XRP/USD - DON'T FALL FOR PREMIUIM (SHORT-TERM)Technical Overview: - XRP
We are at the top, do not buy now if you bias is bullish, we need to see market give us the opportunity
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Xrpusdforecast
Breakdown from the triangle.What I am currently seeing on the daily is the breakdown from the triangle, unsuccessful retest and subsequent drop.
Hovering just above 1.10 (1.12) previous resistance that seems to be providing some support at the moment.
A break of this level takes us to the next, and fairly strong support in the 1.0 - 1.02 region, also being a psychological support.
Breaking this brings inn play all the targets from my previous analysis where we bounced from the first support and that delayed this move down.
This is just looking at previous daily support levels and there are some other minor supports in the way of the move down but not looking too good for XRPUSD at the moment as the MACD is moving below the trigger line, RSI below 40 and moving down and declining volumes.
We are also moving below the Ichimoku which has been resisting the move upward with the bottom of the triangle.
If we were to move up we need to break these two levels and the strong resistance at 1.65 with enough volume.
For now I am bearish on this based on the TA above.
As we know however, it only takes one whale or some seriously good news or a sharp move from BTC to change all of that. Btw BTCUSD is also retracing from the resistance of the 100 EMA and therefore also not a very good sign especially taking into account the big drop from the ATH.
Let's see what happens.
This is not financial/trading advice and is as much for my own education as yours.
Please feel free to share your opinions so I may learn ;)
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XRP 3D What if this is the way to the absolute maximum?To begin with, we are traders, not fans of crypto projects.
For us, each crypt is another tool on which we want to increase our assets.
XRP is a specific coin that, with its growth in 2017, has created a whole cult of ardent fans called: "$10 Ripple".
It's been 4 years now, and XRP still can't get to the ATH mark around $3.30, which was set in early 2018.
But can it still be done in the coming months?
Let's take a look at the XRPUSDT chart globally
The fall on 19.05.2021 stopped in the zone of $0.75-0.85 depending on the crypto exchange - this is a strong mirror level.
At the same time, a large wedge can be drawn, within which the XRPUSD price is clearly moving, and buyers stopped the falls again at the lower border of the wedge.
In turn, the last two months, sellers were selling XRP around the level of $1.80 and the price was unable to gain a foothold above this level.
Based on the above data, we get a task with the following input:
- Buyers will try to raise the price of XRPUSDT again to the level of $1.75-1.80
- Sellers will again protect him, which is logical)
+ Winner Get All)
If the XRPUSDT price manages to gain a foothold above $1.80 , and then retest this level for strength, then the path will open for growth to the desired maximum around $3.30.
Moreover, Ripple can move on an individual trajectory without looking too much towards BTC.
If the assault on $1.80 for buyers turns out to be a failure , then there is no doubt that the $3.30 mark for XRP will be taken, but before that the XRPUSD price will fall by $0.40 to gain strength there for a new upward assault.
XRPBTC global chart is also interesting
During the last 1.5 years there were 2 attempts and now there is a third one to break through the strong mirror level 0.00003800sat . up, but buyers fail yet.
If buyers still succeed break upwards in this in the near future, then the next level from above is 0.00006000sat. Such a theoretical course of events can greatly help with the growth in the XRPUSDT pair.
If the attempt to break upwards fails, then the XRPBTC pair will continue to trade in the lower division, and the price in the XRPUSD pair will go to recruit new investors at $0.40.
Let's discuss the possible future of the Ripple price in the comments.
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The Only XRP Technical Analysis You Need, Part 3ETH have 3 possible move in the next few days/weeks which are all almost identical , but no way we can tell what would it be with the current trend right now. However, if we do see it march towards it's all time high ($4000~) then expect for it to fail and come back around ($2000-2500).
I would assume if that's the move then XRP will likely dip all the way to .75
We don't have enough indicators to tell us where we will be going which usually what happens after a major correction, so we could just move sideways for the past few days until the dust settles
I'm expecting to see XRP test its EMAs and tighten the gap between 20 and 40 EMA, forming a lower highs and higher lows.
I'm looking for a double bottom or a triple bottom indication for the next few days, if we do see XRP form those, then expect the pattern to be reversed
There's a huge possibility we go back to .75 before a major break out to retest the weekly EMA and take out the swing pattern from the past bull run before heading back up.
Ciao
The Only XRP Analysis You Need: Part 2, Cheat SheetObviously this is a little bit more elaborated than the past few charts I've been posting, but that being said, XRP is still following its Wyckoff Pattern to a T.
The lines are estimates and obviously in no way accurate representation on the exact price and date that these moves will happen.
Bitcoin is supporting ETH as it goes through it's 3rd quarter of its Wyckoff Pattern, at 4th quarter ETH will take a bite at it's new all time high, and I would assume Alt coins will follow and do their rotations afterwards
Wyckoff Patterns usually lasts for years but with crypto market and the "4 year cycle" narrative in play, the patterns are obviously going to be on steroids so trade with extreme caution.
If you have any questions, feel free to comment and I will try to answer them :>
Ciao
The Only XRP Technical Analysis You'll Ever Need, Part 1Here the cheat sheet for all of you. This is obviously far from done and will try to make more elaborate and specific charts with detailed explanations. But for now I hope this chart will give you the gist of what is about to happen. Please note that the days are estimate and in no way an indication that it will happen on that specific dates.
Let me give some context. The market is manipulated by different institutions and players who knows what they are doing and they are making it look like it's all done by a single person.
They are using the Wyckoff Method on Bitcoin, Eth, XRP, and other large cap cryptos to fleece uninformed, desperate, and easily influenced retail consumers in this market since it's pathetically unregulated.
I have outlined the quarter of the first half of Wyckoff Method that XRP is going through. Since last year. Eth is about to begin the last quarter of mark up rotation of its Wyckoff Method in a few weeks or perhaps days. Bitcoin already finished it's full rotation of Wyckoff Method and that is why Eth is next.
Bitcoin leads > Eth > Large market caps including XRP
You can use this method on Eth and Bitcoin and you will notice that they all follow the same pattern, but different times. I could explain to you why but it would take more explanations.
Y'all owe me dinner. :>
Ciao.
If the wedge works out, we could see another 281% rise We had a wedge forming in February through to March after which it broke out by 281%. The current wedge has been forming for just shy of a month now. I think we will see further downside before we see the next meaningful rise in the price of XRP.
Trading Signals
The trading signals suggest that XRP could fall to around $1.47 before it completes the wedge pattern.
This whole ripple/SEC case is really testing my patience. Doge is spiking without a use case and little old XRP is desperately looking for regulatory certainty before it can have any meaningful mass adoption by financial institutions.
Hold the faith. We've come this far, give yourself the change to go further.
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XRP, Ripple - wooow, only buy🔥A few days ago I showed you that the price is near a level. I was waiting for a breakout and retest and it happened. Now is a good entry point. But as always with the stop boss. One of the strongest reasons why I expect growth, is the large accumulation in the zone of $1.3 - $1.5 several times. Let's see what happens next...
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P.S. I personally will open entry if the price will show it according to my strategy.
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XRPUSD - RIPPLE SWING ANALYSIS XRPUSD - Good run up is there on the price, following the parallel channel, a small hurdle resistance is there on the top right now but the strength shows it can take out that easily, My approach will be bullish on this even from this price range taking stop around the support line as mentioned in the chart, Next upcoming move is drawn on the chart, Follow the levels as mentioned.
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A macro view of the XRPUSD chart - MonthlyHi all,
I have not updated any of my ideas on XRPUSD as everything is still moving according to plan. However, I do have an update on the price targets I am seeing for this cycle as more data is now available. I believe that once the price will push beyond $2 the ATH will be reach very quick and then surpassed. The minimum targets I am seeing atm would be the $11 -$13 where the top of the Fibonacci extension are based on the previous bull cycle. I will not dismiss a blow-off top where the price can go further up from those levels but do tread carefully if those zones are breached too as there will be a high risk of reversal. My current view is that we are in the middle of wave three of five and according to my calculations that could top over the current ATH. With both the RSI and the MACD having plenty of room to the upside I very bullish on this chart.
As always, this is not investment advice but my view on what the chart is showing at this moment. Good luck and make sure you have an exit plan in place and take profits along the way.
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.
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