Rippleusd
XRPUSDT, downward trend to 0.46Hi friends. I think its a hot idea🔥, because we have strong depression of open interest on a Ripple market now. Bulls closing they positions and new bears come to trending party) All this analysis thanks to X-Volume and X-lines indicators. Follow me and have a good trends.
XRPUSDTThis is a 1D frame analysis for XRPUSDT As we can see, the price can form a rising pattern, but only if it can break through the first resistance line and we have seen signs of a market reversal, we can anticipate a market reversal and if the price holds below the first support line, it can move towards the second support line. However, if it can break through the first resistance line, we can consider a market reversal and an upward trend.
Ripple (XRP) -> Triangle ContinuationMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Ripple.
Since the beginning of 2018 Ripple Coin has been trading inside and forming a quite bullish triangle pattern which is most more often than not a simple continuation pattern.
I am now simply waiting for a breakout which is roughly at the $1.4 level and then we could see another crazy pump of more than 1000% towards the upside.
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I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡
A 'major breakout' in XRP will occur on or around...I'm calling this prediction the 'Phi Breakout.' On July 2nd I predicted a false breakout and a major breakout would both occur in XRP. Although my dates were wrong, the false breakout occurred on July 13th. I'm now adjusting the date for the major breakout based on my mathematics.
I'm predicting that on or near September 22nd 2023 we will see the 'major breakout' in XRP that we have all been expecting. Here's how I came to that assessment.
The Ripple/SEC case was settled on July 13th, which was the 164th day of the year.
164 days times Phi (1.618) = 265.35 which would be September 22nd at 8:04 a.m.
I also believe based on my math that another event will occur with XRP on February 18th 2024 which would be 265.35 (Sept 22nd) times PI (3.14) which would be 514.96 or February 18th 2024 between 10:57 p.m. and 10:58 p.m., but I'm not sure what it's going to be yet, so I will reassess later assuming my September 22nd prediction is correct.
So, we'll see if my theory about using sacred geometry to predict price movements in stocks/cryptos proves to be correct, as that 'major breakout' prediction date is only weeks away.
Happy trading folks, this isn't investment advice, just my theories!
Ripple XRP vs. SECXRP From 13-07-2023 to 18-08-2023
Disclaimer:
This is for educational purpose only.
This is not a financial advice.
XRP BREAKOUT WILL BEGIN IN OCTOBER 2023XRP will breakout of the descending wedge pattern it has been trapped in since Dec 2017 on or near October 23rd 2023. A false breakout will occur first on or near Aug 28th, which will fail at around .65 cents. It will then drop back into the descending wedge pattern bottoming around .50 before the final breakout occurs on or near Oct 23rd.
XRP will go on to set a new all time high before Christmas, and will most likely break the double digit level for the first time ever.
It will be a very Merry Christmas indeed! Remember I told you so...
The charts in XRP has changed, it's going down to...The charts in XRP have made some drastic changes in the past few weeks. However, for long term hodler's this will be another great buying opportunity, and for swing traders this will be the icing on the cake if you appropriate your trades correctly.
I think we are about to see XRP drop back down to a low of .3735.
Don't put all your eggs in one basket!
XRPUSD Analysis: Navigating Bullish Long-Term TrajectoryThe outlook for XRPUSD is under scrutiny, with a firm long-term bullish sentiment. A strategic analysis reveals key insights that we should consider for informed decisions.
📈 Long-Term Bullish Stance
The long-term perspective on XRPUSD presents a bullish trajectory. This suggests potential opportunities for investors looking to profit on upward price movements.
💼 Medium-Term Scenario: Upswing and Correction
In the medium term, a notable upswing is anticipated. However, traders are advised to stay cautious as a potential correction could follow. This cycle of surge and retreat demands calculated decisions.
🎯 Critical Levels to Watch
Buy/Support Level: For those considering entry, a key long-term buy/support level lies within the range of $0.20 to $0.22. This zone offers a potential strategic entry poin t.
Sell/Resistance Level: On the flip side, a crucial long-term sell/resistance level is identified at $3.20. It's a point where traders might consider profit-taking or reassessing their positions.
🔑 Breakout Potential: Bullrun Over 2024-2025
Remarkably, if the bullrun maintains stability throughout 2024-2025, the price might defy expectations and surpass the $3.20 resistance. This potential breakout could open doors to further gains.
🔍 The Path Ahead
As the XRPUSD journey continues, prudent investors should keep an eye on these critical levels and monitor market dynamics closely. Strategizing in line with these insights can enhance your trading edge and potentially capitalize on both short-term fluctuations and long-term growth.
Remember, successful trading requires careful analysis and adaptability to evolving market trends.
XRP To Hit $589 fake or real?Elliott Waves: Key to Understanding Markets and Price Movements
EW concept that has become a pivotal tool in the realm of technical analysis of financial markets and price movements. This theory, named after its creator Ralph Nelson Elliott, aims to uncover recurring patterns in market behavior and establish a structured framework for predicting future price movements.
Basic Principles of Elliott Waves
The Elliott Wave Theory is based on the premise that market prices move in distinct wave patterns, driven by the psychology and behavior of traders. This theory asserts that there are two main types of waves - impulsive waves and corrective waves.
Impulsive waves are price movements that align with the prevailing trend. These waves are often composed of five smaller sub-waves, where the first three are referred to as "motive" waves, while the last two are "corrective" waves. Impulsive waves are characterized by swift price movements upwards (in a bullish trend) or downwards (in a bearish trend).
Corrective waves are price movements that go against the primary trend. These waves typically consist of three smaller sub-waves and can encompass various types of corrections, such as simple corrections, triangle corrections, or flat corrections.
Elliott Cycles
The Elliott Wave Theory also describes several different time frames within which waves occur. These time frames are:
Grand Supercycle: This cycle can span multiple decades and includes several supercycles.
Supercycle: Lasting several years, it contains several cycles.
Cycle: Spanning several months, it includes several primary waves.
Primary Wave: Lasting several weeks, it encompasses several intermediate waves.
Intermediate Wave: Spanning several weeks, it comprises several minor waves.
Minor Wave: This cycle can last mere days and includes waves smaller than intermediate waves.
Applying Elliott Waves in Practice
Elliott Waves can be used to predict future price movements in financial markets. Traders and investors attempt to identify wave patterns on price charts and extrapolate possible market scenarios from them.
However, it's important to note that interpreting Elliott Waves can be subjective and at times challenging. Some experts argue that wave identification on charts may be based solely on historical data and might not be a reliable tool for predicting future developments.
Criticism and Controversy
Elliott Wave Theory is not without its controversies. Some analysts contend that identifying wave patterns can be so subjective that different experts might arrive at different conclusions regarding the same price chart. Thus, achieving consistent results can be difficult.
Conclusion
Elliott Waves present a sophisticated tool for the technical analysis of markets, which can aid traders and investors in better understanding price movements and trends. While this theory undoubtedly offers intriguing insights, it's crucial to acknowledge its limitations and potential interpretational challenges. When using Elliott Waves, it's essential to combine them with other analyses and strategies, refraining from placing excessive reliance on them as a singular miraculous tool for market prediction.
XRP is exhibiting fractal symptoms.XRP looks to be setting up for a rerun of it's previous breakout pattern. If this pattern plays out similarly to the previous breakout that ran to around $1.89 then we could assume this move could easily take us to the same level or even greater.
If the breakout pattern is fulfilled I expect $2.25 -$3.50 in the coming months.
XRP going upto 1.35$ !!!**A friend asked me if I think there is any hope for XRP to go up.
I am presenting this analysis to my dear friend. The reason for the validity of this analysis is the Ichimoku cloud gap method, which has a very high accuracy. Therefore, the long-term first profit margin of XRP is $1.35 (of course, as I mentioned in previous analyzes with respect to the Gan method, the target is $2.1). In other words, XRP has no choice but to touch those points due to the gaps it has left behind along the way. And the optimal and reasonable point is $1.35. But unfortunately, in the future, it will see 0.17 cents due to these gaps. Good luck.**
Ripple XRP price has not yet gained the "strength" next riseA bit of time has passed since the rapid rise in the XRPUSDT price and emotions have calmed down, so it's time to take a rational look at the chart.
The previous XRP price increase was surprising only in terms of the time it took to work out, but not in terms of price targets.
Looking at the XRPUSD price chart now, it seems that the correction of the previous growth is still too small. Accordingly, the correction should continue, and the price of Ripple should fall.
After this paragraph, here going to get a lot of dissatisfied "XRP believers" :)
So let's put it this way: with our personal money, we would be ready to buy some XRP for our investment portfolio no earlier than the price zone of $0.59-0.61.
And after that, hold it and wait for the next x2 growth with a desire to sell it in the price range of $1.15-1.25
P.S:
At this stage, we consider "wet dreams" about the price of XRP at $5-10-100 or even $300, to put it mildly, inappropriate. Because then Ripple's capitalization will be larger than BTC, the entire crypto market now, than the capitalization of gold, the US government debt, etc. Hopefully, you have caught the logic and critical thinking.)
But if "somehow" the issue and supply of XRP coins is denominated 100 or even 1000 times, then miracles can happen)
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xrp can break flag and continue to 3.41$ long time.If XRP can hold the flag and continue to increase price, and break the previous peak around $0.90, we can easily target $3.41.
Of course, there will be a lot of volatility along the way, which is great for those who want to invest in XRP long-term and spot.