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Rippleanalysis

XRP Aiming for $0.73? Don't Let the Bear Channel Fool You.XRP has been marching to the downside for weeks and it would seem there's no end in sight. Except that we're currently sitting on what *used* to be a resistance zone of $0.55-$0.57. RSI is around 40, Bitcoin could fall to $35,000, the million-dollar question is (hopefully literally): How do we trade this? If our only point of analysis is the bear channel, then we would always be looking for a short, which is reasonable. Several other data points interfere with that bias. XRP is currently sitting on what previously was resistance that is now being tested as support; in the $0.55-$0.57 price range. We also have 4 pushes to the downside (you could argue 3 and this is the double bottom) which is a reversal signal that we should watch out for. Bitcoin is also facing a potential pullback which as a leading indicator, could hinder XRP's ability to mobilize to the upside. The RSI is also around 30.00, a weak indicator on its own, but supports the other data points in this analysis. This is why we should wait for a bull signal and confirmation bar at support before rushing into a long position. We need that confirmation to increase our probability of profit. Key Points 1. In a Bear Channel, but 4 pushes down complete. 2. Currently Testing Previous Resistance Turning Support. 3. Wait for Bull Signal and Confirmation 4. RSI at 30.00, Reversal to the Upside Probable. 5. Use Caution, Bitcoin could fall further and take XRP with it. You are solely responsible for your trades, trade at your own risk! Let us know what you think in the comment section below!
Long
by TraderEngineering
XRP will Go🛫UP🛫 by Falling Wedge Pattern⏰(1-Hour)⏰✅ XRP is moving inside the 🟡 Price Reversal Zone(PRZ) 🟡 and near the Support line ; also, XRP has succeeded in forming a Falling Wedge Pattern . 🌊In terms of Elliott Waves , XRP was able to complete the end of main wave 5 in 🟡 Price Reversal Zone(PRZ) 🟡. 💡Also, we can see Regular Divergence(RD+) between two Consecutive valleys . 🔔I expect XRP will go UP at least to the 🔴Resistance zone($0.494_$0.489)🔴 after breaking the upper line of the Falling Wedge Pattern. XRP Analyze ( XRPUSDT ), 1-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
16
XRP will ⚔️Attack⚔️ to 🟢Support zone🟢⏰(4-Hour)⏰✅ XRP seems to have succeeded in breaking the Support line . 🌊In terms of Elliott Waves , XRP completed a Double Three Correction(WXY) . 🔔I expect XRP to attack the 🟢 Support zone($0.4950_$0.4820) 🟢 in the coming hours. ---------------------------------------------------------------------------- 🌐➕ Positive News ➕🌐: Judge rejects SEC’s motion to file an appeal against Ripple ruling. Crypto CEO Very Bullish On XRP Price, Sets Make Or Break Point. 🌐➖ Negative News ➖🌐: XRP Eyes Epic Outflows from Korea's Major Exchange to Mysterious Wallet ---------------------------------------------------------------------------- XRP Analyze ( XRPUSDT ), 4-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
23
Ripple XRP price hints at growth that is hard to believeWill the XRPUSDT price surprise us in the near future? Such thoughts began to spin in my head while watching the "heavy" and long-forgotten BCH being pumped. At the moment, all the prerequisites for the XRP price to start growing, organizing a way out of the classic consolidation, are visible on the chart. The only thing missing is the initial "magical kick" from big money to set the movement vector. According to our calculations, the targets for the possible growth of the XRPUSD price are $0.75 and even $0.95, which is already x2 from the current price, which is an unprecedented luxury since 2021) We can also think about the "conspiracy theory" :) It seems that now there is a "certain capital" allocated, which will be used to pump and "inflate" the liquidity of old and reliable altcoins, before they are announced to be listed on a new exchange "EDX Markets" for "big money trillion-dollar funds" Since the capitalization of XRP is 5 times higher than, for example, BCH, the price pamp of XRP will be proportionally lower than that of BCH. That is, conditionally! In recent weeks, $100 million has been spent on accelerating the price of BCH - a result of +200% to the price of BCHUSDT. If the same conditional $100 million is spent on accelerating the price of the "5 times heavier" XRP, the result of +40% will already be a good result! Do you think that everything is just beginning, and bright times are ahead for the crypto market? _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
28
Ripple: Rollercoaster 🎢After the exciting rollercoaster ride during the past few weeks, Ripple has lately been showing more interest in following our primary scenario. We expect the altcoin to resume the downwards movement, heading for the support at $0.2874. Soon, our crypto friend should drop below this mark to finish wave (c) in magenta and then turn upwards again. However, there is a 40% chance that Ripple could have already finished wave alt.(c) in magenta and thus climb directly above the resistance at $0.5847 to develop wave alt.i in orange.
KRAKEN:XRPUSD
by MarketIntel
1
XRPUSDT DAILY : CUTE FOR TRADEHi Guys Hope you well. Well, as you can see, with the pump in the past weeks, it can be said that Ripple Guard is on the rise. I have drawn two scenarios for you. Do not forget that Ripple also has good news coming. SecondChanceCrypto ⏰27/May/23 ⛔️(DYOR) always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment.
Short
by Secondchancecrypto
Ripple: Dive 💦Ripple should continue the header it started from the high of wave (iv) in blue, diving into the turquoise zone between $0.3747 and $0.1720. To complete wave (c) in magenta, the altcoin should even sink below the support at $0.2874 before bobbing up again. There is a 35% chance, though, that Ripple could reject another bath and climb above the resistance at $0.5847 instead to develop wave alt.i in orange. In that case, we would consider wave alt.(c) in magenta to be already finished.
KRAKEN:XRPUSD
by MarketIntel
3
#Ripple Prices Dropping, XRP Sinks 13% as Bears Aim at $0.40Past Performance of Ripple Like the rest of the market, Ripple is under pressure, pulling back from H1 2023 highs. XRP is currently down 13% from this week's highs. Considering the formation in the daily chart, the coin might continue plunging in the days ahead, an opportunity for aggressive traders. #Ripple Technical Analysis Even though trading volumes are relatively low, the drop of April 19 had high participation levels. Therefore, sellers have the upper hand from an effort versus result perspective. This preview will only change if there is a sharp high-volume expansion above this week's high. Notably, the April 19 bearish bar is also wide-ranging, coming days after horizontal consolidation from February peaks. Since there has been a confirmation, traders can look for entries to short, provided prices are below $0.53. As it is, the next target will be at $0.40, marking the 78.6% Fibonacci retracement level of the March 2023 trade range. If XRP bears continue pressing on, the coin may crash to as low as $0.37. What to Expect from #XRP? Sellers are in control, and prices are pulling back from March highs after extended periods of consolidation. The April 19 bear bar anchors this formation. Unless there is a comprehensive reversal, bears remain in control. Resistance level to watch out for: $0.53 Support level to watch out for: $0.40 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
2
#Ripple Retraces from March Highs, Support At $0.48Past Performance of Ripple Ripple is bullish when writing, trading above $0.50, and the middle BB when writing on April 12. However, the momentum has since reduced, and buyers must sustain the uptrend. As it is, the wide-ranging bull bars of March 25 to 29 define the medium-term trend. #Ripple Technical Analysis In the short term, the April 3 bear bar anchors the current formation. Resistance lies at $0.52, while support is at $0.48. Though trading volumes are relatively low, how prices react in the days ahead will determine the trend. Ideally, since buyers have the upper hand considering the upswing of March 25 to 29, a breakout above $0.52 may draw demand, aligning with the primary trend. Meanwhile, a high-volume sell-off pushing the coin below $0.48 and last week's lows may see XRP drop to $0.43, the 78.6% Fibonacci retracement level of the March trade range. What to Expect from #XRP? Buyers are ecstatic about what lies ahead, factoring in the expected conclusion of the Ripple-SEC case. Still, for this to be valid, there must be a comprehensive close above immediate liquidation levels as mentioned above. Critically, a close beyond the recent consolidation might set the motion for another leg up toward $0.58. Resistance level to watch out for: $0.52 Support level to watch out for: $0.48 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
Ripple can continue to fall and break support line of triangleHello traders, I want share with you my opinion about Ripple. Looking at the chart, we can see how the price made a big fake breakout of the resistance area, bounced back and started falling. After breaking through the support level 0.5275, Ripple made a deep correction, tested the current resistance level and continued to move down. Reached the level 0.4810, the price changed direction, began to rise and re-tested the resistance level 0.5275. Over time, Ripple created a symmetrical triangle and trades inside. We see how the price has re-tested the resistance line of the triangle and decreased. Ripple is currently trading below the resistance line, but could rally and retest it. I think that after a possible retest, the price can continue to fall and break through the support line of the triangle. After a possible breakthrough, Ripple can continue to decline, so I set the targets at levels 0.4980 and 0.4900. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
11
#Ripple Bullish and XRP May Rally above $0.58Past Performance of Ripple The uptrend remains when writing, but XRP is down, retracing from recent peaks at $0.58. There are fundamental drivers behind this leg-up. Whether Ripple, the company, will emerge victorious, XRP could float to as high as $0.70 in the weeks ahead. For now, XRP is recoiling from a key reaction point, and there needs to be a push higher for trend definition. #Ripple Technical Analysis XRP traders are bullish. Even though there is a cool-off, the immediate resistance is at $0.58, coinciding with February 2022 lows. Meanwhile, support lies at the March 21 bull bar at around $0.50. This wide-ranging bar also serves as the anchor bar that shapes the short to medium-term trend. As it is, every high above $0.50 may offer an entry for optimistic buyers targeting a retest of $0.58. This has been helped by the relatively low trading volumes of the recent days accompanying sellers. Overall, this is a net positive for traders and could support XRP from a volume perspective. What to Expect From #XRP? Traders expect XRP to expand and break above the multi-month consolidation above $0.58. However, the spark depends on the ongoing Ripple-SEC case that's almost being concluded. Should it be judged favorably, XRP could explode above Q1 2023 highs to $0.70 or better. Resistance level to watch out for: $0.58 Support level to watch out for: $0.50 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#Ripple In a Bull Flag, Uptrend Valid Above $0.35Past Performance of Ripple Ripple prices remain suppressed, as visible in the daily chart. Although there are gains, buyers are not fully in control. The overall trend is upward from the XRP candlestick arrangement from December to January 2023. Nonetheless, the coin is currently within a bull flag, as has been the case after XRP peaked in January. The lower lows of the past few weeks need to be broken for a clear trend to emerge. Any bullish breakout above $0.40 could draw demand, reviving optimistic buyers. #Ripple Technical Analysis In the past few weeks, XRP remains under pressure. It is down 14% from January highs, with support at $0.35. With prices edging lower inside a bull flag, prices must soak any attempt for lower lows if the uptrend is to resume. As it is, traders can wait for confirmation of recent bull pressures above $0.40. If the surge is with expanding volumes, XRP may print higher in a buy trend continuing formation towards January high at $0.45. What to Expect from #XRP? The coin is within a descending channel, inside a bull flag. With defined limits, buyers will be in charge if prices are above $0.35. However, this could change should there be a contraction, confirming March 9 losses. In that case, XRP may drop to December 2022 lows. Resistance level to watch out for: $0.40 Support level to watch out for: $0.35 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
Ripple: Rip into it! 👊Why so shy? Ripple has kept to the upper half of the turquoise zone between $0.3747 and $0.1720 so far and has not yet dared to go deeper. However, we expect our crypto-friend to rip into the turquoise zone with gusto, breaking through the support at $0.2874. Below this mark, Ripple should finish wave (2) in magenta and subsequently turn upwards again. There is also a 25% chance, though, for the altcoin to climb above the resistance at $0.5587 directly instead.
KRAKEN:XRPUSD
by MarketIntel
#Ripple Pinned Below $0.42, Will XRP Overpower Sellers?Past Performance of Ripple XRP prices are lagging the market and are yet to clear above current liquidation levels. The trend remains bullish, and the coin has been edging higher in the past few trading days. The immediate resistance line is $0.42, while the support is $0.36. If the uptrend is to hold, the coin must break above February high convincingly. #Ripple Technical Analysis There are higher highs, apparent in the daily chart. However, compared to the sell bar of February 13, trading volumes are relatively low. This is a concern since the uptrend might not be with sufficient demand. Accordingly, while prices are posting higher highs, the only assurance that the recovery is solid is if XRP blows past $0.42. Ideally, the breakout bar should be with expanding volumes, pointing to participation. In that case, XRP may expand to $0.50 in a buy trend continuation formation. What to Expect from #XRP? Buyers are confident, but this will only show if XRP clears above immediate resistance levels, registering new Q1 2023 highs. The primary support is at $0.36. Resistance level to watch out for: $0.42 Support level to watch out for: $0.36 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#Ripple Bulls Find Resistance at $0.42, Drops 8% Past Performance of Ripple Ripple prices dropped from January and Q1 2023 highs on January 30. The coin is down eight percent from the liquidation level at around $0.42. Following yesterday's losses, XRP prices are back to the middle BB in a retest to the dynamic support. For the uptrend to remain valid, prices must hold steady above the $0.38 and $0.40 zone. #Ripple Technical Analysis Bears are, from a top-down preview, in charge, per the formation in the daily chart. The immediate support is $0.42, marking December 2022 highs. If buyers are to be in control, there must be a sharp, high volume close above last week's highs. However, if buyers fail, there will be a double top, and yesterday's bearish engulfing bar may define the short term. XRP bears may force the coin to $0.36 and $0.34 in a retracement that may heap more pressure on buyers. What to Expect from #XRP? For XRP to retest H2 2022 highs at $0.55, the immediate liquidation line at $0.42 must be broken with expanding volumes. Failure might trigger a sharp sell-off, swinging price action back to bearish territory after welcomed gains from mid-January 2022. Resistance level to watch out for: $0.42 Support level to watch out for: $0.38 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
1
#Ripple Bulls In Charge, Will XRP Break Above $0.42?Past Performance of Ripple Ripple is relatively higher, tracking the rest of the crypto markets. Even though there are weaknesses and rejection from the liquidation line, XRP buyers are in control. As it is, the coin may breakout to register new Q1 2023 highs in the days ahead. #Ripple Technical Analysis The immediate resistance is at $0.42. Buyers may be taking profit, explaining the retracement. However, from a technical perspective, the $0.42 line is a crucial reaction point that buyers must overcome. In that eventuality, the breakout must be with rising volumes. This move would allow buyers to double down, targeting $0.50. Conversely, any loss below $0.39 and January 23 low may slow down the uptrend, allowing traders to ramp up their liquidations. What to Expect from #XRP? Bulls are in command, but prices are retracing from a critical resistance level. For confirmation, there must be a definitive close above this line. This would rejuvenate buyers targeting November 2022 highs. Resistance level to watch out for: $0.42 Support level to watch out for: $0.39 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer