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Xrpusdforecast

XRP → Ripple Heading Down to $0.53? This May Surprise You.XRP had yet another rejection off the top of the Triangle Resistance, pushing the price down below the Daily 30EMA. The crypto market as a whole is pulling back from its recent bull run. Are we going down? How do we trade this? 🤔 I believe the crypto market is going to reverse to the downside in the coming weeks. Refer to my recent Bitcoin lifetime analysis for those details: What does that mean for XRP? Given the large bear candle after contact with resistance closing below the Daily 30EMA, RSI below the Moving Average, the crypto market itching for at least a pullback if not a full blown reversal to previous lows, XRP has a high likelihood of touching the Triangle Support. The short-term trade option is to short scalp the market to the bottom of the Triangle with a 1:1 Risk/Reward Ratio. I would use a small position size give we have some distance from Resistance and that this is a scalp, which is inherently higher risk but in trade for greater probability of success. 💡 Trade Idea 💡 Short Entry: 0.61 🟥 Stop Loss: $0.67 ✅ Take Profit: $0.55 ⚖️ Risk/Reward Ratio: 1:1 🔑 Key Takeaways 🔑 1. Contact with Triangle Resistance, falling below 30EMA. 2. Last Daily Candle Closed Below 30EMA. 3. Gap to 200EMA and bottom of Triangle. 4. RSI at 44.00 and below Moving Average, Bias to Short. 5. Bitcoin Showing Signs of Reversal. Scalp Short. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Short
by TraderEngineering
How XRP Reacts to BTC Halving Events. I believe the settlement will be wrapped up in July 2024. Price is determined in a manner similar to a TV guide; it's booked years in advance. There is no organic price movement, and if someone makes a change in price from a large purchase or sell-off, the algorithm that controls these markets will make the necessary adjustments to keep the price on schedule, to which it's programmed to deliver. This is also why any price pump that occurs is accompanied by a reasonable excuse, like the BlackRock ETF, which was not real, but excuses will be made to protect the fact that the price is not organic and is being delivered by an algorithm that operates on a schedule. The random pumps we see XRP having appear to be more of a method of delaying price to keep XRP on schedule by Pumping price upwards and delivering price slowly downward to buy time to rebalance the algo so that it gets back on schedule. Whoever controls these markets knows exactly when the pumps will occur. We have some things to look out for. 1. Santa Rally near Christmas, $1-2. 2. If no rally in 2023, then look for our pre-settlement pump in mid-March 2024 to mid-April 2024. This is the window I'd look for some significant movement. 3. XRP is experiencing a flywheel effect, gaining speed faster and faster. We can see this when we observe how XRP reacts to BTC halving events. This most recent halving event is why I made the green box only a 4-month pump window, because with each halving, the price increases in the speed it's being delivered by the algorithm. Once the direction is set, there will not be opportunities to just 'sell off and get back in' at a low price. It simply won't happen. Too much utility is being implemented, and fundamentals have been built up during this lawsuit period. When XRP has clarity, it needs to be a high price for XRP to operate efficiently, so when the floodgates open, it will be a clean shot upward.
BITSTAMP:XRPUSDLong
by NeverWishing
1
XRP RIPPLE Technical Analysis And Trade IdeaConducting a meticulous analysis of the charts reveals a retracement in XRP from its recent peak. A discernible observation on the weekly timeframe indicates an overextended bullish trend with a current pullback underway. The pivotal query revolves around the extent of this retracement – will it deepen, or is there potential for a rotation at the current level, aiming for liquidity beyond prior highs? Our video delves into diverse time frames, culminating in the identification of a prospective trading opportunity grounded in market structure, price dynamics, trend analysis, and other critical facets of technical evaluation. It's crucial to emphasize that the insights presented herein serve an educational purpose exclusively and should not be interpreted as financial counsel. Engaging in the foreign exchange market and cryptocurrency trading inherently entails a substantial degree of risk. Consequently, it becomes paramount to judiciously integrate robust risk management strategies into your trading blueprint to adeptly navigate the associated challenges.
Long
by fxtraderanthony
4
XRP POSSIBLE 40% GAIN CLASSIC BULLISH DOUBLE BOTTOM hello traders so after doing a quick analysis on XRP it appears that it might gain 30-40% in the upcoming days / weeks . - the price formed a classic reversal bullish pattern : a double bottom on a key level . - the price broke the neckline of the double bottom violently and it appears that it went down to do some retesting . - if the price manages to break that neckline again we might see XRP reach that bearish trendline again and even break out of it and reach new highs . the break out will be the confirmation we need . if you liked the idea be sure to help me out with a like / boost and why not a follow its FREE ! i provide weekly signals and analysis on my tradingview for FREE! this is not financial advice just my humble opinion
BINANCE:XRPUSDLong
by xAB777
8
XRP $33 by Christmas 2023Hello again! Just squeezing some lemons here seeing what I can get out of XRP in my spare time. Use bars pattern tool and measure price in the 788 day periods and layer that price action over the other 788 day cycles you'll see price action is nearly identical only difference is price may be inverted here and there but it's pretty much the same old thing going on here pretty clear to see. Anyways It appears we will have some sort of correction in October and then November we begin pumping. Good chance we finish the year around a $33 XRP. EDIT: The two small vertical dotted lines in the blue zone are not showing their dates so I'll share them here. First one is (12/25/23 $33) & second one is (8/23/24 $268) and the high in November 2023 is $5.84 -NeverWishing
BITSTAMP:XRPUSDLong
by NeverWishing
18
XRP going upto 1.35$ !!!**A friend asked me if I think there is any hope for XRP to go up. I am presenting this analysis to my dear friend. The reason for the validity of this analysis is the Ichimoku cloud gap method, which has a very high accuracy. Therefore, the long-term first profit margin of XRP is $1.35 (of course, as I mentioned in previous analyzes with respect to the Gan method, the target is $2.1). In other words, XRP has no choice but to touch those points due to the gaps it has left behind along the way. And the optimal and reasonable point is $1.35. But unfortunately, in the future, it will see 0.17 cents due to these gaps. Good luck.**
by khosrooparviz
XRP , TP is between 2.1 to 2.2$ !XRP seems stronger than ever, and we may be in the beginning of wave four. Therefore, the price decline in wave four should end between 0.57 and 0.59 cents. If it stabilizes at these prices, we can say that the decline is a 38.2% Fibonacci retracement. The price growth and the start of wave five will be here, and wave five will be as long as wave three, with a target between $2.2 and $2.1. The time to reach the suggested prices: The price of 0.85 will be around late June 2024, and the price of $2.1 will be around December 2024. Please note that the dates are approximate and not exact. The analysis method: The analysis is based on Elliott waves, Gann fan, Fibonacci, and Ichimoku.
by khosrooparviz
7
XRP's Bullish Breakout: Inverse Head & Shoulders + Double BottomExcitingly, XRP's price action reveals a powerful combination of bullish patterns: the inverse head and shoulders and a confirmed double bottom on the one-hour timeframe. This alignment indicates a potential shift from bearish to bullish sentiment, signaling a promising breakout ahead. With the short-term target set at approximately $0.75, traders are on high alert, eagerly awaiting confirmation to capitalize on this potential buying opportunity. Caution is advised, as the cryptocurrency market remains volatile, but with the confluence of these patterns, XRP's short-term potential appears intriguing for those willing to seize potential gains. Stay tuned for further developments and trends to make informed decisions.
BINANCE:XRPUSDLong
by VanRojasCapital
Can XRP reach $35+The top chart shows XRP market cap whereas the bottom chart shows XRP/USDT. According to the trend analysis of XRP market cap, its highly likely that the peak will be somewhere around $1.3 TRILLION if flippening happens (overtaking BTC as the biggest crypto by market cap at the peak of the cycle). Last flippening happened during 1st Jan 2018 when XRP became Rank 1 by market cap. $35 derived from the percentage gain of the market cap sounds hypothetical because billions of XRPs are being released from escrow account to increase the supply, which is controlled by consensus. In such scenarios the best possible thing to do is to observe the market cap. Once market cap reaches $1.3 Trillion or 1.618 blue line of the fib channel, you can exit. These are just my views on XRP token. In the above statements, the term "market cap" refers to XRP market cap only. Do your own due diligence before taking any action. What is your target on XRP? Do share your views as well. Peace!!
CRYPTOCAP:XRPLong
by Swastik24
1
XRP Should consolidate and pump to target It is currently facing the horizontal resistance on 1W TF. It is looking strong after the breakout of the symmetrical triangle and the ascending triangle. It will follow the bullish path after the breakout of the weekly horizontal resistance. If it takes some correction then the lower marked horizontal support is a decent zone to accumulate. A mere possibility for it to touch on the lowest is 0.51 but with the news and the accumulation it has lesser changes to do so. The target remains same 1.20-1.33 as the target for XRP>
Long
by TheMoneySpark