XRPBULLUSD trade ideas
XRPUSD- The Bottom is In.Prices have recently tumbled to a low of 1.78 leaving many traders and investors in limbo, but if you've been in the crypto-spaces for some time you would not be shocked.
I recently had an idea that went pear-shaped because of the tumble in prices across the board. Fundamentally in the background there is a positive shift taking place. The FDIC ( Federal Deposit Insurance Corporation) is pushing big banks to adopt cryptocurrency and Blockchain technology and on the other hand Trumps administration is also talking positive about the crypto-space more so about companies that are founded in USA, with a possibility zero capital gain tax for individuals that invest in those companies.
I am of the opinion that the bottom is in however, we technically have to complete a golden cross on the 1 hour time frame to fully turn bullish. Selling pressure has ease off, so as soon as the majority of sellers start taking their profits, the momentum will push prices higher quickly.
Summary: Long/Buy
Entry 1 =2.47200 or 2.41053
Entry 2 = 2.65529
Target 1 =2.77854
Target 2 = 3.03502
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XRPUSD - Correction Wave 2 in ProgressTrend : Uptrend
EW No.:-
Option 1: Wave WXY or
Option 2: Wave WXYXZ
Note: Currently I see a correction to form Wave 2 is in progress. This is the wave from Wave 4 to Wave 5 (Refer previous chart).
This is just my point of view. No trade recommendation. Please do your own analysis before placing any trade. TAYOR.
XRP's Rollercoaster: Institutional Moves and Market DynamicsThroughout the first part of February, XRP holders have experienced significant consolidation, prompting many retail traders to exit their positions. There are several potential reasons for this consolidation:
Institutional Influence: Large institutional players, often referred to as "whales," may have influenced the market to push retail traders out, allowing them to acquire XRP at lower prices. This strategy isn't new; historically, similar tactics have been seen with fiat currencies and even physical silver.
Let's not forget, the maximum supply of XRP is capped at 100 billion tokens. Ripple Labs, the company behind XRP, created this total supply in 2012. Currently, about 55 billion XRP are in circulation, with the remaining tokens held in escrow by Ripple Labs, set to be fully released by April 2027. Recently, Ripple Labs established a connection to the SWIFT (Society for Worldwide Interbank Financial Telecommunication) system, which has approximately 11,000 financial institutions connected to it. If we hypothetically distributed all XRP tokens evenly among these institutions, each would hold around 9 million XRP tokens. However, distribution isn't likely to be even, especially considering the immense combined assets of major institutions like JPMorgan Chase, Bank of America, BNY Mellon, HSBC, and BNP Paribas, which total $63 trillion. If these five institutions alone were to own all XRP, each XRP would theoretically be valued at $630.
The global foreign exchange (FOREX) market has an annual trading volume of approximately $2.73 quadrillion. This staggering amount highlights the potential for XRP to facilitate vast transactions and perhaps even surpass Bitcoin in value. While Bitcoin relies heavily on investor sentiment, XRP has the infrastructure to support potentially quadrillions of dollars in transactions annually.
Ripple's Stablecoins vs. USDC: Ripple has introduced several stablecoins, such as RLUSD, RLGBP, RLEUR, and RLJPY, designed to enhance the utility and liquidity of XRP. These stablecoins are pegged to major currencies and are fully regulated, backed by banks, and custodied by U.S. financial institutions. By integrating these stablecoins into the XRP ecosystem, Ripple aims to bridge traditional financial institutions with decentralized finance (DeFi) ecosystems. This dual compatibility enhances Ripple's Automated Market Makers (AMMs) and token issuance functionalities, creating a robust infrastructure for pricing Real-World Assets (RWAs) and Forex trades in USD. Additionally, Ripple's stablecoins incentivize XRP liquidity through USD-XRP trading pairs, potentially capturing yield opportunities currently monopolized by centralized exchanges.
Governments around the world have expressed concerns about transactional transparency, particularly with stablecoins like USDT (Tether). Due to its lack of transparency and regulatory compliance, USDT has faced scrutiny and restrictions. In contrast, USDC (USD Coin) emphasizes regulatory compliance and transparency through regular audits, making it a more trusted and widely accepted stablecoin. Ripple's stablecoins, with their focus on transparency and compliance, are positioned to gain favor over USDT in global markets.
Global Uncertainty: Governments and global corporations have also played a role in the recent consolidation, particularly due to uncertainties about the impact of tariffs implemented by President Trump on the global economy. Additionally, many are anxiously awaiting the outcome of the SEC lawsuit against Ripple Labs and the U.S. government's decisions regarding a potential crypto reserve and the direction of new SEC leadership and the newly appointed Crypto Czar.
What can we expect next? Regular chart analysis suggests a short-term pullback to $1.47 by late February, which could present an excellent buying opportunity. By mid-March, we might see XRP rise to $3.84, yielding a 65% gain from today, February 7, 2025.
The future of XRP is still uncertain. Will whales push XRP to rock bottom again to shake out small retail traders? Or will we see a breakthrough with the SEC lawsuit being dismissed or settled, propelling XRP beyond $3.84 towards potentially hundreds of dollars per token? The next quarter will be critical, and it promises to be an interesting time for XRP holders.
Potential continuation of downside. looking at the chart we can see a break down of the trend that was current. After the trend, broke it seems to have flipped it as resistance. If we get a confirmation we can continue to go further down and sell off more. Its going against my indicator thats currently showing a buy. lots of liquidity to grab on the upside for btc up till 103k. SO we shall watch and see what the market does.
MY CURRENT POI FOR XRPSharing my Current POI for XRP, what are your thoughts? What do you see?
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XRP Under Pressure: Inflows RiseXRP, the cryptocurrency closely associated with Ripple Labs, finds itself at a precarious crossroads. While the digital asset has shown glimpses of potential in the past, recent market indicators paint a concerning picture, with traders increasingly taking short positions and exchange inflows on the rise. This bearish sentiment is further compounded by negative perpetual funding rates, suggesting a prevailing bias towards short positions in the derivatives market. Despite these challenges, pockets of optimism remain, with some analysts predicting a brighter future for XRP and its underlying technology.
Negative Funding Rates and Short Positions
Perpetual futures contracts, a popular instrument among cryptocurrency traders, allow investors to speculate on the price of an asset without an expiration date. Funding rates associated with these contracts reflect the sentiment of the market. A positive funding rate indicates that traders are willing to pay a premium to hold long positions, signaling bullish sentiment. Conversely, a negative funding rate suggests that short positions are dominant, indicating a bearish outlook.
Currently, XRP's perpetual funding rates are consistently negative, a clear sign that traders are overwhelmingly betting against the cryptocurrency. This bearish bias is a cause for concern, as it can create a self-fulfilling prophecy, where negative sentiment leads to further price declines, triggering more short positions and exacerbating the downward spiral.
Rising Exchange Inflows
Another worrying trend for XRP is the increasing inflows into cryptocurrency exchanges. When investors deposit their XRP holdings into exchanges, it often signals an intention to sell. A surge in exchange inflows can put downward pressure on the price of XRP, as the increased supply of the cryptocurrency on exchanges can outstrip demand.
The combination of negative funding rates and rising exchange inflows paints a grim picture for XRP in the short term. These indicators suggest that traders are anticipating further price declines and are positioning themselves accordingly.
XRP Ledger Stability and Innovation
Despite the bearish price outlook, the XRP Ledger (XRPL), the underlying blockchain technology behind XRP, has demonstrated resilience and innovation. Recently, the XRPL experienced a brief downtime, raising concerns about its stability. However, the network quickly "self-healed," showcasing its robust design and ability to recover from disruptions.
Ripple's CTO, David Schwartz, explained that the XRPL is designed to withstand potential failures, even in scenarios where all validators might perceive an issue with the network. This built-in redundancy and fault tolerance are crucial for ensuring the long-term stability and reliability of the XRPL.
Furthermore, the XRPL has witnessed the growing adoption of its stablecoin, RLUSD. In just two months, RLUSD has facilitated over 105,000 transactions on the XRPL, demonstrating the increasing demand for stablecoins within the XRP ecosystem. The success of RLUSD highlights the potential of the XRPL to support a wide range of financial applications and use cases.
The Path Ahead for XRP
XRP finds itself at a critical juncture. The negative funding rates and rising exchange inflows indicate a bearish short-term outlook. However, the resilience of the XRPL, the growing adoption of RLUSD, and the persistent optimism of some market participants suggest that XRP's story is far from over.
The cryptocurrency market is known for its volatility, and predicting future price movements with certainty is impossible. While the current indicators are concerning, they do not necessarily dictate the long-term fate of XRP. The cryptocurrency's future will depend on a variety of factors, including regulatory developments, technological advancements, and market sentiment.
For now, XRP investors should remain cautious and closely monitor market trends. The negative funding rates and rising exchange inflows should serve as a warning sign, but they should not overshadow the underlying potential of the XRPL and the ongoing developments within the XRP ecosystem. Only time will tell whether XRP can overcome its current challenges and fulfill the lofty expectations of its most ardent supporters.
XRP's daily & hourly RSI are screaming BUY BUY BUY!The daily RSI assessment is primarily based upon the fact that the last time XRP's RSI was this low was before the election when price was only $0.49; yet the price is currently $2.34.
This is not a bottom call at $2.34, there's still a strong chance the price could collapse as much as another 33%, to around $1.58 before the relief rally. However, the broader pullback the crypto market is experiencing is an obvious over-reaction by low disciplined speculators. As such, the odds of XRP rebounding back above $3 in the next 3-6 months (yielding a comfortable 28% ROI) is extremely high (around 70-80% likelihood).
The hourly RSI has also diverted from price; setting a double bottom, while XRP's price has slipped to a lower low; providing a strong short-term indicator that the price trend is about to reverse (maybe not back above $3 in the short term, but high probability of returning to +$2.80/20% gain.)
These rebounds are worst case scenarios, best case scenario this is a price range where your entry could easily 2-3x later in the year assuming the US confirms it will be buying up several cryptocurrencies for the newly created US Sovereign Wealth Fund/Strategic Digital Asset Reserve.
Scalping & Mid-Term Analysis for XRPMarket Overview:
Trend: XRP is in a clear downtrend after a major breakdown from $2.60.
Key Levels:
Resistance: ~$2.46 - $2.50
Support: ~$2.30 - $2.31 (weak) and $2.20 (stronger)
Indicators:
MACD: Bearish momentum continues, no bullish divergence yet.
EMA: XRP is trading below the 50 EMA, confirming ongoing bearish pressure.
Volume: Declining, indicating a lack of aggressive buyers.
๐ฅ Scalping Strategy:
๐ฉธ 1. Range Scalping (Short-Term Play)
Why? Price is attempting to stabilize near $2.30 - $2.31, but with weak bounce potential.
How?
Buy near $2.30, aiming for a small scalp to $2.40 - $2.45.
Sell near $2.46 - $2.50, as resistance is strong.
Stop-loss below $2.28, as further downside risk exists.
๐ฉธ 2. Breakout Scalping (If Volatility Kicks In)
Trigger: A breakout above $2.50 or breakdown below $2.30.
Execution:
If XRP breaks $2.50, scalp long targeting $2.60 - $2.65.
If XRP drops below $2.30, scalp short to $2.20 - $2.15.
๐ฉธ 3. EMA Scalping
Why? XRP is consistently rejecting the 50 EMA, meaning shorting resistance is effective.
Execution:
Short near EMA (~$2.45 - $2.50) if price fails to reclaim it.
Go long only if price reclaims EMA with strong volume.
๐ฅ Mid-Term Trend Forecast (1-3 Weeks)
Bias: Bearish โ Neutral
Why?
Continued lower highs, signaling no recovery momentum yet.
Breakdown from $2.60 - $2.50 resistance confirmed bearish dominance.
If XRP fails to reclaim $2.50+, expect a retest of $2.20 - $2.15 before stabilizing.
Only a strong move above $2.50 can trigger bullish recovery to $2.65 - $2.70.
๐ฅ News & Market Context:
No major bullish catalysts, meaning XRP lacks a strong recovery trigger.
Liquidity grab scenario likely, where market makers push XRP below $2.30 before reversing.
Watch for Bitcoin's impact, as XRP follows BTCโs overall market direction.
๐ฅ Decision: Enter or Stay Out?
๐ฉธ Short-term: Range scalping is viable, but only with caution.
๐ฉธ Mid-term: Bearish unless XRP breaks and holds above $2.50+.
๐ฉธ Ideal Play: Look for shorts on resistance rejection and avoid longs unless $2.50 is reclaimed.
๐ Final Verdict:
XRP is still in a bearish phase. If it fails to break $2.50, expect a deeper correction to $2.20 - $2.15. ๐ฅ
XRPUSD May Rise from the Support Zone.When the XRPUSD 8-hour chart is examined; It is observed that the price movements continue above the support zone. As long as the crypto does not break below the 2.2500 level, it is evaluated that the price movements above the 2.4624 level may exceed the 2.8137 level and target the 3.3324 level.
$XRP.X $XRP XRP Next Target PTs 30-34 --> 11 --> 68 What is Ripple?
Ripple is a privately-held fintech company that provides a global payment solution via its patented payment network called Ripple Network (also known as RippleNet). RippleNet is a payment network that is built on top of Rippleโs consensus ledger, called XRP Ledger (also known as XRPL). Ripple funded the development of the open-source XRP Ledger.
Unlike most cryptocurrencies out there that cater to peer-to-peer needs, Ripple was made to connect banks, payment providers and digital asset exchanges, enabling real-time settlement expeditions and lower transaction fees.
What is the XRP Ledger?
XRP Ledger (XRPL) is the open-source distributed ledger that is created by Ripple. The native cryptocurrency of the XRP Ledger is XRP. Compared to Bitcoin (BTC) which uses a distributed blockchain whose transactions are processed and secured by proof-of-work mining, XRP transactions are processed by a network of trusted validators on the XRP Ledger
Ripple transactions are publicly recorded on its open-source distributed consensus ledger which has a similar data structure to a blockchain where the successive data block includes the hash of the previous block. However, its consensus mechanism is different from Bitcoin or Ethereum. It does not rely on Proof of Work (PoW) and therefore there is no mining involved with XRP.
XRP instead relies on a consensus algorithm known as the Ripple Protocol Consensus Algorithm. The XRPLโs integrity is maintained by a group of trusted nodes. All transactions must be agreed by a supermajority of these trusted nodes for it to achieve consensus and be included in the XRP Ledger.
XRP/USD Analysis โ Bullish Elliott Wave 5 Expansion๐ XRP/USD โ Bullish Elliott Wave 5 Expansion ๐
๐ Weekly Chart Analysis | Elliott Wave + Fibonacci + MACD + RSI
XRP is currently in a Wave 4 corrective phase, setting up for a Wave 5 expansion. If XRP maintains key support levels and breaks above resistance, we could see a strong bullish move toward $10.45 and beyond.
๐ Elliott Wave & Fibonacci Analysis
XRP's Elliott Wave structure suggests that Wave 5 is yet to unfold. Based on Fibonacci extensions, the next bullish price targets are:
โ
Fib 0.382 (~$4.60 USD) โ Initial target, a breakout here confirms strong bullish momentum.
โ
Fib 0.618 (~$8.75 USD) โ Mid-term bullish target, aligning with previous resistance zones.
โ
Fib 1.236 (~$10.45 USD) โ Key breakout level for an extended Wave 5 rally.
โ
Fib 1.618 (~$14.99 USD) โ Ultimate Wave 5 expansion if bullish momentum continues.
โ
Fib 1.618 Extended (~$31.56 USD) โ Parabolic target if XRP enters a strong breakout cycle.
๐น Key Support Levels
๐ข $2.03 USD (Fib 0.236) โ Support
๐ข $1.47 USD (Fib 0.382) โ Deeper retracement support.
๐ข $1.14USD (Fib 0.5) โ Must hold for the bullish structure to remain valid.
๐น Key Resistance Levels
๐ $3.99 USD โ Crucial breakout zone.
๐ $5.05 USD โ First major Wave 5 target.
๐ $8.75 USD โ Strong resistance and Fib 0.618 level.
๐ $10.45 USD โ Breakout confirmation of Wave 5 expansion.
๐ MACD & RSI Confirmation
๐ MACD Analysis:
โ
Bullish Crossover โ MACD lines show a strong momentum shift.
โ
Increasing Histogram โ Indicates rising bullish pressure.
โก RSI Strengthening:
โ
Currently ~77 RSI โ Entering strong bullish territory.
โ
Above 60 RSI โ Momentum shift confirmed, but a short-term pullback is possible before further gains.
๐ Volume Analysis & Market Structure
๐ Current Volume:
๐น Volume is increasing, confirming strong buyer interest.
๐น A spike in buy volume above $3.99 USD will confirm a breakout toward $5.05 USD.
๐ฆ Market Structure Confirmation:
โ
Higher lows forming โ Bullish structure intact.
โ
Breakout above $3.99 USD + volume spike = Strong Wave 5 rally potential.
โ
Bullish Trade Plan
๐น Entry Trigger: Breakout above $3.99 USD with volume confirmation.
๐ฏ Take Profit 1: $5.05 USD (Fib 0.382)
๐ Take Profit 2: $8.75 USD (Fib 0.618)
๐ Take Profit 3: $14.99 USD (Fib 1.618)
๐ Stop-Loss: Below $1.14USD (Fib 0.5)
๐ก Conclusion & Market Sentiment
๐น XRP is approaching a key resistance zone at $3.99 USD.
๐น A break and close above this level with strong volume will signal the start of Wave 5, potentially targeting $8.75 USD and beyond.
๐ข Market sentiment remains strongly bullish.
โ
If XRP holds above $1.14 USD, the bullish wave structure remains intact.
โ
MACD & RSI confirm strong momentum, but volume confirmation is needed.
โ
Watch for a volume breakout above $3.99 USD before entering a trade.
๐ข Whatโs your XRP price target? Comment below! ๐ฅ
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XRP going to the $2.20s??- A 4-hour SIBI FVG has been established between $2.59โ$2.56, which could be a strong resistance to keep prices from climbing. There is also a 1-hour SIBI within that area which gives me more of an indication for resistance.
- If the $2.20s range is to be reached, the first price point to monitor would be $2.4873. If price does not hold and falls below, that liquidity is taken. We will retrace slightly up and then look for the next price, which is $2.4695.
- If there is no support at that price point, the next price of interest will be at $2.4194. At this point, if the liquidity is swept, due to the liquidity void below, $2.28 is very possible.
- Going back to the last big liquidity sweep which was yesterday, price dropped about 2%. A sweep at $2.41 could have a similar effect. Although to reach my estimated price, it would need to be about a 3% drop.
- Over-Projecting: The chart gives me a decent probability of reaching $2.28, but even if it does, I think I will be holding on buying. My true target is the sub-$2.20s and maybe the low $2.00s range. However, we may never see that price again.
- What are you seeing?
XRP Short XRP historically fails after it has a rally. Each time on this monthly chart, XRP has pulled back drastically. With 3 months worth of growth, we can expect the prifit taking to occur to account for tax liabilities for the upcoming tax season as profit taking will take place to cover.
This pull back needs fuel to take it to the next level. Next major price level based on the 2017 impulse is $4.25, then $5.41, then $8.75, then $12.10, then $14.17