XRP is breaking out of the wedge pattern, but...XRP is making a nice move northward breaking out of the wedge pattern it is currently in, but how long it will last remains to be seen. The indicators seem to indicate it's going to run out of steam in no time. Is it a bull-trap? We're about to find out!
Ripplelabs
Will XRP experience an epic PUMP, or an epic DUMP?The chart isn't really that clear right now, and could go either way. There's an argument that there's still a ton of room to the downside/about to fall off a cliff. And, there's also an argument that XRP is about to bounce like a kid jumping off the roof on to a trampoline.
What do you think?
XRP price increase will shock people in the coming months!Less than 1/2500th of 1% of the global population is aware of what is about to happen to the global economic system. The new digital system is virtually unknown by the vast majority of people on earth, and very few of those 'in the know' are even aware of just how incredible the next 7 to 10 years are going to be for the right digital assets.
XRP will be the king of the digital-asset-space bar none! And even many people who hold XRP now will be picking their jaws up off of the floor when they see what is about to happen to the price in the short, and long term!
XRP holders - hold on tight!
My projected future path for XRP.I just want to say thank you to all of my followers, both old and new! You can also help me grow by sharing my charts on social media either by link or screen shots.
This is probably a great way to make myself look like a complete fool, but it's been right so far. The white arrows have been my projected path for XRP price over the next few day. In order for the rally to continue XRP must take and hold the .85 cent level. This level is crucial. We may tap it, and test it a few times, but there's also a chance that we could plow right through it.
I know it sounds unlikely, maybe even a little crazy, but I think XRP will be around, or above the $1.25 level by Christmas!
Keep your eye's on .85.
XRP price likely to make contact with the 100 d.m.a.The global financial "day of reckoning" seems is getting closer everyday, and as the pressure builds in the banks, and financial markets, lots of new money is entering the crypto market. XRP is likely to pull back to the 100 d.m.a (the yellow line) before continuing the uptrend.
Levels to watch for XRP.The following chart has some levels to watch for XRP in the next few days. Even if the super bullish path slows, or retracts, the thicker white lower trend line would be a good guess as to the lower trajectory in price.
For reference.
* The yellow line is the 50 day SMA.
** The stochastic is set to 60/1/3.
XRP is above the 200 d.m.a. on the weekly chart.XRP is now above the 200 day moving average on the weekly chart which is a good sign. It's not a guarantee that XRP price will rise, but if you take into account other factors, it can make it easier to time out trades.
At this point I think that HODLing long term is the best play. The dollar, and most currencies around the world are losing value rapidly, and we may soon start to see the obvious tell-tale signs on hyperinflation.
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!
XRP is gaining momentum at a nice pace.Every XRP holder wants to see XRP go to the moon, but the problem is high percentage gains that happen quickly rarely hold. XRP is now gaining at a nice steady pace which will tender a much better final result.
Bottom line is this, we want investors, not speculators. We want long-term holders, not 5% flippers. The higher quality the investor, the greater chance that the value will hold.
It's now make or break for XRP.XRP is at a crucial juncture. If it breaks below the lower trend line it will be an utter disaster going possibly as low as .16 - .23 cent range. If it gains momentum it could easily run to the upper trend line range in the 1.19 range. If it breaks that then hold on tight!
AW XRPUSD ANALYSIS - Small Degree Price Action Explained...Although I am labelling Wave E as a 1-2 1-2 scenario, we could quite easily be in Wave 4 and Wave 5 down could be extreme.
Regardless of that, I try and give some context as to what is going on at the small degree in case you were wondering.
When XRP and XLM both end up at dirt cheap levels I will indeed be buying both.
For now, I just see ongoing corrections for this bear market.
For now, prices should fluff around this area before they make a move lower.
It would be nice if this was the bottom because I would simply load up and post ideas indicating $10+ price action.
I believe it will go way above 10 measly dollars after this correction is done but I also want to be real... and also buy it as cheap as possible.
By the way, none of that is wishful thinking, if you watch any of my other videos, I barely ever talk about future price anymore.
When I do start talking about the potential price then you will be very entertained at that point.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
Do not get fooled by bullish forecastsSince the summer, we have remained relatively bearish on XRP while later warning about the unsustainable rally right at its beginning. Then, as if it was not enough, we also set a medium-term price target of 0.30$ on 8th September 2022, which we updated to a short-term price target on 30th October 2022. This was quickly followed by the token dropping from 0.45$ (at the time of our announcement) to about 0.31$ only days later.
After that, the rebound came, which sparked numerous bullish calls predicting a happy story for the token. However, we remained unfazed and said the rebound would be short-lived. Furthermore, we said the bounce would just push our price targets further into the future; indeed, we also set specific rules for their reactivation.
Now, with the FED raising interest rates and the reality sinking back in, we would like to reiterate our bearish stance again. With that said, we maintain our short-term price target at 0.30$ and medium-term price target at 0.28$.
Technical analysis
Daily time frame = Bearish
Weekly time frame = Bearish
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
XRP's selloff heats upIn our previous post, we briefly discussed the relationship between the XRP’s price and market cap. Furthermore, we compared their various valuations to the equity market capitalization encompassing 59 400 companies listed on the World of Exchanges. Then, we said that we would like to see the price fail to break above the 50-day SMA in order to support our bearish thesis (while allowing for the temporary bounce above it, which would not present any threat to the primary downtrend).
Subsequently, the price failed to break above the 50-day SMA and dropped from 0.365$ to below 0.34$. Currently, XRPUSD trades near the 0.338$ price tag. We continue to be bearish on the asset and maintain our price targets of 0.30$ and 0.28$. To further support our thesis, we would like to see the price break below its recent low (19th December 2022) near the 0.332$ price tag; meanwhile, we do not want to see a significant drop in volume. If the breakout is successful, we will pay close attention to 0.32$ and then 0.314$, which will act as a major support level since it is the lowest value following the XRP’s drop from 0.558$.
*Check the attached articles to see the most important milestones on our XRP 2022 predictions roadmap."
Illustration 1.01
Illustration 1.01 shows the daily chart of XRPUSD. We previously stated that the retracement toward the 20-day SMA and 50-day SMA is a natural occurrence and often coincides with corrections of the primary trend. The yellow arrow indicates the price’s failure to break above the 50-day SMA, which is bearish.
Technical analysis
Daily time frame = Bearish
Weekly time frame = Bearish
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
XRP not immune to the FED, settlement unlikely to be bullishFor the past few days, we did not give many thoughts to XRP as it continued to be choppy between 0.38$ and 0.42$. As a result, we abandoned our price targets in the previous article and introduced a setup for their re-activation. Since then, we have waited patiently for more signs of weakness to confirm our previous assessment about the unsustainable rally.
In November 2022, volume continued to decline, indicating less trading activity at elevated prices. In addition to that, the total cryptocurrency market cap marked a new yearly low; and as if it was not enough, the overall situation in regard to fundamental factors did not change at all. The FED will continue its path of tighter monetary conditions, which will extort more pressure on the cryptocurrency market and drag prices lower.
Furthermore, a potential settlement between the SEC and Ripple Labs, Inc. is about four months away. During that time, the FED is expected to raise interest rates at least once. As a result, we do not expect XRP to be any exception and become immune to tighter economic conditions. With that being said, we are also very skeptical about the general narrative considering the settlement as highly bullish for XRP.
At the beginning of this bear market rally, we stated that this whole price action is very reminiscent of “buy the rumor, sell the fact” behavior. Today, we continue to hold this opinion and expect XRP to retest its recent lows over time.
Illustration 1.01
Illustration 1.01 shows the updated setup we introduced on 25th November 2022. Back then, we said that our price targets would become active once the price retraces back below the immediate support/resistance.
Technical analysis
Daily time frame = Slightly bearish
Weekly time frame = Neutral
Illustration 1.02
Illustration 1.02 displays the daily chart of XRPUSD and simple support/resistance levels.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Ripple - Bullish retail about to get hit hardWe continue to be bearish on XRPUSD and maintain our short-term price target (0.30$) and medium-term price target (0.28$). Our view is based on a combination of fundamental and technical factors. Overall, our assessment is very similar to our latest post on BTCUSD; we believe the cryptocurrency market has not bottomed out yet and has a long way to go before reversing to the upside.
Illustration 1.01
Illustration 1.01 displays the daily chart of XRPUSD. Interestingly, its structure resembles that of BTCUSD.
Technical analysis - daily time frame
RSI, Stochastic, MACD, DM+, and DM- are all bearish. Overall, the daily time frame is bearish.
Illustration 1.02
Retracement toward the 50-day SMA and subsequent failure to break above it supports our early predictions about the rally being doomed to fail right in the beginning.
Technical analysis - weekly time frame
RSI, MACD, and Stochastic are bearish. DM+ and DM- are bearish as well. Overall, the weekly time frame is bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Ripple - XRP crashes almost 40% since its recent topIn a wild route, XRP fell more than 27% yesterday (down approximately 40% from the recent top). On its way down, it broke below significant support levels and fulfilled our prophecies about the unsustainable rally. The price made a new low at 0.33604$ before reversing above 0.40$ and back to the 0.36$ handle. We remain bearish and maintain our short-term (0.30$) and medium-term (0.28$) price targets.
Illustration 1.01
The illustration above displays the daily chart of XRPUSD and its decline from the recent top to the most recent low.
Technical analysis - daily time frame
RSI, Stochastic, MACD, DM+, and DM- are all bearish. Overall, the daily time frame is bearish.
Illustration 1.02
Illustration 1.02 shows the daily chart of XRPUSD, and yellow arrows indicate the latest technical developments.
Technical analysis - weekly time frame
RSI, MACD, and Stochastic turned bearish. DM+ and DM- turned bearish as well. Overall, the weekly time frame is bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Ripple - "Sell the fact"Merely a few hours after our warning, the price of XRPUSD fell more than 10% before recovering some of its losses. Interestingly, the price halted its decline slightly above the short-term support. Therefore, we speculate the price might end up trading within the wide range for an extended period; unless a breakout below the short-term support takes place and further confirms our bearish bias.
Regarding fundamentals, they remained unchanged, with central banks pursuing tighter monetary conditions all over the globe (resulting in stronger fiat money versus cryptocurrencies). With that in mind, we have very little optimism about the prospect of a primary trend reversal in stock and cryptocurrency markets. We believe the bear market is barely halfway through, and much more pain is ahead. Accordingly, we stick to our recently updated price targets at 0.30$ (short-term) and 0.28$ (medium-term).
Illustration 1.01
The image above shows the hourly chart of XRPUSD. The yellow arrow points to the highest spike in volume since the recent top. That confirms our bearish bias. Indeed, the volume spike came shortly after we shared news from @TradingView highlighting millions of XRP tokens being moved onto exchanges by whales, looking to sell at highs.
Technical analysis - daily time frame
SMA 20 and SMA 50 performed a bearish crossover. RSI, Stochastic, MACD, DM+, and DM- are all bearish. Overall, the daily time frame is bearish.
Illustration 1.02
The picture above displays the daily chart of XRPUSD. The price stopped its decline just slightly above the short-term support; in its last rise, the price ceased its movement below the short-term resistance. A breakout below the short-term support will further bolster the bearish case. However, a failure of the price to break below this level might suggest that the price might end up trading within the wide range between short-term support and resistance for an extended period.
Technical analysis - weekly time frame
RSI, MACD, and Stochastic show signs of exhaustion. DM+ and DM- remain bullish. Overall, the weekly time frame is neutral/slightly bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Ripple - The recap of latest developmentsFour days ago, we warned that the Ripple cryptocurrency would attempt to test its low from 13th October 2022. Shortly after, the XRPUSD fell approximately 7.5% toward the mentioned low. However, it did not manage to break below it. Instead, it paused its decline slightly above it and reversed back up. Therefore, we will continue to pay close attention to this level and price action; ideally, to support our bearish thesis, we would like to see another attempt of the price to break below the short-term support.
With that being said, we remain bearish in the medium and long term. Indeed, we are on the brink of changing our medium-term price target of 0.30 USD to a short-term price target (and long-term price target of 0.28 USD to a medium-term price target). Similarly, like in previous instances, we draw our conclusion from a combination of bearish fundamental and technical factors.
Illustration 1.01
Illustration 1.01 recapitulates our statements in the past few weeks for the audience.
Technical analysis - daily time frame
RSI, MACD, and Stochastic are bearish. DM+ and DM- performed a bearish crossover. The daily time frame is bearish, although the trend is very weak.
Illustration 1.02
The image above is a reminder that Ripple is still deep in the bear market territory, down approximately 86% from its all-time-high value.
Technical analysis - weekly time frame
RSI is turning neutral. Stochastic shows signs of exhaustion. MACD remains bullish. DM+ and DM- are also bullish. Overall, the weekly time frame is losing bullish momentum.
Illustration 1.03
While many people point out the rising volume on the monthly chart, Illustration 1.03 takes a closer look at what is going on in the weekly time frame; the volume continues to decline since the recent high in price, which does not support the bullish narrative for this cryptocurrency.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.