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Xrpusdforecast

Technical Analysis of XRP: Upside Potential and Downside RisksCurrent data indicates that the XRP price is struggling to start a steady rise above the $0.50 level. The price needs to settle above $0.50 and $0.510 to gain upward momentum in the near term. The XRP price has started a slight upward move from the $0.4765 area. It is now trading above $0.4850 and the 100-hour Simple Moving Average. There is a short-term rising channel forming with resistance at $0.500. Losses extended below $0.50 before buyers emerged, as the price tested the $0.4765 level and recently started a recovery wave. The price faces obstacles near the $0.4980 and $0.50 levels. The main resistance coincides with the 61.8% Fibonacci retracement level of the recent decline from $0.5105 to $0.4765. If the resistance at $0.50 is surpassed, the price could move towards the $0.510 level. The next resistance is near $0.520. Closing above the $0.520 resistance zone might push the price to the $0.5320 level, and if this level is exceeded, there could be a steady rise towards the $0.550 resistance. Any further gains might drive the price towards the $0.5650 resistance. If the price fails to overcome the resistance area at $0.50, it may start to decline again. The initial support on the downside is near the $0.490 level and the channel area. The next main support is at $0.4840. If there is a breakdown and a close below the $0.4840 level, the price may gain bearish momentum, in which case, it could trade below the recent low at $0.4765 in the near term. We recommend closely monitoring the resistance levels at $0.50 and $0.510. If the price manages to surpass these levels, there might be a buying opportunity targeting the $0.520 and $0.5320 levels. On the other hand, if the resistance is not exceeded and the price fails to stay above critical support levels, it might be better to avoid buying until a clear rebound point is confirmed. It is also crucial to follow news and events that could affect the market in general and the XRP price in particular.
BITSTAMP:XRPUSD
by bbitar
Xrp zone to open longPotential zone for XRP BINANCE:XRPUSDT Possible Targets and explanation idea ➡️Absolutely no make sense in this victory against SEC. What people waited over 5 years ➡️We swept one liquidity pool and road now open to another ss liquidity ➡️At that level also we can find out based on TP indicator buy line and fundamental price ➡️No money inflow now in XRP based on MP indicator ➡️block for potential long marked! target take profit line on D. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
Long
by Crypto4light
XRP Price Danger Zone: Key Support Levels to WatchRipple's (XRP) price has seen a significant decline after failing to maintain the critical support level at $0.4840. This drop led the currency to fall to the $0.4750 level, raising concerns among traders about the possibility of further losses in the near future. XRP has faced strong selling pressure, causing it to trade below the $0.4880 level and the 100-hour Simple Moving Average (SMA). With continued bearish pressure, it has become essential to closely monitor key support levels such as $0.4740 and $0.470. If XRP manages to hold these levels, we might see attempts to regain some bullish momentum. However, breaking below these levels could indicate further declines towards the next support level at $0.450. This article will focus on analyzing the current situation of XRP's price, highlighting the important support and resistance levels that traders need to monitor carefully to protect their capital and avoid potential risks. Resistance Levels: First resistance level: $0.4820 Second resistance level: $0.4850 Key resistance level: $0.4950 Next resistance levels: $0.5050 and $0.5250 Support Levels: First support level: $0.4740 Second support level: $0.470 Next support level: $0.450 Current Trend: The currency is currently trading below the $0.4880 level and the 100-hour SMA. There is a downward trend line forming with resistance at $0.4880. Buying at Support: It is preferable to wait until the price reaches the key support levels ($0.4740 and $0.470) before making a buying decision, as these levels represent strong support points where the decline is expected to halt and the price might start to rise again. Buying at these levels can provide an opportunity to acquire the currency at a low price, increasing the likelihood of achieving profits when the price rebounds upwards. This way, risks are minimized, and the chances of benefiting from future upward movements in the market are increased. Taking Profits at Resistance: In case of a price rise, the mentioned resistance levels ($0.4850 and $0.4950) can be identified as areas to take profits. Resistance levels are points on the chart where the price is expected to face difficulty in continuing to rise, and it might stop or decline due to a large number of sellers willing to sell at these levels. Therefore, when the price reaches these levels ($0.4850 and $0.4950), traders can decide to take profits from the purchases made previously at the support levels. This helps secure their profits before the price declines again. It is important to monitor price movements around the $0.5050 level, as this level is considered a key resistance. If the price exceeds this level and stabilizes above it, it might indicate strong buying momentum and continued upward movement. In this case, the price is expected to rise towards the next resistance level at $0.5250, providing an additional opportunity for greater profits. Hence, monitoring price movements around these important levels can help traders make informed decisions regarding taking profits and managing their investments effectively. Risk Management: If the price breaks the $0.470 support level and closes below it, it might indicate further decline towards $0.450. In this case, stop-loss orders should be placed below the $0.470 support level to avoid further losses. Caution and effective risk management are crucial to avoid significant losses in case of any sudden market fluctuations.
BITSTAMP:XRPUSD
by bbitar
CAN WE FINALLY START IT? XRPThis week is very important for the Ripple legal case, and some millions are moving from Ripple. Can this be a sign of an agreement with the SEC? Last year, a positive new has pumped the price of XRP to $0.9. This time, also considering the actual Bitcoin price, i think that an end at the case can teleport the XRP price to a new ATH. Personally, i am increasing my long exposure, keeping a safe stoploss below 0.25. Risk to reward (0.25 SL, 3.5 TP) is again extremely good
Long
by SaliJournal
XRPUSD Fractal Suggests Breakout to $7.70 Imminent The first chart shows XRPUSD from May 2017 to Dec 2017. The second chart shows XRPUSD from early 2021 to current. Both charts start off with a "U" shaped dip and rise, followed by a slow decline to the support level of the "U" (shown by a white sine wave). The yellow curve on both charts shows price dropping below this bottom to a new low. Purple line marks higher highs with 2 notable jumps, shown in orange. At the end of the first chart, XRPUSD breaks out and goes from about $0.20 to $3.30, an increase of 1500%. If the second chart also follows the same break out from current bottom of higher high trend line, which is $0.50, a 1500% increase puts the target price at $7.70. Disclaimer: Keep in mind that market predictions are about as reliable as a weather forecast in outer space. Use this analysis as a conversation starter, not as financial advice. Investing in cryptocurrencies carries risks, so do your homework and make informed decisions. Remember, no crystal balls here—just a pinch of insight and a dash of caution
BITSTAMP:XRPUSDLong
by Sikbh
3
XRP RIPPLE Technical Analysis & Trade IdeaXRP is showing a bearish bias on the daily and 4H timeframe. A break of market structure to the downside on the 4H chart with lower highs/lows reinforces this sentiment. Intraday Opportunity: We are looking at the 61.8% retracement for a sell opportunity with SL placed above the previous highs, and targeting previous lows. Disclaimer: Please note that this analysis is purely technical and not to be construed as financial advice. Always conduct your own thorough due diligence and implement sound risk management practices before executing any trades.
Short
by fxtraderanthony
#XRP (Ripple) Technical Analysis and Trade IdeaXRP exhibits clear signs of bearish pressure on both weekly and daily timeframes. The formation of lower highs and lower lows signals underlying weakness. Price has now reached a key support level, raising the potential for a retracement and a short entry opportunity. Potential Trade Setup: - Entry: Consider a short position upon a retracement, targeting previous weekly and daily lows. - Rationale: Price action suggests continued downward momentum in Ripple, and the current support level may prompt a temporary bounce before further declines. Important Disclaimer: This analysis reflects my personal market interpretation and does not constitute financial advice. Always conduct your own independent research and thorough risk assessment before making any trading decisions.
Short
by fxtraderanthony
Do you believe the x2 growth of the Ripple XRP price ?The XRPUSDT trading pair is very specific, it moves as it wants and when it wants, regardless of the market trend. The abnormally large issue of 100 billion coins, half of which are currently in circulation, makes XRP "clumsy". But this does not prevent XRP from having a large caste of fans who believe that "soon" the price of XRPUSDT will reach $10, although they have believed in this since 2017 and may have been holding it since then ;) Miracles rarely happen in the world, but perhaps the XRPUSDT price is again preparing for a rapid x2 growth to the $1 area ?) What do you think? It was really good in the summer, can they do it again?
Long
by P_S_trade
10
XRP GETTING READY FOR THE BULLSJudging by this candlestick, the neat chart pattern formation indicate a strong bullish momentum, as well as a clear support and resistance zone. I expect a retest of the 0.6570 resistance soon. If it breaks and holds, we’ll be heading towards the next target at 0.6680, followed by the 0.70 and 0.73 levels that we saw on Nov 23rd. My theory . . . when price breaks and holds above that line, the bulls are going to have an epic rally up the chart! Only time will tell. Please share your thoughts, opinions, predictions, criticisms, etc.
Long
by Y2K_B
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