XRPUSDC
$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.
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Will XRP the "ugly duckling" pump again ? Hello everyone !
Today H₿ Capital is analyzing XRP based on a 2 Weeks chart 📈
XRP the ugly duckling of the crypto space is technically in an interesting position. The SEC case could be a huge catalyst for XRP, so let’s see if this asset could pump again like it did the previous cycles and where it could head to.
What we can see :
- Prices evolved into a descending channel since December 2017 and we are actually in the upper localisation.
- Right now prices are supported by the black uptrend line + the MA50 which acts as a strong support.
- But prices got difficulties to break the MA20 which acts as a resistance.
Reasons to be bullish :
- RSI printed a nice bullish divergence
- The CHOP index is high —-> Big movement in approach
- Spreads and Stochastics are very low
- There is a big divergence on the OBV (higher lows on prices Vs higher highs on the OBV)
2 scenarios we can expect :
Case #1 : If prices manage to hold the MA50 + uptrend line and manage to break the MA20, then we can TP(1) when prices will hit the descending upper trendline of the channel.
Then, If XRP breaks this level, we can TP(2) on the trend-based fib extension 1.68 / 2.618 = 5,47$ to 8,79$
Case #2 : If XRP loses its MA50 + uptrend line, be prepared to accumulate at those levels (if you still believe in this project)
- MA100 = 0.48$
- MA 200 = 0.32$
- VPVR Point of control = 0,21$ (Best buying target)
- Descending lower trendline of the channel
Good luck traders, my the crypto be with you 🍀
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Ripple - We warned but nobody listenedIn our last idea on Ripple, we warned about the inevitable end of the rally and a return to reality. Indeed, even before that, we dismissed why it would not be possible for Ripple to reach sky-high valuations like 100 USD or 1 000 USD, which many market participants seem to be forecasting.
Despite that, however, our view has not changed much. We remain bearish on XRPUSD and think it will go back to its 2022 lows over time. Accordingly, we maintain our price targets of 0.30 USD and 0.28 USD.
Illustration 1.01
Illustration 1.01 shows the weekly chart of XRPUSD and two yellow rays. The bullish breakout above the second ray took place; to confirm our bearish thesis, we would like to see the price break back below the Ray 2 and hold there.
Technical analysis - daily time frame
RSI turned bearish. Stochastic is also bearish. MACD is neutral. DM+ and DM- are bullish. Overall, the daily time frame is turning bearish.
Illustration 1.02
The picture above shows the daily chart of XRPUSD within the wide range. We previously outlined that the breakout above the range would be bullish; however, once it occurred, we said we would pay close attention to volume. Subsequently, volume was declining while the price was rising, leading us to speculate about the potential top.
Technical analysis - weekly time frame
RSI is bearish. MACD points to the upside but stays in the bearish area. Stochastic points to the upside. DM+ and DM- are bullish. Overall, the weekly time frame is still slightly bullish.
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 looking to break Bullish out of the Triangle.XRP weekly chart:
..even with the SEC smoke n mirror
garbage, we should look at the big picture here.
XRP must explode out of this bullish formation,
and when it does, look at the Fibonacci price
levels in the Gold Rectangles...Patience creates
generational wealth more than anything, and it
shows you what your made of. RSI bullish
Stoch RSI is bullish as well.
XRP vs BTC - Massive Upside Potential on the BreakoutXRPBTC is testing a long-term resistance trend going back to its January 2018 high. Getting past resistance here would most likely lead to a very high volume breakout. Its daily RSI is currently at 70 which is very bullish territory. As long as BTC can find support here, we should see fireworks. Failure to breakout might mean XRP will revisit the bottom of the blue falling wedge before retesting resistance again. I'm buying the breakout.
XRP triangle breakout 2 📐 Ripple is trying to break up this triangle 📐 and if successful I think there is chance for run to 1.03 and even higher.
ENTRY : local high @ 0.7693
STOPLOSS (SL) : local low @ 0.7033
TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY STOP-LIMIT - SL) @ 1.03
REWARD RISK RATIO (RRR) : 3.9
INVALIDATION : when SL level hit
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XRP triangle breakout 📐Ripple is breaking out of this local range up and I think it will also break up this triangle 📐later on. Then there would be a chance for run to 2.29 and even higher. Setting BUY LIMIT order to catch the pullback.❌R P come on!
ENTRY : local high @ 0.9361
STOPLOSS (SL) : local low @ 0.7601
TARGETS (TP) : TP1 - resistance @ 1.41 | TP2 - resistance @ 1.70 | TP3 - resistance @ 2.22 right below of the projection (height of the triangle projected from midpoint of the local range (BUY LIMIT - SL))
REWARD RISK RATIO (RRR) : TP1 - 2.7 | TP2 - 4.3 | TP3 - 7.3
INVALIDATION : when SL level hit
Will the history repeat itself? 👇
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Dear Ripple, your time has come again!XRP breaking up this triangle 📐 and I think there is chance for run to 2.54 and even higher. Setting BUY LIMIT order to catch the pullback. Ripple , just cripple the Beras!🐻
ENTRY : local high @ 1.23
SL : local low @ 0.948
TARGET : height of the triangle projected from midpoint of the local range (BUY LIMIT - SL) @ 2.54
RRR : 4.6
INVALIDATION : when SL level hit
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