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Xrpusdtlong

XRP → Ready to Rocket!? A Simple Chart Answers that Question!XRP found its way out of the bear channel after a 3-leg push downward followed by a bullish reversal. The price meandered sideways and fell below the 30EMA and 200EMA ribbons looking for support. Are we ready for takeoff? Or are we going to sub $0.50? How do we trade this? The current price is at $0.60 above the support zone of $0.57. Sideways outside of a bear channel does not give us the confirmation we need to enter a trade. What we need is a bull signal bar on or near the Support Zone to confirm that the bulls are here to carry us upward. It's reasonable to wait for the price to fall a but further and bounce. Look for a bull signal bar closing on or near its high followed by a strong confirmation bar. Longing in the $0.59 area gives plenty of room for a 1:2 or 1:3 Risk/Reward ratio, a reasonable ratio given we're looking for a trend reversal. I would not short in this scenario until we see more price action. Trade Idea Long Entry: $0.5850 Stop Loss: $0.5416 Take Profit: $0.7150 Risk/Reward Ratio: 1:3 Key Takeaways 1. Three Pushes Down, Bull Breakout of Bear Channel. 2. Not a Strong Breakout. Look for Bull Signal Bar. 3. Price Below 30EMA and 200EMA. Wait for Support Zone. 4. RSI at 40.00 but below Moving Average. 5. Wait for Bull Signal Bar for Confirmation to Long. You are solely responsible for your trades, trade at your own risk! If you found this analysis helpful, click the Boost button and let us know what you think in the comment section below!
Long
by TraderEngineering
XRP Aiming for $0.73? Don't Let the Bear Channel Fool You.XRP has been marching to the downside for weeks and it would seem there's no end in sight. Except that we're currently sitting on what *used* to be a resistance zone of $0.55-$0.57. RSI is around 40, Bitcoin could fall to $35,000, the million-dollar question is (hopefully literally): How do we trade this? If our only point of analysis is the bear channel, then we would always be looking for a short, which is reasonable. Several other data points interfere with that bias. XRP is currently sitting on what previously was resistance that is now being tested as support; in the $0.55-$0.57 price range. We also have 4 pushes to the downside (you could argue 3 and this is the double bottom) which is a reversal signal that we should watch out for. Bitcoin is also facing a potential pullback which as a leading indicator, could hinder XRP's ability to mobilize to the upside. The RSI is also around 30.00, a weak indicator on its own, but supports the other data points in this analysis. This is why we should wait for a bull signal and confirmation bar at support before rushing into a long position. We need that confirmation to increase our probability of profit. Key Points 1. In a Bear Channel, but 4 pushes down complete. 2. Currently Testing Previous Resistance Turning Support. 3. Wait for Bull Signal and Confirmation 4. RSI at 30.00, Reversal to the Upside Probable. 5. Use Caution, Bitcoin could fall further and take XRP with it. You are solely responsible for your trades, trade at your own risk! Let us know what you think in the comment section below!
Long
by TraderEngineering
XRP - Top Gainer, HEAVILY OverboughtHi Traders, Investors and Speculators of Charts📈📉 As promised, a short term update on XRP. It's important to remember, the price action we're seeing on most altcoins right now is due to rotations between BTC and alts. More info on this topic here: XRP is notorious for making untimely, parabolic increases and falling just as hard shortly after. XRP can trade with an extremely overbought RSI for days and usually defies natural technical indicator logic (such as a pullback after hitting 100 on RSI), therefore trade with extreme caution. I'm labelling this idea as 'long" although I wish there were other options to choose from. Perhaps bullish or bearish, short - near or long term etc. Understand that I do not mean to indicate LONG XRP. I am quite against trading leverage on risky coins, but considering those are my options - I do see the price going up, that is just what happens in bull markets so ...long. The path to $1 is clear, but first I expect another rotation back into BTC. I have my targets set to make sure I catch those untimely wicks. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 We thank you for your support ! CryptoCheck BINANCE:XRPUSDT
Long
by CryptoCheck-
19
XRPUSDT - D1XRPUSDT D1 - 3rd wave pattern may be formed which is already at the beginning of the 5th wave on W1. When breaking through/fixing the level of 0.5575 with targets of 0.7771 - 0.9285 What can you expect? You can consider an entry from breaking through ( you can wait for it to fixing ) the level of 0.5575 in continuation of the upward movement - to the levels of 0.7771. Cancellation of the movement, the price will break through the level of 0.4555. Targets 0.6409 - 0.6938 - 0.7771
Long
by Trade_Hive_Signals
XRP's Golden Cross: The Perfect Time to Ride the Wave! As you may have already noticed, XRP has been making some significant moves recently. But hold on tight, because things are about to get even more exhilarating! The much-anticipated golden cross has finally appeared on XRP's chart, signaling a potential breakout on the horizon. For those unfamiliar with the term, a golden cross represents a powerful bullish signal. It occurs when a shorter-term moving average (such as the 50-day MA) crosses above a longer-term moving average (like the 200-day MA). This event often suggests a shift in sentiment and can be a strong indicator of an upcoming price surge. Now, you might be wondering, "Is this the right time to long XRP?" Well, the golden cross certainly adds weight to the argument. It's essential to remember that technical indicators are just one piece of the puzzle, but they can provide valuable insights when combined with other factors. Considering XRP's recent positive momentum, the golden cross could be the catalyst that propels it to new heights. As traders, it's crucial to seize opportunities when they arise, and this might just be one of those moments. So, without further ado, we encourage you to carefully evaluate the current market conditions and consider a long position on XRP. Of course, always exercise caution and conduct your own thorough analysis before making any investment decisions. Remember, knowledge is power! As always, we're here to support you on your trading journey. If you have any questions, need further analysis, or simply want to share your thoughts, feel free to comment below.
by bryandowningqln
4
XRPUSDT - AnalysisXRPUSDT W1 - the 3rd wave reached the targets by levels, breaking through the level of 0.9285. From this level, the price was also able to correct by more than 50% - further developments may mean the beginning of the 5th wave with targets of 0.9285 - 1.9586. What can you expect? Movements to the upper maximum – with targets at 0.9285 with a possible continuation of the movement at 1.9586. In the near term we may see a move towards the 1.0328 target from these levels. Long position Targets – 0.6848 – 0.8280 – 1.0328. Long-term perspective – targets 1.0355 – 1.3447 – 1.9586.
Long
by Trade_Hive_Signals
2
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!!
CRYPTOCAP:XRPLong
by Swastik24
1
XRPUSDT Elliott Waves AnalysisHello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Entry: market and lower Targets: 0.58 and ~0.66 after first target reached move ur stop to breakeven Stop: ~0.415 (depending of ur risk). ALWAYS follow ur RM . RR: 1 to 3 risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions
Long
by trytofeelpositive
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.
BITSTAMP:XRPUSDLong
by bryandowningqln
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
Long
by karaco2022
1