💥 XRP GETTING READY TO SPRING? READ 💥💥 Been a pretty interesting week everything considered, Bitcoin managed to hit that $45,000 mark only to be hit with a flash crash following a rather innocuous article coming out on behalf of an author from Matrixport who gave their thoughts on why they think the SEC will reject a spot Bitcoin ETF once again which promptly spooked the market into a rather quick sell-off which recovered just as quick. Below is a link to that matrix article for reference.
www.matrixport.com
💥 Main catalyst here was the fact that off that article which spooked investors some whales definitely sold rather large positions across the crypto market prompting the fall which was only sunk further due in part to Long future positions being liquidated which created a domino effect and cascade. We've seen this before and this time was no different. This was Bitcoin's biggest drop in over a month with nearly $700 million in liquidations over the 24 hour period of January the 3rd. Bitcoin accounted for $170 million of that and all of the data is thanks to Coinglass of course. Here's a link below to a reference article.
cryptoslate.com
💥Anyway, that dragged the market down before we got a prompt recovery though that doesn't mean we got out of the waters. Since the drop we've struggled to break back above 0.60 with us then forming this line of resistance helping to make up the current descending triangle we're in at the moment. I've added that in accented black lines below to display the triangle. And below are two option's or cases with breakouts happening to both the upside as well as the upside for visual representation.
💥 A breakout is definitely what traders are waiting for right now, we've seen this time and time before especially with XRP, for whatever reason XRP love's these descending triangles after those big mountain falls and more than likely we'll get a spring back up which could help us see 0.60 broken should traders get that confirmation and regain the 200 EMA which we also have drifted far apart from, a meeting soon could be due. Below is a quick reference to the same descending channel from yesterday:
💥 Also watch 0.571 to 0.584, that's the second horizontal channel since we've fallen and has also been our main resistance at 0.571 since we fell out of that channel itself. We get that break out and break back into the second channel we'll probably have a pretty good chance at facing 0.59 and possibly breaking 0.60 too in the process. Here's a chart of the second channel from yesterday. I wasn't able to finish the post hence the title.
💥 There's no guarantee though, that's just a possibility as always till it happens, so just as we can get that breakout to the upside we can get rejected and get a breakout to the downside past that 0.560 level of support. Personally I see the chances of that being relative low unless we got some new update or negative article out regarding crypto or Bitcoin.
💥 XRP has a lot of support at 0.55 as this flash drop highlighted with that sharp pullback up and has managed to keep above 0.56 ever since then only having it's wick dip down below in a few instances. I'll keep the idea short and leave it here for now, I'm sure you all have a lot going on today but wanted to get some objective thoughts and a couple possible ideas of what our next move's may be looking like.
💥 With that all being said I appreciate you guys for sticking by my side, especially if you've made it this far in the idea. Thanks for taking the time to read some of my thoughts, hope you all are doing great as always, wishing nothing but the best till next! WE got this!
~ Rock '
Ripple
Ripple can exit from triangle pattern and then continue to growHello traders, I want share with you my opinion about Ripple. Observing the chart, we can see that the price some days ago started to trades in a downward channel, where it first declined to the support line of the channel, and then XRP rebounded up to the resistance line, breaking the 0.6230 level. But soon, the price bounced from the resistance line and in a short time declined to the support line, breaking the resistance level again. After this movement, Ripple bounced from the support line and rose to the seller zone, but the price couldn't fixed and later made a strong downward impulse to 0.5000 points, thereby one more time breaking the 0.6230 resistance level and exiting from the downward channel. After this movement, XRP started to trades in a triangle, where it bounced from the support line and rose higher than the 0.5565 support level, which coincided with the buyer zone. But a not long time ago price declined back to the support line and now trading near. So, possibly Ripple can break the resistance line, thereby exiting from the triangle, and then will continue to grow. For this case, I set my target at the 0.6050 level. Please share this idea with your friends and click Boost 🚀
Scalp trading (XRP)📊Analysis by AhmadArz:
buy in support reng
🔍Entry: 0.559
🛑Stop Loss: 0.552
🎯Take Profit: 0.567
🔗"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."
🚀Please boost and💬 comment to share your thoughts with us!
HelenP. I Ripple will fall little and then rebound up to $0.5930Hi folks today I'm prepared for you Ripple analytics. A not long time ago price started to trades in consolidation, where it firstly tried to rise, but soon declined until to resistance zone, breaking the 0.5930 resistance level. But in a short time, XRP rebounded from this zone and some time traded near the resistance level, after which it finally rose to the top part of the consolidation. Then Ripple made little correction, and in a short time rose back to the top part, but later it rebounded from this part and started to decline to the resistance zone. After the price declined to the resistance zone, it broke the 0.5930 level again, and soon XRP made a strong impulse down to 0.5000 points, thereby exiting from consolidation. After this, the price in a short time rose back to the resistance zone, reached the resistance level and recently it started to decline. At the moment, XRP trades below the resistance zone and I expect that Ripple will make one more movement down and then rebound up to the resistance level. That's why I set my target at this level - 0.5930. If you like my analytics you may support me with your like/comment ❤️
XRP Analysis and Trading Plan for 2024 📊Hello TradingView Family / Fellow Traders,
On Daily: Left Chart
XRP has been hovering inside a significant range between 0.55 and 0.75, and it is currently retesting the lower bound of the range.
Moreover, it is approaching the lower red trendline of the channel that XRP has been respecting for a couple of weeks now.
🏹 Hence, XRP is situated around a strong area to look for buy setups as it is the intersection of the blue support and the lower red trendline.
Thus, we will be looking for buy setups on lower timeframes as long as the 0.54 support holds.
On H4: Right Chart
📈 For the bulls to take over in the short term, we need a momentum candle close above the last minor high in green at 0.592.
And then, for the bulls to remain in control from a medium-term perspective, we need a break above the last major high in red around 0.66.
📉 Meanwhile, until the bulls take over, XRP would be bearish, and if the 0.54 support is broken downward, we can expect a bearish continuation towards the 0.45 - 0.5 weekly support zone.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
XRP - The Correction Will Be Prolonged Here's Why...In this update, I endeavor to clarify our current position within Wave B of Wave iv within the broader downward movement of Wave E. The intricate, fractal nature of the waves might make the explanation less straightforward, but I strive to present the material as clearly as possible. Going forward, I will ensure clearer labeling for better comprehension.
It's increasingly evident that this correction will unfold gradually, so caution is advised against news articles proclaiming an imminent breakout. Many analysts tend to be incorrect in their predictions, as you may have noticed by now. The most reliable indicator remains price action.
XRP is bearish for the medium termWe are in a large diametric pattern, and we are now in the F branch of this large diametric.
The F branch itself has become another diametric (or symmetrical) which is now in the G wave (we are the last wave).
We expect to have a mid-term rejection from the red box downwards
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
XRP - THE ROAD TO 1.20-1.30$ EXPLOSION FOLLOWED BY CORRECTIONXRP is holding 0.55$ Support area after the recent liquidation.
If it maintains at this level, we can continue with the movement and climb up towards 1$ at least.
The conservative de-risk play, would be around 1.07-1-13$ . While most ambicious one is around 1.20-1.30$.
This triangle is in play and we are in PHASE D. This is why is still have this impulse left towards a dollar and above.
After that, I can say we may visit again the 0.60 territory. This may sound crazy, but this is how the overall cryptomarket is looking.
We are in the Wave 3. Once this finishes, Wave 4 corrective, A,B,C comes. Therefore, we must prepare to capitalize even more.
**PREPARE NOW. GET INTO POSITIONS. HOLD AND DO NOT DOUBT**
🔥 BTC/USDT - Ready for LONG ?By checking the Bitcoin chart in the 2-hour time frame, we can see that the price is still correcting in the range of $42,300 as we expected, and it even managed to fall to $41,300! I hope you have made the most of this analysis! If the price stabilizes above $41,300, I expect that Bitcoin can grow to levels above $44,700 this time, and the mid-term targets of this cryptocurrency will be $45,900 and $47,450, respectively!
Please share your opinion about the possible trend of this chart with me and support us with your likes and comments.
Best Regards , Arman Shaban
XRP - I Believe This Count Explains Why It's Taking So Long...In preparation for the upcoming significant bull market rally for XRP, my objective is to formulate an exceptionally bullish interpretation without compromising the analytical integrity. I believe I have achieved this with my latest perspective, elucidating the reasons behind the choppy price action since the commencement of the downtrend in April 2021. Employing the AriasWave methodology, I meticulously detail each wave, adhering to the established guidelines that elucidate the downward trajectory since that pivotal period. While I initially mentioned discussing the XLMXRP crosspair chart in this video, I've decided to reserve that topic for the subsequent video.
XRP Whale Shifts 28 Mln XRP To Bitstamp; Price To Hit $0.64?In a significant development that has sent ripples through the crypto community, a whale executed a massive shake-up in their XRP holdings, transferring millions of dollars worth of XRP coins in the last 24 hours.
The development indicates a surge in CRYPTOCAP:XRP whale activity while sparking speculation about its potential impact on the altcoin’s price and the crypto market.
Whale Transfers 17 Million Worth of XRP to Bitstamp
An anonymous whale on Tuesday moved 27.7 million XRP tokens from an undisclosed wallet—worth nearly $17.26 million at current market prices—to Europe-based cryptocurrency exchange Bitstamp. The transaction was flagged by blockchain tracker Whale Alert. However, CoinGape couldn’t confirm whether the whale in question was an individual or a company.
Furthermore, on Jan 1, at least 800 million XRP tokens were locked in escrow at Ripple – the company behind the XRP cryptocurrency – according to Whale Alert. Since Ripple controls more than 50% of XRP’s total supply, many argue that Ripple’s blockchain is more centralized than that of its peers.
The enormous transaction, involving over 27 million XRP tokens, is not an isolated incident. Whale Alert has flagged several such transactions involving XRP in the past, with whales offloading a significant amount of their XRP holdings last year. Last December, CoinGape reported that whales relocated over 70 million XRP tokens, valued at over 45 million.
XRP Price Surges 2%, Is $0.64 Within Reach?
The influx of XRP tokens into crypto exchanges signals that the investors are planning to sell the asset. However, that remains unclear as it’s difficult to ascertain what happened to the asset once it reached the exchange. At press time, the XRP price stood at $0.634, up more than 2% in the last 24 hours. It could be reasoned that XRP whales are on the move to lock in profits amid the recent price rally.
RIPPLE - Price can exit from pennant and continue to declineHi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊
Some time ago price bounced from $0.6085 support level, which coincided with support area, and started to trades in flat.
In flat, Ripple rose to top part, but soon made correction back to $0.6085 level, after which it made upward impulse to resistance level.
Also then, price exited from flat and later bounced from $0.6400 level, making fake breakout and starting to fall.
XRP declined to support level, and at once made impulse up higher than $0.6400 level, but later it declined back.
As well, price started to trades in pennant, where XRP continues to trades near support line now.
In my mind, Ripple can rise a little and then bounce down to $0.6180, thereby exiting from pennant.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
XRP LOOKS BULLISHConsidering the lack of drop in the timeframe we have considered, XRP seems to be in the build-up phase for another jump. Because the movement after the intended pattern was not realized
The previous scenario is declared expired and we have no bias on the analysis. The previous scenario was diametric, but we may be facing a symmetric one, which means that xrp is not ready to drop yet.
By maintaining the green range, it can move towards the specified TPs.
The safe buy range is the green range, which allows us to have a logical buy/long setup on xrp.
Do not enter the position without capital and leverage management and stop setting
🥂 Happy New Year! Here's to 2024 and a Goodbye to 2023! 🥂🥂 It's with pleasant thoughts and a blissful peace that I'm happy to write up these few words for you guys, I can't believe today's the last day of 2023 and soon enough we'll be in 2024.
🥂 It is with great honor and pleasure that I'm able to say it's been a good year, sure it's had it's moments and could have been better but it's in those good moments that I learned a lot and gained some great memories. I'm grateful for my family, my kids, my blessings and more. This year has taught me to be grateful and count my blessings amongst all things else.
🥂 I wish nothing but the best for each and every single one of you guys as well as trading view which has allowed me to have this wonderful community, it's crazy to think that less than a year ago this family had less than a dozen people, and now I've got 684 followers or family members as I like to call you guys! It's been a crazy run up but I can't wait to see what the next year holds in store for us! I've got a feeling it's gonna be something especially worth.
🥂 For a quick technical aspect on things, we're still trending with this sort of back and forth wave between 0.60 and 0.65 as we keep getting smacked down whilst breaking 0.65. If I had to guess, as usual it'll likely be some more news that will be our catalyst for a rise and break past 0.65 but regardless I've got no complaints. I'm happy to keep stacking and sitting patiently. After all, patience is a virtue.
🥂 With this being my last post of the year. I'd like to wrap up this year on a happy note and give my blessings and thanks for each and every single one of you guys, this year will do us all much good, I know it and we deserve it. Here's a quick toast to each and every single one of you guys, let's wrap up 2023 and make the most of 2024! Till then, see you all next year!
~ Rock '
Ripple can make one more correction move and then bounce upHello traders, I want share with you my opinion about Ripple. Looking at the chart, we can see how the price started to decline a downward channel a few times ago, where it broke the 0.6800 resistance level, which coincided with the seller zone, and then fell to the 0.5900 support level, which coincided with the buyer zone. Also soon, the price broke the 0.5900 level too and declined to support line of the channel, after which it rebounded and made a strong upward impulse to the resistance level, thereby exiting from the channel and starting to trades in the range. After this movement, Ripple rolled down from the seller zone and declined to the support level in the range. But a not long time ago, XRP rebounded from this level and in a short time rose to 0.6580 points. And recently, the price bounced down and now I think that Ripple can one more time a little decline and then continue to move up. So, that's why I set my target at the 0.6600 level. Please share this idea with your friends and click Boost 🚀
HelenP. I Ripple can break trend line and then fall to $0.6050Hi folks today I'm prepared for you Ripple analytics. A few days ago price rebounded from the support level, which coincided with the support zone and made a strong impulse up to 0.7000 points, thereby breaking the 0.6450 level. But after this, XRP in a short time declined back, and even fell to the support zone, after which it at once rebounded and started to rise. When Ripple rose to the resistance level, which coincided with the resistance zone, it made impulse down to the trend line, breaking the 0.6050 support level. Then the price bounced from this line and started to move up back and soon, it broke the 0.6050 level again, made a retest, and later rebounded up to the resistance level. After XRP reached this level, it made a correction to the trend line and then reapeted movement up to 0.6450 level, but recently it fell back to the trend line. At the moment price trades near this line and I expect that Ripple can break the trend line and continue to fall to 0.6050 support level, therefore I set my target at this level. If you like my analytics you may support me with your like/comment ❤️
XRP, breakout mode? XRPUSDT / 1W
NEARUSDT / 1W
Hello Traders, welcome back to another market breakdown.
XRPUSDT is one of the charts I'm waiting for confirmation then pul-back. The price seems to be forming a triangle which is a beakout mode.
Checkout the chart for where I would like to get a spot entry.
Trade safely,
Trader Leo.
XRP to breakout to 0.87 for XMAS 12.25.2023 XRP/usdNot sure why there is such low volume on CRYPTOCAP:XRP but the sentiment is still the same IMO.
The Crypto winter is HERE
I think XRP is potentially being manipulated by the alphabet boys SEC.
CRYPTOCAP:BTC is in an upward channel to test 50K
CRYPTOCAP:ETH has broken out to test 2500
Why is CRYPTOCAP:XRP so stagnant???
We have taken out the sub .60 lows, and tested .70 2x in NOV
The confluences are aligning and its only a matter of time before the impulsive bull run.
.81-.87 is the target which is is 1:5 Risk:Reward ratio as posted.
LOAD THE BUS we going NORTH!
*This is not Financial advice, simply my own analysis and opinion DYR*
#XRPtotheMOON
Ripple $XRP Xrp Cup and handle Pattern... Breakout?CRYPTOCAP:XRP currently in a falling channel of it's Cup and handle Pattern!
Current Price: $0.63
A break out of the channel will lead to Neckline resistance (0.71-0.73)
A break above neckline resistance will lead higher resistances: 0.81, 0.89, 0.97
If #Xrp cannot break above neckline resistance then expect a retest of previous supports!
RIPPLE - Price can little decline and then start to move upHi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊
When price entered in triangle, it first bounced from support line and rose to resistacne line, breaking $0.6520 level.
XRP in a short time declined lower than this level, exiting from triangle and starting to trades in flat.
In flat, price fell to support level, which coincided with support area and even made fake breakout, but soon backed up.
Then Ripple made upward impulse to $0.6520 resistance level, broke it, exiting from flat too, and entered to wedge.
Inside wedge, price fell from resistacne line to support line, but recently it rose to resistance line back.
In my mind, Ripple can fall a little more and then bounce up to $0.6800, exiting from wedge and breaking resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
XRP is ready for a new triangleXRP has been forming triangles that start with spikes for a long time. Its conflict with the SEC and lawsuits prevented it from fluctuating and followed a boring chart.
However, with new agreements, XRP continues on its way. In the coming days, news of a new deal or a statement about SEC lawsuits may cause a sudden rise and create a new triangle formation. Because we are about to come to the end of the current one.