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XRP READY TO FALL OR BREAKOUT? ⚡️ Hey hey, hope all is well, wanted to come through with a quick ta before we catch some sleep so feel free to tune in for a quick read, and thanks as always. ⚡️ Since my last post we've managed to avoid falling further instead now forming what's become this ascending channel which has helped us to get all the way back up and break past 0.61 again before we understandably hit that resistance at 0.63. ⚡️ Being where we are right now, it's been great that we've managed to avoid losing this ascending channel, not to mention we've avoided losing our 200 EMA on the 45 minute timeframe but whether or not we can continue that will likely come to be seen within the next few hours, if not sooner. here's that 45 minute chart below: ⚡️ I've added a few annotations but the 45 minute chart helps us see things pretty clearly, since our original test of support at 0.54 and thanks to this ascending channel we've managed to avoid crossing paths with our 200 EMA only touching once before bulls helped with a big buy order to push us back up and avoid crossing. ⚡️ That being said, we failed to break above 0.63 and form a higher high, now that doesn't mean we're instantly bearish, we can see that we hit that resistance at the ascending channel's top, just like we have our support line which has helped us avoid falling further, we're gonna have our resistance line as well, simple enough. ⚡️ To keep things short and simple, bulls want to keep within the ascending channel and aim to break 0.63 for a possible breakout and bears will want us to lose our channel. If we slip and fall out the channel and our bars end up crossing paths with that 200 EMA again, then expect bears to take a lead and push us down like we went through last time. I'll be watching the 20, 50 EMA's to see if they flip, so far they haven't but if they do flip and cross over each other again then watch that 200 EMA for bearish or bullish confirmation depending on whether we can avoid or if we do end up crossing over that 200 EMA. ⚡️ I have to go, simply wanted to put out something quick for you guys, curious to see how this plays out over the next few hours and days! Keep tuned for that of course, talk to you guys in a bit and thanks for the support as always! ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
3
XRP bullish ideaI don’t know what’s going on behind closed doors at the Ripple office, but the chart certainly looks interesting. Looking at the daily chart, we can see the price action is approaching a 36 (3+6=9) month old horizontal resistance/support zone. “If you only knew the magnificence of the 3, 6, and 9, then you would have the key to the universe.” Nikola Tesla. Going back to July 2023, we see the market exploded past key resistance, resulting in a ~97% gain in a single day. This indicates the market is closely watching that level. There is also a successful break of a 4 month diagonal resistance, building up momentum. On top of that, XRP could be coming out of an accumulation phase that lasted approx 800 days. ( 800 Days in crypto is 8000 days in normal life) Let’s not forget that XRP is an ISO20022 compliant cryptocurrency. Additionally, Ripple is listed on almost every existing exchange, making it accessible to buy for anyone on the planet and possibly beyond. Moreover, CNBC's Fast Money streamed how to buy Ripple at $2.57 back in January 2018. With XRP currently trading at approx a 75% discount since then, it would need to pump by approx 370% to return to that level. Overall, should XRP break the key level of ~$0.55, the next key zone would be ~$1.3.
BINANCE:XRPUSDLong
by Krokzi
4 potential shorter timeframe triangles on rep 1wk log chartMy previous chart idea which I will link to below showed the monthly timeframe logchart of the 2 potential larger triangles xrp has been consolidating in, so I wanted to also follow that up with a weekly chart timeframe of the the 4 potential smaller triangles we have also been consolidating in so I can eep track of their progress as well. All the potential measured move ines here have been randomly placed so of course where ever it does break upward will likely be slightly different and will only require I readjust those measured move lines slightly at that point only changing their price targets slightly. *not financial advice*
BITSTAMP:XRPUSD
by DrDovetail
XRPUSD log chart’s triangle pattern on the 1 month chart.Always a chance price action could break above this triangle at any given moment but we can see that the apex of this triangle goes all the way not 2026, so it could also just continue to grind slowly idle ways as well. Hopefully a final ruling in the SEC Ripple case occurs soon and isn’t followed up by any kind of appeal so price action can finally get moving. I am simply posting this chart here so i can keep tabs on this pattern as time progresses. *not financial advice*
BITSTAMP:XRPUSD
by DrDovetail
Is Ripple (XRP) back to bullish cycle? – price analysisThe bears pulled XRP below the breakout level of $0.57, but they could not sustain the lower levels. This suggests aggressive buying on dips. The bulls will try to push the price above $0.64, setting the stage for a move to $0.67 and later $0.74. Sellers are expected to defend the $0.74 level with all their might. If the XRP/USDT pair turns down from $0.74, it will signal that the range-bound action may continue for a few more days. The $0.57 to $0.54 zone is expected to act as a strong support on declines. A break below the zone will tilt the advantage in favor of the bears.
by paul_endeo
XRP Might Undergo a Big Move as Technical Flash BullishBINANCE:XRPUSDT has shown a series of upward movements in recent sessions, reflecting a bullish sentiment in the market. Recent closing prices have displayed a steady climb from $0.5946 to $0.6123, suggesting an overall upward trend. The 9 EMA (Exponential Moving Average) has crossed above the 20 EMA, further signaling a bullish trend. This crossover is a key indicator that the short-term momentum is in favor of the bulls, potentially attracting more buying interest. Meanwhile, the MACD (Moving Average Convergence Divergence) indicator also supports the bullish outlook. The MACD line has consistently stayed above the signal line, with a positive histogram indicating increasing momentum. Rising MACD values also suggest that the bullish momentum is gaining strength, and the crypto could see further upward movements if this trend continues. However, traders should be cautious as the histogram values are showing signs of slight divergence, which might indicate a possible slowdown in the momentum. The RSI (Relative Strength Index) is currently in the range of 64 to 65, which is below the overbought threshold of 70. This indicates that while the asset is experiencing bullish momentum, it has not yet entered the overbought territory, leaving room for further upward movement before a potential pullback. The next key resistance level to monitor is $0.626. A break above this level could pave the way for further gains, potentially attracting more buyers into the market. On the downside, immediate support is seen at $0.5822. A drop below this level could indicate a reversal of the current trend, leading to a test of lower support levels at $0.5494 and $0.528. For traders looking to enter long positions, a break and close above the $0.626 resistance level could be a good entry point, with a potential target towards $0.65 and higher. On the other hand, if the price fails to break above this level and starts to show signs of weakness, short traders might consider entering around $0.626 with a stop loss slightly above this level to manage risk. For those looking at short positions, a break below the $0.5822 support level could provide an entry opportunity, targeting the lower support levels of $0.5494 and $0.528. It's essential to keep a tight stop loss just above the entry point to protect against potential false breakouts. Overall, the technical indicators for the XRP price on the 4-hour chart are currently bullish, suggesting potential upward movement. However, traders should remain cautious and closely monitor the key support and resistance levels to manage their trades effectively.
Long
by Ecoinimist
XRP (Ripple): Pullback in UptrendTrade setup : Price is in an uptrend. Following a a bullish breakout from Falling Wedge pattern, price broke above $0.57 key level. However, it got overbought (RSI > 70), which was followed by a pullback on some profit taking. We would be buyers on pullbacks to $0.50-$0.55 support zone, with +30% upside potential back to $0.67 resistance. Pattern : Pullback in Uptrend . Price remains in an Uptrend but has pulled back, which could present a 'buying dip' opportunity. Traders should look for the nearest support level where price could stabilize and resume its Uptrend. This support level could be a level where price bounced off of in the past, or a level that was previously resistance. (concept known as polarity).Learn to trade key levels in Lesson 3. Trend : Short-term trend is Strong Up, Medium-term trend is Up and Long-term trend is Strong Down. Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $0.50, then $0.42. Nearest Resistance Zone is $0.67.
Long
by altFINS
1
BTC Weekly Chart: Targeting $67,600 After Bullish Surge (READ)By examining the Bitcoin chart on the weekly (logarithmic) timeframe, we observe that the price recently surged to $66,000. Currently, BTC is trading around $64,000. I still expect further growth from Bitcoin, with the next target being $67,600. Additionally, we should monitor the price reaction to the $67,600 to $72,000 zone. This analysis will be updated accordingly. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Long
by ArmanShabanTrading
10
Powerful Indicators---- XRPXRP again. In our report last week, we mentioned that XRP is in the bullish trend and pull back to the wavy area, and the bulls will increase. Unsurprisingly, XRP started to rebound just after we published the idea. Once again, XRP hit the upper rail of the wavy zone and bulls strengthened again. When you use the TSB indicator, it will give a BUY or SELL signal, which means that the token has entered a bullish or bearish trend. The three rails in the wavy area are important support or resistance levels, depending on the direction of your position. You can add positions at these prices and reduce costs. What’s more At the daily level, the TSB indicator also gives a BUY signal, which means that XRP has turned into a bullish trend at both the daily level and the 4h level. Use our indicators to earn profits at any level. Introduction to indicators: Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated. KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
by sypool-AI-TradeGenius
XRP QUICK NIGHT TA!🔥 Hey hey! Hope everyone's doing well, got some free time and wanted to get a quick TA and follow up here from our last idea. It'll be a quick but important idea. And thanks for joining me as always! 🔥 In our most recent idea we added in this ascending channel with the blue lines, I've extended it in today's idea with the red lines for reference. And here's a link and image of the previous idea: 🔥 Following off from that we'll take a quick look at what's happened since and some smaller timeframes. First thing to note is that as we spoke on in the previous idea, we we're anticipating a possible reversal and retracement, especially after the big rally we'd experienced. Can see how once we lost that ascending channel we really got some sell pressure before getting that support at 0.541. And for reference here's our 15 minute chart: 🔥 I've added two annotations for reference to highlight the two points of interest as of currently. First things first, can see how once we lost that 200 EMA bears basically took over before that support at 0.541 hit back ultimately helping us regain that 200 EMA and pushing us to our next highlight! 🔥 We're at this horizontal channel now and if I had to say from past trading action and behavior, we'll more than likely be seeing some sort of breakout soon enough, now whether or not that happens depends on the 200 EMA, we're familiar with that 200 EMA by now and it's effect so what happens next will more or less be based off whether or not we can stay afloat and above that or if we'll lose the 200 EMA again being that we've failed to form a higher high already and tested that support at 0.541 so definitely set some alerts for 0.541 and 0.610 if you want to keep tabs on things. 🔥 Said this was going to be a quick idea and that's that. Just wanted to follow up and highlight a couple things for now but I'll definitely keep you guys posted and thanks for joining me once again as always, many blessings and good wishes till next! ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
2
XRP Breaks Through: A Bullish Signal or False Dawn?XRP, the native token of the Ripple network, has been making waves recently with a surge in price that sees it decisively breaking through both the 50-day and 100-day Exponential Moving Average (EMA) lines. This technical indicator suggests a potential shift in momentum for the cryptocurrency, but is it a sign of a sustained bullish trend or a temporary blip? Understanding the EMAs EMAs are a popular technical analysis tool used to gauge an asset's price movement. They smooth out price fluctuations by giving more weight to recent prices. The 50-day EMA reflects the short-term trend, while the 100-day EMA represents the mid-term trend. Traditionally, a breakout above both EMAs is considered a bullish signal, indicating a potential reversal from a downtrend or a continuation of an uptrend. XRP's Recent Price Action For much of 2024, XRP had been trading sideways, consolidating around the crucial $0.50 support level. However, a recent uptick in buying pressure has pushed the price above the 50-day EMA and decisively past the 100-day EMA. This breakout suggests a potential shift in market sentiment, with investors becoming more optimistic about XRP's future prospects. Possible Reasons Behind the Breakout Several factors could be contributing to XRP's recent bullish momentum: • Renewed Interest in Ripple - Ripple, the company behind XRP, has been making significant strides in its ongoing lawsuit with the SEC. Recent developments in the case, such as favorable court rulings, could be boosting investor confidence in Ripple and by extension, XRP. • Increased Adoption of RippleNet - RippleNet, Ripple's cross-border payment network, has been gaining traction in the financial sector. New partnerships and successful use cases could be driving demand for XRP, which is used to facilitate transactions on the network. • Broader Market Recovery - The cryptocurrency market as a whole has shown signs of recovery in recent months. This positive sentiment could be spilling over to XRP, leading to the current price increase. Is This a Sustainable Bull Run? While the breakout above the EMAs is a positive technical indicator, it's crucial to maintain a cautious outlook. Here are some factors to consider: • Market Volatility - The cryptocurrency market remains highly volatile. Short-term price swings and potential corrections are still a possibility. • Outcome of the SEC Lawsuit - The ongoing legal battle between Ripple and the SEC is a major overhang for XRP. A negative outcome could dampen investor enthusiasm. • Regulatory Landscape - Regulatory uncertainty surrounding cryptocurrencies persists globally. Stricter regulations could hinder XRP's adoption and growth. Looking Ahead The recent breakout of XRP above the 50-day and 100-day EMAs is a positive development, but it's too early to declare a sustained bull run. Continued buying pressure, positive developments in the SEC lawsuit, and wider adoption of RippleNet are necessary for XRP to maintain its upward trajectory. Investors should closely monitor these factors and conduct thorough research before making any investment decisions. In Conclusion XRP's recent price action has sparked renewed interest in the cryptocurrency. While the technical indicators suggest a potential bullish trend, a wait-and-see approach is recommended. Continued monitoring of market forces, legal developments, and regulatory landscapes will provide a clearer picture of XRP's long-term prospects.
by bryandowningqln
GTAI/USDT : More Bullish Move Ahead ? (READ THE CAPTION)By examining the GT Protocol cryptocurrency chart, we see that, as expected, the price maintained the support level in the specified range and achieved over a 40% increase in less than a week, reaching $0.90. Currently, GT is trading around $0.75, and if it holds the support range of $0.71 to $0.75, we can anticipate further growth to higher levels. I hope you made the most of this exciting analysis! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Long
by ArmanShabanTrading
3
Time Proves Everything---- XRPFor cryptoers who are new to this bull market, Ripple is an unfamiliar project. More Rookie’s knowledge of Ripple is that Ripple and many regulatory agencies have lawsuits. But this project, which was born in 2012, has received favor from the traditional banking industry at the application layer. Among Grayscale’s trusts, apart from BTC and ETH, XRP has a seat. The recent Bank for international settlements recording XRP as secondary capital, like BTC, also showd Ripple's power. Ripple is an International remittance solution, which is the same as SWIFT. However, Ripple uses distributed ledgers to achieve secure and instant global financial transactions. Compared to projects growing in a complete ecosystem today, Ripple is more like an early blockchain innovation project relying on the real world. Even though Ripple is 12 years old, it is still functioning on an application level. The premature attention attracted regulators from the SEC. The protocols or CEXs of the same period were almost defeated by regulation or eliminated by the times. Ripple is a living fossil. Now, regulators are loosening the rope on the crypto market. The listing of the ETF and the dismissal of the lawsuit prove this. Ripple gets a chance to get off the ropes. At the same time, become a strong competitor for the next ETF. Next let’s look at the indicators. XRP is one of the few tokens with a BUY signal in the current environment. We can see that after the TSB indicator prompted a BUY signal on July 24, XRP had an obvious pump. It is now pulling back near the support line in the wavy zone. This will generate bullish power and is a suitable point to add to a position. Introduction to indicators: Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated. KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
by sypool-AI-TradeGenius
XRP outlook amidst SEC vs Ripple updatesRipple (XRP) reclaimed a $0.6 level, a three-month high, amid speculations of a settlement between the US Securities and Exchange Commission (SEC) and Ripple. According to some market observers, a secret meeting between SEC and Ripple scheduled for 18th July could end the long-running legal battle between the two parties. However, a former SEC lawyer, Marc Fagel, downplayed the SEC-Ripple settlement rumors. He noted that the agency has held several such meetings with Ripple, none of which resulted in a conclusive endgame for the ongoing lawsuit. Still, some market participants were convinced the massive XRP pump was linked to insider news of a potential settlement or positive news. The upswing to $0.61 on the price chart marked a +7% daily gain and effectively reversed all losses made in Q2. On a monthly adjusted basis, XRP was up 30% in July after rallying from $0.38 to above $0.6. This performance eclipsed the rest of the market, including Bitcoin (BTC), which was up only 3% in the first half of July. If XRP convincingly reclaimed the 38.6% Fib level ($0.61) and eyes the next bullish target at 23.6% Fib ($0.66), an extra 7% gain would be likely. However, XRP hit a key in a bearish order block, marked in red, which aligned with the 38.6% Fib level. Additionally, the RSI (Relative Strength Index) was in the overheated territory. This meant that buying was strong, but buyer exhaustion couldn’t be ruled out. If so, a retracement to the 50% Fib level could offer side-lined speculators another market re-entry point to ride the rally to the 23.6% Fib level. Meanwhile, traders went long on XRP since Monday, with the futures long positions increasing from 47% to 49%. The outcome of the July 18th meeting could determine whether the rally will be sustained or not.
by paul_endeo
XRP Rockets 12%: Triangle Pattern and Futures Signal Bullish RunXRP, the native token of Ripple, has defied the recent market stagnation with a stellar 12% surge in the past 24 hours. This jump extends its weekly gains to a remarkable 40%, significantly outperforming other major cryptocurrencies. This unexpected bullish move is fueled by a combination of technical analysis and a surge in futures bets, suggesting a potential continuation of the uptrend in the coming weeks. Bullish Triangle Hints at Breakout Technical analysts are pointing to a significant development on XRP's long-term price charts – the formation of a bullish triangle pattern. This pattern typically emerges when the price action gets squeezed between converging trendlines, one acting as resistance and the other as support. As the price fluctuates within this narrowing range, a breakout is often anticipated, with the direction determined by which trendline is breached. In XRP's case, the triangle pattern hints at a potential upside breakout. This is further bolstered by the recent price surge, which has pushed XRP towards the upper trendline of the triangle. If this resistance level is convincingly broken, analysts predict a significant price increase, with the height of the triangle often serving as a target for the breakout. Rising Futures Open Interest Fuels Optimism Adding fuel to the bullish fire is the noteworthy rise in open interest for XRP-tracked futures contracts. Open interest refers to the total number of outstanding futures contracts that have not yet been settled. A significant increase in open interest suggests a growing number of traders are placing bets on XRP's price movement, with a rising number typically indicating anticipation of volatility and potential price increases. The near doubling of XRP futures open interest within the past week signifies a surge in investor confidence and a potential influx of capital into the XRP market. This aligns with the bullish triangle pattern, suggesting a confluence of technical and market sentiment that could propel XRP further upwards. Is XRP Back on Track? XRP's recent performance marks a significant turnaround after a prolonged period of lagging behind the broader market. This sluggishness stemmed partly from the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) regarding the classification of XRP as a security. However, with some positive developments in the case, including a recent partial dismissal of the SEC's claims, investors appear to be regaining confidence in XRP's long-term prospects. A Note of Caution While the current momentum is undoubtedly positive for XRP, investors should exercise caution. The cryptocurrency market remains inherently volatile, and unforeseen events can trigger sudden price swings. As always, thorough research into XRP and the broader market environment is crucial before making any investment decisions. Looking Ahead The combined forces of the bullish triangle pattern and rising futures open interest paint a promising picture for XRP in the near future. If the anticipated breakout from the triangle materializes, XRP could experience a sustained price increase in the coming weeks. However, close monitoring of market developments and ongoing legal proceedings surrounding XRP remains essential for investors navigating this dynamic market.
Long
by bryandowningqln
1
XRP hits target of green symmetrical triangle breakout.Target hit!nHopefully now that this target has been hit xrp will still hold support on all the MAs it rose above to hit this target including the weekly 20ma not shown here since this is the 1 day time frame. Nice to see price action send a wick above the top yellow trendline. Once it starts to close a few consecutive daily candles above the top yellow trendline and perhaps 1 to 2 consecutive weekly candles above it then it should really be go time. May take a second to flip it to support though after such a big pump. *not financial advice*
BITSTAMP:XRPUSD
by DrDovetail
XRP hits target of green symmetrical triangle breakout.Target hit!nHopefully now that this target has been hit xrp will still hold support on all the MAs it rose above to hit this target including the weekly 20ma not shown here since this is the 1 day time frame. Nice to see price action send a wick above the top yellow trendline. Once it starts to close a few consecutive daily candles above the top yellow trendline and perhaps 1 to 2 consecutive weekly candles above it then it should really be go time. May take a second to flip it to support though after such a big pump. *not financial advice*
BITSTAMP:XRPUSD
by DrDovetail