XRPUSD flagsXRPUSD has been consolidating in the 1.3 - 1.4 area and has formed two flags, one within the other.
IF we break out the top of the blue channel we can see a move up to just below the 2 dollar mark. If we see that happening and we can get past the $2 psychological barrier the move may continue over time to the 2.87 area.
Fro now though we have been blocked by the resistance area between 1.4 - 1.46 and we will have to clear that with some strong volume or risk a move down to the bottom of the channel at $1 or even down to the next support at 0.9.
For now I need to see that move higher and decent volume to back it otherwise we may move to 1.46, get rejected and move rapidly down to the areas of support mentioned.
Not financial advice just calling what I see. Any constructive criticism is welcomed.
Xrpusdforecast
Ripple- Don't get too excited, 1.20-1.25 is the ceilingAs I expected, XrpUsd has dropped under 1usd important figure. Of course, this strong sell-off was followed by a rebound and Ripple managed to recover some of the losses and is trading back above 1usd.
However, If we take a closer look, the rise is clearly corrective in nature and XrpUsd has a very strong confluence resistance between 1.2 and 1.25
A new leg of selling can start from this point and a new dive under 1usd is probable
XRP: Makaveli🦍Trader XRP update,Is it time to buy XRP pullback?XRP bulls are not done yet but pullbacks are normal in every bull run and this bull run still have a long way to go as we have only recently experienced wave 2 on the daily chart, The big question remains is it yet time to start buying the pullback since we are till in a bull trend? Thank you for your constant supports to our channel, Do subscribe if you are new to our channels.
For the sake of new traders(Bulls: means Buy force and Bears Means Sell Force, Support: means an Area where majority of traders place buy orders, Resistance: Means an Area where majority of traders place their sell orders, Consolidation: Means a sideways market where price is in stagnation as a result of equal buy and sell force, Force: means Money)
My last analysis I talk about xrp seeing a pullback to 1.26 to 0.6 after hitting 1.5, but the pullback ended at 1.29 where the bulls over powered the bears to hit the upper part of the bears resistance line of the channel at 1.96. This is very normal in a bull market especially one like xrp as a result of the parabolic spike from the long time consolidation since the drop in dec 2020 to 0.2 area support. It is also good to take note of the current
Let's take a closer look at the consolidation on the 4hrs chart :
We see that the price has been moving sideways since few day past now and shows since of break out soon but the question remains, will it break out to the upside or to the downside?
From my view of this consolidation we are likely to see a bounce of some sort to the upside as price is still currently on support but this support need more buy power to break the current resistance at the $2 range. the most likely support to this job better will be the $0.8 to 0.6 support area as this will enable the bulls hit $3 next. the current parallel channel shows strong resistance and possible support area.
In my opinion I still see possible 0.8 to 0.6 on XRP so I will definitely be patient for this if you are in for a long term on XRP
XRP - The Trap Has Been SetAnalysis:
- Fibonacci Retracement
- Support & Resistance
- Order Block Flow
- Market Maker Method
Inflection Point: $1.25 (Point Of No Return)
Target 1: $1.49667
Target 2: $1.11964
Target: $0.64172
Opinion:
Despite the massive bull run up I do believe a 50% - 70% correction is inbound
My reason being is that this rise has no fundamental backing
The SEC case has not been resolved and XRP has not been re-listed on major exchanges
I do not believe the powers to be will reward retail traders
I attached my previous markup that I did before the rise
I will be looking to trade this move both ways with an emphasis on shorts
XRP/USDT : Not a good time to buy BINANCE:XRPUSDT
Hello everyone 😃
XRP is moving below a bearish trendline, How ever it's seems like a pennant.
Also Indicators are overheated on high timeframes.
It's not recommended to take long position for XRP right now.
By the way, MA 50 has reached movement and it's trying to support movement !
So it will cause a retest on bearish trendline and then major target will be next support zone around 1.5$...
🔴 Any 4H closes above bearish trendline will change direction !
BTC is at support line, so we might see a little bullish recovery on market after current dive.
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
Ripple- Buy after the break for 2.1 targetRipple has risen 300% in only 12 trading days, and the cryptocurrency seems determined to make up for the lost time.
From a technical perspective, after reaching 2usd zone, XrpUsd is in a small correction/consolidation and is forming a triangle continuation pattern on smaller TF.
A break of this pattern would signal that the consolidation is over and the measured target is 2.1
Updated- XRP:USD short term trend analysisThe driving application for pattern is based on fractals from 2017
This is an update from mid week last week
44 waves in total over ~60 weeks.
where are we now?
we have completed waves
1,2
we are headed to wave 3
wave 3 target
1.80-2.20
1.80=2017 fractal lift
2.20=0.236 FIB level 4yr trend based fib extension
2.00=3.618 on 1.50 push
begin break FIB time bar 13 (yellow vertical)
wave 4 target
0.86-0.59617
correction range large due to
high=0.86/probable support (long term support trend)
low=0.50 FIB level on 4 yr trend based fib extension
target fib time bar 34
wave 5 target
5.00 - 6.20
6.20=2017 fractal lift
5.00=3.618 FIB based on 0.86 retracement from wave 3 to 4
target FIB time bar 55
XRP - The Sleeping Giant Set To AwakenI've posted about XRP in the past when it was below $0.20, a lot has happened since then, including the massive FUD campaign aimed at getting many holders to dump their positions. I honestly believe the MANY bearish headlines we've seen have been simply to instill fear in the market. Being 100% honest, I'm not an XRP fanboy at all, but I simply look at the chart from an unbiased position and match it up with fundamentals to come to this conclusion. Looking at the XRP chart again, we still see a VERY similar price action pattern playing out. A break of this very long channel could result in a large move from the so-called "Sleeping Giant". Often times in markets, the moment you are NOT paying attention is the moment you SHOULD be paying attention. XRP has been stealthily moving up in price as many ignore what's happening in the charts. Simply put..... It's time to pay attention.
Remember, be patient, stay level-headed, non-biased, and ahead of the crowd.
Falling Wedge and Triangle Formation. KEY LEVELS!Many has mentioned a breakout to higher targets, Yes there is a huge triangle on the 1 hour chart, but there is also a "hidden" wedge present.
We are most probably going to get a retracement to the levels showed in the chart.
Remember, already in 2018 the Sweedish Central Bank had moved liquidity worth over a 1B SEK via Ripple.
You really think they do not know what they are using?
Have a great day, and good luck :)
If you want to educated yourself : www.youtube.com
XRP 1D Good growth, time for correctionOver the past two months, we have published two ideas on Ripple
First, there was a global idea, which now reaches the global goal with a result of + 250-300%
And two weeks ago, they published a short-term idea of XRPUSD, which fully worked out.
Well, it's time to take profits.
Broadly speaking, XRPUSDT longs will be fixed in the $1.10-1.25 zone.
If you want to take risks and have the opportunity to follow from price, then you should carefully monitor the behavior of the XRPUSDT price in the zone of $1.20-1.25
It's time for such a strong growth to be corrected, and the best level for correcting the XRPUSD price will be $0.72-0.74
_____________________
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Its about time! I've been holding XRP since November 2017 whilst continuing to buy more along the way. Its been extremely hard to keep the faith during its very long period of capitulation. It currently forms 2/3rd of my speculative portfolio which shows my high conviction but also the fact that i am overly exposed to this crypto asset.
I've always been focused on the utility of the token with the end game being institutional adoption. Right now Ripple may have lots of partners who have signed up but i don't think that we have even seen a drop in the ocean when it comes to institutional adoption. I'm hoping that XRP goes to $17 - $18 within the next 12 - 18 months, however, why wouldn't it go to $50 000 - $500 000 per token once there has been:
Large scale institutional adoption.
Regulatory clarity in the US.
Complete deployment of all the XRP that is held in escrow.
More decentralized validators secured around the world.
lastly a household change in sentiment around XRP and its use case. Its such a hated crypto asset at the moment.
It may take another 10 - 15 years before all theses points can be addressed, however, as long as it reaches those insane numbers, it doesn't matter if it taken 2 years or 15 years.
The trading signals suggest that XRP may be overbought and in need of a healthy correction. Having studied the trading signals of different cryptos during their parabolic bull runs, these signals can become fairly useless as large amounts of capital flow into the various crypto assets. when bull runs happen in cryptos you simply buy and hold. If the crypto token corrects after a meteoric rise, don't panic. look to the end game.
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