S-XRP
Upward ShiftXRP's recent activity on the daily chart revealed a bullish breakout, signaling a potential uptrend.
The breakout led to a swift and significant price increase, indicative of strong buying pressure.
However, this uptrend was soon challenged by a sharp rejection at a higher level, raising the possibility of a reversion to the support level and suggesting the initial breakout might be a fakeout.
For strategic trading, the $0.60 support area, corresponding to the 0.768 Fibonacci level, is a key zone to watch for potential buying opportunities.
Looking ahead, traders might aim for the $0.6365 resistance level, aligned with the 0.5 Fibonacci level, as a short-term target.
This analysis is for informational purposes only and should not be considered as financial advice.
XRP Retesting (again) supportRipple coin is retesting (again, fot the 11th times lol) a very strong support area. How much chances are there that it hold again? Honestly alot. We can see a consolidation, maybe a long squeeze, but next it could pump hard till my target. Remember always that XRP pump last, and usually it starts to pump when BTC dump. BTC is dumping so...
XRP/USDT 4HOUR UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:-4-hour chart, Ripple’s ascent faced significant resistance around the 0.74 level. Heightened selling pressure in this critical region led to a notable decline, characterized by an extended retracement towards the 0.5-0.618 Fibonacci levels.
Despite subsequent attempts by buyers to push the price beyond the 0.74 threshold, these efforts proved unsuccessful. This price action signifies market uncertainty, with Ripple undergoing a consolidation phase accompanied by low volatility.
substantial support is evident in the price range between the 0.5 and 0.618 Fibonacci levels. A potential decline below this critical range could signal an imminent significant downturn for XRP, and market participants should brace for notable changes under such circumstances.
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XRP is getting ready to go to $1Hello SSE guys,
Ripple in the USDT pair has been create a triangle in the weekly time-frame and now it is ranging the supporting area around 0.65 to 0.55 cents.
If XRP broke out the weekly trend-line and triangle in the next days following targets are available : 0.77, 0.86, 0.92 cents
🔥ARB Hype Wiped Out: Time To Buy and Make 300% Profit?Arbitrum fell by -60% from its highs and liquidated all leverage traders who bought on top. I look for entry point.
The best entry point will be when the price will make a false breakout of the $0.74 key level. But I don't think this will happen. The most expected scenario is when the price just test the green accumulation areas as the support and continue its growth.
💥 the time is coming for this ETH ecosystem altcoin.
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XRP/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this XRP/USDT update from Crypto Sanders.
Chart Analysis:- XRP is also bullish and managed to book a 5% increase this week. However, the resistance at 68 cents is still to be broken before this cryptocurrency can aim for higher levels.
The support at 57 cents held well, and considering that buyers are dominating the market right now, XRP could continue to perform in the coming week.
this cryptocurrency could break the current resistance and aim to reach the previous high from July when XRP got close to $1.
I have tried to bring the best possible results in this chart.
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XRP Encountered a Strong ResistanceFollowing a significant surge, XRP encountered a strong resistance in the $0.660 price zone. At this juncture, sellers entered the market, leading to the loss of momentum by buyers (supporters of the upward trend). This development initiated a major downward trend, with the price falling below the $0.6150 support level.
Should the buyers manage to regain their strength and sustain above the $0.660 resistance level, there is a potential for a renewed uptick, moving the price towards the next resistance level at $0.710. The continuation of this upward trajectory could lead the price towards a higher resistance level of $0.750.
However, if XRP fails to breach the $0.625 resistance level, it could indicate the beginning of a new downward trend. In this scenario, the first significant support level lies in the $0.580 price area, where a breach could potentially lead to further declines in price as sellers gain control.
This analysis is for informational purposes only and should not be considered financial advice.
📉 XRP'S QUICK FALL! TUNE IN! IMPORTANT 📉📉 Hi! Thanks for coming by as always! You already know what we're all about, gonna dive into things real quick and keep this shorts simple for you guys, I'm sure you all have more than enough going on likewise so let's get to what we need to know!
📉 Following up from my last post in which we pointed out some scenarios with the bearish scenario looking more likely as we we're last pointing on the fact that XRP was struggling to break 0.67 with low support from buyers amongst a mixed sentiment following a rather quick price hike over the week. The idea was ultimately finished with us putting down two points of support for 0.649 and 0.624 and if we take a look at our chart up above for the most recent data we can gather some quick data.
📉 I've added two number points with the 1 and 2 in the bubbles to point out the support point at 0.61, we can see how XRP plunged once it broke that 0.649 point below out horizontal level. That promptly sent the fall in perfect synchronicity to our 0.624 level. It's crazy, price went EXACTLY to the two support points I pointed out in the previous idea. Good to know our technical annotations are doing the job.
📉 Can see one of the major pushes here was the loss of the 200 EMA with us ultimately getting that mountain fall/exit out when we lost that 200 EMA in the quick sell-off most likely driven by a whale that wanted to see us break that 0.649 support. I've added a quick descending channel that did form which also contributed to the fall for analytical purposes. Ultimately this flash crash was likely the result of whales selling the news and possibly making money on some short positions as well, nothing unusual but now we simply watch for support.
📉 Watch 0.61 for that support though I see this being a much better point for support, we've also fallen quite a distance away from our 200 EMA so I wouldn't be shocked to see our chart start pulling back up to close the distance between the two soon enough but whether or not that happens will simply have to be seen. Leaving it at that for now but thanks for stopping by as always, really appreciate it and all the best till next.
~ Rock '
HOT Future RoadmapHOTUSDT Weekly Chart-
These are just my thoughts on areas of significance. I feel like we're still in an accumulation zone. If bullish sentiment continues, I think we exit this area soon.
Maybe dips on New Weekly candle (Monday), will provide acc area for next leg up, if/when momentum continues.
Key areas of resistance: (Areas to take profit, areas that will provide potential pullbacks for safer entries)
Market is in GREED mode right now so best to be waiting and watching for opportunities to present themselves.
My goal is to share my knowledge to help regular folks like myself trade safer, and transition into the 10% of Market winners.
Thanks for your time! Please like and follow me here for more crypto analysis.
**Not financial advice, just my 2 cents.
XRP looking confident above the top trendlineThat pink trendline is super clutch and xrp has closed a daily candle over it with confidence. Bodes well for a breakout confirmation imo. 3 current short term targets to hit here from 3 different patterns with the top one being 91 cents. I’m guessing the blue descending trendline will provide at least some initial resistance though.
XRP SHOWING NEW BREAK POSSIBLITYThank you for reading this update.
Depending on our study we see that XRP has a good chance of volume increase.
This updates depending on day trade, And the market should confirm with time the right market way.
XRP known from a stable coin that takes time before it increase also it needs much higher marketcap than the most regulare coins.
#Nottradingadvice
#For day traders take always profits when market increase
#Expect noting from the markets, but follow what it shows.
Ripple ($XRP) Could Test Higher Resistance LevelsThe price growth of XRP has been relatively moderate compared to other altcoins. Since October 15, the asset has increased by 35%, yet it hasn't surpassed its annual high of $0.93, indicating potential for further growth.
Currently, XRP is approaching a critical resistance zone between $0.646 and $0.654. If buyers manage to break through this area, XRP could test higher resistance levels at $0.66 and $0.68. Successfully establishing above the $0.7 level could provide the necessary boost for the asset's continued growth.
XRP is currently trading above its 50-day and 200-day simple moving averages (SMA), indicating a bullish trend.
However, a short-term correction might push XRP down to the buyer zones of $0.61-$0.62 and $0.58-$0.60. If Bitcoin's price experiences a significant downturn, these support levels might be quickly surpassed.
💥 XRP NEWS AND THE BREAK OUT! 💥💥 Hope you guys are doing well today! It's definitely been a busy week as usual but I'm real happy to be able to get the chance to post today! And what a sight for sure! Sure most of you have already heard about the XRP news so we'll delve into that real quick alongside some technical. Thanks for tuning in!
💥 Got some pretty good news this week with Uphold announcing the launch of a self custody wallet which will be going by the name 'Vault'. The wallet will support the XRP token as well as offer features to enable users to access their wallets should they ever lose their private keys.
💥 To put that into perspective Uphold has over 10 million customers across 140 countries even operating in the U.S and making sure to keep in line with state regulators. With the wallet to be launched in Beta eventually other tokens will be integrated such as Bitcoin though the news along has been a great catalyst for XRP with us only being 3% away now from toppling Binance coin which in itself would be a significant feat.
💥 In my last idea I noted that we'd likely need a catalyst for XRP to gain some more ground as usual and with that news having come through now it's good to see the market reacting alongside analytics of new user account growth. I mean wow, we even had Roblox add in XRP as a support payment last month. Crazy to see XRP continue it's journey.
💥 We'll do a quick technical then below and end it off there after to keep things short for today. And below today's chart with the add-ons and everything from the last post we shared just to give reference to the fact that we haven't added anything new.
💥 Again the above is today's chart before we added anything else. And now here's today's.
💥 Nothing new has been added, we simply extended the consolidation channel and the horizontal levels are the same as ever, XRP simply sticks to the technical very well thankfully, can see that clear resistance at 0.65 with us having gotten rejected twice before forming that higher high on the 3rd attempt with the uphold news helping no doubt.
💥 XRP did break out from the consolidation channel over the couple days following that sort of tug a war with us managing to avoid losing the 200 EMA as volume spiked and a lot more buyers seemed keen to enter at higher prices thanks to news and a change in sentiment, no doubt from a range of factors.
💥 Looking like we'll have a tough time breaking 0.67 with resistance already hitting on the 2 hour though that seems more like exhaustion and a lack of buying power up here as buyers contemplate on whether or not to buy following the relatively quick price rally this week, no doubt we're at that level of hesitance and the main driver is sentiment understandably.
💥 I see bulls targeting 70-80 cents understandably though for that we may just need a bit more news as again, we're at the point of uncertainty. Already seems like we're possibly reversing some or hitting that retracement button following the big move amongst which I'll be keeping track of 0.649 and 0.624 on the horizontal levels for support. No direction today, we already know XRP is pretty volatile after these announcements and it'd be best to give things time to settle depending on your position.
💥 Leaving my thoughts there for now, I've got a lot going on today and I wanted to keep this short. Thanks for stopping by as always, I've linked the article in reference to the Uphold news below for any who may also like to check that out. Anyway that's all for now, thanks for stopping by as always and wishing well till next!
~ Rock '
Uphold Reference link:
www.theblock.co
RESPONSE TO WITHOUT WORRIES LTC/USD ANALYSISThis is just a response to Without Worries LTC analysis where I can post pictures because I was unable to on his post. I really like WW he is a fantastic trader and analyst and chartist. I just disagree with his current position on LTC. I believe there is more to LTC than just TA. Fundamental analysis is important here and Ill explain below.
Thank you for your chart and analysis. Possible it breaks down that hard but definitely not probable especially with the SEC suing everyone and their brother for securities sales etc. Litecoin is one of only 4 cryptos allowed in USA for institutional and accredited investors because of its regulatory clarity. I follow the big money and big money has access to it along with 3 others. Baakt added it last month, might not seem like a big deal but its just getting ready for the inflows of capital from the big players as they have been for a few years now, quietly in the background while no one is looking waiting to see what regulations come out. Also EDX Markets is an institutional cryptocurrency exchange backed by Citadel Securities, Fidelity Digital Assets, Charles Schwab Corporation, Virtu Financial and Sequoia among others. The exchange offers trading in Bitcoin, Ethereum, Litecoin, Bitcoin Cash. Litecoin hasn't had any real developments in a little while but its not dead by any means. It serves its purpose, the updates and upgrades happened over the last ten years. Its not a new crypto with a bunch of flaws and exploits, those kinks were ironed out a long time ago. The saying goes dont fix something if its not broken. Bitcoin hasn't had an update or upgrade in a long time either does that mean its dead? No it doesn not, so the argument of its dead because no developments is a moot point. Fundamentals matter in this case because of how young this crypto market is compared to the rest of the traditional markets. Its just starting to get wrangled in now, so the wild wild west days are over. Pretty soon the USA will shut down all exchanges in the USA except for 2 and the rest of the world will follow. One for the average person and one or two for institutions and accredited investors. Institutions and accredited investors will not touch this with a ten foot pole until there is clear regulation. Dont believe me? Look at what they did to Binance and CZ, in a totally different country. The USA has very long tentacles and what it does the rest of the world follows voluntarily or forcefully. CZ thought he was an untouchable billionaire but all it took was a week and he caved, without a fight and gave up billions in fines and stepped down because its a losing battle against the USA. Right now like I mentioned above SEC and CFTC have seen LTC and 3 others as a non security out of a million cryptos out there, that matters more than anything in my opinion. Im not saying that its impossible for Litecoin to go to zero or dump as hard as you say but that would mean that BTC also dumps down to 10k and the traditional markets dump as well. It would be a global dump not just Litecoin. Im not betting on that right now but anything surely is possible.
Also as a response to your trendline, please see below. A trendline has lots of wiggle room and many different ways to draw it.
RIPPLE - Price can bounce down of resistance line to $0.6000Hi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊
Recently price bounced from support line of triangle and made strong upward impulse, breaking two resistance levels - $0.5725 and $0.6670
After this movement, Ripple corrected below $0.6670 level, but soon backed up and rose until to resistance line of triangle.
Next, price declined lower $0.6670 level, thereby breaking it, to support level, which coincided with supports line of triangle and area.
Then XRP bounced from $0.5725 level and in a short time rose to resistance line, but a not long time ago it bounced down.
Now price trades near and I think Ripple can bounce of resistance line and start to fall to $0.6000, which coincides with support line of triangle.
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XRP ANALYSISRipple seems to be making a pullback swing to the upside. The larger structure is bearish and I only consider this a pullback to the upside.
By hitting the supply area, I expect a price rejection towards the lower areas.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You