XRPUSD, Crypto GEM is About to Form a Huge Bullish Breakout.Hello There!
Welcome to my new analysis of XRP from the daily timeframe perspective. XRP recently caught my attention because it is forming a hugely bullishly inclined formation that has the potential to convert into a massive bullish breakout once the formation has been finalized. Especially as the XRP number is growing further and XRP is becoming more and more popular this is a bullish sign adding to the current scenario.
When looking at my chart now XRP is forming a highly important formation here which in almost all of the cases is a sure indication of a major bullish breakout to follow through. This formation is called a bullish descending wedge formation and such a formation is completed once the wave count from A to C has completed with the final wave C and the bounce in the lower boundaries.
Currently, XRP is already approaching the main structure support levels from where a major bounce is likely to follow through within the next times as it is marked within my chart. Once XRP has done so the final bounce above the upper boundary of the descending wedge is going to mark the fundamental origin of a huge bullish expansion wave to follow up into the upper directions.
Once the whole bullish descending wedge formation has been finalized this will activate the minimum target zones seen within my chart in the upper boundaries of the primary bullish channel formation. Once the final target zones have been reached and the bullish volume and momentum hold on XRP will easily move above these levels and accelerate the trend dynamic.
Thank you everybody for watching my idea about XRP! Support is greatly appreciated.
VP
Ripple
This Is The Crucial Formation Which Will Determine XRPs Outcome!Hello, Traders Investors And Community, welcome to this analysis about recent events, the current price-action and the huge massive formation ripple is developing which will show the outcome within a highly possible likelihood as a volatile market-move because this is the property that formation inheriting. As already mentioned in past analysis the cryptocurrency-space is sending a lot of differential signals in the individual currencies, while some look more bullish like ethereum there are some which looking more bearish than bullish like ethereum or bitcoin cash. This not only the factor of the sorting out in the inflationary market with over 1000 currencies similar to those mechanisms seen in the millennial stock-market crash in 2000 but also has technical issues, therefore we are looking at the daily perspective.
As you can examine in my chart ripple is moving above an important support zone which is the level between 0.174 and 0.177 where it is consolidating now since more than 80 days which is unnatural in the cryptocurrency-space and such a long consolidation period will show a volatile breakout with increase pace the longer it is staying in such a period. What I also contemplated is the huge head and shoulder formation ripple is trading in and that will show the outcome with the activated target after it has confirmed. Right now this formation is still unconfirmed but it will happen when we either confirm the support and move higher above the 0.2 level or fall below the neckline which will cause bearish pressure to the downside.
For now, this is a long-lasting consolidation and the volume was also the whole time at the same value, in this case, both scenarios are possible and can happen right now because of this the wisest thing in such an environment is to wait until the proper scenario has confirmed and placed the trade in the right direction otherwise it can lead to a bad trade in ripple and this should not happen for traders who want to make consistent profit in the market. Therefore ripple is definitely a coin to wait on the sideline for confirmation to enter, there are however other coins like ethereum which providing more clearer signals at the moment, these currencies should traders focus the attention on, it is similar to the stock-market which I already mentioned where stocks profiting out of the crisis and others showing bearish signs, we see such mechanisms showing up also more in crypto now with an expanding tempo.
In this manner, thank you for watching support for more market insight and all the best!
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Information provided is only educational and should not be used to take action in the markets.
XRP, Possible Wedge Detected, Continuation After Confirmation!Hello, Traders Investors And Community, welcome to this analysis about the recent events, the current price-formation and what we can expect from ripple the next hours and days. As already mentioned in past analysis ripple was on the verge to a bullish breakout where it confirmed above the major falling support-line which coordinated the downtrend and is now consolidating within its channel on the local timeframes. Recently I detected some more interesting and important signs which making the bullish breakout and continuation scenario besides the head and shoulder scenario which I already mentioned more possible therefore we are looking at the locally 4-hour timeframe.
As you can examine in my chart now ripple bounced at the important support we have between 0.171 and 0.179 a third time in a row with a long and big wick in its candle, that is normally a bullish sign when it bounces from a certain level like we have seen it in these cases. The lows in that level also build the lower boundary that you see marked in blue of the overall big broadening wedge we are currently forming. As the price has bounced a third time at the major support line we can expect it to move some higher similar like we have done it already in the past bounces. When this happens we can target the upper boundary of the broadening wedge at 0.221 where the price already bounced two times and one time remaining.
After we got the remaining uptrend to the upper boundary comes the critical part in which the broadening wedge formation has to be confirmed properly to have it fully validated, this scenario happens when we bounce at the support we have in the range between 0.2 and 0.21 which you can see marked in blue at the level, a fall below this price-level and even lower can validate the broadening wedge so the level between 0.2 and 0.21 is important to hold. When the bounce happens we can expect ripple to test the upper boundary of the wedge a fourth time therefore when we test it successfully and ripple manages to climb above this can confirm the wedge, remember that this has to play out with good volatility otherwise we can still fall back into the range.
When the scenario plays out like expected and it should be technical there are two main resistance levels which need to be taken out to sustain further bullish with ripple in this scenario, firstly it is the 0.222 level and secondly, the 0.235 level after these have been taken out it is within the high likelihood spectrum that ripple provides a new higher high to us as you can see marked in my chart. At the moment the whole cryptocurrency market is in a lowe volatility range and is sending mixed signals, in some coins we can possibly still break down or to the upside, in such situations we need to keep patient and don't fall for the illogical speculative trap we see to often these times this means to be prepared for possible trend changes when they happen.
In this manner, thank you for watching, support for more market insight have a good day, and all the best!
Information provided is only educational and should not be used to take action in the markets.
XRPUSDT|Strong support area and potential growthHello guys, I hope you are doing well
We see the Ripple chart in the daily time frame.
Important supply and demand areas are drawn on the chart
Currently, we had a reaction from the demand area, candlestick patterns are observed, the trend line has been broken upwards in smaller timeframes.
A suitable position for Ripple price growth from this area can be at least up to the area (0.60-0.63).
I will mention additional points in the next updates.
Xrp appears t be breaking up from a 4hr timeframe invh&sAs always with any timeframes under the 1day, the reliability of chart patterns playing out starts to reduce the smaller and smaller the time frame you go to but the 4hr does seem to validate its fair share of chart patterns often enough to take this 4hr inverse head and shoulders serious. If it can reach it’s full target it will climb to 59 cents here Ithink the next few days to a week or two, however we can see the pump is currently running into some long standing resistance that it may take quite a few retests on before it can break through those and head to the full target. The good news is, in reaching the full 59 cent target by breaking above the current resistance, we will likely also trigger/validate the breakout of a much bigger higher time frame chart pattern or 2 that should hopefully create a domino effect and send price soaring in the near future. *not financial advice*
XRPUSD keylevelRipple is one of a bullish coin that perform a nice channel up pattern.
If you are holding ripple, or wanna jump in to follow bullish market, there is several key level that u need to know.
1. Minor resistance (bullish key level)
0.5493 become strong resistance for ripple, If this resistance break up, Ripple ready to move in a strong bullish wave to reach channel up resistance around 0.5944
2. Channel up resistance (bullish target)
If minor resistance broken, bullish target at channel up resistance at 0.5944. This resistance also as fibonacci 1.272 bullish projection and also as previous resistance.
3. Channel up support (bearish key level)
If 0.5493 cannot broken, Ripple will back to channel up support at 0.5321. This is martingale point if you wanna double your long volume. But careful, this level also as bearish key level if it break down, you can use stoploss few point below
4. Major support
0.4905 as major support for ripple, if channel up support break down, Ripple will perform another bearish wave to reach this level.
I will update more about this analysis, make sure you support this analysis to get a quick notification of any update. Happy trading, and see u at next analysis. Bye
XRP - Ready for breakout?Hi, this is my new update for XRP. Finally XRP is moving higher.
Right now XRP has a big resistance around 0.59 - 0.60 and at the same time we have also down trendline.
The good news is that we held the uptrend very well in the last 6 months and the price is getting very tight between the up trendline and down trendine. Since the market is very bullish now I expect that we are going to break the trendline and move much higher.
Once we break the resistance 0.60 the next stop is 0.71.
As long as we close daily candle above the 100 & 200 SMA things are very bullish for the next couple of weeks, so be patient good things take time.
Ripple can bounce up from support line of pennant to seller zoneHello traders, I want share with you my opinion about Ripple. Observing the chart, we can see that the price recently started to trades in the range, where soon price declined to the 0.5070 support level, which coincided with the buyer zone and then continued to rise. But when it reached the top part of the range, XRP turned around and declined lower than the 0.5070 level, thereby exiting from the range. After this, the price started to rise in an upward pennant, where it at once rebounded from the support line and rose to 0.5070 level and in a short time broke it one more time. Then XRP some time traded near this level and later made a strong upward impulse to the resistance line of the pennant, breaking the 0.5570 resistance level, but soon price turned around and declined back. Also, price tried to back up to the resistance line, but failed and declined to support line of the pennant. But recently it rebounded from this line and started to rise. So, now I think that Ripple can correct to support line of pennant again and then rebound up to the seller zone, breaking the resistance level. For this case, I set my target at 0.5635 points inside the seller zone. Please share this idea with your friends and click Boost 🚀
BITCOIN SELL TO $12,000📉Re-counted the entire wave analysis for BTC & updated it accordingly. I know majority of the Crypto community are bullish due to the BTC halving coming up in April 2024. But such bullish momentum 2 months prior?🤔 Seems more like a buyers trap.
⭕️Wave X Complete, Wave Y Pending.
⭕️3 Sub-Waves (A,B,C) Complete.
⭕️BTC ETF Negative For Growth.
Invalidation zone above previous Wave 2.
RIPPLE - Price can bounce from support line to $0.5720 pointsHi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊
Recently price entered to triangle, where it first made upward impulse from support line to resistance line of triangle.
Then price turned around and declined to support line back, breaking $0.5790 level, which coincided with resistance area.
Also soon, Ripple exited from triangle and entered to rising channel, where it declined to support line of channel.
After this, price turned around and in a short time rose to resistance line of channel, breaking $0.5050 level.
But a not long time ago XRP bounced from this line and fell to support line, where it continues to trades near.
Possibly, Ripple can fall to this line and then bounce and start to move up to $0.5720 points.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Ripple flush then reclaim range EQ - Game OnXRP has been ranging, like it or not, for the past few months. Blue range high and low signify the parameters price has respected and I do not expect this to change.
What I would expect, is a potential flush into the deman zone (green) preceeding a push up to the mid-range with a reclaim and push to the range high.
This is contingent on the fact the altcoin market, as a whole, remains steady and relatively strong ie: no BTC/ETH cap events.
Ripple loves flushing the lows before pumping, so this is a cautious play I am watching. The more optimistic scenario is we don't flush into green and simply continue this trend up the the range eq and highs.
Time will tell, price current making a decision on the local S/R in red.
Stay frosty.
Vatsik
XRP Downside Risks 24h & 3D ☁️; Price Recovery in 7 Days? ☀️John Deaton, a pro-crypto lawyer, confirmed that he will run as Republican Senate candidate in Massachusetts against the incumbent Senator, Democrat Elizabeth Warren.
“I’m excited for the opportunity to fight for change, and for the people of Massachusetts in the United States Senate,” he said.
Deaton represents over 75,000 XRP holders as amicus counsel in the ongoing court battle between Ripple Labs and the Securities and Exchange Commission.
The price of XRP fell 3.3 percent to 54 cents over the past 24 hours. Trading conditions for XRP are going to be mixed over the next couple of days. Further downside is forecasted by ATTMO for the next 24 hours and 3 days, with some returning over a one-week horizon.
Follow us for more crypto weather reports!
HelenP. I Ripple will continue to decline to support levelHi folks today I'm prepared for you Ripple analytics. If we look at the chart we can see how the price a not long time ago rose to the trend line and then made a strong impulse down to the 0.5000 support level, thereby breaking the resistance level, which coincided with the resistance area. But at once Ripple rebounded and in a short time rose back to resistance zone and even rose higher and reached the trend line. Then the price rebounded from the trend line and started to decline to the support level, and some time later, it broke the 0.5790 resistance level one more time and finally fell to the 0.5000 level. After this, XRP a few time traded near the support level and later bounced from the support level and started to rise to the trend line. When the price reaches this line, it two times rose higher this line, but at the moment, Ripple trades below the trend line and I expect that the price will make little movement up and then continue to decline to the support level. For this case, I set my target at the 0.5150 level, which coincided with near the support level. If you like my analytics you may support me with your like/comment ❤️
Ripple Partners With Egypt’s CIB For Cross-Border PaymentsRipple has now expedited its global expansion spree by strengthening its presence in Egypt by collaborating with the CIB.
Ripple, a leading blockchain solutions provider, has recently initiated a collaboration with Egypt’s Commercial International Bank (CIB). It is a pivotal milestone for the company as it expanded its foothold in the Egyptian market. This comes after Ripple announced that it’ll enhance its U.S. presence, indicating significant efforts by the organization to expedite global expansion.
Ripple Partners With Egypt’s CIB
According to the latest Egypt Fintech 2024 report by Shehata & Partners Law Firm, CIB is poised to revolutionize cross-border payments via the partnership with Ripple. However, the bank aims to leverage the opportunity to improve efficiency in remittance services globally.
This marks a significant shift, as CIB becomes the first major Egyptian bank, beyond the National Bank of Egypt (NBE), to publicly announce its partnership with Ripple. Moreover, it is expected to be a great opportunity for the company to utilize CRYPTOCAP:XRP for cross-border payments. While NBE had previously teamed up with LuLu Exchange, CIB’s foray underscores a broader adoption trend within Egypt’s financial sector.
While details regarding the extent of CIB’s integration of Ripple’s technology remain undisclosed, industry observers anticipate a transformative impact on the efficiency and cost-effectiveness of cross-border transactions. As Egypt embraces blockchain innovation, CIB’s partnership with Ripple sets the stage for a new era of seamless international remittances, paving the way for increased XRP adoption.
Egypt’s Blockchain Evolution
Egypt’s blockchain landscape continues to flourish with groundbreaking initiatives. Innovations such as an NFT Art Generator empower users to create unique digital collectibles, while TOURISTOKEN revolutionizes tourism payments and rewards. This dynamic ecosystem reflects Egypt’s commitment to blockchain’s potential.
XRP showing a beautiful cup & handle pattern on 4hr/Daily chart.XRP is showing a very nice cup & handle pattern on the 4hr, and hourly chart. I think we could see a very powerful breakout in the coming weeks. If so, this could trigger a short-squeeze that literally blows people's minds, as a large percentage of XRP is being held short right now.
There's also a nice bullish divergence in on the hourly chart that I'll show in the comments below.
Always trade with confidence, never trade with fear, and always use a stop!
XRP Chopping Up: XRPBTC Breakout OVERDUE📉Hi Traders, Investors and Speculators of Charts📈
XRP is notorious for pumping and dumping, but even after the wallet "hack" of Chris Larsen, the price is still making higher lows.
From a macro perspective, we can clearly see the price increase - gradually, but we're stair stepping up. XRP usually dumps harder than BTC when there's a correction and the XRPBTC chart is still in prison. However, if we consider this chart, it is more likely that XRP will GAIN ground n BTC soon, instead of weakening more against BTC:
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BINANCE:XRPUSDT BINANCE:XRPBTC
XRPUSD: Bullish Gartley Recovering Support LevelXRP is currently taking back a Daily Support Zone after rebounding from the PCZ of a Bullish Gartley. Though the setup looks nice, it should be noted that the entry here is a bit late overall in relation to the PCZ so in trying to catch this late move it will be best to use a tighter stop in hopes that the upwards moves accelerates above the Support Zone but if it doesn't, XRP may come back down to the PCZ of the Gartley and in such a case we'd want to stop out early so that we may reposition lower.
Ideally XRP will make a move towards the 0.786-0.886 from here but it is very possible that we see Fibonacci Extensions such as the 1.618 which would take XRP up to $1.26 per coin.
Ripple, Possible Reversal In Wedge-Formation, Resistance Above! Hello, Traders Investors And Community, welcome to this analysis about the current situation with ripple and where the price-action will develop further. I made some interesting and significant observations in the current chart which are important to mention. We are looking on the locally 4-hour timeframe and the current situation on the smaller timeframe is matching the middle-to-long-term timeframe coherently, I made also a forecast about ripple middle-term structure and the fractal structure we have currently if you didn't see these already I highly recommend it to you when going to my account and watch the analysis to have a full-depth-overview.
When looking at the chart we can see that ripple is currently trading in a rising wedge which you can see marked in blue in my chart, this is normally a bearish formation that breaks to the downside when confirmed rightly. What supports this possibility at the moment is the huge downward-channel we are trading in and the resistance we have above at the 0.21 USD level, this level and the 600-EMA you can see marked in blue building a coherent bearish confluence-zone here between 0.207 and 0.214 which you see marked with the red boxes in my chart when we visit this area it is within the high likelihood schedule that we confirm it as resistance.
The next time we can expect a visit of this area to test it, it will be important to see how we react here when there comes a volatile red candle to the downside crossing the lower boundary of the rising wedge down the wedge is finally confirmed and it can be traded on the short-side. Overall the wedge can be traded aggressively or conservative, the aggressive approach will be opening a short position in the bearish-confluence-zone and the conservative approach will be when the wedge has confirmed to the downside. In both scenarios, the target will be the same which is the 0.185 level you can see marked in orange in the chart, there is a high possibility given that we reach this target when the wedge confirmed properly.
After the wedge confirmed and the target reached we have to look and contemplate the situation again, it is possible that we get a bounce to the upside here confirming the overall level as support, in this case it is important to hold the overall support to form a possible reversal otherwise when the price is too weak and the support cant behold it is within the possible spectrum that we continue with the downtrend, this will be definitely confirmed when we cross below the 0.175 level which is also matching with the overall bearish picture we have on the bigger timeframe. Remember that the overall move needs to be confirmed rightly and do not rush in a trade, when this happens it is also the best possible entry-place for a trade to take advantage of the down move.
Alright, this should give you a good overview, thanks to everybody for watching, support for more market insight, and all the best!
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Information provided is only educational and should not be used to take action in the markets.