Ripple's Mid-2023 Move: A Bold Step Forward or a Risky Gamble?I strongly believe that XRP may experience a temporary downward trend before making another significant surge.
Upon conducting a thorough analysis of XRPUSDT and XRPBTC, I have developed opinion that XRP may experience a temporary downturn before experiencing another substantial surge.
Repeating history cycles in trading is a well-known phenomenon. Market cycles, which refer to the periodic recurrence of trends, are a characteristic feature of financial markets. These cycles are driven by a range of factors, including economic indicators, political events, and technological advances, among others. While the duration and intensity of market cycles may vary, patterns tend to repeat themselves over time.
Based on my analysis of the Relative Strength Index (RSI) and the price range (channel), I believe that XRP may experience a temporary dip before potentially rallying from 0.5. It is important to note that this rally may occur without significant retracements down to 0.23, as I previously indicated in my earlier update.
It is essential to exercise extra caution in light of the current market conditions, where traders and investors are not as prone to FOMO (fear of missing out) as they were in 2017. As a result, any temporary dip could potentially be smaller than anticipated, just as the rally could be relatively moderate.
XRPBTC
At least 10% growth of XRP by Inverse H&S Pattern🚀Since XRP is one of the cryptocurrencies that has the lowest correlation to Bitcoin, it has always been attractive to me as a trade. (correlation of XRP to BTC=0.54)
XRP was able to break the 🔴resistance zone($ 0.53-$ 0.521)🔴 with the Inverse Head and Shoulders pattern .
I expect XRP to move towards the next 🔴resistance zone($ 0.586-$ 0.5738)🔴 based on the double channel strategy after the pullback is completed.
XRP Analyze ( OKX:XRPUSDT ), 2-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Xrpbtc breaking up from 6 month descending channelThe green descending channel that xrpbtc is currently breaking up from it has been inside for the last 6 months or so. The breakout target of the channel should lift xrpbtc priceaction above bothe the weekly 200ma(in blue) as well as the daily 200ma(not shown here). If it finds a way to break up from the symmetrical triangle it can rise all the way to .00006. *not financial advice*
XRP - Where are we headed?📈📉In today's big brain analysis, we'll be breaking down the infamous altcoin XRP. Let's dive right in...
XRP seems to have slowed down at long-term supply levels kicking in around ~0.58 which is exactly what we want to see for a healthier continuation of this 2023 rally.
The crypto market as a whole has shown a lot of resilience throughout last year so it would not be wise to enter any substantial downside plays in this market, at least until ES and NQ break major demand levels to show a potential new low coming.
With that being said, we rejected the key supply at ~0.58 on 03/29/23 and are yet to retest that level.
It is very possible that this supply level will hold up for a significant amount of time.
However, the weakness in the last 10 days gives us a nice pullback for continuation to the upside off of this ~0.49 demand zone.
Our main watch should be longing for the retest of supply at ~0.58 until demand at ~0.49 breaks.
It is also important to note that volume during the last few days has been very low which explains why we haven't gotten a significant move during this period.
Bullish Case: you want to see this ~0.49 hourly demand hold, volume to start building up here, and strength off this demand to retest hourly supply around ~0.58
Bearish Case: you want to see volume kick in on the downside and break hourly demand at ~0.49, show further weakness, and look for a retest of ~0.49 for further downside
As always, NONE of this is financial advice. Trade, and invest at your own risk. This is for educational and entertainment purposes only, and we are in no way shape or form financial advisors.
Eyes peeled out there team. See ya in the next one.
XRP - Keep an eye on this level!Here's a quick look at the 2 hr. XRP chart.
The idea is: Buy when the price breaks above 0.516$ and take profits at the levels shown in the chart.
Targets:
1. 0.52$
2. 0.525$
3. 0.532$
4. 0.545$
5. 0.555$
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Recent Altcoin trades:
ARB / USDT: 5% profit
DOGE / USDT: 20% profit
XRP / USDT: 9% profit
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BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
✴️ XRP Continues (Quick Update) | Ripple Wins?You can check the "Related Ideas" below if you want to go deeper.
There I share the XRPUSDT/XRPBTC long-term and also short-term targets.
In this update we want to look at the current price action.
After the initial breakout, XRPUSDT consolidated for 5 days and now is back above resistance.
This is ultra-bullish.
The chart showing bullish signs means that Ripple is about to win.
The chart predict what is coming.
The chart is saying that a bullish development will take place.
What can be more bullish than a Ripple win in the case vs the SEC?
Namaste.
✳️ XRP vs Bitcoin (Update)So far it looks good.
I think I already mentioned the long-term higher low, June 2022 vs March 2023, this is matched by bullish divergence on the RSI.
After the initial 30% jump 21-March we had a drop consisting of 3 candles and thus doubt quickly creeps in.
This drop closed above EMA10, all days and today the pressure is upwards.
EMA50 (0.00001644) is the main resistance and above this level we can see fast growth.
The charts can change but once it starts going it happens really fast and the growth strong.
While the drop from Sept. until March is a long one, this is still a bullish trend with higher highs and higher lows.
The higher high confirms only/if/when XRPBTC moves above 0.00002900.
Thanks for your support.
Namaste.
A critical time to turn to an uptrendHello?
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(XRPBTC 1W chart)
The question is whether it can rise to the last support range of 0.0000 1791 to 0.0000 2470.
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(XRPUSDT 1W chart)
It is important to be able to climb with support in the HA-Low and HA-High indicator sections.
(1D chart)
If it falls below 0.3420-0.3505, there is a possibility of a sharp decline, so a countermeasure is needed.
We are currently facing a golden opportunity to turn to an uptrend.
To take advantage of this opportunity, the price needs to rise above the 0.3814-0.4060 range or higher.
As explained in the 1W chart, since we are facing a very important turning point from a mid- to long-term trading perspective, if you have found a way to respond to the decline, I think it is time to aggressively buy.
However, since the price is currently located below the MS-Signal indicator on the 1D chart, it is recommended to buy when the candlestick on the 1D chart is about to close with a rising candlestick according to the basic buying method.
If the price is above the MS-Signal indicator on the 1D chart, it is a good idea to buy when the candlestick on the 1D chart is about to close with a falling candlestick.
To buy in the above way, a split transaction is required.
It is necessary to increase reliability by first checking whether it is possible to buy with the above buying method.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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XRP price surge between $7 and $30 per unitBased on the shown fractal and fibonacci sequences from a prior bull run, XRP could be worth $7 to $30 per unit depending on the price of Bitcoin during the surge and the height of the move. For example, if Bitcoin were to surge to 125,000 suddenly, and XRP surged to the full XRP/BTC ratio at 0.00025, then expect to see $30 price. I expect this to be a very low probability. However, I see a surge in the more near term with Bitcoin between 30k and 50k which puts the XRP price between $7 and $10. That being said, it is entirely plausible that the XRP/BTC ratio never rises past the .236 again, and thus stays in a range of $.0.50 and $3.00 for the foreseeable future.
XRP/BTC - XRP: BBand_Breakout Resistance_Breakout◳◱ Hey crypto lovers, we've identified bullish signals on the $XRP / $BTC chart through the detection of both a Bollinger Band and a Resistance Breakout. The Bollinger Band indicates a potential bullish trend as the price has moved outside of the upper band, while the Resistance Breakout confirms this trend by showing the price breaking above a key resistance level. Given the alignment of these signals, it may be a good idea to consider entering a long position and targeting higher levels. Our analysis indicates that the key resistance levels are at 0.0000179 | 0.00001978 | 0.00002391 and the major support zones are at 0.00001377 | 0.00001152 | 0.00000739. However, it is important to also consider other factors such as overall market conditions and other technical indicators before making a trade decision.
◰◲ General info :
▣ Name: XRP
▣ Rank: 6
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Poloniex, Mexc
▣ Category/Sector: Payments - Currencies
▣ Overview: XRP is a cryptocurrency aiming to increase the speed and reduce the cost of transferring money between financial institutions. Underpinning Ripple's xRapid product, an on-demand liquidity solution, XRP is used as a bridge currency for financial institutions exchanging value between multiple fiat currencies. XRP is the native token of the XRP Ledger, an open-source cryptographic ledger powered by a peer-to-peer network of nodes.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00001873 ₿
▣ 24HVol: 2,598.308 ₿
▣ 24H Chng: -6.816%
▣ 7-Days Chng: 19.30%
▣ 1-Month Chng: 41.06%
▣ 3-Months Chng: 53.76%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.0000179 | 0.00001978 | 0.00002391
◢ Support: 0.00001377 | 0.00001152 | 0.00000739
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: NEUTRAL
◰◲ Technical Indicators Summary : NEUTRAL
◲◰ Sharpe Ratios :
▣ Last 30D: 4.59
▣ Last 90D: 2.70
▣ Last 1-Y: -0.12
▣ Last 3-Y: 0.89
◲◰ Volatility :
▣ Last 30D: 1.10
▣ Last 90D: 0.76
▣ Last 1-Y: 0.83
▣ Last 3-Y: 1.20
◳◰ Market Sentiment Index :
▣ News sentiment score is 0.49 - Bearish
▣ Twitter sentiment score is 0.53 - Bullish
▣ Reddit sentiment score is 0.50 - Bearish
▣ In-depth XRPBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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XRP - Keep an eye on this level! Here's a quick look at the 1 hr. XRP.
The idea is: Buy when the price breaks above 0.55$ and take profits at the levels shown in the chart.
Targets:
1. 0.557$
2. 0.565$
3. 0.583$
4. 0.596$
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If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups.
BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
XRP BUY, SELL OR HODLTEMA 13 22 55
MA 200
EMA 8
Lines removed to wash out the smaller time frame noise
HOLDING until we see the RED line cross to the top of all 4 lines (WHITE, BLUE, YELLOW & GREEN) - Set on the daily - very basic setup to swing trade medium time frames (1-3 months)
This indicator has been pretty accurate in the past. Great if trading large amounts and have the patience to see it out. Works for me - hopefully it continues to do so :)
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.
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 ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
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