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XRP Bull trap, ALTS PullbackHi Traders, Investors and Speculators of Charts📈📉 A bull trap is "false" signal that shows a bearish trend (such as the lower highs in XRP) has reversed and is now heading upwards, when in fact, it will continue to decline. Often a large wick towards the upside is observed, shaking out traders favoring the obvious move (shorting). It's important to note that for the first time, the TOTAL3 chart is about to close a red candle ALONG with Bitcoin Dominance: This indicates that the entire crypto environment is being drained of liquidity, and corrections will follow. Again, I wish there were more options... I'm choosing "short" to label my outlook even though I would not trade with leverage on XRP. The bulltrap and the TOTAL3 chart indicates we're heading lower, and so my bias for the short term is testing next immediate support zones. If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 We thank you for your support ! CryptoCheck BINANCE:XRPUSDT CRYPTOCAP:BTC.D CRYPTOCAP:TOTAL3
BITSTAMP:XRPUSDShort
by CryptoCheck-
15
XRP\XLM - Commentary On The Patterns At Large...Now is the opportune moment to share my insights on the current developments surrounding XRP and XLM, both of which I extensively cover on this channel. In times like these, brevity is key, and I believe it's crucial to address the situation based on the AriasWave methodology, a method that stands head and shoulders above others, even if its significance might not be immediately apparent. As you delve into the intricacies of this wave methodology, you'll come to appreciate why I emphasize its superiority. In the whirlpool of uncertainty, I aim to guide you through a clearer understanding, steering away from personal assumptions and relying on the AriasWave methodology instead. It's a perspective shift from my past experiences, where now I provide explanations rooted in a more reliable manner.
COINBASE:XLMUSDShort
by AriasWave
2
XRP - Top Gainer, HEAVILY OverboughtHi Traders, Investors and Speculators of Charts📈📉 As promised, a short term update on XRP. It's important to remember, the price action we're seeing on most altcoins right now is due to rotations between BTC and alts. More info on this topic here: XRP is notorious for making untimely, parabolic increases and falling just as hard shortly after. XRP can trade with an extremely overbought RSI for days and usually defies natural technical indicator logic (such as a pullback after hitting 100 on RSI), therefore trade with extreme caution. I'm labelling this idea as 'long" although I wish there were other options to choose from. Perhaps bullish or bearish, short - near or long term etc. Understand that I do not mean to indicate LONG XRP. I am quite against trading leverage on risky coins, but considering those are my options - I do see the price going up, that is just what happens in bull markets so ...long. The path to $1 is clear, but first I expect another rotation back into BTC. I have my targets set to make sure I catch those untimely wicks. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 We thank you for your support ! CryptoCheck BINANCE:XRPUSDT
Long
by CryptoCheck-
19
Ripple: Analyzing XRPUSDT Current TrendsRipple has recently undergone a notable surge, ascending from $0.47 to $0.73. BINANCE:XRPUSDT now enters a consolidation phase, let's delve into a analysis of its current position and potential future movements. Technical Overview: On the daily timeframe, BINANCE:XRPUSDT is revealing the formation of a compelling rising channel structure. This pattern often indicates a period of consolidation and can offer insights into potential future price action. Key support for this channel is notably situated within the $0.53 to $0.58 range, highlighting a crucial zone. Support and Resistance Levels: Support Levels: The strength of the channel support becomes evident at the $0.53 and $0.58 levels, providing a foundation for the ongoing consolidation. Resistance Levels: Significant resistance levels are identified at various points along the Fibonacci retracement and the channel itself. These key levels are situated at $0.62, $0.66, $0.73, $0.82, $0.93, and $1.16. We should keep a keen eye on these levels as they can play a pivotal role in determining the direction of future price movements. Interpreting the Rising Channel: The rising channel pattern suggests a delicate balance between buyers and sellers. Traders will closely monitor the price action within this channel for potential breakouts or breakdowns. As of now, the channel serves as a roadmap, guiding us through the intricacies of Ripple's current market sentiment. Ripple's CRYPTOCAP:XRP is presenting a scenario ripe with opportunities. Understanding support and resistance levels, particularly within the context of a rising channel, is crucial for making trading decisions. As always, risk management and staying attuned to market sentiment are paramount in navigating financial markets. Happy trading!
by Vestinda
🔥 XRP ABOVE THE TRENDLINE 🔥🔥 Nothing too long here just another quick read. 🔥 Yesterday's idea we added in the new trend line in black pointing out the significance of that and effect with us managing to keep above the trendline and pull back above 0.6499 which was followed by that leg up as support seemed to flow in with traders seeing that we avoided slipping further down below. 🔥 That being said we do still have the consolidation channel I added in from a few days ago, that channel is still gonna continue to have it's effect on us as we can see for example with the resistance in trying to break to 0.68, into the channel. 🔥 We'll simply have to see if we can regain access to the channel and possibly get another leg back up though we'll have to see. We've got a higher high on the local so that's a positive but the main thing as always the 200 EMA though again it is a lagging indicator you can always keep an eye on it through the different timeframes. Already know the impact the 200 EMA has. 🔥 I've got to leave it at that since I do have to head out but wanted to get something out there quick for you guys, thanks for stopping by as always and wishing nothing but the best to you all! And as usual any likes or follows simply help me out, doing what I can day by day. All the best till next! ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
⚡ XRP QUICK READ ⚡⚡ Quick TA here. Following up from yesterday's idea in which we talked about that consolidation channel and the air hockey idea we can see that we did end up breaking down and out below that channel falling to our next horizontal level. Again I haven't added any new marks or notations to this idea, the ones I have are simply accurate for the most part. ⚡ 0.64990 is that current local point of action for us on whether or not we'll find support here and manage to climb back up or if we'll fail to sustain pressure and get pulled back down should we fail to regain that 200 EMA soon enough. ⚡ I have added in a new trendline which is in black to point out this sort of breakdown between what seems to be one positive and negative half if that makes sense. Can identify how the moment we slipped below the trend line we got that plunge and that seemed to be the confirmation for some traders with us even finding resistance at the trendline on the bounce back up so definitely feel free to add to your own charts. ⚡ Said this idea would be short and that's it, after a fall like this I'm just watching to see whether or not we can keep above that 0.649 or if our retracement will extend, whether or not one or the other happens will simply have to be seen. Till then I appreciate you guys stopping by as always, feel free to leave a like and follow, never hurts and simply helps me out! Thanks and all the best till next! ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
Market Update - November 10 2023 Bitcoin rises above $37k as ETF momentum continues: Bitcoin rose throughout the week before settling around the $37k range by Friday. The price of BTC was largely in consolidation mode early in the week, which shifted to an upward trajectory after reports surfaced that an eight-day window had opened for the SEC to approve spot bitcoin ETF applications. BTC gained about 7% over the last seven days and is now up more than 25% over the past month. Ether launches past $2,000 and BlackRock begins spot ether ETF process: After lagging behind BTC and surging altcoins, ether (ETH) saw renewed strength this week rallying above $2,000. Further bolstering ETH, BlackRock registered an iShares Ethereum Trust in Delaware, which is an early step in the application process for a spot ether ETF. Solana continues to rise gaining ~30%, and Ripple signs deals with Georgia and Dubai: Solana (SOL) built on recent gains this week, rallying another ~30% and topping $50 a token by Friday. SOL is now up over 100% over the past three months. XRP also had a positive week benefiting from recently announced Ripple partnerships with Georgia and Dubai. XRP is up ~30% over the past month, and has gained over 50% in the past six months. Crypto fund inflows surge over past six weeks: CoinShares data showed $767 million of inflows to crypto funds over the past six weeks, recording the most cash injected since 2021’s bull run. The $767 million in inflows surpassed 2022’s total inflows of $736 million. Bankruptcy judge approves Celsius reorganization plan: Defunct crypto lender Celsius had its reorganization plan approved by a Bankruptcy Judge on Thursday. The plan would establish a new entity, NewCo, backed by seed funding of $450 million. The new entity aims to be publicly listed and would be focused on Bitcoin mining and staking. The plan would also require sign off from the SEC. Repayments to creditors could start as soon as early 2024. 🧙Topic of the Week: Origins of Bitcoin 🫱 Read more here
GEMINI:BTCUSD
by Gemini
XRP RIPPLE Technical Analysis And Trade IdeaConducting a meticulous analysis of the charts reveals a retracement in XRP from its recent peak. A discernible observation on the weekly timeframe indicates an overextended bullish trend with a current pullback underway. The pivotal query revolves around the extent of this retracement – will it deepen, or is there potential for a rotation at the current level, aiming for liquidity beyond prior highs? Our video delves into diverse time frames, culminating in the identification of a prospective trading opportunity grounded in market structure, price dynamics, trend analysis, and other critical facets of technical evaluation. It's crucial to emphasize that the insights presented herein serve an educational purpose exclusively and should not be interpreted as financial counsel. Engaging in the foreign exchange market and cryptocurrency trading inherently entails a substantial degree of risk. Consequently, it becomes paramount to judiciously integrate robust risk management strategies into your trading blueprint to adeptly navigate the associated challenges.
Long
by fxtraderanthony
4