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XRPUSD Perpetual Contract

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XRPUSD.P trade ideas

XRP Price Likely to Fall Again: Understanding The Key DriversXRP's price has been falling continuously below the $0.480 level, similar to what happened with Bitcoin and Ethereum, dropping below $0.4650 down to $0.4620. The price formed a low at $0.4619 before it recently began to recover. The price saw a noticeable upward movement above the $0.4700 and $0.4720 resistance levels, even surpassing the halfway mark of the Fibonacci retracement for the recent downward wave from $0.4885 to $0.4620. However, sellers are still active around the $0.4780 area, defending the 61.8% Fibonacci retracement level of the same downward wave. There are also significant downtrend lines forming with resistance at $0.4770 on the hourly chart for the XRP/USD pair. Currently, XRP is trading below $0.4800 and also below the 100-hour simple moving average. From the upside, the price faces resistance near $0.4770, with the first major resistance near $0.4800. If the price successfully surpasses the $0.4800 resistance, it may head towards the $0.4885 resistance. The next significant resistance is at $0.5050, and a close above this area could push the price higher. The following main resistance is at $0.5250, and any additional gains might direct the price towards $0.5500. On the other hand, if XRP fails to overcome the $0.4800 resistance area, it could start recording more declines. The initial support on the downside is at $0.4685, and the next significant support is at $0.4620. If there is a downward break and close below $0.4620, the price might gain bearish momentum. In this case, the price could trade even below the $0.450 support in the near future. Recommendation... Sell or Buy? Based on the data and XRP price movements and current resistance and support levels, the market seems headed towards more short-term selling pressure for several reasons. One is that XRP faces solid resistance at $0.4800, and its repeated failure to exceed this level indicates weak upward momentum. Another reason is that XRP trading below the 100-hour moving average suggests a short-term downward trend. Therefore, if XRP fails to break the resistance level and starts to decline, this might increase the selling pressure, making selling a reasonable option to reduce losses or avoid larger drops. However, it's beneficial to monitor the market for some time to see if XRP can break the resistance and confirm an upward trend before making a decision. Remember, managing risks and setting acceptable loss limits is crucial in cryptocurrency trading due to its high volatility.
BITSTAMP:XRPUSD
by bbitar
XRPUSD Is it dead or ready to rise parabolically?The XRP (XRPUSD) has been closing below both its 1W MA50 (blue trend-line) and the 1W MA200 (orange trend-line) since the week of April 08. At the same time it is testing the bottom (Higher Lows trend-line) of the Triangle structure that started on the January 01 2018 All Time High (ATH). In relative terms, it appears to be similar to the Triangle that started after the December 02 2013 High and broke-out to the upside on March 20 2017. Its 1W RSI is at 40.00, low enough historically to be considered a long-term buy opportunity. Technically, the next time it breaks above the 1W MA200, it has higher probabilities of initiating the parabolic rise towards this Cycle's Top. If not, we're afraid that the XRP army will need a need narrative to hang on to, as the long-term pattern would have failed them. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BITSTAMP:XRPUSD
by TradingShot
10
Bearish drop?XRP/USD has just reacted off the resistance level which is an overlap resistance that lines up with the 61.8% Fibonacci retracement and could drop to our take profit. Entry: 0.4759 Why we like it: There is an overlap resistance level which aligns with the 61.8% Fibonacci retracement. Stop loss: 0.4859 Why we like it: There is a pullback resistance level. Take profit: 0.4637 Why we like it: There is a pullback support level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:XRPUSDShort
by VantageMarkets
1
xrpusdt still bearish The XRPUSDT chart continues to exhibit a bearish trend as we approach the monthly candle close with six days remaining. Currently trading near the $0.41-$0.43 zone, a close below this critical support level could signal further downside movement. If the price fails to hold above this threshold, the next significant support lies around $0.29. In such uncertain market conditions, it is crucial to remain patient and observe the market dynamics rather than letting emotions drive decisions. Avoiding the "moonboy" mentality, we must rely on technical analysis and be prepared for potential further declines.
BITFINEX:XRPUSDShort
by Bongy-ggs
XRP About to See a Big IncreaseAmid the recent developments in the cryptocurrency market, hopes are rising for a bright future for the XRP. With prices increasing and growing interest in cryptocurrencies, it is important to consider the factors that could lead to a rise in XRP’s value and how investors can take advantage of this opportunity. Since reaching its peak of $3.40 in 2017, XRP has experienced significant price fluctuations, ranging from $0.14 to $1.90. Over the past 6 years, XRP has been trading within a descending channel, with strong resistance at $1.90 and strong support at $0.14. This narrow channel indicates increasing pressures that could lead to a major price breakout. I expect the price of XRP to rise and reach $3.40, representing a 608.33% increase. This potential increase may seems strange at first glance, but there is a logical basis for this expectation. Looking at history, we find that a similar price cycle occurred between 2013 and 2017. During that period, the price of XRP experienced a significant rise after a long period of trading within narrow ranges. Based on this historical precedent, it is reasonable to expect a similar explosive move in the near future. Relying on historical patterns does not necessarily mean repeating events exactly, but it gives us an idea of the potential possibilities in the market based on past price behaviors. Therefore, it is logical to expect a significant increase in XRP’s price if similar conditions to those seen in the previous price cycle are repeated. In conclusion, XRP could represent an attractive investment opportunity for those who want to take advantage of potential upward trends in the cryptocurrency market. With positive expectations based on technical analysis, this could be a good time to consider enhancing investment positions in XRP.
BITSTAMP:XRPUSD
by bbitar
Technical Analysis of XRP: Upside Potential and Downside RisksCurrent data indicates that the XRP price is struggling to start a steady rise above the $0.50 level. The price needs to settle above $0.50 and $0.510 to gain upward momentum in the near term. The XRP price has started a slight upward move from the $0.4765 area. It is now trading above $0.4850 and the 100-hour Simple Moving Average. There is a short-term rising channel forming with resistance at $0.500. Losses extended below $0.50 before buyers emerged, as the price tested the $0.4765 level and recently started a recovery wave. The price faces obstacles near the $0.4980 and $0.50 levels. The main resistance coincides with the 61.8% Fibonacci retracement level of the recent decline from $0.5105 to $0.4765. If the resistance at $0.50 is surpassed, the price could move towards the $0.510 level. The next resistance is near $0.520. Closing above the $0.520 resistance zone might push the price to the $0.5320 level, and if this level is exceeded, there could be a steady rise towards the $0.550 resistance. Any further gains might drive the price towards the $0.5650 resistance. If the price fails to overcome the resistance area at $0.50, it may start to decline again. The initial support on the downside is near the $0.490 level and the channel area. The next main support is at $0.4840. If there is a breakdown and a close below the $0.4840 level, the price may gain bearish momentum, in which case, it could trade below the recent low at $0.4765 in the near term. We recommend closely monitoring the resistance levels at $0.50 and $0.510. If the price manages to surpass these levels, there might be a buying opportunity targeting the $0.520 and $0.5320 levels. On the other hand, if the resistance is not exceeded and the price fails to stay above critical support levels, it might be better to avoid buying until a clear rebound point is confirmed. It is also crucial to follow news and events that could affect the market in general and the XRP price in particular.
BITSTAMP:XRPUSD
by bbitar
Bearish drop?XRP/USD is reacting off the resistance level which is a pullback resistance and could reverse from this level to our take profit. Entry: 0.4939 Why we like it: There is a pullback resistance level of 61.8% Fibonacci retracement. Stop loss: 0.5034 Why we like it: There is a pullback resistance level. Take profit: 0.4769 Why we like it: There is a pullback support level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:XRPUSDShort
by VantageMarkets
1
Unveiling the Falling Wedge: XRP Short-Term Boon Unveiling the Falling Wedge: A Short-Term Boon on the 4-Hour Chart In the fast-paced world of day trading, identifying short-term opportunities is crucial. The falling wedge, a technical chart pattern, emerges as a valuable tool for traders seeking to capitalize on price movements within a specific timeframe. This article dives deep into the falling wedge, exploring its characteristics, how to identify it on a 4-hour chart, and strategies to leverage it for short-term gain. Understanding the Falling Wedge The falling wedge, as the name suggests, is a bullish reversal pattern. It's formed by two converging trendlines, with price action creating lower highs and lower lows, but at a decreasing rate. Imagine a wedge shape being squeezed from top to bottom, with the narrowing gap hinting at a potential price reversal to the upside. This pattern signifies a period of consolidation where bears (sellers) are gradually losing momentum. While the price continues to fall, the decreasing distance between the trendlines indicates diminishing selling pressure. Bulls (buyers) start to accumulate, anticipating a potential breakout and price increase. Identifying the Falling Wedge on a 4-Hour Chart The 4-hour timeframe offers a sweet spot for day traders, providing a balance between short-term volatility and clear trend direction. Here's how to identify a falling wedge on your 4-hour chart: 1. Trendline Construction: Draw two trendlines, one connecting the swing highs (peaks) and another connecting the swing lows (valleys). Ensure both lines are sloping downwards, forming the wedge shape. 2. Convergence: Observe how the trendlines converge as the price action progresses. The closer the trendlines get, the more likely a breakout becomes. 3. Volume Confirmation: While not a definitive indicator, an increase in trading volume accompanying the price move towards the wedge's apex (point of convergence) can strengthen the breakout signal. Key Points to Remember: • The duration of the wedge formation doesn't have a set timeframe, but longer wedges tend to have stronger breakout potential. • The tightness of the wedge (how close the trendlines are) also influences the potential force of the breakout. Tighter wedges generally suggest a more explosive move. • False breakouts can occur, where the price pierces the lower trendline only to fall back within the wedge. Proper risk management is crucial in such situations. Strategies for Short-Term Gain Once you've identified a valid falling wedge on your 4-hour chart, here are some strategies to exploit the potential short-term gain: 1. Breakout Entry: Enter a long position (buying) once the price decisively breaks above the upper trendline. This breakout signifies a reversal in bearish momentum and a potential price increase. 2. Price Target: Set your initial profit target at a level equal to the height of the wedge. Measure this distance from the breakout point and project it upwards. 3. Stop-Loss Placement: Place your stop-loss order below the lower trendline of the wedge. This limits potential losses if the price falls and breaks the support level. 4. Trailing Stop-Loss: Consider employing a trailing stop-loss as the price moves in your favor. This adjusts your stop-loss automatically, locking in profits while allowing for some price fluctuations. Additional Considerations for Success While the falling wedge offers a promising setup for short-term gains, remember that successful trading requires a holistic approach. Here are some additional factors to consider: • Market Context: Analyze the overall market sentiment and any relevant news events that might influence the price action. • Technical Indicators: Combine the falling wedge with other technical indicators like Relative Strength Index (RSI) or Moving Average Convergence Divergence (MACD) to confirm the breakout signal. • Risk Management: Always prioritize risk management by using appropriate stop-loss orders and position sizing. Understanding the falling wedge and the strategies discussed empowers you to identify potential short-term trading opportunities on the 4-hour chart. Remember, consistent practice, a balanced approach, and proper risk management are key ingredients for success in navigating the ever-evolving world of day trading.
BITSTAMP:XRPUSDLong
by bryandowningqln
XRP is up to somethingXRP is holding stronger than most alts and is still consolidating between .5 - .45 range. It broke down from the wedge on the lower timeframes but is lacking power for a full breakdown. I'm seeing strong odds for a sudden unexpected up move. If it fails, it should proceed down to lower levels. XRPBTC is showing high bottom potential XRP.D is showing high bottom potential XRPUSD is showing a 5 year long pattern support But be warned, XRP is going to have massive movements up in the next few weeks/months. I'm fully convinced of this, even if we break down to wick a ridiculous low. Do not get fooled by XRP, it's going super bull soon. If we go up, the first target should be around $1.1
BITSTAMP:XRPUSDLong
by Gojira-san
3
Contrarian Investing: Profiting from the Crowd's Blind Spots In the ever-evolving cryptocurrency market, Bitcoin (BTC) and Ethereum (ETH) often dominate headlines and investment portfolios. However, savvy investors know that the best opportunities often lie where others aren't looking. In this post, we delve into the broader market trends and highlight some under-the-radar cryptocurrencies that could offer significant potential. A well-established strategy in the investment world is known as contrarian investing, which involves going against the prevailing market trends and investing in assets that are ignored or undervalued by the majority. Studies indicate that most investors often act emotionally, leading to overreactions to market movements. When the crowd panics and sells or becomes overly optimistic and buys, significant mispricings can occur, presenting opportunities for savvy investors. By investing in assets that are currently out of favor, one can potentially benefit from their eventual discovery and revaluation. This strategy requires patience, thorough market analysis, and strong risk management, as it often takes time for the market to recognize the true value of these investments. Historically, contrarian investors like Warren Buffett have demonstrated that long-term success is achievable by finding value in overlooked areas. **Satire** NFA i dont like xrp
BITSTAMP:XRPUSDLong
by BigBangTheory
1
DUMP These LOSER ALTCOINS (•_•)This post is not aimed at meme coins but instead at projects that were once titans in the crypto space, or coins that just didn't live up to their fundamental promise. I'm not saying you can't win with these coins, you can obviously win with any coin if you swing trade when there's volume. This post is more aimed at bag holding - and the future prospects of your investment. 1) HBAR Unfortunately, HBAR had a great idea but didn't succeed in securing market dominance. The other factor to consider here is that HBAR was never created to be a speculative coin, but instead to be used on the native blockchain in software solutions. Similar to XRP, this makes me wonder if the team just used the asset for liquidity to finance business projects. 2) XRP Ahh, Cripple. Love to hate it. This one needs no introduction. Foul play and forever unable to reclaim it's status as a trust-worthy asset. 3) LTC I've been bullish on Litecoin for a long time... perhaps too long. Made some profits on it, but I'm afraid the higher TP points aren't looking reachable any time soon. Similar to CRV, it's healthy to know when to jump a sinking ship. Both have evolved way past their original form and there is just no use case that could justify new ATH prices. 4) ADA I've said it before, and I'll say it again - I don't have faith in altcoins (NOT TALKING ABOUT MEME COINS) that lose more than 85% of their ATH. I'm more specifically referring to the titans/giants. Rugs these days could do -99% in a day - that's not what I'm looking at here. These were projects that boasted loud about their fundamental usecase and set ridiculous targets for itself. (Remember how Chris Larsen said XRP CAN'T be under $1?) Welp, he's not the only one that oversold his coin and took the market for a fool. 5) ALGO I'm divided on this one. Perhaps if you give it your best shot, you may still change my mind. But the chart looks terrible - nowhere near previous ATH and shows no sign of getting there any time soon, either. You can really see how these coins got left behind if you compare them with Bitcoin. Overlay any of these with the BTC chart, and you get something similar to this: Again, you could swing trade these - but bag holding and hoping for better days are counterintuitive to the fast-moving pace of cryptotrading. Make sure you follow to receive the latest updates! ______________________________ BINANCE:HBARUSDT BINANCE:XRPUSDT COINBASE:LTCUSD BINANCE:ADAUSDT COINBASE:ALGOUSD
BINANCE:XRPUSDShort
by CryptoCheck-
13
✴️ XRP | Zoom In (Mixes Signals)Hello my dear friend, it's been a few days since we last talked/shared and I am so very happy to be back with you today. I will do a more comprehensive analysis soon on XRPUSDT but first, let's focus on a close up of the chart. This is XRPUSD on the daily time-interval. I want to call to your attention recent price action; the last month and a half, since 13-April. ➖ Notice that trading volume continues to be low. ➖ I marked three candles/sessions on the chart with a down-red emoji. See how all these are bullish rejections; meaning, that the bears cancelled a bullish move. ➖ Notice the current session as a Shooting Star candlestick or Doji, still, strongly bearish. (This signal is confirmed only when the session closes. If the session closes much higher than the current price, this signal can be invalidated.) But, since short-term noise can be deceiving, we will have a fresh look at the weekly time-interval. Here we have some mixed signals. The bounce is on-going after mid-April but at the same time the main move is the drop that ended in the 13-April low. XRPUSD needs to move above 0.60 on the daily for this bearish chart structure to break but right now it continues aiming lower so we can step out, sit out and wait. Again... Follow my profile for the weekly update and we will both see what the chart has to say. I haven't seen it in a while but I can tell it will be the same. Namaste.
BITSTAMP:XRPUSDShort
by AlanSantana