XRP Price Hits New 2024 PeakThe CRYPTOCAP:XRP cryptocurrency has once again captured the spotlight as its price soared to a new year-to-date high of $0.7440 on Monday, marking a significant milestone in its 2024 journey. However, this surge is not merely a result of market dynamics but is intricately tied to legal battles and technical indicators shaping the future trajectory of Ripple's native token.
Legal Turmoil and Market Impact:
The recent surge in XRP's price coincides with mounting anticipation surrounding key legal developments, notably the ongoing Securities and Exchange Commission (SEC) lawsuit against Ripple. Ripple ( CRYPTOCAP:XRP ), the payment giant behind CRYPTOCAP:XRP , faces allegations of conducting an unregistered securities offering. The looming deadline for the opening brief in this lawsuit has spurred speculation and heightened volatility in CRYPTOCAP:XRP 's price.
Coinbase's Intervention and Regulatory Uncertainties:
Coinbase, a leading cryptocurrency exchange, has thrown a wrench into the regulatory landscape by filing a motion against the SEC, highlighting the regulator's inconsistent stance on digital assets. This intervention underscores the broader regulatory uncertainties plaguing the cryptocurrency market, as stakeholders grapple with shifting regulatory frameworks and enforcement actions.
Technical Analysis and Market Sentiment:
Beyond legal intricacies, technical indicators provide further insights into XRP's price movements. The cryptocurrency's uptrend is reinforced by robust technical momentum, as evidenced by the Moving Average Convergence/Divergence (MACD) and Awesome Oscillator (AO) indicators. Positive momentum and bullish signals suggest continued upside potential for CRYPTOCAP:XRP , with the November 2023 high of $0.7500 emerging as a key target.
Challenges and Potential Corrections:
Despite its upward trajectory, CRYPTOCAP:XRP faces potential challenges, particularly in maintaining support levels amidst market volatility. Corrections to key Fibonacci retracement levels, notably at $0.6886 and $0.6452, pose a critical test for CRYPTOCAP:XRP 's bullish thesis. A failure to hold above these levels could signal a shift in market sentiment and trigger further downside pressure.
Conclusion:
CRYPTOCAP:XRP 's journey to new highs is a testament to its resilience amidst legal uncertainties and technical complexities. As legal battles unfold and regulatory landscapes evolve, XRP continues to navigate choppy waters with a blend of market speculation and technical prowess. Whether it sustains its upward momentum or succumbs to regulatory pressures remains to be seen, but one thing is certain: the fate of CRYPTOCAP:XRP is intertwined with the broader dynamics of the cryptocurrency market.
S-XRP
XRPUSD Its aggressive move has started.XRPUSD followed relatively closely our structure last time we gave a long-term call (September 13 2023, see chart below), hitting our 0.56750 Target:
We now zoom out on the 1W time-frame where the pattern becomes more clear. XRP is about to close a 1W candle above the 3rd Channel Up in a row. If it does, we expect a test of the upper Resistance Zone, similar to what happened on the March 27 2023 1W candle.
As a result, our final Target is intact at 0.9300. Notice that the 1W MACD just formed a Bullish Cross, the 4th since August 2022, which is always a buy signal. On top of that, XRP is closer than ever to the first 1W Golden Cross since the week of April 21 2021, the most bullish pattern we can get amidst this new Bull Cycle.
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A, B or C? #Crypto Total Market 3. W pattern or Continuation?As we near the end of this bear market in crypto
(in relation to #BTC 4 year cycles)
The lack of liquidity has been evident for many months now, with wild swings in both directions.
Which I have played to to make meaningful gains , if you have been following me on my ideas stream well done.
(YOUR trade = YOUR Risk management)
Lack of liquidity means lack of seller and buyers, yet buying interest in crypto still remains
As the #Doge pump highlights (another idea I shared last week)
I can't help but notice the similar pattern of the previous Bear market bottom... on a much more concentrated timeframe.
What took very nearly two years of price action to form and follow through on.
Is now occurring on a 6/7 month timeframe.
Very interesting indeed!
A, B or C?
Comment below
XRP IS BULLISHBefore anything, pay attention to the time frame, the time frame is big and time consuming.
Ripple seems to be in a symmetrical pattern that is now about to start its upward F wave.
By keeping the green box, it can continue to pump in the coming days.
The targets are clear on the picture.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
XRP: Buyers are back at key resistance Today's focus: XRP
Pattern – Resistance Test
Support – .5778
Resistance – .7265, .8200
Hi, traders; thanks for tuning in for today's update. Today, we are looking at XRP daily.
So far today, we are seeing weaker prices after XRP surged back above 70 cents. Buyers once again look to be stalling at key resistance, which has been in place since July 2023. Will broader market momentum contnue to push prices higher and break resistance, or could we see a new test lower while resistance remains in play?
Good trading.
XRP looking bottomish, can pump in few daysXRP breaking on daily RSI around 30 area, holding the strong support zone and trying to move upside. Trying this first spot trade on XRP!
Grabbing some XRP in Spot
Entry: $0.5352
SL: Daily close below $0.4962 (7% away)
TP1: $0.6240 (15%)
TP2: $0.6836 (27%)
TP3: $0.9288 (75%)
Daily timeframe might take a few weeks to months to play out! Trying to catch bottom on XRP, if it fails here I'll look for another position later on but looks like it is bottomed already.
XRP to the moon ? or something around 2.2USDBased on the transformation of the weekly Moving Average Convergence Divergence (MACD) into a bullish pattern and a significant likelihood of a breakout from the triangle formation, it is plausible to anticipate a substantial surge in XRP's price in the coming weeks.
Technically speaking, the convergence of the MACD lines, specifically the crossover of the MACD line above the signal line on the weekly chart, signals a bullish momentum shift. This is often accompanied by increased buying pressure, suggesting a potential uptrend in the near future. Furthermore, the formation of a triangle pattern typically indicates a period of consolidation, with prices oscillating within a narrowing range. A breakout from this pattern, especially when coupled with bullish MACD signals, tends to lead to a significant price movement.
XRP, as a digital asset, offers several advantages within the cryptocurrency landscape. Firstly, its transaction speed is notably faster compared to traditional banking systems and even other cryptocurrencies like Bitcoin. This attribute makes it ideal for facilitating quick and efficient cross-border payments and remittances. Additionally, XRP operates on a decentralized ledger system, providing security and transparency in transactions while bypassing intermediaries, thereby reducing costs. Moreover, its scalability enables it to handle a high volume of transactions, making it suitable for widespread adoption in various sectors.
In the broader context of the cryptocurrency market, XRP serves as a crucial bridge currency, facilitating seamless transactions between different cryptocurrencies and fiat currencies. Its utility and practical applications contribute to its significance in the cryptocurrency space, positioning it as a viable solution for real-world financial challenges.
Considering these technical indicators and the inherent strengths of XRP, it wouldn't be surprising to witness a price surge, potentially pushing XRP to around the $2 mark in the upcoming weeks. However, as with any financial prediction, it's essential to exercise caution and conduct thorough research before making investment decisions.
XRPUSDT.1DBased on the provided market data, XRP is currently trading at $0.719 against USDT. The Relative Strength Index (RSI) for 4 hours, 1 day, and 7 days are 79.58, 79.16, and 66.86 respectively. These high RSI values suggest that XRP is currently in an overbought condition, which could be a signal of a potential price decrease in the short term.
The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day, and 7 days are 0.0124, 0.012, and 0.019 respectively. The positive MACD indicates a bullish signal for XRP, suggesting that the buyers are in control.
The Bollinger Bands (BB) for 4 hours, 1 day, and 7 days are 0.71, 0.73, and 0.73 respectively, and the current price is slightly below the upper band. This could mean that the price is in a high range and could potentially revert.
In terms of support and resistance levels, the immediate support levels stand at $0.62, $0.57, and $0.54 for the 4-hour timeframe. For the 1-day timeframe, support is at $0.62, $0.53, and $0.49, and for the 7-day timeframe, it is at $0.58, $0.48, and $0.30. The resistance levels are $0.74, $0.83, and $0.94 for 4 hours; $0.75, $0.83, and $0.86 for 1 day; and $0.93, $1.060, and $1.43 for 7 days.
Based on these technical indicators, it seems that XRP is currently in a bullish trend but is overbought. Therefore, there might be a potential for a short-term price correction. However, the positive MACD suggests that the overall trend might continue to be bullish. Please note that this analysis is based on the current market data and does not consider other factors that could impact the price. It's always recommended to do your own research and consider multiple factors before making any investment decisions.
Doge and XRP UpdateWe posted a doge trade over a month ago which is linked below.
In the community we had some comments about the trade failing and it gave us the opportunity to bring up the most important thing about our strategy - When you take a trade at a key level of significance, if that trade fails the asset should go to the next key level and another opportunity arises .
In this scenario you can see that after Doge hit our 6% stop loss, it fell a further 13%! it then came back up and backtested that same key level as resistance before falling 15% again. So this post is primarily to show why a failed trade is not necessarily a bad trade - it could also be a great exit.
For the trade posted now , there is a clear Type 2 Bullish Harmonic, with some bullish divergence at a local level of support.
This is also the case on assets like XRP, SOL and others. However, we are in a corrective phase of this run and therefore these patterns tend to underperform.
So what should you do?
We are allocating a small amount of capital to these trades on the off chance they play out, and we are taking most profits (60-75%) at the first take profits.
Remember we were in from a long time ago and we made a considerable amount of money. If you are just getting into the crypto run, this is not the best place to come in and you should definitely preserve your capital for better opportunities.
Cryptolean Ripple XRP UpdateNow, XRP lacks the momentum, however, it will change soon.
Today, it again tested the key daily support at $0.593 and we saw a bullish rejection.
It has to move to above $0.65-$0.675, the key daily resistance zone, for bulls to take control and move price to the previous local high at $0.93.
A daily candle closure above $0.675 will result in a bullish rally towards $0.73 and, possibly, higher .
An inability to sustain the price action above $0.59 will result in price slowly declining towards $0.54.
IMPORTANT: XRP Satoshi Price is under pressure due to a bullish Bitcoin Dominance, while XRPUSD chart is consolidating in the narrow range. Once Satoshi price of XRP in the #XRPBTC chart finds a support that could happen at 810 Satoshi and reverses, XRP price will shoot up.
Intraday Chart
The sentiment for the #XRPUSDT 4-Hour chart is neutral
A bullish break-out of $0.628 will push #RippleXRP to the key intraday resistance zone of $0.69-$0.72, however on the way to this zone, #Ripple coin will have to deal with a resistance at $0.657.
A inability to break through $0.628 will result in another bearish dip to $0.602 or, lower, to $0.575 that could lead to a bullish rejection towards $0.69-$0.72 and higher.
XRP/USDT - XRP: Trend Reversal◳◱ On the $XRP/ CRYPTOCAP:USDT chart, the Trend Reversal pattern suggests momentum building up for a significant move. Traders might observe resistance around 0.6715 | 0.7349 | 0.8648 and support near 0.5416 | 0.4751 | 0.3452. Entering trades at 0.6293 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: XRP
▣ Rank: 8
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc
▣ 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: 0.6293 ₮
▣ 24HVol: 402,037,234.240 ₮
▣ 24H Chng: 1.32%
▣ 7-Days Chng: -2.96%
▣ 1-Month Chng: 20.12%
▣ 3-Months Chng: 1.74%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.6715 | 0.7349 | 0.8648
◢ Support: 0.5416 | 0.4751 | 0.3452
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : STRONG_BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 4.10
▣ Last 90D: -0.37
▣ Last 1-Y: 0.89
▣ Last 3-Y: 0.58
◲◰ Volatility :
▣ Last 30D: 0.56
▣ Last 90D: 0.51
▣ Last 1-Y: 0.94
▣ Last 3-Y: 1.06
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.53 - Bullish
▣ Reddit sentiment score is 0.83 - V. Bullish
▣ In-depth XRPUSDT 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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AriasWave Market Update - DOW - ASX - BTC - XLM - XRPIn this video, I aim to provide an overview of my observations regarding the approach toward a potential market peak.
I'll offer some perspective by comparing the Dow Jones to the ASX (Australian Stock Market) and discuss the possibility of a significant downturn in global markets, comparable to a collapse. I'll outline various factors contributing to these considerations.
Viewing the markets from this angle, one begins to recognize parallels with the tech stocks of the 90s, many of which peaked and experienced a decline of at least 90%, with some becoming worthless.
I see a similar scenario unfolding with cryptocurrencies, where survival will be selective, and many may not endure.
XRP MOONSHOTXRP right now is following history pretty closely.
As you can see from the main chart, XRP is potentially mirroring the same fractal formed back from 2013-2017. If history repeats, there will be a massive breakout for XRP.
There is quite a bit of evidence to support this.
First of all, the multi-year symmetrical triangle that has formed just like in 2012. It's taken years to form, but here we are in 2024 at the apex of it.
Within the triangle, even the fractal looks the same. You can see marked out points inside.
[Link 1: MACD on the weekly
is showing the same histogram readings as back then, with three big waves, two small, then a bullish cross on the MACD. Exactly the same has happened right now.
Bitcoin had just touched an all-time high again and had a pullback. It is at this moment XRP had its moonshot.
Tell me, what are the chances we have now formed a second multi-year triangle and it just happens that Bitcoin has broken all-time high at the apex?
The stars and planets seem to be aligning once again. It's just a matter of time before some big news comes out and this slingshots.
seem to be pretty crazy targets all around for the XRP community lol. No idea where they're coming up with hundreds of dollars price targets, but if you would have a mirror move, then yeah, $575.
The chances it goes to $575 this bull run are under 1%, let's be honest. The money required to get a mirror move is insane. So, a more grounded target this run would be a max of $10-14, with the first wave hitting $3-5.
XRP Road Map🗺️!!! situation+next targets.Hi.
COINEX:XRPUSDT
✅ Today, I want to analyze XRP for you in a 12H time frame so that we can have a Short-term view of XRP regarding the technical analysis. (Please ✌️ respectfully ✌️share if you have a different opinion from me or other analysts).
As you can see, XRP was in the falling wedge, the price was able to break the wedge, now the price is in the PRZ zone, which has the potential to grow.
➡️ Note if the PRZ is broken downwards with the strength of Bearish candles or , this analysis of ours will be failed.
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 Whales Hordes 74 Mil Coins: A Prelude to an Impending Rally?Recently, CRYPTOCAP:XRP , the Ripple-backed token, made waves as it witnessed a significant accumulation of 73.81 million coins from the renowned exchange, Binance.
The news rippled through the crypto community, sparking a flurry of speculation and optimism about the future trajectory of $XRP. At a time when the market is rife with uncertainty, such pronounced movements from whales serve as beacons of hope, hinting at potential bullish momentum on the horizon.
According to data from Whale Alert, four substantial transactions saw CRYPTOCAP:XRP being accumulated from Binance, amounting to a staggering $45.87 million worth of the digital asset. These transactions, orchestrated by anonymous wallets, underscore a growing confidence in CRYPTOCAP:XRP 's long-term prospects, despite the current red trading charts.
The sheer scale of these accumulations has ignited curiosity and anticipation among traders and investors worldwide. It's a testament to the resilience and underlying value perceived within the CRYPTOCAP:XRP ecosystem, even in the face of short-term price fluctuations.
However, the contrasting price action of CRYPTOCAP:XRP amidst these accumulations raises intriguing questions about market dynamics. While the CRYPTOCAP:XRP experienced a modest drop of 0.46% over the past 24 hours, bullish sentiment continues to permeate derivative markets. Data from Coinglass indicates a surge in open interest and trading volume, accompanied by a rise in the token's funding rate. These indicators suggest a growing influx of capital and heightened market activity, laying the groundwork for a potential breakout.
In the midst of this fervor, voices within the crypto community are amplifying the optimism surrounding XRP's future trajectory. Pro-XRP advocate Bill Morgan boldly predicts a new all-time high for the token in 2024, adding fuel to the bullish narrative. Meanwhile, analysts such as Egrag Crypto and Dark Defender maintain their bullish outlook, underscoring XRP's potential to surge towards the coveted $1 mark.
The accumulation of CRYPTOCAP:XRP by whales from Binance serves as a tangible expression of confidence in the asset's fundamentals and long-term viability. It's a signal to the broader market that significant players are betting on CRYPTOCAP:XRP 's resurgence, despite the prevailing market conditions.
As the crypto market continues to evolve and mature, events like these remind us of the intricate interplay between investor sentiment, market dynamics, and fundamental value. While short-term price movements may fluctuate, the underlying fundamentals of projects like CRYPTOCAP:XRP remain robust, offering a beacon of hope for those who dare to dream of a brighter future in the world of digital assets.
And Then One Time Bitcoin Went From $30k To $30 MillionNever say never! I know it sounds crazy but what if this whole bitcoin move that we saw from inception to today was one giant cycle? What if this is the bottom of a larger cycle and we are about to see numbers that no one could ever even imagine are possible? What if everyone who is predicting Bitcoins's next move is near sighted and need to zoom out allloot further and see the larger cycle? What if Im crazy? Its all possible, and that would put Bitcoin's market cap at $600 TRILLION. Not impossible in my opinion. This is just my opinion and a wild one at that so dont take this as any sort of financial advice, Im just having fun here. Good luck out there.
Luna still has one more drive to $70 before steep correction!Luna has done phenomenal in this run and we can all agree with that. Its been forming a large rising wedge and indicators are showing a pretty sizable correction back down to single digits after the peak at $70 near the apex of the wedge. The Elliot wave is almost complete as well, we are in the final stages of the fifth wave which woulds bring LUNA to around $70 dollars before it corrects. A massive, fast and steep correction will occur after the top at $70 dollars so dont forget to take profits. Not financial advice, happy trading, let me know what you think. Good luck!
BABYDOGECOIN USDT Following Doge, Breakout CloseBaby Doge is following Dogecoin. Doge has broken out of its downtrend and has found support on the envelope. Baby Doge lags behind Doge from what I see in the charts. So when there is a big pump in Doge, Baby Doge is not far behind. Once Baby Doge breaks out of its downtrend its going to go straight up following Doge.
This is just my opinion, none of this is financial advice. Thank you
HelenP. I Ripple can break resistance level and rise to $0.6665Hi folks today I'm prepared for you Ripple analytics. Some time ago price rose to the support level, which coincided with the support zone, and in a short time broke it, after which it made retest. Then the price rebounded from this level and tried to rise, but soon Ripple turned around and made an impulse down to the trend line. Soon, XRP turned around and continued to rise to the 0.6380 resistance level, which coincided with the resistance zone and even entered to this zone. Later XRP fell below this zone, but soon it in a short time backed up and even rose to 0.6685 points, after which the price turned around and made a strong impulse down to the trend line, thereby breaking the 0.6380 level again. As well soon, XRP broke the trend line and declined lower support zone with a 0.5600 level, after which it turned around and soon rose higher 0.5600 level. Then price rose to the resistance level, but recently it rebounded and now trades close to this level. For my mind, Ripple will reach this level again, break it, and make retest, after which the price can continue to move up to the trend line. For this case, I set my target at the 0.6665 level, which coincided with this line. If you like my analytics you may support me with your like/comment ❤️