S-XRP
XRPUSD Weekly triangle currently retesting as exact wick supportEven though we are still inside the triangles on the logarithmic chart, we have now been above this key linear chart symmetrical weekly triangle now for 2 consecutive weekly candle closes, and sure enough the big dump that coincided with the SEC’s appeal found wick support right on the top trendline of this triangle retesting it currently as support. It’s certainly plausible that price could continue to fall back inside the linear chart symmetrical triangle here, however closing the currentl weekly candle above ot’s top trendline here and maintaining it as precise wick support would be such a bullish sign were it. To happen that then I would start wondering if the entire appeal thing might actually not go through because maintaining this as support should validate the breakout and send price action on its way up to find that $3.73 cent measured move target. Of curse still very probably we could dip back inside this triangle one more time as well, either way I thought it’d be a good idea to repost this triangle and also include a screenshot of the current wick support zoomed in. *not financial advice8
XRPUSD Impulse wave to reach 1.2500XRPUSD / Ripple is having a strong bearish candle on the 1week timeframe, erasing the gains so far of the previous 3 weeks.
Even though that is shaking out many traders off the market, this doesn't affect the long term bullish outlook.
The reason is that XRP is repeating a pattern that seems like an Inverse Head and Shoulders of 2022-23.
You can see that when it finally crossed above Resistance one, it rallied strongly to the 1.786 Fibonacci extension.
Buy and target 1.2500
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XRP Wait for the HUGE opportunity🔻 Tough week for $XRP. The price has been a rollercoaster 🎢, leaving investors exhausted.
💡 Opportunity: The next time the market picks up momentum, we could see a major breakout. I'm looking to go long in the marked zone.
⚠️ Advice: Don't rush in expecting a bounce. Save liquidity and stay patient until the right opportunity comes. Patience pays 💰.
BINANCE:XRPUSDT
XRP/BTC Could Drop by -42% by Mid-2025The XRP/BTC ( KRAKEN:XRPBTC ) pair is signaling a potential drop of up to -42% over the coming months, possibly by mid-2025. Historically, we’ve seen that altcoin rallies, like those of XRP, tend to be short and fast, while Bitcoin movements follow a longer and more indecisive pattern.
🔍 Bitcoin Dominance on the Rise
At the same time, Bitcoin dominance is expected to rise gradually, adding pressure to altcoins. This trend suggests that as BTC gains more market share, altcoin declines could intensify.
⚠️ Opportunity or Warning?
For those holding altcoins, especially in the XRP/BTC pair, caution is key. Keep an eye on the signals and be ready to adjust your strategy if needed!
XRP Po3 Structure and Bull Market Setup 1$ and higherIn this video, I break down XRP's current Price Over Oblivion (PO3) structure and why we're expecting a pullback. Price is likely to trade lower into the 4-hour Fair Value Gap (FVG), where we anticipate a potential reversal.
This dip could be the catalyst that ignites the next bull market for XRP, setting the stage for a strong upward move. Watch the full analysis to understand the key levels and market dynamics at play!
Ripple: Upward PressureXRP rose significantly after our last update and even surpassed its July highs at times. Should this upward momentum now continue above the resistance at $0.9479 (probability: 45%), we should already see the coin in the magenta-colored wave alt. (D). However, we are not yet convinced of this option and are thus allowing the same-colored (C) wave to continue below the support at $0.2874.
Alikze »» XRP | Rising triangle pattern🔍 Technical analysis: Rising triangle pattern
- It is in the supply zone in the daily time frame.
- An ascending triangle is now formed.
- Therefore, with the support of the 59 cent zone, it will have the ability to break the supply zone.
- After the failure of the supply area, it can continue its growth until the next supply area.
- According to the formation of the incremental triangle pattern, it can grow as much as the height of the triangle up to the area of one dollar.
- Therefore, after the failure of the supply zone and pullback to it, it can climb up to the next supply zone.
💎 Alternative scenario: In addition, if the dynamic trigger zone is broken from the bottom, the bullish scenario will be invalidated.
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XRP/USDT: A SLEEPING GIANT! 5-6X PROFIT POTENTIAL!!Hey everyone!
If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated!
XRP looks very promising right now, breaking out from a weekly symmetrical triangle. Historically, similar breakouts have yielded returns of 6-7x, and I’m anticipating a similar outcome this time.
After being contained within this triangle for the last four years, this breakout could signal a significant upward movement. I recommend accumulating during dips.
Entry Range: $0.56 - $0.66
Short Term Target: $1.50 / $2.80
Mid Term Target: 4x - 5x
Long Term Target: 8x - 10x
Stop Loss: Weekly close below $0.50
What are your thoughts on XRP's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
XRP SHORTThe chart shows a clear range that XRP/USD has been trading in from April to June, followed by a significant price drop. Currently, the price has rallied back towards a previous area of interest, indicating potential liquidity around the 0.65857 level.
Trade Setup:
1. Entry: Look for signs of price rejection around the 0.6500 - 0.65857 zone, which is marked as an area of external liquidity. This area is expected to act as resistance, with the potential for the price to reverse from this level.
2. Stop Loss: Place a stop loss just above the external liquidity zone at 0.6650 to account for any potential fakeouts or spikes.
3. Target: The initial target would be around the 0.43120 level, where significant demand is anticipated. This is also the projected area shown on the chart.
4. Risk/Reward: The trade offers a favorable risk/reward ratio, with a larger downside potential versus the upside risk if the resistance holds.
Additional Notes:
- Monitor the price action closely around the external liquidity zone for confirmation before entering the trade.
- If price breaks and holds above the 0.65857 level, reassess the trade idea as this would invalidate the bearish outlook.
Hello From the Other Side Of the Trendline !We broke out, we're busting out, we're about to rocket
But man it is a historic break out, dating back to 2017 peak
Now how far the sentiment will take us
Levels to watch are on the chart
We shouldn't forget that XRP has a big market cap, Do not hope for a 20x or even a 10x
Other than that, Send it 🚀
See you up there !
"That's it, that's the idea" - Good night !
bullpennant on the xrpusd 3month logarithmic chartJust posting an updated version of this Also going to post a 1 month timeframe version of it and a weekly timeframe version of it to keep track of how it develops. We can see 3 main targets should the entire pennant be validated and not just the symmetrical triangle. First one is 10 dollars, then 33, then 609. These amounts can of course change somewhat depending on wherever the actual breakpoint occurs. *not financial advice*
XRP buy/long setupFrom where we put the green arrow on the chart, it looks like a bullish phase is formed on the XRP chart.
This bullish phase looks like an ABC as we are now in wave B of this pattern. Wave B also looks like a triangle, and now we seem to be in wave D of this triangle.
We are looking for buy/long positions on the green range. If the price returns to the green range, we will enter the position.
The targets are listed on the chart.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
XRP Dying Star?! Or Rising Again!?XRP has been dying for years
Relative to the space XRP has been a bad hold. In the last bull run it underperformed BTC and of course many others. It also underperformed its own previous high.
Pattern is similar to previous mega run
The lower high pattern is similar to what it made before its last mega run in 2017. It did top out late and was a market topping signal overall.. so even if not an XRP fan its worth keeping an eye on.
XRP AND WHERE WE STAND 🔥 Hope everyone's been well! I've mainly been busy with work so haven't had the chance to post till now but again hope everyone has been alright and well! I'll be sure to keep this quick and concise.
🔥 Following up from our last idea we can see the turnaround from our Death cross with us having regained that 200 EMA. Here's a chart picture for reference from a couple days ago I took:
🔥 I highlighted those peaks to watch out for a breakout and that brings us now to today's chart:
🔥 I've added this blue dotted line to signify our resistance, if we get any breakouts or bullish runs watch that blue line for what'll be resistance no doubt, that being said if we can break it again I can see us breaking out of the 0.60 cent range soon enough with how things have been.
🔥 With the Fed Rate's Cut of 0.5 percentage points that's no doubt raised sentiments as of lately and the market's seemed to love it, especially crypto with Bitcoin leading the pack from it's low of roughly $54,000 in September to $64,000 signifying this bullish sentiment.
🔥 That being said the 200 EMA's are playing a huge role in things for technical traders so I'd keep an eye on that but we've got something else to note:
🔥 When we look at the big picture for the last month or two we see that we're in this sort of middle point, we've seen 0.45 to 0.66 cents in a relatively short period and we already see how dramatic the market can be, so do keep that in mind, whether or not we lose or keep that 200 EMA can help determine whether or not we can get a possible breakout or if we'll fail to sustain that pressure and retrace, reverse course.
🔥 I've got to run but wanted to put something out while I had the chance, overall even if we fall and retrace, things look bullish especially with XRPL development the future looks bright for XRP regardless of what the charts do, that's the biggest picture note I've got.
🔥 Thanks for tune in as always and wishing well till next! Have a great day and keep up all that you do!
~ Rock '
Ripple SEC Case Enters Final Round: What’s Next for XRP?The long-standing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) is entering its final phase, with the crypto community eagerly awaiting a conclusion. The lawsuit, which has kept XRP investors on edge, is now at a critical juncture as experts predict a 75% chance of an SEC appeal, potentially extending the case further and adding complexity to Ripple’s regulatory journey.
Ripple SEC Case: A Brief Recap
For nearly three years, Ripple ( CRYPTOCAP:XRP ) has been entangled in one of the most high-profile legal cases in the cryptocurrency space. The SEC initially accused Ripple of conducting an unregistered securities offering, alleging that CRYPTOCAP:XRP qualifies as a security. The stakes were high, with the SEC seeking a $2 billion penalty. However, the recent ruling by Judge Torres ordered Ripple to pay $125 million — a far lower amount than expected — which many viewed as a partial victory for Ripple.
Despite this ruling, the case is far from over. Speculation is rife that the SEC may file an appeal, challenging portions of the ruling related to institutional sales, while Ripple could counter-appeal the court’s decision on secondary market sales. According to ex-SEC lawyer James Farrell, there’s a 75% chance the SEC will appeal the liability portion of the lawsuit, a move that could delay final resolution by several months or even years.
Potential Outcomes of an Appeal
If the SEC proceeds with its appeal, it could significantly impact XRP’s regulatory status and broader implications for the cryptocurrency market. XRP has been at the center of debates around whether cryptocurrencies should be treated as securities, and the case’s outcome could set a precedent for future regulatory decisions in the U.S.
Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty have been vocal in downplaying concerns about extending the legal battle, reassuring the community that Ripple does not intend to prolong the case unnecessarily. However, should the SEC move forward, Ripple could be forced to mount a cross-appeal, challenging the court’s decision on institutional sales and transactions related to its On-Demand Liquidity (ODL) platform.
Notably, some legal experts, such as Fred Rispoli, have raised questions about whether Ripple would be entitled to statutory interest if it wins the appeal. This could potentially force the SEC to return the $125 million penalty, plus interest, significantly altering the financial implications of the case. Rispoli also suggested that the SEC might need to cover Ripple’s appeal costs if it loses, further complicating the regulatory body’s position.
XRP’s Market Performance and Sentiment
While legal battles continue to cast a shadow over XRP, the asset has shown signs of resilience. As of writing, XRP is trading at $0.5866, up 0.89% on the day, with a moderate Relative Strength Index (RSI) of 56, signaling a potential bullish reversal. Despite XRP’s recent muted price action, the broader altcoin market, including coins like SUI, has performed well, indicating a renewed appetite for risk among investors.
XRP’s futures open interest has also risen by 1%, suggesting that market participants remain cautiously optimistic about the token’s short-term prospects. However, its trading volume has seen a slight dip, down 11% to $928.86 million, indicating that while interest in XRP remains strong, it is tempered by the ongoing uncertainty surrounding the Ripple-SEC case.
What’s Next for XRP?
The SEC’s deadline to file an appeal is looming in October 2024, and the crypto market is bracing for potential volatility in the run-up to that date. Any decision by the SEC to appeal will almost certainly extend the lawsuit, adding further complexity to Ripple’s regulatory future. The case’s outcome will have far-reaching consequences, not only for Ripple and XRP but for the broader cryptocurrency market, as it could shape how U.S. regulators treat digital assets going forward.
For now, CRYPTOCAP:XRP investors are treading carefully, with market sentiment mixed but leaning toward optimism. A positive outcome for Ripple could trigger a significant rally in XRP prices, while an extended legal battle may keep the token range-bound in the short term.
Conclusion
The Ripple-SEC lawsuit is nearing a critical point, with both sides preparing for what could be the final phase of legal proceedings. While the possibility of an appeal looms large, the crypto community remains cautiously optimistic about XRP’s future. Investors should stay tuned for key developments in October, as the case’s resolution will likely have profound implications for Ripple, XRP, and the broader digital asset market.
Can the price of XRP really go that high? This chart shows how it could be possible for the price of #XRP to reach the coveted $589 price target. I'm not a big fan of these extravagant price targets in short time periods, but I do firmly believe that they are attainable given enough time and the right circumstances.
Good luck, and always use a stop-loss!
XRP: buy📊 Analysis by AhmadArz:
🔍 Entry:
1️⃣ 0.5676 (Main Entry)
2️⃣ 0.5455 (Support)
3️⃣ 0.5232 (Support)
🛑 Stop Loss:
🔴 0.5545
🎯 Take Profit:
1️⃣ 0.5797
2️⃣ 0.5919
3️⃣ 0.6076
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💡 Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
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This chart represents the XRP/USDT (Ripple to Tether) pair and highlights two "Good Entry" points 📉 within support zones 🟥 and 🟦. Additionally, the main entry point is noted at 0.5676 📊. Here’s a general analysis with emoji annotations:
1. Entry Points:
The main entry is 0.5676 🟢.
The first support entry is at 0.5455 📉, within the blue zone 🟦.
The second support entry is at 0.5232 📉, within the red zone 🟥.
2. Price Targets:
TP1: The first target price is 0.5797 🎯.
TP2: The second target price is 0.5919 🎯.
TP3: The third target price is 0.6076 🚀.
3. Support and Resistance Zones:
0.5676 is the main entry point 🟢.
The blue support zone is between 0.5455 and 0.5260 🟦.
The red support zone is between 0.5210 and 0.5232 🛑.
4. Analysis:
If the price holds above 0.5676 🟢 and breaks through resistance 🟠, it could move towards the targets at 0.5797 and 0.6076 🚀.
Stop Loss: The stop loss is set at 0.5545 🔴 to protect against downside risks.
In case of a fallback, the price may drop back to the first support entry at 0.5455 or lower, around 0.5232 🔄.
This analysis suggests a potential upward movement 📈, with the main entry point at 0.5676 and clear stop-loss protection at 0.5545.