XRP/USDT: Profitable Swing Trade PotentialThe current price level of XRP/USDT has caught my attention, and I believe it presents a conservative entry point for a swing trade that could be profitable.
Let's analyze the daily chart, where the RSI indicates oversold conditions and the MACD indicator is on the verge of a bullish crossover. But that's not all! Another significant development has unfolded: XRP has established a strong support level near the 0.618 Fibonacci Retracement. This measurement encompasses the price movement from March 13, where it reached a low of $0.34, to the high of $0.59 on March 29.
Despite my reservations and aversion towards XRP, I must acknowledge that the compelling factors cannot be ignored. The enticing buying signal that is emerging has the potential to result in a profitable and conservative swing trade.
Xrpusdtlong
XRP NEXT TARGET !!! BULLISH !!!Hi everybody,
Here is my analyse about XRP:
Like you can see on the graph, XRP is likely to breakout and ready for his 2nd pump after the positieve report in case against winning the lawsuit to the SEC.
It's likely that it will bounce of the EMA 50 and move up to the new target, where the resistance situated.
Bull flag 📈
RSI in daily time frame = bullish 📈
TP = 0.55 cent
Target Point and Resistance line is drawn in the chart.
Let me know what you think about the analysis.
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. (update)
Entry: market and lower
Target: 0.44 - 0.48 - 0.51
after first target reached move ur stop in breakeven
Stop: ~0.32 (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.
XRP : Whales Asleep, Bears defend $0.55 Hi Traders, Investors and Speculators of the Charts 📈📉
If you've been following me for the past year, you'll be well aware that I am notoriously bullish on XRP. However, today's analysis on XRPUSDT is focused on the price for short term, and for that I like to pull up the technical indicators RSI, LSMA, EMA and Momentum. My favorite indicator, the Phoenix Ascending, points to more possible upside price action for the immediate term. However, it's also noteworthy that the buying pressure is running out, as observed on the momentum.
Usually when XRP rallies, it shoots through 2 - 3 resistance zones. We're currently struggling to capture the first one above, so it may seem that this is not the candle that's going to go parabolic. For now, candles need to keep closing above the BLUE zone, which is now the support zone.
Here's a quick look at XRPBTC . Overlaid in this chart is the XRP line chart and the BTC line chart.
We can see that XRP is overdue to gain some grounds on BTC and from past scenarios we can tell that when it finally does, it will be a facemelt. It's also important to note that XRPUSDT is prone to pump and dump and can act very wicky therefore the best strategy is to have your targets pre-set for TP.
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CryptoCheck
XRP Bullish PotentialXRP typically has provided a hedge against market conditions and crypto market conditions. I believe that the presence of a pennant pattern constitutes an indicator for the imminent breakout or breakdown of the triangle into new levels. Although there is still a noticeable potential for a breakdown into bearish territory towards 0.20, I believe that XRP has remained strong amid the bear market and is destined for a possible bull rally.
XRP the Standard - KING of Altcoins 🕚Hi Traders, Investors and Speculators of the Charts 📈📉
If you've been following me for the past year, you'll be well aware that I am notoriously bullish on XRP. Now before you think "omg not another #xrparmy post..." - let me reassure you that this is not because of the cult-following that surrounds XRP. Infact, I'd like to explore a few other fundamental reasons on why I remain bullish on XRP. Not because of the price (although it is a bargain atm), but because of the future potential value, as taught by Warren Buffet considering Value Investing.
When it comes to investing, we can all take a page from Warren Buffet's book - invest for the future potential value and ignore the price now. Warren Buffet made his fortune by spotting great opportunities early, and talking a leap of faith. XRPUSDT is one of those altcoins that show great promise - but maybe not right now. Founded by Ripple in 2012, XRP has a massive advantage over other altcoins - time . With time comes progress, innovation and most importantly : the establishment of a network. Ripple is the only crypto-presence at the World Economic Forum, you will find their CEO (Brad Garlinghouse) on the website of the WEF . That's a great pluspoint in terms of fundamentals.
XRP wallets officially hit 4,6 Million yesterday. This proves that more liquidity is entering the market, which is a bullish sign .
In a previous post, I discussed the fundamental impact of Harvard declaring that XRP and XLM will be the future of payments (yes, this really happened):
The latest news on the SEC case vs XRP can be found here:
XRPUSDT is also HIGHLY OVERDUE for a close ABOVE the monthly resistance zone. Check out this idea from September 2022:
Final Thoughts 💭
Can you think of any other altcoins that received so much hate over YEARS from the media... and even a lawsuit form the SEC? If you've been in this space prior 2018, you'll know that XRP was the underdog of crypto. Sure, mistakes were made, but the space was new and there were no rules. To be completely logical, most companies would rip off people if they get the chance. If you're looking for a morality coin to invest in, let me know when you find one. The price related foul play in XRP's early days doesn't change the current fundamentals for XRP as mentioned above.
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We thank you for your support !
CryptoCheck
XRP to stem dip into current support?XRP - 24h expiry - We look to Buy at 0.3716 (stop at 0.3636)
We are trading at oversold extremes.
Levels below 0.3700 continue to attract buyers.
We look to buy dips.
We look for a temporary move lower.
Bullish divergence is expected to support prices.
Our profit targets will be 0.3916 and 0.3966
Resistance: 0.3830 / 0.3850 / 0.3900
Support: 0.3760 / 0.3700 / 0.3650
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XRPUSDT Elliott Waves Analysis (Local Setup)Hello 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
Target: 0.48 - 0.51 - 0.55
after first target reached move ur stop in breakeven
Stop: ~0.33 (depending of ur risk). ALWAYS follow ur RM .
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.
XRPUSDT - accumulation before winning a trial - accumulation position a 288day
- a bullish structure
- waiting for a breakout of the trendline ( *red line* )
if you like the idea, please "Like" it. This is the best "Thanks!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your friends.
XRP short termXRP had a retrace to the 0.5.
I do expect it to go a little lower but we cant break the 0.786 and close a few candles there or this chart is INVALIADATED!
1) *least bullish scenario* if it stays above the 0.786 and we pump the min target is the 1.0fib max target the 1.618.
2) $ mega bullish $ we are in a 5 waves up, 3down then 5back up. Targets are 90cent.
short term:
-lets focus on what price does this week and if the fib levels hold.
-if we pump watch how the price reacts to the 1fib and the 1.618.
Longterm:
-After all that we can still drop to 2-10cents if we break the pandemic lows.
If btc goes as planned and breaks the 25k zone ->28k then we can have an alt season. -> xrp 90cents
*alt seasons only happens 2times
1) if btc makes a new cycle high
2) btc retraces from the 'bearmarket crash'
XRP- Ranging for accumulation?Hello traders!
In the last time big thoughts wondering whether the crypto market has bottomed or not. Different scenarios are still in place, however we want to point out the possibility of a new cycle to the upside for XRP.
As you can see from the main chart, xrp has been ranging between the yellow zones for months, near to the POC.
For very volatile assets as cryptos, logarithmic chart can sometimes clarify the situation. Since logarithm is an increasing function, it preserve monotinicity(so if A>B, then log(A)>log(B)) and does not alter the wave structure of the market.
Here is the logarithmic chart of xrp. This chart shows an impulse followed by a bullish flag and it looks like a 1-2-i-ii Elliott Wave pattern.
We therefore believe that there is thee possibility of xrp currently ranging in accumulation before a significant move higher.
We plan to buy at the bottom of the lower bound, or in case of a breakout and retest of the upper bound of the range.
We will update below.
GMR