XRP Intriguing Intraday: Slow Moves Ahead or Breakout to $0.55?The intraday chart is slow and choppy.
1. A downward move to $0.5044, followed by bullish rejection, could propel XRP's price back to $0.5276, however price action is likely to be sluggish and choppy.
2. A bullish momentum and a breakout above $0.5276 will lead XRP to $0.5549.
3. Conversely, a dip below $0.5276 may intensify bearish sentiment towards $0.4770.
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Xrp
Ripple & XRPL Labs Joins DeRec Alliance as Founding MembersRipple and XRPL Labs have joined Hedera developer Swirlds Labs and the Algorand Foundation as founding members of the Decentralized Recovery (DeRec) Alliance. The alliance aims to standardize and expedite digital asset recovery in the web3 industry, particularly for crypto non-experts. The DeRec Alliance was founded by Hedera co-founder Leemon Baird to provide an open-source process for expediting digital asset recovery.
Members collaborate on developing a new interoperability recovery standard applicable to a wide range of users, especially those without crypto expertise. The alliance was initially partnered in January this year by the Algorand Foundation and Swirlds Labs. Founding members offer feedback on the alliance's policies and governance structure and hold a two-year seat on the Technical Oversight Committee.
The protocol establishes a standard system of secret management among designated helpers, recovering secrets without sharing information about the secret itself. As mass retail adoption continues, advanced yet user-friendly solutions for key recovery are essential. The DeRec Alliance comes at a critical moment, uniting experts to enhance interoperability and simplify the user experience without compromising security.
Technical Outlook
The SEC vs. Ripple lawsuit has been ongoing, with both parties filing their reply briefs and supporting evidence. The SEC's redacted reply brief to Ripple demanded a $2 billion penalty, while Ripple believes it should amount to a maximum of $10 million. The court is expected to rule on the penalties for Ripple in May. CRYPTOCAP:XRP is currently stuck between the $0.57 and $0.50 range for over one week, with the altcoin facing sticky resistance at $0.53.
RIPPLE - Price can exit from pennant and rise to $0.5330Hi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊
Recently price entered to falling channel, where it in a short time declined to support line, breaking $0.5075 level.
But after this, XRP made upward impulse, breaking $0.5075 level, again, and exited from falling channel.
Then price continued to grow inside rising channel until reached $0.5410 level, after which made correction move.
XRP bounced up from support line of rising channel and broke $0.5410 level, after which soon exited from this channel.
Next, price started to decline inside pennant, where it broke $0.5410 level again and declined to almost support line.
Now, I think that Ripple can bounce up from support line to $0.5330, thereby exiting from pennant.
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📉 XRP AND THE FALL TA / IN DEPTH 📉📉 Hey hey, been a couple days since the last idea, wanted to make a quick follow up and take a look at what's going on and happened since our last post. As always thanks for being here and coming by, I really appreciate you guys of course.
📉 In the last idea we pointed out this resistance at that 0.534 level where we had already seen two rejections and we we're looking to see what our chart would do next after falling below that ascending support level that we'd drawn up with the blue lone as shown below, this is the chart. link to the last idea:
📉 I pointed out in the last idea how we had fallen below the ascending channel, this horizontal support which again as shown in blue was helping to push us up in price action. We can see just what kind of battle we had as a result, I've extended the blue line from the last idea with a black line to highlight the before, after and we can see that even then the line's role still played a part in price action as we saw this wild fight between bear's and bulls.
📉 Personally it seems like the biggest fight was over the 20,50 EMA. On the 6th we can see how just when that 20 EMA was about to flip with the 50 EMA we got this massive price boost, buy in, seems like it was a whale, institutions attempt to help bulls avoid seeing a convergence of the EMA's which ultimately did end up happening just about a day later which has led to the creation of this descending channel and that's been the main catalyst for our reversal.
📉 Sure we got the rejection at 0.56, that makes total sense, we formed a new high on the local timeframe and understandably some traders, whales probably took profits, closed positions leading to this reversal and taking advantage of the quick price jump. Since then we've seen our 20, 50 EMA flip and lost the 200 EMA in the process.
📉 Main thing to watch is this descending channel, I'm looking to see if we get this breakout from the descending channel. If we get that breakout then as past price action has told us historically we'll more than likely see price recover and that'll give us this sort of catalyst for our next move up. That is of course granted we break out of the descending channel and can regain the 200 EMA in the process as well, bears will fight hard to prevent that so definitely keep an eye and feel free to add the lines to your own charts. I've added the two black lines to highlight our descending channel.
📉 Didn't want to keep this idea too long, just wanted to do a quick analysis as what we're looking at, what's happened and what could possibly come up soon. I personally see us retesting 0.515 like we last did on the 3rd, if we can bounce off that it should be positive but if we fail and continue down within this descending channel then we'll have to consider 0.50 and 0.492 should should traders want to take profit, close positions, mainly due to psychological factors so definitely set some alerts for those level's if you'd like. I will be doing the same as well as for the ones above our current price point of course, always good to know our top and bottom.
📉 Thanks for coming by as always and taking the time to read through my ideas, especially if you've made it this far, I try to keep things short but it's always fascinating taking an in depth analysis at prices and identifying why some things happen and what possibly can happen, no complaints though, it's helped us identify and formulate things a lot simpler. Thanks as always for joining me today, appreciate you guys and feel free to leave a like and follow to keep tuned! Thank you and till next, many blessings. 🙏
~ Rock '
Ditch These ALTCOINS that are UNDER PERFORMING💀Some altcoins have stayed behind during the most recent BTC surge. These include :
👎 DOT
👎 XRP
👎 ADA
👎 UNI
👎 HBAR
👎 CRV
👎 ALGO
Overlay any of these with the BTC chart, and you get something similar to this.
Now compare it to the PREVIOUS BTC all time high.
I'm not saying these coins are done for, or that they do not have a future. But my focus is on coins that can be tradable and profitable in fairly short periods of time. Holding on to an alt that doesn't move for months (only to increase 15%) is a bad strategy.
It would have been more profitable to take the loss and trade another coin with 50%+ increase, such as ETH, SOL, DOGE, NEAR etc. to name a few examples.
Ditch them and focus instead on coins with more volatility - You can't be holding through an entire new BTC high and the alt has barely broken out of accumulation - this simply won't do, because there are many other trading opportunities where you can make bigger gains and better profits just because they actually move.
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BINANCE:BTCUSDT BINANCE:XRPUSDT BINANCE:ADAUSDT BINANCE:DOTUSDT BINANCE:CRVUSDT
Ripple XRP Intraday Trade Setup XRP pushed through $0.54 failed to sutain price action above it and now is having a bearish pullback.
However, as long as it is trading above $0.5276, a re-test of $0.5549 is very likely.
A bullish break-out of $0.54 will offer more upside towards $0.5549 and, possibly, higher to $0.5790.
Another re-test of $0.5276 followed by a bullish rejection and a break-out of $0.54 will lead XRP price to $0.5549 and, possibly, higher to $0.5790.
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XRP : Decision moment📊Analysis by AhmadArz:
🔍Entry: 0.5216
🛑Stop Loss: 0.4564
🎯Take Profit: 0.5623 -0.5911 -0.6371 -0.6717
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
Ripple can continue to decline to 0.5065 support levelHello traders, I want share with you my opinion about Ripple. Observing the chart, we can see that the price some time ago started to decline inside the downward channel, where it soon broke the resistance level, which coincided with the seller zone and fell to the support line of the channel. After this movement, Ripple continued to decline in the channel and reached a support level, which coincided with the buyer zone, and even soon broke it too and declined more. But later, XRP turned around and made a strong impulse up from the support line, thereby breaking the 0.5065 support level again and exiting from the downward channel also. Then price continued to grow and even later reached a resistance level, but not a long time ago rebounded and declined to the support line. Also recently, XRP broke this line and now it continues to decline, so, in my opinion, Ripple can make a little movement up and then continue to fall to the 0.5065 support level, which is my target also. Please share this idea with your friends and click Boost 🚀
XRPUSDT → Ripple prepares for 70% growth ↑BINANCE:XRPUSDT is forming a technical false break of support, in the long term consolidation above the zone should be formed with the purpose of continuation of growth, the potential of which can be opened by 50-70%
The price on W1 is squeezed within the triangle. Another attempt to retest the resistance zone is being formed. At the moment, the market is restrained from strong growth by the proceedings between the SEC and XRP. Ripple recently announced that they are willing to pay a $10 million fine instead of $2 billion, while two strong lawyers are resigning from the SEC. The upside potential will be a price consolidation above the 0.500 area and on a breakout of 0.73.
Support levels: 0.5000, 0.4226
Resistance levels: 0.6431, 0.7325, 0.8547
If the legal nuances are closed soon, a new bullish time will come for XRP and Ripple will start to conquer new peaks.
Regards R. Linda!
⚡ XRP AND A QUICK TA! ⚡⚡ Alright, we're gonna keep things quick and simple today.
⚡ In the last idea we identified what seemed to have been a new resistance trend line and that indeed has been the case, it's simple enough to spot the effect as a result, we've seen prices pushed down right to that low point at the start of May.
⚡ It's there that we see the horizontal levels did indeed put in the work, as we retested 0.485. Once we found support there bulls took a firm grip and we we're finally able to get that breakout above the resistance trendline and that with our 20/50 EMA helped us recapture the 200 EMA to explain ripple's price action in a short and simple fashion. We we're stuck below the resistance, then we hit rock bottom, support and pulled up achieving this breakout that's helped us get back up basically.
⚡ I've encircled two points at 0.534 and 0.5378 or 0.534 to round things up. 0.534 is going to be our current point of interest. Since we already had an attempt at 0.534 before failing to break above the resistance line that made it all the more challenging for us to continue once we hit it again for the second time ultimately failing to regain higher ground.
⚡ Bulls will have to break that in order to push higher so I'd set an alert there and for 0.526 since that seems to be our local support, price action could have us seeing a horizontal channel form as bears and bulls fight to keep above that 200 EMA, or below depending on which team your on of course. So keep an eye out for the 200 EMA line, that'll be the bearish confirmation if we fall below and bullish if we can manage to keep above and avoid seeing those 20/50 EMA lines flip.
⚡ One last note is the blue line, that's basically a support line we've identified, it's also the reason XRP avoided losing the 200 EMA on the 3rd of May when we bounced off that line so it's definitely important to note that with us now being below the line things are technically bearish but whether things actually play out bearish or not will depend on who wins over the next few days and if we keep below the line or can regain ground above it though it'll be a challenge of course, but then again. Nothing is impossible, this is crypto after all.
⚡ Said I'd keep this idea short and that's it, I'll be posting more over the week so feel free to leave a like and follow to keep tuned, I simply wanted to give a quick summary of things and an idea of what we're looking at currently. Either way as things stand, I'm sure thing will heat up over the next few weeks, haven't had much movement following Bitcoin's halving so I'm curious to see what could be in the works. Thanks as always, and best wishes and blessings till next!
~ Rock '
Take CAUTION with these ALTS : ALGO, LTC, XRP, HBARIt's time to review which altcoins showed sign s of strength during the recent new Bitcoin All Time High (ATH) ... and which showed no strength.
Together with the failed breakout we observe on Algorand, THESE altcoins didn't fare much better. There are a few more, but let's focus on these alts for today:
What we're comparing this chart to, is the obvious increase we have seen on BTC (new ATH) and the following increases across other altcoin markets:
During the previous cycles; we often saw the altcoin market rally a week or two AFTER a new BTC peak.
From this, we can determine that most of the bigger altcoins (by market cap) should have rallied by now. In conclusion; we need to re-evaluate the fundamental arguments for these alts - why were they not able to show signs of strength like other alts? Why were the sellers so overwhelming compared to other alts?
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BINANCE:ALGOUSDT COINBASE:BTCUSD BINANCE:XRPUSDT BINANCE:LTCUSD.P BINANCE:UNIUSDT BYBIT:HBARUSDT
HelenP. I Ripple will break trend line and fall to support levelHi folks today I'm prepared for you Ripple analytics. Some days ago price reached a resistance level, which coincided with the resistance zone, and soon broke this level. Then XRP rose a little more, and then in a short time declined below the 0.5410 level, breaking it again, and then the price continued to fall. After the price reached the support level, which coincided with the support zone, it some time traded near this level and later broke it, after which declined to the trend line. But then, the price turned around and made a strong impulse up, higher 0.5080 level, breaking it and making a retest also. Then Ripple continued to move up and soon reached a resistance level, but a not long time rebounded and fell to the trend line, where at the moment XRP continues to trade near. For my mind, Ripple will make a little move up and then rebound down to the support level, breaking the trend line. That's why I set my target at the 0.5080 support level. If you like my analytics you may support me with your like/comment ❤️
#XRP not a security! The path to $23 is being formed.XRP won it's case. Great for XRP and alot of altcoins (not all)
what we know from the case;
Programmatic sale on exchanges did't meed the third prong of the Howey test
Sales to users via exchange on a order-book OK. Sales through a ICO/IEO/Launchpad not so.
Bounties, Investments, grants paid in XRP - OK.
Overall a massive win for #Crypto
@TheCryptoSniper
#HVF
XRPUSDT.1DThe daily chart for Ripple (XRP/USDT) shows the price fluctuating within a defined range, currently sitting at $0.5298. The chart outlines key resistance levels at $0.5746 (R1) and $0.6686 (R2), which are critical points where the price has previously encountered selling pressure.
The support level (S1) is established at $0.4697. Observing XRP's recent behavior near this level could provide insights into potential future movements. If XRP can maintain above S1, it might retest R1, suggesting a consolidation within this range.
The RSI is almost at the neutral point of 47.24, which does not indicate a strong momentum in either direction, suggesting the market is in a state of balance between buyers and sellers. The MACD is very close to the signal line and slightly below zero, indicating a lack of strong bullish or bearish momentum.
For traders:
Watching the reaction at S1 is crucial; holding above it might suggest stability or a potential upward move toward R1.
Breaking below S1 could signal a further decline, potentially reaching lower historical levels not marked on this chart.
A breakout above R1 could lead to a test of R2, providing a bullish scenario to target higher levels.
Traders should consider these levels for potential stop-loss or take-profit points, and observe volume and other indicators for confirmation of any potential moves.
#cryptomarket mid term weaknessTOTAL1 #cryptocurrencies total market cap chart. (Inc. #btc #bitcoin #eth #sol #bnb #xrp #doge and all #altcoins) Some dead cat bounces are necessary, but overall weakness is playing out with continuation. Former support zone is now turned into a strong resistance zone (Orange box).Declination will be sour.
Not financial advice.
RIPPLE - Price can continue to decline in channelHi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊
Recently price bounced from resistance line and fell to support line, but soon bounced up from this line, making fake breakout.
Then in a short time, Ripple rose to resistance line, after which made little correction and soon broke $0.5365 level.
After this, price rose a little more, and then started to decline inside falling channel, where it soon declined to resistance area.
Later, XRP broke $0.5365 resistance level one more time and then in a short time declined to $0.4790 level.
In my mind, Ripple can make small movement up and then continue to decline in falling channel.
Also, I think that XRP can break the support level and decline to $0.4790 points support area.
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XRP/USDT WEEKLY CHART UPDATE !!Hello friends, welcome to this XRP/USDT update from Crypto Sanders.
Chart Analysis everyone, what are your thoughts on the chart? Please share your comments regarding the XRP weekly update.
Earlier this month, Ripple (XRP) faced a setback, failing to sustain levels above 53 cents, eventually dipping to 43 cents, now a critical support level. XRP rebounded from this point, concluding the week with a 6% uptick.
However, despite efforts to uphold prices above 43 cents, buyers struggle to propel XRP to new highs. The 54 cents resistance looms ahead, potentially hindering renewed buying enthusiasm.
Looking ahead, XRP has been confined within a broad range since late 2023, lacking a substantial breakout. This trend persists into the current year. Therefore, expectations for a significant rally should be tempered until a notable breakout occurs.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
Ripple can exit from triangle, make retest and continue to riseHello traders, I want share with you my opinion about Ripple. By observing the chart, we can see that the price some time ago reached a resistance level, which coincided with the seller zone and broke it, after which started to trades in the range. Inside the range, the price rose to the top part and then turned around and declined lower than the 0.6085 level, thereby exiting from the range. After this, Ripple turned around and rose higher than the resistance level and started to trades in a triangle, where it rebounded from the resistance line and made a strong impulse down to the support line, breaking 0.6085 and 0.5065 levels. Then price turned around and made an upward impulse from the support line of the triangle to the support level, which coincided with the buyer zone and later finally broke the 0.5065 level, after which reached the resistance line of the triangle. But recently it rolled down from this line to the support line, where at the moment continues to trades near. For this reason, I think that Ripple can reach the resistance line, and break it, thereby exiting from the triangle and making a retest. After this, XRP will continue to move up, therefore I set my 1-st TP at the 0.5745 level. Please share this idea with your friends and click Boost 🚀
HelenP. I Ripple can continue to decline to $0.4670 levelHi folks today I'm prepared for you Ripple analytics. If we look at the chart, we can see how the price a not long time ago rebounded from the resistance level, which coincided with the resistance zone and made a strong impulse down to the trend line, thereby breaking the support level. But soon, XRP turned around and in a short time rose higher 0.4670 level, breaking it again and later making a retest. After this, it some time traded near the support level, after which it made a correction to the trend line. After correction, Ripple rebounded from the trend line and started to rise to the resistance level, and when the price reached this level, it entered to resistance zone. Price some time traded in this area, after which turned around and made an impulse down to the trend line, breaking the 0.5435 level. Soon, the price broke the trend line too and declined lower, and now XRP continued to move down, so, for my mind, Ripple will continue to decline to the support level. That's why I set my target at the 0.4670 level. If you like my analytics you may support me with your like/comment ❤️
XRP - 29c back on the cards for Cripple? 📉Hi Traders, Investors and Speculators of Charts📈
XRP has once again disappointed by being one of very few coins that did not rally during the recent BTC surge, which ultimately led to a new ATH. You would expect more from one of the altcoins-Titans, but unfortunately the fundamentals for XRP are looking terrible (at best).
The price has lost a long-standing trendline which acted as support, a bearish sign for the foreseeable future (until we can reclaim daily candles above):
XRPBTC is trading at all time lows (again) so if you ever did want to buy (for some reason), this would probably be a good time. The multiyear triangular consolidation keeps on heading lower and lower, each breakout failing into a further decline of value-loss against BTC:
The only thing I can really say about this... is that it is utmost disappointing. XRP has become a pool of liquidity to just drain and drain, dominated by sellers every time there is an upward trend in the market. The XRP market cap is getting smaller, and there isn't much growth happening on the ledger. XRP reserves help by executives is just a quick buck for Ripple to fund their slow-bleed company.
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Navigating XRP's Path Amidst Ripple's Stablecoin PlansCRYPTOCAP:XRP , the digital asset often referred to as the "banker's coin," is facing a crucial juncture as Ripple, its parent company, charts a new course with the introduction of its stablecoin. Amidst concerns surrounding XRP's utility in Ripple's ecosystem, Ripple's Chief Technology Officer (CTO) David Schwartz has stepped in to address the community's apprehensions.
CRYPTOCAP:XRP 's Price Action and Ripple's Stablecoin Plans
CRYPTOCAP:XRP has been treading cautiously around the $0.53 mark, with the shadow of resistance at $0.55 looming large. Ripple's recent announcement regarding the launch of its stablecoin has stirred a wave of uncertainty among XRP holders and crypto enthusiasts alike. The impending arrival of the stablecoin has raised questions about the future relevance of XRP within Ripple's ecosystem, particularly in its On Demand Liquidity (ODL) platform.
Ripple CTO's Reassurance
In response to these concerns, David Schwartz, Ripple's CTO, took to Twitter to offer reassurance. He emphasized that Ripple's objective is to provide clients with options, allowing them to choose between using the stablecoin and CRYPTOCAP:XRP based on their specific needs. Schwartz's comments underscored the belief that CRYPTOCAP:XRP will continue to play a significant role within Ripple's ecosystem, despite the introduction of the stablecoin.
Technical Analysis: XRP's Price Dynamics
From a technical perspective, XRP's price action has been confined within a narrow range, with resistance at $0.5576 and support at $0.5137. A breakout above resistance could signal a potential rally toward the $0.6431 level, representing a substantial upside for $XRP. Conversely, a breach below support may indicate a trend reversal, potentially leading to a test of lower levels around $0.47.
XRPUSDT.1DOn the daily chart for Ripple (XRP/USDT), XRP is exhibiting a range-bound behavior, oscillating between defined levels of support and resistance. The price is currently near $0.5203, with a noticeable support level (S1) at $0.4697. Above, there is resistance at $0.5746 (R1), and a further resistance (R2) at $0.6686.
The RSI is in the lower half of the range at 42.28, which can suggest bearish momentum but not yet oversold, providing potential room for downward movement. The MACD is slightly below the signal line, reinforcing the bearish sentiment as it suggests the possibility of further decline.
For traders, the area around S1 could be seen as a potential entry point for a long position if they believe the support will hold, with a stop loss set below S1 to mitigate risk. A break below S1, however, could signal a stronger bearish trend and a potential short opportunity. Conversely, a move above R1 could indicate a shift to a bullish outlook, potentially targeting R2. Trading decisions should be accompanied by other technical indicators and volume analysis for better confirmation.