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Could XRP Hit $500 Monthly Say Yes 🚀 Could XRP Hit $500? Here’s why it’s possible: Beyond the chart telling us that if it exactly mimics its last similar breakout that it will achieve over 500 consider the following 🌍 Global Adoption: XRP could become the backbone of cross-border payments, replacing trillions locked in nostro/vostro accounts. 💸 Utility: Fast, cost-effective, and scalable, XRP is designed for massive transaction volumes. 🔥 Scarcity: Every transaction burns XRP, reducing supply as adoption grows. ✅ Regulation: Legal clarity will open the floodgates for institutional adoption. 📈 CBDC Integration: Ripple’s work with central banks positions XRP as the bridge for global currencies. 📈 Stablecoin Integration: Ripple’s RLUSD stablecoin enhances XRP’s ecosystem, facilitating seamless transactions and boosting demand. A $500 XRP isn’t just hype it’s the future of global finance. Many do not understand this asset #XRP #Crypto #Ripple #Finance
BITSTAMP:XRPUSDLong
by JasonTrading589
3
Ripple's Bullish Trend Holds Above 100-SMA with Target at $0.565FxNews — Ripple gained 3.7% today, trading around $0.533, testing the upper line of the bearish flag and the 50-period SMA. On the 4-hour chart, today's price jump created a bullish Fair Value Gap, while the Stochastic Oscillator is nearing 80, indicating a potential overbought condition. The RSI has dipped to 65, just below overbought levels. Despite these signals, XRP/USD remains above the 100-period SMA, maintaining a bullish trend. Forecast Immediate support stands at the 50% Fibonacci retracement level of $0.517, backed by the 100-period SMA. If XRP stabilizes below $0.531, the price may fill the FVG near $0.517, possibly reaching $0.511. The bullish outlook holds as long as prices stay above the 100-SMA, with the next target at $0.565 after a brief consolidation. Support: $0.517 / $0.611 Resistance: $0.548 / $0.565
COINBASE:XRPUSDLong
by FxNews-me
XRP AND WHERE WE STAND 🔥 Hope everyone's been well! I've mainly been busy with work so haven't had the chance to post till now but again hope everyone has been alright and well! I'll be sure to keep this quick and concise. 🔥 Following up from our last idea we can see the turnaround from our Death cross with us having regained that 200 EMA. Here's a chart picture for reference from a couple days ago I took: 🔥 I highlighted those peaks to watch out for a breakout and that brings us now to today's chart: 🔥 I've added this blue dotted line to signify our resistance, if we get any breakouts or bullish runs watch that blue line for what'll be resistance no doubt, that being said if we can break it again I can see us breaking out of the 0.60 cent range soon enough with how things have been. 🔥 With the Fed Rate's Cut of 0.5 percentage points that's no doubt raised sentiments as of lately and the market's seemed to love it, especially crypto with Bitcoin leading the pack from it's low of roughly $54,000 in September to $64,000 signifying this bullish sentiment. 🔥 That being said the 200 EMA's are playing a huge role in things for technical traders so I'd keep an eye on that but we've got something else to note: 🔥 When we look at the big picture for the last month or two we see that we're in this sort of middle point, we've seen 0.45 to 0.66 cents in a relatively short period and we already see how dramatic the market can be, so do keep that in mind, whether or not we lose or keep that 200 EMA can help determine whether or not we can get a possible breakout or if we'll fail to sustain that pressure and retrace, reverse course. 🔥 I've got to run but wanted to put something out while I had the chance, overall even if we fall and retrace, things look bullish especially with XRPL development the future looks bright for XRP regardless of what the charts do, that's the biggest picture note I've got. 🔥 Thanks for tune in as always and wishing well till next! Have a great day and keep up all that you do! ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
XRP DEATH CROSS AND WHAT TO WATCH FOR 🔥 Hey hey, sorry it's been a couple days since I've been able to post, been working everyday so I haven't had any time but I do have a bit of time before work today so figured I'd pump out an idea for you guys here, and as always, thanks for tuning in! 🔥 In my last idea I brought up that death cross, it was looking like we we're about to have a death cross form and well, that's exactly what happened. Here's a quick chart from the other day in which we saw our chart already fighting to regain that 200 EMA on the hourly but unfortunately bulls weren't able to get that done and bears took over. 🔥 Gonna keep this idea short and simple since we already know we're in a death cross. We already knew that was likely going to happen once we lost our 200 EMA so now what we'll be looking to and watching out for is price action above 0.514. These horizontal levels are pretty prevalent and no doubt traders are acting off what we do here and here's a 15 minute chart: 🔥 Off the 15 minute chart alone we can see how we're slowly making our way back up and looking to regain that 200 EMA soon enough, that being said we'll likely regain the 200 EMA soon on the 15 minute timeframe but we'll need to regain it on the 30 minute and hourly to get a solid bullish confirmation before traders will throw money at XRP again so till that happens expect waters to be choppy. 🔥 So watch those horizontal levels, when we're below a level it'll act as resistance and when above any level it'll act as a support so watch for that as well as this new annotated descending channel which is highlighted in the blue lines to show off this descending channel that's formed since we lost our 200 EMA. That's helped bears push price action down so another bullish confirmation will be when we break out of this channel so bear that in mind. 🔥 I have to go but I wanted to give you guys a few things to look at for reference while I'm out, anyway thanks for coming by as always and thanks for tuning in, wishing all the best till next! ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
XRP Death Cross?⚡ Hey hey, hope everyone's doing well, short and quick idea here for you guys, we'll look at what could possibly be a death cross forming on XRP's chart. And as usual here's a quick reference to our previous idea, chart. ⚡ Off that we can see that we we're at that pivot point and we did make note to watch for a breakout or fall, wild to see what's happened since then, we did indeed get the breakout we were looking for before hitting that next resistance at our horizontal level above which is fair enough, we know those levels are important to the market bears ended up winning for the day knocking bulls back down but that's only after the fact that a higher high was established. ⚡ So it's great seeing that but here's the kicker, on our 45 minute chart as shown below, we could possibly be entering a death cross soon, check it out. ⚡ We've already seen what happened when we got that Golden cross at the beginning of the chart on the 19th which basically kickstarted this rally and we've been able to steer clear of the 200 EMA, till now that is. We're just barely skimming it but if we end up converging and fall below it then expect some bearish price action to keep it simple. ⚡ And on the 15 minute chart above we can already see the effect by which we've reversed and lost t hat 200 EMA so it'll be a matter of whether we can avoid losing the 200 EMA on the 45 and hourly charts, if we lose it on the hour then definitely expect some retracement is all. Hopefully not but if it happens it happens, it's just the market's ups and downs. ⚡ Have to get ready for work but thanks for coming by, appreciate the words and support as always, have a great day. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
IMPORTANT QUICK XRP UPDATE!💥 Hey hey, hope all is well, we're kind of in the moment with things here so gonna keep this idea real short and simple. Thanks for coming by and for reference I'll put a link, chart below for our previous idea as reference: 💥 In our previous idea we we're watching that dotted support above the 0.58 cent line as well as our 20, 50 EMA's to see if they'd converge and shocking as it is they've managed to avoid it on the hourly, that being said the 15 minute is a bit different but we'll look down below for that: 💥 Quick and basic 15 minute chart here for you guys, we see there's been a couple times where our 15, 20 EMA's have flipped but what matters here is that 200 EMA. Regardless of our 20/50 EMA's we've managed to keep above that 200 EMA overall and bulls have taken to that with this big push back up above 0.61 to where we'll now have this next pivot, fight no doubt. 💥 Definitely set an alert for 0.615 if we break that and get a possible breakout, it's definitely a possibility though I do want to caution the fact that we're pulling away a bit from our 200 EMA and that's gonna make it easier for our 20,50 EMA's to converge at some point so keep an eye on those, we're already seen what happens when we overextend, take a look at the 20th for example, we see that the EMA's we're able to flip and we got that big drop from 0.61 to 0.59 so be mindful. 💥 I have to go, busy as usual but thanks for taking the time to read through my quick update, wishing the best till next and make sure to keep tuned, thanks and have a great day! ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
3
XRP QUICK FOLLOWUP! ⚡ Hey hey, hope everyone's doing well today, simply wanted to make a quick follow up from our last idea is all and this won't take too long, thanks for coming by! ⚡ In our previous idea we spoke on XRP's jump and how we'd gotten that golden cross and regained the 200 EMA. So far that's still the case and thankfully we've managed to avoid losing, crossing over our 200 EMA and our 20,50 EMA's have been pretty good so far as well even avoiding a convergence when we nearly fell below 0.59 cents. ⚡ That being said we can identify this support above the dotted line which is annotated with that support above 0.58. Would recommend setting an alert there in case we do fall and lose that support be which our next point of interest for support could possibly be 0.575 or 0.56 even if it comes down to that. ⚡ Can see how we're still fighting to break 0.61 but it was nice to see us form a higher high after falling from our first peak at 0.604 so that's been positive to see. Main thing I'll be keeping an eye on is our 20, 50 EMA's and whether or not we can form a higher high and close above 0.61 for the day or if we'll miss the mark and enter a bearish position. ⚡ Main thing is that we keep above that dotted line of support in at the very least, off past price action we can see that 0.58 and above has acted as a good support already so that should be a good reference point and we're gonna aim to hit 0.61 again and close above it if possible by which we'll continue to be bullish as long as our 20, 50 EMA's can avoid converging. ⚡ I'll end the idea here since I did say it was going to be short but keep an eye on the 20,50 EMA's and that 200 EMA if we do end up retracing and crossing over that as well. I'll keep you all posted as usual so make sure to keep posted for more as always and thanks vm for the continued support. Wishing all well and many blessings! ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
5
XRP Jumps! Ready for movement? 🔥 HI HI, hope everyone's doing alright today, this idea won't take too long so feel free to tune in for a short bit, thanks as always! 🔥 Before we speak quickly on XRP we'll look towards Bitcoin, Bitcoin's still in a bearish position being below it's 20,50 and 200 day EMA as displayed with our chart below: 🔥 Bitcoin would need a daily close above $58-59,000 to affirm an uptrend, we keep on failing to maintain any real uptrend so far, not to mention we keep losing our 200 EMA and until Bitcoin can start flashing bullish signals traders undoubtedly will keep shorting BTC understandably so that's something to take note of. 🔥 That being said XRP's taken a different route and we're not seeing much of a correlation between the two, especially after our recent news of the UAE's adoption of Ripple which has since formed a stark difference between BTC and XRP's charts. 🔥 Now let's get to the highlight of the idea here, I've got our hourly chart below depicting XRP's price action since August and we can pull a couple things from it though the main thing here is where we get hit with resistance. The horizontals are the same as ever and it's clear that we face resistance at 0.624 and 0.64 as we can see below: 🔥 That's something we should keep in mind since we'll face a fight there should we come back u to those horizontal levels soon so make sure to mark those for future reference. That being said XRP's looking positive, we've got this golden cross and we may just be headed for a comeback if we can sustain above 0.58 cents and avoid losing that 200 EMA though as usual we'll have to see if bulls can sustain price action up here. 🔥 I said this idea would be short and we'll leave it at that for now but definitely set some alerts and keep an eye on that 200 EMA as well as the lower EMA's. I'll keep you guys posted but I've gotta run, thanks for joining me for a bit, appreciate it! ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
XRP INSANE NEWS! DUBAI PARTNERSHIP! 🌠 Wow wow, didn't expect to be writing an article like this for XRP, let alone so soon but here we are! This is some pretty sudden news so I'll keep it short and simple and before we start we'll put down a reference chart of what we're looking at right now on the three minute chart for XRP and I'll add some links to the articles, announcement below as well. 🌠 Much like a shooting start XRP has shot straight across the sky or in this case, straight up amongst the breaking news now of it's UAE partnership! In a shocking revelation Ripple through an official announcement has announced plans to work and partner alongside the UAE's DIFC Innovation Hub which is the innovation ecosystem of the Dubai International Financial Centre or DIFC for short. This will allow XRP to accelerate it's blockchain and digital assets innovation in the UAE as the article puts it. 🌠 For those that aren't too familiar, the Dubai International Financial Centre is the leading international financial hub in the Middle East, Africa, and South Asia, this amongst XRP's SEC case in the USA signals an expansion which as I imagine many investors will take a liking too, especially when we look at how hostile the USA, SEC more specifically has been when it comes to crypto and the digital asset space. 🌠 This marks a significant step in the path for XRP becoming a real digital asset that will one day come to affect billions of lives as Ripple continues to make headway and create new partnership's and expand, grow as it continually has since being founded in 2012. This is a huge step for Ripple and will only lead to more adoption and help Ripple establish a stronger foothold in the financial world no doubt pulling a lot more attention and eyes no doubt. I'll leave a link to one or two articles below for reference if anyone would like to read more into the news. 🌠 Wanted to get something out real quick for you guys since it seems the market's just picking up on this news and I thought you guys may like some positive news! Here are the links below as well to the announcement and some additional articles on the subject. Technically wise to keep it simple, I'm not paying too much mind, things are going to be volatile as the market takes the sudden news so we'll keep updated on that for more as usual. Thanks for tuning in as always with me and feel free to leave a like and follow for more updates as always! May you all have a blessed day. ripple.com www.bitcoinsensus.com ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
XRP NIGHT ANALYSIS!🌧 Hey hey, thanks for tuning in, hope everyone's doing well, thought it'd be a good night for a quick night analysis so thanks for coming through, this won't take long and here's a reference, link to our previous idea: 🌧 In our last idea we already knew things we're going to get moving pretty soon thanks to that tug a war and ultimately we can see how bulls ended up winning with that one before that resistance kicked us back down at 0.65 thus prompting our fall, especially once we'd lost that 200 EMA. 🌧 That being said here's a 15 minute chart which should make things a lot clearer! 🌧 15 Minute chart makes things pretty clear, we see everything from the loss of the 200 EMA to our descending channel which we're in. Like I said in that previous idea, definitely watch those horizontal levels, can see just how crucial they've been and we may end up retesting 0.541 soon enough if we can't get out of this descending channel though that'll depend on when our 20, 50 EMA's decide to converge and bulls get their grip back. 🌧 Main thing I'll be watching for now is this descending channel and if we get a retest at 0.54 or keep above 0.55 in the least. Just looking for support right now and that being said if we can keep that then we'll get another go at facing that 0.60 cent level which continues to be a fight understandably. 🌧 I'll leave the idea here for now but I simply wanted to come through with that and share some quick thoughts and views is all, thank you for taking the time with me today as always, I appreciate you all and wish nothing but the best. Blessings till next. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
2
XRP AND THE TUG OF WAR! ⚡️ Hey hey, hope everyone's well as always, wanted to make a real quick tune in and follow up to our last idea so let's take a quick look and here's a chart and link to our previous idea for reference and thanks for tuning in: ⚡️ In that previous idea we we're considering XRP either getting ready for a breakout or possibly falling and on that note I'll attach a 30 minute chart which will help us look at things on a better scale: ⚡️ Off the chart we can see that since our previous idea, we have in fact exited that ascending channel however we haven't fallen! Instead we can see this fight that's playing out between bears and bulls. Based off past trading action most of you guys that have been with me already understand what we're looking at. We've got a horizontal channel which has formed or a 'tug of war' as I like to call it! ⚡️ Based off what we can see it's easy to identify our support and resistance levels which I'll be setting some alerts for, those alerts at 0.59 and 0.60 should help us keep tabs on when price really moves. With this horizontal channel having formed it's a tug of war between both teams until we get a break out of the channel, what matters then, will be which way we break out of the channel notably. ⚡️ You already know, we break below the channel and lose that 200 EMA then chances are more than likely we'll fall till we hit another strong support level which we can't be certain of since we don't exactly have any levels on the local timeframe so definitely be wary if we do fall and watch my solid horizontal levels below for support at 0.541 and 0.55 if it comes down to that scenario. That being said and all, we can always break to the upside and get a breakout, that's a possibility of course but there's one thing I'd like to say before finishing this idea. ⚡️ XRP is in a crab market currently which is a stock trading reference to a market that's a bit indecisive, basically meaning that the market's trading in a sideways and rather neutral manner, things may not exactly be bullish but they aren't bearish either, lately what's been driving price action the past few weeks has been these channels we've been moving through, not news as we've become perhaps a bit too accustomed to this year with so many announcements and events. ⚡️ So please do take that into account, the markets in sort of a neutral territory right now and we may be in this sort of stagnant up and down cycle for a bit until we get some news or some real catalyst and reason for traders to either be bullish or bearish, that's more than likely why price action has been rather slow these past few weeks. ⚡️ I've got to run, busy day as usual but thanks for stopping by and I'd love to hear some thoughts from you guys as always, simply doing what I can and sharing a thought or two when I can. Thanks for the support as always, make sure to keep tuned and blessings till next! ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
3
XRP READY TO FALL OR BREAKOUT? ⚡️ Hey hey, hope all is well, wanted to come through with a quick ta before we catch some sleep so feel free to tune in for a quick read, and thanks as always. ⚡️ Since my last post we've managed to avoid falling further instead now forming what's become this ascending channel which has helped us to get all the way back up and break past 0.61 again before we understandably hit that resistance at 0.63. ⚡️ Being where we are right now, it's been great that we've managed to avoid losing this ascending channel, not to mention we've avoided losing our 200 EMA on the 45 minute timeframe but whether or not we can continue that will likely come to be seen within the next few hours, if not sooner. here's that 45 minute chart below: ⚡️ I've added a few annotations but the 45 minute chart helps us see things pretty clearly, since our original test of support at 0.54 and thanks to this ascending channel we've managed to avoid crossing paths with our 200 EMA only touching once before bulls helped with a big buy order to push us back up and avoid crossing. ⚡️ That being said, we failed to break above 0.63 and form a higher high, now that doesn't mean we're instantly bearish, we can see that we hit that resistance at the ascending channel's top, just like we have our support line which has helped us avoid falling further, we're gonna have our resistance line as well, simple enough. ⚡️ To keep things short and simple, bulls want to keep within the ascending channel and aim to break 0.63 for a possible breakout and bears will want us to lose our channel. If we slip and fall out the channel and our bars end up crossing paths with that 200 EMA again, then expect bears to take a lead and push us down like we went through last time. I'll be watching the 20, 50 EMA's to see if they flip, so far they haven't but if they do flip and cross over each other again then watch that 200 EMA for bearish or bullish confirmation depending on whether we can avoid or if we do end up crossing over that 200 EMA. ⚡️ I have to go, simply wanted to put out something quick for you guys, curious to see how this plays out over the next few hours and days! Keep tuned for that of course, talk to you guys in a bit and thanks for the support as always! ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
3
XRP QUICK NIGHT TA!🔥 Hey hey! Hope everyone's doing well, got some free time and wanted to get a quick TA and follow up here from our last idea. It'll be a quick but important idea. And thanks for joining me as always! 🔥 In our most recent idea we added in this ascending channel with the blue lines, I've extended it in today's idea with the red lines for reference. And here's a link and image of the previous idea: 🔥 Following off from that we'll take a quick look at what's happened since and some smaller timeframes. First thing to note is that as we spoke on in the previous idea, we we're anticipating a possible reversal and retracement, especially after the big rally we'd experienced. Can see how once we lost that ascending channel we really got some sell pressure before getting that support at 0.541. And for reference here's our 15 minute chart: 🔥 I've added two annotations for reference to highlight the two points of interest as of currently. First things first, can see how once we lost that 200 EMA bears basically took over before that support at 0.541 hit back ultimately helping us regain that 200 EMA and pushing us to our next highlight! 🔥 We're at this horizontal channel now and if I had to say from past trading action and behavior, we'll more than likely be seeing some sort of breakout soon enough, now whether or not that happens depends on the 200 EMA, we're familiar with that 200 EMA by now and it's effect so what happens next will more or less be based off whether or not we can stay afloat and above that or if we'll lose the 200 EMA again being that we've failed to form a higher high already and tested that support at 0.541 so definitely set some alerts for 0.541 and 0.610 if you want to keep tabs on things. 🔥 Said this was going to be a quick idea and that's that. Just wanted to follow up and highlight a couple things for now but I'll definitely keep you guys posted and thanks for joining me once again as always, many blessings and good wishes till next! ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
2
XRP IS ALIVE AND SO AM I! ✨ Before I start I just want to give thanks to anyone who's here, I really appreciate it and it means a lot to have you guys here. The past few weeks for me have been a lot to say in the least, been dealing with a lot and I haven't had the opportunity or chance to post thanks to all that unfortunately. ✨ That being said, we're back at it, and I'm hoping I can get back to normal with things, still dealing with a lot of course but I owe it to you guys to get back to being active, even with everything going on so thanks all the more for being here. ✨ It's been a rough month for the market in general, especially crypto as interest rates and inflation have battered us. On top of that we saw Bitcoin fall in a dramatic move which prompted the fall of other crypto's and the market overall before rallying this week back above that $65,000 mark in a sign of resilience however here's where we'll have another challenge. Bitcoin's going to have to keep above $62,000 at the very least to keep bullish and it'll have to break $66,000 in order for traders to be able to target and look to new and all time highs. ✨ Now Bitcoin isn't XRP of course but we are well aware by now that Bitcoin's price can be a lead indicator, a strong indicator at the very least for crypto as it usually drags the market with it thus another reason for why we've seen this dramatic rally in XRP this week as XRP alongside the majority of the market followed Bitcoin up. So now the markets holding it's breath waiting to see what Bitcoin does. ✨ As for another catalyst to this XRP breakout I've added a quick chart below highlighting the intersection and where that breakout started, we can see how we exited the blue wedge and regained the 200 EMA which allowed for us to get this golden cross and that's helped XRP rally. ✨ Next to look to is our ascending channel on the 45 minute chart displayed below which makes it clear that we've got this ascending channel that's helped to further boost XRP's price and rally. I see us getting a big retracement and falling if we end up slipping out and below the ascending channel as we don't have any support points to look to on the local time frame aside from our horizontal levels by which we'd take 0.515 as one support level and presumptively the levels below should also act as supports unless broken. ✨ I'll leave the idea here so we don't make it too long but yeah, keep an eye out for what'll likely be a retracement or some sort of reversal after such a rally. As much as we love seeing prices move up we always have to consider the alternative and be aware that sometimes the market's going to want to relax and cool off a bit, especially after a rally. And if we do end up losing that ascending channel then please look to that 200 EMA for a bearish, bullish confirmation. ✨ I have to go right now but I wanted to get something quick out for you guys, again apologies for the delay, it's just been a rough few weeks but I'll be back and active with it so thanks for the support, especially to those that have been with me for so long, thank you my friends. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
3
XRP Investment Strategy: Capitalizing on a Bullish TrendXRP is currently experiencing a bullish trend, trading above $0.4720 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line with support at $0.4760, indicating a potential upside break if it can surpass the $0.4840 resistance zone. If successful, the price may target the $0.4880 and $0.5050 resistance levels, with further potential to reach $0.5120 and beyond. However, if XRP fails to clear the $0.4840 resistance, it might decline towards the $0.4765 and $0.4740 support levels, potentially falling to $0.4640 if these supports fail. Given the current bullish trend and potential for upside movement, consider the following investment strategy: Entry Point: Buy XRP if it closes above the $0.4840 resistance level, indicating a potential breakout and continuation of the bullish trend. Short-Term Targets: Aim for profit-taking at $0.4880 and $0.5050, with a possibility to extend to $0.5120 and $0.5250 if bullish momentum continues. Stop-Loss: Place a stop-loss order below the $0.4740 support level to mitigate risk in case of a downside break. Monitoring: Keep an eye on the $0.4840 resistance level. If XRP fails to break this level and shows signs of weakness, consider a more cautious approach or partial exit to protect your investment. This strategy balances the potential for gains with risk management, ensuring you can capitalize on the bullish trend while minimizing losses in case of a reversal.
BITSTAMP:XRPUSD
by bbitar
XRP Price Likely to Fall Again: Understanding The Key DriversXRP's price has been falling continuously below the $0.480 level, similar to what happened with Bitcoin and Ethereum, dropping below $0.4650 down to $0.4620. The price formed a low at $0.4619 before it recently began to recover. The price saw a noticeable upward movement above the $0.4700 and $0.4720 resistance levels, even surpassing the halfway mark of the Fibonacci retracement for the recent downward wave from $0.4885 to $0.4620. However, sellers are still active around the $0.4780 area, defending the 61.8% Fibonacci retracement level of the same downward wave. There are also significant downtrend lines forming with resistance at $0.4770 on the hourly chart for the XRP/USD pair. Currently, XRP is trading below $0.4800 and also below the 100-hour simple moving average. From the upside, the price faces resistance near $0.4770, with the first major resistance near $0.4800. If the price successfully surpasses the $0.4800 resistance, it may head towards the $0.4885 resistance. The next significant resistance is at $0.5050, and a close above this area could push the price higher. The following main resistance is at $0.5250, and any additional gains might direct the price towards $0.5500. On the other hand, if XRP fails to overcome the $0.4800 resistance area, it could start recording more declines. The initial support on the downside is at $0.4685, and the next significant support is at $0.4620. If there is a downward break and close below $0.4620, the price might gain bearish momentum. In this case, the price could trade even below the $0.450 support in the near future. Recommendation... Sell or Buy? Based on the data and XRP price movements and current resistance and support levels, the market seems headed towards more short-term selling pressure for several reasons. One is that XRP faces solid resistance at $0.4800, and its repeated failure to exceed this level indicates weak upward momentum. Another reason is that XRP trading below the 100-hour moving average suggests a short-term downward trend. Therefore, if XRP fails to break the resistance level and starts to decline, this might increase the selling pressure, making selling a reasonable option to reduce losses or avoid larger drops. However, it's beneficial to monitor the market for some time to see if XRP can break the resistance and confirm an upward trend before making a decision. Remember, managing risks and setting acceptable loss limits is crucial in cryptocurrency trading due to its high volatility.
BITSTAMP:XRPUSD
by bbitar
XRP'S ASCENDING CHANNEL FOLLOW UP! 🔥 Hey hey, hope everyone's been well, here we are once again, coming through with a quick follow up for you guys on behalf of our previous idea. As always, thanks for joining me for a bit, appreciate it! 🔥 In our last idea we added that ascending channel and highlighted the fact that we didn't want to lose it else we'd likely fall and that's exactly what ended up happening. Here's a link to the idea, chart below for anyone that'd like to check it out: 🔥 We already knew we we're testing that support since we'd already had one touch there and we're fighting with the 200 EMA before we ultimately lost it, compare that to today's chart and we can see how we've been flowing through these channels which I've now added in the blue lines to make things simple. 🔥 The ascending channel took us down before we hit that support at 0.5146 by which then once we got that retest of the horizontal level bulls we're able to reverse things and we've even managed to regain the 200 EMA which is just great to see of course. That's what we like. In reference to the ascent I've added this ascending channel which we can see in depth below on a shorter time frame: 🔥 Judging by our current ascent, what matters is whether or not we keep above 0.526, if we can't keep above that horizontal level and our 20, 50 EMA's flip then expect some sort of retracement, especially if we lose that 200 EMA again. Just keep an eye on the horizontal levels which are in black and our ascending channel (within the blue lines). That's about our best reference points for now. 🔥 I've got to run, said this idea would be short and quick and so we'll leave things there for now, simply wanted to share some thoughts and all real quick with this follow up, we'll do a bigger picture analysis over the week too so keep posted for that! Thanks as always and till next, have a great day! ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
5
🔥 XRP'S ASCENDING CHANNEL 🔥🔥 Hey hey! Hope everyone's doing well, this is gonna be a pretty quick idea so feel free to tune in for a short bit, thanks! 🔥 In our last XRP idea, chart which is linked below we added in this ascending channel and some horizontal channels to help keep a reference on the chart. 🔥 Since that idea we see a couple things have happened notably. I've extended the ascending channel with some dotted lines to represent the before, after. First point is that we managed to find support again at 0.525 and rebound, even after we'd lost the 200 EMA which brings us to where we're at now. So we managed to avoid losing our ascending channel and regain the 200 EMA again. 🔥 I'll keep this simple, we're at a pivot point, if bulls can manage to keep us from falling and losing the ascending channel then they can use it as a support and that'll help us push for higher prices. We did manage to hit that 0.537 before retracing so if we can pull back up, I'd expect it to give us a fight with 0.54 being the main battle. We break that and we could possibly see a breakout should we form that higher high for the last couple days. 🔥 Another case is that we lose the 200 EMA, we fall below and out the ascending channel and fall hard by which I'd refer to the horizontal levels we have to test for support and resistance levels should that happen. 🔥 Said this idea was gonna be quick and I have to get ready for work so we'll leave things there, simply wanted to come back to our chart and go over a couple things we're looking at currently. I know it ain't much but I simply wanted to make a quick follow up for now and we'll do a deeper technical analysis for our next idea. 🔥 Anyway, thanks for joining me for a bit, appreciate all of you guys as always! Here's to a good future for crypto. As always, many blessings till next and Keep tuned for more. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1