Ripple Rolls Down The Runway Preparing Ultimate Takeoff To $1
XRP price recoiled from support $0.52, clearing the path toward $0.6.
A break above the month-long descending trendline rejuvenates the bulls' effort for gains heading to $1.
Ripple has gained some ground since the selloff earlier this week. The cross-border money transfer token lost a considerable amount of its value, whereby the bearish leg extended from $0.6 to $0.52. A more than 10% decline in the cryptocurrency market is not surprising, but the same in another industry would leave an imperfect and an unwanted storm.
Meanwhile, XRP seems to have gained all the ground this week, suggesting that the international money transfer will end the week in the green. At the time of writing, Ripple teeters at $0.59 and looking forward to trading above $0.6 in the near term.
XRP Price Gain Recovery Momentum
Several buy signals keep Ripple bulls on toes as investors speculate on the price hitting higher levels in the coming sessions. Firstly, settling above $0.6 would be an excellent boost to ascertain the market's stability.
Secondly, Ripple is trading marginally above a month-long descending trend line, suggesting that one of the most significant barriers are out of the way. Note that the 50 Simple Moving Average (SMA) caps the immediate upside and must come down for bulls to extend their leg toward $0.7.
The Moving Average Convergence Divergence (MACD) indicator is vividly bullish as the 12-day EMA crossed above the 26-day EMA. As the MACD nears the mean line, the odds for Ripple sustaining the uptrend increase incredibly.
Similarly, the Relative Strength Index (RSI) affirms that bulls have the upper hand. This technical tool follows the trend of an asset and calculates its strength. A sharp move from the oversold region to the midline shows that the bulls' grip is more substantial. If the RSI continues with the same momentum to the overbought territory, Ripple will take down the numerous stubborn hurdles, heading toward $1.
Ripple Intraday Levels
Spot rate: $0.59
Trend: Bullish
Volatility: Low
Resistance: The 50 SMA and $0.7
Support: $0.56 and $0.52
Rippleusd
Ripple - what's next? A big wave down? 😵😵The Ripple chart shows a strong support level of $0.587. XRP is starting to push towards that level, which signals that the move downward may continue.
If the price breaks this level and tests as resistance, it would be a good opportunity to sell.
The target for this move is low at $0.5, there might be enough liquidity for buying, if there is a strong volume increase in this variant, you can try to go long.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Friday: Ripple - Week 28Hello Traders! Check Related Idea for market context!! Looks like the structure will break the low, and then we can look for bullish clues to buy.
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the support!
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Ripple- preparing for a breakSince the end of June Ripple is putting in lower highs and it has a clear floor around 0.6 figure.
As I expect a new wave of selling in the crypto market, Ripple will not be spared for sure.
I will look to sell with a first target at 0.5 support but in the medium term, XrpUsd can drop to 0.4
RIPPLE: Is the recovery over?Technical analysis of Ripple (XRPUSD) - viewing in the H4 chart
Starting from the 3-month low at USD 0.5097 in June, Ripple started a recovery rally to USD 0.7331. Since this three-wave recovery, the price has been crumbling again. The previous low of the correction from the correction was marked last week at USD 0.5920.
Critical support in sight
In our opinion, the slow downward momentum to date still leaves scope for a further wave of recovery. The condition for this, however, is that the critical support can be defended at USD 0.5815. At least one serious test of the aforementioned support is likely in the short term. A sustained slide below that would make us favor the bearish scenario, which is a continued decline in the price towards the previous correction low at USD 0.5097. We believe that the significant shortfall would signal an immediate continuation of the higher-level sell-off from the record high in the direction of the USD 0.32-0.43 zone.
Trigger zone on the top
To generate a bullish connection signal, the coin would have to dynamically move the short-term critical resistance zone at currently USD 0.6500-0.6700 out of the way. If successful, we see further recovery potential in the direction of initially 0.7220-0.7331 USD, 0.7750-0.8050 USD and 0.8536 USD.
Note:
Despite careful analysis, Global Investa does not accept any liability for the content, topicality, correctness or completeness of the information provided. The information provided does not constitute investment advice, purchase recommendations or investment brokerage.
Tuesday: Ripple - Week 28Hello Traders! Check Related Idea for market context!!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the support!
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SMASH that follow button! 👍
💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you!
RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
Monday: Ripple - Week 28Hello Traders! Check Related Idea for market context!!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the support!
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SMASH that follow button! 👍
💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you!
RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
Ripple D1 Analysis - ''Door Up" Open or Not?Although bullish hidden divergence and divergence have formed but it is only a divergence in one valley which indicates the increase is only temporary.
I expect the downward momentum to remain strong and will likely go to the previous fibo buy level area around 0.47562 to 0.24400 to complete the pullback.
Looking at the fundamentals of Ripple or XRP, it is one of the Altcoins that has great potential to be part of the portfolio. The price is now very low and very worth it to grab and hold for the long term.
Ripple in a Bearish trend still !!Hello everyone , as we all know the market action discounts everything :)
We are gonna look at a 1W chart and gonna use technical analysis tool to understand the Ripple XRP movement .
the market seems to be in a descending triangle pattern , with a lot of the indicators showing weakness in the ripple market . i used different indicators to confirm whats going on :
1_ Ripple price is trending below the MA on both 10MA and 20MA showing us a bearish signal in the market (do know that when i used 100MA and 200MA market seems bullish which could indicate the market going up in the long term)
2_MACD creating a Sell signal when the market price crossed over the MACD showing us a that the bears are still in control
3_Stoch is in oversold zones and created a sell signal when %D crossed over %K (%D 10.25 and %K 7.81 ) .and no divergence was found to indicate a reversal ( if u need to learn how the Stochastic Oscillator works then watch this)
Ripple’s XRP fell through the first major support level at $0.6034 before rising to a mid-afternoon intraday high $0.64521.
In the event of another breakout, Ripple’s XRP could test the second resistance level at $0.6783, A fall through the $0.6253 pivot would bring the first major support level at $0.6054 into play.
I do need to say that cryptocurrency is under a lot of influence from big coin holders and public figures , the market could change if one of the big players made a big move
Fundamental point of view :
Ripple (XRP) may have suffered in recent weeks, but it’s still one of the top cryptocurrencies to buy for long-term returns. It’s down by 2% in the past day, to $0.614. It’s also down by 7.5% in the past week, by 8% in the past fortnight, and by 30% in the past 30 days.
This obviously isn’t very good going. That said, XRP has a real chance of surging massively towards the end of 2021 or early 2022. This is likely when its case with Securities and Exchange Commission will end. And for a growing number of lawyers operating in the cryptocurrency and fintech space, this case will end positively for Ripple.
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This is my personal opinion done with analysing of the market price and research online , not financial advice.
If you have any questions please ask
Thank you for reading.
XRP - Urgent update 😯😯Yesterday the picture looked strongly bullish and that kept me busy, in the end, it was another trap, bitcoin and all altcoins broke their local trend lines , and then we saw a market correction.
At the moment it is hard to predict the market trend, most likely the price will go to update its local lows, so I am following the market and sharing my analysis of possible market moves.
On the Ripple chart, we can see that the price fell 5%, consolidated, and once again updated the lows of the same fall. Now XRP could come back, gather liquidity higher, and go even lower!
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
XRP - You can try to open a trade after a squeeze and retest 🚀XRP, like bitcoin, has not seen significant movement on the chart for several days. The price is currently trading near the bottom of the triangle. It is likely that BTC will go up and altcoins will also go up.
If XRP comes to the upper boundary of the triangle and starts consolidating near it, that would be a good buying opportunity, even better if the price breaks through it and tests the triangle as support. If all these factors materialize, Ripple could quickly reach the above targets!
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Friday: Ripple - Week 27Hello Traders! Check Related Idea for market context!!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the support!
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SMASH that follow button! 👍
💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you!
RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
Ripple is pressing supportAfter the recent drop to 0.5, Ripple corrected to 0.75, but has started to fall again, making lower highs and the recent price action is resembling a descending triangle.
0.6 is the base of this triangle and a drop under looks imminent.
Short therm traders can target 0.5 support
XRP Observation XRPUSDUsing the Fibonacci Wedge tool I noticed this repeating pattern of a flag (yellow) sharp rise (green) and then a prompt decline (red)
Not too sure about the relation to the Fib levels within the wedge (if I have drawn it right) but they all seem to dump along a Fib line
I am long ripple/xrp
Monday: Ripple - Week 27Hello Traders! Ripple is in a bigger correction and it keeps getting more complex, it looks like it will be a long time before the bigger uptrend/impulse will happen.
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the support!
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
SMASH that follow button! 👍
💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you!
RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.