Can XRP retest this mid-range?Ripple oscillated within a short-term range of $0.4332 - $0.4869 between 20 April - 8 May. The mid-range stood at $0.4604.
Price action broke above the recent narrow price compression range, seen from 8 May, and faced rejection at the previous mid-range of $0.4604.
A pullback retest on $0.4413 could see XRP target the mid-range again.
Entry: $0.4423
Take-profit: $0.4604
Stop-loss: $0.4332 (below the previous range low)
RR: 2
Xrpusdanalysis
Ripple's [XRP] price reversal highly likely at this supportPrice action hit the bullish order block (cyan) at $0.4495 - the support has proven steady since the second half of April. A pullback retest and confirmed uptrend could rally the pair toward the bearish order block (OB) at 0.4800.
A session close below $0.4385 will be an invalidation.
RSI hit the oversold zone while OBV dipped - confirming the current selling pressure.
Entry: $0.4495 (bullish OB)
Target: $0.4800 (near the bearish OB)
Stop-loss: $0.4385 (below bullish OB)
R:R - 2.9
XRP/USDT: Profitable Swing Trade PotentialThe current price level of XRP/USDT has caught my attention, and I believe it presents a conservative entry point for a swing trade that could be profitable.
Let's analyze the daily chart, where the RSI indicates oversold conditions and the MACD indicator is on the verge of a bullish crossover. But that's not all! Another significant development has unfolded: XRP has established a strong support level near the 0.618 Fibonacci Retracement. This measurement encompasses the price movement from March 13, where it reached a low of $0.34, to the high of $0.59 on March 29.
Despite my reservations and aversion towards XRP, I must acknowledge that the compelling factors cannot be ignored. The enticing buying signal that is emerging has the potential to result in a profitable and conservative swing trade.
XRP what will happen to Ripple?IT'S NOT FINANCIAL ADVICE
SO JUST READ AND THINK ABOUT IT. IS THIS REASONABLE OR NOT ?!!!
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Hi Guys
what's up?
I try to explain simply
it's a new day and I want to dedicate to you a new analysis of #XRP
as you see we have a parallel channel and the price reacts to this channel line whenever the price touches it.
so, we expect that the price touch the channel line in the RED circle.
That's all.
please SHARE this analysis with your friends and write below what you think.
Are you agree with me?
by the way, the next analysis is about GOLD
SO DON'T FORGET TO SHARE AND WRITE YOUR COMMENTS.
XRP ARMY💂♂️ XRP Accumulates, Rally Next?BINANCE:XRPUSDT
Hi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
As you all know by now, I'm a huge fan of XRP. The fundamentals are promising, and I've done a number of posts on these. However, today's analysis is a quick look at where we are in terms of the MAcro cycle on XRPUSDT. We take a look at trendline analysis, support zone and resistance zone, Fibonacci as well as the new CryptoCheck START V3.5 Indicator to give us an idea when we might expect to see a parabolic run on XRP.
The XRPUSD chart is self explanatory and in it's complexity, it's actually pretty simple : Buy LOW, sell HIGH. Don't be greedy, take profits.
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XRP 4hr Trade Plan XRP showed a double top and sold off due to it not being able to break back above. ( .54800 ). With the way it's looking, I will be selling down. I have several alerts to see if price will hold -( .44500, .42000, .413000 ). before reaching- (.37000 ) I have a long account that I will be adding entries on top of entries lol. At (.37000 ) price should bounce and head toward ( .81500 ). Now I see a couple sells coming 47100 & 49100. I will be watching to what price does so I put aa short set up so you have. an idea what im looking at if that happens. Once price shows what im looking for, im in for the sell. Its almost time to hit the All time high
A possible perspective of where we're atI know that no one wants to see a longer timeframe with Xrp.. but if we're going longer than expected, this is my long term (what I'm seeing) chart that could most definitely play out.
I was painstakingly looking at each section if this is a repeat of what we've already seen before the prior bullrun and this is what I've come up with.
Agree or not agree.. it's simply a different perspective for a longer timeframe.
If you think otherwise please leave a comment on what you think! Regards!
XRP to 1.3: Up or Down Next?Expectations:
After a big 5 impulse wave, a Zigzag Correction occurred, and a strong uptrend was expected to start, but a 3-3-5 Flat correction pattern has formed instead, indicating a potential WXY pattern.
The current 3-3-5 wave is too small to be an X wave, and it has not even reached the 23.6% retracement level, suggesting that we may be in a sub WXY wave that will create the parent X wave.
The current 3-3-5 wave is expected to end around 0.61 to 0.64, followed by a simple ABC correction that will take the price down to around 0.45 to 0.42.
After that, a Zigzag 5-3-5 correction is expected to complete the parent X wave between the 50-61.8% retracement level.
At this point, the chart must be reanalyzed to determine whether the uptrend will continue or if it will go down to complete the big WXY wave.
Note:
These scenarios are just some of the analysis scenarios and are not necessarily expected to happen.
Please check the monthly analyses and other scenarios for more information.
Ripple XRP price still in a growth trendIt would be nice if XRP buyers could keep the price above $0.44-0.45
Fulfilling this condition will be a good confirmation that buyers are strong and full of energy to push XRPUSDT price higher, at least to $0.75-0.78.
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XRP to continue its ascentA few weeks back, I bought XRP at 0.4 with a 0.55 target and after the target was reached I decided to wait and see.
With the price consolidating under the resistance but very stable above 0.5, I'm considering a new buy with 0.9 this time.
In conclusion, I'm looking to buy dips close to 0.51 in anticipation of a resistance break and acceleration to the upside.
A drop under 0.47 or so, would negate my bullish scenario
At least 10% growth of XRP by Inverse H&S Pattern🚀Since XRP is one of the cryptocurrencies that has the lowest correlation to Bitcoin, it has always been attractive to me as a trade. (correlation of XRP to BTC=0.54)
XRP was able to break the 🔴resistance zone($ 0.53-$ 0.521)🔴 with the Inverse Head and Shoulders pattern .
I expect XRP to move towards the next 🔴resistance zone($ 0.586-$ 0.5738)🔴 based on the double channel strategy after the pullback is completed.
XRP Analyze ( OKX:XRPUSDT ), 2-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
🔮🔥XRP - Critical Levels to Watch🔥🔮What's up traders!👋
In today's breakdown, we cover one of our favorite altcoins in XRP.
Let's cut right to the chase and dive in...
CHART KEY:
Supply: 0.523-0.529 (red zone)
Demand: 0.492-0.501 (green zone)
Other key levels: 0.511-0.514 (grey zone)
XRP has clearly slowed down since our last analysis on it and has been trading inside this channel between ~0.49 and ~0.53 this whole week.
Our original plan of avoiding any substantial downside play is still valid since we have continued to hold demand around ~0.49
The true risk to reward remains on the upside still with demand at 0.492-0.501 holding up. We would need supply at 0.523-0.529 to be broken for a high conviction / big move.
However, shorter term short plays are valid now that we have identified this channel and seen the strength of it - all we need to do is be cautious of shorting into demand and longing into supply until either of those levels are broken with conviction.
We are currently trading in a key zone between 0.511-0.514. We need to be cautious of this zone if we're bullish and cautious of demand below if we're bearish.
✅ Bullish Case: you want to see price break past this 0.511-0.514 zone, pull back into it, show that it will hold this level and find strength here for a move past or into supply at 0.523-0.529 again.
Or you want to see price pull back into demand at 0.492-0.501 again, support build up again for a move back past or into this ~0.511 zone.
The big upside play would be to wait for supply at 0.523-0.529 to be broken and have it become new demand if it pulls back and finds support there for possibly a big move into the highs from a couple weeks ago.
🟥 Bearish Case: you want to see price reject this 0.511-0.514 zone, pull back into it, show that it will hold resistance here and find weakness for a move back into demand at 0.492-0.501 again.
Or you want to see price approach supply at 0.523-0.529 again and reject for a downside move.
The big downside play would be to wait for demand at 0.492-0.501 to be broken and have it become new supply on a pull back.
So what do you think? Where is XRP headed? Boost and comment your thoughts below!
We'll see you in the next one
-The AlgoBuddy Team
Will XRP outpace Bitcoin over the long run? There was an article where the Ripple CTO said that a critical driver of performance for XRP is based on the number of units in circulation and the price. To me, this does not make sense compared to Bitcoin.
coinpedia.org/ripple/ripple-cto-unveils-key-drivers-for-boosting-xrp-price/
I feel XRP could outperform Bitcoin over the long run once Ripple settles with the SEC in their lawsuit. This is based upon the interest in XRP with institutional interest in it as Ripple was founded by a consortium of banks. I could be wrong, but I'm just looking for an opinion on this.
XRP - Where are we headed?📈📉In today's big brain analysis, we'll be breaking down the infamous altcoin XRP. Let's dive right in...
XRP seems to have slowed down at long-term supply levels kicking in around ~0.58 which is exactly what we want to see for a healthier continuation of this 2023 rally.
The crypto market as a whole has shown a lot of resilience throughout last year so it would not be wise to enter any substantial downside plays in this market, at least until ES and NQ break major demand levels to show a potential new low coming.
With that being said, we rejected the key supply at ~0.58 on 03/29/23 and are yet to retest that level.
It is very possible that this supply level will hold up for a significant amount of time.
However, the weakness in the last 10 days gives us a nice pullback for continuation to the upside off of this ~0.49 demand zone.
Our main watch should be longing for the retest of supply at ~0.58 until demand at ~0.49 breaks.
It is also important to note that volume during the last few days has been very low which explains why we haven't gotten a significant move during this period.
Bullish Case: you want to see this ~0.49 hourly demand hold, volume to start building up here, and strength off this demand to retest hourly supply around ~0.58
Bearish Case: you want to see volume kick in on the downside and break hourly demand at ~0.49, show further weakness, and look for a retest of ~0.49 for further downside
As always, NONE of this is financial advice. Trade, and invest at your own risk. This is for educational and entertainment purposes only, and we are in no way shape or form financial advisors.
Eyes peeled out there team. See ya in the next one.