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Xrpusdanalysis

XRP Downside Risks 24h & 3D ☁️; Price Recovery in 7 Days? ☀️John Deaton, a pro-crypto lawyer, confirmed that he will run as Republican Senate candidate in Massachusetts against the incumbent Senator, Democrat Elizabeth Warren. “I’m excited for the opportunity to fight for change, and for the people of Massachusetts in the United States Senate,” he said. Deaton represents over 75,000 XRP holders as amicus counsel in the ongoing court battle between Ripple Labs and the Securities and Exchange Commission. The price of XRP fell 3.3 percent to 54 cents over the past 24 hours. Trading conditions for XRP are going to be mixed over the next couple of days. Further downside is forecasted by ATTMO for the next 24 hours and 3 days, with some returning over a one-week horizon. Follow us for more crypto weather reports!
Short
by ATTMO
Will XRP army finally see some sunshine?After experiencing an initial surge of around 50% alongside the broader crypto market back in November of last year, the price action of BITSTAMP:XRPUSD has been rather disappointing for the XRP Hodl army, characterized by a consistent pattern of lower highs. However, recently, following a new test of the 0.5 zone, the cryptocurrency has shown signs of life and begun to ascend. Currently, the price is flirting with a descending trend line, and although a clear upside break hasn't occurred yet, the likelihood of it happening is considerable. Should such a breakout occur, after enduring long-term frustration, the price could accelerate upward, with 0.75 serving as a potential target for those who aren't entertaining fantastical scenarios such as XRP reaching $10 USD or beyond.
BITSTAMP:XRPUSDLong
by Mihai_Iacob
1
#XRP (Ripple) Technical Analysis and Trade IdeaXRP exhibits clear signs of bearish pressure on both weekly and daily timeframes. The formation of lower highs and lower lows signals underlying weakness. Price has now reached a key support level, raising the potential for a retracement and a short entry opportunity. Potential Trade Setup: - Entry: Consider a short position upon a retracement, targeting previous weekly and daily lows. - Rationale: Price action suggests continued downward momentum in Ripple, and the current support level may prompt a temporary bounce before further declines. Important Disclaimer: This analysis reflects my personal market interpretation and does not constitute financial advice. Always conduct your own independent research and thorough risk assessment before making any trading decisions.
Short
by fxtraderanthony
"Ripple Faces Crucial Resistance, Potential Breakout Looms"Ripple (XRP) Navigates Pennant Formation: Critical Juncture Signals Potential Breakout Ripple's XRP, a cryptocurrency known for its unique utility in cross-border payments, is currently at a pivotal moment in its price action. On the shorter time frame, XRP is exhibiting a compression pattern resembling a pennant formation, suggesting an imminent breakout. However, the rejection off the downward resistance within this pattern is signaling caution among traders. A pennant formation is a technical chart pattern characterized by converging trend lines, forming a triangular shape resembling a pennant. Typically, this pattern occurs after a strong price movement and indicates a period of consolidation before a potential continuation of the prior trend. At present, XRP is witnessing a compression within this pennant formation, with price action oscillating between the converging trend lines. The rejection off the downward resistance line is a crucial development to note, as it indicates selling pressure at higher levels. For traders and investors, this is a key point in time to closely monitor the XRP chart. The rejection off the downward resistance suggests that XRP may be poised for a breakout to the downside. If this scenario unfolds, the coin could potentially test the 31 cents support level once again. A breakdown below the bottom trend line of the pennant could result in a significant decline, possibly leading to a 30 percent loss from current levels. Such a move would warrant careful risk management and could trigger further selling pressure among investors. However, it's important to consider the alternative scenario. If XRP manages to hold the lower boundary of the pennant and subsequently breaks above the red expanding range resistance, it could signal a bullish breakout. In this case, traders may look to play the breakout, anticipating a continuation of the prior uptrend. As always, trading cryptocurrencies involves inherent risks, and it's essential for traders to conduct thorough analysis and implement appropriate risk management strategies. While the pennant formation presents a potential opportunity for traders, it also carries the risk of a downside breakout. Therefore, exercising caution and closely monitoring price action is paramount in navigating these uncertain market conditions.
BITSTAMP:XRPUSD
by UnknownUnicorn2319099
2
XRP - 20.000% RallyHello Traders, welcome to today's analysis of XRP. -------- Explanation of my video analysis: After XRP has been trading in a triangle formation for over four years, we saw an expected breakout in 2017 followed by a rally of +25.000%. Exactly five years ago XRP then started forming a similar triangle (continuation) pattern and if we see a breakout towards the upside and a break above the resistance mentioned in the analysis, we could maybe see a similar rally. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
BITSTAMP:XRPUSD
by basictradingtv
8
XRP Bearish ☁️ Over the Next WeekEarlier this week, a New York court ruled that Ripple Labs must make its financial statements for 2022-2023, as well as other documents requested by the Securities and Exchange Commission (SEC) public by Feb 12. Ripple has now asked the judge to extend this deadline by eight days to Feb 20, court documents show. The SEC has accepted this request. The price of XRP increased 2.2 percent to 51 cents over the past 24 hours. ATTMO shows that Ripple’s XRP, Avalanche and Polkadot will face bearish clouds and downside risk in the short-term and medium-term horizon. However, a bullish sun will shine over Bitcoin, Ether, Binance Coin and Cardano in the next 24 hours and week, signaling upside potential. Follow us for more crypto weather reports!
CRYPTOCAP:XRPShort
by ATTMO
"Anticipation Builds as Massive 6-Year Bull Pennant Takes Shape"XRP Ripple: Chart Analysis and Market Overview XRP Ripple, one of the prominent players in the cryptocurrency space, has recently captured the attention of traders and investors as it navigates a critical juncture in its price action. With the token currently holding a major make-or-break support level at 50 cents, coupled with the formation of a 6-year bull pattern compression, market participants are closely monitoring XRP's chart dynamics and assessing its potential for future price movements. Understanding XRP Ripple XRP Ripple is a digital asset and payment protocol created by Ripple Labs Inc., designed to facilitate fast and low-cost cross-border transactions. Unlike many other cryptocurrencies, XRP does not rely on blockchain mining for transaction validation. Instead, it utilizes a consensus mechanism known as the Ripple Protocol Consensus Algorithm (RPCA), which enables near-instantaneous settlement of transactions. The Chart Dynamics At present, XRP Ripple finds itself at a crucial juncture on the price chart, with the 50-cent level serving as a critical support zone. This level holds significant importance as it has historically acted as both support and resistance during previous price cycles. Additionally, the formation of a 6-year bull pattern compression indicates that XRP is undergoing a period of consolidation, with price action tightening within a narrowing range. Bullish Outlook Despite the uncertainty surrounding the cryptocurrency market, the overall sentiment towards XRP Ripple remains bullish. Several factors contribute to this optimistic outlook. Firstly, the token's utility as a cross-border payment solution continues to gain traction, with Ripple forging partnerships with financial institutions and banks worldwide. Additionally, the recent clarity in regulatory matters surrounding XRP has provided a boost of confidence to investors. Potential Risks However, it's crucial to acknowledge the potential risks associated with XRP Ripple's current price action. The looming threat of a breakdown below the critical 50-cent support level, especially if accompanied by significant volume, could trigger a cascade of selling pressure and potentially lead to a freefall in price. Moreover, regulatory uncertainties, particularly in the United States, continue to cast a shadow over XRP's long-term prospects. Market Sentiment Market sentiment towards XRP Ripple remains divided, reflecting the uncertainty and volatility inherent in the cryptocurrency market. While some investors remain cautiously optimistic about XRP's future potential, others adopt a more conservative approach, awaiting further clarity on regulatory and legal matters. Nevertheless, the overall consensus appears to lean towards a bullish bias, supported by positive developments within the Ripple ecosystem. Conclusion In conclusion, XRP Ripple stands at a critical juncture on the price chart, with the 50-cent support level serving as a key battleground for bulls and bears. The formation of a 6-year bull pattern compression adds further intrigue to XRP's price action, with the potential for a significant breakout in either direction. While the overall sentiment remains bullish, investors should remain vigilant and closely monitor developments in the cryptocurrency market, as regulatory factors and external events could influence XRP Ripple's trajectory in the near term.
BITSTAMP:XRPUSDLong
by UnknownUnicorn2319099
2
Do you believe the x2 growth of the Ripple XRP price ?The XRPUSDT trading pair is very specific, it moves as it wants and when it wants, regardless of the market trend. The abnormally large issue of 100 billion coins, half of which are currently in circulation, makes XRP "clumsy". But this does not prevent XRP from having a large caste of fans who believe that "soon" the price of XRPUSDT will reach $10, although they have believed in this since 2017 and may have been holding it since then ;) Miracles rarely happen in the world, but perhaps the XRPUSDT price is again preparing for a rapid x2 growth to the $1 area ?) What do you think? It was really good in the summer, can they do it again?
Long
by P_S_trade
10
XRP 24H Upside Potential☀️; Bearish Trading Trend in 1 Week? ☁️Bearish clouds and rain linger over the global crypto market in the next 24 hours, indicating downside risks. Particularly Ethereum will come under pressure, ATTMO shows. Ripple’s XRP, Cardano and Dogecoin, however, have upside potential over this time horizon. Over a one-week horizon, the bearish trading trend will extend to all crypto coins covered by ATTMO, with the exception of Dogecoin which is likely to have additional upside potential. Follow us for more crypto weather reports!
by ATTMO
XRP to 10usd, what about 30 cents?I frequently watch various XRP videos where individuals predict a price surge, ranging from $10 (the "less" optimistic view) to $100 or even $1000. These predictions often come with fantastical explanations about why such increases will occur. However, the harsh reality contradicts these optimistic forecasts, as XRP hasn't shown significant movement during this bullish trend. Despite an initial rise of approximately 50%, this gain has been nearly entirely offset. Analyzing the chart reveals a conspicuous presence of selling pressure, with each upward spike promptly followed by selling activity. From a strictly technical standpoint, if XRP falls below $0.5, the path to $0.3 seems inevitable, carrying a high probability of a drop to that level. The bearish scenario can be dismissed if XRP rises above $0.65, but even in such a situation, substantial growth seems unlikely. From my perspective, $1 is the most optimistic scenario for this coin, even under the best circumstances.
BITSTAMP:XRPUSDShort
by Mihai_Iacob
3
XRP High probability Uptrend with 70% move with target: $1.042The analysis below outlines a bullish case, with a target price of $1.042, marking a potential 71.76% increase from the current level. Ascending Channel Formation: The XRPUSD has been trading within an ascending channel, exhibiting higher lows and higher highs, a classical indicator of a bullish trend. The lower boundary of the channel has consistently provided support, suggesting a strong buying interest. Consolidation Zone: Prior to the current price action, XRPUSD was consolidating, with the price oscillating between a well-defined range of support and resistance levels. The upper boundary of this range may act as a springboard for a breakout. Z-Score Probability Indicator: The Z-Score indicator has dipped into the red zone, which often precedes a reversal. Given the other bullish signals, this could indicate a potential buying opportunity. Moving Averages: XRPUSD is currently trading above its significant moving averages, which have started to trend upwards, suggesting a bullish market structure.
BITFINEX:XRPUSDLong
by meloneusk
16
XRP TF 1D signal Bullish Engulfing done Yesterdayrules are not to forget to play with Slop loss and break event. now the potential growth is clear. but need a security Stoploss in proper low. until we pass the save zone to let the market move to 1.618 Fibonacci. I have drawn an example of the cart to explain what will happen. but this is not the confirmation of volume & short-term trader interframe with the market. what I believe is more volume more changer to grow the market. this mush happen in less than 17 day. if not we need new counting.
Long
by asgabanz
ETH Bullish ☀️ 24H & 1W Horizon; XRP Bearish ☁️? Sell Now? Ethereum, Litecoin, and Cardano are likely to profit from a bullish sun in the next 24 hours. ☀️ On the other hand, Ripple’s XRP and Avalanche are also likely to face downward pressure ☁️ Over a one-week horizon, bullish sun will shine over a larger part of the crypto universe, however, XRP, Avalanche, and Polkadot will still be facing bearish clouds, signaling further downside risk. ☁️ Follow us for more crypto weather reports!
BITSTAMP:ETHUSD
by ATTMO