XRP 3 month cycle - fib extension projection - XRP mass globalization, major market share of crypto MC. initial push to $13 followed by 2nd wave to $150+
XRPUSD.P trade ideas
XRPUSD - Another Bear Market Rally According To This...This pattern closely resembles the XLM count and can also be seen as an alternative count for XLM.
Here, I'll explain the reasoning behind my belief that XRP is unlikely to surpass its all-time highs in this current move.
Any analysis predicting otherwise is likely driven by either optimism or Elliott Wave theories. As with all good things, significant progress requires patience.
This perspective should reassure you that there’s potentially more time to accumulate before the real surge happens.
Just because Bitcoin is on the rise doesn’t guarantee that every other crypto will follow suit. So far, XRP and XLM have clearly shown that they do not always align with Bitcoin's movements.
This is not financial advice.
XRP on the way to 2 dollar Target. Ill try to keep this short and sweet. XRP just broke out on bullish butterfly harmonic. This harmonic is going to be very powerful to the upside. termination point is 1.90-2 dollars (cyan line).
This target may not be the final, but is definitely a target along the way before we see a reset.
This is not alt season, but its on the way and with early breakout- this is excellent time to get in on the heavy profits. My trade was entered at 62 cents. Lets go!
Xrp - This Triangle Wil Double Your Money!Xrp ( BITSTAMP:XRPUSD ) is retesting a major confluence of support:
Click chart above to see the detailed analysis👆🏻
For a couple of years now, Xrp has been trading in a bullish symmetrical triangle pattern. As we are speaking, Xrp is retesting the lower support trendline and also a horizontal support level. It is quite likely, that we will eventually see a breakout above both triangle patterns on Xrp.
Levels to watch: $0.5, $0.6, $1.0
Keep your long term vision,
Philip (BasicTrading)
$XRP Long position trade entry using Kelly Criterion bet sizingI am bullish BITSTAMP:XRPUSD with upside targets of $5, $10 to $15. Those are the 3 main target levels.
$5 target, 99% probability of being hit, IF price breaks out above $2
$10 target, 30% probability of being hit
$15 target, 10% probability of being hit
Selling may change depending on market conditions.
I consider this trade a combination of investment, trade and bet. Think of it like a call option with no expiration date. It effectively goes to 0 or it breaks out of the range and hits my price targets.
CRYPTOCAP:XRP
Reasons for Bullish bias:
Crypto and BTC is in a confirmed bull market uptrend on the monthly
Public ignores and hates it since 2017
It’s listed on Robinhood
Reasons for Bearish bias:
It’s a premined shitcoin that can go to $0.
Unknown variables:
No specific timeline on when XRP might or might not pump.
Remember to size your position correctly using Kelly Criterion.
The variables are your reward to risk ratio and the probability of hitting your target.
The reward to risk ratio is between 9x to 33x. Let’s conservatively use a 10 to 1 reward to risk ratio.
Based on subjective factors, I estimate the probability of a breakout pump to be 50%.
Let’s plug this into an online Kelly Criterion calculator to see how much it tells me to bet.
It’s not recommended to bet full Kelly as that maximizes your volatility despite still being +EV. You want the proper balance between lower volatility and yet still high enough +EV. General guidelines are between 0.25 Kelly to 0.50 Kelly for the bet sizing.
I like to YOLO so I bet ½ Kelly. I recommend betting ¼ to ½ Kelly with the portion of your portfolio you have dedicated to shitcoins. I recommend a crypto portfolio of at least 70% to 80% bluechips which are BTC and ETH. Those are the only 2 cryptocurrencies that are backed by institutional ETFs.
Example you have a $10,000 crypto portfolio. 20% allocated for shitcoins which is $2,000.
A ½ Kelly bet would be 22.5% of $2k. That is a $450 bet size.
If you lose your bankroll drops to $9,550 which is a 5% loss.
If you win, your bankroll grows to $14,050 which is a 40% return.
Those are not bad results. Use the Kelly Criterion calculator to play around with different probabilities and upside targets. It’s better to be conservative with the upside targets and probability of success.
Assuming we get a confirmed price breakout. I will detail the CRYPTOCAP:XRP Long exit strategy in a follow up post.
See link in my signature for more detailed trade strategies.
XRP is showing promising signs of a breakoutXRP/USD – Weekly Chart
XRP is showing promising signs of a breakout. After consolidating for a while, the price is approaching a key resistance level at $0.75. A break above this level could signal a strong upward move, with the first target at $1.293. The overall trend is supported by rising indicators, and a sustained pump could follow once we clear $0.75.
Support lies around $0.29, but bullish momentum looks likely to build in the near term. Keep an eye on how the price reacts at this resistance zone for further confirmation.
#XRP #Ripple #Crypto #TechnicalAnalysis #Breakout
Ugly invh&s on XRPUSD already breaking above the necklineEven though this already now has a sizable candle breaching the neckline of this inv h&s pattern, we must remember that even bigger breaks above invh&snecklines in the past have still found a way to dip back below the neckline, and this candle currently has a decent top wick goin on it as XRP often likes to pull after a pump, so we haven’t validated the breakout of this pattern just yet. However, wanted to post a new updated version of this pattern to show that if we were to validate the breakout here which is a little earlier than where. Arbitrarily placed the measured move line of the breakout on the previous version of this chart, the target would then be slightly higher taking us to around 93-94 cents. Again, no guarantee we won’t find a way to dip back below the neckline here in which case I will ahve to readjust the measured mvoe line lower again but I still out of excitement wanted to post this update considering XRP has been playing it coy the ast few days that bitcoin has been pumping. *not financial advice*
XRPUSDIf you followed this setup with us, you are still doing well. If not, here's an update:
We are still in this trade and have cut some profit. This helped out tremendously with the Gold oversight and we'll hold the last position to completion. If you have not moved your trailing stop up please do so now depending on where your entry is. Ours was at .51402 and .52395 with a stop at .48629 which was moved to.52395 to cover the last entry.
Next week we'll be taking a low risk approach moving toward the holidays but rest assured we will be on standby for all good looking opportunities that present themselves!
T.Y.L.A.
XRPUSD Ripple vs SEC and Technical Analysis Weekly **Fundamental Description: XRP and SEC Lawsuit Update**
The ongoing SEC lawsuit against XRP has taken a significant turn as legal developments appear to favor Ripple. Adding to the optimism, there is speculation that if Donald Trump returns to office, SEC Chair Gary Gensler may face dismissal. This potential leadership change could bring a more crypto-friendly approach to regulatory policies, further boosting sentiment around XRP. Such developments, combined with Ripple’s growing use cases, strengthen the market’s confidence in XRP's long-term potential.
**Technical Analysis: XRP Price Action**
On the weekly chart, XRP has successfully passed the 0.786 Fibonacci retracement level from its all-time high, a notable bullish signal. However, the price is now testing the resistance at the July 2023 high. With two critical resistance levels in play, it’s prudent to wait for the weekly close to see how the price reacts. A clear breakout above these resistances could signal further upside, while rejection might indicate a period of consolidation. Patience is key as the market seeks direction.
XRPUSD BUYING - Possible bullish pullback price movement towards the resistance 1.16$ within the next period.
XRPUSD Gathering Strength broken downward trend bull strike soonHI everyone,
XRPUSD has its long term accumulating and now broken downtrend.
XRP is still in accumulation area which can last upto .75 cents as you can see in the channel.
After the breakout of 75 cents, i am expecting a strong rally in XRP as i believe it is an institutional grade product and they are coming for solid product and what else to buy than a long boring accumulation and no interest from Retail.
On 3day chart, the rsi has clearly broken out from downward trend
Also, if you look into pairing with btc, you will see it is trying to hold support at double bottom.
if successful, it can get strong momentum till december and beyond.
As a target, i am expecting a minimum hit of 1.50 as a target which is in between .618 and .786 fib level.
Have a nice day and best of luck trading this pair at your own due diligence
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A Years worth of CompressionIt's been alot more than a Year for Ripple. With their ridiculous lawsuit off the table and the Arch Nemesis getting kicked out of his chair. It's pretty much open season from here.
We are currently at a crystal clear resistance zone and not seeing the historically normal rejection candle that shorts would pile into. Thanks to the broader market rally and the US wanting to become the crypto capital with its new presidente, I think we actually see ATH levels this bullmarket.
Coinbase just came out with their Top 50 ETF type index for crypto alts. I imagine more exchanges will follow suit. And if it is anything like a normal index ETF from the stonk market, they will be purchasing the coins listed for their reserves. Adding even more fuel to the fire.
Doge and Xrp Analogy.There seems to be an interesting graphic similarity between Doge and Xrp. The Doge chart is like the completed version of Xrp chart. It's a good idea to keep this as a secondary point of view.
XRP Poised for Critical Breakout Amid Key Resistance Levels Ripple’s XRP has been navigating a defined range over recent months, marked by consistent rejections and support zones that traders should be paying close attention to. The current weekly chart reveals a consolidation pattern with key levels acting as critical indicators for potential future price movement.
Key Technical Insights:
Current Trading Range: XRP/USD is trading near $0.589, holding within a rectangular range that spans from approximately $0.497 to $0.665. This range has persisted since mid-2023, showcasing a repeated cycle of buying and selling pressure.
Potential Breakout Indicators: A close above the $0.665 level, which aligns with the first “SELL Stop 1” threshold, could pave the way for a rally towards higher resistance levels, notably around $0.742 and $0.852. These points mark historical pivots where significant rejections occurred.
Volume Dynamics: The recent uptick in volume hints at growing interest, suggesting that a decisive move could be on the horizon. Traders should monitor if this surge in volume accompanies a break of the current range or signals another false breakout.
Downside Risk – Key Supports to Watch: On the downside, the $0.497 mark is highlighted as a critical “SELL Zone” but carries a caution of potential bounce. A weekly close below this level would likely lead to further downward momentum towards the $0.439 “BUY ZONE,” providing a potential entry for long-term positions.
Conclusion:
Investors and traders should be vigilant as XRP approaches these pivotal levels. The confluence of past trading behavior and heightened volume indicates that the cryptocurrency may soon break out of its months-long consolidation phase. While an upside breakout could propel XRP towards $0.742 and beyond, caution is warranted as reversals within the current range remain possible.
XRP is ready for a big move to 10$ XRP has been in this triangle for nearly 7 years, and it's finally breaking out! We could see $10 in the next 6 months. 🚀
Don't sell your houses and cars to buy XRP... just kidding! 😄
Let’s make this happen, guys! Stay strong! 💪 #XRP #Crypto #Breakout
XRP breakout!After consolidating for four months, XRP has successfully broken through the 0.625 level, indicating renewed bullish momentum. However, it is currently facing resistance around the 0.73 mark, which may act as a barrier in the near term. We anticipate that the market could pull back slightly to retest support, followed by a period of sideways movement as it gathers momentum for the next potential upward surge. Should the price fall below the 0.60 level, however, this bullish setup would no longer be viable, and further downside could be expected.
XRP - Bear Move In SightXPR, since it's positively correlated to BTC, is also about to tank hard. The bull run is almost over.
Ripple (XRP)Ripple needs no introduction, an open-source, permissionless and decentralized technology which offer low-cost, speed, scalability and inherently green attributes as well as featuring the first decentralized exchange. Also, Ripple news about legal battle with the SEC increased its popularity; although, the final outcome of these courts battle can determine its long-term direction. Anyway, it can be seen from the chart that XRP loves to make big triangle-shaped pattern, mostly descending ones. And after each ones, XRP's price soared. XRP also broke its last descending triangle pattern and went upward, albeit a little. But it seems for the XRP to soar, we need to wait for the legal battle results. Let's see what happens.
XRP on the Verge of a Major Rally: Bullish Momentum BuildingAt Vital Direction, our technical analysis for XRP suggests that it may be on the cusp of a significant rally. Since XRP’s notable bottom in early 2017, the price surged dramatically until its peak in early 2018, reaching around $3.20. Following this peak, XRP entered an extensive consolidation phase, which, according to Elliott Wave Theory, appears to have formed a WXY complex correction. This correction saw both the W and X waves unfold as ABC zigzags, with the final Y wave developing as a contracting ABCDE triangle.
A critical support level at $0.486 remains pivotal to XRP’s future movement. Provided this level holds, we believe XRP has the potential to break free from its prolonged consolidation phase and surge towards a new all-time high. Our analysis suggests that, as long as $0.486 is not breached, XRP could rally significantly, with a conservative price target of $9 or higher.
This analysis aligns with rising optimism around the potential of XRP’s ecosystem, especially given its integration within financial networks and blockchain solutions. As XRP approaches this decisive support, traders and investors should closely watch for a potential breakout, which could reward those positioned in the market early.
XRP can breakout of logchart triangle once .59 is sold supportThe top trendline of this logarithmic weekly chart symmetrical triangle has played amazing resistance for quite some time now. However since that trendline is a descending one, the price that xrp’s price action needs to maintain as support gets lower and lower with every weekly candle close. Currently, if xrp can flip 59 cents to solidified support and maintain that support for multiple weekly candles it would validate the breakout. By next week’s candle it could be even lower. For the sake of the steroids 589 number that seems to be associated with XRP, it would be fun if the level needed to flip to support to break above was 58.9 cents imo. With the uptrend in the crypto bull cycle seemingly resuming here, the probability of XRP climbing above .589 in the near future and staying above it has greatly increased. Wouldn’t surprise me if the day it really blasts off and confirms//validates the breakout of this triangle coincides with something newsworthy like Gensler resigning or the SEC Ripple case being settled or even dropped. I anticipate a Bullish December, but perhaps even a quite bullish rest of november here as well for XRP It’s already off to a good start to the month so far and hopefully it can keep that momentum going. Always a chance at some sort of temporary Black Friday black swan discounts though so wise to stay vigilant. In order to get as zoomed in as possible on price action for this post, I cut the measured move target out of the frame, but if you were to drag the chart with your mouse(or finger if using a touchscreen) you will see that the target for the breakout of this log triangle is around $10.57 if it were to break above the triangle on the enxt few candles. *not financial advice*
RIPPLE - Buy ideaThe recent breakout of the key-level resistance at 0.5793 had been confirmed by the close of the weekly bar. It is more than likely that price action will continue on this upside trajectory. the next significant key-level is at $0.6860, our official profit target.
XRP GofishXRP looks like it wants to make a break out from its second cycle fractal pattern which from the fractal it copied from its first cycle was much smaller in scale. Macro Diamond Pattern lets go fishing!
