RIPPLE - Price can exit from wedge and rise to resistance areaHi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊
A not long time ago price entered to wedge, where it at once made downward impulse from resistance line.
Ripple broke $0.5630 level, which coincided with resistance area, and in a short time declined to support line, breaking $0.4660 level too.
Soon, it turned around and rose higher than $0.4660 level, making fake breakout, and continued to trades near this level.
After XRP made a correction to $0.4660 level, it bounced and in a short time rose to resistance line of wedge.
But recently price turned around and started to decline, so, I think Ripple can decline a little more.
Later, price can bounce up to $0.5785 resistance area, exiting from wedge and breaking resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
S-XRP
The XRP chart is indicating a move to around the $2.50 level.As the BRICS gold-backed digital currency, which is running on the XRP ledger, prepares to go live, XRP adoption and usage will continue to gain momentum. The charts are indicating a move to the $2.50 level over the next year or so.
Good luck, and always use a stop-loss!
Ripple's Bullish and Bearish ScenariosXRP is currently in a support zone and at the bottom of an ascending channel. If bullish patterns form in this area, the price is expected to rise to the channel's ceiling and the indicated resistance zone. If the blue support zone breaks and the price closes below it, a downward trend will begin.
📈XRP: Technical Analysis Amidst Market Tranquility🐢📊 Comprehensive Analysis - XRP 📊
Embarking on today's analysis amidst a market holiday, we find the market continues its calm demeanor, with the possibility of another day of consolidation and range-bound trading. Hence, exercise caution to avoid impulsive positions, as trading opportunities may be scarce during this period.
🔍 Project Overview:
Today, we turn our attention to XRP, a cryptocurrency that personally doesn't resonate with me for its deviation from the fundamental principles of blockchain. However, as a professional, it's essential to stay abreast of developments in all relevant areas.
📈 Chart Analysis:
Zooming into the daily timeframe, we witness a sharp downward movement, breaching the $0.495 support level. However, subsequent candlesticks failed to sustain below this level, potentially indicating the initiation of a new upward trend. Notably, XRP exhibits a bullish high wave cycle, with a conceivable upward target of $0.7240.
💡 Trading Strategy:
For spot traders eyeing entry points, a cautious approach is advised. Consider setting your sights on the $0.7240 resistance level, where profit-taking may occur, or wait for a potential retracement to the support box. In the worst-case scenario, exercise patience and re-enter after a break below $0.724.
📊 Volume Analysis:
Examining recent volume trends, red candle volumes outweigh green candles, suggesting prevalent selling pressure. Furthermore, the lackluster volume in the latest candlestick adds to the ambiguity, rendering it inconclusive for trading decisions.
🔄 Conclusion:
With XRP's high wave cycle confining it within a range, traditional technical indicators like Fibonacci retracement offer limited utility. In such scenarios, traders must exercise caution and rely on comprehensive analysis to navigate the market effectively. May this analysis serve as a valuable resource in your trading endeavors.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
XRP/BTC - XRP: Super Trend◳◱ On the $XRP/ CRYPTOCAP:BTC chart, the Super Trend pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 0.00000886 | 0.00001007 | 0.00001225 and support near 0.00000668 | 0.00000571 | 0.00000353. Entering trades at 0.00000784 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: XRP
▣ Rank: 8
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc, Kraken
▣ Category/Sector: Payments - Currencies
▣ Overview: XRP is a cryptocurrency aiming to increase the speed and reduce the cost of transferring money between financial institutions. Underpinning Ripple's xRapid product, an on-demand liquidity solution, XRP is used as a bridge currency for financial institutions exchanging value between multiple fiat currencies. XRP is the native token of the XRP Ledger, an open-source cryptographic ledger powered by a peer-to-peer network of nodes.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00000784 ₿
▣ 24HVol: 275.993 ₿
▣ 24H Chng: -0.508%
▣ 7-Days Chng: -8.86%
▣ 1-Month Chng: -18.36%
▣ 3-Months Chng: -9.85%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.00000886 | 0.00001007 | 0.00001225
◢ Support: 0.00000668 | 0.00000571 | 0.00000353
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_SELL
◰◲ Technical Indicators Summary : SELL
◲◰ Sharpe Ratios :
▣ Last 30D: -3.64
▣ Last 90D: -0.28
▣ Last 1-Y: 0.26
▣ Last 3-Y: 0.10
◲◰ Volatility :
▣ Last 30D: 0.77
▣ Last 90D: 0.74
▣ Last 1-Y: 0.94
▣ Last 3-Y: 0.99
◳◰ Market Sentiment Index :
▣ News sentiment score is 0.94 - V. Bullish
▣ Twitter sentiment score is 0.53 - Bullish
▣ Reddit sentiment score is 0.37 - Bearish
▣ In-depth XRPBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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HelenP. I Ripple can correct to support level and then bounce upHi folks today I'm prepared for you Ripple analytics. A few moments ago price started to decline in a downward channel, where it at once rebounded from the resistance line and in a short time declined to the trend line, which is the support line of the channel too, thereby breaking the 0.6435 resistance level. But later, the price turned around and rose to a resistance zone, after which it rebounded and some time traded below. Then XRP rose to the resistance level again, but at once turned around and in a short time declined to the trend line, which coincided with the support level and zone. Price even made a fake breakout of a downward channel, after which it soon backed up and continued to trades near the 0.4800 support level. Now, I expect that Ripple will make a correction to the support level and then start to move up. For this reason, I set my target at 0.5425 points. If you like my analytics you may support me with your like/comment ❤️
Ripple XRP price. Global view of the chart on weekly timeframe😱If you believe in fairy tales that CRYPTOCAP:XRP can be worth $10 , then please prepare your psyche for the reality that #XRPUSDT has every chance of dropping to $0.20
Now, after a cold shower, let's take a look at the chart.
According to the wave analysis, there is no final answer yet: has the bottom of wave -2- already been reached or is it still ahead?
👉 If the #XRPUSD price can't be pushed below $0.40-0.45 in the coming weeks, then there will be a ray of hope that the "bottom has already been there". This will mean that the price may eventually start to grow by blue scenario.
👉 If no one "holds" the price of #Ripple, then "hello" $0.20-0.21. If you buy XRP there, you will be officially initiated into the sect of "$10=XRP witnesses" founded by desperadoes people in 2017.
_____________________
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Total crypto marketcap similar to large-cap and small-cap stocksWhile Bitcoin rose to new all-time highs this year, many altcoins seem to lag behind it, showing a somewhat similar dynamic to that observed between large-cap and small-cap stocks (where large and well-established companies managed to recover in the past year or so while their smaller counterparts have been struggling). In addition to that, it is often overlooked that despite a huge rally in Bitcoin, the total cryptocurrency market cap has not reached its previous all-time highs from late 2021 (even despite Coinmarketcap currently listing more than 2.4 million different cryptocurrencies on its website, which is far more than at the peak in 2021).
Illustration 1.01
Illustration 1.01 shows the weekly charts of the three largest cryptocurrencies (excluding Bitcoin and stablecoins). Unlike Bitcoin, each token failed to reach new all-time highs (thus far). The same applies to other large cryptocurrencies, including XRP, DOGE, and Cardano.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor or any other entity. Your own due diligence is highly advised before entering a trade.
Ripple can break support level and decline to 0.4480 pointsHello traders, I want share with you my opinion about Ripple. Observing the chart, we can see that the price some time ago, and started to trades in the range, where it at once rose to the top part of this pattern and some time traded near. After this, the price turned around from the top part of the range, and in a short time declined to the seller zone, which coincided with the 0.5680 resistance level, after which XRP bounced and tried to rise in the range. But, after it a little rose, the price turned around and made a strong impulse down to the support line, thereby exiting from the range and breaking resistance with support levels also. After this, XRP in a short time rebounded from the support line and rose higher support level, breaking it one more time. After this, Ripple made a little correction to the support line, but now XRP continues to trades near the 0.4835 support level. In my opinion, Ripple can make a little movement up and then rebound down to 0.4480, thereby breaking the support line and level. Please share this idea with your friends and click Boost 🚀
🚧XRPUSDT is Bullish now🚧 & many Traders don't see it 👀!!!Hi.
COINEX:XRPUSDT
Today, I want to analyze XRP for you in a Weekly time frame so that we can have a mid-term view of XRP regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
XRP is testing the top of symmetrical triangle on weekly timeframe
Up We Go if we manage to break upwards.
✅ Due to the Ascending structure of the chart...
- High potential areas are clear in the chart.
- AB=CD
- symmetrical Triangle
Stay awesome my friends.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
XRP Recovers From Weekend Massive Decline up 3.20%The CRYPTOCAP:XRP cryptocurrency has recently experienced a noteworthy recovery, having surpassed its weekend low of $0.41 and climbed back above its $0.50 support level. The recovery can be attributed to a recent proposal by Ripple developers regarding the creation of a native lending protocol on the XRP Ledger. This protocol aims to enhance the platform's DeFi capabilities by enabling users to lend and borrow digital assets directly from the CRYPTOCAP:XRP Ledger.
The native lending protocol proposed by Ripple developers, Aanchal Malhotre and Vito Tumas, focuses on three specifications: XLS-64d (Pseudo-account to track balances and issue tokens), XLS-65d (Single Asset Tokenized Pool), and XLS-66d (Native XRPLedger Lending Protocol, provide liquidity for assets). Liquidity providers would be able to deposit tokens such as CRYPTOCAP:XRP , wrapped Bitcoin (wBTC), and wrapped Ethereum (wETH) into a lending pool and earn interest. Pool delegates would manage these pools, attract capital, and provide loans. Borrowers and pool delegates would agree on loan terms off-chain and record them. The protocol would enable fixed-term loans and pre-set terms for interest accrual, thereby bypassing the need for off-chain underwriting, risk management, and a first-loss capital protection scheme in the event of default.
If the proposal is accepted and the lending protocol goes live, it would promote financial inclusion, transparency, and efficiency on Ripple's native blockchain. Additionally, the protocol has the potential to attract developers to build and integrate lending Decentralized Applications (DApps) on the blockchain and address a wide range of use cases. However, developers are yet to announce a timeline for the proposal's implementation.
Based on Technical Outlook, the altcoin has made a comeback above $0.50, having swept the $0.4188 lows for the first time since May. The $0.50 round level represents key support for CRYPTOCAP:XRP , as the altcoin has broadly sustained above this threshold since February. In the event of a decline, XRP price could find support at $0.4117 and faces resistance at $0.5310 (the 50% Fibonacci retracement of the altcoin's drop from the April 9 peak of $0.6431).
The Relative Strength Index (RSI) has recovered from its decline below 30 (the oversold region) and climbed to 34.13 on Monday. However, the RSI continues to signal little momentum.
The Daily Price chart shows an "Inverted Hammerhead" indicating bullish bias.
Symmetrical Triangle on the monthly XRPUSD log chartAs usual, the logarithmic chart’s measured move target is much higher than the linear charts measured move target for the symmetrical triangle. We can see here that it is getting very close to the apex of the triangle on the monthly chart and should likely see some sort of a breakout by the end of June if not sooner. Target on logarithmic chart is around $11.47 for just the triangle alone, but that could take price action a longer amount of time to reach the full target of than it will take the linear chart’s symmetrical triangle to reach its full breakout target(which is much lower than $11.47). Wanted to post an idea of this log version of the symmetrical triangle to keep track of how it lays out more easily. *not financial advice*
XRP Dollar Cost Average Strategy (Update)Here's an update on the analysis which I posted back at the end of March. Just as I expected XRP prices dumped below the liquidity trendline!
I am still bearish on XRP for the time being & we can see a clear trendline liquidity building up 7 being ready to get taken out. That is when I will look to load up buy positions.
However, if this scenario don't work out, my orange zones is where I will look to Dollar Cost Average into buy positions. After a break above each orange zone, I will open a new position and buy XRP.
$XRP Preparing for a price jumpAt the end of the XRP analysis, you saw that we gave buy areas and from these areas, the price brought a good pump
Again, according to the correction below the LQ, we again have a great area for price jumps, which you can buy after receiving and confirming the time trigger.
This analysis will be performed with your likes
UPDATED XRP Cup & Handle Chart.Since identifying the Cup & Handle pattern in XRP months ago, I have been updating it as the price movement continues to progress. With the major drop we've seen the past two days, it actually lined up the Fibonacci levels nearly perfect to the chart.
I do believe this is the end on the wave 2, and will ear-mark the beginning of wave 3 which will be spectacular for the price of XRP.
Good luck, and always use a stop-loss!
Ripple can reach resistance level and try to break itHello traders, I want share with you my opinion about Ripple. By observing the chart, we can see that the price some time ago broke the resistance level, which coincided with the seller zone, and started to decline inside the downward channel, where it soon fell to the support line of the channel. Later price tried to rise, but failed and declined to the current resistance level, which coincided with the resistance area, after which it turned around and started to move up in an upward channel, thereby exiting from the past channel. In the upward channel, XRP rose to the 0.6275 resistance level and even entered to seller zone, but at once turned around and rebounded down to the support line, where it some time traded near and later made a strong downward impulse. Ripple exited from the upward channel and declined to 0.5620 level, but a not long time ago it broke this level too and even fell lower resistance area. Also recently, XRP turned around and rose almost to the resistance area, and now, in my opinion, Ripple can rise to the resistance level, after which it makes little correction. After correction movement, XRP can try to break the 0.5620 level, and if the price breaks this level, Ripple will continue to move up, therefore I set my target at the 0.5840 level. Please share this idea with your friends and click Boost 🚀
XRP price tests $0.50 support as AMM makes comeback on XRPLedgerThe Ripple $(XRP) price has been testing the psychologically significant support level of $0.50 on Friday, despite the recent rally of Bitcoin prices to $70,900 on April 12. CRYPTOCAP:XRP prices have remained unaffected by Bitcoin's recent gains. The possible influence on CRYPTOCAP:XRP prices is the recent Automated Market Maker (AMM) amendment, along with developments in the Securities and Exchange Commission (SEC) lawsuit against Ripple ( CRYPTOCAP:XRP ) and related court cases, such as the Govil and Coinbase lawsuit.
On Friday, XRPLedger's 'fixAMMOverflowOffer' amendment went live, and the AMM is back in action on the mainnet, marking a milestone for Ripple's blockchain. Ripple's CLO Stuart Alderoty shared details of a lawsuit in which the Second Circuit rejected the SEC's appeal. The SEC alleges that Aron Govil used his position as a controlling shareholder to cause Cemtrex to engage in a variety of fraudulent conduct. The regulator is seeking disgorgement of misappropriated funds; however, the Second Circuit denied the SEC's appeal. Alderoty considers it the SEC's loss since the Second Circuit refused to reconsider their decision in Govil, which held that if a buyer suffers no financial loss, then the regulator is not entitled to disgorgement from the seller.
The SEC is seeking over $2 billion in fines from the payment remittance firm, Ripple, for the institutional sales of XRP made by the payment remittance firm and violation of securities laws. It alleges that Ripple violated securities laws. The Govil decision sheds light on what XRP holders can expect from the SEC's appeal in the Ripple lawsuit. Pro Ripple attorney Bill Morgan commented on the Govil lawsuit and its impact on the Ripple case. Morgan said that no conclusion can be drawn until Ripple's brief and counter-arguments against the SEC's motion are public.
Technical analysis shows that the Ripple price ( CRYPTOCAP:XRP ) is trading within a tight range between the February 7th low of $0.5077 and April 9 high of $0.6431. CRYPTOCAP:XRP price is testing the $0.60 support on Friday, which is considered a key psychological level for the altcoin. It acted as support throughout March and April 2024. A successful retest of $0.60 would mean CRYPTOCAP:XRP prices are likely to make their way to the April 9 high of $0.6431. The altcoin faces resistance at $0.6336, a level that it has failed to break in the past two weeks.
XRP FALLS OFF A CLIFF! BREAKING THE JUNE 18, 2022 TREND LOW.XRP has been absolutely struggling to hold even mediocre gains as of late, and has now broken the June 18, 2022 trend low, which has held for a year and ten months.
Is this a disaster for the XRP price in the coming weeks, or be an incredible buying opportunity?
Let me know what you think in the comments below.
LTCN About To Print MillionairesHello everyone, I figured I would do an updated chart on LTCN. My previous chart played out as predicted so far.
So, LTCN is in a clear breakout. Local top is coming around $30 with a possible 50% correction back down to $15 at that time. Coincidentally after the current cup and handle plays out, this correction will be forming a much larger cup and handle pattern on a higher degree of trend. If this larger cup and handle plays out then I can see LTCN hitting all time highs and probably breaking through into price discovery where we could see $1000 + LTCN. For this to happen then the native Litecoin cryptocurrency would have to be into the thousands of dollars. Either we are all crazy or Litecoin crypto is about to print bigger millionaires. Hold onto your hats folks, things are about to get interesting. Good luck out there.
This is just my opinion, none of this should be considered financial advice in any way.
Can We Just Keep It Simple For Once? 2 Month Stoch RSI shows exactly where we are. No fancy lines, or indicators or anything else. Just look! Its really that simple. Bitcoin is about to go straight up if you cant see that in simple terms and picutres then you're probably going to get chopped up! Good luck none of this is financial advice!