XRP ascending channel could be indicating massive price increaseThe ascending channel that XRP is currently in looks to be indicating a massive potential price increase in 2024 if the fractal pattern repeats. Even if the pattern is only successful by a fraction, it would still mean some massive price gains.
Good luck, and always use a stop-loss!
Xrpl
XRP and the coming new all-time-high.XRP's price has been lagging behind the market, but it makes sense as Ripple has admitted to dumping XRP on retail's head during the rallies. As it stands, the selling of XRP is Ripple's only way to raise capital. However, XRP still remains the only single cryptocurrency on the entire market that has legal clarity. Not even Bitcoin has this, even though it is falsely touted to have such by Bitcoin shills all over the internet.
Once the lawsuit is finished, there will be nothing standing in the way of XRP finding true price discovery, and people who have gained massive amounts in other cryptos will be taking profits out and reinvesting them in undervalued assets like XRP.
I see a short squeeze from hell coming to XRP very soon!
Good luck, and always use a stop-loss!
XRP is about to start gaining ground against BTC rapidly!BTC has been utterly dominating XRP on the BTC vs. XRP chart for quite some time, but those days are quickly coming to an end. The price ratio is now looking like it is going to breakout of the descending wedge pattern, which will result in XRP gaining in price compared to BTC.
Good luck, and always use a stop-loss!
Massive wall of sell orders in XRP between current price and .68As of this post, there's a MASSIVE wall of sell orders between the current price, and the .68 cent level in XRP. This will be challenging to get through without some volume on the buy side, but if that buying volume does roll in, these sell orders will provide the liquidity required for those buys. If XRP bulls do manage to clear out this area of sell orders, and drive the price up, we could see a nice squeeze around the .70 cent level as shorts panic to exit their positions.
Good luck, and always use a stop-loss!
XRP is well on it's way to making gains that will shock people!XRP has been lagging behind the majority of the market for quite some time since the recent breakouts began market-wide, but this is, has, and will continue to be the case until it isn't. XRP has always had a knack for taking its time while other cryptos fly, then suddenly making up that ground in a matter of hours or days.
XRP is going to make gains over the next few years that will shock even those with the most ridiculous price predictions.
With everyone screaming "XRP is trash," "I sold all my XRP and I'm so happy about it," now is the time to be positioned for the inevitable rise to come. Remember, 90% of investors/traders lose money, so doing the opposite of the crowd will put you in the 10%.
Be the 10%!
Good luck, and always use a stop-loss!
XRP looks to be setting up for another run northward!The recent liquidation candle could be a very bullish sign for XRP price. As you can see from the chart, the Stoch MTM is showing a potential bullish crossover attempt. The last three times this happened, XRP price made decent gains shortly thereafter.
Good luck, and always use a stop-loss!
XRP Price Eyes $0.70 TargetCRYPTOCAP:XRP , the digital asset associated with Ripple, has recently witnessed a significant uptrend, reaching a new 2024 high of $0.65. Amidst this surge, developments in the ongoing SEC v. Ripple lawsuit have added complexity to CRYPTOCAP:XRP 's price dynamics.
Ripple's Influence on XRP Price:
Attorney Bill Morgan, a Ripple proponent, suggests that Ripple's influence on CRYPTOCAP:XRP 's price may gradually diminish as the payment remittance firm's holdings decrease. Ripple's strategic move to lock nearly 55% of CRYPTOCAP:XRP supply in escrow aims to enhance predictability and reduce volatility in the market. This development could potentially mitigate negative impacts on CRYPTOCAP:XRP 's price, fostering stability and investor confidence in the altcoin.
Technical Analysis and Price Outlook:
CRYPTOCAP:XRP 's price momentum remains bullish, with the altcoin surging towards its December 2023 peak of $0.70. Technical indicator, including the Moving Average Convergence Divergence (MACD), support CRYPTOCAP:XRP 's recent gains and reinforce the bullish thesis for the altcoin. To sustain its upward trajectory, CRYPTOCAP:XRP must surpass resistance at $0.6501 and establish it as a support level. Additionally, the altcoin could find support at the 78.6% Fibonacci retracement level of $0.6148 in the event of a price decline.
Legal Developments and Market Sentiment:
The ongoing SEC v. Ripple lawsuit continues to influence market sentiment and investor confidence in XRP. As legal proceedings unfold, clarity on XRP's regulatory status could potentially alleviate concerns and pave the way for broader adoption and investment. However, uncertainties surrounding the lawsuit remain, underscoring the importance of monitoring legal developments and their impact on CRYPTOCAP:XRP 's price dynamics.
Conclusion:
CRYPTOCAP:XRP 's recent surge to new highs reflects both positive market sentiment and strategic developments by Ripple to enhance the altcoin's stability and predictability. While legal uncertainties persist, XRP's resilience and bullish momentum position it as a formidable player in the cryptocurrency landscape. As investors navigate the evolving regulatory landscape and market dynamics, XRP's trajectory will continue to be shaped by legal developments, technical indicators, and broader market trends. Amidst this dynamic environment, staying informed and vigilant is crucial for assessing XRP's potential and navigating opportunities in the crypto market.
XRP Cup & Handle is playing out PERFECTLY!The XRP Cup & Handle formation that I identified a while back is progressing very nicely on the daily. It has now broken out of the handle formation, and will most likely be working toward the upper rim line at the .5744 level. Once broken, we can reasonably assume that XRP price will continue it's bullish move to the .6155 level, and the .6496 levels respectively.
Good luck, and always use a stop!
*** I apologize for the repetitive post. Tradingview has taken this chart down twice now.
XRP showing a beautiful cup & handle pattern on 4hr/Daily chart.XRP is showing a very nice cup & handle pattern on the 4hr, and hourly chart. I think we could see a very powerful breakout in the coming weeks. If so, this could trigger a short-squeeze that literally blows people's minds, as a large percentage of XRP is being held short right now.
There's also a nice bullish divergence in on the hourly chart that I'll show in the comments below.
Always trade with confidence, never trade with fear, and always use a stop!
XRP's rally today isn't the real breakout, but it's coming soon!Bitcoin bounce hard today taking out the 50K psychological barrier. Many alt-coins followed as well. Some like XRP rallied a little bit, but not too much. Why? Because, the money inflows right now are mainly focused on Bitcoin, and a few altcoins, but when the Bitcoin rally runs enough, cash will flow into cheaper alternatives.
XRP is showing a bearish divergence on the hourly chart, which most likely is indicating that the price action will fall back to, or near the lower trend line on the chart above. This same pattern played out not to long ago, and will likely repeat, as the people that missed today's rally will be looking for an entry point if/when it pulls back, and the additional money inflows will cause each following run to gain momentum until it ultimately breaks through the upper trend line, pulls back, bounces off it, then runs for a nice gain.
This is just my opinion, and in trading there are no guarantees or absolutes!
Good luck, and always use a stop. #NeverFOMO
The XRP hourly chart showing a bearish divergence.The crypto market as a whole has been moving up nicely recently. XRP has gained some ground, even though it hasn't moved near as much as most other cryptos. It is now showing a bearish divergence on the 1 hour chart, which could be a sign we're going to see a pullback.
I'd recommend caution here regardless of the cryptos you hold, just because we've seen seen many of them move significantly as of recent. Keep your eye on Bitcoin to be your primary indicator.
Good luck, and always use a stop loss.
A nice inverse head & shoulders pattern has formed in XRP.XRP is arguably the most hated crypto in the space right now, but it's forming a very nice inverse head & shoulders pattern on the hourly chart, and has just crossed the neck line. We could see a really nice rally right here if it holds above that neckline, if so, it may pull back to it, then bounce off it like a trampoline.
Other cryptos have been having nice rallies today, I think XRP might get it on a little of the action today.
Good luck, and always use a stop loss.
Warning! XRP looks like it's about to fall of a cliff!XRP has dropped below the bottom descending wedge trend line, and is now in very dangerous territory! If price fails to get back above the lower trend line, it looks like XRP will literally sh@t the bed, and fall off a cliff! If this is the case, we could see XRP in the lower .40's quicker than you think.
Selling into the market by short's opening short positions, forced liquidations from spent long positions, and panic selling by investors/traders who bought in the mid .50's hoping for a rebound, may cause 'The Perfect Storm!'
This will be very interesting to watch!
XRP may attempt to make a move to the .6239 level.XRP has of late been lagging behind many other popular cryptocurrencies, which has disheartened many long-term investors, causing them to abandon the XRP ship they've long treasured. I hold and am still adding to a long-term position that I will likely hold for many years to come, even though I am generally more of a day/swing trader than I am a long-term investor. But the charts do seem to now be showing the potential for a move to around the $0.6239 level.
XRP is one of those cryptos that likes to drag its feet until nobody is paying attention, then it makes a sudden, massive and unexpected move. Right now, with sentiment turning from positive obsession to sheer and utter frustration, in my opinion, could quickly turn into one of those times when XRP just kicks the doors off the charts and makes a large move very quickly!
Even though I'm bearish at this point overall, as a trader, I always keep my eyes open for potential profitable trades. Traders must be flexible and malleable to be successful, as trends tend to pop up out of nowhere and/or reverse on a dime. Not being willing to ditch an old idea, theory, or strategy and embrace change will keep you watching rather than participating.
Good luck, and always use a stop!
XRP WILL DROP 63% IN THE NEXT 45 TO 60 DAYS! Everyone is expecting the Bitcoin EFT to jolt crypto prices to the moon. This simply isn't going to happen. The mainstream media, and stock pundits have been extremely bullish about it, which is a sure sign that they are positioned, or positioning for the inevitable crash to come.
You can see the fractal pattern clearly in the charts, although exact ending price points, and turnaround dates of any massive drive are virtually impossible to calculate.
In my estimation, XRP will drop approximately 63% in the next 45 to 60 days.
Many look at this as a bad thing, but it is what it is. Align your trades and crypto purchases with the Market Maker's, and you will always be in the green. These moves are no accident, they are created by hedge funds like Black Rock, Vanguard and State Street to profit from. They have multi-billions of dollars at their disposal, and going against them is suicide!
I expect a small rally tonight or tomorrow as the last few straggler's position for what they think is going to be a breakout. They will most likely even throw a green breakout candle above the trend line to trigger the massive amount of buy orders in that area. Once triggered, the market will reverse and begin it's decent into red-candle-hell.
I'll be placing a short position today, and adding to it on any price gains heading into tomorrow.
Good luck!
XRP is breaking out of the wedge pattern, but...XRP is making a nice move northward breaking out of the wedge pattern it is currently in, but how long it will last remains to be seen. The indicators seem to indicate it's going to run out of steam in no time. Is it a bull-trap? We're about to find out!
Will XRP experience an epic PUMP, or an epic DUMP?The chart isn't really that clear right now, and could go either way. There's an argument that there's still a ton of room to the downside/about to fall off a cliff. And, there's also an argument that XRP is about to bounce like a kid jumping off the roof on to a trampoline.
What do you think?
The dreaded 4 o'clock candle of death! Market manipulation!As we all know, there's a group of people that will never be held accountable, that regulators will never bother, for whom 'ethical standards' do not exist, that constantly, and consistently manipulate the price of XRP to the downside while the vast majority of traders are tucked in bed asleep, clueless and oblivious, why their stop-losses are taken out, and in most cases long positions are being completely liquidated, and the majority of their hare-earned profits are stolen from them by large accounts.
It's called 'the dreaded 4 o'clock candle of death' for those of you aren't aware.
Even though every transaction is clearly registered on the blockchain for the world to see. Even though we can all see the accounts responsible. Even though it's clear manipulation, and clearly illegal.. NOTHING WILL EVER BE DONE ABOUT IT!
Pack your bags, accept your losses and move on because money isn't the name of the game - 'control' is!
P.S. Never leave your position open overnight if you're trading with leverage, because 'THEY' will come for your profits, and nothing will ever stop it, it will never change, it's just how the game is played - more for 'THEM' and less for everybody else.
Welcome to the unregulated wild-wild-west of trading.