Trumps Tariff War and Crypto's Fight🔥 Hey! Hope everyone's doing well today, it's been a hectic last couple days as ever, especially with these tariff's Trumps been throwing out which has pushed the crypto market down even puling Bitcoin down to hit a 3-week low which saw the cryptocurrency drop below it's historic $100,000 mark.
🔥 Over the weekend Trump imposed a couple tariffs on Mexico and many Canadian imports of up to 25% and 10% on goods from China which will go into effect Tuesday.
🔥 With that news coming out over the weekend it's understandable that crypto crashed, with cryptocurrencies being the only thing that runs 24/7 we can see how traders effectively took to selling cryptocurrencies off the news and crypto ended up being the proxy for the news and ultimately taking the hit. Here's a link for reference:
www.reuters.com
🔥 Thankfully we can see how after the plunge crypto's recovered pretty well so that's been great to see that but gives us some good reference points at the very least, can see how XRP plunged to that 1.77 point before buyers snatched up that absolute bargain so least we can identify a solid support above $1.70 should we ever fall again or get another selloff.
🔥 And now we can see how XRP is trying to break back up into that $3 territory though we're facing that resistance at $2.8 understandably so definitely keep an eye out since we'll have to watch out for a possible breakout or if we'll retrace and converge with that 200 EMA again.
🔥 I've got to go but hope this idea helps some, wanted to get a quick post out while I had the chance before I leave for work, so thanks for tuning in and the support as always, really appreciate it and wishing all the best till next!
~ Rock '
Xrp
Xrp - All Structure Is Finally Broken!Xrp ( CRYPTO:XRPUSD ) is heading for two digits:
Click chart above to see the detailed analysis👆🏻
Over the past three months alone, Xrp rallied about +550%, perfectly following the expected triangle continuation breakout. Since there is literally no resistance above the current levels, it is quite likely that Xrp will now rally all the way up to the psychological two digits.
Levels to watch: $10.0
Keep your long term vision,
Philip (BasicTrading)
The Bitcoin Peak: When Will the Cycle End?Been a while since I published a TA. I’ve been digging deep trying to decipher when the cycle top will come in for Bitcoin. Some say it’s an impossible feat. Well, let’s give it a go.
There are two major dates and one minor date for a possible cycle top:
May 2025
**Volume Flow**: 1157 Days
**From June Bottom**: 1064 days
**ETH clear bottom**: June 2022
**Bar Pattern Fractal**: From 2015 bottom
**221k Price Target**: Target crosses with the model in May.
September 2025
**From November Bottom**: 1064 days
**Major Macro Time Fibonacci**
**Chainlink Fractal**
**Chainlink Time Fib**
March 2025
**Small Time Fibonacci**
**Bull Flag End**
**Average % move and time since 2019**
As you can see, there is a lot of evidence to unpack here, so it’s going to be a long one. Let’s start with the first date: May 2025.
---
May 2025
Volume Flow on Heikin Candles on the Monthly shows that from the Bearish cross to the cycle top is 1126 days, which ends up being May.
Every cycle, Bitcoin has always put in a double bottom to mark its cycle low. As you can see, in 2022 we had two major crashes, and even though it’s not 100% clear here, we got a double bottom.
The amazing thing about the first bottom in June 2022 is that it mirrored the first bottom of the cycle low of 2015. That fractal was a mirror, showing the importance of this first low in Bitcoin in June 2022.
If we overlay the 2015 fractal, we get the top coming in May.
For anyone who doesn’t know, the last two cycles, Bitcoin has taken 1064 days from Cycle Low to Cycle Top. 1064 days from the June 2022 low is May.
ETH has a much clearer bottom than Bitcoin this cycle. It also took 1064 days, which puts it in May.
So you can see, there is a lot of evidence pointing towards a May 2025 Cycle Top for Bitcoin.
---
September/October 2025
1064 days from the second bottom in November 2022 would be October 2025.
For years, I have been using this Major Macro Time Fibonacci sequence that shows me important moments in Bitcoin’s cycles. The last pointed to a move down to 48k in August 2023, which is hard to see on the 2Week chart.
As you can see, it comes close to pinpointing moves, so the next date is the end of September 2025, which lines up with the 1064 days from November 2022.
I have been following this Chainlink fractal for more than a year. We traded LINK using this fractal back in October 2023. You can check my TAs from that period. The fractal is still valid and tops in September 2025.
Chainlink Fibonacci Time Sequence has been hitting home runs time and time again, from pinpointing the top all the way down to the bottom. The next date is late August 2025, very close to September 2025.
---
March 2025
This date has far less weight for a cycle top but could be part of a major local top and correction.
A small Time Fibonacci sequence taken from this level shows that March 31st is the next date, and the one after that is late August 2025, the same as the Chainlink fractal.
240% over 162 days is the average that Bitcoin moves up since 2019. If we just overlay the average, we get 127k by mid-February 2025.
A mirror move from October 2023 to March 2024 puts us in March 2025.
---
Elliott Wave Section
I’m not an expert in this field but will throw in some takes.
Could we possibly be in Wave 4 out of 5?
Or could we be finishing Wave 3 right now and in for the first large correction of this bull market?
The fact is, the last time we hit this band on this model was January 2021. After that, there was a 31% correction lasting 31 days.
Sometimes 5 waves are very clear. Take GOLD, for example: there is a clear 5-wave pattern at max Fibonacci extension. This is a massive macro sell signal, in my opinion. Crazy how GOLD hit this level on Wave 5 as Bitcoin breaks 100k.
---
### **Price Targets
If we take the first cycle and overlay to 2015 cycle, it gave us the cycle top in 2021.
If we do the same for this cycle and overlay the 2015 cycle, we get a price target of 221k, which puts it at the top of my model in May 2025. Just discovered this—that’s one more point for May 2025.
As you can see, in the last two cycles it worked. Will it work this time? Who knows.
---
Pi Cycle Indicator
If we just run a rough projection on when the next cross will be, it crosses in April 2025, very close to May. Keep in mind this is a very rough idea of when it could cross.
---
Conclusion
We have 5 points in favor of May 2025, 4 points in favor of September 2025, and 2 points for March 2025. As always, the path is never clear for Bitcoin. Until we get much further down the road, I won’t conclusively know which date it will be.
This model I have been using has been so accurate thus far. We are so high up the last bands that we are most likely going to get some sort of long consolidation period with a correction soon, which would give the altcoin market a run.
XRP, what are you doing?
There is a good chance price starts to move sideways. A weekly SIBI has formed at 2.59-2.89 and might be the resistance to keep price sideways.
If price does not, I foresee a possible bear retracement occurring.
Multiple FVGs are below current price (2.34). A 4HR SIBI rests at around 2.45-2.46. If price does go up, that SIBI might be the resistance to hold prices from elevating upwards.
Based on what the charts are showing me, we might be headed to another sell-off.
Reason for this assumption is due to the 1-day liquidity zone that sits at $1.77. Also keeping in mind that the bottom 1/3 of the weekly FVG has still been untouched.
If I was analyzing this chart without experiencing yesterday's (2/2/25) sell-off, I would say that we wouldn't get that low into the FVGs. But yesterday was crazy, and I did not think we could get into those gaps. So I am giving more respect to those gaps with this analysis.
XRP's situation+next targets and expected movements.The price is currently within a wedge, which could be a bullish sign in the medium term. At the moment, I don't see the necessary volume to break the wedge, and I expect the price to come down to around $2.8 once more and then go up. This guess could form a head and shoulders pattern, which is great for a price increase.
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅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 - Time to buy again!As I mentioned in the previous analysis, the price can form a head and shoulders pattern. If that is happen, expect a significant price increase.
previuos analysis
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅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 drops 47.5% over 18 days after setting a new all-time high.The crypto market crashed today, dragging down virtually every cryptocurrency you can imagine. XRP saw a drastic decline along with the broader market, losing 47.5% since setting a new all-time high was set just 18 days ago. This has many people worried that the decline may continue, but this drop also changed XRP's structure dramatically, merging what were previously two bullish wedges into a single broadening wedge.
If you look closely at the standard Fibonacci levels that I use—based on what I call the "equilibrium zone"—you’ll see that the uppermost and lowest Fib levels align perfectly with the price high and low throughout that 18-day period.
Although the overall market feels bearish right now, as the average retail investor's emotions run off the scale due to the incredible devaluation of their digital asset portfolios, experienced traders and investors see this drop as an opportunity.
There’s no guarantee that this is the bottom or that price will recover the higher levels that have now been lost. However, in my opinion, the chart pattern we now see as a result of this drop has amazing potential if price continues to hold above the lowest green Fib level.
It was a painful day for some and a day of incredible gains for others (shorts), but the game never stops being played. Dust yourselves off, catch your breath, get your game plan together, and keep moving forward.
Good things will come to XRP in due time.
Good luck, and always use a stop-loss!
Updated Wave 5 Count XRPHello There,
From the price action today, I have updated the count with an ED or Ending Diagonal. Also I updated Wave 4 and I don't think it was a triangle, but a sideways combo. It is still possible for it to be a triangle, but would have to do a deep dive to confirm that count. Today on how low we went in the 4th of the Larger degree 5th, we broke wave 1 on varies exchanges and therefore, must go with the higher probable count of a ED.
The Final targets can vary, but I laid out two ranges for $3.8 - $4.4 ish. we will have to see how this ABC or structure forms.
After hitting this targets, I do expect an correction in the $1.5 - $2 ish range, before possibly going for the $8 - $12 range.. this correction will probably takes months, so I would recommend to take as much profit as possible this final move to the $4ish range.
Thank you,
God Bless and Trade on
Is XRP Still A Good Idea To PurchaseWith this recent drop in XRP, I have been asked multiple times if I am still bullish on XRP and my comment still is YES!!!!
Why Now is the Perfect Time to Invest in XRP
I remain steadfast in my position: now is an even better time to buy and hold XRP. The reasons are compelling and numerous, reflecting the immense growth potential and strategic positioning of XRP as a global financial network.
Pilot Programs and Strategic Partnerships
The XRP Ledger (XRPL) is at the forefront of numerous pilot programs, demonstrating its utility and potential. Major financial institutions and corporations, including BlackRock, are exploring the integration of XRPL into their operations. Additionally, six upcoming ETFs and an XRP Futures market set to launch in 2025 highlight the growing interest and confidence in XRP's future.
Global Integration and Regulatory Developments
The Bank of Japan has announced that all Japanese banks will be connected to XRPL by 2025, marking a significant milestone in XRP's global adoption. Furthermore, the ongoing SEC lawsuit is expected to be resolved by April, potentially removing a significant barrier to XRP's growth. The pro-crypto stance of the Trump administration adds another layer of optimism for the future of XRP.
A Proven Track Record and Future Potential
Reflecting on my past investment in Bitcoin, where I purchased 9,099 BTC at $0.11 and sold them at $0.54, I realize the potential missed opportunity. Today, that investment would be worth $1.1 billion. Unlike Bitcoin, which had limited utility at the time, XRP is designed to move trillions of dollars globally on a daily basis, showcasing its practical applications and value.
Innovative Financial Solutions
Ripple Labs is actively working on a FOREX alternative with their stablecoins, including RLUSD, RLJPY, RLEUR, and RLGBP. These innovations further solidify XRP's position as a versatile and valuable asset in the financial ecosystem.
Recognition and Influence
The presence of Ripple Labs executives at the Presidential Inauguration balls, engaging with President Trump and Vice President JD Vance, underscores the significant influence and recognition of XRP. Notably, representatives from other major cryptocurrencies like Ethereum, Cardano, and Solana were absent, highlighting XRP's unique standing.
Conclusion
In conclusion, the current landscape presents a prime opportunity to invest in XRP. The combination of strategic partnerships, global integration, regulatory developments, and innovative financial solutions positions XRP for substantial growth. However, the decision to invest ultimately rests with you. I encourage you to explore the insights shared on the Ripple Labs website and make an informed choice. Also, keep in mind that even with this recent pull-back XRP has still made a 25% gain since the first of the year. If you were to put your money with one of the large financial institutions, they would scoff at you if your told them that you were looking for an annualized 25% gain.
XRP, How Low Can You Go?XRP is currently experiencing a downward trend across both 4-hour and 1-hour timeframes. The key level to watch is $3.00, which needs to establish as support to reverse the current bearish trend.
XRP is currently in a downtrend in both 4-hour and 1-hour timeframes.
To break the trend, price needs to find support at $3.00.
A 1-hour liquidity zone exists between $2.948 and $2.9244. Price should fill this zone. Price can get there if it's rejected at $3.00.
There is a 4-hour Fair Value Gap ($2.85–$2.83) that should be taken into consideration.
If the 4HR FVG is hit, it needs to retrace to $2.86ish and hold with support. If it does not find support in the FVG, price could be headed to $2.78ish.
If support is not found there at $2.78, a 1-hour Liquidity Zone now plays a factor. Price could visit mid-to-low $2.60s.
If it does hit $2.60s, I believe it will find support and start to rebound back to $3.00.
Just my analysis. What do you think is going to happen? Would love to get other perspectives and feed back!😊😊
XRP/USD technical analysis from 30.01.25 (Buy HOLD!)Glad to welcome everyone, dear friends!
At the request of subscribers technical analysis of the pair pair Xrp/Usd.
With the arrival of D. Trump, a new branch of development of the cryptocurrency market has begun. Xrp also did not stay aside, and many investors look at this project positively, setting high hopes. For example, the US SEC (Securities and Exchange Commission) may eventually finalize the XRP-SEC case that has been holding back the cryptocurrency for years. Another major accomplishment for Ripple was using transmitters licensed in Texas and New York to expand its presence in the US. Also, in early 2024, Ripple acquired Standard Custody and along with the purchase they received a license to store assets in New York, so they can offer cryptocurrency storage to banks in New York as well as RLUSD.
Due to this positive news, and in conjunction with my analysis on Btc/Usd and Eth/Usd pair, I expect a breakdown of the diagonal line and the main resistance zone indicated on the chart and growth to the main target of ~$3.63 as part of wave 5 (sub-wave 3). Stop for the local minimum of ~$2.6. Happy trading everyone and don't forget about risk management!
Some more of my ideas:
BNB/USD on 01/28/25
ARB/USD from 28.01.25
LDO/USD from 01/19/25
Trading strategy is determination and waiting
Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
-------------------------------------
BW(100) indicator and HA-High indicator show the high point range.
In other words, the fact that the BW(100) indicator and HA-High indicator were created means that it has fallen from the high point range.
Therefore, the range made up of the BW(100) indicator and the HA-High indicator is called the high boundary zone.
When it falls in this range, you can sell (SHORT), but it is not easy to enter the actual sell (SHORT) position.
Therefore, in order to reduce this difficulty, the box range was set and displayed based on the HA-High indicator.
Therefore, when it falls below the 2.9660 point and shows resistance, it is possible to enter a sell (SHORT) position for the last time.
In that sense, it can be said that entry was possible today.
-
Currently, the StochRSI indicator is showing a pattern of rising in the oversold zone and then failing to continue the upward trend and falling again.
This means that the decline is strong.
However, when the StochRSI indicator falls again to the oversold zone and then rises, it is highly likely to show a large increase depending on where it is supported.
In that sense, if it shows support in the second zone of 2.5127-2.6031, it is highly likely to show a large increase.
If not, there is a possibility of meeting the M-Signal indicator on the 1W chart.
-
(30m chart)
For a trend change, you can see where it is based on the MS-Signal indicator.
However, you need to check whether the trend is sustainable at the support and resistance points.
In other words, it is currently showing signs of rising above the MS-Signal indicator.
If it continues to rise like this, in order to continue the upward trend, it must rise above the M-Signal indicator and 5EMA+StErr indicator on the 1D chart to maintain the price.
If not, it will fall again.
Therefore, you need to buy (LONG) when it is supported near the HA-Low indicator and BW(0) indicator, and liquidate when it is resisted near the MS-Signal indicator.
If you continue trading like that, if the MS-Signal indicator rises higher and the price is maintained, you can check for support near the M-Signal indicator and 5EMA+StErr indicator on the 1D chart and respond.
Therefore, when looking at the 30m chart, it may be advantageous to trade with a buy (LONG) position.
Then, when you meet the HA-High indicator or BW (100) indicator, you trade with a sell (SHORT) position.
If you had previously traded with a sell (SHORT) position on the HA-High indicator or BW (100) indicator on the 30m chart, it would have been the best choice.
-
Thank you for reading to the end.
I hope you have a successful trade.
--------------------------------------------------
- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market.
Accordingly, the bull market is expected to continue until 2025.
-
(LOG chart)
Looking at the LOG chart, we can see that the increase is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, we do not expect to see prices below 44K-48K in the future.
-
The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
That is, the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, this Fibonacci ratio is expected to be used until 2026.
-
No matter what anyone says, the chart has already been created and is already moving.
It is up to you how to view and respond to it.
Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role.
The reason is that the user must directly select the important selection points required to create the Fibonacci.
Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies.
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
-----------------
XRP is just getting started. XRPBTC chart has lots of room left.XRP has made some spectacular moves since the "Trump election pump" began on November 4, 2024, but we haven’t seen anything yet. Bitcoin has been absorbing hundreds of billions of crypto investment dollars during this timeframe, but when money starts fleeing Bitcoin in search of more undervalued assets, XRP will be the prime beneficiary.
Bitcoin is obsolete and is being rejected by countries around the world as a consideration for strategic crypto reserves. ETH is too energy-inefficient and costly to use. XRP is the only viable option. Plus, with RLUSD, the ability to on-ramp or off-ramp has never been easier or more efficient than it is right now.
Get ready!
Good luck, and always use a stop-loss!
XLM Long following XRP StructureChart Comparison: XLM vs. XRP
On the left side of the chart, we have XLM/USDT, and on the right, we're comparing it with XRP/USDT. Both charts display a very similar structural pattern, with XRP showing a more advanced movement compared to XLM. It appears that XLM is currently lagging behind XRP but is likely to follow suit soon.
Given the similarity in price action and market behavior, I anticipate XLM will catch up, and I am expecting a move towards the marked target in the near future. If XLM continues to follow XRP's trajectory, we should see an upward move that aligns with the target zone.
Keep an eye on XLM for a potential breakout and move towards the target area marked in the chart.
XRP/USDT: Critical Decision Point - Range or Drop?Here's a concise analysis of the XRP/USDT 12H chart:
Technical Setup:
- Price in descending parallel channel (blue lines)
- Currently at: 3.1666 USDT (-3.82%)
- High volume (263.81M)
- Notable Fibonacci levels marked: 0.5 and 0.66
Price Action Forecast (marked in yellow):
- Potential sideways consolidation with volatile swings
- Range between 2.8-3.2 USDT
- Risk of -18.76% downside noted (-0.5948)
Key Levels:
- Resistance: 3.4 (0 Fib level)
- Support: 2.8 (0.5 Fib level)
- Critical Support: 2.6 (0.66 Fib level)
Trading Note:
Caution advised - chart shows possible distribution pattern with high volume. Wait for clear direction before taking position.
XRP -- Could we see $4+ Prices by end of Feb?We have been consolidating between $2.90-3.15 recently. Inside of a breaker ob from what I see, as I am writing this, I can see XRP using that Bullish FVG from Jan 27, 2025 as support for higher prices to $3.10+ I am targetting at least $3.16 highs by EOD today but we will see what happens.
Forex, Crypto and Futures Trading Risk Disclosure:
The National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC), the regulatory agencies for the forex and futures markets in the United States, require that customers be informed about potential risks in trading these markets. If you do not fully understand the risks, please seek advice from an independent financial advisor before engaging in trading.
Trading forex and futures on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade, you should carefully consider your investment objectives, level of experience, and risk appetite.
There is a possibility of losing some or all of your initial investment, and therefore, you should not invest money that you cannot afford to lose. Be aware of the risks associated with leveraged trading and seek professional advice if necessary.
BDRipTrades Market Opinions (also applies to BDelCiel and Aligned & Wealthy LLC):
Any opinions, news, research, analysis, prices, or other information contained in my content (including live streams, videos, and posts) are provided as general market commentary only and do not constitute investment advice. BDRipTrades, BDelCiel, and Aligned & Wealthy LLC will not accept liability for any loss or damage, including but not limited to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
Accuracy of Information: The content I provide is subject to change at any time without notice and is intended solely for educational and informational purposes. While I strive for accuracy, I do not guarantee the completeness or reliability of any information. I am not responsible for any losses incurred due to reliance on any information shared through my platforms.
Government-Required Risk Disclaimer and Disclosure Statement:
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
Performance results discussed in my content are hypothetical and subject to limitations. There are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading strategy. One of the limitations of hypothetical trading results is that they do not account for real-world financial risk.
Furthermore, past performance of any trading system or strategy does not guarantee future results.
General Trading Disclaimer:
Trading in futures, forex, and other leveraged products involves substantial risk and is not appropriate for all investors.
Do not trade with money you cannot afford to lose.
I do not provide buy/sell signals, financial advice, or investment recommendations.
Any decisions you make based on my content are solely your responsibility.
By engaging with my content, including live streams, videos, educational materials, and any communication through my platforms, you acknowledge and accept that all trading decisions you make are at your own risk. BDRipTrades, BDelCiel, and Aligned & Wealthy LLC cannot and will not be held responsible for any trading losses you may incur.
XRP/USD – Technical OverviewCurrent Price Action:
XRP has recently surged from $2.40 to highs near $3.40, forming a bullish flag pattern. This pattern indicates a consolidation phase within a broader uptrend, suggesting a potential continuation after the pause.
Key Levels to Watch:
Support (Lower Trendline):
$2.90: Critical support level near the flag’s lower trendline. A breakdown below this zone could indicate a deeper retracement and weaken the bullish outlook.
Resistance (Upper Bound of Flag):
$3.40: Immediate resistance, where the price has recently stalled. A break above this level would signal the resumption of the uptrend.
Bullish Targets:
$4.00-$4.20: Potential upside targets if the breakout from the bullish flag materializes. These levels align with the prior highs and would offer significant resistance.
Market Dynamics:
The bullish flag pattern suggests that the market is in a consolidation phase, likely as a pause before the next leg higher. This is a typical setup for continuation in an uptrend, where a breakout above $3.40 would likely propel XRP toward $4.00-$4.20.
Broader Uptrend:
The uptrend that began in November remains intact, and this consolidation phase is viewed as a temporary rest before the next bullish move.
Outlook:
Bullish Scenario:
A breakout above $3.40, with solid volume and momentum, would confirm the continuation of the trend. The $4.00-$4.20 range would be the initial target, providing substantial upside potential for traders.
Bearish Scenario:
If XRP breaks below $2.90, this could signal a deeper retracement, potentially testing the $2.40 support zone or even lower, depending on the strength of the breakdown.
Conclusion:
As long as XRP remains within the flag pattern, the bullish outlook remains intact, with the $4.00-$4.20 range serving as the key target upon a successful breakout. However, traders should remain cautious of a possible breakdown below $2.90, which would require re-assessment of the technical structure.
XRP - Patience is bitter, but its fruit is sweet!It looks like XRP is stuck in a multi-day consolidation between $3.02 to $3.14. Consolidation usually means a big move, it could also mean everyone is in consolidation mode waiting to see what will come out of the SEC closed door meetings.
"Patience is bitter, but its fruit is sweet." – Aristotle Or as my mother used to say, "Good things come to those that wait."
I can feel it in my bones that the XRP fruit will be extremely sweet.