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Xrpusdforecast

🔮🔥XRP - Critical Levels to Watch🔥🔮What's up traders!👋 In today's breakdown, we cover one of our favorite altcoins in XRP. Let's cut right to the chase and dive in... CHART KEY: Supply: 0.523-0.529 (red zone) Demand: 0.492-0.501 (green zone) Other key levels: 0.511-0.514 (grey zone) XRP has clearly slowed down since our last analysis on it and has been trading inside this channel between ~0.49 and ~0.53 this whole week. Our original plan of avoiding any substantial downside play is still valid since we have continued to hold demand around ~0.49 The true risk to reward remains on the upside still with demand at 0.492-0.501 holding up. We would need supply at 0.523-0.529 to be broken for a high conviction / big move. However, shorter term short plays are valid now that we have identified this channel and seen the strength of it - all we need to do is be cautious of shorting into demand and longing into supply until either of those levels are broken with conviction. We are currently trading in a key zone between 0.511-0.514. We need to be cautious of this zone if we're bullish and cautious of demand below if we're bearish. ✅ Bullish Case: you want to see price break past this 0.511-0.514 zone, pull back into it, show that it will hold this level and find strength here for a move past or into supply at 0.523-0.529 again. Or you want to see price pull back into demand at 0.492-0.501 again, support build up again for a move back past or into this ~0.511 zone. The big upside play would be to wait for supply at 0.523-0.529 to be broken and have it become new demand if it pulls back and finds support there for possibly a big move into the highs from a couple weeks ago. 🟥 Bearish Case: you want to see price reject this 0.511-0.514 zone, pull back into it, show that it will hold resistance here and find weakness for a move back into demand at 0.492-0.501 again. Or you want to see price approach supply at 0.523-0.529 again and reject for a downside move. The big downside play would be to wait for demand at 0.492-0.501 to be broken and have it become new supply on a pull back. So what do you think? Where is XRP headed? Boost and comment your thoughts below! We'll see you in the next one -The AlgoBuddy Team
by QuantVue
2
Ripple XRP price is trying to grow. How long will buyers last? While almost the entire crypto market is trying to correct and prices are falling, the XRPUSDT price is trying to grow. Well, XRP buyers can afford the growth now, given the fact that in the previous months, while the entire market was growing, and some assets even made +Xs, the XRPUSD price did not fall at least) That's how they are "crypto-anarchists" who believe in Ripple) But seriously, the first resistance from above is near $0.415 And if we look at the XRPBTC chart and the room for growth We can assume that the XRP price will be able to reach $0.50 in the near future. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
73
Ripple XRP price formed a trend reversal pattern. What goal?3 days ago, on the chart XRPUSDT prices formed a beautiful and convincing "Inverted Hammer" reversal pattern The large shadow of the Japanese candlestick indicates that sellers pressed the price down with great force, and broke many longs' stops in the highlighted blue zone. But there was an aggressive and voluminous buyer who was able to sharply buy back the fall at the right moment. Purely theoretically, in the current low-volume market, one "big player" who wanted to buy a lot of XRP at the same time could have organized this show: + First, the "big player" on various platforms places limit and hidden buy orders for XRPUSD in the range of $0.305-0.31. And then systematically starts selling XRP and presses the price down. Arbitrage bots simultaneously make sales on different platforms by repeating this maneuver. And then the cascading triggering of stop orders and margin calls, which were hidden behind each of the previously formed "pins" As a result, the "big player" who started this show received a large flow of orders for the sale of XRP, which fully filled his "buckets" for the purchase. When the big player gained a position, he bought several XRPUSDT market orders and organized an aggressive buyback, and it was easy to do this because the glass was empty earlier. + The second goal that could be achieved by such a maneuver is the "destruction" of competitors who have taken long positions over the past 6 months. Nothing personal - only business - it will be much easier for the XRP price to grow if few people will fix profits by selling their XRP, which can freeze the growth. + Well, the third goal is the formation of the Inverted Hammer reversal pattern, which will give everyone a signal: "it's time to buy". The goal of this pattern is to increase the price of XRPUSDT to at least $0.40-0.41. In general, on the chart, we have depicted the possible movement of the XRPUSDT price in the medium term until the end of spring. Target $0.60-0.65 and higher _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
54
Ripple XRP price ready to change the trend to growthThe name of the idea speaks for itself. To see the global trend channel of the falling price of XRPUSDT, we invite you to take a look at this idea 👇, because today the analysis will be on less timeframe. The main achievement of XRP can be considered that the price did not update the lows that were set in June 2022. It's hard to pronounce it, but: buyers of XRPUSD showed more strength than buyers of BTCUSDT, who allowed the price to update the lows of 2022.) This means that the time has come for the realization of the strength of buyers. We see this in the form of the future growth of the Ripple price along the following route: Growth impulse - consolidation under $0.50 - growth impulse - breakout of the trend line - reaching the local target of $0.60 - $0.65 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
22
XRPUSDT LongWell, unfortunately, I was stopped out in the previous trade. The price is still forming a falling channel / flag, and I am anticipating that there will be a strong bullish momentum. After retesting the upper trend line, I will enter my trade @0.47 and my Target is 0.59. Stop loss will be positioned @0.43 My targets are 0.51 ( R:R 1: 1), 0.55 (R:R 1: 2) and finally 0.59( 1: 3). My R:R is 1: 3 and I am using the rising channel chart pattern to enter my trade. Remember, use 1 - 2 % of your account.
Long
by Vapari_Inc
XRPUSDT 4h XRP price behaves strongly on an uncertain marketA month and a half ago, we published a global idea for a pair XRPUSDT, please familiarize yourself with it, because it is working. Then the price behavior of XRPUSD and BTCUSDT was similar, but now they are different. While the BTC price is thinking about renewing the minimum or not, the XRPUSDT price is trading +25% above the minimum recorded in June 2022. That is, the XRP buyers show that they are strong, despite tomorrow's meeting of the Fed and the totally negative sentiments of the participants of the cryptocurrency and stock markets. There will definitely be increased volatility in the market tomorrow. If you used our thoughts from the previous XRPUSDT idea, then place a break-even stop at a position around $0.330, and you will be lucky) Holding a XRPUSDT position if the price is able to consolidate below $0.330 can be dangerous for your deposit. And now the bonus if you want to hear our thoughts on tomorrow's Fed meeting, what will happen with the rate and how it may affect the cryptocurrency market, then subscribe to us on Tradingview. Early tomorrow morning, we will publish an idea on the BTCUSDT chart, and in the description we will write our thoughts about the meeting of the Fed and how the change in the rate can affect the cryptocurrency market. Well, if you are subscribed to us, you will first receive a notification about a fresh idea, and accordingly you will have more time to make a trading decision. _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
19
XRPUSDT "Double bottom" and a rise to $0.60 or fall to $0.21?Global chart of the XRPUSDT pair on 3-D time frame. Now, probably, completing the formation of the "second bottom" The goal of working out such a pattern is in the area of $0.55-0.60 per XRP Also, Ripple price is now near the critical point of $0.30 . If the sellers manage to fix the price below $0.30, then nothing will prevent it from falling to the bottom in the zone of $0.21-0.25 In principle, the situation on the XRPUSD chart is very similar to that on the BTCUSDT chart we wrote about earlier. _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
21