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🔥 XRP LEFT THE DESCENDING CHANNEL 🔥Hi! Hope everyone's doing well, if your a regular here then thanks for coming by as always, appreciate it! 🔥 In our last idea we highlighted that descending channel for XRP and pointed out that a lot of what would happen would be in correlation to Bitcoin as well as whether or not we exited the descending channel and that's basically it to keep things short and simple. We got that exit from the channel and since then this sort of ascending channel has formed which I've detailed with the dotted black lines. 🔥 That being said we have exited from the ascending channel and we see exactly what happened with that. We lost both the channel and the 200 day moving average thus we're close to retesting this support here ranging from 0.60-0.61 to gauge whether or not we can regain our footing or if we'll fall further. 🔥 Part of that will likely be on whether or not Bitcoin itself can keep itself grounded above $69,000. Here's the chart below for some perspective: 🔥 I haven't added anything, I've only extended the horizontal lines from the previous post so we're at this resistance point or pivot point right now as some may call it. If we fall back down below 69 I'd expect some volatile movements with a possible drop if we lose the 200 EMA on the lower time frames by which we could see another test of $61,500. After all, we can see that it already did one test of that level before rebounding and exiting it's own descending channel. 🔥 So definitely would recommend keeping an eye on that, it'll likely influence Ripple in the next few days as usual. As for economic events to watch for on the 29th, this Friday Powell will be speaking and we already know how that can sway the market so definitely watch out for some possible volatility depending on what Powell comments, speaks on or about. 🔥 Didn't want to make this idea too long but you get the gist, we're just at another pivot point and we've got these mini channels moving us up and down, nothing too crazy. And all this amongst the SEC asking the Judge to Fine Ripple nearly $2 Billion in the XRP case which alone as it is marks a crazy move by the SEC, they stay being nothing but trouble unsurprisingly. Here's the link to an article on that below: news.bitcoin.com 🔥 Any way I'm leaving the idea at that, there's no clear outlook on things as we're mainly waiting to see if BTC can sustain enough pressure and support to keep above that 69k mark again. I'll leave it there but thanks for coming by as always, really appreciate it you guys. Have a great day and see you all soon! ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
3
XRP and the coming new all-time-high.XRP's price has been lagging behind the market, but it makes sense as Ripple has admitted to dumping XRP on retail's head during the rallies. As it stands, the selling of XRP is Ripple's only way to raise capital. However, XRP still remains the only single cryptocurrency on the entire market that has legal clarity. Not even Bitcoin has this, even though it is falsely touted to have such by Bitcoin shills all over the internet. Once the lawsuit is finished, there will be nothing standing in the way of XRP finding true price discovery, and people who have gained massive amounts in other cryptos will be taking profits out and reinvesting them in undervalued assets like XRP. I see a short squeeze from hell coming to XRP very soon! Good luck, and always use a stop-loss!
BINANCE:XRPUSDLong
by MetaShackle
Lukso Soon to be listed on Uphold which is one of the few crypto onboarding exchanges that US residents can purchase coins and tokens directly from their bank accounts. This is a chart from Gate.io showing a pretty solid falling wedge pattern. In which the price action has came back down to the entry zone and is retesting the falling wedge. Falling wedge patterns have around a 70% chance of breaking bullish and have multiple ways to find targets upon breakout to where the price action will likely end up during the next extension wave. You can find the first target area by measuring the mouth of the falling wedge opening. This is the area at the top of the wedge which the upper trend line is drawn from the BODY of the candlestick on the chart. You can use a trend line to start this measurement. The second point you will want to extend your measurement trend line to is the beginning of the lower falling wedge trend line. Again, only measure from the top candle body to the bottom trend line candle body. Then you will want to grab the measurement trend line you have just created and place it on the breakout of the wedge. This is the area at the bottom of the wedge that the price action has broken above the top of the wedges trend line you have drawn like in the chart we have here. Your first target will be the top of this line. A few tips, in some occasions you will see that the measurement trend line should have been placed on the lowest point that the price action has came back down after the breakout of the upper trend line of the wedge. The best tip I can give you is this…. If the breakout (the first candle to fully breakout of the wedge and close on a higher time frame than at least 2hr unless you’re trading patterns under the 1hr during intraday trading) breaks out with heavy green volume that supersedes all of the other volume indicator candles during the time period the wedge was formed, it is very likely that the pattern breakout should be measured from this breakout area. If the volume is not at the Brest candle, you may want to measure from the lowest point that the candles retested. The only problem with this is that you cannot predict the future and will not be sure if it will retest the top of the trend line at all. Especially on lower time frames, the price action often goes directly to the target. So, choose, are you a breakout trader? Or are you a retest pattern trader? Then stick to your trading plan. Keep a trading journal and then switch to the other strategy and find out which works best on which asset you’re trading and stick with that. I often will go back and backtest the other strategy every month just to make sure the one I chose is still the better of the two. Ok, back to some fundamentals. I don’t want to make this post too long consider the majority of us that came later than boomers have an attention span of 7 seconds lol (we all need to work on this, especially doing something that can be stressful when you’re just learning how to trade! Personally, I meditate and do yoga . If you saw me you’d never guess that’s what I do to get my head right and back on track. This has increased my win rate greatly and is arguably say it is one of the most important parts of my strategy!) anyways, I’m just going to leave a link here for coin market cap so you can do your own research on this coin and a link to uphold if you’re in the states to use. Link to coin market cap, read the white paper, check out the community and the devs, what is the utility, what does the project set out to do? Do they have any partners? If so who and how big could the integration of the utility in this token get if the partners fully utilized it? All in all, learn as much as you can! Then come back here to TV and add any new related post alerts to your profile. TradingView has everything you need to do all the fundamental research also, unfortunate I am posting this from my phone and it was easier to put the link to CMC for this. I’d suggest you use TV for everything and pay for premium! It’s worth it just for the alerts! I am in no way an employee of TradingView nor do I benefit from saying this unless you were to use my link to sign up. You’re welcome to but, by no means am I asking you to! Here’s a link to uphold for all the people in the U.S. looking to get into this coin! I hope your enjoyed this post, let me know in the comments what you think!
LLong
by Crypto_Kinfolk
DOGE Dogecoin May Be In For A Deeper CorrectionShort term Doge looks like its in trouble. It looks like a big move down is imminent. Bearish pennant, bearish cross 50 over the 100. A significant move down in Doge and the whole market is about to happen in my opinion. I could be wrong and this is a fake out and we blast to the upside but look at Litecoin and what happened when the 50 crossed over the 100 just recently and now the 50 is crossing over the 200 on Litecoin. If Bitcoin drops to 50s then expect this to happen 100% and possibly even lower targets as the new people who just got in with their rent money sell at the bottom. Could be a fire sale if a person is in the right place at the right time. Not financial advice just my opinion , Good luck out there A closure above the 100 SMA blue line and then the previous high on a 4 hour candle would invalidate this whole thing and Doge will continue its rally to crazy new all time highs. Im leaning towards a correction on this one. WEAR AN EXTRA SHIRT IN CASE YOU LOSE THE FIRST ONE :)
BINANCE:DOGEUSDShort
by Bitgolder
48
HelenP. I Ripple will continue to move up to $0.6560 pointsHi folks today I'm prepared for you Ripple analytics. A not long time ago price rebounded from the trend line and in a short time declined to the 0.6735 resistance level, which coincided with the resistance zone. Price some time traded near this zone and later broke the 0.6735 resistance level, made a retest, and continued to decline. Soon, the price reached the 0.5970 support level, which coincided with the support zone. After this, the price some time traded at this level and later rose to the trend line, after which rebounded and declined lower 0.5970 level and even the support zone. Ripple some time traded below the support zone and soon turned around and made a strong impulse up, thereby breaking the support level and trend line. After this, XRP rose a little and then made a retest of the trend line, after the breakout and recently it continued to move up. For my mind, Ripple will make small movements down and then continue to move up. That's why I set my target at the 0.6560 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
2
HOW To Make Money on a #ALTCOINAltcoins provide the most bang for your buck! But very few people actually have a plan. Apart from "I wanna make millions on S coins" Or have a plan, but fail to stick to their plan, once the dopamine high of a bull market is in full effect! This is based on the assumption that you already done the work, during the past year in accumulating your favourite #Altcoin If you are just entering the market now you should be looking for coin's that had a nice pre bull market pump, and is now retesting previous accumulation zones. Basically flipped resistance into support. This will likely halve the number of X's that you may see of course. Some variation of this idea has been floating around for many many years. And by no means is it a original strategy. The only caveat being the 2017 altcoin bull markets was far easier than the 2021 edition. There is more competition for attention than ever before. And as we saw a whole swathe of alts did not pump as hard as certain categories or ecosystems. Hope this helps And I hope it encourages you to draw up a variation of this plan for your favourite coins. Best of luck.
COINBASE:BADGERUSDLong
by BallaJi
ETH Ethereum Possible Long Term OutlookETH looks just like Luna Classic before the drop in a massive rising wedge, kinda like SOL too before its dump to $20. Bearish divergence on the weekly. I dont know what would cause this drop but iI think ETH days are nearing an end. Its clunky and fees are too hard for the everyday person to use. Something will take its place or a tweak to the blockchain crashes the whole thing. Im not sure but i like to speculate on what the news will be to make the chart pattern do this. I saw this in the LUNA chart when it was at highs and people thought I was crazy when I said its going to under a dollar. Go back and look at it. Same thing with SOL I called the last top almost perfectly. Also think of how many people stuck in staking if this happens, they wouldnt have time to get out. Ask yourself why institutional investors dont stake their ETH. :) Not financial advice just my opinion. Good luck out there.
BITSTAMP:ETHUSDShort
by Bitgolder
47
Ripple I believe it's time to keep an eye on XRP. Let me start off by saying that this crypto actually has been in a bull range for quite some time. There was a spike sometime ago, which can be viewed as a precursor for what's to come in the future. What would I look for to take place? I want to see a B.A.R. of the mid-range high & monthly EQ ($1.10) before continuantion. The 1st target would be $2.00. Fundamentals: -XRP increased by 1.47% on Wednesday, ending the session at $0.6279. -Crypto market reaction to dovish FOMC projections delivered broad-based market gains. -On Thursday, focal points include SEC v crypto case-related updates and regulatory chatter. -Ripple price eyes recovery alongside Bitcoin and altcoins as the Federal Reserve keeps interest rates unchanged. -In the SEC v. Ripple lawsuit, a ruling is expected in 2024, the window for an appeal extends into 2025. -XRP price eyes rally to $0.7430, a level previously hit in mid-November 2023. P.S. The best TF to view price would have to be the 3M. IMO.
BITSTAMP:XRPUSD
by ChrisJTradesFX
XRPUSDT Unmistakable Signs of an UptrendFollowing XRPUSDT's breakout above the descending channel, unmistakable signs of an uptrend have emerged: Higher Highs and Higher Lows: Price action is consistently printing higher highs and higher lows, indicative of upward momentum. Support Zone Transformation: The previous resistance area has successfully transitioned into a support zone, reflecting bullish sentiment. Fibonacci Respect: The 61.8% Fibonacci level has been duly respected, underlining the strength of the uptrend. Bounce Off Uptrend Trendline: A clean bounce off the simple uptrend trendline further validates the bullish trajectory. Considering these factors, a 45% jump is easily anticipated, with overall much higher upside potential.
Long
by CryptoPAMM
1
WIF Is Going To Come Down Hard Be CarefulWIF is way overextended and overvalued. There is bearish divergence on many indicators on almost all higher timeframes. I think WIF comes down to tap the trendline at $1.40 and a small bounce then it falls swiftly into the wedge again. Where is goes from there I dont know but I will update the chart at that time. This is not finainclal advice this is just my opinion. LIKE, AND FOLLOW ME + THIS IDEA FOR CONSTANT UPDATES. THANK YOU
Short
by Bitgolder
13
XRP Holders Are Beginning to Lose Hope on the AltcoinXRP traders have accrued about $31 million in losses over the last week in trading. Traders are shedding their XRP holdings and on-chain activity has dropped since the altcoin bridged its year-to-date high on the 11th March, 2024. Technical Analysis CRYPTOCAP:XRP price is at risk of further decline as holders anticipate developments in the SEC vs. Ripple lawsuit. CRYPTOCAP:XRP price broadly consolidated above $0.60 on Thursday currently trading at $0.6233 up by 2% as The Securities and Exchange Commission (SEC) is set to file its remedies-related opening brief on Friday. According to Ripple and SEC’s agreement, the proceedings will remain sealed from public view and this has increased XRP holders’ anticipation of the developments in the legal battle. CRYPTOCAP:XRP quickly dropped below the key support level at $0.60 on Thursday morning and surged to $0.6234. The altcoin has repeatedly tested the $0.60 support and rebounded from it, signaling its importance for the altcoin. If the bears gain momentum, CRYPTOCAP:XRP could potentially drop to $0.5464. Moreover, the altcoin could collect liquidity at this level, it could see a rebound and target a new resistance level of $0.6886. Meanwhile, the Relative Strength Index (RSI) has shown a moderate growth rate for the asset at 51 indicating a neutral Pendulum bulb here. No overbought neither is there oversold scenario. On-Chain Metrics On-chain metrics pose a loss of interest in CRYPTOCAP:XRP while the altcoin faces a price correction. CRYPTOCAP:XRP has considerably decrease in on-chain activity, as measured by the Active Addresses and Whale Transaction Count of those transfers valued at $100,000 and higher. according to Santiment’s on-chain data, CRYPTOCAP:XRP reached its year-to-date peak on March 11 and since then these two metrics have been declining steadily. This occurs at the same time as XRP’s price has corrected. Ripple lost nearly 20% since March 11 together with the drop in activity.
Long
by DEXWireNews
2
⚡️ XRP WHAT'S NEXT? ⚡️⚡️ Alright alright. Well we're back with it again, this time with a quick lighting idea for you guys, a real fit for this stormy weather we've got today going on where I'm at. Anyway let's just get started, thanks for tuning in of course, hope your all doing well as always. ⚡️ In that last idea of ours we honed in on a couple things and possibilities as Bitcoin was hitting that All time high and it seems we ended up getting the latter with the fall after that impulse wave up with our rocket of an ascent up to 0.736 cents for XRP and Bitcoin's basic All time high on the 13 of $73,083. Economic inflation data didn't hit too however great in the least to say and ⚡️ Right now we can see that we've had this descending channel form since XRP's jump up and it's pretty simple to see what we're dealing with, we've got these two descending lines, channel that's formed which has been the main thing to drag us down for the most part. That being said 0.57 seems to be our support level right now and I'd set an alert below that in case we slip back down below that. ⚡️ Main thing I'm going to be looking out for is a breakout from the descending channel here. That should help us get the move up and out from this descent that I'm sure bulls are looking for and waiting on though a lot of that will likely be thanks to Bitcoin's next move if it can face it's current hurdle as shown below: ⚡️ The chart overall speaks for itself for the most part thankfully. We can see how Bitcoin after hitting that All time high did have the retracement which is super fair considering it was an all time high and everything but that in turn ended up forming a head and shoulders pattern which was a pretty bearish confirmation and we can see the fall that ensued after before support was found at that $61,500 point. Definitely set some alerts there in case we fall below that. ⚡️ So yeah the main thing here that's likely gonna play a role on the market in the next few days is whether or not Bitcoin can face that hurdle of resistance at $69,000 and $73,000 of course so after. Chances are if we end up pulling up and failing to break that then we'll more than likely get some sort of reversal or further retracement and retest that $61,500 support so set some alerts for that $61.5k and SWB:69K if you want to keep an eye on those essential 'pivot points'. ⚡️ Like I said this was going to be a lightning idea and that's that, I simply wanted to give a quick insight on my perspective on stuff and what I can see, identify going on right now, at least in my own view point and all. So thanks for coming by, stay tuned for more as always and till next, wishing all the best of course, can't wait to see what the future holds! ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
Cryptolean Ripple XRP Update Yesterday, XRP dipped to below the key daily support at $0.593 and we need to wait for today's daily candle closure. I would like to avoid a sustained price action below $0.593. An inability to sustain the price action above $0.593 will lead to a decline to $0.543 and we will see a considerable slow down in the price momentum. A bullish break-out of $0.593 will result in a re-test of $0.65-$0.675 zone. Intraday chart In the 4-Hour chart of XRPUSDT, the #Ripple coin is in the bearish territory and teasing the intraday support at $0.586. A bullish rejection of $0.586 could push #RippleXRP price for a re-test of $0.618, and possibly higher to $0.68. A ibearish break-out of $0.586 will result in another bearish dip towards $0.519-$0.547, the next key intraday support zone.
by Trade-Lean
2