XRP Ready for Takeoff: Forming a Bullish PennantXRP is forming a bullish pennant, indicating a potential upward breakout. As the pattern consolidates, traders are anticipating a significant price surge, positioning XRP for a strong rally.Longby awsmtrades16
SHORT from 0.66Hola, i think we are going to backtest the 0.66. Then a final agressive wave down. And the last wave please. Shortby G1D3onn112
Ripple: Please Come Back!The recent rise is not yet significant and sustainable enough to convince us that the low of the magenta wave alt.(c) has already been placed. This scenario (37%) would require a rise above the resistance at $0.9479 for confirmation. For the time being, we stick to our assumption that the altcoin should bounce back and fall below the support at $0.2874 before placing the low of the magenta wave (c).by MarketIntel0
BuyBack is @ 0.5219 for safe inBuyBack is @ 0.5219 for safe in. XRP on the daily is about to turn into a sell. I have my Buy Back in already at 0.5219 which is the Dashed Lines on the weekly chart. The actual target is: 0.5064 HOWEVER, you will not be able to capture that in time (if sleeping) and that is usually when the target hits. The formula is prior 21 Day MA movents on the weekly. 0.5064 is near limit and exchanges are anywheres from 1 to 2 cents difference in exchanges thus, I feel 0.5219 is A SAFE BET FOR ME. The WizardOfRealms13 Shortby WizardOfRealms223
XRPUSDT Bearish outlookRipple bulls seem tired; they now need a little rest to regain strength. A sell position will be confirmed once the price breaks below the last H4 candle. The risk-reward ratio is 1:4.Shortby ilia.gobadze2
RSI on Daily about to cross downRSI on Daily about to cross down I do believe we are about to finally see the Daily Sell Signal within 25/48 hours. This is to prepare for the drop. Marking as neutral for now. The WizardOfRealms13 by WizardOfRealms223
RSI on Daily about to cross downRSI on Daily about to cross down I do believe we are about to finally see the Daily Sell Signal within 25/48 hours. This is to prepare for the drop. Marking as neutral for now. The WizardOfRealms13 by WizardOfRealms112
Waiting for breakout and back test of supportXRP looking strong here in the 59 cent area. Currently testingt resistance here. Should we break up and out of the triangle...wait for a back test of .58 cents and if it holds...time to scale in and wait for the BOOMSHAKALAKA! Good luck and Happy Trading!by marcomarcello22114
The one day chart was never a SellThe one day chart was never a Sell. The 3 hr and 4 hr chart screams buy. So, I am in. On the one day chart the red ma line was support. The WizardOfRealms13 Longby WizardOfRealms110
Now, the xrp Sell signal has come inNow, the xrp Sell signal has come in. I have to learn not to jump ahead of the signal. Some say the range is between 0.51 and 0.53 for a buy-in. That would be a great entry point but see what the Buy Signal has to say. The WizardOfRealms13 by WizardOfRealms3
XRP QUICK NIGHT TA!🔥 Hey hey! Hope everyone's doing well, got some free time and wanted to get a quick TA and follow up here from our last idea. It'll be a quick but important idea. And thanks for joining me as always! 🔥 In our most recent idea we added in this ascending channel with the blue lines, I've extended it in today's idea with the red lines for reference. And here's a link and image of the previous idea: 🔥 Following off from that we'll take a quick look at what's happened since and some smaller timeframes. First thing to note is that as we spoke on in the previous idea, we we're anticipating a possible reversal and retracement, especially after the big rally we'd experienced. Can see how once we lost that ascending channel we really got some sell pressure before getting that support at 0.541. And for reference here's our 15 minute chart: 🔥 I've added two annotations for reference to highlight the two points of interest as of currently. First things first, can see how once we lost that 200 EMA bears basically took over before that support at 0.541 hit back ultimately helping us regain that 200 EMA and pushing us to our next highlight! 🔥 We're at this horizontal channel now and if I had to say from past trading action and behavior, we'll more than likely be seeing some sort of breakout soon enough, now whether or not that happens depends on the 200 EMA, we're familiar with that 200 EMA by now and it's effect so what happens next will more or less be based off whether or not we can stay afloat and above that or if we'll lose the 200 EMA again being that we've failed to form a higher high already and tested that support at 0.541 so definitely set some alerts for 0.541 and 0.610 if you want to keep tabs on things. 🔥 Said this was going to be a quick idea and that's that. Just wanted to follow up and highlight a couple things for now but I'll definitely keep you guys posted and thanks for joining me once again as always, many blessings and good wishes till next! ~ Rock ' by Rocksorgate226
Is it time???Just wanted to point out that the length of this huge convergence point in Xrp's chart has gone on much much longer than anticipated. If you take a look at the all time high and extend that to the next extreme high that Xrp had. We're talking from December 2017 (bullrun) to April 2021 (highest price). If we extend that timeframe from the April 2021 date all the way to now leading up to the present end date of September 2024, we'll have doubled that timeframe from all time high to most recent high. I'm expecting big things for 2024, and we're only just getting started!Longby Immortalsouls4
Head and shoulder almost complete Ripple is going to complete an head and shoulder that will push price down a last time to touch long term support trendline This will be a good entry point to catch the long waited upside moveShortby balinorUpdated 151565
Technical Analysis of XRP/USD Chart Key Indicators: Moving Averages (MAs): The chart does not explicitly show MAs, but the general price trend suggests that shorter-term MAs (like the 20-day or 50-day) are likely upward-sloping, indicating a bullish trend. Relative Strength Index (RSI): The RSI is at 65.11, suggesting that the asset is in the bullish zone but not overbought. This indicates there is still room for upward movement before hitting overbought levels. Volume: The volume histogram shows an increase in trading activity during recent price rises, which is a bullish sign. Higher volume on up-days compared to down-days suggests strong buying interest. TradersEdgeX Histogram: The histogram shows a positive value (78.1397 to 82.1787), reinforcing the bullish sentiment. Chart Patterns: Potential Double Bottom: Around mid-June, there seems to be a potential double bottom pattern forming at approximately $0.45, followed by a significant rise in price. This is typically a bullish reversal pattern. Bullish Engulfing Candle: The recent price action includes a bullish engulfing candle, indicating strong buyer momentum. Support and Resistance Levels: Support: Strong support is visible around $0.45, which aligns with the double bottom pattern. Resistance: Immediate resistance is at $0.60, and a break above this level could see the price testing $0.65 and $0.70. Volume Analysis: Increasing volume with price increases suggests that the upward movement is supported by strong buying interest. Declining volume on pullbacks indicates that sellers are not strong enough to push the price down significantly. Trend Analysis: The overall trend appears bullish with higher highs and higher lows forming. The RSI and volume analysis also support this bullish trend. Potential Scenarios: Bullish Scenario: If the price breaks above the $0.60 resistance level with significant volume, it could continue to rise towards $0.65 and potentially $0.70. Bearish Scenario: If the price fails to break above $0.60 and falls below the recent support level of $0.50, it could retest the $0.45 support level. A break below this could signal a reversal to a bearish trend. Questions and Considerations: Will the price sustain above the $0.60 resistance level, or will it face significant selling pressure? Is the volume trend strong enough to support continued upward movement? Risk Management Strategies: Stop-Loss Levels: For long positions, a stop-loss can be placed just below the $0.50 support level, to minimize losses if the price breaks down. For short positions, a stop-loss can be placed above $0.65, considering the next resistance level. Risk-Reward Ratios: A typical risk-reward ratio of 1:2 or 1:3 can be considered. For instance, if the entry point is around $0.60, the target could be $0.70 with a stop-loss at $0.55, offering a 1:2 risk-reward ratio. Position Sizing: Position size should be determined based on the trader’s risk tolerance and the stop-loss distance. For example, if risking 1% of the trading account on a trade, calculate the position size so that the loss does not exceed 1% if the stop-loss is hit. Summary: The chart analysis indicates a bullish trend with strong support around $0.45 and resistance at $0.60. Volume and RSI support the bullish sentiment, but it’s crucial to monitor the price action at the resistance level for confirmation of continued upward movement or potential reversal. Employing proper risk management techniques, such as stop-losses, risk-reward ratios, and appropriate position sizing, will help in mitigating potential losses.by vipervv20001
XRP - When Breakout? Probably one of the slowest bullish developing patterns in #crypto history Yes! XRP ledger sucks Yes! it's centralised garbage that the banks will not use. Yes! It does not even have a blockchain per se. Does not matter the tea leaves says higher for longer than most can fathom. Longby BallaJiUpdated 13
XRP will reach $7 by end of 2024Based on macros, and the fundamentals of XRP. With the SEC coming to a close in AUG/SEP 2024 this will most likely reach $6 to $7 dollars. Conservatively. I see, $22 in the books. But keeping it real with not being overtly greedy.Longby IMT282837
$589 XRP Bull PennantIf this measured move plays out: IMO, in 24/25: - Mid cycle $30 resistance @ 1.618FIB / $10 Correction in 2024 - press up to $589 in 2025. Longby XRP-JonnyUpdated 7676164
Shorting XRPShorting XRP here I believe it goes lower if it does go higher then i cut it becuase it has no business revisting up may have to reenter trade if im wrong once. T1 is the Q mid point Shortby PAtrades1Updated 1
XRP Weekly Time frame Analysiswe are close to breaking the symmetrical triangle. What a nice chart! Enjoy it.Longby blue8white_sky229
XRP vs godl & T10Y2Y yield curveDo these look like correlations? 1. XRPUSD vs XAUUSD, 1W (top chart). - gold and XRP flat prior 2019 notwithstanding XRP's 2017 bull run spike. - gold increases 2019, moves flat 2020-2020 while XRP rises during last bull run. - separation occurs late 2022 with gold increasing since. Will XRP catch up? 2. XRPUSD vs T10Y2Y US treasury yield curve, 1W (bottom chart). - long term decline in curve to about Aug 2020 then increases to match XRP's price at top of last bull run. - curve then declines and inverts matching XRP's drop and flat movement since last bull run. - curve un-inverting and XRP recently increasing? If rates are cut, are we going to see the curve un-invert, gold pump, and XRP spike above its ATH?Longby MichaelM00112
#Ripple #XRP strong support over 0.52#Ripple #XRP // 2 important levels that has a high volume profile, 0.62 and 0.52, now strong support over 0.54 that is the level of EMA&SMA 200, an average 200-days line usually be the symbolic boundary between Bull and Bear.Longby misterpk4
XRP TA as of 7/18/2024Here is a technical analysis of the XRP/USD (Ripple to US Dollar) daily chart as shown in the screenshot: Current Price and Market Conditions: Current Price: $0.56588, down by $0.05954 (-9.52%) for the day. Day's Range: $0.55771 - $0.63674. 52-Week Range: $0.38249 - $0.79844. Volume: 17.34M, with an average 30-day volume of 9.58M. Market Capitalization: $31.64B. Key Support and Resistance Levels: Support: Immediate Support: Around $0.557 (today’s low). Major Support: Around $0.42220 (marked on the chart as a purple line, indicating a significant historical support level). Resistance: Immediate Resistance: Around $0.636 (today’s high). Major Resistance: Around $0.70 (not shown but inferred from previous peaks in April and May). Trend Analysis: Short-Term Trend: Recently, there has been a sharp increase in price, moving from around $0.44 to $0.63 within a few days, indicating a strong bullish move. The current pullback might be a correction after a rapid rise. Medium-Term Trend: The price has been in a downtrend since April, with lower highs and lower lows until this recent spike. Long-Term Trend: The long-term trend still shows a bearish pattern, with the price declining from the high of $0.79844 within the past year. Volume: Increased volume today indicates strong trading activity, likely contributing to the volatility. Performance: 1M Performance: +12.13% 3M Performance: +12.64% 6M Performance: +4.12% YTD Performance: -8.00% 1Y Performance: -27.21% Technical Sentiment: The sentiment gauge at the bottom suggests a neutral to slightly bullish outlook in the short term. Observations Recent Rally: The recent rally might have been fueled by positive news or market sentiment, but the sharp decline today indicates profit-taking or a market correction. Key Levels to Watch: Support around $0.557 needs to hold to prevent further decline. Resistance around $0.636 needs to be broken for the uptrend to continue. Price Action: Candlestick patterns show significant bullish activity recently, followed by a bearish engulfing pattern today, which might indicate a potential reversal or consolidation. Conclusion: Bullish Outlook: If the price can hold above the $0.557 support and break above the $0.636 resistance, it could indicate a continuation of the bullish trend. Bearish Risks: If the price falls below the $0.557 support, the next major support is around $0.42220, which could be a potential target for further declines. Neutral Sentiment: Given the mixed performance metrics and the current market correction, a neutral to cautious trading approach is advisable. Monitoring volume and key support/resistance levels will be crucial for making informed decisions. Longby rogers19065
XRP clearing some low liquidity:)As you can see it’s going down to test lower value areas before going back up to clear those purple boxes/single prints. Don’t hesitate to ask any questions on levels or directions. I use numerology, TPO, patterns and technicals. Shortby L_UP_247330