Rippleusd
Deciphering XRPUSDSeems to be a lot of correlations between RSI and price on XRPUSD
However it can be seen that there is a recent disconnect, with a head and shoulders pattern favored on the indicator
It is likely that this disconnect will allow the freedom of price relative to RSI to continue
No more direct correlation possibly
XRP is in a weird situation, however, it does have longevity, with bank integration and instant payment processors, potential can be seen.
I am long this coin based on the previous knowledge and how damn cheap it is.
XRP draws closer to 30% downswing amid deteriorating technicals
Ripple rejected at $0.45, abandoning a potential triangle breakout to $0.575.
A breakdown to $0.3 is anticipated, especially if the triangle pattern's lower trendline is shattered.
Ripple's uptrend was recently cut short under $0.45. Before the recovery, the cross-border cryptocurrency has established support at $0.4. A correction has come into play, forcing XRP to abandon a potential spike to highs around $0.575.
The international money remittance token is exchanging hands at $0.42 at the time of writing. Buyers are focused on keeping the price above $0.4. However, if the price slices through this area, massive losses will be triggered, primarily because of the formation of a symmetrical triangle pattern on the 4-hour chart.
The chart pattern is created by converging a couple of trendlines, linking sequential declining peaks and troughs. Generally, the trendlines are supposed to cross at an approximately equal slope. The formation brings to light a period of consolidation ahead of either a breakout or a breakdown.
A breakdown occurs under an ascending trendline and identifies the commencement of a downtrend. On the other hand, a breakout happens at the descending trendline and indicates the start of a bullish trend. Symmetrical patterns tend to have precise price targets for the breakout or breakdown, mainly measured from the highest point to the pattern's lowest point.
Therefore, Ripple will drop by 30% if the lower trendline is smashed. A spike in volume usually confirms a breakdown. The downswing also tends to be rapid and must, therefore, be timed accurately to make the most out of the move. Note that traders must way for confirmation to avoid false breakdowns.
On the flip side, the downswing may be ignored if XRP holds above $0.42, ignoring the triangle breakdown. Moreover, trading above the upper trendline will catapult Ripple 30% to $0.575 and perhaps jumpstart the breakout to $1.
Ripple intraday levels
Spot rate: $0.428
Relative change: -018
Percentage change: -4
Trend: Bearish
Volatility: Low
RIPPLE/XRP - Key LevelsXRP will make one more attempt to push the price above the $0.50 resistance level. If we succeed, the bulls will move the price to $0.65 next.
If we can't, we will consolidate between $0.359 and $0.50 sideways for the meantime!
BTC price will also play a key role of the next XRP move also :)
XRPUSDT, nothing to growth.Hi friends. "Earned Pro" script show big solds from 0.41 to 0.49. I think we will took a big downward trend in near future and target 0.38850 is actually like never before.Levels thanks to X-Lines script. And dont forget to look at my previous idea where we take a bull's target 0.64. Follow me.
XRP - Backtest Done!Hi, we have backtested the most important trendline ever. Yesterday we did also test the (SMA50 and SMA100) and both of them held. So now it is time to see if the support level 0.47-0.50 hold. If it doesn’t hold then things will get very ugly in here, but if it holds then I am expecting that we are going to test the resistance 0.75 soon. + We have also tested the support RSI(49) and we are in a beautiful uptrend right now 🙌🏼. So be patient and don’t panic.
XRP prepares for massive swing to $0.65 as technical improve
Ripple rebounds after support at $0.37; all eyes target $0.65 in the near-term.
The improving technical picture suggests that bulls are back in control.
If the immediate resistance at $0.5 is not broken, XRP may embark on the breakdown to $0.35.
Ripple dropped like a dead weight in the air amid the declines on Monday and Tuesday. The widespread losses left no stone unturned, with the majority of cryptocurrencies posting double-digital losses. XPP could not secure support and the 200 Simple Moving Average (SMA) on the 4-hour chart, culminating in losses under $0.4.
Before the ongoing rebound, the cross-border cryptocurrency established support at $0.37. The high congestion of buyers at this level paved the way for gains above $0.4 and the 200 SMA. Currently, XRP is dancing at $0.49 after stepping above the 50% Fibonacci retracement level taken between the last swing high of $0.66 to a low of $0.36.
A comprehensive glance upwards shows that Ripple bulls are looking forward to breaking the confluence resistance around $0.525, formed by the 61.8% Fibo, the 100 SMA, and the 50 SMA on the 4-hour chart.
The bullish narrative has been reinforced by the Relative Strength Index (RSI) as it heads towards the midline. A break above 50 would encourage more buyers to join or increase their positions in the international money transfer token. Note that trading above $0.525 could trigger massive buy orders, creating enough volume to support an upswing to $0.65.
It is worth keeping in mind that XRP’s expected rally to $0.65 may fail to occur if the short-term resistance at $0.5 remains intact. A correction from current levels will retest the support at 200 SMA. If push comes to shove, the bearish leg will extend to $0.37 (recent support) and $0.35, respectively.
Ripple intraday levels
Spot rate: $0.49
Relative change: 0.02
Percentage change: 4.5%
Trend: Bullish
Volatility: Low
XRP - After the SECHello Traders
XRP did what XRP does and threw a real "sell the news" tantrum. I hope you had some tight SL on your buy orders.
From the 5min chart on the right :
It seems like the dip is over and found support at fib 0.236 (44c)
The BB are contracting, volume is low, volatility might be over for a while.
My bias - bottom is in
From the 1D cart on the left:
Excellent support from previous resistance 37c
We NEED 0,236 to HOLD. IF it doesn't, expect further downside. back to 37c
As Always - lower timeframes needs to be watched to get an indication of what will happen to that important level.
Currently I'm not biased to any specific targets. My buy orders are in, I think I'm just going to chill for a while and let XRP be XRP. You can do that, if you have SL ready. I've been scalping aggressively and I'm taking a break. I'll make another post when XRP closes a 1D above 52c again (could be soon).
Best Regards
Evelyn
Please check out my other price targets for XRP which all hit spot on
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Footnote
Not Financial advice
Don't be surprised, XRP will always use any "excuse" to justify one massive sell order (what alerts) even if the news could be seen as "good" news. There are massive players with massive agendas for the price and that's just how it is for XRP (and don't think stonks / commodities are different).
It is disappointing that cRiplle hasn't even posted an official twatter update about what went down in court. But that's the sad part, a perfectly fine digital assets crippled by bad management.