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📈XRP: Technical Analysis Amidst Market Tranquility🐢📊 Comprehensive Analysis - XRP 📊 Embarking on today's analysis amidst a market holiday, we find the market continues its calm demeanor, with the possibility of another day of consolidation and range-bound trading. Hence, exercise caution to avoid impulsive positions, as trading opportunities may be scarce during this period. 🔍 Project Overview: Today, we turn our attention to XRP, a cryptocurrency that personally doesn't resonate with me for its deviation from the fundamental principles of blockchain. However, as a professional, it's essential to stay abreast of developments in all relevant areas. 📈 Chart Analysis: Zooming into the daily timeframe, we witness a sharp downward movement, breaching the $0.495 support level. However, subsequent candlesticks failed to sustain below this level, potentially indicating the initiation of a new upward trend. Notably, XRP exhibits a bullish high wave cycle, with a conceivable upward target of $0.7240. 💡 Trading Strategy: For spot traders eyeing entry points, a cautious approach is advised. Consider setting your sights on the $0.7240 resistance level, where profit-taking may occur, or wait for a potential retracement to the support box. In the worst-case scenario, exercise patience and re-enter after a break below $0.724. 📊 Volume Analysis: Examining recent volume trends, red candle volumes outweigh green candles, suggesting prevalent selling pressure. Furthermore, the lackluster volume in the latest candlestick adds to the ambiguity, rendering it inconclusive for trading decisions. 🔄 Conclusion: With XRP's high wave cycle confining it within a range, traditional technical indicators like Fibonacci retracement offer limited utility. In such scenarios, traders must exercise caution and rely on comprehensive analysis to navigate the market effectively. May this analysis serve as a valuable resource in your trading endeavors. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
by itsparham96
💎 CHILIZ (CHZ) - New Investment Opportunities ! LONG ?By checking the #Chiliz (CHZ) cryptocurrency chart in the weekly time frame (logarithmic), we can see that the price after the correction that had to a demand range of $0.074 to $0.092 was accompanied by a relative demand and is currently trading in the range of $0.107 If the price can maintain this support , we can witness another attractive growth of this attractive cryptocurrency! The targets of this crypto are $0.125, $0.16890, $0.215, $0.297 and $0.39360 respectively! The expected yield of this cryptocurrency in the long term is more than 250%! 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
💎 LITECOIN (LTC) - New Investment Opportunities ! LONG ? With the new review of the #Litecoin chart after a long time, we see that the price is trading in the demand range of $80 and I expect it to start its strong growth soon from this range! The targets of this cryptocurrency are $92.5, $115, $200 and $268 respectively! The expected yield in the long term is something around 200%! 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
5
Ripple can make retest of support line and then continue growHello traders, I want share with you my opinion about Ripple. Looking at the chart, we can see how the price traded in the seller zone, which coincided with the resistance level, after which rebounded and rose a little. But then XRP turned around and started to decline back to the seller zone, and when the price reached the seller zone, it entered to triangle, where Ripple made a downward impulse from the resistance line to the support line, breaking 0.5900 and 0.4735 levels. After this movement, XRP bounced from the support line and in a short time rose higher than the 0.4735 support level, breaking it again, after which it turned around and declined to this level. Price some time traded close to this level and later it declined to support line of the triangle, which coincided with the buyer zone and then made a strong impulse up, thereby breaking the 0.4735 support level and a not long time ago exiting from the triangle pattern. At the moment, in my opinion, Ripple can make a retest, after the breakout and then continue to move up. For this case, I set my target at the 0.5600 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
2
HelenP. I Ripple can correct to support level and then bounce upHi folks today I'm prepared for you Ripple analytics. A few moments ago price started to decline in a downward channel, where it at once rebounded from the resistance line and in a short time declined to the trend line, which is the support line of the channel too, thereby breaking the 0.6435 resistance level. But later, the price turned around and rose to a resistance zone, after which it rebounded and some time traded below. Then XRP rose to the resistance level again, but at once turned around and in a short time declined to the trend line, which coincided with the support level and zone. Price even made a fake breakout of a downward channel, after which it soon backed up and continued to trades near the 0.4800 support level. Now, I expect that Ripple will make a correction to the support level and then start to move up. For this reason, I set my target at 0.5425 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
XRP - When To Buy MartyBoots here. I have been trading for 17 years and I am here to share my ideas with you to help the Crypto space. The Bull market is here Even tho the bull market is here XRP has not mooned yet . The ALTCOIN market has just hit a critical level , when this happens XRP can start its move higher . This needs to be watched carefully. In this video I talk about when it looks good to buy XRP for bull market. XRP To The MOON Please watch the video for more information
BITSTAMP:XRPUSDLong
by MartyBoots
4
💎 GTAI/USDT- Riding the Wave: GTAI’s Path in the Crypto SeascapBy examining the GTAI/USDT chart, we can see that in the past week, considering that the shadow of war fell on the crypto market, we saw the fall of many cryptocurrencies, and GTAI was not excluded from this fall! Bitcoin halving will happen in about 1 day and 10 hours, which can bring the market with heavy fluctuations, and if the price can show a positive reaction to the range of $1.60 to $1.77 and $1.26 to $1.45, we can expect more growth from this cryptocurrency! 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
Ripple XRP price. Global view of the chart on weekly timeframe😱If you believe in fairy tales that CRYPTOCAP:XRP can be worth $10 , then please prepare your psyche for the reality that #XRPUSDT has every chance of dropping to $0.20 Now, after a cold shower, let's take a look at the chart. According to the wave analysis, there is no final answer yet: has the bottom of wave -2- already been reached or is it still ahead? 👉 If the #XRPUSD price can't be pushed below $0.40-0.45 in the coming weeks, then there will be a ray of hope that the "bottom has already been there". This will mean that the price may eventually start to grow by blue scenario. 👉 If no one "holds" the price of #Ripple, then "hello" $0.20-0.21. If you buy XRP there, you will be officially initiated into the sect of "$10=XRP witnesses" founded by desperadoes people in 2017. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
⭐️ Ready, Set, Grow! Navigating the #Bitcoin Halving and Beyond!As you know, there are only 2 days and 10 hours left until #Bitcoin_halving and many are waiting to see how much Bitcoin will grow/fall after the halving ! Of course, in my opinion, after a correction, we can wait for the next upward wave of Bitcoin, and when Bitcoin is corrected or neutral, we will probably witness a new alt season! For this purpose, we will soon start examining new cryptocurrencies so that we can follow the next upward trend of this market! Note that there is a possibility of price correction up to $53,000 and $41,000. If the price falls to these ranges, you can think about buying again! The next upward targets of Bitcoin are $77,000, $85,000 and $100,000 respectively!
Long
by ArmanShabanTrading
5
Ripple can break support level and decline to 0.4480 pointsHello traders, I want share with you my opinion about Ripple. Observing the chart, we can see that the price some time ago, and started to trades in the range, where it at once rose to the top part of this pattern and some time traded near. After this, the price turned around from the top part of the range, and in a short time declined to the seller zone, which coincided with the 0.5680 resistance level, after which XRP bounced and tried to rise in the range. But, after it a little rose, the price turned around and made a strong impulse down to the support line, thereby exiting from the range and breaking resistance with support levels also. After this, XRP in a short time rebounded from the support line and rose higher support level, breaking it one more time. After this, Ripple made a little correction to the support line, but now XRP continues to trades near the 0.4835 support level. In my opinion, Ripple can make a little movement up and then rebound down to 0.4480, thereby breaking the support line and level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
2
XRP Recovers From Weekend Massive Decline up 3.20%The CRYPTOCAP:XRP cryptocurrency has recently experienced a noteworthy recovery, having surpassed its weekend low of $0.41 and climbed back above its $0.50 support level. The recovery can be attributed to a recent proposal by Ripple developers regarding the creation of a native lending protocol on the XRP Ledger. This protocol aims to enhance the platform's DeFi capabilities by enabling users to lend and borrow digital assets directly from the CRYPTOCAP:XRP Ledger. The native lending protocol proposed by Ripple developers, Aanchal Malhotre and Vito Tumas, focuses on three specifications: XLS-64d (Pseudo-account to track balances and issue tokens), XLS-65d (Single Asset Tokenized Pool), and XLS-66d (Native XRPLedger Lending Protocol, provide liquidity for assets). Liquidity providers would be able to deposit tokens such as CRYPTOCAP:XRP , wrapped Bitcoin (wBTC), and wrapped Ethereum (wETH) into a lending pool and earn interest. Pool delegates would manage these pools, attract capital, and provide loans. Borrowers and pool delegates would agree on loan terms off-chain and record them. The protocol would enable fixed-term loans and pre-set terms for interest accrual, thereby bypassing the need for off-chain underwriting, risk management, and a first-loss capital protection scheme in the event of default. If the proposal is accepted and the lending protocol goes live, it would promote financial inclusion, transparency, and efficiency on Ripple's native blockchain. Additionally, the protocol has the potential to attract developers to build and integrate lending Decentralized Applications (DApps) on the blockchain and address a wide range of use cases. However, developers are yet to announce a timeline for the proposal's implementation. Based on Technical Outlook, the altcoin has made a comeback above $0.50, having swept the $0.4188 lows for the first time since May. The $0.50 round level represents key support for CRYPTOCAP:XRP , as the altcoin has broadly sustained above this threshold since February. In the event of a decline, XRP price could find support at $0.4117 and faces resistance at $0.5310 (the 50% Fibonacci retracement of the altcoin's drop from the April 9 peak of $0.6431). The Relative Strength Index (RSI) has recovered from its decline below 30 (the oversold region) and climbed to 34.13 on Monday. However, the RSI continues to signal little momentum. The Daily Price chart shows an "Inverted Hammerhead" indicating bullish bias.
Long
by DEXWireNews
Ripple (XRPUSD) Falls But Not All Is That BadEASYMARKETS:XRPUSD Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EASYMARKETS:XRPUSD
by easyMarkets
Symmetrical Triangle on the monthly XRPUSD log chartAs usual, the logarithmic chart’s measured move target is much higher than the linear charts measured move target for the symmetrical triangle. We can see here that it is getting very close to the apex of the triangle on the monthly chart and should likely see some sort of a breakout by the end of June if not sooner. Target on logarithmic chart is around $11.47 for just the triangle alone, but that could take price action a longer amount of time to reach the full target of than it will take the linear chart’s symmetrical triangle to reach its full breakout target(which is much lower than $11.47). Wanted to post an idea of this log version of the symmetrical triangle to keep track of how it lays out more easily. *not financial advice*
CRYPTO:XRPUSD
by DrDovetail
XRP Dollar Cost Average Strategy (Update)Here's an update on the analysis which I posted back at the end of March. Just as I expected XRP prices dumped below the liquidity trendline! I am still bearish on XRP for the time being & we can see a clear trendline liquidity building up 7 being ready to get taken out. That is when I will look to load up buy positions. However, if this scenario don't work out, my orange zones is where I will look to Dollar Cost Average into buy positions. After a break above each orange zone, I will open a new position and buy XRP.
BITSTAMP:XRPUSDShort
by BA_Investments
1
Ripple can reach resistance level and try to break itHello traders, I want share with you my opinion about Ripple. By observing the chart, we can see that the price some time ago broke the resistance level, which coincided with the seller zone, and started to decline inside the downward channel, where it soon fell to the support line of the channel. Later price tried to rise, but failed and declined to the current resistance level, which coincided with the resistance area, after which it turned around and started to move up in an upward channel, thereby exiting from the past channel. In the upward channel, XRP rose to the 0.6275 resistance level and even entered to seller zone, but at once turned around and rebounded down to the support line, where it some time traded near and later made a strong downward impulse. Ripple exited from the upward channel and declined to 0.5620 level, but a not long time ago it broke this level too and even fell lower resistance area. Also recently, XRP turned around and rose almost to the resistance area, and now, in my opinion, Ripple can rise to the resistance level, after which it makes little correction. After correction movement, XRP can try to break the 0.5620 level, and if the price breaks this level, Ripple will continue to move up, therefore I set my target at the 0.5840 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
5