XRP - Wait For It 🏹Hello TradingView Family / Fellow Traders,
XRP has been overall bearish trading inside the falling channel in red.
However it is currently approaching the lower bound of the channel and a strong support at 0.54.
📈 As long as the support holds, we will be looking for short-term buy setups on lower timeframes.
🏹 For the bulls to take over from a medium-term perspective, we need a break above the last major high at 0.625.
📉 If the 0.54 support is broken downward, we will expect further bearish movement till the 0.5 support where we will be looking for new short-term buy setups.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
S-XRP
⭐️ The Market Draws a Trend ⭐️ Continued ⭐️⭐️ Hi! This idea won't take too long, it's late night after all and I simply wanted to make a quick follow up before I caught some much needed sleep for the night, thanks for tuning in as always, we'll keep things short.
⭐️ Following up from my last idea which is linked and showed in the chart below we did highlight this new channel that's formed following that flash crash we got hit with at the start of the month and that's given us some insight as to what we we're possibly facing and seems that traders did in fact take the action once we lost our ascending channel.
⭐️ In our previous idea we called on the fact hat 0.55 and 0.56 respectively we're some pretty good support levels and that you guys should put up some alerts and curiously enough we did get that drop down to 0.56 with the wick's extension still representing the strength we've got there. I said it in the last idea and I'll reiterate it, even with the support showing and all that doesn't mean 0.55 and 0.56 are the bedrock bottoms for us, the risk for more downside is always there just as there is the fact that at any moment we could have some news and get a crazy jump, you simply never know.
⭐️ What we do know though is that since our exit from the ascending channel in which we also lost the 200 EMA we've been in this descending channel and chances are more than likely traders simply want to see which way we break out from this one. I don't see this descending channel having as big of an impact as our ascending channel, the ascending channel carried a lot of strength with it, especially thanks to our bottom after the flash crash but our current channel feels more minor and more likely than not in the next few days or even tomorrow we could get a breakout to the upside.
⭐️ Since the formation of this channel we can see how bulls have managed to keep price from slipping further out of the channel, I did add in a little black arrow to point out the spot where we can especially see that. Personally I'm looking out for a breakout to the upside and out of the channel but if we keep getting rejecting whilst trying to break out expect some more of a tug a war till we get a break one way or another. And below is the chart with the descending channel.
⭐️ That's the main thing for now, I'll leave it there but I appreciate you guys stopping by as always and wish the best till next! Let's simply keep positive and keep faith as always in ourselves and avoid stressing over things, take some time, have some tea and make sure you give yourself the 'you' moment today that you deserve.
~ Rock '
XRP/USDT Analysis - Anticipating a Price Increase Post ResistancThe XRP/USDT pair is currently under scrutiny, and a positive outlook is emerging from the analysis. The anticipation is for a potential price increase, contingent on the breakout of a significant resistance level as indicated on the chart.
Current Observation: The present market conditions for XRP/USDT exhibit promising indicators that suggest a bullish sentiment.
Resistance Breakout: The key focal point of this analysis lies in the awaited breakout of a resistance level highlighted on the chart. The price is expected to experience upward momentum once this resistance barrier is convincingly breached.
Chart Analysis: Refer to the chart for specific details on the identified resistance level. This breakout could serve as a catalyst for a sustained upward movement in XRP/USDT.
Confirmation Factors: Look for additional confirmation factors such as increased trading volumes, supportive indicators (like RSI or MACD), and other technical signals that may strengthen the conviction in the impending bullish move.
Risk Management: Despite the positive outlook, it's crucial to implement sound risk management strategies. Set stop-loss orders and be prepared to adapt your approach based on real-time market developments.
Price Targets: Once the resistance is broken, consider establishing price targets for potential take-profit levels. This can be based on further technical analysis or predefined profit objectives.
Remember, the cryptocurrency market can be dynamic and subject to rapid changes. Stay vigilant, keep a close eye on the evolving market conditions, and be ready to adjust your strategy accordingly.
XRP - Best time to buy is right now, here is whyXRP is currently sitting on the main support of the ascending parallel channel. This is definitely a great opportunity to buy cheap XRP. We have a leading diagonal wedge as wave (1) followed by a sharp correction wave (2). Wave (3) should be in progress. You can be sure that XRP is a big deal for huge institutions such as banks. They are already investing a lot of money into implementation of this cryptocurrency. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Unlike Bitcoin or Ethereum, the XRPL uses a unique Federated Consensus mechanism as its method of validating transactions. Transactions are confirmed on the XRPL through a consensus protocol, in which designated independent servers called validators come to an agreement on the order and outcome of XRP transactions. All servers in the network process each transaction according to the same rules, and any transaction that follows the protocol is confirmed right away. All transactions are public and transparent, and anyone can operate a validator. There are currently over 150 validators on the ledger, operated by universities, exchanges, businesses, and individuals around the world.
Through the Federated Consensus mechanism, all verified transactions can be processed without a single point of failure as no single participant makes a decision independently. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
BITCOIN weekly roadmapGood time friends, I hope you are great.
According to last week's analysis, Bitcoin reached the range of $48,000 twice and could not go beyond this range.And from this area, it started its falling movement, this fall could be predicted both technically and the news that has come for Bitcoin during the last week.
Bitcoin is forming MTR in the daily time, it has broken the upward channel that we had downwards, the last bottom that I marked with a dashed line on the chart, below this range we also had a close candle.
In general, I see Bitcoin as bearish, this week I could not find a safe area for selling positions so that we can take swing selling positions.
But we can have buying positions in the range of (40000-41000) and (39400-39800) by getting appropriate approvals, if there is an opportunity for selling positions, I will inform you in the next analysis.
HelenP. I Ripple will break trend line and continue to move upHi folks today I'm prepared for you Ripple analytics. Some time ago price traded inside the resistance zone, which coincided with the resistance level, and later it made a fake breakout, after which the price rose to 0.6385 points. Next, Ripple rebounded and made a strong impulse down to the trend line, thereby breaking the 0.6150 and 0.5500 levels. After this movement, XRP rebounded from the trend line and rose higher than the 0.5500 support level, which is located in the support zone, breaking this level again. Also, the price started to trades in a triangle, where so long XRP traded near the support zone. At the last time, when the price declined to this zone, it at once rebounded up to the 0.6150 resistance level. Price even broke this level and entered to resistance zone, but soon it turned around and in a short time declined to the trend line. As well recently, Ripple exited from this pattern and now it continues to trades very close to the trend line. For this case, I expect that XRP will break this line again, make a retest, and continue to move up. That's why I set up my target at 0.6100 points. If you like my analytics you may support me with your like/comment ❤️
⭐️ The Market Draws a Trend ⭐️⭐️ Hey hey! Hope everyone's been well been a few days but so much has happened. Following up from my last idea it's crazy to see that we in fact did get that spring jumping up to 0.62 with that announcement of the Bitcoin ETF on the 10th as well as XRP's successful exit out of our descending wedge. So we had that as well as the fact that we caught our 200 EMA again and that definitely helped to reel us back up. Here's a link to the chart/idea below:
⭐️ Anyway I said this would be short so here's the current wedge I've drawn out that's formed since our impulse move up to 0.61 and 0.62 respectively. The wedge is on the 30 minute chart and on our main chart up above I've added this ascending channel which will likely continue to play a role in the next few days/weeks.
⭐️ Main thing traders are likely watching for is whether or not we get that break to the upside or down, basically the same as the move we just went though previously. So that alongside the 200 EMA and if we can keep ahold of it. That being said 0.55 has been doing well for support with our second wick down to that level being kept closed at 0.56 and above thus there's definitely a good support level there.
⭐️ While it's a good support level it also doesn't mean that it's bedrock or an absolute bottom, we should always consider the unexpected and on that note I'd definitely set some alerts at 0.56 and .55 just in case we do get a break down out of our wedge and come to retest those levels.
⭐️ I'll leave the idea there for now, but overall it's been a good week everything considered, so happy to finally be at a point where crypto is getting recognition, it's taken a few years but it's good to know the train is moving and getting going. Thanks for coming by as always, I appreciate each and every single one of you guys as usual and wish nothing but the best till next, thank you!
~ Rock '
XRP|The possibility of starting a new BULLISH waveAfter the price reached the resistance area of 0.7154 in the form of an upward trend, we saw the return of the price, which is in the form of a descending channel.
The demand areas in the daily time have prevented the price of Ripple from falling further, which has gathered all the available liquidity in these areas in a last ditch effort to start an upward trend.
At the moment, we have to wait for the channel to break upwards, and in the return to valid support areas, we should enter into buying transactions to reach the price targets of 0.7154 and 0.8341.
ETH Will Make A Lower High This BullrunETH chart looks terrible to me. The Log chart looks like Luna did before the collapse. This run ETH will probably make a lower high and then fall significantly. Not sure what will cause this but probably a hack or a screw up by the devs while the implement these upgrades leaving the chain vulnerable. Who really knows but it looks like something is coming for ETH and it aint good. Oh and does anyone notice the elephant in the room, a giant bear flag. Not financial advice this is just my opinion. Thank you and good luck out there.
ADA Cardano Will Have A Great BullrunI believe that Cardano will have a great run this next bullrun. The chart looks bullish and I believe it has finished its correction and consolidation, considering it only did about a 10x in the last run give or take, I think this one has some room to grow. This next one may be the big run for ADA in my opinion.
In the short term I see ADA falling down about 40% percent down to 30 cents before its run up.
Not financial advice, just my opinion.
BINANCE BNB About To Fall Off The TableBNB has formed this giant descending triangle which is a very bearish setup. BNB went up 700x from its lows to $700. That type of move requires a much larger correction consolidation. BNB will fall like DOGE did after its massive run up before its next move up. BNB may not participate in this bull market and have to wait till next bullmarket if it survives.
When something goes from 90 cents to $700 in such a short period of time that sort of move is not sustainable. BNB is extremely overvalued. Its not a representation of the value of Binance but rather just a token that its only use is to trade on Binance and the coins on Binance Smart chain, which arent that special. BNB is way overvalued in my opinion. A massive correction is on the way. Some type of news will come out to make this happen probably after a fake out breakout of this triangle in a couple weeks to a month. Also theres still 50 million coins left not in circulation. Thats 25% of the total supply.
The RSI has hit the bullsh control zone and failed to break it. Last time this happened and BNB got rejected at the Bullish control zone was back in November 2021 when it dropped so fast and hard your head spun. The STOCH RSI is also pointed straight down on the weekly.
Not financial advice just my opinion.
This was the DOGE chart I made back in December of 2021 when everyone called me crazy. The move played out exactly as I predicted. You should go read some of those comments, they are humorous to say the least.
How XRP got the bullish trend confirmation by Bullish Bngulfing Hello everyone,
XRP is aiming to establish a new price zone between $0.62 and $0.64, which could pave the way for a further rise to $0.71-$0.75.
In this post, I will share with you a clear and easy analysis of the XRPUSDT pair on a 1H chart. As you can see, XRP recovered from the market dump and entered a wide price zone, which indicated a potential upward trend. Before the break of the downtrend line, there were two long-wick candles in the price zone, which showed that the buyers were testing the resistance level. The break of the downtrend line was followed by a strong bullish Engulfing candle, which signaled a reversal of the bearish momentum and a continuation of the bullish trend. I hope you find this analysis useful and informative.
What do you think about this analysis? Do you agree or disagree with it? Please share your thoughts and opinions in the comments below. I would love to hear from you.
Disclaimer: Please note that this is not a financial advice and you should do your own research before making any investment decision
XRP Long Term Bullish OutlookCRYPTO:XRPUSD long term is very bullish.
I measured that we will hit the target profit $27 around early to mid 2025 based on the previous 1 year pole. You can see the formation of rally-consolidation-rally with a bullish pennant consolidation. RSI is looking good too, i'm certain it will close with a crossing but you can wait until december closing to make sure.
Also outside of technical analysis, xrp or ripple is very good fundamentally and narratively. The narrative of CBDC will be major if the world government implement this globally, i think it will be implemented in 2024 or 2025. It's best to buy XRP now.
XRP TF 1D signal Bullish Engulfing done Yesterdayrules are not to forget to play with Slop loss and break event.
now the potential growth is clear.
but need a security Stoploss in proper low.
until we pass the save zone to let the market move to 1.618 Fibonacci.
I have drawn an example of the cart to explain what will happen. but this is not the confirmation of volume & short-term trader interframe with the market.
what I believe is more volume more changer to grow the market.
this mush happen in less than 17 day. if not we need new counting.
XRP - Ready to go parabolic?XRP has been in an accumulation phase for over a year, we are confident that this accumulation phase will result in a substantial markup phase and so we have been accumulating for a while also. Our long term targets are posted below.
If you were to play it in the short term then we are above a key level from history, possibly the most important one, showing bullish convergence with perfectly poised indicators. The double bottom also shows confidence for buyers. There are two levels to trade in the short term.
Ripple - XRPUSDT - Sleeping GiantGreetings Everyone,
Today we are looking at Ripple's XRP.
Ripple is one of the oldest crypto project and the only project which flipped ETH for second spot in crypto ranking in 2017 bull run and is the only one that came closest to flipping Bitcoin for first spot during the same time period. Although it was a very short period but it happened and it speaks volume.
Later on SEC vs Ripple lawsuit came into play during last bull run which capped the projects adoption and growth potential significantly. Even with that it had 10x growth during last bull cycle peak. Last year, however, Ripple won the lawsuit and XRP had a short lived spike but we were not completely out of the bear cycle lows so it did not amount to much.
This time, with SEC troubles behind us, we expect to have bright days ahead for XRP.
For the last little while XRP has been trending in an up-slopping channel except for a short live spike mentioned before. It still maintains the elite top 10 crypto status which demonstrates the strength of the project and it made a significantly higher low compared to last cycle i.e., its holders have diamond hands. Additionally it has been in the news that there will be ETF filings for XRP in April 2024.
Based on all the history and factors indicated, we expect that XRP start to print great gains soon now that BTC ETF has successfully been approved and the market stagnation due to that is behind us.
Our target for XRP at the peak of bull cycle is around $12 mark which will be 20x return from current price level.
Please FOLLOW to stay up to date!
Note: This is not financial advise and shall only be used for educational and/or entertainment purpose. Please do your own research before investing. Crypto Markets are highly volatile and you are responsible for the risk of losing your entire investment.
Ripple Initiating $285 Mln Share Buyback
Ripple Labs, a leading crypto-payments firm, is making waves in the financial landscape with its recent announcement of a $285 million share buyback from early investors. This strategic move is set to value the company at an impressive $11.3 billion, showcasing Ripple's confidence in its future growth prospects.
The Share Buyback:
Ripple's decision to repurchase $285 million worth of shares is a bold move aimed at providing liquidity for its early investors. The fact that these investors can only sell up to 6% of their holdings indicates Ripple's commitment to maintaining stability while rewarding those who have supported the company from its early stages. This buyback also includes a substantial allocation of $500 million to cover the costs of converting restricted stock units into shares and addressing associated tax implications.
Valuation and Financial Strength:
The $11.3 billion valuation signifies the market's recognition of Ripple's position as a key player in the crypto space. CEO Brad Garlinghouse revealed that the company holds more than $1 billion in cash and an impressive $25 billion in digital assets, primarily composed of CRYPTOCAP:XRP coins. This robust financial standing not only reinforces Ripple's credibility but also provides a strong foundation for further strategic initiatives.
Regulatory Challenges and Global Expansion:
Despite its success, Ripple has chosen to remain a privately owned entity, with Garlinghouse citing regulatory uncertainties as the reason for not taking the company public in the U.S. This decision reflects Ripple's cautious approach to navigating the evolving regulatory landscape. However, the company has not shied away from international expansion, particularly in Europe and Africa. The dismissal of charges by the Securities and Exchange Commission last October has paved the way for Ripple to explore new markets and establish itself as a global fintech powerhouse.
Future Outlook:
Ripple's forward-looking stance involves additional share buybacks to ensure investor liquidity, demonstrating a proactive approach to corporate finance. As the company expands its footprint in Europe and Africa, it aims to capitalize on the growing demand for innovative payment solutions. With a solid financial foundation, a strategic buyback plan, and a focus on international markets, Ripple is positioning itself for sustained success in the dynamic world of cryptocurrencies.
Conclusion:
Ripple's recent moves, including the significant share buyback and international expansion plans, showcase a company that is not only thriving in the crypto space but also adapting to regulatory challenges with strategic finesse. As Ripple continues to strengthen its financial position and explore new markets, it remains a compelling player to watch in the ever-evolving landscape of digital finance.
RIPPLE - Price can bounce up from support area to $0.6000 levelHi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊
When price reached resistance level, which coincided with resistance area, XRP soon broke it and rose higher.
But later price declined back, thereby breaking $0.6500 level again, and started to trades inside flat.
Inside flat, XRP first made fake breakout and then made upward impulse to resistance zone, after which price started to decline.
Later Ripple in a short time declined to $0.5000 points, exiting of flat, and soon it also entered to triangle.
In triangle, price rose higher than $0.5600, but recently XRP reached resistance line and fell to support area.
In my mind, Ripple can break support line, exiting of triangle, and then bounce up to $0.6000, breaking resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
XRP Long term buy zones - BTC ETF cancelled push down XRPSlow grind for XRP could ensure that we see the lows once more. The upcoming BTC ETF will probably not be approved in one go. As a result, XRP will probably fall along with BTC.
As you can see the bottom line will take us to +/- 0.40$ first buy zone where I buy 10,000$.
If this structure gets broken to the downside, it would probably be a fast wick down and up.
So my second buy zone would be around 0.30$/0.25$. Where I buy another 6,000$.
For a flip to 0.90$ XRP
Please let me know your thoughts in the comments!
XRP Try to Break another Top This is one more update from me, As an XRP Trader I already made an entry from this Area, unless if break a red dot line I need to make an analysis. because this is my Stoploss area.
I predict a good uptrend price will be around the uptrend channel until meets 161.8% Fibonacci
for me, this is a wave C in the early stage this is a potential low price to entry buy. but what can I say this is my method to explore this market.
be careful of market sentiments need more alert on pump & dump.
what I can say XRP is now manipulated by a shark or internal dumper to stabilize the price and push the holder to dump and the whale will be pumped back. that is my opion .
DYOR
BTC - 15m scalp buy opportunityConsider going long on BTC, focusing on a sensible risk-to-reward ratio.
BTC is displaying strong bullish momentum, and the recent downturn appears to be losing steam.
With noticeable bullish price action signs and ample liquidity above the last high, BTC is well-positioned to smoothly climb towards a FWB:48K target.
XRPXrp analysis:
Currently the Price is testing resistance area . This is not a place to buy , we should wait for a breakout and confirmation or We may see a move towards the support area again.
Local support area $0.51-$0.53
Major support area
$0.38-$0.41
Local resistance area
$0.58-$0.60
Major resistance area
$0.69-0.72