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.
Xrpusdforecast
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
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 $5.84
-NeverWishing
XRP going upto 1.35$ !!!**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 $1.35. But unfortunately, in the future, it will see 0.17 cents due to these gaps. Good luck.**
XRP , TP is between 2.1 to 2.2$ !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.
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.
Is XRP Headed for the Stars? Weekly Analysis Suggests $660! By this point, it is widely acknowledged that XRP possesses significant potential, and when we say significant, we truly mean it. However, is it plausible for the scenario outlined in the weekly timeframe to actually materialize?
Should this scenario unfold as anticipated, it would imply a price surge to reach an astonishing 660 USD per unit of XRP.
XRP: Journey to the Moon as Non-Security Status Opens the SkiesIs the Second Technical Breakout Imminent After XRP's Non-Security Declaration?
Currently, we find ourselves at a crucial technical level on Tuesday. The 4-hour MACD suggests a bullish outlook, with a potential bullish divergence supporting the breakout towards the target at 1.5 dollars.
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!!
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>
XRP: The Ripple Effect of Opportunity!Today, I have some thrilling news to share that will surely make your heart skip a beat. Brace yourself for the Ripple Effect of Opportunity with XRP!
Now, let's dive right into it. You may have heard whispers in the crypto community about XRP's recent legal status. Well, I'm here to put those rumors to rest and spread some joyous tidings. XRP is NOT a security!
Yes, you read that right! The Securities and Exchange Commission (SEC) has lost so that XRP is not classified as a security. This monumental announcement has sent shockwaves through the market, igniting a rapid surge in XRP's value. And the best part? We're just getting started!
The beauty of this groundbreaking development is that it has unlocked a world of possibilities for us, the XRP enthusiasts. With the cloud of uncertainty lifted, we can now seize this golden opportunity to ride the XRP wave and make some serious gains.
So, what's the call to action, you ask? I encourage you to take advantage of this moment and immediately place your XRP market orders. Quick returns are within your reach, with the market poised for exponential growth. Don't miss the chance to capitalize on this exciting turn of events!
Remember, dear traders, opportunity knocks but once. The time to act is now! Let's ride this wave of positivity and embrace the immense potential of XRP. Together, we can make our dreams of financial prosperity a reality.
XRP Faces Rain ☔️ BTC & Altcoins Bullish Potential? 🐂While the crypto summer shines bright for most ☀️, XRP finds itself under rainy skies. 🌧️ This indicates a bear market 🐻 and a downward trend. 📉
ATTMO's short-term and one-week forecast predicts a slightly bullish market for Bitcoin and most cryptocurrencies, signaling upside potential. 📈✨
Stay updated with our crypto weather reports and follow us for more insights!
Bullish For XRP - Take A Look For A Second Opinion My perspective of XRP is generated through the knowledge and concepts acquired over the years, look within the lines to breaking down a pair and do listen, as at the end of the day you do "pay" attention - so please seek reward from your investment
Over and out - Ill see you on the next recording