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
Xrp
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.
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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.
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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.
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(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.
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Thank you for reading to the end.
I hope you have a successful trade.
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- 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.
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(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.
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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
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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.
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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.
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Trading in futures, forex, and other leveraged products involves substantial risk and is not appropriate for all investors.
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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.
XRP Will Soon Sync with Market Open & Close TimesCurrently, XRP is trading within a fairly narrow range. However, I predict that once the SEC case against Ripple Labs is resolved, we will see significant movements in XRP during market open and close times. This case has been a major factor influencing XRP's market behavior, and its resolution could pave the way for more dynamic trading patterns.
The U.S. Dollar (USD) plays a crucial role in the foreign exchange (FOREX) market, accounting for approximately 88% of the total daily trading volume. This translates to around $6.6 trillion out of the $7.5 trillion traded daily. The USD's dominance in FOREX is largely due to its status as the world's primary reserve currency and its widespread use in global trade and financial transactions.
On December 17, 2024, Ripple Labs launched Ripple USD (RLUSD), a new stablecoin. RLUSD is designed to offer stability, reliability, and liquidity, being backed by U.S. dollar deposits, U.S. government bonds, and cash equivalents. Due to the ongoing SEC oversight, we have yet to see the full potential of RLUSD, especially as large institutions begin to adopt it. Once the regulatory hurdles are cleared, RLUSD could become a significant player in the cryptocurrency market, potentially transforming the way digital assets are utilized in global finance.
I recommend that you watch this video on X to see what is happening in Ripple (XRP) world:
x.com
Additionally, the launch of RLUSD comes at a time when interest in stablecoins is rapidly increasing. Stablecoins like RLUSD provide a bridge between traditional financial systems and the rapidly evolving world of cryptocurrencies, offering a secure and stable means of transferring value. As more institutions and investors recognize the benefits of stablecoins, we can expect to see greater integration of these digital assets into mainstream financial systems.
Grayscale Files for Spot XRP ETF: A Game-Changer for XRPThe cryptocurrency market is abuzz with the latest news that Grayscale, one of the largest digital asset management firms, has filed for a Spot XRP ETF with the NYSE. This development comes at a pivotal moment for XRP, as the Ripple team appears to be nearing a resolution in its long-standing legal battle with the U.S. Securities and Exchange Commission (SEC). The combination of these factors has sparked renewed interest in XRP, with whales accumulating the asset and technical indicators hinting at a potential bullish breakout. Let’s dive into the fundamental and technical aspects of this story to understand what it means for XRP and the broader crypto market.
Why Grayscale’s Spot XRP ETF Matters
Grayscale’s decision to file for a Spot XRP ETF is a significant endorsement of XRP’s potential. ETFs (Exchange-Traded Funds) are widely regarded as a bridge between traditional finance and the crypto market, offering institutional and retail investors a regulated and accessible way to gain exposure to digital assets. A Spot XRP ETF would allow investors to buy shares that directly reflect the price of XRP, without needing to hold the asset themselves. This could lead to increased liquidity, broader adoption, and a surge in demand for XRP.
The filing also signals growing institutional confidence in XRP, particularly as Ripple’s legal battle with the SEC appears to be nearing a conclusion. A favorable outcome for Ripple could remove a major regulatory overhang, paving the way for XRP to reclaim its position as one of the top cryptocurrencies by market capitalization.
Whale Activity: A Bullish Signal
On-chain data reveals that whale activity for XRP has hit record highs, with the number of wallets holding between 1 million and 10 million XRP reaching an all-time high of 2,083. This accumulation trend suggests that large investors view XRP as undervalued and are positioning themselves for a potential price surge. Historically, such whale activity has often preceded significant bullish rallies, as it indicates strong confidence in the asset’s future prospects.
Technical Analysis
As of the time of writing, XRP is up 1.96%, trading in a moderate zone. The candlestick chart shows a Doji and a Spinning Top, which typically indicate market indecision. However, the Relative Strength Index (RSI) stands at 62, placing CRYPTOCAP:XRP on the cusp of a bullish run. This suggests that despite the current indecision, the asset has the potential to break out if buying momentum increases.
Key support levels to watch include the 38.2% Fibonacci retracement level, which could serve as a strong entry zone for traders. On the upside, breaking past the $3.40 resistance level could ignite a rally toward $4 and beyond, with some analysts even predicting a long-term target of $20.
Market Sentiment
The broader crypto market remains volatile, but the increased interest from whales in both XRP and Cardano (ADA) suggests that these assets could be poised for significant movements in the near term. If XRP can maintain its bullish momentum and hold above key support levels, it could attract even more retail and institutional interest.
What’s Next for XRP?
The combination of Grayscale’s ETF filing, record-high whale activity, and the XRP Ledger’s fundamental strengths creates a compelling case for XRP’s future growth. While the market remains volatile and regulatory uncertainties persist, the potential for a bullish breakout is undeniable.
Investors should keep a close eye on the following factors:
Regulatory Developments: A favorable resolution to Ripple’s legal battle with the SEC could remove a major obstacle and boost confidence in XRP.
ETF Approval: If Grayscale’s Spot XRP ETF is approved, it could open the floodgates for institutional investment.
Technical Indicators: Watch for a break above key resistance levels, such as $3.40, which could signal the start of a sustained rally.
Conclusion
Grayscale’s Spot XRP ETF filing marks a potential turning point for XRP, as it combines strong fundamentals, technical indicators, and growing institutional interest. While the crypto market remains unpredictable, the stars appear to be aligning for XRP to make a significant move. Whether you’re a long-term investor or a short-term trader, now is the time to pay close attention to XRP’s developments. The next few weeks could be pivotal in determining whether XRP reclaims its status as a top-tier cryptocurrency.
Stay tuned to The Bit Journal for the latest updates and insights on XRP and the broader crypto market. The future of CRYPTOCAP:XRP looks brighter than ever—don’t miss out on what could be the next big opportunity in crypto.
XRP Traders - Hang Tight on Thursday and FridayThis week has proven pivotal for the USD, with significant developments on the horizon. The Federal Reserve is set to convene tomorrow (January 30, 2025) to discuss interest rates, in light of former President Trump's persistent calls for rate cuts. Simultaneously, the European Central Bank will also hold a crucial meeting. These high-stakes discussions are expected to ripple into the cryptocurrency market, potentially impacting XRP values. Remember, maintain your composure and hold your positions steady.
EUR/USD is down 1.2% from Monday's high above 1.0500
AUD/USD has dropped 1.4% so far this week
NZD/USD is down 1.2% this week, falling back below 0.5700
Updated XRP/USDT 1H Chart Analysis – Next 24 Hours OutlookKey Observations:
Rising Wedge Breakdown Risk (Bearish Bias)
XRP is still within a rising wedge, a bearish pattern that often leads to a breakdown.
Price is testing the lower trendline, indicating a crucial decision point.
Supply & Demand Zones:
Supply Zone (Resistance): 3.28 - 3.13 (Price struggled to break above)
Demand Zone (Support): 3.03 - 2.88 (Price approaching this area)
Lower Demand: 2.65, a strong historical level.
Support & Resistance Levels:
Immediate Resistance: 3.09 - 3.13
Immediate Support: 3.03 - 3.05
Next Major Support: 2.88, aligning with demand.
Break of Structure (BOS) & Price Action:
There is a break of structure (BOS) to the downside, indicating potential trend reversal.
If the wedge breaks down, XRP may move lower.
Potential Next Move (24H Forecast)
Bearish Scenario (Higher Probability, ~70%)
A break below 3.03 could send XRP to 2.88
If bearish momentum continues, 2.65 (lower demand zone) becomes a possible target.
Bullish Scenario (Lower Probability, ~30%)
If XRP holds 3.03, a bounce back to 3.09 - 3.13 is possible.
A break above 3.13 could push toward the 3.28 supply zone.
Final Conclusion:
Bearish Bias – XRP is more likely to break down and test 2.88 soon. If buyers don’t step in, 2.65 is the next key level.
XRP🚀 XRP (Ripple) – A Game-Changer in Cross-Border Payments! 🚀
XRP is the native token of the Ripple network, designed for fast, low-cost international transactions. With institutional adoption growing, it’s a key player in the future of digital finance.
📌 Current Setup:
🔹 Buy Zone: $2.50 – $2.60
🎯 Target: $4.00
Are you bullish on XRP? Let’s discuss in the comments! 📊💬
#XRP #Ripple #Crypto #Blockchain #CryptoTrading #Altcoins #XRPArmy #TradingView
🚀 XRP Ready for Takeoff! 🚀
Ripple is in a strong buy zone between $2.50 – $2.60, targeting $4.00! 📈🔥
Will you ride the wave or watch from the sidelines? 🌊💰
#XRP #Crypto #Ripple #Bullish #CryptoTrading #Altcoins
Xrp - Two Digits After The Breakout!Xrp ( CRYPTO:XRPUSD ) is about to break out:
Click chart above to see the detailed analysis👆🏻
Just three months ago we finally saw the overall expected symmetrical triangle parabolic breakout on Xrp. However Xrp is now retesting the previous horizontal all time high resistance. With all the bullish momentum a breakout is very possible, leading to two digits.
Levels to watch: $2.5, $10.0
Keep your long term vision,
Philip (BasicTrading)
XRP bullish wedge pattern update.XRP is kicking butt and taking names. After my previous post, XRP broke sharply to the downside along with the broader crypto markets, sweeping all the liquidity below the current bullish wedge pattern in which it is trading, then reversing course and quickly returning to the equilibrium zone. If you weren't bullish on XRP before that downside move, you should definitely be bullish now. A recovery of that magnitude in such a short window of time is EXTREMELY BULLISH!
I would not be surprised if we see a bullish move to the upside in short order.
Good luck, and as always, use a stop loss!
XRPUSD Channel Up guiding it to $17.00XRPUSD is trading inside a Channel Up and amidst today's market bleeding, it almost touched its 1day MA50.
This trendline has been supporting since the November 7th 2024 breakout, which was after the U.S. elections.
Technically this is the first buy entry for the remainder of the Bull Cycle and the last one is on the 1day MA100.
If the Channel Up continues sideways before it breaks, then the 1day MA100 should be tested. Otherwise, we may see an immediate break out.
The 1day RSI however is so far similar with the July - October 2024 consolidation, which favors a little more the probability of a 1day MA100 test.
In either case, the technical long term target is the 2.0 Fibonacci extension at 17.00.
Follow us, like the idea and leave a comment below!!
XRP in Bull-ChannelXRP/USDT Analysis 📊🔥
🔹 XRP is moving within a bullish channel on the 4-hour timeframe, showing positive signs for a continuation of the uptrend.
📌 Key Levels:
Strong Support: 💪 $2.68 (critical level for potential bounce if correction happens).
Major Resistance: 🚀 $3.70 (next target for breakout).
📈 Trend Analysis:
A significant pump was seen in the previous move, and the price is now in a consolidation phase.
Breaking out of the triangle pattern could define the next trend direction:
An upward breakout targets the $3.70 resistance 🟢.
A downward move could retest the $2.68 support 🔴.
✨ Suggestion:
Wait for a breakout confirmation and trade accordingly. Keep an eye on how the market reacts to the support and resistance levels. 📌