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.
Xrpusdlong
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: 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.
Learn to fly with XRP currencyXRP currency experienced up to 100% growth today!
According to Andrews fork, this currency will have the possibility of returning to Heman district.
On the other hand, due to approaching the price of one dollar, it is in an emotional resistance, so the possibility of a price return of up to 15% for this currency is not far from expected, but the failure of the 2-year downward trend promises to witness further growth of this currency in the long term. be a currency
XRP is preparing a rocket. 148% profit on the spot.Friends, something interesting is coming up. If we consider a positive scenario for the price, after breaking the global downtrend line, we will see growth to the 0.236 or $0.45 per coin Fibonacci level, and the next target will be the 0.382 or $0.6 per coin Fibonacci level. The final point in this movement will be a visit to the 0.618 or $0.94 per coin Fibonacci level.
Also, look how well the Fibonacci levels correlate with support/resistance zones.
If you open a long position on futures, the risk/reward ratio will be 8.96/1, taking into account reaching the final target. Buying on the spot will bring you a profit of 148%.
This is not a financial recommendation, everything you do is at your own risk
XRP Wyckoff Accumulation LPS PhaseFrom the chart, it is apparent that XRP has been in Wyckoff Accumulation for some time now, and is likely in the LPS (Last Point of Support) phase.
XRP appears to be completing the C leg downward of an ABC correction, which will either end as an LPS, or which might unexpectedly drop into a Spring.
ABC correction with Elliot Wave counts are shown for those interested.
Not financial advice. Just sharing my personal views and analysis.
XRP BIG MOMENTXRP has now had 4 daily candles close above the fair value gap. LTFs this is seen as the only area that was not filled during the last impulse wave. This is also the third time touching the bottom trend line. Although, the top trend line only has 2 touches, meaning there needs to be a third touch before anything else happens. XRP has also had a change of character, breaking the high made on April 29th and coming back down to retest it.
.45 to .55 is a range where there are large voids above and below. Once .55 breaks and holds .70 will be easy. Re evaluation will come in at those prices. After that is where things will get real fun.
Higher lows are still continuing to form, as well as higher highs. Although previous high was market as a double top, which there is always there is liquidity right above this level, and usually stands as a local high, soon to be broken.
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
XRP Wallets Increase: Lawsuit Finalizing?Hi Traders, Investors and Speculators of Charts📈📉
The XRP network has witnessed a surge in wallet address activity, indicating a positive trend for XRPUSD. Blockchain analytics platform Santiment has identified these record-setting spikes.
This occurrence suggests an increase in demand for XRP, similar to the price appreciation it experienced after a surge in address activity during March. As of now XRPUSDT has a 4.2% increase for the day and a substantial 7.8% increase since last week.
Increasing independently: This behavior sets XRP apart from other cryptocurrencies like Bitcoin and Ethereum, further supporting the possibility of an immanent breakout. Noting that these spikes in address activity coincide with increased attention on Ripple due to an ongoing lawsuit with the SEC regarding the classification of XRP as a security. The Securities and Exchange Commission (SEC) has filed a lawsuit against Ripple, the company behind XRP, alleging that XRP should be classified as a security and not a cryptocurrency. The lawsuit claims that Ripple conducted an unregistered securities offering worth over $1.3 billion through the sale of XRP. The SEC argues that Ripple and its executives engaged in the sale of securities without complying with the necessary registration requirements. The lawsuit was filed in December 2020 and has been ongoing since then, leading to increased scrutiny and regulatory uncertainty around XRP.
Ripple CEO Brad Garlinghouse has recently hinted at the potential resolution of the case in the next few weeks , though no official timeline has been confirmed for its conclusion.
Should the SEC lawsuit be successfully resolved, it has the potential to provide a significant boost to XRP by addressing regulatory uncertainties and potentially driving increased adoption.
Our technical Indicators are also showing bullish price action on the XRPUSDT chart in the weekly TF, flashing a green BUY signal.
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CRYPTOCAP:XRP BINANCE:XRPUSDT BITSTAMP:XRPUSD BINANCE:XRPUSDT.P BINANCE:XRPUSD KUCOIN:XRPUSDT BITFINEX:XRPUSD BINANCE:XRPBTC BINGX:XRPUSDT.PS OKX:XRPUSDT.P BYBIT:XRPUSD.P
XRP: Two Potential Trading Strategies to Consider NowXRP seems to be offering an interesting setup for traders with two potential entry positions available. Before proceeding with this trading idea, please make sure to do your own research and consult with your financial advisor. Remember that all investments come with risks.
Idea:
Spot Entry Now:
The first strategy is to take a spot entry right now. With this approach, you would buy XRP at its current market price. However, you need to have a defensive strategy in place in case the price goes against your prediction. Setting a stop-loss order when a 4-hour candle closes below the most recent low would be a good way to limit potential losses. This means if the price dips and a 4-hour candle closes under the last low, your position would be automatically sold, thereby preventing further losses.
Breakout Entry:
The second strategy is a more conservative one, where you wait for a breakout above the 0.54 level. If XRP price can convincingly break this resistance, it might indicate that more bullish momentum is coming. The next target would be the resistance zone between 0.73 - 0.76. This strategy is based on the principle of buying on strength and waiting for confirmation before entering the trade.
Final Thoughts:
Both strategies have their own merits and demerits. The spot entry now offers the chance to get in early before a potential move upwards but carries more risk if the price continues to move lower. The breakout entry strategy has less risk as it waits for confirmation of a bullish move but could potentially result in a higher entry price.
As always, remember to manage your risk effectively and to adjust your strategies as market conditions change.
How XRP gets to $11 - It's just MATH 📈Hi Traders, Investors and Speculators of Charts📈📉
In today's post we're going to take a look at future potential prices for XRPUSD / XRPUSDT . Things are going to get very technical as this will require a lot of math - we're not just guessing or making up numbers here, and I want to prove this to you by taking you through the process of future speculation step by step. Things we'll be considering includes:
👉 XRPUSD LOWS and HIGHS for a specific period*
👉 BTCUSDT LOWS and HIGHS for a specific period*
👉 XRPUSD increase for a specific period*
👉 XRPBTC increase for a specific period*
*the time period we're looking at will be THE SAME across XRPUSD, BTCUSD and XRPBTC . This period is the weekly timeframe starting from Mon 4 DEC 2017 until Mon 1 JAN 2018. We'll be using Bitstamp USD charts to make sure the price percentages are related.
⭐ BITSTAMP:XRPUSD ⭐ BITSTAMP:BTCUSD ⭐ BITSTAMP:XRPBTC
Let's start by taking a look at the XRPUSD highs and lows during this period:
THUS, During the weeks of 4 DEC 2017 - 1 JAN 2018, the price of XRP increased from &0.19776 to $3.33063 . This results in an XRPUSD increase of 1585.41% exactly .
During this time, the XRPBTC price went parabolic. Let's look at it here: I had to cross check it on BITFINEX BITFINEX:XRPBTC , because the lows on Bitstamp seems bugged, (def not 0.000001) :
THUS the XRPBTC price increased by 1823.15% exactly.
NOW, Let's look at the BTCUSD prices during that period. Again looking at the weekly candle closes. ( Please ignore the other numbers on the chart, that was part of another analysis, we're just looking at the candle lows and highs here):
THUS:
The BTCUSD price was $10850 when XRP was on $0.19776, MON 4 DEC 2017.
The BTCUSD price was $17235 as XRP was on $3.33063, MON 1 JAN 2018.
To make sure we're still on the same page, the parabolic jump on XRP happened between the weeks of Mon 4 DEC 2017 and peaked on Mon 1 JAN 2018.
AND FINALLY, we're heading towards the calculation. We want to know, what could the price of XRPUSD be in the future if such an event were to occur again, where XRP gains against BTC like it did during Dec 2017 - Jan 2018. We can use multiple entry prices for BTC and XRP, but let's start with BTCUSD on FWB:25K and XRPUSD on $40c (slightly lower than recent prices) :
🔰🔰🔰
Current BTCUSD price: $25,000
Current XRPUSD price: $0.40
XRPUSD gain: 25865%
XRPBTC gain: 1823.15%
To calculate the future potential price of XRPUSD:
Calculate the future price of XRPBTC:
XRPBTC future price = XRPBTC HIGH * (1 + XRPBTC gain)
= 0.00002298 * (1 + 1823.15%)
= 0.00002298 * 19.2315
= 0.00044187 BTC
Calculate the future potential price of XRPUSD:
XRPUSD future price = XRPBTC future price * BTCUSD price
= 0.00044187 BTC * $25,000
= $11.04675
THUS, if a similar scenario were to happen again with BTC at $25,000 and XRP at $0.40, the potential future price for XRPUSD would be approximately $11.04675.
🔰🔰🔰
SCENARIO B, JUST AS EXAMPLE : Let's use different current prices for BTCUSD and XRPUSD: We'll take a look at the prices for XRP and BTC when BTC made it's ATH of SWB:69K :
🔰🔰🔰
Current BTCUSD price: $69,000
Current XRPUSD price: $1.23079
XRPUSD gain: 25865%
XRPBTC gain: 1823.15%
Calculate the future price of XRPBTC:
XRPBTC future price = XRPBTC HIGH * (1 + XRPBTC gain)
= 0.00002298 * (1 + 1823.15%)
= 0.00002298 * 19.2315
= 0.00044187 BTC
Calculate the future potential price of XRPUSD:
XRPUSD future price = XRPBTC future price * BTCUSD price
= 0.00044187 BTC * $69,000
= $30.41303
THUS, if a similar scenario were to happen again with BTC at $69,000 and XRP at $1.23079, the potential future price for XRPUSD would be approximately $30.41303 .
🔰🔰🔰
💭FINAL THOUGHTS💭
I'm using the cover Fibonacci Retracement from a macro perspective (ATH till ATL) to just look at the Fib Extensions for interest sake and to see if anything overlaps. Notice how $11 is at the 3.618 EXACTLY. This is the kind of confirmations that holds weight, considering how valuable the .618's are when looking at Fibs. It's important to note that I'm not saying this is going to happen overnight . I'm not saying rush in and buy now . As you all know, I believe in the fundamental arguments for XRP altcoin, I've made many many videos about it in the past which you can go look up. This is simply using past occurrences to speculate a future potential outcome in a way that holds much more weight than just guessing - by using actual data from past occurrences.
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Are you ready for the next leg of $XRP?Hi Guys!
Im baaaaaaaaaack!!!
Bearmarket is over! and I will start to make ideas again!
Anywayssssss!
Lets get back on XRP
Will make this short analysis
Based on the chart, XRP is currently is consolidating in this Huge Ascending Broadening wedge and currently lookslike bounce on the support of this wedge and aiming to get the second leg for this wedge tapping the Resistance pertaining to the upward arrow.
Goodluck
Trade responsibly!!!!!
XRP to find buyers at previous resistance?XRP - 24h expiry - We look to Buy at 0.4531 (stop at 0.4431)
Short term bias has turned positive.
Previous resistance at 0.4530 now becomes support.
A lower correction is expected.
We look to buy dips.
50 4hour EMA is at 0.4536.
Our profit targets will be 0.4781 and 0.4831
Resistance: 0.4650 / 0.4700 / 0.4750
Support: 0.4580 / 0.4530 / 0.4500
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