XRPUSDT - looking for more downside
- sweep of the weekly range low + hit in the fvg would trigger long positions
XRPUSD.P trade ideas
Overlapping double top & double bottom patterns on xrpusdHard to say which one of these patterns are more likely to get validated at this point. Always a chance Bitcoin dumps one last big leg down from now until June in which case one last big capitulation dump could be enough to trigger the double top pattern here. However if the correction for bitcoin has already found its bottom then I think its a higher probability that the double bottom pattern is the one that gets validated. Either way I think a decision will be made on one or the other before June. To actually get the double top pattern to play out and drop as low as this target would be an amazing opportunity of a gift to load up on much more xrp in my opinion *not financial advice*
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XRP – Next Best buy opportunity of a Lifetime?After calling the crash right into the orange box posted for everyone months ago shown here, we are now at the next best buying opportunity of a lifetime! Yes, we can still have that one last capitulation wick down, but who cares! The majority will yet miss this opportunity of a lifetime timing the bottom. The majority will also miss out on the calculated Take Profits when that time comes trying to time the top! It’s going to be a fun but very sad bull cycle for most!
Remember – when “Dumb Money” bashes on Crypto due to Emotions, that’s probably an indication that we are nearing bottom! Check out “Dumb Money” comments from chart below! (comments from link below during capitulation was very funny lol!) People were calling BTC trash and calling for another crash when we were at 17k. This shows the true “Capitulation Phase” of the cycle. Sad that they missed out.
When we hear “Bullish News event” on social media, or from television/radio, that’s probably the time to start de-risking. We do not want to be the 95% who gets rekt like in 2018 and 2021. We are here to make a profit, not be “Diamond Hands.”
Whales/elites will not miss any opportunities to make money. They simply buy the fear, hype up the market, take profit and crash it again after taking profit. Instead of beating then, lets ride with them! ;)
The majority got Rekt last year due to listening to the "Bullish" Narratives the media and Social Media Influencers were portraying last year! Stop listening to them and start paying attention to the technicals.
Before reading, get rid of your moonboy mentality and no emotions for dips/corrections! Cannot rule bearish scenarios! Dips are for buying!!
People are so focused on the hourly/daily timeframe that they get emotional on every dip! Take a step back to the weekly/monthly timeframe and see why I'm so bullish now. Stop looking at the short-term dips/rise. Short term is irrelevant for the move that is coming!
You can't be emotional in these markets (stocks, forex, crypto, real estate, etc.). You will lose this game following the news and doing what the majority does. News creates emotions. Everything you need to know is on the charts. News is manipulated by the elites, and they take advantage of our emotions. Stop listening to the news and pay more attention to the charts. Don't follow the majority, because the majority will lose in the end! Also, don't buy the hype when everyone is buying... instead buy the fear when everyone else is selling.
Everything is on the chart! Cryptocurrencies are on the verge of exploding higher. Dips/Corrections are normal and needed in a bull market and are buying opportunities! Huge gains opportunity in the coming months! Never trade blindly. Use multiple indicators to make calculated decisions. Trade with no emotions!
"If you can't beat the fear, do it scared!"
"Be fearful when others are greedy, and greedy when others are fearful!" - Warren Buffet.
"Markets are a device for transferring money from the impatient to the patient. - Warren Buffet
"Show me the charts, and I'll tell you the news." - Bernard Baruch
"The secret to investing/trading is figuring out how rich you want to be and how poor you're willing to become."
"If you want to live like the 5% of the population who are hugely successful, then don't act like the 95%!"
XrpUsd - The beginning of the end?BITSTAMP:XRPUSD is actually attempting to invalidate my long term bullish case scenario.
Trading cryptocurrencies in general is not easy. You always experience two digit moves in single days and drops of -10% are never easy to digest. Looking at the higher timeframes is key though, also on XrpUsd. XrpUsd is still trading in the triangle formation and retesting the last bullish inflection point. My general optimism tells me that we will see a bullish rejection here.
Levels to watch: $0.42
Keep your long term vision,
Philip - BasicTrading
Xrp still trending on pullbacks!Clearly Xrp is replicating what happened in 2017 before it's first major bullrun to $3+. We should take note that more than 8000 Xrp are still burned on a daily basis and ever increasing. This has minimal effect on the price yet we still see these frequent trendlines to the upside on these pullback wicks. They can't be sold forever and the sellers will eventually get rekt.
From the previous 2017 bullrun we saw Xrp hit 0.0030 and so I believe Xrp won't go below 0.30 cents. Lowest possible before prices start moving back towards all time highs.
XRP multi-year retrace is over. $15 price targetI posted a video on XRP which goes into the detail. This is the weekly macro chart.
XRP has finally finished its multi-year retrace. All up from there.
I have a $15 price target based on a triangle thrust measurement in log scale.
Video link below
XRP multi-year retrace is over. $15 targetXRP has finally completed the wave 4 of a multi-year triangle. Now it will begin a massive impulse. I've always expected XRP to reach at least $10. I could see it spiking up to $20 or $25.
The target from the thrust measurement of the triangle (log scale) gives $15. So perhaps that will give you ideas. People who are giving targets in triple digits - they are crazy.
Do NOT hold this coin when the crypto market ends, because the bear market for XRP will be long and extensive.
XRP at a Crossroads.As of the latest data, XRP is trading at $0.4460, experiencing a 4.97% increase in the past 24 hours. Despite this, the weekly performance shows a decline of 5.31%. The trading volume in the last 24 hours is substantial at 760.385M, indicating significant market activity. With a market cap of $24.847B and a circulating supply of 55.723B XRP, the market shows signs of both volatility and potential opportunity.
Relative Strength Index (RSI): The RSI stands at 37.8782, indicating that XRP is approaching oversold conditions but not quite there yet. This suggests a potential rebound if the selling pressure eases.
Stochastic %K: At 33.3602, this oscillator confirms that XRP is in the lower range of its recent trading, again hinting at potential oversold conditions.
Commodity Channel Index (CCI): A value of -174.1943 signals a strong oversold condition, suggesting a possible correction or reversal in the near term.
Momentum: With a value of -0.0235, the momentum indicator is slightly positive, suggesting some underlying bullish sentiment despite recent declines.
Moving Averages Analysis
Short-Term Averages: Both the Exponential Moving Average (10) at $0.4577 and the Simple Moving Average (10) at $0.4624 indicate a bearish trend as the current price is below these levels.
Long-Term Averages: The Exponential Moving Average (200) at $0.5349 and the Simple Moving Average (200) at $0.5503 also indicate a bearish outlook, as the current price is significantly below these long-term averages.
The recent candlestick patterns indicate a bearish trend, with the latest candles showing lower highs and lower lows. The Ichimoku Cloud analysis reinforces this, with the price currently below the cloud, suggesting continued bearish pressure.
Key Levels and Pivot Points
Support Levels: S1 at $0.4439 and S2 at $0.4126 are crucial support levels. A break below these could accelerate the downward trend.
Resistance Levels: R1 at $0.5194 and R2 at $0.5636 are significant resistance levels. A move above these could indicate a bullish reversal.
Recent news indicates regulatory pressures and market uncertainties surrounding XRP. This external factor is likely contributing to the bearish sentiment and increased volatility.
Price Prediction and Trading Strategy
Given the current indicators, market conditions, and news impact, the short-term outlook for XRP remains bearish. Here is a speculative price prediction and trading strategy:
Price Prediction: XRP could potentially drop to the S2 support level at $0.4126 in the short term. However, if market conditions improve, a rebound towards the R1 resistance at $0.5194 is possible.
Trading Strategy:
Short Position: Consider shorting XRP if it breaks below the S1 level at $0.4439 with a target of $0.4126. Place a stop-loss at $0.4624 to manage risk.
Long Position: If XRP shows signs of reversal and moves above the $0.4624 level, consider entering a long position with a target of $0.5194. Place a stop-loss at $0.4439 to protect against downside risk.
XRP is at a critical juncture with significant bearish indicators and external pressures. Traders should exercise caution, use appropriate risk management strategies, and keep an eye on key support and resistance levels. The next few days could be pivotal for XRP, making it essential to stay informed and ready to act based on market movements.
XRP update in weekly chart Hello
I published my idea about XRP few weeks ago but now I just want to share another scenario that might be possible. Please always trade with you confirmations or you will be sadly surprised.
For now I guess we should just focus on these confirmation/Invalidation levels.
Thanks
What's the red line? XRPIt's not a secret that i hold a discrete bag of XRP. And i am holding it at least till a new all time high (this year?). Now, i want to show you what the red line. I added a volume profile for the whole chart of XRP, since the beginning. As you can see, the red line is where the price was traded the most (to simplify) and has generated the highest volume. Price is back again on this level (around 0.39) and majority of trades are long. This is, matematically, a strong, strong level. I expect that if something will happen, it's from there. And a flash dump, it's exactly need to generate a massive, flash pump.
Support me with a like and share my ideas, thanks
XRP Price Analysis: Support and Resistance LevelsXRP has recently experienced a significant decline, breaking below crucial support levels, notably $0.4240 and $0.4150. The price reached a low of $0.3826 before beginning a recovery wave. Despite this recovery, the price is still trading below the $0.4250 mark and the 100-hourly Simple Moving Average (SMA).
Key Levels to Watch
Support Levels:
Immediate support at $0.3900
Major support at $0.3850
Potential further support at $0.3620 if the price continues to decline
Resistance Levels:
Immediate resistance at $0.4050
Significant resistance at $0.4150 (aligned with the 50% Fibonacci retracement level and a key bearish trend line)
Additional resistance at $0.4220
Higher resistance at $0.4380 and $0.4450
Technical Indicators
Trend Line: A key bearish trend line is forming with resistance at $0.4150 on the hourly chart.
Fibonacci Retracement: The price faces resistance at the 50% Fib retracement level of the recent decline from $0.4467 to $0.3862.
Analysis
The XRP/USD pair is currently consolidating losses and may struggle to break above the $0.4150 resistance zone. The presence of a bearish trend line and the position of the 100-hourly SMA indicate a bearish sentiment in the market. The immediate recovery above $0.4050 may face strong resistance at $0.4150, beyond which $0.4220 acts as the next significant hurdle.
If the price fails to breach these resistance levels, it might witness another downward movement. Breaking below $0.3850 could lead to further declines, potentially targeting the $0.3620 support level.
Recommendation
Given the current market conditions and technical indicators, the following recommendations are made:
For Current Holders:
Monitor the $0.4050 and $0.4150 resistance levels closely. Consider reducing positions if the price fails to break above these levels and shows signs of further weakness.
Set stop-loss orders below the $0.3850 level to mitigate potential losses in case of a continued decline.
For Potential Investors:
Exercise caution and wait for a clear breakout above the $0.4150 resistance before considering new positions. A sustained move above this level could signal a potential recovery towards $0.4220 and higher.
Alternatively, look for buying opportunities if the price approaches the $0.3620 support level, provided there are signs of stabilization and reversal from that point.
For Short-Term Traders:
Consider shorting positions if the price struggles to break above $0.4150 with a target around $0.3850 and a stop-loss just above the trend line resistance.
Be prepared to switch to long positions if a clear breakout above $0.4150 occurs, targeting the $0.4220 and $0.4380 levels.
Conclusion
XRP. Will the old analysis work out again?!Last time I posted this analysis we made more than +1000% .
Lets see if the old analysis will do its work once again.
First buys can be placed at the TAP of the trendline just in case we don't go lower so we don't miss out on anything (playing smart)
Be smart ;)
XRPUSD - Still BullishI think XRPUSD will break out bullishly of this triangle drawn and form a large W pattern with the previous 3 dollar high
I want to see a rally like the one seen in 2017
Daily chart but better to view this as a longer term buy.
XRP Bullish Symmetrical Pattern Breakout: Potential Gains Ahead!XRP Ledger's native digital currency, XRP, operates on an open-source, permissionless, and distributed ledger that settles transactions in 3-5 seconds. It can be sent directly without needing an intermediary, making it a convenient instrument to bridge two currencies quickly and efficiently. Currently, there is significant potential seen in XRP, as it is forming a bullish symmetrical pattern over a long time frame.
This pattern emerged after the downtrend starting on December 25, 2017, which lasted until 2020. During the 2021 bull run, price movements were within this pattern. It is expected that in the 2025 bull run, XRP will break this pattern’s resistance, leading to substantial gains. This pattern is likely to be completed in 2024 or 2025.
XRP has a maximum circulating supply of 100 billion tokens, with approximately 55.69% of the supply currently circulating. The alt season is anticipated to begin around Q4 2024 or Q1 and Q4 2025, bringing substantial volume across the market. XRP has the potential to provide significant gains, with strong support currently at $0.4496, from where a substantial upward movement is expected. If this support level breaks, the next strong supports are at approximately $0.2474 and $0.22, where a bounce is likely.
As the alt season is approaching, we expect market volume to start increasing post-October 2024, leading to noticeable market momentum. It is crucial to exit the market around Q1 or Q4 2025, as the bull run and alt season are expected to end around this time, with prices potentially near these resistance levels.
Calculations indicate that XRP's bull run targets could reach a minimum of $11.56. If XRP flips the $11.56 resistance by Q1 2025, we might see maximum targets around $14.02. Prices tend to pump unexpectedly during alt seasons, and similar volatility can be expected again. However, it is important to keep trades active while observing resistance zones and to exit long positions around Q1 or Q4 2025.
For more analysis like this, follow us on TradingView to stay updated with our latest ideas. Share your thoughts in the comments, and let us know if you would like an analysis of any specific coin or project. We are here to provide you with detailed insights to help you make informed trading decisions.
$XRP - Looking like it wants to runThe regression channels on this one are very interesting from it's first run up, to it's second run up, to it's current state. It looks like it's maintained a fairly decent chart after it spiked and fell so hard. Now it consolidated itself into the bullish channel of it's downard regression channel.
Main signal for me is my fancy tradingview indicators showing a bullish reversal is happening even if for a temporary moment.
XRP Investment Strategy: Capitalizing on a Bullish TrendXRP is currently experiencing a bullish trend, trading above $0.4720 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line with support at $0.4760, indicating a potential upside break if it can surpass the $0.4840 resistance zone.
If successful, the price may target the $0.4880 and $0.5050 resistance levels, with further potential to reach $0.5120 and beyond. However, if XRP fails to clear the $0.4840 resistance, it might decline towards the $0.4765 and $0.4740 support levels, potentially falling to $0.4640 if these supports fail.
Given the current bullish trend and potential for upside movement, consider the following investment strategy:
Entry Point: Buy XRP if it closes above the $0.4840 resistance level, indicating a potential breakout and continuation of the bullish trend.
Short-Term Targets: Aim for profit-taking at $0.4880 and $0.5050, with a possibility to extend to $0.5120 and $0.5250 if bullish momentum continues.
Stop-Loss: Place a stop-loss order below the $0.4740 support level to mitigate risk in case of a downside break.
Monitoring: Keep an eye on the $0.4840 resistance level. If XRP fails to break this level and shows signs of weakness, consider a more cautious approach or partial exit to protect your investment.
This strategy balances the potential for gains with risk management, ensuring you can capitalize on the bullish trend while minimizing losses in case of a reversal.
XRP/USD Main trendMain trend. Logarithmic chart. Timeframe 1 month. Channel. Triangle.
This time frame to understand the direction of the trend and where the area to trade is now.
Found the chart with the longest trading history, which displays the main trend.
Coinmarketcap: XRP
Same parameters, but on a line chart.
XRP/USD Main trend (part) TriangleMain trend (part). Logarithmic chart. Timeframe 1 week. Triangle zone.
Coinmarketcap: XRP
Same parameters, but on a line chart.
The whole main trend. Timeframe 1 month.
XRP/USD Main trend
XRP to the underground or to the moon !what do you think about the XRP price chart? There were worst scenarios on Technical Analysis that happened on chart due to the manipulation of price by Ripple on Exact moments to hurt the Retails by some Twitter and Youtube influencers. In conclusion, I think price will have another correction to the $0.30 Zone, then the market structure identify the next move.
what is your ideas ?
good lock Retail Traders.
XrpUsd - Rally back to previous resistance (+100%)?BITSTAMP:XRPUSD is one of the most interesting cryptocurrencies for potential setups in the near future.
For a couple of years now, XrpUsd has been trading in a symmetrical triangle trading pattern. Always when XrpUsd retested support in the past, we simply saw a very nice rejection away towards the upside. And as we are speaking, XrpUsd is once again retesting such a confluence of support from which we could see a rally towards the upside. Target is the previous resistance of the triangle pattern.
Levels to watch: $0.491, $0.911
Keep your long term vision,
Philip - BasicTrading
XRP CrabXRP crab harmonic pattern to the 0.62 range, just the beginning of a very bullish next few months for xrp
Ripple Potential DownsidesHey Traders, in today's trading session we are monitoring XRPUSDT for a selling opportunity around 0.47300 zone, Ripple is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.47300 support and resistance area.
Trade safe, Joe.
