xrpxrp technical analysis basically on elliott waves Principles and Priceaction strategy
xrp can be grow to 1.30$
wait and watch
Xrpusdlong
XRP correction has ended, It's time to BullRun!XRP is strong. According to the FibDiv strategy, we came to the buy zone, and we came to the buying level (0.59). Now is the accumulation phase, divergences are forming and sharp price rebounds are likely.
Buy the Dip: XRP's Breakout Sets the Stage For Test of $1.12?The XRP chart is shaping up to be quite intriguing following the massive breakout from the weekly accumulation period. So, what's next on the horizon?
The charts are indicating that now might be an excellent time to consider re-entering this pair. The colossal breakout not only breached the Monthly SUPPLY/SELL zone that was formed last year but also underwent its first successful test of that level, likely triggering stops at the spike high.
Since the breakout, we've been witnessing a gradual retracement back towards the initial breakout level. However, taking a closer look at the momentum of the price on the Daily charts, it seems we could be gearing up for the next bullish leg up.
Here's the XRP chart for you to check out:
My expectation is that the price will dip into the BUY zone I've marked in the image above. This zone holds significant importance since it coincides with the location of the previous weekly high that lost its validity due to the breakout, now serving as a critical support level. Right at this level, we find the 78% Fibonacci retracement level of the weekly swing up from 0.45, adding further weight to its significance.
With the price gradually slowing down towards this level, my confidence grows in accumulating more XRP. My approach involves patiently waiting for a dip into the buy zone, followed by a clear signal on my TRFX indicator on the 8-hour to daily charts before making any moves.
In terms of targets for this trade, the first one would be the swing high of the breakout at 0.95. And beyond that, I'm eyeing the Monthly SUPPLY/SELL level marked on the chart as the next potential target.
It's essential to approach this setup with caution and wait for the right entry signal, as that can make all the difference in a successful trade. I hope you enjoyed reading this analysis and find it helpful in your decision-making process. Happy trading!
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.
XRP: Inverse Head and Shoulders Backs Double BottomTitle: Inverse Head and Shoulders in 1-Hour Timeframe Supports Double Bottom Pattern
The cryptocurrency market has been bustling with excitement as traders closely monitor the recent developments in XRP's price action. A remarkable technical formation has emerged, pointing towards a potential bullish trend on the horizon. The combination of an inverse head and shoulders pattern along with a double bottom formation on the 1-hour timeframe has captured the attention of many investors, hinting at a promising buying opportunity.
1. Inverse Head and Shoulders Pattern:
The first notable development is the emergence of an inverse head and shoulders pattern in XRP's 1-hour chart. This pattern is recognized by three distinct troughs, with the middle trough (head) being lower than the surrounding two (shoulders). The pattern typically signifies a shift from a bearish to a bullish trend, often indicating an impending upward price movement. As traders eagerly eye this formation, it adds to the bullish sentiment surrounding XRP.
2. Double Bottom Formation:
Simultaneously, a double bottom formation has taken shape, reinforcing the positive outlook for XRP. A double bottom consists of two distinct troughs (lows) at approximately the same price level, separated by a peak (high) in between. This pattern signifies a potential trend reversal, indicating that the downtrend may be coming to an end and a new uptrend could be on the horizon.
3. Confluence of Patterns:
The combination of the inverse head and shoulders pattern and the double bottom formation creates a confluence of bullish signals, intensifying the belief that a significant price surge may be in store for XRP. Technical analysts and traders have been closely monitoring these patterns as they seek to capitalize on potential gains.
4. Confirmation and Price Targets:
While these patterns offer promising prospects, it is essential to await confirmation before making any trading decisions. A breakout above the neckline of the inverse head and shoulders pattern and the double bottom formation's resistance level would strengthen the bullish case. Traders should keep a close eye on price movements and look for increased trading volume to confirm the potential bullish trend.
As for the price targets, projections can be calculated based on the height of the patterns. Conservative estimates place XRP's potential target around the neckline's height, while more ambitious projections could reach the combined height of both patterns. However, it's crucial to remember that the cryptocurrency market is highly volatile, and unexpected fluctuations can occur.
In conclusion, the appearance of an inverse head and shoulders pattern and a double bottom formation in XRP's 1-hour timeframe has sparked optimism among traders. The confluence of these bullish signals suggests the possibility of a significant upward move. Nevertheless, prudent investors will exercise caution and await confirmation before making any significant trading decisions. As always, conducting thorough research and analyzing risk-reward ratios will be critical for capitalizing on this potential buying opportunity.
XRP Double Bottom: Fantastic Buying Opportunity?Anticipating a 145% Bullish Surge in XRP Ahead of FED Press Conference. Double Bottom Formation Creates a Fantastic Buying Opportunity. Short-term Potential Targets 1.7 Dollars. Check Out Our Idea for the Asset.
XRP - TO THE MOON continue or everyone will be deceived again?!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information.✅
Friends, a little conspiracy on the XRP chart! This is not financial advice, I'm just expressing my thoughts on a chart! Be careful if you are going to buy on the continuation of the uptrend.
Well, first, a little background:
Everyone probably already knows about the situation that began in December 2020, when the SEC sued Ripple Labs, as well as its two founders - Chris Larsen and Brad Garlinghouse. The SEC accused Ripple of illegally selling securities, arguing that XRP is considered a security and should be registered with the SEC. This caused a lot of controversy in the cryptocurrency community, as many believed that XRP was a digital currency and not a security.
The next two years were a time of intense lawsuits and court hearings between Ripple and the SEC. During the trials, both sides presented their arguments and evidence. And finally, the story seemed to come to an end, (why, I’ll seem to describe the situation below) and Ripple nevertheless defended its rights and proved to everyone that their cryptocurrency is not a security, and the positive immediately broke out on the market and the HODLERS of XRP coins sighed and someone even began to fix their earned Xs...
But not everything is so simple! The head of the SEC, Gary Gensler, commented on the court's decision, noting that the agency is "disappointed" with the outcome.
case involving retail investors, but "satisfied" in the part relating to institutional sales. “We continue to study and evaluate this decision,”
emphasized the head of the regulator. Answering a question about the development of new norms
for the crypto sector, Gary Gensler explained that it is still “too premature” to talk about it, as the litigation is ongoing.
In general: in short, there will probably be another hearing in this case, but when it is not yet entirely clear, perhaps this will happen when the SEC punishes some crypto project under new regulatory rules or wins a case against such a giant as Binance and then all other projects will flinch and begin to obey Gary Gensler. But if the SEC crap up again, then most likely the alt season may come earlier than planned, because XRP can prove once again that the SEC is just a speck in the cryptocurrency world and let them regulate in their yard, as they say) In short, other projects will also be able to exhale along with liquidity, that is, with all of us :)
Speaking from the technical side, I gave two examples of how the price behaved on the rebound of the global countertrend: the first situation was at the end of 2020 when the price rose at the moment by almost 10X (during the bull run) and the second situation is happening now when XRP won the case with the SEC, which lasted more than two years, also a huge positive. And the bounce we saw of 70-80% might not be the end yet if the second SEC VS XRP hearing results in favor of Ripple then a $2 bounce might just be a small push.
Guys, I repeat once again - this is not financial advice, but just my guesses and just thoughts, I didn’t buy a coin myself, maybe in the future I’ll go for a small percentage of the deposit, but before that I’ll definitely let you know.
XRPUSDT at 4h support, likely to head towards 0.83The price is at 4h support 4HS1. It shall bounce here towards 4h resistance 4HR1. It still has the strength and volatility for the trade on both sides. A long is favorable here towards 4HR1 zone which is sitting around 0.825-0.832.
XRP forming a bullish BAT for next pumpHi dear friends, hope you are well and welcome to the new trade setup of XRP coin with US Dollar pair.
Previously we caught more than 105% pump of XRP as below:
Now on a 2-hr frame, XRP is about to complete a bullish BAT move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
XRP: Strategizing Profit-Taking and Re-entry PointsAs XRP makes strides towards the potential $1 target before September 2023, technical data highlights that this milestone could offer a natural opportunity for profit-taking. The $1 mark's proximity to the weekly downtrending resistance makes it a crucial level to consider for securing profits.
In the event that this scenario unfolds as anticipated, closely monitoring the 50% Fibonacci retracement analysis suggests looking for potential re-entry opportunities around the 0.6430 level. This strategic approach aims to capitalize on chances to reinvest as XRP continues its journey towards reaching higher heights.
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.
Crypto Landscape Unfolds: XRP MACD Signals Bullish Trend Amidst Title: XRP's Bullish Momentum Surges as MACD Signals Positive Shift
The XRP cryptocurrency has recently experienced a notable positive shift in its MACD momentum, which marks the second occurrence following a series of optimistic news within the broader crypto industry. One particularly impactful development is the official declaration that XRP is not classified as a security. This announcement has sparked significant interest and enthusiasm among both the XRP community and potential investors.
In light of these recent developments, investors now find themselves pondering a crucial question: will this bullish trend endure and propel the ongoing bull run with unwavering momentum?
The MACD momentum indicator points to a positive shift and can be seen as a bullish signal for XRP's future performance.
The recognition that XRP is not considered a security is undoubtedly a major milestone for the project. Regulatory clarity can significantly influence a cryptocurrency's adoption and contribute to an overall positive market sentiment.
Pack your bags and let's travel with XRPThe first point for the Ripple currency is that it is in an upward trend and has reached close to one dollar, so the possibility of growth for this currency is stronger.
Considering that it can be said that it is out of the triangle, but if we consider the worst case, we can draw a triangle as shown in the image and consider the safe entry range after the blue box breaks.
XRP's Robust Run: Breakout Confirmed Above Major ResistanceAmidst turbulence in major cryptocurrency pairs, XRP remains resilient and continues its robust performance.
Technical analysis indicates an imminent confirmed breakout, with potential for continuity across larger timeframes.
Key points:
- MACD signals an upward crossover on the 2-hour chart.
- Breakout confirmed as the entire candle surpasses the major resistance point.
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.
XRP to Surge? SEC's Non-Security Verdict Fuels Bullish MomentumThe XRPUSDT has successfully reached the 50% Fibonacci retracement level, indicating a positive development. Following the recent declaration by the SEC that XRP is not considered a security, the asset appears poised to continue its bullish momentum. The initial target remains at 1.5, with an ambitious second target set at 8 dollars.
Given the highly positive news, it is expected that significant shorters may choose to avoid interfering with this asset. The trend remains undoubtedly bullish, especially in the post-SEC news period.
XRPUSDT may drop before the pumpXRPUSDT looks bullish overall but there could be one more drop as the price is at the key resistance.
If we get it, 0,45 $ - 0,42 $ is where the long position may be taken.
Target: 0,71 $
After reaching the target, we expect another pullback .
Good luck
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!!
XRPLooks like XRP will break out of the massive triangle wedge. Wave 3 can extend to $1.30-$1.80 before a larger wave 4 correction.
XRPUSD - LongWell this will be an interesting trade for sure - loads of Fundamental reasons, but... #crypto
I am long, I awaited a little break to the upside - which I see here.
I managed risk by the dollar amount I invested. No Stop at this level as I see insane movements could take me out.
No leverage was used.
I am actually new to stacking crypto assets - what a rabbit hole it is.
HODL - as they say.
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 to rebound from this level?XRP’s HTF was bearish and could set a pullback retest on the key price zone of $0.407 - $0.434. The zone was key resistance in late November/ early Q1 2023 but was flipped to support in Q2 2023.
If the zone doesn’t crack, a positive price reaction could offer a long opportunity, targeting the bearish OB and a recent lower high of $0.527.
Entry: $0.434
Target: $0.527
Exit: $0.407
RR- 3:3
XRP still going on a runRight now i dont see anything happening just consolidation but as of right now .765 is support an next resistance is .981
