Xrpusdforecast
Ripple and my new targetIn my previous Ripple analysis, I've argued why I'm bullish and said that I expect the price to reach 1.4 resistance.
Since then, my bullish outlook was confirmed and XrpUsd is trading clearly up.
I expect this price to go further up and pass above 1.4 resistance
My new target is 1.7 and I will stay bullish as long as Ripple is trading above 1 figure
XRP/USD BULL RUN (INVERSE H&S PATTERN)Support: $1.10/ $1. 05 / $1.00/ $0.9800/ $0.90-$0.88500/ $0.8200- $0.78500/ $0.7460/ $0.68500/ $0.64500-$0.62500
Resistance: $1.14/ $1.20/ $1.24650/ $1.3050/ $1.35/ $1.40-$1.42500/ $1.50/ $1.6450/ $1.70/ $1.76/ $1.86500-$1.88500/ $1.96-$2.00
What is Inverse Head And Shoulders?
An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends. This pattern is identified when the price action of a security meets the following characteristics: the price falls to a trough and then rises; the price falls below the former trough and then rises again; finally, the price falls again but not as far as the second trough. Once the final trough is made, the price heads upward, toward the resistance found near the top of the previous troughs.
KEY TAKEAWAYS
An inverse head and shoulders is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends
An inverse head and shoulders pattern, upon completion, signals a bull market
Investors typically enter into a long position when the price rises above the resistance of the neckline
Ripple’s XRP would need to move back through the $1.1123 pivot to bring the first major resistance level at $1.1546 into play.
Support would be needed, however, for Ripple’s XRP to break back through to $1.15 levels.
In the event of a broad-based crypto rally, Ripple’s XRP could test resistance at $1.20 levels before any pullback. The second major resistance level sits at $1.1958.
Failure to move back through the $1.1123 pivot would bring the first major support level at $1.0711 into play.
Barring another extended sell-off, however, Ripple’s XRP should avoid sub-$1.05 levels and the second major support level at $1.0288. The 38.2% FIB of $1.0659 should limit the downside
XRP/USDT 1HOUR UPDATEWelcome to this quick xrp/usdt analysis.
I have tried my best to bring the best possible outcome me in this chart.
Reason of trade :- XRP/USDT Broke out of trend line...
Entry:-cmp or more in dip
Traget:-
T1:- $1.17
T2:- $1.19
T3:- $1.22
T4:- $1.24
Stoploss:- $1.11
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native languages.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
Good days are coming for ripple in the next few weeks!ripple is now struggling to break a resistance, it is so underpriced right now and I think that it can break the resistance. the ripple value is so much higher than this and now there is a good opportunity to buy and hold it in the next weeks or even months.
Ripple makes offshore transactions so much easy and has a great future roadmap too. Always buy and hold coins with good fundamental reviews. I assure you that ripple is one of them.
XRP/USDT 2HOUR UPDATE Welcome to this quick xrp/usdt analysis.
I have tried my best to bring the best possible outcome me in this chart.
Reason of trade :- xrp/usdt is making a triangle pattern, this is the right opportunity to do it buy, the xrp is in the deep
Entry:- 1.0324$, 1.0515$,
Traget:-
T1:- 1.1004,
T2:- 1.1257,
T3:- 1.1473,
T4 :- 1.1807,
T5:- 1.2482,
Stoploss:- 1.0062,
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my english it is not my native languages.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
Why XRP has frustratingly hovered around $1 for XRP HODLers!Xrp is going through a triangle, which is why the price has been coming above and below $1 for some time now. This might be in-line with what Jeremy Hogan said about the xrp lawsuit - its soonest end date is 27th September (if I remember correctly), which makes sense that the price has a high chance of spiking up after that lawsuit is over.
Also, if you knew that xrp's price was being held down because of the lawsuit and that it wasn't going to end until a much later date, you must be fearful to have kept your money stagnating in it for so long. I almost did when I tripled my money from the $0.45-$1.2 prices on the big spike; no bragging because there's genuinely no point in it.
Directly after that spike, I realised that you could've nailed the highest price by drawing the line that makes up the top left of the triangle!! (fib price retracement is another option, although you would've needed to judge momentum as well, which I don't know how to do).
During the first Elliot wave, I hawk-eyed the graph every day because I was ironically fearful of the reactions from my family of getting rich; thanks to Bearableguy123 and Elon Musk "much wow" - it plugs into G_atria.
So, I know this graph's patterns VERY well! Combining what I know with Elliot wave theory and the fib retracements plus Alex Becker's previous BTC video, I can clearly see another Elliot impulse wave forming with an ATH coming very soon!
And then, everything's crashing down due to e_ collapses, crypto b__ for the time being and the flippening is having all the privacy cryptos flip the surveillance coins - which you'll have to move into anyway if you want to keep your crypto!
XRPUSD BUY TARGET $2XRP SPOT
ENTRY : 0.76
TARGET : $2
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XRP Ripple Analysis & NewsHello everyone, as we all know the market action discounts everything :)
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XRP price has dropped to 0.91920. XRP should have performed better given its development this year. However, The main reason why it's doing badly is its prolonged legal battle with the SEC, which caused a lack of media coverage for all its projects development.
The second reason is the continued sale of XRP coins by Jed McCaleb the founder of Ripple and he served as the CTO of the company Ripple until 2013.
In January 2018, it was reported that McCaleb's Ripple token ownership was worth between $10 $20 billion, and holds about 2.5 billion tokens currently.
The latest drop happened because of the Chain's Ban on cryptocurrency which affected the entire crypto market and almost all of the coins lost value in the last 4 days.
But we will see an increase in value soon for 2 reasons :
1) Bhutan Partners With Ripple to Pilot Digital Ngultrum on a Private Ledger (CBDC Project)
2) RippleX Grants $2 Million to Promote NFT Solutions on the XRP Ledger
Possible Scenario for the market :
it Does seem like the market is holding the Bearish state for a bit which could lead the price to drop more where it will reach the support zone located between 0.91921 - 0.89812. But with all the projects that are been developed by Ripple the market is due to turn Bullish and the trend will probably start at that support level where a bounce will happen leading the XRP price back to the first resistance line at 0.95888 and after that it is gonna zigzag all the way back to the $1.2 range or even higher.
Technical indicators show :
1) The market is below the 5 10 20 50 MA and EMA but above the 100 200 ( Which indicates a Bearish short-term trend but a Bullish long-term trend )
2) The RSI is at 40.22 showing weakness in the market. No divergence found between the market and indicator
3) The MACD is below the 0 line indicating that the market is in a Bearish state, With a negative crossover between the MACD line and the Signal line.
Daily Support & Resistance points :
support Resistance
1) 0.91921 1) 0.95888
2) 0.89812 2) 0.97746
3) 0.87954 3) 0.99855
Monthly Support & Resistance points :
support Resistance
1) 0.80603 1) 1.45796
2) 0.42541 2) 1.72927
3) 0.15410 3) 2.10989
Fundamental point of view :
Ripple, in partnership with The Royal Monetary Authority of Bhutan, will start trials for a digital Ngultrum. The San Francisco-based company will integrate its distributed ledger technology into Bhutan’s existing payment system with the help of its CBDC Private Ledger product.
According to Ripple, the Royal Monetary Authority expects to enhance digital and cross-border payments. Also, they plan to expand financial inclusion for its residents by 85% by 2023. As of 2019, based on a report published by RMA, it was 67.6%.
Although Bhutan is a small country in the Himalayas, it is the only carbon-negative nation worldwide. In line with this, Ripple emphasized that the CBDC solution would be a match for its principles.
“Ripple’s commitment to sustainability was important for Bhutan. The CBDC solution is carbon-neutral and, because it’s based on the public XRP Ledger, is 120,000x more energy-efficient than proof-of-work blockchains.” According to bitcoinist
NFTs Are The New Battlefront For Ripple’s XRP Army
The main focus of the applications was the development of open-source projects dealing with NFTs on the XRP Ledger or XRPL.
XRPL encompasses everything we currently consider the XRP ecosystem and is an evolution of the former Ripple Consensus Ledger (RCL). Ripple’s former products, xRapid, xCurrent, and xVia, were, in turn, merged into what is now known as the RippleNet, quickly gathering over 200 customers by 2019.
Although Ripple’s focus point has for long been to offer a fast and cheap payment network, it seems that developers are looking for ways to squeeze the potential out of this blockchain and adapt it to the new times. NFTs are an odd use case for the XRP ecosystem, despite their popularity. According to cryptopotato
This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
XRP/USD LONG Set Up To $2.00 (HODL) Support: $1.10/ $1.05/ $1.00/ $0.9800/ $0.90-$0.88500/ $0.8200- $0.78500/ $0.7460/ $0.68500/ $0.64500-$0.62500
Resistance: $1.14/ $1.20/ $1.24650/ $1.3050/ $1.35/ $1.40-$1.42500/ $1.50/ $1.6450/ $1.70/ $1.76/ $1.86500-$1.88500/ $1.96-$2.00
The Ripple-affiliated XRP token has won another re-listing victory in Japan, where the coin will be made available for trading again on the TaoTao crypto exchange later this month.
Per an official announcement, TaoTao stated that the coin would be listed on September 22 following a period of maintenance. The firm added that in addition to spot trading, the coin would also “be available” for margin and leveraged trading.
Like many other international exchanges, a large number of Japanese trading platforms delisted or “temporarily suspended” XRP trading after the American Securities and Exchange Commission (SEC) brought charges against Ripple executives, alleging that they had “knowingly” sold XRP as an “unregistered security.”
Ripple has hotly disputed this claim, and a protracted legal battle has ensued, with no sign of a victory or defeat forthcoming on either side.
But XRP adoption rates remain high in Japan, where Ripple’s presence has been boosted by its close association with the SBI Group, the Japanese financial conglomerate that owns TaoTao.
SBI bought TaoTao in 2020 from its business rival SoftBank’s Yahoo Japan. Earlier this month, it announced plans to merge the TaoTao platform with its own-branded SBI VC Trade crypto exchange. The latter already offers XRP trading
XRPUSD: Time for Support ClearanceBreak and re-test created key structure acting as support.
However, this level left a zone of equal lows that is likely to get tackled at some point in the near future.
I expect significant retracements if we can hold below this last high created.
I have annotated the chart with my predictions.
Let me know what you think in the comments.
XRP 1D "How will I spend the autumn"At the beginning of the summer, we published an idea for a pair of XRPUSDT called: "How will I spend my summer"
How the idea worked, good or bad, of course, can to rate just you. You can even write your thoughts and impressions in the comments.
Considering that the summer will end in 2 weeks, it's time to update your thoughts on the XRPUSD trading pair.
XRPUSD price shot up in almost the last wagon of alts after the fall in May. As always, Ripple grows in value when its time comes, and it doesn't care how the price of BTCUSD behaves at that time. XRP rises in value because it has to)
Buyers of XRPUSDT met the first worthy resistance around $1.30, after which a downward correction began.
To continue the growth now, it is important for buyers to keep the price above the liquidity zone of $0.97-1.07, then the way will open for growth to the area of $1.50.
And here serious battles will already begin.
If sellers win, then you will need to sell your Ripple and place new buy orders in the region of $0.74-0.80
If in the area of $1.50 the buyers show that they still have strength for growth, and, accordingly, the price consolidates above this level, then it will be possible to continue to be the holder of XRP.
Under these conditions, the path will open for continued growth! But no, no, not up to $10 for XRP, as Ripple holders have dreaming since 2017, but it will be possible to aim for a price increase to ATH i n the $3.00-3.30 region.
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Ripple- Approaching strong resistanceLike all the crypto market, also Ripple has had a strong and nice rally.
However, at this moment, XrpUsd is entering a strong resistance zone and a correction could follow.
0.77 and 0.71 are support and these are the points of interest for buyers.
Short term speculators also can trade on the short side with these as targets
The Final and Only XRP Technical Analysis You NeedHello boys, it's been a great journey posting ideas here since the correction in May, but sadly this will be my last post. If you have been following me, then I hope you've been taking advantage on my warnings of these dips I've been indicating for months, for this is once in a life time chance. Let's not be sappy and I will give you my final play by play expectations on what will happen in the next few days, but remember none of these are financial advice.
Next week, on the 28th, the FED will make a decision about the current monetary policy and interest rate of the current market that will most likely affect both the stock market and the crypto market along with it.
It's most likely that they will mention about the possibility of tapering and hiking the interest rate base on the CPI data that was released earlier this month that sent the stock market and crypto market down. Which will force companies to turn to the dollar since if the interest rate/tapering happens then asset classes will be hugely affected. You can look up the inverse correlation of the US dollar and the crypto market for yourself. To put it in simple terms, if the dollar goes up, crypto goes down. Companies and most big players already left different markets (including crypto) and the only people who are buying are the retail traders and hedge funds. If you're following whale wallets in the past few days you can see that a lot of them are pulling out their cash outside of exchanges and injecting coins back to the market from their cold wallets. Anybody that tells you that institutions are buying are only shilling the coins otherwise.
As expected and what I mentioned from my posts before, BTC is beginning to rally to the upside in anticipation for the biggest sell off we'll be seeing in the crypto market that will send BTC down to 12-19k area. I can see it rallying all the way towards the 35k-38k area and staying there until Monday until we start to see the stock market make their movement in anticipation for the Fed's announcement on the 28th of July.
There will be consolidation and bouncing around 28k, 24k, and 19k before having the final dip towards 12k area which will likely be in September. Why September? Because after major market corrections, the U.S. House of Committee usually have meeting about policies for the FED, but on the month of August they only have two week session before going to a break until September. So I expect a dip to 19k then see a rally to 28k area as a major fake out in the month of August, then dip to 12k around the beginning week in September.
Who knows, maybe if the market do crash and we see a temporary fix by the government and the Fed, that will be the catalyst of BTC to go for the next leg of the bull run. I would be expecting it to happen in December 2021/February 2022 at the latest. But that's too far for anybody to try to predict what will happen.
I'm sorry I couldn't give you the entire details on how I got these informations but if you follow the stock market, crypto wallets, federal news and different sectors and their movements, macro economics and cyclicals then you'd get the point. The market will do what the market have to do.
Be safe trading!
ciao
The Only XRP Technical Analysis You NeedLike what I predicted in my past few TA's, crypto and the stock market is trending towards the downside both in respect to other markets (bonds) and the FED's sentiment (inflation). BUT, as bearish I've been with my past TA's and things unfolding to the downside, I want to give a quick update and share what the next moves could be. Remember this is not a financial advice.
I'm still leaning towards BTC going down to 12-24k, but with how things are unfolding, I'm beginning to think there will be a set up for both bull and bear trap before going down to the indicated targets. I would not be surprised if we get a rally towards 40-50k before heading down to 24k. I would assume both exchanges and whales will attempt to liquidate both long and short positions. According to my BTC chart and my stock market charts, I'm expecting to see one more leg up for BTC before going to the downside. So be careful if you're thinking about having a short or long position. In the past, whales have been able to manipulate the market and increase the price by 20-30% in a matter of hours, and bring it down as quickly too. In the past Tether printed more USDT and bough bitcoin with it, few days later Tesla and Elon announced that they're buying bitcoin which prompted a rally towards the 60k btc. I've been tracking both whale wallets and different crypto exchange movements, and they have been printing more USDC and USDT, while also injecting more coins in these crypto exchanges. Be very careful.
xo
Friday: Ripple - Week 28Hello Traders! Check Related Idea for market context!! Looks like the structure will break the low, and then we can look for bullish clues to buy.
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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The Only Technical Analysis You Need: Emergency Update!!!!Be fear not, if you've been following me on my TA then these dips are expected. But let me tell you the rational behind the market right now to give you some peace of mind and some idea of what might happen next.
Like I said before, Alt coins are correlated to Bitcoin, and Bitcoin is correlated to the Stocks market.
You cannot make TA about XRP while disregarding Bitcoin and the stocks market. If the stocks market go down, so will BTC, and so will XRP.
Now why are we dipping? To put it in simple terms. The stocks market is reaching its peak and is becoming more unstable as it gets higher therefore the expectation is that there will be huge incoming correction for Dow, S&P, and Nasdaq. Everyone is pulling out their money in different markets, including the crypto market, to protect their assets and investment from this anticipated correction.
The dip you're seeing now was partly the result of the CPI data (inflation report) that came out this morning, which reported a spike in inflation, therefore sending the stock market into panic. But the most important part was the Bond Auction data that came out later in the afternoon today, at 1pm exactly which is now sending the market even deeper.
Now here's the play, when inflation goes up the FED usually raises the interest rate, and when the rates are high, the bond goes down. The bond market is going down, taking all of the market with it, in anticipation for the FED's chairmans testimony tomorrow at 12pm. IF the chairman says anything about inflation and the rates, perhaps that will be the catalyst for the stock market correction and the crypto dip we've been anticipating since last month.
If that happens, then according the indicators we'll be expecting a 5-15% correction of the stocks market, and I'm expecting it will be even worse in the crypto market, perhaps the biggest dip this market will ever see so far during a bull run. If not then there's a possibility that we will have a major fake out all the way to 40-50k BTC before going down to the target I've indicated. This dip will not happen in a day but perhaps gradually. Now I'm not here to spread FUD or anything, just relaying these information like I've been doing since the beginning. It's completely up to you what you want to do and this is not a financial advice.
stay safe trading everyone
xo