Ripple
XRP Long 1$- Price just took out the High and drove FOMO buyers into buying a potential breakout.
- With price dumping afterwards all stops have been ran and price does came back into the initial CISD level.
- This is the optimal long trade entry level with market being in total fear right now.
Take care and good luck.
$XRP Continuation upXRP has held quite nicely during this pullback. It has even decorrelated from BTC towards the beginning of this past week. Held .54 beautifully. Those that show strength during pullbacks will outperform during rallies. The resolution for the SEC case seems to also be just around the corner. Perfect catalyst!
Price reboundOn a daily chart XRP has reached a point where several potential scenarios can unfold.
Possible Resistance Scenarios:
One significant scenario is that if the price can stabilize above $0.645, there is a possibility of growth up to $0.7. This indicates the strong resistance of this level, which, if broken, can pave the way for price growth.
Possible Support Scenarios:
The key support levels for this pair are at $0.585 and $0.54. These support levels can act as safe entry steps and prevent further price declines. If the price reaches these levels and the supports hold, there is a possibility of a price rebound and growth.
Dogecoin Weekly Analysis: +100% Expected Return! (READ CAPTION)By analyzing the #Dogecoin chart on the weekly (logarithmic) time frame, we observe that the price finally managed to fill our desired FVG with a powerful drop, followed by a 57% surge from $0.091 to $0.1437. Now, we can see on the chart that, like other cryptocurrencies in the market, Dogecoin has also undergone a price correction and is currently trading around $0.1130. If the price stabilizes above the $0.091 level, we can expect further growth from Dogecoin, with the next targets being $0.14, $0.1660, and $0.23. The expected return in the medium term is over 100%.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Cardano Weekly Analysis: Ready for LONG ? (READ THE CAPTION)By analyzing the #Cardano chart on the daily (logarithmic) time frame, we observe that the price has started to rise as we expected in our previous analysis, hitting the first target at $0.42 and the second target at $0.45! After gathering the necessary liquidity, it began a further correction and is currently trading around $0.368. As you can see, the $0.317 to $0.36 range is an important demand zone, and we need to see if the price will stabilize above this level. If the price stabilizes above this support level, the medium-term targets will be $0.3810, $0.4270, and $0.4570, respectively.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Ethereum Weekly Analysis: First Short, Then LONG! (READ CAPTION)By analyzing the #Ethereum chart on the weekly (logarithmic) time frame, we observe that after the price reached the Bearish OB zone between $3750 and $4150, it faced selling pressure and corrected down to $2800. Currently, the price is trading around $3000, and we need to see if the support at the $2900 level can hold. In my opinion, Ethereum might correct down to $2500 before starting its next bullish move, driven by increased demand in that area. The important demand levels are $2176 to $2500 and $1367 to $1592. The long-term targets for the price are $4100 and $4880.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
XRP NIGHT ANALYSIS!🌧 Hey hey, thanks for tuning in, hope everyone's doing well, thought it'd be a good night for a quick night analysis so thanks for coming through, this won't take long and here's a reference, link to our previous idea:
🌧 In our last idea we already knew things we're going to get moving pretty soon thanks to that tug a war and ultimately we can see how bulls ended up winning with that one before that resistance kicked us back down at 0.65 thus prompting our fall, especially once we'd lost that 200 EMA.
🌧 That being said here's a 15 minute chart which should make things a lot clearer!
🌧 15 Minute chart makes things pretty clear, we see everything from the loss of the 200 EMA to our descending channel which we're in. Like I said in that previous idea, definitely watch those horizontal levels, can see just how crucial they've been and we may end up retesting 0.541 soon enough if we can't get out of this descending channel though that'll depend on when our 20, 50 EMA's decide to converge and bulls get their grip back.
🌧 Main thing I'll be watching for now is this descending channel and if we get a retest at 0.54 or keep above 0.55 in the least. Just looking for support right now and that being said if we can keep that then we'll get another go at facing that 0.60 cent level which continues to be a fight understandably.
🌧 I'll leave the idea here for now but I simply wanted to come through with that and share some quick thoughts and views is all, thank you for taking the time with me today as always, I appreciate you all and wish nothing but the best. Blessings till next.
~ Rock '
Posted a chart of the XRP triangle fractalWe can see xrpusd is doing something very very similar for the past few years its been forming this massive triangle pattern that it did before the last time it had its massive breakout from a triangle that eventually led to its all time high. On the weekly chart we can see we are now very very close to the apex of this triangle and I have also superimposed a small screenshot of the triangle it broke up from. Back then as it does seem to be repeating itself here. If you zoom in you can see just before it broke up from the previous triangle it painted a big red wick to the downside to fake a lot. Of traders out of their positions before finally skyrocketing up and out of the triangle. This increases the odds that the fractal of that triangle we are in now might also have a big capitulation wick that dips below the current triangle first before the breakout upwards. If we are lucky enough to get a repeat of this fakeout tactic I know I will personally be buying such a dip. Speaking only for myself of course *not financial advice*
XRP Fever Grips South Korea as Traders Anticipate Legal VictoryA surge in XRP trading activity is sweeping across South Korea, propelling the token to its highest price since March 25th. The sudden surge in demand, particularly on domestic exchanges, has caught the attention of market observers, who point to the country's history of fervent support for rallying cryptocurrencies.
South Korean traders are renowned for their enthusiasm for digital assets, often driving rapid price increases through collective buying fervor. This characteristic, often referred to as the "Korean premium," has been a significant factor in the cryptocurrency market, particularly during periods of heightened optimism.
The recent surge in trading volume and price appears to be fueled by growing expectations that the legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) is nearing its end. A favorable outcome for Ripple could significantly impact the price of XRP, as it would likely clarify the regulatory status of the token.
Data indicates that XRP's trading volume on South Korean exchanges has dramatically outpaced that of Bitcoin, the world's largest cryptocurrency. This unusual dominance highlights the intense focus on XRP among South Korean traders. Some analysts suggest that the token's performance in the Korean market could serve as a leading indicator for broader market trends.
While the current surge in XRP price is undoubtedly exciting for investors, it's essential to approach the market with caution. The cryptocurrency market is highly volatile, and rapid price
Moreover, the outcome of the Ripple-SEC case remains uncertain, and any negative developments could have a significant impact on XRP's price. Traders should carefully consider their risk tolerance before investing in XRP or any other cryptocurrency.
Despite these caveats, the recent surge in XRP trading activity is a testament to the enduring appeal of cryptocurrencies in South Korea. As the legal landscape for digital assets continues to evolve, the country's role as a global cryptocurrency hub is likely to grow.
Disclaimer: This article provides general information and should not be considered financial advice. Investing in cryptocurrencies involves significant risks.
XRP Weekly Breaking Through Lines I’ve Had Drawn For Years Recent price action has sent the weekly candle above this multi year triangle I have drawn on the chart here. I have left this wedge formation untouched for years. It has been interesting to see it following so well. With every day the sentiment towards seamless transactions and secured digital money are more of a reality. All while fiat is silently hyper-inflating.
I am bullish and long especially if the weekly candle closed above the line of resistance. I will re-evaulate upon the weekly close and following weeks.
XRP : buy 0.55 $Technical Analysis of XRPUSD Buy Signal 🚀📈
AhmadArz Analysis:
In the 4-hour XRP/USD chart from TradingView, a clear upward trend is observed. The prices are consistently moving within an ascending channel 📊 and have recently reached a new local high. This chart highlights optimal entry and exit points for a successful trade.
Entry Point:
The suggested entry point is around $0.61122. This point is near the middle line of the ascending channel, making it a good entry for continuing the upward trend. 📈
Stop Loss:
The stop loss is set at $0.50705. This level is below the previous support and indicates the end of the current upward trend if breached. 🛑
Take Profit Levels:
TP1: $0.59686
TP2: $0.63724
TP3: $0.68110
TP4: $0.73448
These profit targets are set progressively as the price reaches higher resistance levels, allowing the trader to exit the trade gradually and lock in profits. 💰
Important Points:
Ascending Channel: The black lines indicating the channel represent dynamic support and resistance. Prices continuously move between these lines. 📊
Strong Trend: The steep slope of the channel indicates a strong upward trend, increasing the likelihood of this movement continuing. 🚀
Entry and Exit Points: The selection of entry and exit points is optimized using technical analysis to provide maximum profit with minimum risk for the trader. 📈
This analysis serves as a practical guide for traders looking for optimal opportunities to enter the market and profit from strong trends.
Ripple (XRP): brief price analysisXRP has been stuck between $0.57 and $0.64 for the past few days, indicating a balance between supply and demand.
The upsloping 20-day EMA ($0.57) and the RSI near 63 suggest that the bulls have the edge. The XRP/USDT pair could rise to $0.64, which is an important level to watch out for. If buyers clear this hurdle, the pair may pick up momentum and surge to $0.74.
Contrary to this assumption, if the price turns down and breaks below the 20-day EMA, it will signal that the bears have seized control. That may start a slide to the 50-day SMA ($0.51).
XRP AND THE TUG OF WAR! ⚡️ Hey hey, hope everyone's well as always, wanted to make a real quick tune in and follow up to our last idea so let's take a quick look and here's a chart and link to our previous idea for reference and thanks for tuning in:
⚡️ In that previous idea we we're considering XRP either getting ready for a breakout or possibly falling and on that note I'll attach a 30 minute chart which will help us look at things on a better scale:
⚡️ Off the chart we can see that since our previous idea, we have in fact exited that ascending channel however we haven't fallen! Instead we can see this fight that's playing out between bears and bulls. Based off past trading action most of you guys that have been with me already understand what we're looking at. We've got a horizontal channel which has formed or a 'tug of war' as I like to call it!
⚡️ Based off what we can see it's easy to identify our support and resistance levels which I'll be setting some alerts for, those alerts at 0.59 and 0.60 should help us keep tabs on when price really moves. With this horizontal channel having formed it's a tug of war between both teams until we get a break out of the channel, what matters then, will be which way we break out of the channel notably.
⚡️ You already know, we break below the channel and lose that 200 EMA then chances are more than likely we'll fall till we hit another strong support level which we can't be certain of since we don't exactly have any levels on the local timeframe so definitely be wary if we do fall and watch my solid horizontal levels below for support at 0.541 and 0.55 if it comes down to that scenario. That being said and all, we can always break to the upside and get a breakout, that's a possibility of course but there's one thing I'd like to say before finishing this idea.
⚡️ XRP is in a crab market currently which is a stock trading reference to a market that's a bit indecisive, basically meaning that the market's trading in a sideways and rather neutral manner, things may not exactly be bullish but they aren't bearish either, lately what's been driving price action the past few weeks has been these channels we've been moving through, not news as we've become perhaps a bit too accustomed to this year with so many announcements and events.
⚡️ So please do take that into account, the markets in sort of a neutral territory right now and we may be in this sort of stagnant up and down cycle for a bit until we get some news or some real catalyst and reason for traders to either be bullish or bearish, that's more than likely why price action has been rather slow these past few weeks.
⚡️ I've got to run, busy day as usual but thanks for stopping by and I'd love to hear some thoughts from you guys as always, simply doing what I can and sharing a thought or two when I can. Thanks for the support as always, make sure to keep tuned and blessings till next!
~ Rock '
XRP: Outperforming Bitcoin and EthereumThe cryptocurrency market is a volatile landscape, marked by sudden shifts in investor sentiment and regulatory uncertainty. Amidst this turbulence, XRP has emerged as a standout performer, outpacing both Bitcoin and Ethereum. This exceptional performance can be attributed to several key factors, including its unique value proposition, technological advancements, and the evolving regulatory landscape.
Unlike Bitcoin, which primarily functions as a digital store of value, XRP is designed to facilitate fast, low-cost, and global payments. This focus on utility has made it particularly attractive to financial institutions and remittance services seeking to streamline cross-border transactions. Additionally, XRP's consensus mechanism, which is significantly faster and more energy-efficient than Bitcoin's proof-of-work, provides a compelling advantage.
While offering smart contract functionality, Ethereum has faced scalability challenges that have impacted transaction speeds and costs. XRP, on the other hand, has been engineered to handle high transaction volumes efficiently. This superior scalability makes it a more viable option for real-world applications, such as payments and remittances.
A crucial factor driving XRP's recent outperformance is the improving fundamental backdrop. The long-standing legal battle between Ripple and the SEC has cast a shadow over the cryptocurrency. However, with Ripple CEO Brad Garlinghouse expressing optimism about a resolution in the near future, investor confidence in XRP has been bolstered. A favorable outcome in the lawsuit could potentially unlock significant institutional investment and propel XRP to new heights.
Furthermore, XRP's growing ecosystem of partnerships and integrations is solidifying its position as a leading player in the global payments landscape. By collaborating with financial institutions and payment providers, XRP is expanding its reach and demonstrating its practical utility. This expanding network effect is likely to attract more users and investors, further driving price appreciation.
While XRP's performance has been impressive, it is essential to approach any investment with caution. The cryptocurrency market remains highly volatile, and regulatory risks persist. However, the confluence of XRP's unique value proposition, technological advantages, and improving fundamentals positions it favorably for continued outperformance in the long term. As the broader cryptocurrency market matures and institutional adoption accelerates, XRP's focus on utility and scalability could give it a significant competitive edge.
Ultimately, the decision to invest in XRP should be based on thorough research, risk tolerance, and a long-term investment horizon. By carefully considering these factors and staying informed about market developments, investors can make informed decisions about whether XRP aligns with their investment goals.
Why is XRP ranging? I was expecting this range and i told you in my previous idea. But why? XRP is a news coin, that pump and dump following the news about the legal case. There are lot of rumors now about a settlement. The actual price is a range zone, where we have volumes and liquidity. That's why i was expecting a range here. Probably, here orders are accumulating and retails will short, while whales will manipulate the price once again before pumping the price. I expect a legal resolution this year, and a new ATH
BTW, it's always me, ex CFG, just decided that a rebrand was needed