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Xrpforecast

XRP → Ready to Rocket!? A Simple Chart Answers that Question!XRP found its way out of the bear channel after a 3-leg push downward followed by a bullish reversal. The price meandered sideways and fell below the 30EMA and 200EMA ribbons looking for support. Are we ready for takeoff? Or are we going to sub $0.50? How do we trade this? The current price is at $0.60 above the support zone of $0.57. Sideways outside of a bear channel does not give us the confirmation we need to enter a trade. What we need is a bull signal bar on or near the Support Zone to confirm that the bulls are here to carry us upward. It's reasonable to wait for the price to fall a but further and bounce. Look for a bull signal bar closing on or near its high followed by a strong confirmation bar. Longing in the $0.59 area gives plenty of room for a 1:2 or 1:3 Risk/Reward ratio, a reasonable ratio given we're looking for a trend reversal. I would not short in this scenario until we see more price action. Trade Idea Long Entry: $0.5850 Stop Loss: $0.5416 Take Profit: $0.7150 Risk/Reward Ratio: 1:3 Key Takeaways 1. Three Pushes Down, Bull Breakout of Bear Channel. 2. Not a Strong Breakout. Look for Bull Signal Bar. 3. Price Below 30EMA and 200EMA. Wait for Support Zone. 4. RSI at 40.00 but below Moving Average. 5. Wait for Bull Signal Bar for Confirmation to Long. You are solely responsible for your trades, trade at your own risk! If you found this analysis helpful, click the Boost button and let us know what you think in the comment section below!
Long
by TraderEngineering
New Year price drive!Here I have circled the end of a convergent zone for Xrp which typically will drive the price above 0.50 cents come New Year 2024. There basically will be no room to the downside and initially the potential to the upside is inevitable. Risk to reward comparison is being driven into the green and the sellers will be weeded out. So not much substantial time left for the sellers. No wiggle room left for profit margins in shorts. So be of good cheer cos this is potentially the last moments (last few months) we'll ever see Xrp under 0.50 cents again.
BITSTAMP:XRPUSDLong
by Immortalsouls
A drawn out expectation of Xrp's pathFrom the fractals we've been observing 2 times already since March 2020.. we've completed 2 cycles of fractals that are in comparison identical in structural terms to each other. The 1st largest cycle fractal ended (within the price range) in January of this year before making a new smaller 2nd cycle fractal that has already been completed. This rise in price begins the 3rd and final fractal within the range that will take us to the pinnacle of the end of the wedge where Xrp must decide to breakout of the wedge pattern. This is in relation to the first created wedge pattern that occured prior to the 2017 Xrp bullrun. As it is said.. history rhymes & this is what's to be expected for these final months where the overall falling wedge pattern ends at the end of April 2024. Highly anticipated that this will trigger the breakout to all time highs we've all been expecting. The more we wait the more it becomes obvious. Happy hodling or trading 😄👍
BITSTAMP:XRPUSDLong
by Immortalsouls
XRP Finally Reaching Historic Bottoms | Breakout SoonThe Resistance Level : After being broken through, it doesn't hold much merit anymore. However, it should still be used as a sign of possible support in the future, but as of now it still shows signs of resistance, so it's safe to say that this is still an important level and we should be keeping our eyes on this one. 50 Day MA: The 50 Day MA has shows good support and resistance on this time frame, which is why I will be using it. The 20th of March (2023) Is where we started seeing levels of support and movement to the upside. A pattern can be seen of higher highs, and higher lows. If you look back at the 20th of August (2020), we see the same pattern emerge where we break through the 50 Day and proceed to reach higher highs and higher lows. It can also be seen in December (2020) where broke through the 50 Day. Will we see the same pattern in the next weeks, where we fall through the 50 Day, or will it show support? Allow me to give you more information. FIB: The Break Through at the 0.236 Level was important, it shows signs that the market is ready to start seeing bullish pressure, but as we can see there was a reversal, and there is still sometime left before we truly reach higher levels on the FIB. So the 0.236 is still playing as resistance, but good signs of of a breakout soon. RSI: The 3 overbought tops back in 2020 aren't the only tops we've seen on XRP, we've even seen them back in 2017, and now we are seeing the same patterns today. This is the pattern: Breaking through 40.00 to show bullish pressure, 50.00 playing as support, the 3 overbought tops, then begging of bear market. As we can see we are starting to reach those tops, which means this is the LAST FALL, OR have AT LEAST one more to go. Historic XRP Candle Pattern: This is the Pattern: Rally, then a fall, Then Retrace to the Hight of previous rally, consolidation, then the final rally. That's what we saw in 2017, 2020, and now we are seeing the first steps of it right now. Summary: We are waiting for prices to reach 50 Day MA, where we can retrace back to the SEC Rally and consolidate, but there may be a final fall as history is showing us.
BINANCE:XRPUSDLong
by DenzelitoTrades
XRP going upto 1.35$ !!!**A friend asked me if I think there is any hope for XRP to go up. I am presenting this analysis to my dear friend. The reason for the validity of this analysis is the Ichimoku cloud gap method, which has a very high accuracy. Therefore, the long-term first profit margin of XRP is $1.35 (of course, as I mentioned in previous analyzes with respect to the Gan method, the target is $2.1). In other words, XRP has no choice but to touch those points due to the gaps it has left behind along the way. And the optimal and reasonable point is $1.35. But unfortunately, in the future, it will see 0.17 cents due to these gaps. Good luck.**
by khosrooparviz
XRP , TP is between 2.1 to 2.2$ !XRP seems stronger than ever, and we may be in the beginning of wave four. Therefore, the price decline in wave four should end between 0.57 and 0.59 cents. If it stabilizes at these prices, we can say that the decline is a 38.2% Fibonacci retracement. The price growth and the start of wave five will be here, and wave five will be as long as wave three, with a target between $2.2 and $2.1. The time to reach the suggested prices: The price of 0.85 will be around late June 2024, and the price of $2.1 will be around December 2024. Please note that the dates are approximate and not exact. The analysis method: The analysis is based on Elliott waves, Gann fan, Fibonacci, and Ichimoku.
by khosrooparviz
7
Deadline January 1st!! 🚀🚀🚀Xrp's longterm upwards trendline and the line beginning from the top of Xrp's all time high price converges in May 2024. Although we may see a new bullrun occur anywhere from January 1st to April. Much earlier than the converged lines show because people will be anticipating a bullrun. Not to mention other cryptocurrencies will likely be first movers. We'll see Xrp at minimum 0.55 cents in January so don't listen to idiots calling for 0.20 cents.. they're retarded. Super bullish for the next 8 months! A new all time high is coming in less than a year! 🥳
BITSTAMP:XRPUSDLong
by Immortalsouls