XRPUSD top-down analysis Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Xrpusdforecast
XRPUSDT 12h Medium-term trade - our target $0,44At the beginning of the month, we published the XRPUSDT trading pair idea on the daily time frame to cover the last two years of trading and show the main liquidity zones.
Then we wrote that in the coming days the main task for buyers is to keep the XRP price above $0,30.
Well, 11 days have passed and at the moment, XRPUSD buyers have completely coped with this task.
Accordingly, those who like or believe in the Ripple project, or those who care about risk management in trades, can issue the following order:
Entrance $0,315-0,325
Stop $0,2874
TP - $0,44
P/L ratio - 3.7/1
This is the target for medium-term trade. The global growth target is higher, but more on that in our next reviews of the XRPUSDT trading pair.
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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 :)
XRPUSDT 1D XRP buy zone for medium-term trade is already closeFor more than a year, Ripple price has been falling in a downtrend channel.
Currently, the XRP price is at the bottom of the channel and is trying to form a reversal pattern.
If in the coming days, the buyers do not allow the Xrpusdt price to fix below $0.30, it will be a good signal that the bottom has been found. And when aggressive purchases appear, as soon as the price will be approaching this level, increased trades volumes - it will be an excellent signal to switch to the side of stronger buyers. Well, then it will be possible to start working out the blue scenario
If the situation on the market allows sellers to fix the price of Xrpusd below $0.30, then the way will be opened for the continuation of the fall, at least by -20%. In this case, the liquid level from which it is worth looking at purchases again will be around $0.25
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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 :)
XRP: If we break we sell!!XRP
Intraday - We look to Sell a break of 0.3188 (stop at 0.3281)
Daily signals are bearish. Trend line support is located at 0.3190. A break of bespoke support at 0.3180, and the move lower is already underway. Expect trading to remain mixed and volatile.
Our profit targets will be 0.2952 and 0.2902
Resistance: 0.3300 / 0.3400 / 0.3480
Support: 0.3180 / 0.3100 / 0.3000
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If we are lucky, XRP price could go up +50% in the near futureTwo weeks ago, we analyzed in detail the possible scenarios of XRPUSDT price behavior.
There was a parsing of the XRPUSD price at different timeframes and a parsing of the XRPBTC pair and a warning about a possible strong drop in the Ripple price in general.
For those who are interested, we recommend re-reading our previous idea:
And today, let's break down the current situation.
For more than a week, there is a consolidation of the XRPUSDT price in the narrow range of $0.40-0.45 on the chart
A positive exit from this consolidation will be a growth at first to the strong mirror level of $0.51, which is unlikely to be broken up by the buyers at the first attempt. After the shallow correction, the growth might extend to $0.58.
A negative exit from this consolidation could be a fixation below $0.36 and a continuation of the fall to $0.24, which we already wrote about in the previous idea.
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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 :)
Powerful impulse of XRP price movement soonToday we bring to your attention the global schedule XRPUSDT
Roughly speaking, last 12 month, the price of XRPUSD in broad consolidation.
The main question is whether the consolidation will continue in the form of a triangle or the price XRP will update the lows to $0.44 and move in the form of a channel.
After today's sharp fall in the cryptocurrency market, the price of Ripple is at an interest point, where you can get a good medium-term trade.
Entrance to the position in the area of $0.59
Stop below $0.55 (-5% of entry point)
Take profit around $0.77-0.80 (+ 30% of entry point)
Profit / loss ratio 6/1
_______________________________
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 :)
XRPUSDXRP/USD has cascaded lower in the past day of trading, and is approaching troublesome mid-term values as support levels have proven vulnerable.
As of this writing XRP/USD is traversing only slightly above the 64 cents mark, this after suffering a steep downward trend. On the 28th of March XRP/USD was near the 91 cents juncture and sentiment appeared ready to launch another leg upwards as sentiment was seemingly ready to proclaim the death of the long term bearish trend. Instead the price of Ripple started to languish, following in the footsteps of the other major cryptocurrencies.
On the 11th of April XRP/USD fell to a value slightly above the 68 cents, but on the 16th of April Ripple climbed backed towards a rather optimistic 80 cents. However since the 19th of April, XRP/USD has taken a darker tone. The price of XRP/USD on the 19th traced above 77 cents, but since then has seen a steady decline and the past couple of days starting on the 26th the price of Ripple has suffered. After breaking below the 68 cents price, XRP/USD has suddenly seen increased downward sentiment arise and the value of 64 cents is now being challenged.
XRP/USD has tested mid-term lows and is now coming within sight of depths it has not touched since late February. On the 24th of that month, XRP/USD challenged the 62 and half cents level, but then produced a solid bullish climb to the highs produced in late March. The month of April has not been easy for day traders of Ripple who have pursued upside, and as the month of May gets set to begin uneasy sentiment will have to be considered. Day traders who seek reversals upward certainly have important technical support to inspect, but the question is if these support levels will prove durable or if they will be swept aside?
XRP/USD is a solid barometer of the broad cryptocurrency marketplace and the acknowledgement that nervous sentiment is not only bubbling once again, but starting to produce significant lows for many of the major digital assets is troubling. When the month of April started speculators may have been having visions of new highs being attained in Ripple and the 1.00000 mark being targeted. However, XRP/USD has fallen and is showing little in the way of ability to produce a sustained reversal higher. XRP/USD is dangerously close to February lows and if these values are sincerely tested, traders may believe prices seen in the last week of January could be engaged.
Ripple Outlook for May:
Speculative price range for XRP/USD is 0.55000 to 0.85400.
If the 63 and half cents support level falters short term, and the 62 cents mark is seriously challenged, alarm bells could be quickly sounded within Ripple. If the 62 cents mark is touched and broken lower, a significant test of lower prices could ensue which would test January prices near the 59 to 57 cents levels. While these levels may appear technically hard to break lower, traders need to understand the current values of XRP/USD now being traversed are within sight of these lower price levels. If the 64 cents level fails to be sustained, and trading doesn’t produce a sustained reversal past the 66 cents price, nervous sentiment may cause speculators to sell.
Traders who remain bullish and believe XRP/USD and the broad cryptocurrency marketplace will soon produce a turnaround cannot be blamed. However, day traders who seek upside momentum may find that they are too early and the trend is hard to capture. It may prove more worthwhile for some speculators to wait for XRP/USD to create upside momentum and break through the 65 cents level before pursuing buying positions. Targets should be kept realistic by all speculators. While the 66 to 68 cents levels may seem quite attainable, using take profit orders and cashing out winning positions if they are achieved is often the best choice. If XRP/USD were to break 69 cents and sustain this price, traders could not be blamed for thinking the 70 cents juncture is about to be tested.