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XRP → Ripple Target Set to $0.75!? Let's Maximize Your Profits.Ripple has its sights set on the Resistance Zone at a price range of $0.715 to $0.75! We're currently breaking out from the Bull Channel to the upside. Do we long now? How do we trade this? 🤔 If you're going to long, Do it at the close of this 4HR candle in 30 Minutes! The best place to long would have been a couple of candles ago when the price was at $0.63 to $0.635, giving us a 1:3 Risk/Reward. A long now could still render a 1:2 Risk/Reward which is still reasonable! However, the position size needs to be smaller to accommodate the larger distance to the Stop Loss. Zoom into the 4HR chart and look for this candle to close in about 35 Minutes. If it closes above the Bull Channel, enter a long and set your protective stop below the Daily 30EMA. Go for a 1:2 Risk/Reward Ratio which sets a Take Profit target around $0.72. Be prepared to take profits once we approach the Resistance Zone, look for Bear signal and confirmation bars that tell us the move is over and it's time to exit! 💡 Trade Idea 💡 Long Entry: $0.6533 🟥 Stop Loss: $0.6200 ✅ Take Profit: $0.7200 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Bull Channel, Bias to Long! 2. Price is currently breaking out, Target Resistance Zone. 3. Forming a Cup pattern, likely going to retest previous High. 4. RSI at 65.00 and above Moving Average, Bias to Long. 5. Target 1:2 Risk/Reward, Stop Loss below 30EMA. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Long
by TraderEngineering
8
XRP → Quick Dip Before The Rip!? Let's Maximize Your Profits.Ripple is currently in a slight bull channel inching its way back up to the $0.64 resistance level. Will XRP break it here or fall down to the $0.58 range before breaking through? How do we trade this? 🤔 XRP is in a bull channel, which means our bias should be long until the pattern is broken. We should be seeking a strong bull signal and confirmation bar toward the bottom of the channel, somewhere in the $0.60 range. Set a protective stop around $0.58 and a take profit at 1:2 Risk/Reward, a reasonable setup for a chart like this. Do not be premature about entering the market, wait for the bars to close and enter when the confirmation is in to maximize probability. 💡 Trade Idea 💡 Long Entry: $0.60 🟥 Stop Loss: $0.58 ✅ Take Profit #1: $0.68 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Bull Channel, Bias to Long! 2. Wait for the price to bounce at Channel Support. 3. If Price Breaks Resistance, Wait for Test of Support. 4. RSI at 53.00 at Moving Average, Indecision. 5. Target 1:2 Risk/Reward at bottom of Channel. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Long
by TraderEngineering
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 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 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
#Ripple Underperforming, Will XRP Break $0.42?Past Performance of XRP XRP is, compared to BTC, underperforming. The coin is within the November 8 and 9 bear trading range at spot rates. Besides, participation levels behind the recent surge are with lighter trading volumes, pointing to apprehension. This could be due to fundamental reasons. All the same, XRP needs to close above $0.42 for trend definition. #Ripple Technical Analysis The bull bar of Jan. 2 is the anchor of the current formation. Though XRP is up 26 percent from this month's low, the uptrend is not convincing. Trading volumes are low, and prices are moving in a tight range. Moreover, since prices are within the bear bar of Nov. 9, sellers have the upper hand from an effort versus result perspective. Nonetheless, XRP bull bars are banding along the upper BB. Traders can search for loading opportunities above $0.371 and the middle BB, targeting $0.42. Losses below $0.371 with rising trading volumes will cancel this preview, swinging price action in line with losses of Nov. 9, of which XRP prices are still capped in. What to Expect from #XRP? The bulls are upbeat, but they can do better by overcoming the resistance at $0.42 and changing the narrative. Support lies at $0.371. If broken, the coin may return to around $0.33 in a retest. Resistance level to watch out for: $0.42 Support level to watch out for: $0.37 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#Ripple's Trading Volumes Spike as XRP Bulls Reject $0.30Past Performance of Ripple Ripple is one of the most actively traded coins when writing. Briefly, on January 1, the coin dropped to as low as $0.30. However, within hours, prices recovered, adding 14 percent. XRP could be under pressure when writing, but it appears bulls are rejecting attempts to push prices lower. In the short term, the zone between $0.33 and $0.37 is critical for traders. #Ripple Technical Analysis There are fundamental factors at play influencing price action when writing. What's clear is that buyers are solid, and XRP has the potential to edge higher. If there is a follow-through of the January 2 bull bar, XRP may quickly soar above $0.37, especially if trading volumes are high. Based on the current setup, traders may look to load on a dip above $0.33 with targets at $0.42, the November 9 liquidation level. Any dump below $0.33 may see XRP crater to $0.30 in a bear continuation formation. What to Expect from #XRP? Traders are closely watching how the Ripple-SEC case will conclude. This landmark lawsuit will have a massive bearing on XRP, regardless of how the judgment favors. For now, gains above $0.37 may be a solid foundation for even more gains toward $0.50 or higher. Resistance level to watch out for: $0.42 Support level to watch out for: $0.33 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
#Ripple Support at $0.37, XRP Down 31% in 3 MonthsPast Performance of Ripple Ripple prices are dropping, aligning with the broader state of crypto. As it is, there are lower lows relative to the upper BB, an indicator of fizzling upside momentum. Overall, XRP is within the November 9 bear candlestick, a net bearish despite the general trader confidence in the tail end of 2022. #Ripple Technical Analysis XRP prices are broadly within a consolidation range. There is a squeeze in the daily chart following the consolidation of the past few days. Despite the confidence, buyers may take charge until XRP surges above $0.40, forcing the coin towards $0.45 and November highs at $0.50. Presently, XRP upside momentum is low, and the coin may fall below this week's support at $0.37. In that case, Ripple may retest $0.30 and November lows, an opportunity for aggressive traders to double down. What to Expect from #XRP? Ripple is under pressure, as visible in the daily chart. To illustrate, XRP is down 31 percent from September highs. Although there have been gains, XRP bulls have failed to follow through, heaping more pressure on the coin. Resistance level to watch out for: $0.40 Support level to watch out for: $0.37 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
4
#Ripple up 28% from Nov lows, XRP Support at $0.30Past Performance of Ripple Ripple is up 25 percent from November lows, looking at the performance in the daily chart. Even though the coin is relatively steady at spot rates, the path of least resistance remains southwards as long as prices are below $0.55—or October highs. Another worthwhile observation is that the coin recoiled to wipe out gains from September to October 2022, swinging back price action in favor of sellers. Presently, sellers are in charge. However, bulls will find relief if prices are above $0.30. #Ripple Technical Analysis XRP prices are within a $0.25 range, with resistance at $0.55 on the upper end and $0.30 on the lower end. Even though buyers have the upper end at spot rates, printing higher from November lows, trading volumes are low, and prices are within the November 8 and 9 bear candlesticks. Therefore, while there are indicators of further gains, until XRP bulls pierce $0.43 and November 9, pushing higher is when the coin could soar to $0.55 in a refreshing recovery. If not, every high below $0.43 is favorable for aggressive sellers targeting $0.30 from an effort versus results perspective. What to Expect from #XRP? XRP is printing higher highs from the lower BB, pointing to increasing bullish momentum. However, resistance is at $0.43, and the general trend is bearish. Unless there are high volume gains above last week's highs, sellers are in control, and prices may drop to November lows. Resistance level to watch out for: $0.43 Support level to watch out for: $0.30 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
1
XRP Adds 7% in 3 Days at the Back of Solid Ripple FundamentalsPast Performance of Ripple XRP prices are relatively firm, reading from the formation in the daily chart. All the same, bulls have failed to dominate though they have a better chance. As evident from price charts, buyers are in control. The coin is within a bullish breakout pattern with resistance at $0.55 and support at $0.40. Ripple Technical Analysis The path of least resistance is northwards, and XRP is within a bull breakout formation following gains of the fourth week of September. Notably, the failure of sellers to press lower means losses of the first half of October completed the retest. There was a double-bar bullish formation printing late last week with a clear bullish engulfing bar. This points to strength, mainly because the accompanying volumes were decent. Since prices are firm, aggressive traders can load on dips above the $0.43 to $0.45 zone, targeting $0.55 in the medium term. Unexpected sharp losses and unwinding gains of September 22 invalidate this preview. What to Expect from XRP? Ripple fundamentals are solid, and XRP has been generating decent trading volumes. Therefore, the revival of prices and rejection of lower lows by the close of last week is a net positive. In a retest, aggressive traders found better opportunities, and the expected trend continuation may see the coin expand in the weeks ahead. Resistance level to watch out for: $0.55 Support level to watch out for: $0.40 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
1
#Ripple Remains Bullish but XRP Upsides Limited at $0.55Past Performance of XRP The ongoing SEC case has largely influenced the recent performance of XRP prices. From the XRPUSDT daily chat, buyers have the upper hand. Technically, XRP is within a bullish formation and trading above $0.40 with decent trading volumes. Of note, even as the broader crypto market contracted, XRP bulls have been firm, rejecting any attempt lower. Therefore, as long as prices are trading above $0.40, buyers are still in control. #Ripple Technical Analysis The immediate trend is bullish, and XRP is within a bullish breakout formation. The September 22 bull bar sets the trend in the near term. Therefore, from an effort-versus-result perspective, traders may begin looking for entries on every pullback, targeting September 2022 highs at $0.55. Further gains may see XRP expand to $0.60, retesting Q1 2022 lows. In anticipation, and with the trend set, traders could ramp up on the current retest, accumulating as they wait for the ride up. This preview, nonetheless, is only valid if prices are above $0.40. If there are deeper losses, the breakout formation will be nullified. What to Expect from #XRP? Conservative traders may stay on the sidelines until there are gains above September highs. Then, there would be no doubt about the upside's momentum. How prices react at, or around, $0.40 would signal whether buyers or sellers have a go-ahead. Resistance level to watch out for: $0.55 Support level to watch out for: $0.40 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
2
#Ripple Edging Lower, XRP Upsides Capped at $0.35Past Performance of Ripple According to the candlestick arrangement in the daily chart, Ripple prices are trickling lower at spot rates. Even though fundamental factors may align to prop buyers, technical charts point to strong and determined sellers. The immediate reaction points remain at $0.35 and $0.30, and XRP prices are within a bear continuation. #Ripple Technical Analysis According to the daily chart, sellers are dominant, and XRP bulls have failed to slow down further price drops. The August 26 bear candlestick diffused bulls' momentum and concurrently confirmed losses of August 19. Subsequent losses meant traders were aligning with the primary trend. The selling pressure remains high as bear bars are riding the lower BB, suggesting participation from traders. As such, aggressive traders can initiate positions to mirror the current trend with immediate targets at $0.30. Any surge above $0.35 disqualifies this preview, allowing for XRP recovery. What to Expect from #XRP? The primary trend is bearish, and traders can initiate shorts on every pullback in lower time frames. As long as XRP prices are below $0.35 and defined by the August 26 bear candlestick, sellers will have the upper hand. Resistance level to watch out for: $0.35 Support level to watch out for: $0.30 Disclaimer: Opinions expressed are not investment advice. Do your research.
Short
by Bitcoin_Analyzer
#Ripple Consolidates with XRP Resistance at $0.40Past Performance of Ripple Ripple prices are firm when writing, soaking in strong selling pressure experienced across the board. XRP is currently down three percent versus the greenback but within a bullish breakout formation. Even so, the coin is broadly in a consolidation phase. This sideways movement could be an accumulation or distribution depending on the breakout direction. #Ripple Technical Analysis XRP has a visible resistance at around $0.40 and is bullish. This preview is considering the recent higher highs. At spot rates, the coin is up roughly 40 percent from 2022 lows. XRP buyers have failed to break higher, printing new H2 2022 highs. Therefore, traders can wait for a solid break above $0.40 before riding the emerging trend, targeting $0.45. On the reverse side, sharp losses below the middle BB and $0.35 will pour cold water on XRP buyers, possibly forcing prices back to $0.30. What to Expect from #XRP? The project's associated fundamental factors may increase prices in the medium term. For now, the primary short-term trend is bullish, but a clear-cut trend definition must exist before traders commit. Any pullback from recent highs to below immediate support levels may see XRP drop and align to the May and June 2022 trend. 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.
Long
by Bitcoin_Analyzer
1
Ripple in a Breakout Formation, XRP Bulls Eyeing $0.45Past Performance of Ripple Ripple buyers are firm, and prices are in a bullish breakout formation, reading from the candlestick arrangement in the daily chart. At spot rates, XRP prices are up roughly 38 percent from 2022 lows, adding 10 percent in the previous trading week. Technically, XRP is within a bullish formation following gains above the $0.37 resistance level on July 30. Since prices are steadying and buyers are rejecting bear attempts, the odds of further expansion in the short term are high. #Ripple Technical Analysis XRP prices are in a bullish breakout formation, as mentioned earlier, trading within a bullish breakout formation. The surge on July 30 also has decent trading volumes, pushing the coin above the $0.37 resistance level. Since prices on July 31 were relatively stable and above $0.40, traders may find loading opportunities on dips above $0.37 with targets at $0.45 in the short term. Further gains may lift XRP towards $0.58, or January 2022 lows, in a bullish continuation formation. On the reverse side, any price dump below previous resistance, now support, at $0.37, may slow down the uptrend with confirmation of sellers qualifying the July 30 bar as a bear trap. What to Expect from #XRP? Per the XRP candlestick arrangement, buyers are determined, and there could be more gains in the short term. Therefore, aggressive Ripple traders may look to ride the uptrend and recent breakout, targeting critical reaction points in the short term. Resistance level to watch out for: $0.45 Support level to watch out for: $0.37 Disclaimer: Opinions expressed are not investment advice. Do your research.
Long
by Bitcoin_Analyzer
Ripple Swings Bearish as XRP Dumps from $0.40 ResistancePast Performance of Ripple XRP prices are lower when writing, retracing from last week's highs. At spot rates, prices are trending inside a broader $0.09 trade range with caps at $0.30 on the lower end and $0.39 on the upper end. The failure of bulls to clear the primary resistance points to weakness, a bearish formation. #Ripple Technical Analysis The path of least resistance is southwards from a top-down analysis, but this can change if prices surge above $0.39 and $0.40. Thus far, there are lower lows relative to the upper BB coinciding with the bounce from the critical support pointing to waning upside momentum. Clearly, the bar of July 25 is with high trading volumes, possibly signaling local tops. Per this arrangement, aggressive traders may unload any attempt higher with safety nets at around $0.40. If bears press on today, Ripple prices may crumble below the middle BB, towards $0.30 in the short term. What to Expect from #XRP? Fundamental factors on Ripple may be solid, but that has failed to translate to higher prices as per the formation in the daily chart. The immediate liquidation level is at $0.40. It must be broken for the buy trend continuation set in motion in the first half of last week. Resistance level to watch out for: $0.39 Support level to watch out for: $0.30 Disclaimer: Opinions expressed are not investment advice. Do your research.
BITSTAMP:XRPUSDShort
by Bitcoin_Analyzer
1
Ripple adds 12% week-to-date, XRP Finds Resistance at $0.38Past Performance of Ripple XRP prices are down six percent in the last 24 hours and up double digits week-to-date. Overall, traders are still confident and expect more gains in the short term despite stagnation on July 20. A notable observation on the last trading day is the failure of bulls to breach the primary, multi-week liquidation level at around $0.38. For the uptrend to be valid and the upside momentum to be sustained, prices must pierce above this resistance level, ideally with rising trading volumes. #Ripple Technical Analysis The path of least resistance remains southwards from a top-down preview. Aforementioned, the uptrend will take shape if buyers overcome to break above the immediate sell wall at $0.38 with expanding trading volumes. A breakout will invalidate bears of the first half of June 2022 and cancel the bear continuation pattern following the free dive of prices to 2022 lows. A close above this mark will pave the way for further advancement towards $0.45. Conversely, rejection from $0.38 will complete a retest of May 2022 lows and possibly bear trend continuation in the short term with a target at June 2022 lows of $0.30. What to Expect from #XRP? Buyers are upbeat, but the slow down at critical, multi-week resistance levels signal possible weakness. How prices react at around the $0.38 to $0.40 resistance zone would likely shape the short to medium-term trend. Resistance level to watch out for: $0.38 Support level to watch out for: $0.30 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer
#Ripple Adds 5%, XRP in Range Below $0.35Past Performance of Ripple There are fundamental factors to support XRP prices in the medium term. However, the coin is under pressure like the rest of the crypto market. XRP prices are within a breakout pattern, following losses below the bear flag. Although there is a print higher from 2022 lows at $0.28, bears still have a chance and could force the coin lower. XRP is currently up six percent versus the USDT on the previous trading day. #Ripple Technical Analysis XRP prices are under pressure, and the bear trend is defined as per the formation in the daily chart. Going forward, risk-averse traders can wait for a conclusive, high volume recovery above $0.35 before loading the dips, targeting $0.37 and $0.40 as prices bottom up. Conversely, a break below $0.28 and last week's lows may force XRP lower in a bear continuation pattern confirming losses of May 11 and June 11. What to Expect from #XRP? Sellers are dominant despite the pullback at press time. XRP prices are consolidating within a $0.07 trade range with caps at $0.35 to the upside and $0.28 on the lower end. A breakout below $0.28 confirms sellers and may mark the beginning of another flashing leg down. Resistance level to watch out for: $0.35 Support level to watch out for: $0.28 Disclaimer: Opinions expressed are not investment advice. Do your research.
by Bitcoin_Analyzer