XRPUSDT
HelenP. I Ripple can bounce from support level and continue riseHi folks today I'm prepared for you Ripple analytics. A short time ago price declined to the support zone, which coincided with the 0.4970 support level, but at once rebounded up and started to trade near. Later, the price declined to the 0.4970 level and then tried to rise, but failed and made a strong impulse down lower of two support levels - 0.4970 and 0.4750, thereby breaking them. After this movement, the price entered to upward channel, in which Ripple rose to support 2, which is located inside the support zone, and in a short time broke this level and continued to rise to the next support level. A few moments ago, the price reached support 1, broke it and grew to the resistance line of the channel. But recently Ripple rebounded from this line and fell to the support zone, where it continues to trade to this day. I expect that the price can make a correction to the support level and then rebound and continue to rise inside the upward channel. For this case, I set my target at the 0.5120 level. If you like my analytics you may support me with your like/comment ❤️
XRP/USDT 1DAY UPDATE !!hello, welcome to this XRP/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Detailed examination reveals a multi-week consolidation phase that unfolded after a bullish bounce above the 200-day MA in mid-August. Ripple price saw minor volatility during this consolidation period, remaining close to the 200-day moving average, at around $0.51.
However, the scale tilted in favor of sellers as supply outstripped demand, leading to increased selling pressure and, as a result, a drop below the 200-day moving average. This MA is generally considered an important level of support or resistance, and its violation underlines the prevalence of bearish sentiment in the market, with the potential for further downside.
While a slight upward retracement, creating a pullback towards the broken MA remains a possibility, the overall outlook for Ripple is bearish, with the next likely destination being the critical support area at $0.42. Therefore, the upcoming price action is extremely important, as it could potentially determine the path forward for Ripple.
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XRP Price Target after Court approves FTX LiquidationGiven the recent developments in the crypto space, there are several factors that point towards a bearish outlook:
FTX Liquidation of $3.4 Billion in Crypto Assets: The approval by the Delaware Bankruptcy Court for FTX to liquidate $3.4 billion in crypto assets is a significant event. This influx of a substantial amount of cryptocurrency into the market could potentially lead to an oversupply situation. When a large amount of assets is dumped into the market at once, it can put downward pressure on prices.
Limited Sales in the First Week: The imposed limit of $50 million for the first week indicates a controlled release of these assets. This may imply that FTX anticipates potential market disruption if a large volume is sold at once. However, even with controlled release, the market could still experience downward pressure.
Potential for Increased Limits: The provision for increasing the limit with the approval of the creditors’ committee and ad hoc committee, or potentially even up to $200 million weekly with court approval, shows that there's room for further selling pressure in the coming weeks.
Binance US CEO Resignation: The resignation of Binance US President and CEO, Brian Shroder, could potentially signal internal challenges within the exchange. Leadership changes in major crypto exchanges can lead to uncertainty and can impact market sentiment.
Asset List: The assets listed for liquidation include some of the major cryptocurrencies in the market such as Bitcoin, Ethereum, WBTC, WETH, USDT, SOL, XRP, STG, APT, BIT, DOGE, MATIC, FTT, TON and more. If a significant portion of these assets are sold off, it could have a widespread impact on the market.
Market Sentiment and Confidence: These events combined might lead to a loss of confidence in the crypto market, especially if investors perceive them as signs of instability or potential oversupply.
Regulatory Considerations: The fact that a bankruptcy court is involved in this process highlights the regulatory environment surrounding cryptocurrencies. Heightened regulatory scrutiny or intervention can have a dampening effect on the market.
Considering the above, my Price Target for XRP Bitcoin is $20.38.
Looking forward to read your opinion about it.
XRPUSDTThis is a 1D frame analysis for XRPUSDT As we can see, the price can form a rising pattern, but only if it can break through the first resistance line and we have seen signs of a market reversal, we can anticipate a market reversal and if the price holds below the first support line, it can move towards the second support line. However, if it can break through the first resistance line, we can consider a market reversal and an upward trend.
RIPPLE - Price can bounce from resistance area and start to fallHi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊
After price declined to support line of wedge, it bounced up to resistance line, thereby breaking $0.5400 level.
But soon it declined below, making fake breakout, and later price fell to support line of wedge.
Then Ripple bounced up to resistance line, and started to decline to $0.4925 level, which coincided with resistance area.
Also, price exited from wedge and entered to rising channel, where Ripple rose to resistance line and then started to fall.
Recently price made downward impulse from channel to lower $0.4925 level, thereby breaking it and exiting of channel.
But now price trades close resistance area and I think Ripple can bounce from this area to $0.4600
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Ripple can break resistance level and continue grow to 0.5250Hello traders, I want share with you my opinion about Ripple. By observing the chart, we can see that the price some time ago rebounded down from the resistance line of the triangle and made a strong downward impulse to the support line, thereby breaking the 0.4860 resistance level, which coincides with the resistance area. But soon, the price bounced up and in a short time back up higher this level and then started to decline to support line again. After Ripple reached this line, it rose to the resistance line and then rolled down below the support line, thereby exiting from the triangle and also entering to range. Inside range, the price trades close to the resistance area, but a few moments ago it continued to fall and soon exited of range and broke the 0.4860 level too. At the moment, the price trades near the resistance level and I think that Ripple can rise to this level and try to break it. If the price breaks this level, Ripple can make a retest and then continue to move up, therefore I set up my target at the 0.5250 level. Please share this idea with your friends and click Boost 🚀
Back to the square oneNearly a month ago, federal judge Analisa Torres ruled in favor of Ripple Labs in its case against the U.S. Securities and Exchange Commission. The decision was quickly followed by bullish price action, and XRP rose almost to $1, with many investors claiming this to be only a beginning of a roaring bull market. However, fast forward to today, and XRP still has not managed to break the $1 mark. Instead, the token lost more than a third of its value following the initial spike right after the judge’s ruling. Furthermore, as if it was not enough, the SEC signaled this week that it would appeal the ruling, setting a step back for the victory. As a result, we think this might put a lid on the XRP’s price and lead to increased volatility, with the prospect of XRP falling lower as another round of legal battle drags on.
Illustration 1.01
Illustration 1.01 shows the daily chart of MACD that is approaching the midpoint. If it breaks below it, it will be bearish for XRP in the short term.
Technical analysis
Daily time frame = Slightly bearish
Weekly time frame = Bullish
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Does Ripple Refuel?With the fall that happened in the market yesterday, Ripple seems to have not lost its decision to grow and has the possibility of climbing to the range of 90 cents.
In the time frame of 15 minutes, the price is fluctuating above a price block, which is likely to fill it as a market value gap and then start its growth.
It is possible that the price will drop to the range of 43 cents and then rise to 90 cents.
XRP/USDT 3DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this XRP/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- XRP has been consolidating around 50 cents for a while now and closed the week with a minor loss of 1.7%. This cryptocurrency has strong support at 47 cents, which is not far from the current price. If sellers return, then this level could be tested again, similar to mid-August.
The resistance is at 56 cents, and so far, buyers have not been able to test this level. This lack of strength on the buy side could continue for some time as the overall price action remains bearish.
XRP appears to want to hold around 50 cents, which is a key psychological level. The current flat trend seems likely to persist, and so long the price does not lose its support at 47 cents, a recovery could follow once the consolidation ends.
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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 .
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HelenP. I Ripple can bounce up from support zone to $0.5120Hi folks today I'm prepared for you Ripple analytics. Some time ago price entered to resistance zone, which coincided with the 0.5240 resistance level, and soon made the correction below. After this, Ripple rebounded and rose to 0.5500 points, but in a short time declined back and even later made a strong downward impulse to the trend line, breaking the 0.4940 support level. Soon, the price bounced higher of the support level, which coincided with the support zone, and then started to rise. Ripple some time traded near the support zone, but a not long time ago price declined to this zone and recently bounced up. Now price trades very close to the support zone, and I expect that Ripple can make a small movement down to the support level and then bounce up. For this reason, I set up my target at the 0.5120 level. If you like my analytics you may support me with your like/comment ❤️
XRP will hit $4 in the next bull runI can't think of any reason why XRP won't hit $4 in the next bull run. As you can see on the weekly chart, XRP has formed a double bottom pattern indicated in the blue color. Also, XRP has formed a bullish symmetrical triangle targeting 4 in the next bull run. Stochastic RSI indicator on the weekly frame is oversold. I am not saying that there is no room for correction back to 0.35 / 0.40 areas. That is very possible and it would be a great price to buy
RIPPLE - Price can bounce up from support area to $0.5550Hi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊
A few time ago price traded near $0.6255 resistance level inside resistance zone, but later it broke this level and made strong downward impulse.
Ripple broke $0.5035 level too and fell to support line of triangle, but soon bounced higher of this level.
Then price some time traded near $0.5035 resistance level, which coincided with support area, and even rose to resistance line.
But recently price declined below $0.5035 level, thereby breaking this level and at the moment it trades below.
I think that Ripple can make a little movement down and then bounce from support area to $0.5550, breaking resistance level.
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XRP ☁️ Forecast - Downside Risk In the Week Ahead Rain and clouds 🌧️ linger over the global crypto market in the next 24 hours, signaling a slightly or clearly bearish trend with downside risk. 🐻 Cardano, Polkadot, and Uniswap, however, face sunnier, bullish trading conditions with upside potential over the same period. 🌥️
Over a one-week horizon, crypto price predictions are mixed. 📅 Bearish, cloudy trading conditions lie ahead for Bitcoin, XRP, Cardano, and Binance. ☁️ Other crypto coins such as Ether, Litecoin, and Uniswap face sunnier, more bullish trading conditions with upside potential, according to ATTMO. 🚀
Ripple can rebound up from support line and exit of pennantHello traders, I want share with you my opinion about Ripple. Observing the chart, we can see that the price some days ago price rebounded from 0.5080 current resistance level and started to trade in a big range. Inside the range, the price made the correction and later rose to the 0.5340 resistance level, which coincided with the seller zone. After this price broke this level, thereby exiting from the range and reaching the resistance line of the pennant. Then Ripple rebounded from the resistance line and in a short time declined to the support line of the pennant, breaking 0.5340 and 0.5080 levels. Later price rebounded from the support line and rose to the resistance line, but recently it rolled back and now it trades very close to the resistance area. In my mind price can rebound up from the support line to the resistance line, which coincides with the resistance level, and try to break them. After the breakout, Ripple can make retest and continue to move up. For this reason, I set up my target at the 0.5200 level. Please share this idea with your friends and click Boost 🚀
A 'major breakout' in XRP will occur on or around...I'm calling this prediction the 'Phi Breakout.' On July 2nd I predicted a false breakout and a major breakout would both occur in XRP. Although my dates were wrong, the false breakout occurred on July 13th. I'm now adjusting the date for the major breakout based on my mathematics.
I'm predicting that on or near September 22nd 2023 we will see the 'major breakout' in XRP that we have all been expecting. Here's how I came to that assessment.
The Ripple/SEC case was settled on July 13th, which was the 164th day of the year.
164 days times Phi (1.618) = 265.35 which would be September 22nd at 8:04 a.m.
I also believe based on my math that another event will occur with XRP on February 18th 2024 which would be 265.35 (Sept 22nd) times PI (3.14) which would be 514.96 or February 18th 2024 between 10:57 p.m. and 10:58 p.m., but I'm not sure what it's going to be yet, so I will reassess later assuming my September 22nd prediction is correct.
So, we'll see if my theory about using sacred geometry to predict price movements in stocks/cryptos proves to be correct, as that 'major breakout' prediction date is only weeks away.
Happy trading folks, this isn't investment advice, just my theories!