XRP Daily count Elliott waveXRP expecting to continue to the upside. Wave (iv) may have ended at 0.6686 if so I expect an ascent over the coming sessions to suggest an impulse upper is wave (v). Target 1.03 - 1.12 zone
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Ripple
The #BTC Cyclical Turn Around Is Here!Bitcoin has dropped around 80% each bear market since conception, As we can see looking at the historical data I showed above. Each Bull cycle rhymes if you measure the days the bull/bear cycle ran for. Overall, I think we are on the edge of something special!
***nothing here is financial advice, always do your own research.
🧊 XRP EXITS THE CHANNEL FOLLOW UP 🧊 🧊 Been a busy weekend with work but we're off now so thought I'd share a short and simple idea, chart speaks for itself overall for the most part. And thanks for tuning in of course for a quick bit.
🧊 XRP has exited from that channel as we wrote about in the previous idea, since then we did indeed end up losing that 200 EMA and that sent us down to the horizontal level of 0.492 before rebounding and finding support above 0.50 right now though whether or not that'll hold will have to be seen of course. Especially since this is the first time we've crossed back above 0.50 since the fall.
🧊 I'd set an alert for 0.50 just to keep an eye since it's a pivot point alongside the matter of that 200 EMA and whether or not we can actually regain it or if we'll fail to and likely slide back down and possibly more depending on how 0.492 does if we retest.
🧊 As usual, the horizontal levels are not new at all, if you know me you know these are pretty old levels and they seem to do the job pretty consistently at keeping tabs on XRP's price action, so if you haven't already, definitely would consider adding some to your charts. I'd like to say my work speaks for itself hopefully, especially the charts, I simply do my best here but I'm grateful to those of you that continue to be here, thank you.
🧊 We're just at a pretty sporadic point right now basically but most of this mainly falls upon Bitcoin and regular retracement as I'd pointed out would likely happen in my XRP's ASCENT idea a few days ago for anyone who'd like to read up on that too which is linked below.
🧊 Just using the ice today as a bit of a chill indicator, been a chilly feeling down here at that 0.50 point basically but just another day is all to us. I have to go but thanks for tuning in of course, appreciate it and all the best till next.
~ Rock '
XRP/USDT is ready to move as seen in the chart with detailsExamining the #XRPUSDT trading pair, the chart articulates a compelling narrative of a potential upward momentum. #XRP seems to have meticulously concluded its formation phase, laying a robust foundation for a foreseeable ascent.
A meticulous analysis of the technical indicators and price patterns reflects a price consolidation followed by a constructive breakout. The underlying strength illustrated by relative volume and positive price action propounds a strong case for a sustained bullish trend. Furthermore, the conclusive breach of critical resistance levels delineates a substantial shift in market sentiment, marking the commencement of a new bullish cycle.
The Moving Averages and Relative Strength Index (RSI) indicates accelerated momentum and strengthened buying pressure, reinforcing the bullish outlook. The confluence of these technical phenomena accentuates the potentiality of XRP in navigating through the uncharted territories of price levels.
This completion of bullish formation is pivotal and, if coupled with coherent market conditions and sustained buyer’s interest, can catapult #XRP to unprecedented heights. Investors and traders should remain vigilant to the evolving market dynamics and align their trades with their risk tolerance and trading strategy.
As always, market participants must conduct thorough research and consider various risk factors before making investment decisions, given the inherent volatility and unpredictability of cryptocurrency markets.
XRP Hourly Looking BullishXRP is currently a little harder to read but with many other assets looking like they are ready to turn bullish on the smaller time frames xrp is no different.
The daily is also looking bullish for xrp but no bullish divergence on the daily nor the 4 hr.
This is an hourly chart and here find some bullish divergence with what is a hopeful new low.
Current Trading Plan is a long entry from current price with a 2% stop loss
First target will be a 1/3 retrace approximately 10% higher
Second target will be a 50% retrace for a nice 25% push up.
Trade Well.....
HelenP. I Ripple can reach resistance level and try to break itHi folks today I'm prepared for you Ripple analytics. After the price declined to the 0.4865 support level, Ripple in a short time broke it and fell lower. But soon, the price bounced up and started to rise to this level, which coincided with the support zone inside the upward channel. Rippke reached this level, broke it again, and then rose to the resistance line of the channel. When the price touched this line, it rebounded and made a little correction, after which the price tried to rise higher, but failed and fell to 0.4865 support level. Then Ripple bounced from this level and made impulse up to 0.5150 resistance level, which coincided with the resistance zone and soon broke them and rose to the resistance line of the channel. But later, the price declined below the 0.5150 level and not a long time ago declined to support line of the upward channel, where it continues to trade now. I expect that Ripple can rebound to the resistance level and try to break it. After breaks, the price can make a retest, or at once continue to rise inside the upward channel. For this reason, I set my target at the 0.5330 level. If you like my analytics you may support me with your like/comment ❤️
XRP with NO space on 3d average ! Big moving incoming !!Space is a important concept to understand as can be played in numerous ways from different angles
At the moment theres no space on XRP 3d chart between the 9ema and 200ema. Or relatively little. I think of this like the theoretical big bang. Once something is too condense then expect an explosion at some point where asset price volatility expands out.
Not just lack of space that is playable
When too much space is created this too is an opportunity. With other considerations in mind (nothing holy.. look for confluence).. too much space shows that price has expanded or extended away from average(s). This is playable (when other conditions are met) in the sense of looking for a mean reversion. Price reverting towards its mean or average(s).
Again this is not holy and old averages can be left behind without any reversion but this is uncommon. These are the exceptional paradigm shifts into essentially price discovery mode.
First retrace into extended space is likely to have a nice reaction
First retrace (into 200) after an extended move can lead to a beautiful bounce or even continuation of space extending. We are in process of building a tool for this too!
Make sure to keep an eye out for current data and correspond that to relevant other assets to get a nice insight into which way to be looking.
💥 XRP EXITS THE CHANNEL! 💥💥 Real quick idea today, got some more overtime I'm doing so gotta run but this will be quick.
💥 Can see how XRP has slipped and fallen out of our ascending channel and on our 15 minute chart we can see the impact our horizontal levels continue to play out on trading from that support at 0.50 getting tested before we pulled back up to our 0.514 level on the 15 minute chart which I've linked below:
💥 I said this idea would be quick and it is, watch for that 200 EMA on the 15 minute to see whether or not we regain it but if we fail to then look to that 30 and 45 minute timeframe and keep an eye on the 200. If we lose the 200 EMA on either of those timeframes it'll likely start off a real sell-off, we just barely managed to lose the 200 earlier with that close flyby at 0.50 so bears are definitely taking advantage, especially as we've exited the ascending channel.
💥 Regardless I'm not fretting, whatever happens happens, still just focused on the long term but in the least to see a recovery like this has been real nice to see, even if we we're to fall back, we'll simply climb our way back up as we continue to do. I've got to go but have a great day and all the best till next, have to go work another job! Appreciate you guys and feel free to leave any likes or follows as always, simply helps. Till next.
~ Rock '
XRP Ripple Price Target| Binance vs SEC Lawsuit | Whales DumpingBinance disputes the SEC's allegations of mishandling customer funds, deceiving investors, and violating securities laws.
The legal battle between Binance and the SEC has sent shockwaves through the cryptocurrency community.
Binance and its affiliates assert that the SEC is overreaching its jurisdiction on digital assets, especially without any clear legislative guidance from Congress. The original lawsuit, filed in June, accused Binance of unlawfully listing unregistered securities.
Historically, the actions of whales have been instrumental in shaping the price movements of Bitcoin and the broader cryptocurrency market.
Non-whale addresses, those holding less than 100 BTC, now account for over 41% of the total Bitcoin supply. Meanwhile, whales, entities holding between 100 and 100,000 BTC, have witnessed a decline in their collective holdings to 55.5%, marking their lowest ownership level since May.
The decrease in whale holdings could signal a potential change in the market's dynamics, potentially leading to increased volatility and uncertainty.
These developments collectively cast a shadow over the cryptocurrency market's near-term prospects.
In this context, my price target for XRP is $0.18.
Looking forward to read your opinion about it!
💥 XRP EARLY TA, CONFIRMATION 💥💥 I only have a few minutes, have to run and catch the train for some overtime I'm doing today but thanks for stopping by.
💥 With all due respect, I'd like to say I think my chart speaks for itself for the most part, only thing I've done is extend my ascending channel. In yesterday's idea we focused on the idea that we'd likely get a retracement or some form, especially if we reentered that ascending channel and it did just that even acting as a support as funny as it looks now to see.
💥 Again I don't have much time at all, but the chart speaks for itself. Just as the ascending channel has acted as a support now another possibility is if we lose it or were to slip out and below it expect some possibly sell-off or big sales granted the technical idea of things for some traders will be to exit for one reason or another but just something to note and add these markers to your own charts if you'd like.
💥Sorry I can't share much but I really have to go, thanks and have a great one.
~ Rock '
RIPPLE - Price can make correction and then bounce up to $0.5350Hi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊
Recently, price bounced from resistance area to $0.5100 points, thereby breaking $0.5200 resistance level.
But then it bounced back and even rose to $0.5450 points, where price started to decline and fell to resistance level.
Then price broke this level, entered flat, and fell to $0.4865 support level, which coincides with support area.
After flat, Ripple declined lower of $0.4865 level, where later it started to grow inside rising channel.
In channel price backed up higher than support level and at the moment, it continues to trade in channel near support line.
I think Ripple can fall to support line and then bounce up to $0.5350 resistance line of channel, breaking $0.5200 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
🔥 XRP'S ASCENT 🔥🔥 Thanks for joining me quickly! Gonna be a quick and hot idea here!
🔥 Following up from my last idea we can see how that ascending channel has continued to help XRP in it's push up funny enough. Our channel even acted as a support on the 20th when XRP buying pressure was enough to stop us from reentering that ascending channel and in turn propelled us back up to 0.52 where we're at right now.
🔥 All that is good and all of course but I did want to focus on the fact that we seem to be getting to that point of overextending away from our 200 EMA. For those of you that know me, you know that when we extend and pull away from our 200 EMA it's more often then not that we'll get a pull down by which then we'll eventually meet up with that 200 EMA again.
🔥 We did hit 0.525 but it wasn't exactly natural as we can see it was thanks to some buy entries that sent us up to that point so I'm more firm on 0.514-0.515 possibly being that pivot point. Especially as it'll now meet up with our ascending channel thus it'll either help form a support point or start off a reversal.
🔥 We've had this great rise up thankfully but I'd like to see some healthy retracement soon, after all, we know the higher we go up without some retracement here and there, the harder we can fall. There's no exact science to it other than traders like to see things occur naturally, anything other than natural and you likely won't get a natural result basically.
🔥 Keep an eye on that ascending channel, I'm expecting that we'll likely get some retracement or start off a reversal soon, especially if we come back down and reenter the ascending channel. It's helped act as good support on our way up but it can also act as a pullback now that we've had some action above and outside the channel.
🔥 So even while we're outside the channel it's had an effect on us, so imagine what happens if we reenter it now. If we reenter the channel which will most likely happen then look to the bottom diagonal line of the channel for support, we slip below that and we'll probably lose the 200 EMA and be in for a ride but again that wouldn't be unexpected, we've made it this far after all anyway. Least we know we CAN make gains and some good headwind unlike some other crypto's that are still getting smacked and barely recovering.
🔥 What I'm focused on here is the fact that XRP's recovery has been real good and it's done a good job at that versus a lot of other coins in the market. That being said we're looking at what's likely gonna be the start of a reversal or not if we're lucky but from what past experience, that's my best guess right now. Especially with Bitcoin looking like this:
🔥 Even with XRP doing it's thing if Bitcoin can't break $27,500 which in itself was already crazy enough to hit then some traders will likely start pulling profits or selling out of fear, other factors. We get that and we'll likely lose the 200 EMA soon for Bitcoin which in turn will drag a lot of the market down so want to point that out for you guys.
🔥 I'm chilling as usual though, even for September being the month it is historically, to see a push like this the past week as we wedge closer to October has been nice and good, mainly for the fact that we see there's still confidence in the crypto market even with everything that's happened the past few weeks. And that's what I've focused on. Long term as always we're still just sitting back and letting the waves go about. What happens happens, we're just focused on the future, not the next minute or two.
🔥 Have to go do some stuff as usual, life's pretty busy as usual but I'm happy to share something quick at least, so thanks for joining and hope everything's going well, appreciate you guys joining me for a bit as always, keep well and leave any likes or follows if you want, simply helps me out. All the best.
~ Rock '
Ripple can break resistance level and then continue to riseHello traders, I want share with you my opinion about Ripple. Looking at the chart, we can see how the price a few days ago declined below the 0.5175 resistance level, which coincide with the seller zone, but soon it rebounded up to the resistance line of tringle, and then the price started to decline. Ripple declined to the support line, which coincided with the 0.4865 support level, and at once started to rise to the resistance line. After the price reached the resistance line, it bounced and made a strong downward impulse to lower the 0.4865 level to 0.4600 points. But then Ripple started to move up inside the upward channel, where it rose higher of the support level, which coincided with the buyer zone and reached the resistance line of the channel. Then the price made a correction to the support line and later made an upward impulse to the resistance line, breaking the 0.5175 resistance level, but some time ago Ripple declined below this level, where it continues to trade now. In my mind, the price can break the resistance level again and then make retest. Also, Ripple can continue to move up to the resistance line of the channel. For this case, I set up my target at the 0.5325 level. Please share this idea with your friends and click Boost 🚀
⚡ XRP ASCENDING CHANNEL ⚡⚡ Thanks for tuning in, I'm just gonna keep this one short.
⚡ Following up from yesterday's idea XRP did fall below our 0.492 horizontal level but managed to pull up and reenter that ascending channel also regaining the 200 EMA in the process which saw us establish a higher high at 0.505 and break that 0.49 resistance before pulling back ultimately with that pressure from the top of the channel pushing down on us understandably.
⚡ We'll have to see what happens here at 0.49, whether or not we can sustain that price above 0.49 or not but that's gonna be up to the market now, we did get this good push back up after that 0.492 point but volume shows that it was in large part thanks to a large whale or entity entering so the hike up wasn't too natural but could also just be a whale's attempt to help XRP's price rebound.
⚡ I'm simply gonna be watching my horizontal levels and that ascending channel for the most part as that's about the main thing right now unless we lose the 200 EMA by which the levels is what will matter most by that point.
⚡ Said I'd keep this short and I don't think everyone like reading through these too much so that's it for today but thanks for joining as always and keep well.
~ Rock '
⚡ XRP REAL QUICK TA! ⚡⚡ Real quick idea today since I've got to go to work soon. Following up from yesterday's idea in which we made a couple important points including that resistance at 0.50 with us more likely looking at some strong resistance and a possible reversal, we can see just how that's played out with XRP falling pretty hard on the local as we reentered back into the ascending channel we added a couple days ago to our main chart.
⚡ Can see how we've fallen even further down as we have already exited down and out below the ascending channel with us not at this support level of 0.49160 by which we'll see whether or not XRP does hold it's ground or if things continue to fall as Bitcoin's led the downward move for the market being that it failed to establish and form a high high for the week after the push up we've had thus some traders are likely taking profit and whales exiting to enter in at what they feel or may possibly perceive as a better entry in the short term as we lose that 200 EMA.
⚡ The main point here is that we reentered the ascending channel which I said to watch out for in yesterday's idea as it'd have an effect and it definitely has, on top of that we've lost our 200 EMA and well, you already know, just means some more volatility till we regain the 200. We could slip and fall further if we lose this current horizontal level but if we can manage to hold support and reenter that ascending channel that should help us at least a bit.
⚡ That aside again we're in September and with the Fed possibly expecting to increase rate hike's some more it's absolutely got the market feeling timid and shy with some taking profits or exiting. Just seems like it's been a perfect storm scenario this month alongside September as it is generally whenever we get to this month every year. It's just a rough month so as to why I'm not minding what's going on right now too much, everyone's going off emotion overall and ignoring and fundamentals or true use-cases and utilities.
⚡ That being said I wouldn't fret too much, just remember we're in a rough month historically but at one point or another we'll be out of it, and if we're looking months ahead, things aren't too bad. We can also possibly contribute the resistance in Bitcoin and crypto's as FTX possibly selling some crypto already though there's no confirmation on that but it's a possibility as we already know they will have to sell some to repay creditors so just focus on yourself and your life right now. The market will do it's thing but don't let that stress you.
⚡ I have to run and I said this idea would be short so I'm simply leaving it at that but thanks for joining me for a short bit as always, really appreciate it and feel free to leave any likes or follows, simply helps and all the best!
~ Rock '
🔥 XRP RISES & IMPORTANT POINTS 🔥🔥 Won't take too long her, just gonna keep things short as simple, and thanks for joining as always. Appreciate it.
🔥 XRP's managed to do pretty well with this rise up and keeping above our ascending channel that we added in the previous idea, can see that in one instance we did enter the channel and nearly lost our 200 EMA but support kicked in pretty well with that rebound shooting us up in a pretty good manner.
🔥 On the local though I see this 0.49-0.50 point as a resistance that'll probably have us see more of a move down first than up more unless we can really get a push here. We already know how exhausted the market seems to get when at these points of sideways trading but we've also got the psychological aspect.
🔥 For traders the chances look more likely then not on the local that we'll retrace and possibly reenter the ascending channel as it has pulled up to us so that'll be another downward force on us if we enter. Personally hoping that doesn't happen but knowing how past price action has done us it's definitely not out of the picture by any means. That and we've yet to form a higher high since the 15th so that's something to note too.
🔥 So there's that as well as the psychological aspect of seeing XRP where it's at right now, 0.50 tends to be a pretty crazy point in the chart as far as the past has shown us. In some cases it has rejected us pretty bad igniting reversals but in some it's also kicked off rather big jumps when broken. There isn't much volume going on though however currently and seems like the market's much more hesitant to enter and like I mentioned previously things currently looks more like the first option right now.
🔥 If we retrace look to 0.49 and 0. 492 for that support but keep in mind the ascending channel to and the effect it'll have with 0.50 as the main resistance right now. I personally see the market as being exhausted for the day following the quite frankly really good and natural climb up we've had this week. It wasn't some quick or fast impulsive rise, it was slow and a very natural rise in terms of technicality of course so happy to see that.
🔥 I'm going to work early today so have to go now but I wish you all the best, and thanks for joining me for a few minutes of your day, really appreciate it and to anyone who'd like, feel free to leave a like or follow, really helps me out, thanks and keep well as always.
~ Rock '
HelenP. I Ripple can bounce from support level and continue riseHi folks today I'm prepared for you Ripple analytics. A short time ago price declined to the support zone, which coincided with the 0.4970 support level, but at once rebounded up and started to trade near. Later, the price declined to the 0.4970 level and then tried to rise, but failed and made a strong impulse down lower of two support levels - 0.4970 and 0.4750, thereby breaking them. After this movement, the price entered to upward channel, in which Ripple rose to support 2, which is located inside the support zone, and in a short time broke this level and continued to rise to the next support level. A few moments ago, the price reached support 1, broke it and grew to the resistance line of the channel. But recently Ripple rebounded from this line and fell to the support zone, where it continues to trade to this day. I expect that the price can make a correction to the support level and then rebound and continue to rise inside the upward channel. For this case, I set my target at the 0.5120 level. If you like my analytics you may support me with your like/comment ❤️