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Xrpusdshort

Technical Analysis of XRP: Upside Potential and Downside RisksCurrent data indicates that the XRP price is struggling to start a steady rise above the $0.50 level. The price needs to settle above $0.50 and $0.510 to gain upward momentum in the near term. The XRP price has started a slight upward move from the $0.4765 area. It is now trading above $0.4850 and the 100-hour Simple Moving Average. There is a short-term rising channel forming with resistance at $0.500. Losses extended below $0.50 before buyers emerged, as the price tested the $0.4765 level and recently started a recovery wave. The price faces obstacles near the $0.4980 and $0.50 levels. The main resistance coincides with the 61.8% Fibonacci retracement level of the recent decline from $0.5105 to $0.4765. If the resistance at $0.50 is surpassed, the price could move towards the $0.510 level. The next resistance is near $0.520. Closing above the $0.520 resistance zone might push the price to the $0.5320 level, and if this level is exceeded, there could be a steady rise towards the $0.550 resistance. Any further gains might drive the price towards the $0.5650 resistance. If the price fails to overcome the resistance area at $0.50, it may start to decline again. The initial support on the downside is near the $0.490 level and the channel area. The next main support is at $0.4840. If there is a breakdown and a close below the $0.4840 level, the price may gain bearish momentum, in which case, it could trade below the recent low at $0.4765 in the near term. We recommend closely monitoring the resistance levels at $0.50 and $0.510. If the price manages to surpass these levels, there might be a buying opportunity targeting the $0.520 and $0.5320 levels. On the other hand, if the resistance is not exceeded and the price fails to stay above critical support levels, it might be better to avoid buying until a clear rebound point is confirmed. It is also crucial to follow news and events that could affect the market in general and the XRP price in particular.
BITSTAMP:XRPUSD
by bbitar
XRP Price Danger Zone: Key Support Levels to WatchRipple's (XRP) price has seen a significant decline after failing to maintain the critical support level at $0.4840. This drop led the currency to fall to the $0.4750 level, raising concerns among traders about the possibility of further losses in the near future. XRP has faced strong selling pressure, causing it to trade below the $0.4880 level and the 100-hour Simple Moving Average (SMA). With continued bearish pressure, it has become essential to closely monitor key support levels such as $0.4740 and $0.470. If XRP manages to hold these levels, we might see attempts to regain some bullish momentum. However, breaking below these levels could indicate further declines towards the next support level at $0.450. This article will focus on analyzing the current situation of XRP's price, highlighting the important support and resistance levels that traders need to monitor carefully to protect their capital and avoid potential risks. Resistance Levels: First resistance level: $0.4820 Second resistance level: $0.4850 Key resistance level: $0.4950 Next resistance levels: $0.5050 and $0.5250 Support Levels: First support level: $0.4740 Second support level: $0.470 Next support level: $0.450 Current Trend: The currency is currently trading below the $0.4880 level and the 100-hour SMA. There is a downward trend line forming with resistance at $0.4880. Buying at Support: It is preferable to wait until the price reaches the key support levels ($0.4740 and $0.470) before making a buying decision, as these levels represent strong support points where the decline is expected to halt and the price might start to rise again. Buying at these levels can provide an opportunity to acquire the currency at a low price, increasing the likelihood of achieving profits when the price rebounds upwards. This way, risks are minimized, and the chances of benefiting from future upward movements in the market are increased. Taking Profits at Resistance: In case of a price rise, the mentioned resistance levels ($0.4850 and $0.4950) can be identified as areas to take profits. Resistance levels are points on the chart where the price is expected to face difficulty in continuing to rise, and it might stop or decline due to a large number of sellers willing to sell at these levels. Therefore, when the price reaches these levels ($0.4850 and $0.4950), traders can decide to take profits from the purchases made previously at the support levels. This helps secure their profits before the price declines again. It is important to monitor price movements around the $0.5050 level, as this level is considered a key resistance. If the price exceeds this level and stabilizes above it, it might indicate strong buying momentum and continued upward movement. In this case, the price is expected to rise towards the next resistance level at $0.5250, providing an additional opportunity for greater profits. Hence, monitoring price movements around these important levels can help traders make informed decisions regarding taking profits and managing their investments effectively. Risk Management: If the price breaks the $0.470 support level and closes below it, it might indicate further decline towards $0.450. In this case, stop-loss orders should be placed below the $0.470 support level to avoid further losses. Caution and effective risk management are crucial to avoid significant losses in case of any sudden market fluctuations.
BITSTAMP:XRPUSD
by bbitar
CAN WE FINALLY START IT? XRPThis week is very important for the Ripple legal case, and some millions are moving from Ripple. Can this be a sign of an agreement with the SEC? Last year, a positive new has pumped the price of XRP to $0.9. This time, also considering the actual Bitcoin price, i think that an end at the case can teleport the XRP price to a new ATH. Personally, i am increasing my long exposure, keeping a safe stoploss below 0.25. Risk to reward (0.25 SL, 3.5 TP) is again extremely good
Long
by SaliJournal
EVERYTHING IS PUMPING, BUT NOT XRPThis is an old movie, every crypto is pumping but Ripple coin is still at the same price of years ago. I can honestly say that it's pretty frustrating (XRP is a part of my bags, but hopefully a little part) and i think it's worse for who has a big bag of XRP. It's a clear manipulation, some big players are keeping the price low for a reason. Probably we will see a mega pump as soon as the legal case will be over. I expect a new ATH this year, and i start taking profit there only. Looking at the chart, you can see that the price is ranging again above the main trendline. I expect an upside moves at least till the first resistance area i drawed
Long
by SaliJournal
XRP going down till 0.3579 @ dailyRipple is a valuable cryptocurrency that its managers are eager to grow, attracting many investors and whales. I am very hopeful for its future, but in the fifteen-minute and thirty-minute time frames, two descending gaps will definitely be touched with the start of the price decline. Traders using leverage can profit from these two profit tickets. The first will be at 0.5277 and the second at 0.5153. Additionally, the nearest gap during the price decline, which must definitely be touched on the daily timeframe, will be at 0.3579. This will be the final stop for the price decline in Ripple, followed by a sharp upward movement in price.
by khosrooparviz
15
XRP - 29c back on the cards for Cripple? 📉Hi Traders, Investors and Speculators of Charts📈 XRP has once again disappointed by being one of very few coins that did not rally during the recent BTC surge, which ultimately led to a new ATH. You would expect more from one of the altcoins-Titans, but unfortunately the fundamentals for XRP are looking terrible (at best). The price has lost a long-standing trendline which acted as support, a bearish sign for the foreseeable future (until we can reclaim daily candles above): XRPBTC is trading at all time lows (again) so if you ever did want to buy (for some reason), this would probably be a good time. The multiyear triangular consolidation keeps on heading lower and lower, each breakout failing into a further decline of value-loss against BTC: The only thing I can really say about this... is that it is utmost disappointing. XRP has become a pool of liquidity to just drain and drain, dominated by sellers every time there is an upward trend in the market. The XRP market cap is getting smaller, and there isn't much growth happening on the ledger. XRP reserves help by executives is just a quick buck for Ripple to fund their slow-bleed company. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:XRPBTC BINANCE:XRPUSDT
Short
by CryptoCheck-
The scam is exposed XRPMy chart is showing you the DOGE chart (orange line) and the XRP chart. The price pf XRP perfectly followed the DOGE price in past years, and as you can see on this 1hr timeframe, in the last 2 months moves was pretty the same. XRP started to decoupling by end of February, when every crypto started to pump hard. WHat does this means? I have no doubt this is a manipulation from Ripple labs to keep the price low. It's a big scam imho. Why keep the price low? Maybe it's time for WSB guys to do something...
BINANCE:XRPUSDLong
by SaliJournal
16
XRP - BEARISH SHARK PATTERNHello Everyone, Just a quick update on our XRP position. As you know, XRP formed a strong Bullish Shark Pattern, and we entered the position at the $0.5180 area. Currently, the price is consolidating around the $0.60 zone, indicating that Target Price 1 at $0.5950 (15%) has been reached. While the bullish scenario persists, I've observed the formation of a Bearish Shark Pattern, suggesting a potential correction to the $0.53-$0.54 area. Following this correction to the support zone, I'll be looking for the target to reach $0.82 (approximately 58% profit). In such situations, partial selling is often the best option. I hope everyone is enjoying their profits and staying vigilant in this dynamic market. Best regards
Short
by Enes_Ibraimi
XRP RIPPLE Technical Analysis & Trade IdeaXRP is showing a bearish bias on the daily and 4H timeframe. A break of market structure to the downside on the 4H chart with lower highs/lows reinforces this sentiment. Intraday Opportunity: We are looking at the 61.8% retracement for a sell opportunity with SL placed above the previous highs, and targeting previous lows. Disclaimer: Please note that this analysis is purely technical and not to be construed as financial advice. Always conduct your own thorough due diligence and implement sound risk management practices before executing any trades.
Short
by fxtraderanthony
XRP: Chris Larsen Wallet Hack... or STAGED Dump?📉Hi Traders, Investors and Speculators of Charts📈 Yesterday, news came out that a huge XRP wallet has been hacked, stealing $112 million worth of XRP. According to information currently available, the hack was as a result of compromised security keys. It turned out to be the wallet of none other than tech-giant Chris Larsen, Ripple Co-founder. (suspicious already?🤔 let's dive in...) One of many strange incidents surrounding this hack is that it was discovered by a Twitter user and popular blockchain security expert ZachXBT. I imagined that one would notice if your personal accounting holding 9 digits of XRP worth $112 million got hacked, but apparently not. It took ZachXBT a public Twitter post to make the apparently unaware team at Ripple take action. This makes you wonder, if ZachXBT didn't pick it up... would this have gone unnoticed and been swept under the rug, or would Chris Larsen have come out and admitted it? I guess we'll never know. But with Ripple's dodgy actions in the past (ultimately leading to the SEC case), one can only guess. Not too long ago, Jed McCaleb finally sold off the last of his enormous amount of XRP which he had been dumping monthly for years. One Twitter user voiced a very valid concern; "are all Ripple execs holding 9 digits of xrp, is there something in place to prevent them from dumping all at once on the market?" It just seems like despite the markets best bullish trends, the constant overwhelming selling pressure is just too high for XRP to reach new highs. It's sad to see such a industry leader and once-promising project fall to new lows. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck CRYPTOCAP:XRP BINANCE:XRPUSDT BITSTAMP:XRPUSD BINANCE:XRPUSDT.P
Short
by CryptoCheck-
7
#XRP (Ripple) Technical Analysis and Trade IdeaXRP exhibits clear signs of bearish pressure on both weekly and daily timeframes. The formation of lower highs and lower lows signals underlying weakness. Price has now reached a key support level, raising the potential for a retracement and a short entry opportunity. Potential Trade Setup: - Entry: Consider a short position upon a retracement, targeting previous weekly and daily lows. - Rationale: Price action suggests continued downward momentum in Ripple, and the current support level may prompt a temporary bounce before further declines. Important Disclaimer: This analysis reflects my personal market interpretation and does not constitute financial advice. Always conduct your own independent research and thorough risk assessment before making any trading decisions.
Short
by fxtraderanthony
XRP Bearish ☁️ Over the Next WeekEarlier this week, a New York court ruled that Ripple Labs must make its financial statements for 2022-2023, as well as other documents requested by the Securities and Exchange Commission (SEC) public by Feb 12. Ripple has now asked the judge to extend this deadline by eight days to Feb 20, court documents show. The SEC has accepted this request. The price of XRP increased 2.2 percent to 51 cents over the past 24 hours. ATTMO shows that Ripple’s XRP, Avalanche and Polkadot will face bearish clouds and downside risk in the short-term and medium-term horizon. However, a bullish sun will shine over Bitcoin, Ether, Binance Coin and Cardano in the next 24 hours and week, signaling upside potential. Follow us for more crypto weather reports!
CRYPTOCAP:XRPShort
by ATTMO
"Anticipation Builds as Massive 6-Year Bull Pennant Takes Shape"XRP Ripple: Chart Analysis and Market Overview XRP Ripple, one of the prominent players in the cryptocurrency space, has recently captured the attention of traders and investors as it navigates a critical juncture in its price action. With the token currently holding a major make-or-break support level at 50 cents, coupled with the formation of a 6-year bull pattern compression, market participants are closely monitoring XRP's chart dynamics and assessing its potential for future price movements. Understanding XRP Ripple XRP Ripple is a digital asset and payment protocol created by Ripple Labs Inc., designed to facilitate fast and low-cost cross-border transactions. Unlike many other cryptocurrencies, XRP does not rely on blockchain mining for transaction validation. Instead, it utilizes a consensus mechanism known as the Ripple Protocol Consensus Algorithm (RPCA), which enables near-instantaneous settlement of transactions. The Chart Dynamics At present, XRP Ripple finds itself at a crucial juncture on the price chart, with the 50-cent level serving as a critical support zone. This level holds significant importance as it has historically acted as both support and resistance during previous price cycles. Additionally, the formation of a 6-year bull pattern compression indicates that XRP is undergoing a period of consolidation, with price action tightening within a narrowing range. Bullish Outlook Despite the uncertainty surrounding the cryptocurrency market, the overall sentiment towards XRP Ripple remains bullish. Several factors contribute to this optimistic outlook. Firstly, the token's utility as a cross-border payment solution continues to gain traction, with Ripple forging partnerships with financial institutions and banks worldwide. Additionally, the recent clarity in regulatory matters surrounding XRP has provided a boost of confidence to investors. Potential Risks However, it's crucial to acknowledge the potential risks associated with XRP Ripple's current price action. The looming threat of a breakdown below the critical 50-cent support level, especially if accompanied by significant volume, could trigger a cascade of selling pressure and potentially lead to a freefall in price. Moreover, regulatory uncertainties, particularly in the United States, continue to cast a shadow over XRP's long-term prospects. Market Sentiment Market sentiment towards XRP Ripple remains divided, reflecting the uncertainty and volatility inherent in the cryptocurrency market. While some investors remain cautiously optimistic about XRP's future potential, others adopt a more conservative approach, awaiting further clarity on regulatory and legal matters. Nevertheless, the overall consensus appears to lean towards a bullish bias, supported by positive developments within the Ripple ecosystem. Conclusion In conclusion, XRP Ripple stands at a critical juncture on the price chart, with the 50-cent support level serving as a key battleground for bulls and bears. The formation of a 6-year bull pattern compression adds further intrigue to XRP's price action, with the potential for a significant breakout in either direction. While the overall sentiment remains bullish, investors should remain vigilant and closely monitor developments in the cryptocurrency market, as regulatory factors and external events could influence XRP Ripple's trajectory in the near term.
BITSTAMP:XRPUSDLong
by UnknownUnicorn2319099
2