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Ripple

Approaching Key Resistance with Bullish MomentumXRP is currently trading around $0.5889, testing a key resistance level after a strong rally. The price has consistently risen, nearing the upper Bollinger Band ($0.5923), with a high of $0.5925 reached earlier today. This rally comes amid speculation on the SEC’s appeal regarding the Ripple case, with positive sentiment driving XRP upward. Bollinger Bands: Testing Resistance XRP is pushing against the upper Bollinger Band, indicating that bullish momentum is strong, but a break above $0.5923 will be critical to confirm further upside. The lower band at $0.5686 serves as short-term support. RSI and Stochastic: Overbought, But Strong The RSI is currently at 67.65, approaching overbought territory. The Stochastic oscillator, with %K at 80.43 and %D at 78.92, is also signaling that XRP is in an overbought condition, hinting that a short-term pullback could occur if momentum stalls. However, the RSI-based moving average of 67.29 suggests continued bullish strength. MACD and OBV: Bullish Signals Confirmed The MACD is in bullish territory with a histogram reading of 0.0004, confirming that momentum remains positive. Additionally, the On-Balance Volume (OBV) shows a slight drop of -1.656B, but this has not yet affected the upward price movement significantly, indicating that bullish sentiment remains intact. Support and Resistance Levels Immediate Resistance: $0.5923 (Upper BB) Immediate Support: $0.5804 (BB Basis), $0.5686 (Lower BB) Major Resistance: $0.6434 (August High) Actionable Outlook: Watch for Breakout or Rejection Bullish Scenario: If XRP breaks above $0.5923, the next target will be the $0.60 level, with a potential rally toward $0.6434. Keep an eye on volume to confirm the breakout, as this would suggest continued upside momentum. Bearish Scenario: Failure to break above $0.5923 could lead to a short-term pullback toward $0.5804 and the SMA at $0.5860. Overbought indicators suggest caution, so consider tightening stop-losses. Action Point: Traders should watch closely for a break above resistance. If XRP breaches $0.60, it could signal a continued rally, especially with ongoing legal developments influencing market sentiment. However, if a pullback occurs, look for entries around $0.5804.
by MonoCoinSignal
DOGEUSDT in Accumulation PhaseDOGEUSDT recently dropped to a support level last tested in February, where the price saw a significant rally. Currently, the price has formed a false breakout below the 0.09500 support level and has since been moving sideways in an accumulation phase. Over the past week, the market has been forming a compression channel, which could lead to a breakout and a subsequent price move. Given the repeated rejections and bounces off the support level on the daily timeframe, there is a strong potential for an upward move. The price could break through the trendline and retest the resistance level, with the target set at 0.10700
Long
by RTED_Investing
4
XRPUSD Is Grayscale's new Trust launch the dawn of a new era?XRP saw a jump of around +9% on Thursday after Grayscale announced the launch of a new trust that gives accredited investors direct exposure to the cryptocurrency. Unlike an exchange-traded fund, the trust will primarily trade over the counter. Trusts are also more susceptible to trading at a price that does not line up with the underlying value of the portfolio. Could this pave way for a potential ETF? Possibly, and that would certainly put XRPUSD in the same league as the market leaders Bitcoin and Ethereum that are already drawing massive capital inflows following their ETF launch, ushering a new era for cryptocurrency. But what we can do for the time being, is focus on the short-term technical price action alone and as you can on the 1D time-frame XRP's trend has been bearish since July 13 2023, within a Channel Down pattern. Currently the price is past the new High, having formed a series of Lower Highs, which have emerged every time after a top. This trend-line didn't break in the past and pushed the price Lower to at least the 0.618 Fibonacci Channel level. As a result, we can't turn bullish short-term as long as the Lower Highs hold. The action remains bearish, targeting 0.4000 (Fib 0.618). The moment however the price breaks above the Lower Highs trend-line, we will take the short's loss and turn bullish, targeting the 2.0 Fibonacci extension at 1.1275. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:XRPUSD
by TradingShot
Is Ripple Ready For A Bullish Breakout?Grayscale to Launch First U.S. XRP Trust, Paving the Way for Potential ETF There were report that Grayscale is launching the first U.S. XRP Trust Fund, offering accredited investors direct exposure to XRP. This move is seen as a step towards an XRP exchange-traded fund (ETF). Grayscale has a history of pioneering crypto financial products, including converting its Bitcoin Trust into a spot ETF after a successful lawsuit against the SEC in 2023. Now, looking at Ripple's Elliott Wave structure, its unfolding a five-wave bullish impulse on the weekly chart. Currently, it's trading in 6-year higher degree consolidation; ideally, it's a larger bullish triangle in wave four, which can be coming to an end in next few months. So possibly we can see a break higher.
BITSTAMP:XRPUSDLong
by ew-forecast
4
AVAXUSDT Divergence at ResistanceAVAXUSDT is currently trending downward, creating lower highs as it nears a crucial support level. After a pullback toward the resistance zone, the market struggled to sustain upward momentum, resulting in a divergence pattern. The price has since dropped below the significant 24.00 level and broken through an upward trendline, marked by the appearance of a long-tailed bar, signalling strong selling pressure. Given that the recent bullish move was a correction against the dominant bearish trend, it is likely that the market will continue its decline toward the support level. The development of a triangle pattern suggests consolidation, often a precursor to continued sideways movement. The target is the support level around 22.60
Short
by RTED_Investing
THE PREDECTED 'FLASH-CRASH' WEEK IS UPON US!As I've stated in a previous post, I believe that a massive, market-wide liquidation event is coming within the next trading week (September 9th–15th). This chart pertains to what I believe we will see in XRP during this timeframe. As predicted previously, I believe we will see a drop below $0.3838, between 33% and 50%, but it likely won't last too long before the price recovers and starts the beginning of the next bull run cycle. Many people falsely believe that we are already in the bull run, but that's simply not true. The gains we have seen so far in some cryptos have just been a precursor to what is about to occur over the next 9 to 14 months in the new appreciation cycle. Anyone who says we're already in the bull market is just flat-out wrong. But never fear; it is about to start, though only after a major liquidation event occurs to fill the coffers of the market makers, who will sell all the way up, providing the needed liquidity to drive the price to new all-time highs. Good luck, and enjoy the ride! Becoming a multimillionaire will be the best part. Once you get there, you won't even know what to do with all that money! Hopefully, something good for your community and the people in your life! Always be charitable and create the change that you would like to see in the world; don't wait for it—make it happen!
BINANCE:XRPUSD
by MetaShackle
3
XRP DEATH CROSS AND WHAT TO WATCH FOR 🔥 Hey hey, sorry it's been a couple days since I've been able to post, been working everyday so I haven't had any time but I do have a bit of time before work today so figured I'd pump out an idea for you guys here, and as always, thanks for tuning in! 🔥 In my last idea I brought up that death cross, it was looking like we we're about to have a death cross form and well, that's exactly what happened. Here's a quick chart from the other day in which we saw our chart already fighting to regain that 200 EMA on the hourly but unfortunately bulls weren't able to get that done and bears took over. 🔥 Gonna keep this idea short and simple since we already know we're in a death cross. We already knew that was likely going to happen once we lost our 200 EMA so now what we'll be looking to and watching out for is price action above 0.514. These horizontal levels are pretty prevalent and no doubt traders are acting off what we do here and here's a 15 minute chart: 🔥 Off the 15 minute chart alone we can see how we're slowly making our way back up and looking to regain that 200 EMA soon enough, that being said we'll likely regain the 200 EMA soon on the 15 minute timeframe but we'll need to regain it on the 30 minute and hourly to get a solid bullish confirmation before traders will throw money at XRP again so till that happens expect waters to be choppy. 🔥 So watch those horizontal levels, when we're below a level it'll act as resistance and when above any level it'll act as a support so watch for that as well as this new annotated descending channel which is highlighted in the blue lines to show off this descending channel that's formed since we lost our 200 EMA. That's helped bears push price action down so another bullish confirmation will be when we break out of this channel so bear that in mind. 🔥 I have to go but I wanted to give you guys a few things to look at for reference while I'm out, anyway thanks for coming by as always and thanks for tuning in, wishing all the best till next! ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
Ripple (XRP) price analysisIn the weekly chart, the XRP price action reveals a triangle pattern formation. With a solid support trendline, the recent bull cycle within the pattern challenges the overhead trendline. Currently, it is taking support at the confluence of the 50-week and 200-week EMA in a sideways trend in a bullish alignment. Furthermore, the XRP price struggles to surpass the 23.60% Fibonacci level at $0.5993 in the weekly chart. Facing multiple higher price rejections, the weekly closing above this level is yet to be achieved. Last week, the XRP price dropped 8.76% and is currently trading at $0.5542 with a weekly return of 1.19%. In the recent turn of events, the attorney Fred Rispolli has downplayed the recent concerns of the SEC appealing the XRP ruling. As per his point of view, the ruling is unlikely until 2026, which will have little to no impact on the XRP price. Hence, the upcoming XRP prices will likely be independent and not depend on the ongoing lawsuit. Meanwhile, Ripple has requested a stay order on the $125 million penalty announced in the recent events. Further, Ripple CEO Brad Garlinghouse has announced the upcoming release of Ripple USD stablecoin and the active efforts to boost the XRPL ecosystem with smart contract capabilities in the Ripple blockchain. Despite the recent key developments, the XRP price has not found any positive impact and continues to follow a sideways trend after the bearish impact. The ongoing bear market remains a key reason behind the need for the bullish impact of such major developments. Hence, with a broader market recovery anticipated by late 2024, the bull run in XRP will likely surpass the 23.60% level. Based on the Fibonacci levels, the price targets 2026 stand at $1.29 and $1.56.
by paul_endeo
1
XRP - Biggest Trendline In The History Hi, this is my new update for XRP. As you see we are getting ready for one of the biggest breakouts in the history of cryptocurrency. We are stuck under this downward sloping trendline for 7 years. We got rejected 8 times in 7 years, but now with the help of the up-sloping trendline we are getting closer for a breakout. We have had similiar situation on February 2017. As you see in the yellow circle first we got a beautiful fakeout under the up-sloping trendline and then we got the momentum to break the downward sloping trendline. I expect we are going to get the similar price action this time too and my main target for XRP after the breakout is around $5. Once we get above the resistance 0.75 then we are ready to takeoff, but at the same time we need Bitcoin to get above 74 000, otherwise things will get complicated.
BITSTAMP:XRPUSDLong
by GOAT1375
7
MASSIVE 33% to 50% DROP IN XRP COMING SEPT. 9th - 15th.I believe there is a massive drop coming for XRP during the week of September 9th through the 15th. Don’t ask how I came up with this prediction; it’s too complex to get into. I don’t know if the drop will be a massive red candle in a single day or if it will be a multi-day process to achieve these lows, but I’m predicting that the minimum price drop will be 33%, and it will most likely range between 33% ($0.3838) and 50% ($0.288) in total, somewhere between September 9th and September 15th (less than two weeks away). And if the price overshoots the low end of the prediction ($0.288), it may even drop as low as .18 cents, but likely won't hold long at the that price before rebounding. For some, this will be the scariest moment in crypto. For others, it will be the buying opportunity of a lifetime. This most likely will not be limited only to XRP, and will be experienced throughout the overall crypto market. Key takeaways from this prediction: - Price will drop below $0.3838 sometime between Sept. 9th through the 15th. - Price will go as low as $0.288. - If the $0.288 level is broken, price may go as low as $0.18 cents momentarily (Refer to my chart below). Keep some cash on the sidelines to purchase physical coins to add to your long-term XRP stack. This buying opportunity may last only minutes or could extend to days; only time will tell. Let the countdown begin. And yes, I know this is a bold prediction, but I wouldn’t be sharing it if I didn’t believe it was actually going to happen, and yes, I may be wrong. Good luck!
BITSTAMP:XRPUSD
by MetaShackle
53
TRXUSDT trend continuationTRXUSDT has pulled back following a recent surge. The market recently broke and closed above a flag pattern, with the price retracing about 38.2% of the previous bullish move. It has now reached a resistance zone last tested in 2021. Additionally, the price has pulled back to the previous higher high zone, from which it has already started to bounce. On the weekly timeframe, the market has broken through a large triangle pattern, suggesting a potential continuation of the trend. The target is the resistance zone around 0.1670 Dear traders, if you like this trading idea or you have an oppinion on it, we would love to hear it in the comments :)
Long
by RTED_Investing
1
XRP Death Cross?⚡ Hey hey, hope everyone's doing well, short and quick idea here for you guys, we'll look at what could possibly be a death cross forming on XRP's chart. And as usual here's a quick reference to our previous idea, chart. ⚡ Off that we can see that we we're at that pivot point and we did make note to watch for a breakout or fall, wild to see what's happened since then, we did indeed get the breakout we were looking for before hitting that next resistance at our horizontal level above which is fair enough, we know those levels are important to the market bears ended up winning for the day knocking bulls back down but that's only after the fact that a higher high was established. ⚡ So it's great seeing that but here's the kicker, on our 45 minute chart as shown below, we could possibly be entering a death cross soon, check it out. ⚡ We've already seen what happened when we got that Golden cross at the beginning of the chart on the 19th which basically kickstarted this rally and we've been able to steer clear of the 200 EMA, till now that is. We're just barely skimming it but if we end up converging and fall below it then expect some bearish price action to keep it simple. ⚡ And on the 15 minute chart above we can already see the effect by which we've reversed and lost t hat 200 EMA so it'll be a matter of whether we can avoid losing the 200 EMA on the 45 and hourly charts, if we lose it on the hour then definitely expect some retracement is all. Hopefully not but if it happens it happens, it's just the market's ups and downs. ⚡ Have to get ready for work but thanks for coming by, appreciate the words and support as always, have a great day. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
XRP Prediction: dump before heading towards 0.75-1$In this video, we dive into the current XRP price action and outline our strategy for the upcoming weeks. We'll start by identifying the weekly high as our initial target, where we expect XRP to face resistance. Following this, we anticipate a dip into the imbalance zone, offering a potential entry point. From there, we’ll discuss our long position strategy, aiming for a price target between $0.75 and $1 by September. Stay tuned as we break down the technical analysis and key levels to watch!
by SerenityEquity
XRPUSD to the moon?The break of 0.63250 is still in progress... There are a few confluences that are signalling a bullish scenario playing out 1. Price could finally closed above the minor resistance at 0.60138 it only has a day and less than 20 hours to close, which could mean at the break of the high, the range towards 0.63250 could be filled 2. There is a Golden Cross 3. A new higher low/support formed at the breakout level, signalling a break and retest play 4. Three Successive bullish candles 5. USD weakness due to anticipated rate cuts Let's see if the current weekly candle will close above minor resistance level. 🚀🚀
BITSTAMP:XRPUSDLong
by Kabelo_Dale