XRP/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this XRP/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- the price has held above the 200-day moving average, around the $0.5 mark, over the past few weeks. However, the price is currently testing the 200-day moving average. If this moving average breaks down, the price will drop quickly towards the $0.43 level.
On the other hand, if the price rebounds from the 200-day MA, this could lead to a bullish move towards the $0.55 resistance zone. Yet, given the RSI indicator showing values below 50%, it is more likely that the bearish scenario will play out.
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Xrpshort
#XRP - Where the price will go?#XRP
Currently #XRP is in the range between 0.56$ (resistance) and 0.47$ (support)
As the coin is in the downtrend, I would set limit orders to short from resistance levels (red lines) that you can see on the chart and would keep my shorts till very strong support levels (green lines on the chart) where I expect to see significant bounce.
To be more clear:
1. The coin is in the range. Breaking through resistance level (blue line) can lead the coin up until 0.567$ where it can reject and return to 0.479$ level.
2. #XRP breaks through 0.567$, in this case the way to 0.67$ opens, where we can see rejection and price return to 0.567$ and probably below.
3. #XRP breaks through all resistance levels and in this case we can see the coin at 0.817$
4. Coin consolidates, closes with 4H candle at 0.47$ and below in this case the way to 0.3627$ opens and probably we will be able to see the coin lower.
XRP TECHNICAL ANALYSIS \ STOP LOSS INDICATORS BITFINEX:XRPUSD
On the daily chart
Broke out of the pendant and dumped
We break into the red box > I/m shorting
Break into the green I’m running long game
Possible pattern occurring in relation to the previous Bull flag formation
We may trade sideways for a little and break to the upside again
Who knows. I sure don’t.
XRP/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this XRP/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- XRP, formerly Ripple, had significant declines on Friday, falling to a multi-month low of its own.
After climbing to a high of 0.5852 on Thursday, XRP/USD dropped to an intraday low of 0.4681 later in the session.
The move saw XRP dive to its weakest point since May 16, when the price traded around the 0.4300 region.
This drop saw the token marginally break out of a critical support point at 0.4600, wiping out all gains accrued following the ripple ruling.
price strength is now oversold, which prompted bulls to reenter, pushing XRP slightly higher.
the token is trading at 0.5087.
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XRP/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this XRP/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- XRP, which fell by as much as 5% during today’s session.
After peaking at 0.6623 during yesterday’s session, XRP/USD plunged to a bottom at the 0.6253 level.
XRP, formerly Ripple, has been on the decline since its peak of 0.9479 on July 13, which was a 20-month high.
The latest drop coincided with the RSI failing to break out of a key resistance zone at the 46.00 region.
In the event momentum remains bearish throughout the week, XRP could be moving towards 0.5000.
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XRP/BTC 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this XRP/BTC update by CRYPTO SANDERS.
CHART ANALYSIS:- Against BTC, XRP’s price has been decisively rejected to the downside by the 2,800 SAT resistance level. The cryptocurrency is currently on a steep downtrend towards the 2,200 SAT area.
In case the level holds, XRP is likely to attempt the 2,800 SAT area again in the next few weeks. Conversely, a breakout below the mentioned level would result in a deeper pullback, with the 50-day moving average being the probable short-term target.
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XRP/USD 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this XRP/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- against USDT, the price has been constantly declining after being rejected from the $0.9 resistance level. The market is likely targeting the 50-day moving average around the $0.6 support level.
The 200-day moving average trending near the $0.5 mark is also another key support that the price would test in case of a breakdown of the 50-day MA. In any case, the market seems more likely to rebound from these levels and start a new bullish phase.
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XRP/USD 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this XRP/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- XRP, formerly Ripple, remained in the red during today’s session, as the price fell to a multi-week low.
Following a high of 0.6971 the day prior, XRP/USD slipped to an intraday low of 0.6589 earlier in the day.
This is the weakest point that XRP has hit since July 13, when the token was trading below 0.4700.
That day also saw XRP hit its highest point since December 2021, after it was ruled by a U.S. judge not necessarily to be a security.
sentiment has been largely bearish, with the latest sell-off coming as the relative strength index (RSI) broke out of a floor at 49.00.
the index is tracking at 48.60, with the next visible point of support at 45.00.
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Ripple: 1H analysis (LONG🟢)Hi guys
I hope you have used and benefited from the previous analysis.
In the hourly analysis of Ripple, we see an inverse head and shoulder formed at the end of the downward trend, the neck line of which is 0.47. In case of strong breaking of this area, the price can move up to the resistance of 0.481.
If the price crosses 0.462 and then 0.4585, this analysis is invalid.
XRP Faces Rain ☔️ BTC & Altcoins Bullish Potential? 🐂While the crypto summer shines bright for most ☀️, XRP finds itself under rainy skies. 🌧️ This indicates a bear market 🐻 and a downward trend. 📉
ATTMO's short-term and one-week forecast predicts a slightly bullish market for Bitcoin and most cryptocurrencies, signaling upside potential. 📈✨
Stay updated with our crypto weather reports and follow us for more insights!
XRP is preferred to sell into rallies.XRP - 24h expiry - We look to Sell at 0.4989 (stop at 0.5089)
Bespoke resistance is located at 0.5000.
The medium term bias is neutral.
We look for a temporary move higher.
Trading has been mixed and volatile.
Preferred trade is to sell into rallies.
Our profit targets will be 0.4739 and 0.4709
Resistance: 0.4820 / 0.4920 / 0.5000
Support: 0.4760 / 0.4700 / 0.4650
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XRP Faces Stormy Outlook⛈️Sunny weather with a few scattered clouds 🌥️ lies ahead for the global crypto market, translating into a slightly bullish market with upside potential in the next 24 hours and over a one-week horizon. The crypto universe is boosted by various ETF news and increasing interest from institutional investors.
Ripple’s XRP 🌧️ bucks this positive trend, with rainy conditions ahead – bearish conditions with downside risk.
Follow us for more crypto weather predictions!
XRP short opportunity after the drop below $0.5The recent selling pressure forced XRP prices below $0.5 on Tuesday. However, the trend remained bullish on the daily timeframe.
The structure was flipped bearish on the H4 due to the dip below $0.5, but it only showed a change in character and not structure.
Therefore using the 50% Fib retracement tool, an H1 session close below $0.517 and retest of the same can be used to enter a short
Target is the 23.6% extension level at $0.4725. A move further south is also possible depending on BTC's strength at $25.2k
Entry: $0.517 (after H1 close below $0.517 and subsequent retest)
Stop-loss: $0.54
Take-Profit: $0.4725
Note the idea is only valid after H1 close below $0.517, and remains risky even then due to the rising OBV
XRPUSD Sell TF D1. TP = 0.3356 On the daily chart, the trend started on March 30 (linear regression channel).
There is a high probability of profit. A possible take profit level is 0.3356
But do not forget about SL = 0.5866
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelieveInTrading