XRP/USDT Weekly Breakout – Potential 200% Upside!XRP/USDT is on the verge of breaking out from a long-term descending triangle pattern on the weekly timeframe. The price is currently hovering near the critical resistance zone. A confirmed breakout could set the stage for substantial bullish momentum.
Entry Strategy:
- Entry: Upon a clean breakout, close above the 0.6270 level, confirming the move beyond the descending resistance line, to accumulate $.55 to .62 is a good range!
Stop Loss (SL):
- Stop Loss: Set below the support level at 0.4820, in case the breakout fails and bearish momentum takes over.
Take Profit (TP) Targets:
- Target 1 (TP1): 0.9380 – A retest of the local high from April 2022. This target offers a 50% potential upside.
- Target 2 (TP2): 2.0059 – The major resistance level and key psychological zone. This gives a possible 200% gain from the breakout entry.
This is not financial advice, Always do your research.
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XRPUSDTPERP
XRPUSDT Breaking Channel PatternXRPUSDT technical analysis update
XRP's price is breaking out of a descending channel pattern after 450 days of formation. If the daily candle closes above the channel resistance, we can expect a strong bullish move in XRP. and price trading above 100 and 200 EMA.
Regards
Hexa
#XRP/USDT#XRP
The price is moving in a descending channel on the 12-hour frame and is sticking to it very well and is expected to break it upwards
We have a bounce from a major support area in green at 0.5250
We have a downtrend on the RSI indicator that was broken upwards which supports the rise
We have a trend to stabilize above the 100 moving average which supports the rise
Entry price 0.5770
First target 0.6394
Second target 0.6747
Third target 0.7267
XRPUSDT Bullish Channel!XRPUSDT technical analysis update
XRP has been trading within a descending channel for the past 400 days. The price is now approaching the channel's resistance line, and if a breakout occurs, a strong bullish move in XRP can be expected.
A good entry point would be after the breakout is confirmed on the daily chart.
Regards
Hexa
XRPUSDT ( UNDER DOWNWARD ORESSURE ) ( 4H )XRPUSDT
HELLO TRADERS
Tendency , the price is under bearish pressure , until trading below turning level .
TURNING LEVEL : the price of turning level around 0.60 , so if the price breaking this level reach a first resistance level , as long as BINANCE:XRPUSDT price breaking this level reach a first resistance level .
RESISTANCE LEVEL (1) : this level around 0.63, for reach this resistance the price it will be breaking turning level .
RESISTANCE LEVEL (2) : around 0.66 , for reach this level it will be breaking by open 4h candle above resistance level (1)
SUPPORT LEVEL (1) : this level around 0.57 , for reach this support level the price need stabilizing below a turning level .
SUPPORT LEVEL (2) : support level at 0.54 , for reach this level the price will be breaking by open 1h or 4h candle below support level (1) .
CORRECTIVE : the price may be corrective turning level at 0.60 , before drooping .
TARGET LEVEL :
RESISTANCE LEVEL :0.63 , 0.67 .
SUPPORT LEVEL : 0.57 ,0.54 .
XRPUSDT ( BETWEEN RESISTANCE AND SUPPORT TRENDLINE ) ( 4H )XRPUSDT
HELLO TRADERS
Tendency the price trade below a resistance trendline , indicates the price is under bearish pressure
TREND ANALYSIS : resistance trendline was strong not easy to breakout , the price trade below this line to reach a support level
TURNING LEVEL : a black line around 0.46 , indicates if the price stabilizing below this level reach support level , if the breaking turning level reach a resistance level
RESISTANCE LEVEL : there is a green line around 0.49 , indicates selling have already increase this level , so if the price breaking above turning level reach this level
SUPPORT LEVEL : there is a red line below turning level around 0.43 , indicates buying have already increase this level , so if the price stabilizing below turning level reach this level
PRICE MOVEMENT : as long as the price trade below turning level at 0.46 , reach a support level at 0.44 , then stable below this level reach a 0.43 , if the price breaking turning level reach a resistance level at o.48 , then stable above this level touch a 0.49
CORRECTIVE LEVEL : the price corrective turning level at 0.46 , before dropping
TARGET LEVEL :
RESISTANCE LEVEL : 0.47, 0.48
SUPPORT LEVEL : 0.44 , 0.43
XRP Update: Waiting Game Between $0.47 and $0.56!
XRPUSD is neutral int he daily chart and as long as it is trading between $0.4722 and $0.5603, XRP will lack the momentum.
A bullish break-out of $0.56 will lead to $0.6642, a very important levels in different timeframes.
If Bitcoin will decline, XRP has a potential to revisit $0.4722, the daily support zone.
Below $0.4722 zone, XRP is the bearish.
Ripple XRP price. Global view of the chart on weekly timeframe😱If you believe in fairy tales that CRYPTOCAP:XRP can be worth $10 , then please prepare your psyche for the reality that #XRPUSDT has every chance of dropping to $0.20
Now, after a cold shower, let's take a look at the chart.
According to the wave analysis, there is no final answer yet: has the bottom of wave -2- already been reached or is it still ahead?
👉 If the #XRPUSD price can't be pushed below $0.40-0.45 in the coming weeks, then there will be a ray of hope that the "bottom has already been there". This will mean that the price may eventually start to grow by blue scenario.
👉 If no one "holds" the price of #Ripple, then "hello" $0.20-0.21. If you buy XRP there, you will be officially initiated into the sect of "$10=XRP witnesses" founded by desperadoes people in 2017.
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XRP BIG MOVE EXPECTED XRP is poised for a significant move on a higher timeframe , The breakout of a triangle pattern has already been confirmed, with the price currently retesting the breakout zone. If the breakout sustains, a substantial bullish rally towards $1 is anticipated. It's important to note that this information is not financial advice, so it's essential to conduct your research (DYOR) before making any investment decisions.
XRP bouncing from weekly support, may head to 0.8-0.9The price has found support at weekly support WS1 and has bounce from there. I think the price will target the weekly resistance WR1 as its next goal. The resistance next to WR1 is a monthly resistance MR1 around 0.8-0.9. MR1 will be a significant resistance level in case price reaches there and will cause a substantial pullback.
Do you believe the x2 growth of the Ripple XRP price ?The XRPUSDT trading pair is very specific, it moves as it wants and when it wants, regardless of the market trend.
The abnormally large issue of 100 billion coins, half of which are currently in circulation, makes XRP "clumsy".
But this does not prevent XRP from having a large caste of fans who believe that "soon" the price of XRPUSDT will reach $10, although they have believed in this since 2017 and may have been holding it since then ;)
Miracles rarely happen in the world, but perhaps the XRPUSDT price is again preparing for a rapid x2 growth to the $1 area ?)
What do you think? It was really good in the summer, can they do it again?
XRPUSDT to $1.22 this year?2 factors drive my analysis for why I'm forecasting XRP to hit $1.22 this year.
First:
XRP ETF Speculation from Blackrock. - BlackRock CEO Larry comment on the potential for an XRP ETF on Fox Business interview “I can’t talk about that!” when asked about an XRP ETF.
This left investors and analysts parsing his words for hints of BlackRock's possible foray into XRP
2nd: Technical Analysis
2 sides of the coin for this, as seen by my bullish green price action arrow forecast and bearish red price action arrow forecast.
However, i'm leaning more towards longs, due to fundamentals where despite volatility and FUD, the overall momentum is hopeful bullish.
At the time of posting - 14Jan 4.30 SGT, XRPUSDT is on the weekly support -resist level. Previous week's candle closed bearish, however, with a long wick showing buyers strength. This week looks to be ending on a green candle. Long sell wick indicates sellers strength.
Weekly is gonna close with a sideways momemtum, as market is hesistant and bith bear and bulls are looking to see each others next move.
I however, expect week support to be respected, and pump up to week's resist after some consolidation, to retest March 22 week resist zone.
If price retest Mar 22 resist zone and forms support on 0.748, I'm expecting XRP to push all the way to 1.22.
While bullish for $1.22 target, that'll probably be pre ETH ETF, to which, a massive liquidity grab will bring XRP back to 0.5-0.8 zone.
XRP: Poised for a Bullish Move
Hello fellow traders,
I would like to share my outlook on the XRP price, as I believe it may be gearing up for a substantial surge. However, please note that the following information is solely my opinion and should not be considered financial advice. Remember to conduct your own research (DYOR) before making any trading decisions.
Analysis:
XRP has shown signs of consolidation in recent weeks, exhibiting a strong base around the $0.60 level. This stabilization indicates a potential accumulation phase, with buyers gaining control and preparing for an upward move.
Price Projection:
Based on the current market conditions and the underlying bullish sentiment, I anticipate that XRP could reach a target price of $0.94. However, it is crucial to exercise caution and consider other technical indicators and fundamental factors that may impact price discovery.
Factors to Monitor:
As we track XRP's progress, it is advisable to keep an eye on significant market events, news releases, and cryptocurrency trends. These external factors can greatly influence the sentiment and price of XRP.
Risk Management:
As with any investment, it is important to have a well-defined risk management strategy. Set appropriate stop-loss levels and consider position sizing to protect your capital in case the market does not move in our anticipated direction.
Closing Thoughts:
To sum up, in my observation, XRP is consolidating and demonstrating accumulation characteristics. While I expect the price to move towards $0.94, it is vital to conduct thorough research, evaluate risk factors, and make informed trading decisions.
Remember, this analysis is for educational purposes only and should not be misconstrued as financial advice. Trade responsibly and make decisions based on your personal assessment of the market.
Best regards,
Crypto By Ghazi
XRPUSDT: TIME FOR BULLS TO TAKE OVER!Dear Traders,
XRPUSDT prices have potentials to reverse from current price action, it will a great opportunity to hold buy positions on this crypto. After analysing the chart it showed us that priced first accumulated and ‘accumulation phase’ have just finished. Price have retested the liquidity voided area.
Waiting for XRP to Catch Up• Since May of 2022, XRP has been trading in a range, Between 0.31 – 0.55 cents.
• XRP’s PA is highly correlated to Bitcoin (Correlation Coefficient >96%). I think it is safe to assume that if Bitcoin’s uptrend will continue, XRP will break above the range high to recover the July 13th wick (at least).
• XRP is above the 200, 50 & 21 Daily EMAs. The EMAs are beginning to spread apart with the short EMAs above the longer EMAs. This means that XRP’s short-term PA is turning bullish.
• A breakout 55 cents and a S/R flip is a prerequisite for a long trade.
Trade Idea:
• Entry: 0.55 (range high s/r flip).
• SL: 0.51 (EMA cluster).
• Target: 0.90 (50% of the July 13th wick).
• TP: 0.625, 0.70, 0.85.
• R: R: 1:9 (1:1.8 to first TP).
Volatility Period: Around October 13 (October 12-14)Hello?
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(XRPUSDT 1M chart)
If the price stays above 0.47, the upward trend is expected to remain.
(1D chart)
The key is whether it can receive support and rise in the box range of 0.4799-0.5086.
If not, and it falls below 0.47,
1st: 0.4485
2nd: 0.3942
You need to check if you receive support near the first and second levels above.
The volatility period is around October 13 (October 12-14).
Based on this point, it is necessary to check whether a trend can be formed by deviating from the 0.4799-0.5086 range.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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