XRP: Priming for a move Here I will attempt to document a price action plan and trade setup focusing on XRPBTC pair.
DAILY STRUCTURE - From my observations, price has come down to fill an imbalance, located at left of chart, signalling liquidity injecting into the market, usually i have noticed that XRP can wick into an area to test that area then go towards it which leaves no imbalance area. (See yellow markings) - It wicks first, then the liquidity injects to that level and perhaps breaking it, i suspect it is wiping orderbook clean by wicking, then it is easier to inject the liquidity for the desired result. XRP does move differently, but we can use the basic strategies in order to try and position ourselves utilising BTC to XRP trades.
DAILY MOMENTUM - Trend perspective - Daily OVERWATCH printed a clean divergence before this pump equalling 37%, 1BTC = 1.37BTC. Nice. Aswell after this pump candle, the MFI came down and bounced while price bounced of the TM scalper levels which could have been a nice entry in itself equalling 19%. OVERWATCH has not reached its upper levels on the daily yet, will look to do 4hr analysis next, but looking at the daily, down at 0.000016 level at this point would be a bounce off the tm level is current optimal entry zone for daily.
H4 STRUCTURE : Have zoomed out so one can really follow the structure here, please appreciate what i am sharing, no deletion or movement of key levels and structure to obscure what I am showing. You can follow from left to right the price movement pattern, zig zag.
H4 MOMENTUM - Trend perspective - H4 OVERWATCH is topping out aswell as MFI (Bottom pane), we will need at least two good candles pushing above this BOS - H4 level for a valid breakout, and then, after that happens we will await the pullback for an entry. Until we get a rejection at this level, or a breakout, this is all i can say for now. Any comments welcomed.
I will update the chart each day if Price action requires until we take an entry and we are only looking for LONG positions within this thread. EG: Switching BTC into XRP for increased BTC holdings.
XRPBTC
XRP/USDT Bullish Breakout Confirmed XRP/USDT Technical Analysis Update:
XRP has shown a remarkable 60% growth in just two weeks and is currently trading at $0.57, approaching a high resistance level of $0.60. In my opinion, XRP is likely to face rejection at this level and undergo a retest after the breakout.
I anticipate that XRP will test the $0.43-$0.50 level before moving above the $0.60 level, which would indicate a super bullish trend. In the next bull run, XRP has the potential to provide significant returns.
To summarize, the support level for XRP is at $0.43, while the resistance levels are $0.60, $0.87, $1.30, and $1.95. XRP is a cryptocurrency that investors should watch closely, as it has the potential to offer substantial profits.
Can Falling Wedge work on XRP❗️❓🧐XRP is completing microwave C of the main wave Y of the Double Three Correction structure(WXY).
It seems that Double three correction is running on falling wedge pattern.
I expect XRP goes up at least until the upper line of falling wedge pattern and then it will make a decision(probably XRP will touch 🔴resistance zone($0.4450-$0.4230)🔴 during next weeks).
XRP Analyze ( XRPUSD), 12-hour time frame ⏰.
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XRP/USDT Monthly analysis Bullish??I've been keeping an eye on XRP for some time now..
and I expect it to be around $0.55 in 1 or 1.5 months, for a long-term buy.
for a shorter-term approach (1-1.5weeks), I would be looking at $0.45.
And in any case price shouldn't be falling below $0.33.
As far as my analysis goes, I would say, it should start to act bullish just around this week.
XRP bounced back up 2 times in the past months, with that in mind, it gained more momentum upwards. Hence making it suitable for XRP to create a bullish trend earlier than I would have anticipated.
I will be looking for more specific setups to buy, as the price rises.
I am not an expert, and this is not a financial advice, please always do you own analysis before taking a risk.
XRPUSD - 50 % gains (NEW)XRP couldn' break the downsloping resistance. It has been underperforming but xrp's time will come soon.
We expect the price to retest the support zone around 0,34$ which would be our entry for a long position.
From there, we're expecting more upside.
Targets are shown on the chart.
Good luck
XRP - Trade setup: Keep an eye on this level!The idea is: Buy when the price breaks above 0.4551$ and take profits at the levels shown in the chart.
Targets:
1. 0.46$
2. 0.47$
3. 0.479$
4. 0.49$
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Key Dates to Watch in March:
30 Mar: GDP Report
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xrp new updateHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the XRP symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
XRP LONG TERM PLAY Road to $1.5+
This is one of my nicest charts right now. It looks best in the Monthly timeframe chart as Stochastic is bottomed. We can see a clear trend resistance so we are likely to break at point #3. Possible targets are provided.
Observations:
-Monthly chart looks best so I am using the monthly chart as my guide.
-Buy entry is whale accumulation.
-Ever since May 2022 whales have been massively accumulating and XRP has been trading sideways which proves it.
-Bit community and believers so when it decides to pump it will likely go up with strong force as this is a MONTHLY chart which makes it even stronger and better.
-STOCHASTIC looks bottomed on the monthly(what comes down has to go up)
-MACD looking like trend change and accumulation.
XRP could turn Sunday into 'Funday!' XRP is crossing out of the overbought area on the Stochastic set at 60. It has previously made decent short-term gains after breaking out of that area, although the biggest parts of the moves have been after it crosses the white trend lines marked within the Stochastic indicator. Good luck HODLers!
Stochastic set to 60 is working great as an indicator for XRP.Hello fellow traders, and HODLers. Lately I've been using the standard stochastic set to 60, and as you can see above that coupled with the proper trend-line is working very well lately as a 'tip-off' indicator. It looks like XRP could get even more interesting to watch in the coming weeks. Don't get shaken out of your positions early! Good luck!
The 'Star-pattern' successfully predicts another breakout in XRPAfter I successfully predicted the first breakout on March 19th which occurred a few days later (see link below), and having just predicted this breakout we're now seeing shortly before it occurred, XRP is now flagging nicely on the 15 and 30 min charts. This is what I call the 'Falling-Star-Pattern,' and it's performed well for me over the years.
Compare this chart to the one in the link below to see what I'm talking about in regards to that pattern. Get to know it, you won't regret it!
XRP/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this XRP/USD 1DAY chart update by CRYPTO SANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-extended declines on Friday, as traders continued to secure profits following recent highs.
XRP/USD dropped to a bottom of $0.4246 in today’s session, which comes a day after a peak at $0.4536.
Today’s drop comes three days after XRP hit a peak at $0.4940, which was its strongest point since last November.
This latest decline comes as the RSI fell below a ceiling at the 64.00 mark, and is now tracking at 57.31.
Despite the slip in sentiment, bulls rejected a breakout from a floor of $0.4250, with XRP now trading at $0.4264.
There will likely be another attempt to push prices under this mark, however, should this point of support hold, there could be a reversal during the weekend.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
XRP : Whales Asleep, Bears defend $0.55 Hi Traders, Investors and Speculators of the Charts 📈📉
If you've been following me for the past year, you'll be well aware that I am notoriously bullish on XRP. However, today's analysis on XRPUSDT is focused on the price for short term, and for that I like to pull up the technical indicators RSI, LSMA, EMA and Momentum. My favorite indicator, the Phoenix Ascending, points to more possible upside price action for the immediate term. However, it's also noteworthy that the buying pressure is running out, as observed on the momentum.
Usually when XRP rallies, it shoots through 2 - 3 resistance zones. We're currently struggling to capture the first one above, so it may seem that this is not the candle that's going to go parabolic. For now, candles need to keep closing above the BLUE zone, which is now the support zone.
Here's a quick look at XRPBTC . Overlaid in this chart is the XRP line chart and the BTC line chart.
We can see that XRP is overdue to gain some grounds on BTC and from past scenarios we can tell that when it finally does, it will be a facemelt. It's also important to note that XRPUSDT is prone to pump and dump and can act very wicky therefore the best strategy is to have your targets pre-set for TP.
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DXY (US DOLLAR INDEX)Hello traders! In my opinion, in long term this index is sell.
If the price breaks the level of 100.00, this brings a decrease to the level of 93.54. Also the alternative scenario is up at the 108.80 level and then at the 93.54 level.
Be careful and wait for a confirmation!
Don`t forget to look at the economic calendar!
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Ripple is about to explodeThere are rumors that ripple is going to settle with the SEC.
Technically speaking we are witnessing falling wedge and symmetrical triangle unfold, especially the symmetrical triangle which has been forming for a long while now.
The bigger a pattern is the better, at least that's usually the case.
###NOT FINANCIAL ADVICE###
✳️ XRP vs Bitcoin (Update by request)This is a reply I gave to @Skorpi_91 in a comment about XRPBTC, if you are trading this pair you might find the reply useful.
We had a lev. trade on this pair and I believe it failed miserably... That's the way it is, the market gives, the market takes.
It is important to follow capital allocation on those...
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XRPBTC
The drop we saw that ended 20-March we call a "shakeout", this we know due to the fact that it happened fast and yesterday we get a strong recovery.
This is happening within a higher low long-term, vs June 2022.
The jump yesterday sent prices above the 19-Feb. low and it is also high volume.
This again confirms that the last move was a market move to kick people out of their positions, shakeout, liquidity hunt, market manipulation, call it what you will.
The bias now is whatever was happening around late February, which is consolidation before the next move.
The next move can be to either side but taking into consideration the shakeout, it is set to go up.
The only reason why market manipulators would kick people out of their hands is because they are about to push prices up... And they are quite greedy, that's for sure.
Namaste.