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Ripplebtc

XRP and the coming new all-time-high.XRP's price has been lagging behind the market, but it makes sense as Ripple has admitted to dumping XRP on retail's head during the rallies. As it stands, the selling of XRP is Ripple's only way to raise capital. However, XRP still remains the only single cryptocurrency on the entire market that has legal clarity. Not even Bitcoin has this, even though it is falsely touted to have such by Bitcoin shills all over the internet. Once the lawsuit is finished, there will be nothing standing in the way of XRP finding true price discovery, and people who have gained massive amounts in other cryptos will be taking profits out and reinvesting them in undervalued assets like XRP. I see a short squeeze from hell coming to XRP very soon! Good luck, and always use a stop-loss!
BINANCE:XRPUSDLong
by MetaShackle
XRP's rally today isn't the real breakout, but it's coming soon!Bitcoin bounce hard today taking out the 50K psychological barrier. Many alt-coins followed as well. Some like XRP rallied a little bit, but not too much. Why? Because, the money inflows right now are mainly focused on Bitcoin, and a few altcoins, but when the Bitcoin rally runs enough, cash will flow into cheaper alternatives. XRP is showing a bearish divergence on the hourly chart, which most likely is indicating that the price action will fall back to, or near the lower trend line on the chart above. This same pattern played out not to long ago, and will likely repeat, as the people that missed today's rally will be looking for an entry point if/when it pulls back, and the additional money inflows will cause each following run to gain momentum until it ultimately breaks through the upper trend line, pulls back, bounces off it, then runs for a nice gain. This is just my opinion, and in trading there are no guarantees or absolutes! Good luck, and always use a stop. #NeverFOMO
Long
by MetaShackle
3
"Ripple Faces Crucial Resistance, Potential Breakout Looms"Ripple (XRP) Navigates Pennant Formation: Critical Juncture Signals Potential Breakout Ripple's XRP, a cryptocurrency known for its unique utility in cross-border payments, is currently at a pivotal moment in its price action. On the shorter time frame, XRP is exhibiting a compression pattern resembling a pennant formation, suggesting an imminent breakout. However, the rejection off the downward resistance within this pattern is signaling caution among traders. A pennant formation is a technical chart pattern characterized by converging trend lines, forming a triangular shape resembling a pennant. Typically, this pattern occurs after a strong price movement and indicates a period of consolidation before a potential continuation of the prior trend. At present, XRP is witnessing a compression within this pennant formation, with price action oscillating between the converging trend lines. The rejection off the downward resistance line is a crucial development to note, as it indicates selling pressure at higher levels. For traders and investors, this is a key point in time to closely monitor the XRP chart. The rejection off the downward resistance suggests that XRP may be poised for a breakout to the downside. If this scenario unfolds, the coin could potentially test the 31 cents support level once again. A breakdown below the bottom trend line of the pennant could result in a significant decline, possibly leading to a 30 percent loss from current levels. Such a move would warrant careful risk management and could trigger further selling pressure among investors. However, it's important to consider the alternative scenario. If XRP manages to hold the lower boundary of the pennant and subsequently breaks above the red expanding range resistance, it could signal a bullish breakout. In this case, traders may look to play the breakout, anticipating a continuation of the prior uptrend. As always, trading cryptocurrencies involves inherent risks, and it's essential for traders to conduct thorough analysis and implement appropriate risk management strategies. While the pennant formation presents a potential opportunity for traders, it also carries the risk of a downside breakout. Therefore, exercising caution and closely monitoring price action is paramount in navigating these uncertain market conditions.
BITSTAMP:XRPUSD
by UnknownUnicorn2319099
2
Warning! XRP looks like it's about to fall of a cliff!XRP has dropped below the bottom descending wedge trend line, and is now in very dangerous territory! If price fails to get back above the lower trend line, it looks like XRP will literally sh@t the bed, and fall off a cliff! If this is the case, we could see XRP in the lower .40's quicker than you think. Selling into the market by short's opening short positions, forced liquidations from spent long positions, and panic selling by investors/traders who bought in the mid .50's hoping for a rebound, may cause 'The Perfect Storm!' This will be very interesting to watch!
by MetaShackle
2
"Anticipation Builds as Massive 6-Year Bull Pennant Takes Shape"XRP Ripple: Chart Analysis and Market Overview XRP Ripple, one of the prominent players in the cryptocurrency space, has recently captured the attention of traders and investors as it navigates a critical juncture in its price action. With the token currently holding a major make-or-break support level at 50 cents, coupled with the formation of a 6-year bull pattern compression, market participants are closely monitoring XRP's chart dynamics and assessing its potential for future price movements. Understanding XRP Ripple XRP Ripple is a digital asset and payment protocol created by Ripple Labs Inc., designed to facilitate fast and low-cost cross-border transactions. Unlike many other cryptocurrencies, XRP does not rely on blockchain mining for transaction validation. Instead, it utilizes a consensus mechanism known as the Ripple Protocol Consensus Algorithm (RPCA), which enables near-instantaneous settlement of transactions. The Chart Dynamics At present, XRP Ripple finds itself at a crucial juncture on the price chart, with the 50-cent level serving as a critical support zone. This level holds significant importance as it has historically acted as both support and resistance during previous price cycles. Additionally, the formation of a 6-year bull pattern compression indicates that XRP is undergoing a period of consolidation, with price action tightening within a narrowing range. Bullish Outlook Despite the uncertainty surrounding the cryptocurrency market, the overall sentiment towards XRP Ripple remains bullish. Several factors contribute to this optimistic outlook. Firstly, the token's utility as a cross-border payment solution continues to gain traction, with Ripple forging partnerships with financial institutions and banks worldwide. Additionally, the recent clarity in regulatory matters surrounding XRP has provided a boost of confidence to investors. Potential Risks However, it's crucial to acknowledge the potential risks associated with XRP Ripple's current price action. The looming threat of a breakdown below the critical 50-cent support level, especially if accompanied by significant volume, could trigger a cascade of selling pressure and potentially lead to a freefall in price. Moreover, regulatory uncertainties, particularly in the United States, continue to cast a shadow over XRP's long-term prospects. Market Sentiment Market sentiment towards XRP Ripple remains divided, reflecting the uncertainty and volatility inherent in the cryptocurrency market. While some investors remain cautiously optimistic about XRP's future potential, others adopt a more conservative approach, awaiting further clarity on regulatory and legal matters. Nevertheless, the overall consensus appears to lean towards a bullish bias, supported by positive developments within the Ripple ecosystem. Conclusion In conclusion, XRP Ripple stands at a critical juncture on the price chart, with the 50-cent support level serving as a key battleground for bulls and bears. The formation of a 6-year bull pattern compression adds further intrigue to XRP's price action, with the potential for a significant breakout in either direction. While the overall sentiment remains bullish, investors should remain vigilant and closely monitor developments in the cryptocurrency market, as regulatory factors and external events could influence XRP Ripple's trajectory in the near term.
BITSTAMP:XRPUSDLong
by UnknownUnicorn2319099
2
XRP price fractalsWe've seen the 3 stage breakout pattern twice in XRP on the weekly chart. The first level gained magnitude from the 1st level breakout to the 2nd level. Assuming that the next XRP breakout from the 2nd to the 3rd level is at a minimum equal, here are the projected price patterns you can expect. Keep in mind that if the fractal pattern continues, then the accent to the 3rd level will gain magnitude over the 2nd and will be larger than the estimate below. First wave - $5.28 Second wave - $29.13 Third wave - $289.8
BITSTAMP:XRPUSDLong
by MetaShackle
12
Exciting Opportunity: XRP's Recent Falling Wedge Signals a BulliI wanted to reach out and share some fantastic news about XRP, as it has recently formed a falling wedge pattern that indicates a potential bullish breakout in the near future. This is definitely a moment to pay attention to! For those who may not be familiar with technical analysis, a falling wedge is a bullish chart pattern characterized by converging trendlines that slope downwards. It typically represents a period of consolidation before a significant upward move. And guess what? XRP has been forming a beautiful falling wedge pattern, setting the stage for a potential breakout to the upside! Now, I understand that investing involves risks, but the current market conditions and XRP's technical setup make it an incredibly enticing opportunity for those looking to go long on XRP. The falling wedge pattern suggests that the price of XRP is likely to experience a strong upward movement, possibly leading to substantial gains for investors who position themselves accordingly. So, why should you consider going long on XRP? Here are a few compelling reasons: 1. Technical Indicators: Traders and analysts widely recognize The falling wedge pattern as a bullish signal. It serves as a strong indication that XRP's price is likely to reverse its downward trend and embark on a significant upward trajectory. 2. Ripple's Expanding Ecosystem: XRP's underlying technology, RippleNet, continues to gain traction and adoption across the globe. Ripple's partnerships with major financial institutions and banks indicate a growing demand for XRP as a bridge currency for cross-border transactions. 3. Market Sentiment: With the overall market sentimenat turning increasingly positive, XRP stands to benefit from the broader cryptocurrency market's recovery. As investor confidence grows, XRP's potential for substantial gains becomes even more promising. Now, I don't want you to miss this exciting opportunity! It's time to take action and consider going long on XRP. Investing always carries risks, so it's crucial to do your own research and seek professional advice if needed. However, with XRP's falling wedge pattern and the positive factors mentioned above, the potential rewards could be well worth it!
BITSTAMP:XRPUSD
by bryandowningqln
1
XRP will easily see a 20% to 25% gain from current levels.XRP has been on a tear this past week, and there's no sign of it stopping anytime soon! I think we will easily see XRP gain 20% to 25% in short order. I think there's a good chance that price will hit the bottom trend line of the developing wedge pattern first, but it also may not. Watch the top trend line as your key indicator, and adjust it as needed to help predict the next move up according to your trading ideals. Good luck!
BITSTAMP:XRPUSDLong
by MetaShackle
A 'major breakout' in XRP will occur on or around...I'm calling this prediction the 'Phi Breakout.' On July 2nd I predicted a false breakout and a major breakout would both occur in XRP. Although my dates were wrong, the false breakout occurred on July 13th. I'm now adjusting the date for the major breakout based on my mathematics. I'm predicting that on or near September 22nd 2023 we will see the 'major breakout' in XRP that we have all been expecting. Here's how I came to that assessment. The Ripple/SEC case was settled on July 13th, which was the 164th day of the year. 164 days times Phi (1.618) = 265.35 which would be September 22nd at 8:04 a.m. I also believe based on my math that another event will occur with XRP on February 18th 2024 which would be 265.35 (Sept 22nd) times PI (3.14) which would be 514.96 or February 18th 2024 between 10:57 p.m. and 10:58 p.m., but I'm not sure what it's going to be yet, so I will reassess later assuming my September 22nd prediction is correct. So, we'll see if my theory about using sacred geometry to predict price movements in stocks/cryptos proves to be correct, as that 'major breakout' prediction date is only weeks away. Happy trading folks, this isn't investment advice, just my theories!
BITSTAMP:XRPUSDLong
by MetaShackle
4