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Ripple

XRP' Challenging the Stablecoin Stranglehold XRP, the cryptocurrency associated with Ripple Labs, has recently made significant strides in the market, surpassing USDT (Tether) to claim the position of the third-largest cryptocurrency by market capitalization, boasting a valuation of $139 billion. This achievement marks a significant milestone for XRP and raises questions about its future trajectory, particularly its potential to reach price targets such as $5 and beyond. This article delves into the factors contributing to XRP's recent surge, its competitive landscape, and the technical and fundamental analysis supporting its bullish outlook. Breaking the Stablecoin Barrier The cryptocurrency market is often categorized by its volatility, with stablecoins like USDT providing a perceived safe haven for traders and investors. These stablecoins, pegged to fiat currencies like the US dollar, have consistently held prominent positions in the market capitalization rankings. XRP's recent surpassing of USDT signifies a shift in market dynamics.1 It demonstrates a renewed interest in and confidence in XRP's potential as a utility token and a potential bridge between traditional finance and the decentralized world of cryptocurrencies. This achievement not only elevates XRP's status but also signals a broader market appetite for cryptocurrencies with real-world use cases. XRP's Utility and Use Cases XRP's core value proposition lies in its potential to facilitate fast and low-cost cross-border payments. Ripple's technology, which utilizes XRP, aims to streamline international transactions, reducing reliance on traditional banking systems that can be slow and expensive.2 This focus on utility distinguishes XRP from many other cryptocurrencies that primarily function as speculative assets. The growing adoption of Ripple's technology by financial institutions and payment providers contributes to the demand for XRP, driving its value and market capitalization.3 The emphasis on real-world applications is a key factor in XRP's long-term growth prospects. Market Dynamics and Speculative Interest While XRP's utility plays a crucial role in its valuation, speculative interest also contributes to its price movements. Positive news regarding Ripple's partnerships, regulatory developments, and technological advancements can trigger significant buying pressure, leading to rapid price appreciation. Conversely, negative news or market uncertainty can lead to price corrections. The interplay between fundamental factors, such as utility and adoption, and speculative trading creates the dynamic price action often observed in XRP. Technical Analysis and Price Targets Technical analysis, which involves studying historical price charts and trading volume, can provide insights into potential future price movements.4 Various technical indicators and chart patterns are used to identify trends, support and resistance levels, and potential breakout points.5 The Path to $5 and Beyond The ambitious price target of $5 and beyond for XRP is based on a combination of factors, including its increasing utility, growing adoption, and potential for broader integration into the financial system. If Ripple continues to secure partnerships with financial institutions and expand its network, the demand for XRP could increase significantly, driving its price higher. Furthermore, positive regulatory developments and increased clarity surrounding the legal status of XRP could also contribute to its price appreciation. However, achieving such ambitious targets is not without its challenges. Challenges and Risks XRP faces several challenges and risks that could impact its future growth. Regulatory uncertainty, particularly in the United States, has been a significant hurdle for Ripple and XRP. Ongoing legal battles and potential regulatory changes could create volatility and impact investor confidence. Furthermore, competition from other cryptocurrencies and traditional payment systems poses a constant threat. The success of XRP depends on its ability to maintain its competitive edge and adapt to the evolving landscape of the financial and technological sectors. Conclusion XRP's recent surge and its achievement of becoming the third-largest cryptocurrency by market capitalization mark a significant milestone in its journey.6 Its focus on utility, particularly in cross-border payments, distinguishes it from many other cryptocurrencies and provides a strong foundation for future growth.7 While speculative interest also plays a role in its price movements, the underlying value proposition of XRP lies in its potential to disrupt traditional financial systems.8 The ambitious price targets of $5 and beyond are based on a combination of factors, including increasing adoption, positive regulatory developments, and continued technological advancements. However, challenges such as regulatory uncertainty and competition remain. XRP's future success depends on its ability to navigate these challenges and continue to deliver on its promise of fast, low-cost, and efficient cross-border payments. As the cryptocurrency market continues to evolve, XRP's journey will be closely watched by investors, financial institutions, and the broader technological community.
Long
by bryandowningqln
Xrp usdt"🌟 Welcome to Golden Candle! 🌟 We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎 Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫 Instead, they reflect our own 💭 personal attitudes and thoughts. 💭 Follow along and 📚 learn 📚 from our analyses! 📊💡"
by Golden_candle
XRP, will history repeat?XRP and the Army. XRP will do nothing and could be considered a stable coin until it finally doesn't. Historically XRP does nothing without the rest of the market, they all follow bitcoin. When does the magic start? When the yellow line crosses the purple and the red, more specifically the purple. Until then, stable coin. I have that area circled in prior history. When it starts it should be 4 weeks of insanity then a correction and pause for approximately 8 months and a final 4 weeks of the final phase. That's the good news, the bad news is it might be well into 2024 and bitcoin will have to make new highs before XRP de-pegs it self from it's stable coin status. I have also added the TDI indicator on the bottom as it shows the bear market areas and bull market areas. I Have linked another chart that I made a few back on XRP and a lengthening altcoin cycle chart. I have picked long for XRP but I don't expect it anytime soon. The earliest would be late this year but most likely 2024. WeAreSat0shi Thank you
BITSTAMP:XRPUSDLong
by WeAreSat0shi
4
Public trade #2 - #XRP price analysis ( Ripple )The CRYPTOCAP:XRP price is holding very well and very firmly, what is there cannot be taken away!) 🟢 In the first stage of the correction, the OKX:XRPUSDT price was allowed to touch the previous ATH only slightly. 🔵 If in the next correctional stage, the price of #Ripple is kept above $1.60, then even we will buy it a little and join the “believers” of this project, at least to $3.90, for starters) 🔴 Worst-case scenario - red - a drop to the range of $0.95-1.20 and prolonged consolidation before continuing growth. Which scenario do you believe in?) Blue or Red?) _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
2
STRONG BREAKOUT - CONTINUATION IMPULSE?As illustrated, we see a strong bullish 1D candle break-out of the bullish pattern (consolidation phase), which could indicate the start of the continuation impulse to the upside to re-test previous highs and potentially breaking to create ATHs. Target area: AB = CD: It is calculated based on the measurement of the first bullish impulse; meaning it should be the same distance. That being said, the price target would be the $4.300 - $4.500 range. Fundamentals: A lot of expectation with Trump's take over and his plans for the crypto industry. As the date comes closer ( 20th of JAN ), there could be a hype into the general market; specially XRP since (apparently) there's talks about RLUSD replacing USDT + serving as a governmental stable coin which the US could start using. Another key event would be the potential BTC reserve that Trump might decide to create. This would increase demand of BTC tremendously, causing a chain reaction effect in most alt coins. It only makes sense to do this with how fast the industry is expanding and growing. -- GOOD LUCK.
BINANCE:XRPUSDLong
by PersaGold
Will XRP Ever see sub $2 again? My thoughts inside.Will XRP Ever see sub $2 again❔️ Here is my current thoughts.🤔 📈 As we enter a new year and the close of a number of higher time frame candles it's easier to take a step back and look at the bigger picture.📉 There is no rush to act now. One GOLD phrase I use a lot when trading is 🌟"Hurry Up & Wait"🌟 👌 Regarding XRP right now. I do not know and it is ok to say so belive it or not.👍 It's easy to assume that after nearly 25 years of trading I should always have a trade on or know where the next one is. For me anyway that is not the case and for many other very successful traders I know that stands for them too.✅️ 🟢 On the current 60min chart the 8 hour leg up that just took out my key high noted in my earlier chart yesterday will tell me where I want to be depending on the next leg, be it either the continuation or retracement/reversal created in the next 8 hours will give me a better picture. ℹ️ However whilst price remains above 2.10 USD I do not want to take the short side of XRP.
COINBASE:XRPUSD
by seekingpips
XRP To Make or Break in 2025? A Pennant May TellBITSTAMP:XRPUSD has been Consolidating just above the April 2021 High @ $1.96 and shows potential of forming a Pennant Pattern! What does this mean for 2025?? Lets break it down Resistance Zone: ( $2.90 - $2.60 ) Support Zone: ( $1.96 - $1.76 ) So far Price has made 2 Tests of both the Falling Resistance and Rising Support and 3 Tests is what usually Validates a Trend line, so we want to be vigilant for what Price ends up doing when traveling to either Leg of the Pennant Pattern! Indicators: -RSI Above 50 suggests the overall sentiment is still Bullish -BBTrend Still Printing Green Bars *If Price Breaks Below the Support, we could see Price Decline further. *If Price Breaks Above the Resistance, we could see Price Ascend to the All Time Highs of $3.31.
BITSTAMP:XRPUSD
by Novi_Fibonacci
1
Xrp - Another +100% Pump Is Starting!Xrp ( CRYPTO:XRPUSD ) is sill just getting started: Click chart above to see the detailed analysis👆🏻 Xrp is so far perfectly following the repetition of cycles after we saw a beautiful breakout candle of November with an insane move of +280%. Looking at previous behaviour, it is now actually very likely that Xrp breaks the previous all time high and continues its strong rally. Levels to watch: $3.0, $5.0 Keep your long term vision, Philip (BasicTrading)
CRYPTO:XRPUSDLong
by basictradingtv
48
XRP and what is actually happening Despite the widespread optimism and enthusiastic support for XRP on social media, the broader picture reveals a more nuanced and potentially precarious situation. Social media platforms often amplify sentiments that may not align with underlying market conditions, creating an echo chamber of bullish sentiment. This optimism can be misleading, especially when it fails to account for actual market dynamics like volume trends, liquidity constraints, or institutional participation. A key factor complicating XRP's trajectory is the persistent selling pressure that offsets or even eclipses buying pressure. While social media narratives might suggest strong demand, on-chain data and order book analysis often reveal heavy selling activity. This dynamic suggests that market participants, including whales or early investors, could be offloading their holdings during price rallies, limiting upward momentum. Such consistent selling pressure acts as a ceiling for price appreciation and undermines the ability of XRP to achieve sustained breakouts. This indicates that the bullish consensus may be fragile, relying more on sentiment than market mechanics. The potential for a short squeeze could further complicates the situation. However, selling pressure zeroing out buying pressure could indicate that short sellers have taken aggressive positions against XRP, expecting further price declines. However, this also creates a precarious balance. If buying pressure suddenly spikes due to a catalyst. While this might seem bullish, short squeezes are often temporary and highly volatile, leaving prices vulnerable to retracement once the squeeze subsides. It’s a double-edged sword that could momentarily align with the social media hype but fails to establish long-term stability. Example in the H4 time frame based on XRP:USDT.P Short explanation: 1) The main pane shows the price action. We can clearly see in the 4 hours time frame a majority of supply rather than a strong demand action (based on LL HL and retracement) 2) the choppiness level of the market seems to be quite persistent, indicating a clear consolidation path likely mid term lasting 3) the red line indicates the balance between premium and discount , and as we can see at present , the price is tapping constantly the discount area of support provided by the lower band of supply. Some consideration about the BULL flag which I should call it BS flag most of the time when is so wide spread. Here the 4H chart for the current wide spread believe that XRP is creating a bull flag: We can see clearly the choppiness of the market is even better visible adding the so called bullish triangle to the actual current price trend which will see some action between the new year eave and the 9th of January 2025: In short, if you are an XRP holder spot just keep it , if you are trying to get the so called breakout be aware that market makers know how many retail traders are trying to jump into this high level of choppiness because over leverage is actually visible. Actually as an indicator when you have a good way to identify choppiness in the market , means that we should expect some sort of action soon the choppiness reached its peak. For this I wrote an indicator that you can see in my charts. Price entries for buy : Around 2.150 if does not break the demand zone below (always at least 3 candles confirmation in 3 different time frames) If the demand zone is breached around that zone next one should be around 1.9500 and 1.90 . In between there are also several gaps to be covered so we could also expect a short squeeze and also an array of orders to sweep buy stop losses too.
Short
by m4rk3tm4k3r
Xrp - The First Of Two Massive Breakouts!Xrp ( BITSTAMP:XRPUSD ) is still creating bullish structure: Click chart above to see the detailed analysis👆🏻 Despite the overall crypto market weakness Xrp is still holding and even rejecting the lower support trendline of the symmetrical triangle pattern. Xrp also created another short term triangle within the long term triangle, so two major breakouts might happen pretty soon. Levels to watch: $0.6, $1.0 Keep your long term vision, Philip (BasicTrading)
BITSTAMP:XRPUSDLong
by basictradingtv
12
XLM Falling Wedge Could Rise 135% to .95 On Bullish Break!Here I have COINBASE:XLMUSD on the Daily Chart. Low - .089449 High - .63445 Since the High, Price has been forming a Falling Wedge where we see Price Retraced to the Golden Ratio Zone @ .31339 where it tested the Falling Support then to find more Support at the 50% Fibonacci Level to now be currently Testing the Falling Resistance! If Price can generate a Bullish Break and continue finding Support, then I believe the prior 608% Price Increase we saw over November, could suggest a Potential 135% Price Increase to the .95 - $1 Area on a Bullish Break!! Indicators: -RSI Above 50 -BBTrend Printing Green Bars -Bullish Volume Building
BITFINEX:XLMUSDLong
by Novi_Fibonacci
1
XRP Analysis – December 23, 2024Hello, this is Greedy All-Day. Today's chart analysis is on XRP. Daily Chart Overview: Looking at the daily chart of XRP, we can see that since December 1, 2024, the chart has been forming a pennant pattern. As per the pattern's characteristics, we should look for either a breakout above resistance or a breakdown below support. Until that happens, the general approach is to remain on the sidelines during the consolidation phase. Currently, the price is still within the pattern, so there is no clear direction yet. Although we’re seeing some correction, we cannot call this a full correction just yet, as the consolidation may simply be a brief pause before a potential continuation of the upward move. The concern is the red box area, where the Lagging Span (or Lagging Line) is about to break through the candles. If this occurs, the Lagging Span may face resistance from the candles above. For the trend to continue upwards, we need the price to stay above the middle of the pattern. If not, we might see a weakening of buying pressure. Risk of a Pennant Breakdown: If XRP breaks down below the pennant pattern, the next support level to watch is at 1.847. Should this level also be broken, it could complete a descending triangle, with a target around 58% lower. As you can see, this is close to a key resistance level from the previous upward movement. Therefore, breaking below 1.847 is critical. Further Historical Data Analysis: Looking at more historical data on the daily chart, we can see that XRP previously broke above a major resistance level (the red box) and tested it as support before rebounding. However, if XRP breaks below 1.847, it will likely enter a consolidation phase after completing a new pattern. In the past, the next frame showed a significant drop toward 0.766 after a similar strong rise. This suggests that a sharp decline is highly likely if the current breakout fails to hold. This analysis highlights the current critical levels for XRP. The next steps depend on whether the price can maintain its position above support or if a breakdown occurs, potentially leading to a more significant drop. Conclusion: In summary, XRP is currently in a pennant pattern, and we need to watch for a breakout above resistance or a breakdown below support. While there’s still potential for an upward move, the key levels to watch are 1.847 and the red box area. A breakdown below 1.847 could lead to a significant decline, potentially completing a descending triangle with a target lower than the current price. It’s crucial to wait for clear price action before taking action, as the market is still uncertain. If the price breaks lower, we could see a strong correction, but if it holds support and resumes the upward trend, it could be an opportunity for further gains.
by Greedy_allday
XRP in positive consolidationXRP is consolidating as it tests key support levels. I created a bullish wedge at the beginning of December, and XRP broke above and below the wedge. On December 18, XRP broke below the upward trendline, signaling a price correction or a consolidation period that might drag out longer than expected. The On Balance Volume (OBV) shows that XRP faces high buying pressure, signaling positive sentiment to push XRP to resistance levels. The Chaikin Money Flow (CMF) shows that XRP spiked in buying pressure today at 0.43 (OBV) above the zero line, locking in positions that will keep XRP in the fight to consolidate around a price average of $2.42.I posted a Fib Retracement to indicate a buying zone if XRP breaks below support levels. Fundamental analysis - In this idea, I'm looking at a more volume-based analysis for XRP because its exposure has been rocketing lately, bringing in new partnerships, institutions, and retail. The market has been bearish lately with its recent nose dive, but XRP looks to be handling it well. Resistance - $2.90 Support - $1.70 Chart - 12hr What will I be doing? Dollar-cost average. Fear and Greed Index (CoinMarketCap) - Neutral 59
BITSTAMP:XRPUSDLong
by LOWCO_487
3
XRP LONG TO ATHs! Ripple XRPUSD RLUSD XRP is Bullish to $4 at the very minimum. We successfully completed our retrace down to $1.95 to the dot. Expecting that to be our final support area and to start seeing consolidation, and upwards momentum. Media hype hasn't started yet, BTC is losing market dominance similar to 2017 2018. We are on the verge of another Diamond Hands bull run. Make sure to take some profits when emotions are hitting super dopamine levels of euphoria. The final pump happens fast and retraces even faster. The volatility will be insane. Well keep tabs on this as the weeks go by. Good luck you beauties!
BITFINEX:XRPUSDLong
by Schploop