HelenP. I Ripple can rebound up to $0.7500Hi folks today I'm prepared for you Ripple analytics. If we look at the chart, we can see how a few time ago price bounced from the 0.7850 resistance level and declined to the 0.7125 support level. But soon Ripple rebounded up to the resistance level and even rose higher of the resistance zone to the trend line. When the price reached the trend line, it at once started to decline near this line and fell lower the 0.7125 - 0.7025 support zone. Then Ripple bounced up, break the trend line, and started trading in the support zone, but a not long time ago it rose higher of the 0.7125 support level, thereby breaking it again. And at the moment I expect that price can make a retest of the support level and then continue to rise. For this reason, I set up my target at the 0.7500 level. If you like my analytics you may support me with your like/comment ❤️
Ripple
⚡ XRP QUICK TA ⚡⚡ Thanks for joining as usual ladies and gentlemen, today's Ta won't be long at all, I'm very tired and want to sleep but wanted to get this out first at least.
⚡ I've simply extended the original consolidation channel between 0.7077 and 0.688 so feel free to extend or add one in for yourselves to refer to. Basically we want to avoid falling in within the consolidated channel as it would reset our progress a bit.
⚡ We've already managed to keep above it this long but with us having failed to form any higher high's, volume's decreased signaling traders got a bit tired and exhausted. That's resulted in us loosing the 200 EMA and we'll simply have to gain it again whenever we do to continue upwards but should we avoid slipping into the channel below that would be positive.
⚡My head hurts and I have to get some much needed sleep, just going to leave stuff here for now since nothing too crazy has happened, just some sideways and relatively lax trading activity. If you'd like to leave a like or follow would be much appreciated as usual, thanks.
~ Rock '
The Ripple XRP megawedgeSo XRP did disappoint in the 2021 rally, but in hindsight, as always, one could have expected it. Damn hindsight :)
It appears that XRPUSD is forming a gigantic multiyear mega wedge, similar to the first megawedge of 2013-2017, this would be the second one from 2018-2024, so 2 years longer than the first one.
Of course, the direction of the breakout will depend on:
1. The conclusion of the SEC case
2. The direction which BTC will take
So if SEC resolves well for Ripple AND BTC makes new all time highs in the 2024/25 cycle, then yes, XRP will reach nice valuations of at least 10 USD.
If SEC resolves badly for Ripple AND BTC pumps, expect much lower target prices.
If SEC resolves well for Ripple AND BTC dumps, then also much lower target prices.
Worst case is of course BTC dumps, so no rally in 2024, and they also lose the case. Then expect this mega wedge to break to the downside.
So we can see, it all depends on the SEC case and BTC.
But a buy in if BTC goes to ATH levels in 2024 would make sense, since the risk/reward could pay off well. The worst thing that could happen then, is that it pumps only a little if they lose the case.
So that is the longterm plan for XRP. A really brutal coin, probably by far the most unfun to hodl for long periods of time. But the risk reward in 2024 and later if everything goes well, could be large.
💦 XRP 'JUST KEEP SWIMMING' 💦🌊 Hi! Thanks ladies and gentlemen for tuning in, been busy with some personal matters so haven't been able to post but without further a due let's take a quick swim. 🌊
🌊 In our last idea the target was to get a break above 0.71 and get some of that momentum again back up with volume having declined following the fall from 0.736. Pointed out that a break above 0.71 would help to be a positive signal for the market to get back some confidence in XRP which thankfully did manage to happen pushing prices to 0.73 on the local.
🌊 Below I will link a 15 minute visual chart for you guys to refer to as well as some new markings I've added which you can add to your own charts of course.
🌊 The chart basically speaks for itself pretty much but we've got this new consolidation channel that's formed and wouldn't be too bad to make note of. And yes I'm aware that most of the points intersect at 0.71 for the bottom channel mark but 0.70 is where your two deepest points/wicks have extended to so I've made the mark there.
🌊 XRP did manage to form a higher high on the local too so happy with that, and for the 200 EMA it's just what it is, even if we lose it we just have to keep avoiding falling below 0.70 and 0.68 if it comes down to that again. Below I added in a fibonacci that could help some of you guys I'm sure.
🌊 I marked the bottom of the Fib at the start of XRP's rally and the top at the peak so that's given this:
🌊 Can identify some pretty distinct things right off the bat such as at that 0.713 mark which shows a clear difference for us depending on whether or not we're below or above that Fib. Then above at 0.736 we see how price's immediately tumbled once we lost that level so indicates that these Fib lines can do us some good. I'll do my best to start incorporating this some more but feel free to add to your own charts or look yourself.
🌊 The Federal Reserve made the decision to approve rate hikes bringing levels to a 22 year high raising rates by a quarter percentage point which does bring the rate to it's target of 5.25%-5.5%. Market's basically been pricing now the factor that there likely won't be any more hikes in the coming meetings though policy makers said otherwise. Show's the market's belief that this is the end of rate hikes increasing and a possible soft landing for the US economy with hopes rising. I can't say anything to that but that's simply been one of the driving forces here and XRP's seemed to have taken advantage of that.
🌊 All this especially as the Pacific Island Group of Palau is preparing to start it's stablecoin trail of using a stablecoin which will be linked to the U.S dollar. The test will be running through August and run on the XRP ledger with Ripple already providing technical assistance and staff to assist. There's no absolute guarantee that the nation which consists of 20,000 people and 340 islands will continue after the test with the project but a report will be made on the progress and that in itself is a big step for crypto, not to mention XRP.
🌊 Below I will add a link to the site I referenced regarding the Palau Project if you guys would like, that's it for today's idea but thanks so much for tuning in, I really appreciate it and feel free to leave any likes, follows, always helps, thank you.
Link to Palau Test:
www.coindesk.com
~ Rock '
Ripple can rebound down of support area and break support lineHello traders, I want share with you my opinion about Ripple. By observing the chart, we can see that price a few time ago bounced from the resistance line and rose to 0.7220 current resistance level, which coincides with the support area. And later, Ripple continue to move up and in a short time reached the 0.7900 resistance level, but at once made a correction to the resistance line. Then the price made impulse higher of 0.7900 resistance level and even seller zone. But soon it rolled down to the resistance line and some time later broke it too and fell to 0.7220 current resistance level. In a short time, Ripple continued to decline to the support line, thereby breaking the 0.7220 level. But a not long time ago it bounced from the support line and started to grow to this level. At the moment price trades near the 0.7220 resistance level inside the support area. Possibly Ripple can rise to the resistance level and then rebound down to the support line. Also, it can try to break this line. If the price breaks the support line, Ripple can make a retest and then continue to fall. For this case, I set up my target at the 0.6800 level. Please share this idea with your friends and click Boost 🚀
Consolidation and Potential BreakoutsPractical XRP Analysis - July 27th, 2023
In the ever-changing landscape of the cryptocurrency market, XRP (Ripple) has recently witnessed notable price fluctuations, creating both challenges and opportunities for traders and investors. Let's dive into the analysis of XRP from four days ago up to the most recent data available.
Recap of Previous Analysis (4 Days Ago):
On July 23rd, XRP's price experienced a rollercoaster ride. It initially ranged between $0.47 and $0.50, but a significant surge on July 13th catapulted it to a peak of $0.938. However, this high was short-lived, and the price retraced to around $0.68. After some consolidation, XRP surged again to $0.85, before settling in the $0.69 - $0.70 range. Technical indicators like RSI, Bollinger Bands, Volume Oscillator, OBV, Stochastic, and MACD were also assessed.
Updated Analysis (July 27th, 2023):
As of today, the 4-hour chart reveals that XRP is currently trading at $0.711, with minor changes of around -0.6% in the last 24 hours. The Bollinger Bands indicate a relatively narrow trading range, with upper, middle, and lower bands at $0.7235, $0.7033, and $0.6832, respectively. The Fibonacci retracement levels show potential support and resistance levels, with the 0.236 level at $0.7169 and the 0.382 level at $0.7432.
The RSI is at 46, suggesting neutral market conditions, while the Volume Oscillator shows a slight preference for selling at -12%. The Stochastic oscillator stands at 61, indicating some positive momentum, while the OBV at 7.657 billion reflects significant trading interest. The MACD, however, remains slightly bearish at -0.0059.
Short-Term Scenario (Next Few Days):
In the short term, XRP's price appears to be consolidating within a relatively tight range, and the RSI's neutral reading indicates a lack of extreme buying or selling pressure. Traders should closely monitor the Bollinger Bands, as a breakout above the upper band may signal a potential bullish trend, whereas a drop below the lower band could indicate further bearish movement. If XRP manages to find support at the 0.236 Fibonacci level of $0.7169, it could potentially retest the 0.382 level of $0.7432. However, caution is advised due to the slightly bearish MACD signal.
Long-Term Scenario (Coming Weeks/Months):
Taking a longer-term view, XRP's direction will be influenced by broader market trends and significant Fibonacci retracement levels. The daily chart's half-level at $0.6937 may act as a crucial support level to watch for potential further bullish movements. Additionally, the 0.382 level at $0.7513 could serve as a resistance level. Traders and investors should keep a close eye on market sentiment, as well as any developments in the cryptocurrency industry, including regulatory decisions or technological advancements that may affect XRP's price trajectory.
Most Probable Scenario:
The most probable scenario for XRP in the near term is a continuation of the consolidation within the narrow trading range, indicated by the Bollinger Bands. A short-term bounce towards the 0.382 Fibonacci level at $0.7432 is possible if XRP finds support at the 0.236 level. However, traders should exercise caution as the slightly bearish MACD signal may cap upward potential.
Dos and Don'ts:
Do: Regularly monitor the Bollinger Bands, RSI, and Fibonacci retracement levels to identify potential price breakouts or reversals.
Do: Stay informed about broader market trends and news related to XRP and the cryptocurrency industry as a whole.
Do: Diversify your investment portfolio and manage risk effectively to mitigate potential losses.
Don't: Make impulsive decisions based solely on short-term price movements or emotions.
Don't: Overlook the importance of conducting thorough research before making investment decisions in the cryptocurrency market.
RIPPLE - Price can rebound from support line to $0.7550Hi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊
A few days ago price traded inside triangle, in which it declined to $0.6840 - 0.6720 support area.
Thereby price broke $0.7910 level, which coincide with resistance area, but soon Ripple bounced from support area higher than resistance level.
Also, price exited of triangle and later started to decline inside falling channel, in which price broke resistance level again and fell to support area.
Then Ripple started to rise near support line, and in a short time it exited from channel and now continues to trades nea this line.
I think that Ripple can make movement down to support line and then bounce up to $0.7550 level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
XRP: Inverse Head and Shoulders Backs Double BottomTitle: Inverse Head and Shoulders in 1-Hour Timeframe Supports Double Bottom Pattern
The cryptocurrency market has been bustling with excitement as traders closely monitor the recent developments in XRP's price action. A remarkable technical formation has emerged, pointing towards a potential bullish trend on the horizon. The combination of an inverse head and shoulders pattern along with a double bottom formation on the 1-hour timeframe has captured the attention of many investors, hinting at a promising buying opportunity.
1. Inverse Head and Shoulders Pattern:
The first notable development is the emergence of an inverse head and shoulders pattern in XRP's 1-hour chart. This pattern is recognized by three distinct troughs, with the middle trough (head) being lower than the surrounding two (shoulders). The pattern typically signifies a shift from a bearish to a bullish trend, often indicating an impending upward price movement. As traders eagerly eye this formation, it adds to the bullish sentiment surrounding XRP.
2. Double Bottom Formation:
Simultaneously, a double bottom formation has taken shape, reinforcing the positive outlook for XRP. A double bottom consists of two distinct troughs (lows) at approximately the same price level, separated by a peak (high) in between. This pattern signifies a potential trend reversal, indicating that the downtrend may be coming to an end and a new uptrend could be on the horizon.
3. Confluence of Patterns:
The combination of the inverse head and shoulders pattern and the double bottom formation creates a confluence of bullish signals, intensifying the belief that a significant price surge may be in store for XRP. Technical analysts and traders have been closely monitoring these patterns as they seek to capitalize on potential gains.
4. Confirmation and Price Targets:
While these patterns offer promising prospects, it is essential to await confirmation before making any trading decisions. A breakout above the neckline of the inverse head and shoulders pattern and the double bottom formation's resistance level would strengthen the bullish case. Traders should keep a close eye on price movements and look for increased trading volume to confirm the potential bullish trend.
As for the price targets, projections can be calculated based on the height of the patterns. Conservative estimates place XRP's potential target around the neckline's height, while more ambitious projections could reach the combined height of both patterns. However, it's crucial to remember that the cryptocurrency market is highly volatile, and unexpected fluctuations can occur.
In conclusion, the appearance of an inverse head and shoulders pattern and a double bottom formation in XRP's 1-hour timeframe has sparked optimism among traders. The confluence of these bullish signals suggests the possibility of a significant upward move. Nevertheless, prudent investors will exercise caution and await confirmation before making any significant trading decisions. As always, conducting thorough research and analyzing risk-reward ratios will be critical for capitalizing on this potential buying opportunity.
🌊 XRP FACES THE WAVES 🌊🌊 Nothing crazy for you guys but we do have some interesting stuff so feel free to read and thanks for tuning in as usual ladies and gentlemen.
🌊 Before I get started on XRP just want to point out the fact that the general market is rallying overall with the bullish sentiment that the FED won't raise hikes coming the FED meeting which will is due to start tomorrow. Whether or not that sentiment sticks will have to be seen tomorrow but that's just something to point out with the general market direction today looking bullish with investors and the market bullish.
🌊 Fed rate hikes will influence the market in general even including crypto's of course so definitely would advise keeping an eye open for that news. No rate hikes will help boost sentiment and likely buying pressure and a rate hike would invoke some fear, choppy trading so just to keep aware of.
🌊 I won't make today's idea too long but I will give some good stuff so let's just start off with this 15 minute chart I've added.
🌊 I've added a new rectangle to highlight that channel of consolidation between 0.688 and 0.71 being our resistance that we'll need to break to get another leg back up and regain that 200 EMA most likely. The FED rate will likely be a catalyst for whether or not we regain the 200 EMA or continue trading sideways so keep that in mind. And remember, these consolidation rectangles are important, just look at the last time we fell below the last rectangle I made on the main chart above, we lost that and fell, but just as much as it can do that to us, it can the very opposite and send us up so I highly recommend adding this to your own charts.
🌊 I've also added a new horizontal level mark at 0.688 being that we tested that 3 times now and XRP has managed to keep above that relatively well so far indicating some support at least, I've encircled two of those points and the third is about the same so we fall below this again for the 3rd time and I would most likely expect a fall of some sort at least.
🌊 Target for today and the new few days is just to break 0.71 and get some momentum back into going up, since we initially fell from 0.736 volume has been relatively low indicating a lack of confidence and more hesitation from traders, a break above 0.71 would likely be the sign the market needs to get back that confidence in XRP climbing back else we risk falling if we keep consolidating and fail to break that.
🌊 Feel free to add these markings to your charts, I'm sure they would help. My interest right now is the 20/50 EMA's. Since they split on the hourly chart they have yet to reconvene and meet up so I'm personally expecting that to change soon, especially with them not having met on the 15 minute chart so to see that happen would be positive thus keep note of that please.
🌊 That's it for today, like I said no long idea today, don't wanna scramble anyone's brains so thanks for tuning in, and feel free to leave a like or follow, comment below, means a lot as always and thank you guys for the ongoing support!
~ Rock '
4hr bull pennant on xrpusdI normally don’t put too much faith in 4 hour timeframe chart patterns, however should this 4 hour chart bull pennant hold up the bullish breakout target is around $1.10 . As of now it does look like it’s about to break upward, however being a smaller time frame like the 4hr chart there is still a chance this could be a fakeout and the real chart pattern is much bigger and needs to be charted on a higher timeframe. For now at least this looks good. *not financial advice*
📉 XRP FALLS AMIDST UNCERTAINTY 📉📉 Hope everyone's doing alright today, I won't keep you long so thanks for joining ladies and gentlemen.
📉 XRP slipped down below the new support that we added in yesterday losing that level at 0.736 before basically plunking to 0.683 and bouncing back up. Main reason is likely the fact that XRP has failed to regain the 200 EMA on the 15 minutes and lost the hourly 200 EMA as shown on the main chart above.
📉 I have encircled two opposite points of interest which both can offer us some important points to note. Both are roughly/extend to 0.68 thus I'm just going to say it's that for now. And both points have been annotated in white showing the 1st and second test as both are tests of the support at 0.68 which seems to be vital.
📉 Now that we've lost the 200 on the hourly the biggest thing traders will be looking for is a test of support above 0.68 as that was our last major test. If we lose that the most bearish outlook would have us looking at 0.58 followed 0.48. I don't say that to incite fear but simply to let you guys know the next major levels below. Here's the 15 minute chart below:
📉 It's mostly the same chart as yesterday but with the new annotation and volume bars. By looking at the volume we can identify the selloff as mostly whales closing out big positions alongside some retail traders.
📉 Current hourly bar has that wick extending both up and down indicating weak buy and sell pressure thus traders/the market is looking to identify the next trend and whether or not we'll recover prices or continue to slide. For that again refer to 0.68 as a final support if we get there which ofc we'll hope to avoid.
📉 Don't want to keep you guys to long but that's all for today's idea, wanted to at least get something out for you guys, gonna go rest now but feel free to leave a like or follow, never hurts, and all the best.
~ Rock '
Short-Term Bearish Signals, Long-Term UncertaintyShort-Term Plan:
Currently, XRP is trading at $0.6955, which is close to the lower Bollinger Band at $0.6887, indicating some bearish pressure. The RSI value of 27, which is near the oversold boundary, could signify an impending reversal as selling pressure eases. Short term, if XRP can find support at this level, there's potential for a bounce back towards the middle Bollinger Band at $0.7433. However, with the MACD at -0.0177, indicating some bearish momentum, there's also a possibility that the price could further test the lower levels before stabilizing.
Long-Term Plan:
Long-term, XRP's direction will be heavily influenced by broader market trends, Ripple's ongoing legal battles, and any new technological developments. Considering the negative volume oscillator of -1%, the market currently shows a slight preference for selling, which could result in some further short-to-mid-term bearish activity. However, the OBV of 7.313 billion shows significant trading activity and interest in XRP, which could bolster its price over the long term, especially if positive news regarding Ripple's legal issues or increased adoption of XRP emerges.
More Probable Scenario:
Given the present indicators, the short-term view for XRP may lean slightly bearish due to its proximity to the lower Bollinger Band and a negative MACD. As such, XRP may continue to experience downward pressure until the RSI indicates a strong oversold condition, potentially triggering a reversal.
In the long-term view, predicting is complex due to various unpredictable factors, such as Ripple's legal situation and broader market sentiment. The high OBV does suggest significant interest in XRP, but a bullish or bearish trend will heavily depend on these external factors. As always, investors should closely monitor the market and conduct thorough research before making investment decisions.
✏️ $BTC : Big PUMP or DUMP ? (READ THE CAPTION)By analyzing Bitcoin in the daily time frame, we see that the price has been trading in a netural zone in $30,000 for the past 3 weeks! This area was one of the important supply zones that we expected to react to and this happened several times, now the price will probably start its next movement between 3 and 7 days and this movement will probably be powerful! The first scenario is maintaining the support of $30,000 and moving and stabilizing above $32,000. If this happens, I believe that the price will grow to $37,600 to fill the liquidity viod (LV) that was created a year ago! Otherwise, the next scenario will happen when the price loses the $30,000 support, and in this case, the price will probably fall to $26,700 as the first target! Consider these scenarios! This analysis will be updated!
The Main Analysis in 5120*1440 Resolution (8K)
Don't Forghet To Push The Boost (Like) Button and Follow Me for more !
Best Regards , Arman Shaban
🥳 IT'S MY BIRTHDAY! 🥳🥳 Hope everyone's doing great today, this won't be a long idea but wanted to at least get something quick out so here that is for you ladies and gentlemen, thanks. Below is a quick TA chart to visualize stuff:
🥳 We fell below my 0.77 level which I indicated was a strong support and once that happened we slipped down to 0.72-0.71 roughly, finding support at 0.73 where I've added a new level as annotated. Watch that for support. Below 0.73 it'll be anyone's guess what happens, some wild moves going on but that's why we've got levels and TA anyway.
🥳 Will be watching for that 200 EMA reentry or fail if it fails to catch it again but chances are we will forming a higher high on the local but we'll just have to see if that comes true or not. That's all for today's idea, I've gotta go enjoy my Birthday after all but I appreciate you all! Thanks for tuning in and all the best! Feel free to leave a like and follow, comment, really means a lot to me, thanks!
~ Rock '
XRP Ripple is making a correction within uptrendCRYPTOCAP:XRP BITSTAMP:XRPUSD BINANCE:XRPUSDT
XRP Ripple is making a correction within uptrend
Ripple CEO addresses XRP community members amidst SEC v. Ripple lawsuit
CRYPTO BULLISH
US to take a constructive approach in regulating digital assets
War boosts demand in Bitcoin
Big Russian money could flow into Bitcoin to avoid the US sanctions
Fed delivering only a few rate hikes next year would be great news for cryptos
Bitcoin is paving its way to traditional finance
Adidas news is ‘probably a big thing’
Inflation trades will keep doing better and better, crypto better days lie ahead
People rush to Bitcoin as a new-age inflation hedge
The SEC is poised to allow the first exchange-traded fund based on BTC futures
Negative real interest rates and post-pandemic era can boost blockchain
A Bitcoin ETF seems likely to happen, paving the way for the next boom
El Salvador leads world in adopting bitcoin as official currency, a big step
Senate reaches a deal over crypto amendment, supporting to not kill the industry
CRYPTO BEARISH
Reputational setback to further weigh on prices
Cryptocurrencies to take a severe hit amid general market panic and industry-wise discomfort
Russia/Ukraine conflict to accelerate the regulation of the crypto industry
Higher energy prices make crypto mining more expensive
Bitcoin to suffer amid geopolitical tensions
Bitcoin hit by global risk appetite and shutdown in Kazakhstan
Rising US yields are applying a visible downside pressure on the pricing of cryptocurrencies
Biden's infrastructure bill is bad for Bitcoin
Memecoins are now a problem
Cryptocurrencies will be regulated by governments
Spike in energy prices to become a burden for Bitcoin
China bans cryptocurrencies, again
Delta variant causing concerns, risk appetite disappears
SEC v Ripple Silence Left XRP on the Back Foot Again
There were no SEC v Ripple case updates to impact on Sunday. The lack of updates left investors in a cautious mood. After last week’s extended pullback, XRP may face further selling pressure as investors grow anxious about the outcome of the SEC v Ripple case.
Optimism has faded, leading to the XRP pullback from the March 29 high of $0.58479.
On Saturday, Ripple CEO Brad Garlinghouse may have spooked investors, saying.
“Great to meet so many folks from the XRP community at XRP Las Vegas 2023 – the camaraderie is remarkable (and an amazing feeling in person vs Twitter!). This community has stood by and supported Team Ripple as we have fought the good fight… I can’t adequately express my gratitude.”
It is unclear whether the Ripple CEO was aware of an imminent ruling. There was no crypto event to deliver the sixth bearish session of the week.
Overview: XRP MARKETCAPThis is an updated chart, visualizing the XRP Marketcap in a bigger picture.
It's a great way too remind yourself that we are in a bullish market, even though this year
hasn't been too exciting (so far).
From a technical perspective, the XRP marketcap is moving in a big symmetrical triangle/bull flag after the surge in price in 2017.
There seems to be more regulatory clarity, which leads to more institutional investors/users joining Ripple.
A breakout and a continuation of the aggressive upwards trend aligns with a possible bullish Q4 2023/ Q1 2024 and the upcoming Bitcoin Halving.
Please Boost this idea if you like it. This will help the algorithm and motivates me to push more educational videos for you :)
Cheers,
Ares
Ripple Setting Up for Another Major Breakout Soon??There's a lot to take in with this small 4 hour chart on XRP, but before we get into the bullish talk, lets take a moment to recognize that there is bearish divergence with a peak on the RSI. Hence the reason for the most recent pullback in price.
But has it finished playing out yet is the question?
We ask this question due to the fact that theres is a bullish pattern forming that is also giving us different signals on the same RSI.
When we look at the recent swing high on this 4 hour chart, we can see that something that resembles what is called a 3 Rising Valleys pattern is forming and although you typically trust these only at the bottom of a downtrend rather than at the top one.. the triple hidden bullish divergence that has now painted could be giving us a signal of a continuation of trend.
If this is the case, it is my belief that Ripple will have targets of around 1.04 and ultimately 1.25 eventually.
XRP/USDT Technical Analysis ( $10 Target is Next Bull Market ? )XRP/USDT Technical Analysis: Retracement and Targets
In this XRP/USDT technical analysis, we'll explore recent price movements and potential retracement levels. Please note this is not financial advice, and always do your own research.
XRP Price Overview:
XRP is trading at $0.77, surging 100% from the bottom level after the SEC clarified Ripple is not a security.
Expected Corrections:
Possible retracement levels:
0.5 Fib = $0.6983
0.618 Fib = $0.642
0.786 Fib = $0.5618
Strategy and Caution:
Avoid buying in FOMO, prioritize risk management, and research before investing.
Long-term Targets:
In the next bull run, XRP may reach $5, possibly hitting $10.
Accumulation Strategy:
Consider accumulating during dips, especially between 0.618 and 0.786 Fib levels.
Key Levels:
Support: $0.6983, $0.5618
Resistance: $0.88, $1.27, $1.60, Moon
Conclusion:
The recent XRP price surge shows promise for the upcoming bull market. Be cautious, conduct research, and invest wisely. Happy investing!
Follow us for More Quality Updates for Bull Run.
Thank you
💥 XRP SHOULD I BUY OR SELL? IMPORTANT PSYCHOLOGICAL TRADING 💥 💥 Very important idea and question of the week here with our XRP should I buy or sell? Good question and let's see what we can figure, thanks for joining ladies and gentlemen.
💥 XRP's been trending between 0.77 and 0.80 roughly displaying this horizontal channel which has basically displayed this sideways trend with us getting one breakout above for a relatively short period before reversing with the market now testing the waters and looking for a pivot in either way.
💥 Amongst this period of waves and sideways trading I've been getting asked by a few people whether or not they should or should not sell XRP. To start off on that, the question is what is your objective. Before you open a trade you should tell yourself at what price you are going to sell at. In this case the majority of that has been $1.
💥 We nearly hit $1 with XRP's first run up before failing because the traders that had already bought at $1 before decided to sell at $1 as they'd seen the price get lost before and wanted to sell at that price which is psychological for the most part.
💥 If we factor that in then we know now that should we approach that $1 mark again, we'll likely see more sales as the individuals that didn't sell at $1 will see the previous bounce up, reversal and think, if it did this at $1, why shouldn't I just sell at $1 in case it falls down again?
And thus they sell.
💥 What's important is that next time we approach $1, even with the selling we won't have nearly as much as we did the first time with much of the first wave of buyers having hopped out already thus it'll give us some leverage and potentially allow us to breakout/get a leg up above $1 which would be incredible. There's no guarantee that'll happen of course but that's something you guys can take note of, whether or not it does will be if the market has factored in the price of the news and what that news is, it's significance.
💥 Next important thing is why you exactly own XRP. Did you simply buy in to reap a specific percentage? If so then you're more than likely happy with 100% and doubling your money and should sell if that's what your content with/goal was.
💥 What if you bought in because of the utility use case and you believe XRP has an even brighter future? Well in that case you as well as that class of traders/investors will most likely be holding for the long term a couple of years believing that XRP's price has a lot more to rise in the coming years alongside it's utility and real world use/adoption.
💥 Still even with all of that there is another option, you can always sell your XRP for the high percent gain and convert that to another crypto you have faith in. Here's one example of what I'm talking about:
💥 You originally buy $50,000 worth of XRP at 40 cents. Now it's worth $100,000 at 80 cents with a 100% profit. If you believe it has more potential to the downside then the upside you could sell it all for $100,000, then convert that into Bitcoin to give you approximately 3.33 Bitcoin at current prices. Bitcoin has yet to make any major moves being stuck at that $29,000-$30,000 range still so it would make sense to do that if you believe Bitcoin will go back up and further within a year or more. Thus your $100,000 could become $198,000 if Bitcoin we're to hit $60,000 again.
💥 Above is the example of taking profits from one profitable trade and putting them to work in another which may be less risky buy still reap rewards and percentages, sure you're chances of seeing a crazy quick and high percentage rise will be way lower than with XRP, but you're money would also be safer and more than likely still reap profits, albeit in the longer term.
💥 This is all relative to the market cap of course and your risk tolerance. With XRP's market cap of roughly $41 billion right now it still allows a lot more room for growth, to get 100% you would need another $41 billion. Whereas with Bitcoin being at $578 billion, you'll need another $578 billion to hit $60,000 or so. It's a big difference but that's where the risk tolerance comes in. XRP offers a lot more profits but at a lot more risk, whereas Bitcoin may offer less profits but with a lot less risk. That's where it's up to you to think about your tolerance and what you're plan exactly is.
💥Important thing to note is what percent your gains will be taxed at if you do decide to close. Remember that you'll be facing long term or short term gains depending on how long you've held/had and you're income. If you sell for a short term gain there is no 20% like with long term gains, the tax percent can go as high as 37% for short term so it'll range in between 10% and 37% basically. For long term the range is 0 - 20% based off your total taxable income. Below is a link to the site I used which details a lot more on capital gains.
www.bankrate.com
💥 It's been a long enough idea I understand but I wanted to make some points clear, especially for those debating on whether or not to sell, so I hope that helps, because even if all of this were to help only one person, I would still be happy with that, anything for you guys. Thanks for tuning in and feel free to leave a like or follow, simply helps me, thanks.
~ Rock '
XRP: Bullish Pennant BreakoutRipple (XRP) technical analysis:
Trade setup : Breakout from Bullish Pennant pattern confirms the uptrend, with upside to $0.92. Previously, following a breakout from a Descending Triangle, price spiked up massively to $0.92 resistance on favorable legal ruling. This level acted as resistance way back in early 2022. However, it got very overbought (RSI > 80) and saw selling pressures from some profit taking.
Pattern : Bullish Pennant – forms typically following a sharp advance, followed by a brief triangular shaped consolidation in price (a small change in direction), before the previous uptrend (bullish) typically resumes. The period of consolidation should have lower volume and the breakouts should occur on higher volume.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $0.68, then $0.55. The nearest Resistance Zone is $0.92.