XRPUSDC
XRP tagged my .585 cents level exactly! Now what?Traders,
Ripple ripping!
Sooner than expected but the price actually wicked up and tagged my 58.5 cents precisely! It always amazes me every time when these technicals play out. I just wish I could be better with the timing.
Anywho, now that the price has met the earlier target that I had call for, what can we expect from ripple?
TBH, I am not quite sure. I'd love to see us come back down and tag either that 50 day ma or, preferably, the 200. But we have a lot of support now on the underside of price. At this point, unless BTC leads the way with a more pronounced drawback, I don't know if we'll get there. If we do, you can be sure I'll be re-entering trades at that point.
As always, stay tuned.
Stew
Trade Alert - Take ProfitTraders,
We’re 8 for the last 8 with at least 5 of those wins on XRP. I’ve watched the drop since resistance and XRP looks to be forming a shooting star candlestick pattern on the daily. Not wanting to test fate, I’ve opted to take the remaining profit here at .46 cents. We also look to be forming an “M Pattern”. This makes sense from a technical standpoint. I would like to see us go back and retest the upper side of that triangle that we recently broke out of.
Stew
P.S. - Ignore that re-entry area. Forgot to take it off of my chart. That has already been taken advantage of and I now anticipate we may drop below it.
TRADE ALERT - Take ProfitTraders,
7 wins in a row. Over half with XRP thus far. Gotta stay disciplined and keep to our plan on this. As you know we bought at .36. Sold at .42 and .49. Re-entered at .44 and .42. And now selling half here at .49. Congrats for those who have followed me in these latest trades. Stay tuned. More to come.
Stew
XRP could turn Sunday into 'Funday!' XRP is crossing out of the overbought area on the Stochastic set at 60. It has previously made decent short-term gains after breaking out of that area, although the biggest parts of the moves have been after it crosses the white trend lines marked within the Stochastic indicator. Good luck HODLers!
The 'Star-pattern' successfully predicts another breakout in XRPAfter I successfully predicted the first breakout on March 19th which occurred a few days later (see link below), and having just predicted this breakout we're now seeing shortly before it occurred, XRP is now flagging nicely on the 15 and 30 min charts. This is what I call the 'Falling-Star-Pattern,' and it's performed well for me over the years.
Compare this chart to the one in the link below to see what I'm talking about in regards to that pattern. Get to know it, you won't regret it!
XRP is already back down into a good re-entry area!Traders,
If you followed me on this trade, you'll know we entered around 36 cents, sold some at around 42 cents and the final 50% was unloaded at 49 cents for some great profit. I was now looking for re-entry at or around 42-44 cents. We have now already reached our re-entry area. The only event holding me back and causing me some hesitancy is this FED decision at 2 pm EST (1800 GMT). I may dip my toes in the water a bit before then but will not do anything heavy until after the FED announcement today. Mainly, I just wanted to keep you all in the loop here on XRP.
Happy Trades!
Stew
$XRP Bullish - Not without a few fake outs along the way *SMC**SMC = Smart Money Concepts or I Formerly referred to it as Smart Money Theory. Same thing I think it is being adapted to a bigger retail trader class (you all are getting wiser for changing to this style of analysis) you can find a few tutorials and breakdowns in the related ideas link to this one. Earlier I did my own limit call at the beginning of the rebalance redeliver at 0.4219. It hit that price around 3:30 eastern time (U.S.) Monday and my exit was near the same recent high of .43155. Which was also the Consequential Encroachment of a daily Fair value gap. I Nailed it without blinking an eye. Now the question is where from here? Well at first, I didn't notice that it had already filled the rebalance-redeliver (Shown in this chart)
So my first drawing of the pullback might be off. It could just go straight up to the daily bearish order block. as the first projected yellow run just goes straight up into it and then pulls back. but it could manufacture more liquidity and pull back more before moving up. I'll explain in greater detail.
The objective was to fill the weekly Fair Value Gap (created in September, which has happened) as well as fill the imbalance in the redeliver rebalance (Which has already happened) However, it wouldn't be a smart money concept if it didn't try to manufacture liquidity. (just above the .43155 area) So I assume there will be another pullback near that price. However, now we have to keep in mind that there is another Weekly fair value gap that needs to be filled (thus gap was created in November when the price was moving down). (The purple outline that the projected yellow line touches going up and the pull back down) So it could pull back to the same area that it closed the redeliver-rebalance on (0.41330) and then run up and over the 0.43155 level to the daily bearish order block. This would be near .4498-.45 level. After it hits that rejection block it should fall to fill the rest of the weekly fvg which is near 0.398 but could get as low as .3768. This would cause a panic in the retail market and you would see a lot of people jumping ship for a loss. While Smart Money (Larger Institutions) sweeps in to buy up at a low price. When in reality all price is doing, is what its meant to do, 1 Fill imbalances 2. attack liquidity.
So then price I believe would start making another run this time up to a median of the bearish order block which is in the congruence of the 227% fib extension of around the .48 price.
How long will this take? Who knows. Am I gonna be 100% right? Probably not. But after studying so many smart money charts, I would not doubt that this would happen over the span of 2-4 weeks. Or maybe 1-2 weeks.
We can only wait and see :)
KUCOIN:XRPUSDT
KRAKEN:XRPUSDH2023
BITSTAMP:XRPUSD
BYBIT:XRPUSDT.P
XRP formed a bullish Butterfly | A good buy opportunityHi dear friends, hope you are well and welcome to the new trade setup of XRP coin.
Previously the price XRP moved slightly down than buying zone, however recovered soon and pumped more than 22%.
Now on a daily time frame, XRP with BTC pair has formed a bullish Butterfly move for another pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Ripple - Do not be without worries On 8th August 2022, we introduced a setup with two alternative trades coming after the breakout from the wide range in which XRPUSD oscillated for some time. A few days later, a piece of news concerning a minor win for Ripple Labs Inc. against the SEC sparked a buying frenzy that propelled the price more than 40%. Meanwhile, in the early stage of the rally, we noted that this price action merely represented “buy the rumor, sell the fact.”
Then, during the rally, we continued to warn investors about the unsustainability of the move as we hinted at decreasing volume in spite of the rising price. Indeed, we raised this issue again after another bullish breakout from the symmetrical triangle took place. Soon after that, our worries came to fruition, and XRP began its decline.
At the moment, XRPUSD trades almost 20% lower from its recent high on 23rd September 2022, further confirming our bearish thesis. In fact, we stick to our price targets of 0.30 USD and 0.28 USD and believe they will be reached by the end of 2022. Our views are supported by persisting bearish macroeconomic factors and technical indicators pointing to more downside for this cryptocurrency.
Illustration 1.01
Illustration 1.01 shows the daily chart of XRPUSD. The price is down almost 20% from its recent peak of 0.558 USD, and volume continues to reflect the declining interest in XRP among new investors.
Technical analysis - daily time frame
RSI is bearish. The same applies to Stochastic and MACD. DM+ and DM- are bullish. Overall, the daily time frame is turning bearish.
Illustration 1.02
Illustration 1.02 displays the monthly chart of XRPUSD, showing it deep in the bear market territory.
Technical analysis - weekly time frame
RSI, MACD, and Stochastic show signs of exhaustion. DM+ and DM- stay bullish. Overall, the weekly time frame is turning bearish.
Illustration 1.03
Illustration 1.03 shows the mentioned setup from 8th August 2022. That same day, we set a medium-term price target for XRPUSD at 0.30 USD and a long-term price target of 0.28 USD, abstaining from setting a price target for the short-term (due to the price being in the neutral trend).
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Ripple - Major updateOn 8th September 2022, when the XRPUSD was trending sideways, we introduced a setup with two alternative scenarios. Since then, the price broke to the upside from a trading range and rose by more than 40%. Meanwhile, right at the beginning of the rally, we stated that it was predestined to fail over time and that no reversal of the primary trend was taking place.
We repeated this same statement several times over the past month and a half while we continued to outline multiple bearish developments on the chart of XRPUSD. Furthermore, we kept our medium-term price target at 0.30 USD and long-term one at 0.28 USD. We reasoned that the FED's pursuit of tighter economic conditions would let the reality sink in over time.
Now, it is finally time for us to update our price targets on the timeline. In accordance with that, we would like to set a medium-term price target to a short-term price target. Additionally, we would like to change our long-term price target to a medium-term price target.
Illustration 1.01
Illustration 1.01 shows several technical developments on the daily chart of XRPUSD. The declining volume supports our bearish thesis, and the same applies to today's pick-up in volume. Furthermore, we expect the crossover between the 20-day SMA and 50-day SMA to occur, further confirming our thesis.
Technical analysis - daily time frame
RSI and Stochastic are bearish. MACD is due to break below 0 points which will be bearish for the short term if it succeeds. DM+ and DM- are bearish. Overall, the daily time frame is bearish.
Illustration 1.02
We will closely watch support levels at 0.44312 USD and 0.42542 USD. A breakout below each of these levels will confirm our bearish thesis for the short term. Contrarily, a breakout above the short-term resistance will be bullish.
Technical analysis - weekly time frame
RSI is slightly bearish. Stochastic also turned bearish. MACD shows signs of exhaustion. DM+ and DM- are bullish. Overall, the weekly time frame is neutral.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
XRP breakoutPlease 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free.
Ripple broke the (red) major downtrendline (click the idea below to see it the whole downtrendline)
...and then consolidated in form of triangle. Recently it broke up out of this triangle📐 and I think there is chance for run to 0.6330 and even higher. Setting BUY LIMIT order to previous range high to catch🎣 the pullback.
ENTRY : local high @ 0.5063
STOPLOSS (SL) : local low @ 0.4800
TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 0.6330
REWARD RISK RATIO (RRR) : 4.8
INVALIDATION : when SL level hit
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
XRP: DO or DIEPlease 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free. Don't be just a taker, be a giver! 👍🏻
Ripple has been stronger than most of other coins recently but yesterday it just hit resistance confluence - the major downtrendline (red) plus local uptrendline (dotted yellow, previously broken, now backtest). Zoom in. I think the recent strenght of XRP stemmed from fact that price has been supported by major uptrendline (lime) around 0.3 where it bounced several times in last months and recently just decided to lift off in order to break up the major downtrendline which capped all the highs in last 18 months (almost). If it's really rejected once again, I think we will drop down back to the lime uptrendline and will break it down later. In case of upside breakout through the red downtrendline, pump expected. Ripple, DO or DIE!
Check current bearish BTC setup down below.
Check my other stuff in related ideas.
Please boost🚀, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.