XRP-6h. The $0.46 target is still relevant.While various coins, such as UNI ADA , LINK , have been enriching their investors all last week, XRP has continued to gain strength.
The fact that the previous weekly candle closed above 0.26 is already an achievement for the XRP market. The initiative of buyers, which they started on January 6-7, is preserved. On January 15, sellers showed weakness and failed to update the local low. The sellers' attack of January 11 markedly began to end.
Trading volumes near the local critical price zone $0.24-0.26 are very low. This fact denies the preparation of sellers for the breakdown of this range.
Therefore, our main scenario is a breakdown of consolidation upwards with the first target of $0.36-0.38.
By the nature of the price increase, it will become clear whether buyers have the strength to continue to grow to the global target of $0.46-0.48 without correction. However, the confirmation of this scenario will be breaking the mark of $ 0.31
We will consider an alternative scenario in case the BTC price correction starts. Fixing below $32,000 The situation in the XRP market can change dramatically. In this case, we will consider a test in the range of $0.17-0.18.
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XRP- The best scenario looking forwardNow that the 'Ripple frenzy' is more quiet, it is time to have this chat. What is the very BEST scenario for Ripple (and it's XRP coin)
I know a lot of you went into Ripple just a few months ago, following the news, propaganda, YouTube videos , newsletters, or just friends' advice to get into the 'next bitcoin', the 'best crypto' etc etc
A lot of you might went in for a short term investment, or trade.
Then everything happened, airdrop, SEC, Ripple dropped at the 0,76 roof as i had predicted (I am not a psychic, it was just technical analysis)
Well guys, you did not make a bad call. What might appear as a 'bad call' can always turn out being the right one. If of course you manage to have the patience (and margin) to wait.
BEST SCENARIO FOR RIPPLE (XRP):
Since it is different from Bitcoin and almost all the rest, the best way forward is to go PUBLIC and fly.
Imagine Ripple traded on SP500 or Nasdaq in a few years. Possible? Well, everything is possible.
First the SEC situation must be resolved, it appears to be the big problem now and it is but at the same time it could be a key good factor for the future.
Ripple boss Brad Garlinghouse did announce plans to take the company public, at Davos in mid 2020. So the idea is there.
ps. We can NOT cross out Ripple completely. After all is very different from Bitcoin and that at some point might be a major advantage. Ripple is a 'brand' and potentially it could a be a brand destined for much higher flights.
XRP Will Move Upwards Again, If It Breaks Through ResistanceIn this technical analysis I will walk you through a long set-up I found when charting XRP. There are a few important parts that I want to highlight on this chart.
Position:
I suggest a long position here on XRP as we see the entire crypto market trending upwards over the last few hours. Also, XRP is making higher lows and is about to break through a horizontal zone
Entry:
I wouldn't enter just yet. Though I suddenly see some bullish signals on XRP I wouldn't say it's confirmed yet. I suggest to wait for a proper breakout through the horizontal zone before you'd enter. This would be around the $.317 level.
Take profit:
As we've seen at least three times before on this chart the $.370 level is incredibly important. There is very clear resistance on this level. I suggest taking profit slightly below there to maximize the chances on a fill
Stop loss:
The risk reward is not good enough to hold it and potentially lose money towards the next horizontal level. Instead I suggest using a stop loss directly below the horizontal level to make sure you protect from downfall. Especially on an asset that has a lot of negative news like XRP has.
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XRP try to break resistance zoneXRP / USDT
Buyers try to break strong resistance zone
Its equal 0.5 fib level
We can see on lower time frames ascending traingle formation similar with that in BTC
Bulls need to break this resistance and we can look at it again on successful retest
On MACD :
is about to be bullish
thanks for reading ...
good luck
Has the Altseason started?
Evidence suggests that in order to be able to predict the onset of the Alt season, we need a descending bitcoin dominance. According to the 10-days analysis of the Bitcoin dominance, the probability of the formation of an Expanded Flat pattern structure is very high, and the targets for this downturn are in the range of 57.67 to 51.61.
BTC.D :
( 10 Days )
On the other hand, by considering the bitcoin chart itself, and monitoring the RSI in the balance area (middle) range, it is possible that after a sharp uptrend, the price is in resting position, and forming a Triangular pattern (The range moving in this area)
On the other hand, by examining the dominance of the Ethereum, Ripple and other currencies, we can have a count for their uptrend movement, and increase of dominance for them
For example, for the Ethereum
( 10 Days Chart )
For Ripple
(10 Days Chart )
For Dot
Also, in most currencies, we can see an increase in the dominance, which by itself indicates an ascending trend for these currencies. In addition, by monitoring the status of the coins such as Ripple, Ethereum which have been shared previously, we can see the price increase clearly. There is question now,
according to this scenario, which one of these currencies are better to buy:
- ZEC , which according to the analysis can increase up to $ 350
- TRX , which can increase up to 0.08 to 0.18
- ETH , for $ 2560 targets
- Link , for $ 90 to $ 100
- DOT , which is referred as an Ethereum replacement
- QBX , that the analysis was shared in the last 5 days, has experienced a nearly 200% price increase so far.
Last but not least, Ripple , I personally find Ripple very prone to price increases, and whatever analysis I do, I reach a very fantastic uptrend outlook for the currency. That's why I keep it in my portfolio.
Caution:
All of these comments and scenarios are completely personal.
XRP Scalp Set-up for 18% gain! 🚀The $.31 support level now has given XRP support on three occasions already and also shows some historical strength on the S/R flip. Since the price has reached this level again now, I believe this could be a great moment to enter XRP for an amazing 18% trade opportunity.
I tried to make the chart as self-explanatory as possible so I won't add lots of text in here. In case you have any questions, feel free to drop a comment and I'll make sure to leave an answer for you.
XRP Just hit my TP1, full trade insideXRP/USDT
after alot of bad news
Ripple still strong and bull has the upper hand
We can see on small time frames breakout of symmtrical traingle ...on daily frame its was Consolidating above EMA 20
If there is no any new bad news
and BTC didn't do surprise
I expect xrp will have bullish rally towards 0.4 area at least before any pullback
In my channel i sent XRP signal early
And already hit TP 1 ,Full trade below 👇 :
XRP / USDT
Buy between: 0.317$ - 0.29$
Stoploss : 0.28399
SELL Targets
0.33$ - 0.36$ - 0. 39$ - 0.44$
Good luck 🤞
Ripple price recovery hits a massive barrier at $0.4
Ripple recovered towards $0.4 but has been rejected due to the formation of a double-top pattern.
The cross-border transfer token is banking on support at $0.30 to secure the uptrend and avoid a price dip to $0.25.
Ripple is attempting to redeem itself after the multiple lawsuits it was forced to endure towards the end of 2020. The final price dip to $0.17 saw bulls come back from hibernation to defend their fort.
The bulls’ efforts were rewarded by a spike above $0.2, but the upside remained limited under $0.25. Consolidation took precedence in the first week of January, giving way to a commendable breakout above $0.3.
XRP/USD restored its position above the 50 Simple Moving Average and the 100 SMA on the 4-hour chart. This encouraged more buyers to join the market, perhaps due to the general uptrend in the market as Bitcoin approached $40,000 for the first time in history.
The cross-border token came close to trading at $0.4 but was rejected due to the formation of a double-top pattern. This is an extremely bearish technical reversal pattern that comes into the picture after an asset hits a high price point a couple of times. Note that there is usually a moderate price drop between the peaks.
At the time of writing, XRP is doddering at $0.32 amid a growing bearish grip. Support is envisaged at $0.30. Closing the day above this level will not scare away the bulls and investors daring to join in the troubled token market. Besides, this support might call for more buy orders, thus securing the uptrend targeting highs above $0.4.
On the other hand, a daily close under $0.3 could trigger more sell orders as investors throw in the towel to concentrate on other better-performing tokens. Meanwhile, lower buyer congestion is anticipated at the 100 SMA, $0.25, and the 50 SMA.
Ripple intraday levels
Spot rate: $0.32
Relative change: -0.002
Percentage change: -0.76
Trend: Bearish
Volatility: Expanding
XRP-2h. So far, the prospects are bleak.The new year has not started too positively for XRP investors. from December 28 the price is trading below the range of $0.24-0.26 . During the week, buyers managed to test this range only a few times. Recall that the last time in September 2020, sellers managed to lower the price below this range, the buyers for 3 months could not break this range.
On December 28, sellers shattered the myth of continuing price movements in the global growth trend, lowering the price to $0.18 .
Below the range of $0.24-0.26 there is a demand for the coin. However, active counterattacks of buyers are imperceptible. We will consider this coin in the long only after fixing the price above $0.26.
a lot of interesting things about the coin were written in the global idea
Despite the monthly timefr ame, there is a high probability of starting a new consolidation in the range of $0.14-0.16.
Ripple- New leg down?We all know that Ripple fell about 80% and the reasons for this, so I will not get into details...
From the technical point of view, after this spiral down, XRP found some support around 0.16 and a correction has started. Looking at H1 chart we can see that this correction staled at 0.25 zone and we can clearly see a strong resistance here. The rise from 0.16 is in a flag and I expect a new leg down from this cryptocurrency.
Confirmation for sellers comes with the price under 0.22 and 0.15 could be the target. Rallies towards 0.25 should be sold and, on the other hand, a break above this resistance would signal a deeper correction and expose 0.30 zone.
How every support is giving long opportunityHey guys and gals, welcome to the new update on XRP coin.
Another bad news:
Today is another very bad day for XRP as another worst news published that “Coinbase to Suspend XRP Trading Following SEC Suit Against Ripple”
Before this, we have seen that the XRP was dumped hard when SEC filed a lawsuit against Ripple a few days back.
Traders are taking advantages:
Now, the traders are taking every dump as an opportunity to buy the dip. As when the price of this coin reached at $0.22 support they started buying and dumped it again. Then the waited for this $0.22 support to be broken down and now they have again started buying from the $0.17 support. Now there are strong chances that they will dump it again and let the price action move to the most critical support at $0.13 and start buying it from this support again. In the meanwhile the price action has also broken down all simple moving averages with the time period of 25, 50, 100 and 200.
Breaking down long-term trendline support:
On long term weekly chart, the price action of XRP coin is also breaking down the long-term uptrend line.
SMAs on long-term:
The price action of XRP coin has broken down 200, 25 and 100 simple moving averages and now breaking down the last support of SMA with the time period of 50.
Ichimoku cloud can be broken down:
On the same long-term weekly chart, the price action of the XRP coin is also at the support of Ichimoku bearish cloud. If this cloud will be broken down then it can become a very strong resistance for long-term.
Conclusion:
Even though it can be a really good long opportunity if the price action will be dropped at $0.13 cents, as it is getting pumped from every support, however, the news behind this coin is very bad therefore, if someone tries to buy it at any support he should take care of the stop loss.
XRP - Apparently the chart never liesThe chart never lies but I will be honest with you, i got emotional and tried a retracement (thank God it did not cost me much of my profits) at 24 cents... I got back on selling at 22c, so I guess i am ok.
I really hate it when my emotions trick me, it is always proven that the most i stick to my chart and my strategy the better the outcome will be.
When do we buy this Ripple again? Well, maybe at 14cents
XRP - Our updated small chart (Bearish outlook)So further to yesterdays idea, the opposite happened. I was expecting an opportunity for the price to break under the triangle and then UP....but it broke UP and it looks ready to storm down..
so, be careful because the 25 cents level can be checked again and likely broken down to even 14 cents.
It is what it is guys, don't marry an asset, go in and out...and right now I am totally out of Ripple.
Will let you know if something changes.
XRP - Volatility inboundXRP chart updated for you all.
The 25c level could be checked again and probably bounce.
We are now 65% bullyish on Ripple and looking at 40cents target for the next few days BUT a drop first could be well anticipated.
Maybe start buying slowly and make sure you can buy the 25c again if it happens.
XRPUSD back at the long-term trendline supportHey friends, hope you are well and welcome to a new update on XRP coin.
More than 80% recovery rally:
After the news of a lawsuit filed against Ripple, there was a drastic drop in XRP but it has recovered 80% in a single day. On the daily chart, it spiked beyond the $0.22 support but now moved above the $0.31 level and using this level as support. Here the price action of XRP also has good support of daily 200 simple moving average.
Simple moving averages on a long-term chart:
If we switch on the weekly chart, then the price action of XRP is breaking down the 200 and 25 simple moving averages and spiked upto 50 SMA.
Ichimoku cloud:
On weekly chart, the priceline has spiked upto the bottom support of Ichimoku bearish cloud and moved up. If this cloud will be broken down again then it can become a very strong and long-term resistance level for the XRP coin.
Long-term support:
Now, I would like to recall my previous idea with you, that I published back on 21st Oct 2020, when the price action was at the long term up-trendline support and based on the technical analysis I predicted that now from here the price action can start a bullish rally, and finally the priceline of XRP coin rallied more than 230%.
Now the price action has again spiked at the same up-trend line support. Therefore if anyone wants to set a stop loss then we can set the stop loss at this level. The stop loss is at $0.26 at the time of writing, but with the movement of candlesticks the stop loss can be changed, it depends where the priceline drops at this trendline.
BAT move:
On 16 Dec I predicted, that the price action can complete the final leg of bullish BAT. Now the leg has been completed, therefore, we can set our buying and sell targets according to Fibonacci sequence of this pattern as below:
Potential reversal or buying zone: $0.3480 to $0. 0.2918
Fibonacci projection or sell zone: $0.4821 to $0.6834
Conclusion:
Even though, after the recovery rally, the priceline is above different supports again, but the new behind the XRP coin is too bad. Therefore we need to follow the stop loss strictly.
XRP reached resistance zoneXRP / USDT
Ripple after massive sell pressure last days
Had a nice recovery yesterday from 78.60% fib level to 61.8% fib level
Currently the price faces resistance area
(Trend resistance + 61.8% fib)
🌟 If price will break the resistance zone we can buy on retest with small stoploss
🌟 If price failed to break... it will drop again to previous support area at 0.2X $ and may be more
GOOD LUCK 🤞