XRP: Sell stop 1. Key Zones (Support and Resistance)
- Resistance Zone: At the top of the chart, a zone around 0.6088 is marked as a strong resistance level. This level shows where the market previously attempted to break through but failed.
- Middle Zone: This area around 0.5796 acts as a key support and resistance level. It can be a critical zone for market decisions.
- Support Zone: At the bottom of the chart, a support level is marked around 0.5525, which may prevent the price from falling further.
2. Trade Entry Signal
- Red Zones (Supply Block): In this chart, a red area represents a short-term supply and resistance zone. Entering a short trade is reasonable if the price fails to break this zone and moves downward.
- Entry Point: 📉 The entry for the trade is suggested at 0.5917, which aligns with the supply and resistance block, making it a suitable point for initiating a short position.
- Stop Loss: 🚨 The stop loss is set at 0.5974, indicating that if the price reaches this level, the trade would be invalidated, and the trader should exit.
- TP1, TP2, TP3 (Target Prices):
- TP1 is set at 0.5844, which is the first target for taking profit from the short trade.
- TP2 is set at 0.5764, marking the second target.
- TP3 is set at 0.5680, which is the final target for closing the short position.
3. Confirmation or Invalidation of Analysis
- If the price moves upward and breaks the red resistance zone, reaching above 0.5974, the short trade setup would be invalidated, and traders should reconsider their strategy.
Conclusion:
Based on this chart, there is a clear signal for entering a short trade with an entry at 0.5917 📉 and a stop loss at 0.5974 🚨. If the price moves downward, the identified target prices (TP1, TP2, TP3) provide potential exit points for taking profits.
S-XRP
Cup & Handle formation on the XRP Hourly Chart.There is a perfect cup-and-handle formation developing on the XRP hourly chart. This not only makes it easier to identify some promising trade setups but also suggests that XRP might be poised for a significant upward move.
Good luck, and always use a stop loss!
Small 1 to 2 Risk vs. Reward XRP SHORT TRADE $500 at 25XThis is a risky time to enter this trade, but I'm going to take a small short position against XRP in an attempt to capture a potential correction to the bottom of the forming wedge pattern as the bull flag is forming. I'm not going to risk much; it’s more of a hunch. Overall, I'm very bullish on XRP right now, but as a trader, I can't help but try to capture this potential red candle.
Don’t follow my trades; come up with your own ideas. Don’t be a follower—be a trailblazer!
Good luck!
Buy on best zoneAnalysis by: EZ7strategy 🎖
📊In these patterns in the chart, the long-term trendline, which we are waiting for a failure to climb, and next to it, the buying areas that have places to be touched at any moment, which is consistent with the end of the second leg of the second move.
🎯Please exit according to the targets and stop loss must be placed.
Primary entry: 0.439 ___ Secondary entry: 0.385
Stop loss: 0351
Targets: 0.491 - 0.579 - 0.671 - 0.802
XRP Jumps! Ready for movement? 🔥 HI HI, hope everyone's doing alright today, this idea won't take too long so feel free to tune in for a short bit, thanks as always!
🔥 Before we speak quickly on XRP we'll look towards Bitcoin, Bitcoin's still in a bearish position being below it's 20,50 and 200 day EMA as displayed with our chart below:
🔥 Bitcoin would need a daily close above $58-59,000 to affirm an uptrend, we keep on failing to maintain any real uptrend so far, not to mention we keep losing our 200 EMA and until Bitcoin can start flashing bullish signals traders undoubtedly will keep shorting BTC understandably so that's something to take note of.
🔥 That being said XRP's taken a different route and we're not seeing much of a correlation between the two, especially after our recent news of the UAE's adoption of Ripple which has since formed a stark difference between BTC and XRP's charts.
🔥 Now let's get to the highlight of the idea here, I've got our hourly chart below depicting XRP's price action since August and we can pull a couple things from it though the main thing here is where we get hit with resistance. The horizontals are the same as ever and it's clear that we face resistance at 0.624 and 0.64 as we can see below:
🔥 That's something we should keep in mind since we'll face a fight there should we come back u to those horizontal levels soon so make sure to mark those for future reference. That being said XRP's looking positive, we've got this golden cross and we may just be headed for a comeback if we can sustain above 0.58 cents and avoid losing that 200 EMA though as usual we'll have to see if bulls can sustain price action up here.
🔥 I said this idea would be short and we'll leave it at that for now but definitely set some alerts and keep an eye on that 200 EMA as well as the lower EMA's. I'll keep you guys posted but I've gotta run, thanks for joining me for a bit, appreciate it!
~ Rock '
XRP is gonna explode from multi-year consolidation!!XRP to the Stars! 🚀
With SEC drama fading, XRP's set for a cosmic price surge! 🌙 Buckle up, it's going to be a wild ride! 📈
XRP has shown strong signs of a potential breakout, driven by positive developments in the ongoing SEC lawsuit against Ripple and increased market momentum.
2 to 1 Risk vs Reward XRP attempted recover trade. $1,000 @ 30X.I got caught slippin' on that last trade by the big red candle of death, and had a small loss. This is why I reduced the size of the 2nd trade, just in case this happened. In an attempt to recover, I placed a market order at what I hope is the bottom.
We'll see how this trade goes.
2 to 1 Risk vs. Reward, XRP TRADE SETUP AT 30X LEVERAGE ON $500.My last trade went perfectly according to plan. I'm going to attempt a secondary trade based on the same premise, but this time, I will try to capture the retest of the .583 level. To reduce my risk, since the first trade was a success, I've reduced the dollar amount in the trade by 50% to avoid giving back too much of the profit from the previous trade, assuming I'm wrong on this one. I have also reduced the risk-to-reward ratio by 20% on the reward size to make the trade a little easier to achieve.
Limiting losses is key to successful trading.
Don't follow my trades; come up with your own ideas. Don't be a follower—be a trailblazer!
Good luck!
XRP 1 day ChartHave a look at the trend lines that I have placed on the chart. This could be a potential bottom.
At some point in time I feel that Xrp will be relisted, allowing the free market to decide what the true price of Xrp will be. Institution(s) will be rushing in to pump the price to make money. Xrp is in the top ten and has not had a price pump unlike every other coin in the top 10. Take a chance and buy what you can afford and hold. Even a week's worth of coffee money could make a difference in your life, more than what you would have gotten from the coffee.
I have no targets in mind other then it should make a new or close to all time high.
P.S. why would ripple go to the expense of a trial, persevere for years and won their trial!...If and
only if there is something bigger for them in the future? Along with the fine that Ripple is ordered to pay which is the amount that Xrp would have on the balance sheet for a week. Also saying that"Ripple" has no problem paying the B.S. fine!
2.5 to 1 Risk vs. Reward, XRP TRADE SETUP. XRP is looking ripe for a nice bounce here. Now that the price is resting on top of the upper trend line, it's looks like a great opportunity to put on a small trade. I really like this setup here, especially going into Sunday, as I think a lot of people are looking to add to their XRP positions at these levels before it hits the .60 cent level again.
I may be a little early on this trade, but with the risk vs. reward, I think it's worth a shot.
Don't follow my trades, come up with your own ideas. Don't be a follower, be a trailblazer!
XRP/USDT 4H IntervalHello everyone, let's look at the 4H chart of XRP to USDT, because you can see that the price has broken out of the descending triangle.
Let's start by setting goals for the near future that we can include:
T1 = $0.59
T2 = $0.63
T3 = $0.68
AND
T4 = $0.71
Now let's move on to the stop loss in case of further market declines:
SL1 = $0.56
SL2 = $0.50
SL3 = $0.47
AND
SL4 = $0.42
Looking at the RSI indicator, we can see that we are staying above the upper limit, which may indicate an attempt at price recovery.
XRPUSD - Using Other Indicators The two green circles show similar crosses one that occurred before the rise to $3 in 2017, and the current structure that wants to pop off.
This bullish assumption supports some of my previous XRP analyses I wouldn't be surprised if price surpassed $10.
This is the Weekly chart.
The Bitcoin LottoRemember when the excitement of the lottery was all about the potential of life-changing wins from just a small ticket price? Fast forward to today, and Bitcoin has emerged as the new frontier of that thrilling potential. Once priced at a humble $1,000, Bitcoin was accessible and brimming with promise. Today, with its value as high as $60,000, the landscape has undeniably transformed, offering new opportunities and considerations for investors worldwide.
Bitcoin isn't just a digital currency; it's a revolution that's reshaping financial markets, much like the anticipation of hitting the jackpot. However, unlike the traditional lottery, Bitcoin investment isn't purely about luck—it's about smart, informed decision-making, historical insight, and future potential. Imagine being part of a technological evolution that's not just a game of chance but also a calculated step toward financial empowerment.
When navigating these markets, you want to stay clear of the echo chambers. We have had tails of "98k next month and $135,000 In December" back in 2021.
The main issue with the sentiment at the current levels, are it seems everyone and their dog bought Bitcoin under $20,000 at the exact bottom. They were also calling longs at 69k.
It's an inflation beater, it's just had 12 ETF's approved, there's a price multiplier, sell your house and buy Bitcoin. It looks like Trump might win back the White House and of course, he has endorsed Bitcoin.
The question shouldn't really be "where does this go" instead it should be "why isn't it there yet".
I've joked a couple of times - If you bought a house at 69,000 in 2021 and now in 2024 it's worth 59,000 should you sell it or hold it, I have had replies like "You should have bought Bitcoin"...
This is not a bash against Crypto; it's knowing the value and understanding the perception vs reality dilemma.
The controlled aspect of the move up from 15k to 73 and that high being just enough of a liquidity grab much like 65k to 69k. Years apart, means there is a lot of control in an asset many claim "Cannot be controlled".
The sentiment was all about Freedom and liberty; no institutional control, no government control - Go Trump, Go Blackrock.
My questions remain, If you were lucky in at sub 10k prices - you have had a good trade (providing you profited obviously) Paper gains are not wins.
But where does the additional funding come from for a double of it's current price? Why are we not at 100k+ already after a Trump endorsement, a halving, a price multiplier, 12 ETF's approved?
The world of Social media has made it easier for keyboard warriors to catch every bottom, sell every top (yet never sell anything) and claim paper gains to the moon.
Investing doesn't need to be the same as a lotto ticket. It just needs a good understanding of why liquidity moves the way it does and who's side the profits usually come back to.
Anyway - food for thought this weekend! Have a good one.
Stay safe
XRP's Victory and the Path to $1: What’s Next for the Ripple?In a significant turn of events for the cryptocurrency world, Ripple has emerged victorious in its legal battle against the U.S. Securities and Exchange Commission (SEC), sparking a surge of optimism and speculation surrounding the CRYPTOCAP:XRP token. The court ruling, delivered on August 7, affirmed that Ripple’s sales of XRP to retail investors do not violate federal securities laws, providing a much-needed boost to both the token’s price and its future prospects.
Ripple’s Legal Triumph: A Game Changer for XRP
The recent legal win has been a game changer for $XRP. Following the court’s decision, the price of XRP saw a remarkable increase of over 30%, reaching levels not seen since April. This legal victory has not only revived confidence in CRYPTOCAP:XRP but also set the stage for a potential bullish rally. Market sentiment is currently bullish, with analysts closely watching the retracement pivot at $0.70 to validate XRP's bullish trajectory toward $1.
Binance US Spotlight: Unveiling XRP’s Potential
Adding to the positive momentum, Binance US has provided crucial insights into XRP’s technology and scalability. The exchange highlighted that XRP, created in 2012 by David Schwartz, Jed McCaleb, and Arthur Britto, operates on the XRP Ledger Consensus Protocol. This protocol, distinct from Bitcoin’s proof-of-work system, enables XRP to handle up to 1,500 transactions per second, showcasing its efficiency and scalability.
These revelations have intensified interest in XRP, particularly following Ripple’s legal success. The update underscores the cryptocurrency’s potential and fuels speculation about an XRP Exchange-Traded Fund (ETF), which could further enhance its market presence.
Market Reactions and Speculation
The market reaction to Ripple’s legal victory has been swift. XRP’s price increase post-ruling is accompanied by a noticeable decline in supply on exchanges, indicating that investors are holding onto their assets in anticipation of further gains. Retail accumulation is on the rise, especially among smaller holders, while larger investors have adjusted their positions.
Speculation about an XRP ETF has gained traction in light of recent developments. The announcement of XRP/USD futures contracts by Bitnomial Exchange has further fueled discussions. These contracts, which are physically settled and margin-based, reflect the value of 100,000 XRP units, signaling a step toward increased market accessibility and liquidity.
The Road Ahead:
As XRP navigates through this transformative period, all eyes are set on the retracement pivot at $0.70. This level is crucial for validating the token’s bullish momentum. If CRYPTOCAP:XRP maintains its position above this pivot, it could solidify the path toward $1, marking a significant milestone in its journey.
In summary, Ripple’s court victory has revitalized XRP’s market outlook, setting the stage for potential bullish movements. With increasing interest, technological advancements, and speculative excitement around an XRP ETF, the cryptocurrency is poised for an exciting phase. Investors and analysts will be keenly watching the retracement pivot at $0.70 as CRYPTOCAP:XRP strives toward its next target of $1.
XRP: SEC vs Ripple Case Closed -(Don't Get Your Hopes Up Though)The 4 Year war is over for the worlds most hated altcoin.
Judge Analysa Torres has ordered Ripple to pay $125 million in civil penalties and cease any further violations of securities laws, concluding the outstretched legal case against Ripple. This penalty is favorable for Ripple, given that the SEC had originally claimed a $2 billion fine.
Considering the XRP army is still fairly strong thanks to paid youtubers and Twitter/X shillers, I'm expecting a short term volatility and wicky price action similar to what happened the previous time Ripple announced an SEC victory.
Noteworthy that XRP has ALREADY gone through a pre-emptive pump, increasing nearly 50% BEFORE the official announcement, likely due to insider trading as is typical with these kinds of things.
The previous 24-hours saw a trading volume of around $1.68 billion, indicating that whales are moving and the biggest action is likely already over. The market capitalization of the altcoin is currently $29.5 billion, which is ridiculous considering there is no actual usecase for the alt after 12 years.
To be completely objective - this COULD change, IF Ripple could come up with an actual usecase for XRP that somehow burns the enormous supply . Unfortunately, up until this point, it has been used by the board members as a liquidity pool to fund their actual company (Ripple). I don't think it would be wise to trust them considering they have shown their true colors and misused the once promising coin as well as the community.
________________________________
BINANCE:XRPUSD CRYPTOCAP:XRP
XRP gaining dominance after lawsuit victory!Welcome back to another analysis, where we dive into the latest market trends and chart the potential paths ahead!
Today, I examined the XRP Dominance chart. The chart reveals that we've broken out of a falling wedge resistance and have since retraced to retest the former resistance line as support. Additionally, a double bottom pattern has formed, accompanied by a bullish engulfing candle on the weekly chart, right at the base support line and the previous falling wedge resistance.
Notably, the volume data shows an interesting trend: XRP has seen more inflow volume than outflow, indicating potential accumulation by both retail investors and institutions.
We are currently facing additional resistance, but if we manage to break through and establish a bullish trend on the XRP Dominance chart, key resistance levels to watch will be around 3%, 4%, and 6% dominance. Historically, XRP once held 30% market dominance, and I believe this project has the strength to reach that level in the long term.
Turning to the BTC Dominance chart, it is also encountering significant resistance, suggesting a potential turning point where altcoins may outperform Bitcoin in the coming period.
Thank you for reading, and be sure to follow for more in-depth analysis like this!
For additional insights, I also share free weekly updates on X: @PuppyNakamoto.
CRYPTO:XRPUSD COINBASE:XRPUSD BINANCE:XRPUSD BITSTAMP:XRPUSD BINANCE:XRPUSDT CRYPTOCAP:XRP.D
XRP - Trading Inside the channel - Pending BreakoutBINANCE:XRPUSDT (1W CHART) Technical Analysis Update
XRP is currently trading at $0.57 and price is trading inside in the channel. Price got successfully bounced back from the support line and now trading near the resistance line, A clear breakout will confirm the bullish trend of the XRP. We can enter the long trade after the confirmed breakout.
Entry level: $ 0.7040 (Candle close above the channel
Stop Loss Level: $ 0.4158
TakeProfit 1: $ 0.8563
TakeProfit 2: $ 0.9925
TakeProfit 3: $ 1.1653
TakeProfit 4: $ 1.4356
TakeProfit 5: $1.8800
Max Leverage: 2x
Position Size: 1% of capital
Remember to set your stop loss.
Follow our TradingView account for more technical analysis updates. | Like, share, and comment your thoughts.
Cheers
GreenCrypto
XRP/USD at a Crossroads: Major Move Imminent!Welcome to another Wolf of Block Street analysis, where we dive into the latest market trends and chart the potential paths ahead!
XRP/USD is at a pivotal juncture, with indicators pointing to a potential significant move in either direction. After years of consolidation, XRP has established strong support at key levels, suggesting that a breakout above recent resistance could trigger a major bullish move. Howewer on the bearish side, XRP is contending with resistance from a downtrend line and declining volume, which eventually could lead to the liq grab to the downside before further upside.
The coming trading sessions will be crucial in determining whether XRP breaks higher or dips lower, making this a critical moment for traders.
Fundamentally, I still believe XRP is the best crypto coin, thanks to Ripple’s extensive work in building a robust payment network and continue their work despite the SEC lawsuit. XRP is faster and more efficient than Bitcoin in every way, offering quicker transaction times and lower fees. An NFT platform is also being built on the XRP-Ledger and we can finally say that Bitcoin and XRP are the only digital assets that have achieved any regulatory clarity!
On that note, thanks for reading!
Make sure to follow me on X for weekly updates: @PuppyNakamoto
XRP (Crypto Ripple-USD) SELL TF H1 TP = 0.5496On the H1 chart the trend started on Aug. 08 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 0.5496
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
ALTCOINS that may Actually HAVE A FUTURE Beyond 2024I remember the good 'ol days, when the amount of options you had was limited to one hand.
First there was Bitcoin. Then came ETH, LTC, XRP and BCH (Bitcoin Cash). And a few other's later came like Bitcoin Gold and CRV. But oh man, were those the days. Crypto felt oddly "safer" back then, despite mt gox and pyramid schemes running rampant. Because today - the enemy is actually in the camp...
New alts are being released every hour (probably more) and it's just the one airdrop to the next rug. Lot's of progress has been made in this space which is blockchain, but we're still not really seeing the original promise of Bitcoin being fulfilled (fast and affordable cross border payments, ) amongst others.
Today, it has become close to impossible to separate the crop from the cream in terms of coin accumulation. If you bought BTC two years ago, or ETH, or LTC - you'd currently be in profit. However, some alts don't even exist for a month after release date never the less a year or more.
So let's talk about which altcoins I believe have a future FOR SURE. Remember that this is a highly debatable point; but I am going to point out the few that I believe will survive (at least past year and possibly beyond).
👉 1) Bitcoin COINBASE:BTCUSD
Bitcoin is not an altcoin, it is the original crypto. The KING. The first commandment and promise of a fair, open and transparent future on the blockchain. BTC's price may be overvalued occasionally, but it will always have the benefit of being first. And with so many institutional investors, I think it's a safe play for the foreseeable future.
👉 2) Ethereum COINBASE:ETHUSD
King of the alts, first of it's kind. Ethereum is the world's first smart contract platforms which remains the most popular choice among developers even today. Following Bitcoin's decentralized concept, Ethereum has become a leader in smart contract platforms and dApps. Eth is here to stay.
👉 3) Solana BINANCE:SOLUSDT
Competitor now to Ethereum, SOL has previously surpassed ETH (not in price). With over 95 million transactions daily, Solana has become the fastest blockchain and recently surpassed Ethereum in Total Economic Value. Many devs prefer Solana, and I believe it will stick around for the foreseeable future.
👉 4) Dogecoin CRYPTOCAP:DOGE
I hate how dependent Doge is on Elon Musk. But, for some reason, Mr Musk has a fascination with Doge and has promised many times to include it as a payment option on X (formerly Twitter). Even though it seems like a pie in the sky, something like that would significantly increase the value of Doge. I don't see it as a "forever" coin, but definitely on the list.
I think a key point to note here, is that back then, they (the founders) were doing something revolutionary. They were and are the titans of the industry. Today, anyone with GPT can create a functioning alt that "serves a purpose" or has "fundamental use case" in some way. It's true that AI is revolutionary, and I am very bullish on the concept of AI and the promise of automation for human kind. But this far, it hasn't been profitable, yet .
OpenAI makes losses and cryptoai is just leveraging off the larger AI, or the concept thereof... Sure, there are privately trained models, but at the current moment it takes a tremendous amount of resources (time, money, physical space) to do DL or Machine Learning, which if OpenAI cant make profitable... then neither can the cryptoai created by john, steve and bob.
10 Other ALTS that will probably make it past this year:
1) Shiba Inu (because people love it) BINANCE:SHIBUSDT
2) XRP (because many can't let go) BINANCE:XRPUSDT
3) Cardano (because it has a cult following) BINANCE:ADAUSDT
4) BNB (Binance supporters maybe?) CRYPTOCAP:BNB
5) Chainlink (because oddly enough it's survived for this long) BINANCE:LINKUSDT
6) Kaspa (potentially a revolutionary alt) MEXC:KASUSDT
7) Render (potentially an ai winner) BINANCEUS:RNDRUSDT
8) Monero (still the best privacy coin) KRAKEN:XMRUSD
9) Sei (potentially a revolutionary alt) BINANCE:SEIUSDT
10) Aave (still the best for borrowing and lending) COINBASE:AAVEUSD
Don't miss the message here - you can still TRADE altcoins. There are good trading opportunities
and setups even for the worst alts. I know this because we trade them daily. But this post is not about trading opportunities - it's about the future, potentially the far future. Who will likely survive and why. Alts that may be worth accumulating an that probably won't rug in a month's time.
I hope you can take it for what it is intended to be!
________________________________
XRP ReboundsXRP has been impacted by the recent market downturn. The price of XRP is currently at $0.4884, having found support after a significant drop. This movement reflects broader trends in the cryptocurrency market, which has been affected by various macroeconomic and regulatory factors.
Key Factors Influencing the Market Crash
Macroeconomic Concerns:
Interest Rates and Economic Slowdown: Investor fears over a potential slowdown in the U.S. economy and emergency rate cuts by the Federal Reserve have triggered a broader sell-off in risk assets, including cryptocurrencies.
Regulatory Uncertainties:
Delay in ETF Listings: The U.S. Securities and Exchange Commission's delay in approving spot Ethereum ETFs has created uncertainty and negatively affected market sentiment, leading to increased selling pressure.
Global Market Trends:
Strength of the U.S. Dollar: The recent strength of the U.S. dollar, bolstered by the European Central Bank's rate cuts, has added pressure to the cryptocurrency market as a strong dollar typically results in weaker performance for risk-on assets.
The MACD is bearish, indicating downward momentum with the histogram at -0.0054 and MACD line at -0.0299.
The RSI is at 34.32, suggesting that XRP is nearing oversold conditions, which could indicate a potential for a rebound.
With %K at 39.52 and %D at 30.30, the Stochastic Oscillator shows that XRP is in oversold territory, signaling a possible short-term recovery.
Conclusion and Market Outlook
XRP has experienced significant downward pressure but has found support at $0.4596. The technical indicators suggest a cautious outlook with potential stabilization at current levels. Monitoring the resistance levels at $0.5330 and the dynamic support at $0.3823 will be crucial for determining the next directional move.