XRP technical levels fade while freefall to $0.65 beckonsRipple has embraced downward price action since the beginning of June. The international money transfer token crashed from $1.71 to $0.65 in May but recovered to highs around $1.1 at the beginning of June.
In the last week, the overall general outlook in the market has seen XRP bulls fight a losing battle. Initially, buyers focused on gains above $1, but the barrier at $1.1 only got them exhausted.
Meanwhile, the aggressive bearish wave in the market, especially this week, forced Ripple to explore the rabbit hole. Support at $0.9 and $0.8 did little to halt the declines; thus, XRP revisited a previous anchor at $0.78.
Ripple's technical picture adds credence to the bearish outlook
Many analysts believe that this a bear cycle and that Ripple may drop further. The short-term technical outlook confirms this narrative. For instance, the Moving Average Convergence Divergence (MACD) continues to dip inside the negative region. Additionally, the MACD line (blue) recently crossed beneath the signal line, a critical bearish signal.
Similarly, the Relative Strength Index (RSI), a technical indicator tracking the trend of an asset and measuring its momentum, reinforced the bearish tightening grip. Another approach in the oversold region shows that sellers have the upper hand.
For now, the path with minor hurdles is downward. Hence, immediate support between $0.78 and $0.8 is crucial for the bulls to resume the uptrend. However, another swing south might bring XRP near the primary support in May at $0.65.
Ripple intraday levels
Spot rate: $0.84
Trend: Bearish
Volatility: Low
Support: $0.78 and $0.65
Resistance: $0.9 and $1
Xrpusdanalysis
Monday: RIPPLE PART 2 - week 23Ripple is not really going anywhere, it just keep correcting. The structure is making flat-structures, but they are all very short-term setups, and to take advantage of these opportunities it's all about timing, and being able to enter and exit positions quickly and swiftly. It's hard to update these trades and ideas in real-time here on tradingview, but if you understand market structure, then you understand how to adapt and identify to the market structure scenarios unfolding and you know how to take advantage of them.
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the support!
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Monday: RIPPLE - Week 23I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
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XRP, Ripple - a clear entry point for the short position🔥The coin broke the local uptrend line. We have a clear key level at 91,66. If price stars squeezing to this level, it will be a great pattern for a breakout. Entry point only after retest. Don't forget about SL.
Write in the comments all your questions and instrument analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Ripple / XRPUSD: 15min and 1H Chart BUY opportunityHello traders! Watch out for the breakout of the flat-structure that is currently forming, a great buy-setup in the making. The probabilities are good that this will go up, but whether it's the start of the big up move or not is not something anyone can tell. As traders we have to adapt to different market scenarios, we deal with probabilities here. For now I see 2 scenarios, and I will trade according to those, until I see market structure doing something different. Trade with care!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the support!
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Ripple / XRPUSD: A very good opportunity Hello traders! There's a very good risk/reward opportunity developing in ripple at the moment. We have very clear and distinct patterns that are forming, these patterns repeat themselves and are a very good directional indication. Look for buy-setups on lower timeframes, trade with care!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
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XRP TARGET POINTS SHORT TERM ANALYSISRipple’s XRP fell by 2.91% on Tuesday. Partially reversing Monday’s 15.12% rally, Ripple’s XRP ended the day at $1.01077.
A bullish start to the day saw Ripple’s XRP rally to an early morning intraday high $1.09942 before hitting reverse.
Coming up against the first major resistance level at $1.1011, Ripple’s XRP slid to a late intraday low $0.97312.
Steering clear of the first major support level at $0.9311, Ripple’s XRP moved back through to $1.00 levels to limit the downside.
At the time of writing, Ripple’s XRP was down by 0.53% to $1.00538. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.01888 before falling to a low $1.00433.
Ripple’s XRP left the major support and resistance levels untested early on.
As the two trend lines converge, the consolidation nears an end. On the other hand, the ascending lows insinuate that bulls are getting stronger. A break occurs before the lines meet and is characterized by an uptick in trading volume. Triangles have clear breakout measured from the highest to the lowest points. For example, Ripple could swing 34%b higher to trade around $1.44 if the pattern on the chart matures as expected.
The sluggish price action is punctuated by the Relative Strength Index (RSI) and will likely last longer. Similarly, the Moving Average Convergence Divergence (MACD) indicator does not have a defined signal; thus, bullish and bearish forces seem to cancel out, explaining the consolidation at $1.
Ripple intraday levels
Spot rate: $1
Trend: Sideways
Volatility: Low
Support: $0.9 and $0.8
Resistance: $1.1 and $1.2
Easy money while market is dumpingokay to avoid any inconvenience, I wont sell any xrp from my spot.
we should take a look at the market situation right now n try to get an advantage from it.
yup we r bullish on alts n xrp on long term n we advised to hold n even myself still holding.
but on short term a huge dump wave is coming, don't panic forget about your spot for some time, n accept the market situation n see effectively what to do in order to recover from the last recent loss.
we will hold our spot, but u must take an advantage from this volatile market to, we should be playing with whales on the current time to avoid being victim.
so within the coming days we will post more than one strategy n more than one plane we gonna share it here to help us all make decent profits even if the market is going down.
n just expect that we gonna short some specific coins in these coming days.
Right now for XRP:-
As we can see that xrp is making a lower highs n higher lows since we touched $2 maybe we r falling from cliff so amazing opportunity to short.
We r bullish on the very short term, we still have potential to reach from $1.25 - $1.35.
I will short from $1.25 - $1.28 - $1.35.
we can expect a hard correction may reach to 40/50 cents area. (this where I will add more bags on my spot)
Expected time to that bearish wave about 7 to 14 days.
DONT LEVERAGE, SETUP UR SL n WAIT PATIENTLY.
tip: this is extra for u all I just would like to share, if u r thinking that it makes no sense to hold on spot hoping it go higher n shorting in future, so I will tell u that trading needs flexibility, effective strategies n clear honesty with yourself, yup we stuck we gonna lose (if we sell our spot), however u should wake up from that loss n think how to take advantage of the market.
whales r making price down?? or even the market is correcting ??
good, LETS SHORT IT !!!
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XRPUSD - Supply and Demand ZonesQuick video update on my expectations for XRPUSD based on Technical indicators and Supply/Demand zones.
I drew in the Fib Retracement and then completely forgot to talk about it. The 'golden' line (Fib 0,618) is something to watch as well. Generally we would want to see it as SUPPORT not RESISTANCE. Currently, it is acting as a resistance line.
Best Regards and Trade Safe
BlockTechEv
XRP good new comingHere is the analysis of XRP.
XRP break the support level of $1 and rejected from there also. Ripple is looking strong in the SEC case and we see a settlement in the upcoming weeks. Ripple's CEO also said that they are planning to launch an IPO after the SEC case settlement. If you are looking to open a new position in XRP then place your orders around $0.8 and $0.7. We will see a good pump in XRP after the SEC case settlement. Use stop loss of $0.6 or below.
Xrp chat Analysis #XRP USDT 4H CHART ANALYSIS...
Xrp Tested Previous All Time High Once. Which One Now Playing As A Support. Now It Could Visit This Support Zone 2nd Time. I'm Expecting Another Downwards Move For Xrp. Where It Will Complete Double Bottom Pattern.
We Have 2 Types Of Entry Opportunity For XRP.
1, Buy Near At Support Zone.
2, Buy After Breakout Resistence.
Short Term Trader Always Stop-loss. Invest How Much You Can Afford To Loss. Always Verify Your Own Analysis.
XRP D - Stay strong guys - this will take some timeHi everyone,
This will take some time to play out - hence I don't post that much, there's little to say,
It's gonna be choppy with pull backs and stuff but still believe the reversal is valid.
Hold strong, I've been waiting and accumulating 2,6 years by now (I'm in 1 % XRP rich list) - so not in a hurry.
This is actually a very low risk accumulation period (not financial advice) but putting in money that you can afford to lose in this case is a very low risk high profit trade.
Don't' jump in when AHT is reached, if it does, it's gonna be very very quick.
Take care!