XRP Update: Waiting Game Between $0.47 and $0.56!
XRPUSD is neutral int he daily chart and as long as it is trading between $0.4722 and $0.5603, XRP will lack the momentum.
A bullish break-out of $0.56 will lead to $0.6642, a very important levels in different timeframes.
If Bitcoin will decline, XRP has a potential to revisit $0.4722, the daily support zone.
Below $0.4722 zone, XRP is the bearish.
Ripple
RIPPLE - After exiting from pennant, price can bounce upHi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊
A few moments ago price entered to falling channel, where it first reached resistance line and then continued to fall.
In channel, XRP broke $0.5360 level, which coincided with resistance area and declined until to support area.
After this, price made strong upward impulse to $0.5705 points, exiting from channel and breaking $0.5360 level.
But soon, Ripple turned around and in a short time declined to $0.4900 support level inside downward pennant.
Next, price bounced from support line of pennant and rose to resistance line and now tired to exit from this pattern.
In my mind, Ripple, after exiting from pennant, can make retest and then bounce up to $0.5440, breaking resistance level.
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$XRP RIPPLE consolidating in rising channel for 2years....CRYPTOCAP:XRP Ripple has been consolidating in this channel for 2years since June 2022 (Weekly Timeframe)
Current price: $0.52
Ripple's price action is currently outside the Rising channel, Only two things can happen:
1. Price action can reclaim rising channel and move to higher prices with resistances: 0.63, 0.74, 0.85, 0.95
Or
2. #XRP can continue to break down to retest major support around 0.4
💎 GTAI/USDT : “Rising Returns: GTAI/USDT’s Demand Zone Surge”Upon reviewing the GTAI/USDT chart in the 12-hour timeframe, we observe that the price has shown a positive reaction each time it entered the demand range of $1.68 to $1.80. Last week, as expected, this cryptocurrency initially underwent a minor correction and then we witnessed a 15% increase again! I still expect the price to show a positive reaction when it reaches this demand level again! The expected return in the short term is between 20% to 50%, and in the long term, it is over 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
EVERYTHING IS PUMPING, BUT NOT XRPThis is an old movie, every crypto is pumping but Ripple coin is still at the same price of years ago. I can honestly say that it's pretty frustrating (XRP is a part of my bags, but hopefully a little part) and i think it's worse for who has a big bag of XRP. It's a clear manipulation, some big players are keeping the price low for a reason. Probably we will see a mega pump as soon as the legal case will be over. I expect a new ATH this year, and i start taking profit there only. Looking at the chart, you can see that the price is ranging again above the main trendline. I expect an upside moves at least till the first resistance area i drawed
Ripple can make correct move and then start to move upHello traders, I want share with you my opinion about Ripple. Looking at the chart, we can see how the price rebounded from the support level, which coincided with the buyer zone and support line to the resistance line. After this, the price made a little correction and then in a short time rose to the seller zone, breaking the resistance level, where it some time traded and later rebounded higher. Soon, XRP broke the resistance line, but at once turned around and started to decline inside the downward channel, where it later broke the support line and soon 0.5310 level too. After this, the price in a short time declined to the support line of the channel, after which rebounded and rose to the resistance line, but at once turned around and fell to the support level. A not long time ago, the price rebounded from the 0.4890 support level and in a short time rose higher resistance line, thereby exiting from the channel. So, at the moment, I think Ripple can make a correction move, after which turn around and start to grow. Therefore I set my target at 0.5225 points. Please share this idea with your friends and click Boost 🚀
HelenP. I Ripple can turn around and start to grow to $0.5345Hi folks today I'm prepared for you Ripple analytics. Some days ago price declined to the resistance level, which coincided with the resistance zone, and at once rebounded and started to grow. After the price a little rose, it turned around and started to decline. Also later XRP reached the trend line and made a strong impulse down to 0.4190 points, thereby breaking 0.5720 and 0.4780 levels. But soon, Ripple turned around and rose higher to 0.4780 level, which coincided with the support zone, breaking it again. After this, XRP continued to rise and reached a later resistance level, after which rebounded and in a short time declined to the support level. As well, price formed a triangle pattern, where it rebounded from the support line, which coincided with the support level and rose to the trend line, which is the resistance line of this pattern also. Then it declined to support line and recently exited from the triangle, and just now continues to decline. For my mind, Ripple will decline a little more and then rebound up to the trend line. Therefore I set my target at 0.5345 points. If you like my analytics you may support me with your like/comment ❤️
Waiting for Ripple (XRPUSD) to make a move#Ripple EASYMARKETS:XRPUSD
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XRP's Limbo: Will it Break $0.56 or Plunge to $0.47?XRPUSD daily sentiment remains neutral with XRP staying below $0.5603.
A bullish break-out of $0.56 is needed to push price higher to $0.6642, a very important daily and weekly resistance levels.
As long as XRP is trading below $0.5603, the potential to revisit $0.4722, the daily support zone, remains valid.
Below $0.4722 is the bearish territory for XRP.
💎 GTAI/USDT : The GTAI/USDT Surge to New Heights ! Agree ?Upon reviewing the GTAI/USDT chart, we observe that the price began to rise following our last analysis and achieved the expected return we anticipated. The short-term expected return was between 20% to 50%, and the price managed to increase by more than %26, reaching up to $2.30! It’s likely that after a minor correction, we will see the price grow again.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Ripple up to 3$ this year?👀Hello, dear friends!
Ripple (XRP) has been forming a massive triangle pattern since 2018, indicating a potential breakout to the upside towards the $2-3 level. This makes holding Ripple in your portfolio particularly relevant.
The prolonged consolidation period reflected in Ripple's price chart suggests a significant accumulation of market forces. This triangle pattern typically signifies a period of indecision, with buyers and sellers balancing each other out. However, as the pattern nears its apex, pressure builds, often resulting in a breakout. In Ripple's case, a breakout to the upside is anticipated, given the historical bullish momentum of the cryptocurrency market and the positive sentiment surrounding Ripple's technology and partnerships.
💥To confirm the typical price movement of Ripple, it is worth examining the formations and breakouts from similar triangles in the past.
2017👇
2018 👇
For traders and investors, the breakout from this triangle pattern could present a lucrative opportunity. A decisive move above the upper trendline of the triangle, coupled with strong volume, would confirm the bullish bias. Traders may consider initiating long positions targeting the $2-3 range, while investors could view this as a validation of Ripple's long-term potential and consider increasing their exposure to the cryptocurrency.
It's important to monitor key levels and indicators to confirm the breakout and manage risk effectively. Additionally, staying informed about developments in Ripple's ecosystem, regulatory changes, and broader market trends will help navigate the evolving landscape of cryptocurrency investing. Overall, the formation of this triangle pattern on Ripple's chart underscores the importance of technical analysis in identifying potential trading opportunities and optimizing portfolio allocation strategies.
Thanks for Your attention 🫶
Always sincerely with You, Kateryna💙💛
XRP Intriguing Intraday: Slow Moves Ahead or Breakout to $0.55?The intraday chart is slow and choppy.
1. A downward move to $0.5044, followed by bullish rejection, could propel XRP's price back to $0.5276, however price action is likely to be sluggish and choppy.
2. A bullish momentum and a breakout above $0.5276 will lead XRP to $0.5549.
3. Conversely, a dip below $0.5276 may intensify bearish sentiment towards $0.4770.
More details in the signature!
Ripple & XRPL Labs Joins DeRec Alliance as Founding MembersRipple and XRPL Labs have joined Hedera developer Swirlds Labs and the Algorand Foundation as founding members of the Decentralized Recovery (DeRec) Alliance. The alliance aims to standardize and expedite digital asset recovery in the web3 industry, particularly for crypto non-experts. The DeRec Alliance was founded by Hedera co-founder Leemon Baird to provide an open-source process for expediting digital asset recovery.
Members collaborate on developing a new interoperability recovery standard applicable to a wide range of users, especially those without crypto expertise. The alliance was initially partnered in January this year by the Algorand Foundation and Swirlds Labs. Founding members offer feedback on the alliance's policies and governance structure and hold a two-year seat on the Technical Oversight Committee.
The protocol establishes a standard system of secret management among designated helpers, recovering secrets without sharing information about the secret itself. As mass retail adoption continues, advanced yet user-friendly solutions for key recovery are essential. The DeRec Alliance comes at a critical moment, uniting experts to enhance interoperability and simplify the user experience without compromising security.
Technical Outlook
The SEC vs. Ripple lawsuit has been ongoing, with both parties filing their reply briefs and supporting evidence. The SEC's redacted reply brief to Ripple demanded a $2 billion penalty, while Ripple believes it should amount to a maximum of $10 million. The court is expected to rule on the penalties for Ripple in May. CRYPTOCAP:XRP is currently stuck between the $0.57 and $0.50 range for over one week, with the altcoin facing sticky resistance at $0.53.
RIPPLE - Price can exit from pennant and rise to $0.5330Hi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊
Recently price entered to falling channel, where it in a short time declined to support line, breaking $0.5075 level.
But after this, XRP made upward impulse, breaking $0.5075 level, again, and exited from falling channel.
Then price continued to grow inside rising channel until reached $0.5410 level, after which made correction move.
XRP bounced up from support line of rising channel and broke $0.5410 level, after which soon exited from this channel.
Next, price started to decline inside pennant, where it broke $0.5410 level again and declined to almost support line.
Now, I think that Ripple can bounce up from support line to $0.5330, thereby exiting from pennant.
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📉 XRP AND THE FALL TA / IN DEPTH 📉📉 Hey hey, been a couple days since the last idea, wanted to make a quick follow up and take a look at what's going on and happened since our last post. As always thanks for being here and coming by, I really appreciate you guys of course.
📉 In the last idea we pointed out this resistance at that 0.534 level where we had already seen two rejections and we we're looking to see what our chart would do next after falling below that ascending support level that we'd drawn up with the blue lone as shown below, this is the chart. link to the last idea:
📉 I pointed out in the last idea how we had fallen below the ascending channel, this horizontal support which again as shown in blue was helping to push us up in price action. We can see just what kind of battle we had as a result, I've extended the blue line from the last idea with a black line to highlight the before, after and we can see that even then the line's role still played a part in price action as we saw this wild fight between bear's and bulls.
📉 Personally it seems like the biggest fight was over the 20,50 EMA. On the 6th we can see how just when that 20 EMA was about to flip with the 50 EMA we got this massive price boost, buy in, seems like it was a whale, institutions attempt to help bulls avoid seeing a convergence of the EMA's which ultimately did end up happening just about a day later which has led to the creation of this descending channel and that's been the main catalyst for our reversal.
📉 Sure we got the rejection at 0.56, that makes total sense, we formed a new high on the local timeframe and understandably some traders, whales probably took profits, closed positions leading to this reversal and taking advantage of the quick price jump. Since then we've seen our 20, 50 EMA flip and lost the 200 EMA in the process.
📉 Main thing to watch is this descending channel, I'm looking to see if we get this breakout from the descending channel. If we get that breakout then as past price action has told us historically we'll more than likely see price recover and that'll give us this sort of catalyst for our next move up. That is of course granted we break out of the descending channel and can regain the 200 EMA in the process as well, bears will fight hard to prevent that so definitely keep an eye and feel free to add the lines to your own charts. I've added the two black lines to highlight our descending channel.
📉 Didn't want to keep this idea too long, just wanted to do a quick analysis as what we're looking at, what's happened and what could possibly come up soon. I personally see us retesting 0.515 like we last did on the 3rd, if we can bounce off that it should be positive but if we fail and continue down within this descending channel then we'll have to consider 0.50 and 0.492 should should traders want to take profit, close positions, mainly due to psychological factors so definitely set some alerts for those level's if you'd like. I will be doing the same as well as for the ones above our current price point of course, always good to know our top and bottom.
📉 Thanks for coming by as always and taking the time to read through my ideas, especially if you've made it this far, I try to keep things short but it's always fascinating taking an in depth analysis at prices and identifying why some things happen and what possibly can happen, no complaints though, it's helped us identify and formulate things a lot simpler. Thanks as always for joining me today, appreciate you guys and feel free to leave a like and follow to keep tuned! Thank you and till next, many blessings. 🙏
~ Rock '
💎 ETHEREUM (ETH) - Investment Opportunity (READ THE CAPTION)Upon analyzing the #Ethereum chart on a weekly (logarithmic) timeframe, it is observed that the price had grown by 169% from October 20, 2023, to March 11, 2024, reaching $4090, before finally experiencing a drop and correcting down to the $3000 range. After a correction, it is likely that we will see Ethereum grow back to its previous high of $4850. The long-term targets for Ethereum, in order, are $5000, $5500, $6600, and $8500.
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
Ripple XRP Intraday Trade Setup XRP pushed through $0.54 failed to sutain price action above it and now is having a bearish pullback.
However, as long as it is trading above $0.5276, a re-test of $0.5549 is very likely.
A bullish break-out of $0.54 will offer more upside towards $0.5549 and, possibly, higher to $0.5790.
Another re-test of $0.5276 followed by a bullish rejection and a break-out of $0.54 will lead XRP price to $0.5549 and, possibly, higher to $0.5790.
Find more details in signature!
XRP : Decision moment📊Analysis by AhmadArz:
🔍Entry: 0.5216
🛑Stop Loss: 0.4564
🎯Take Profit: 0.5623 -0.5911 -0.6371 -0.6717
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
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Ripple can continue to decline to 0.5065 support levelHello traders, I want share with you my opinion about Ripple. Observing the chart, we can see that the price some time ago started to decline inside the downward channel, where it soon broke the resistance level, which coincided with the seller zone and fell to the support line of the channel. After this movement, Ripple continued to decline in the channel and reached a support level, which coincided with the buyer zone, and even soon broke it too and declined more. But later, XRP turned around and made a strong impulse up from the support line, thereby breaking the 0.5065 support level again and exiting from the downward channel also. Then price continued to grow and even later reached a resistance level, but not a long time ago rebounded and declined to the support line. Also recently, XRP broke this line and now it continues to decline, so, in my opinion, Ripple can make a little movement up and then continue to fall to the 0.5065 support level, which is my target also. Please share this idea with your friends and click Boost 🚀
XRP's Roadmap to Recovery: Opportunities, Risks, and ForecastXRP, the native digital currency of the Ripple payment protocol network, reached its pinnacle at $3.84 on January 4, 2018, marking an astonishing surge of nearly 40,000% over the preceding 12 months.
However, its current trading value hovers around $0.50. Much like several other smaller altcoins, XRP witnessed a wane in interest as escalating interest rates tempered the fervor in the cryptocurrency market. Additionally, it encountered formidable hurdles stemming from regulatory shifts and intensified competition within its ecosystem. Nevertheless, could XRP regain its momentum in the years ahead, potentially transforming a $10,000 investment into over $1 million?
In 2012, a startup initially known as Opencoin (later rebranded as Ripple Labs) introduced Ripple as a payment protocol network crafted to facilitate real-time gross payments, remittances, and currency exchanges. Operating on its blockchain-based ledger, the platform promised secure, immediate, and nearly cost-free global financial transactions of any scale without the risk of chargebacks.
Currently, financial institutions such as Travelex Bank, Tranglo, and Sentbe leverage Ripple's payment protocol network. However, the adoption of Ripple's XRP cryptocurrency for payments has not mirrored the levels witnessed with Bitcoin or Ether.
While Ripple was once hailed as an innovative payment processing solution, it now contends with robust competition from akin blockchain networks like Ethereum, renowned for hosting a broader spectrum of decentralized applications and tokens, and Solana, recognized for its swift transaction processing and reduced fees.
Meanwhile, in late 2020, the US Securities and Exchange Commission (SEC) lodged a lawsuit against Ripple and two executives, alleging the raising of $1.3 billion through an XRP token offering, deeming it an unlawful sale of unregistered securities.
Despite a US judge ruling last July that XRP tokens were not categorized as unregistered securities, prompting the SEC to retract its lawsuit against the executives, a conclusive trial between the SEC and Ripple commenced in late April. This trial is anticipated to extend over several more months before a definitive verdict is reached. The prevailing uncertainty is likely to present the most significant immediate challenge for XRP this year.
Furthermore, elevated interest rates pose another substantial impediment for XRP and most other cryptocurrencies in the foreseeable future. Earlier this year, numerous cryptocurrencies rallied as investors anticipated gradual interest rate reductions by the Federal Reserve. However, these aspirations were dampened by inflation reports exceeding expectations, casting a shadow over the cryptocurrency market's outlook.
Should XRP's value surge by 668% to reclaim its all-time high of $3.84, a $10,000 investment would yield $76,800. Projections from Digital Coin Price suggest XRP may revisit this peak by 2030. Conversely, Cryptonewsz.com holds a more optimistic stance, forecasting XRP to ascend to $9.81 by 2030, potentially transforming a $10,000 investment into over $196,000.
Nonetheless, for XRP to achieve millionaire-making returns from a $10,000 investment, it would necessitate a 100-fold increase. Even the most bullish forecasts fall short of this mark. Last June, crypto hedge fund manager Thomas Kralow predicted XRP's price would reach $30 by the conclusion of 2023. While this would have represented a remarkable 5,900% gain from $0.50 and translated into a $10,000 investment yielding $600,000, many skeptics questioned the feasibility of Kralow's projection. A $30 price target would elevate XRP's market capitalization to $3 trillion, surpassing the combined value of all other cryptocurrencies in the market.
Although XRP's price attained $0.64 by the close of 2023, it has since receded by approximately 20% this year. Investors remain apprehensive about unresolved regulatory concerns, macroeconomic headwinds, and its capacity to contend with newer blockchain networks like Ethereum and Solana.
Consequently, it appears improbable that XRP will furnish millionaire-making returns by the decade's end. Nevertheless, there exists potential for it to double, triple, or even quadruple in value if it secures a decisive legal triumph against the SEC and benefits from interest rate reductions by the Fed. In essence, XRP could still present promising long-term prospects for investors willing to endure the near-term volatility.
⚡ XRP AND A QUICK TA! ⚡⚡ Alright, we're gonna keep things quick and simple today.
⚡ In the last idea we identified what seemed to have been a new resistance trend line and that indeed has been the case, it's simple enough to spot the effect as a result, we've seen prices pushed down right to that low point at the start of May.
⚡ It's there that we see the horizontal levels did indeed put in the work, as we retested 0.485. Once we found support there bulls took a firm grip and we we're finally able to get that breakout above the resistance trendline and that with our 20/50 EMA helped us recapture the 200 EMA to explain ripple's price action in a short and simple fashion. We we're stuck below the resistance, then we hit rock bottom, support and pulled up achieving this breakout that's helped us get back up basically.
⚡ I've encircled two points at 0.534 and 0.5378 or 0.534 to round things up. 0.534 is going to be our current point of interest. Since we already had an attempt at 0.534 before failing to break above the resistance line that made it all the more challenging for us to continue once we hit it again for the second time ultimately failing to regain higher ground.
⚡ Bulls will have to break that in order to push higher so I'd set an alert there and for 0.526 since that seems to be our local support, price action could have us seeing a horizontal channel form as bears and bulls fight to keep above that 200 EMA, or below depending on which team your on of course. So keep an eye out for the 200 EMA line, that'll be the bearish confirmation if we fall below and bullish if we can manage to keep above and avoid seeing those 20/50 EMA lines flip.
⚡ One last note is the blue line, that's basically a support line we've identified, it's also the reason XRP avoided losing the 200 EMA on the 3rd of May when we bounced off that line so it's definitely important to note that with us now being below the line things are technically bearish but whether things actually play out bearish or not will depend on who wins over the next few days and if we keep below the line or can regain ground above it though it'll be a challenge of course, but then again. Nothing is impossible, this is crypto after all.
⚡ Said I'd keep this idea short and that's it, I'll be posting more over the week so feel free to leave a like and follow to keep tuned, I simply wanted to give a quick summary of things and an idea of what we're looking at currently. Either way as things stand, I'm sure thing will heat up over the next few weeks, haven't had much movement following Bitcoin's halving so I'm curious to see what could be in the works. Thanks as always, and best wishes and blessings till next!
~ Rock '