The end is (hopefully) in sightthe multi year wedge is tightening and the common breakout point aligns roughly with the deadline for settlement talks ordered by the Judge. Well see what happens, big things are coming and I remain hopeful.
XRPUSD.P trade ideas
Advanced ElliottwaveAre you holding Xrp since the times of Jesus christ? Great, you must have huge back and shoulder muscles...
We are approaching the final stages of the sideways action before this thing decides to melt faces.
They underestimated the sleeping dragon for a long time.
Yellow, indicates that we are good to go.
Red. bit more pain.
Yes, it pumps last but. . . XRPYou know, XRP is the last crypto that pumps and usually, it pumps when BTC is near the tops and want to drop. This time it will not be different, XRP will pump last and fast as always, with the only difference that this time i want (and you also) a new ATH and maybe, for the first time from the beginning of the legal case, it's possible. Actually it's approaching multi year trendline and it's trying to broke out from multi year resistance.
Can Ripple Join The Other Crypto Boomers?Looking at XRPUSD on our daily chart, we can see that Ripple is barely moving higher, despite the recent crypto-mania. Major cryptos such as Bitcoin and Ethereum have accelerated rapidly to the upside at the end of February. This is something that Ripple is struggling to achieve. Most likely the demand for this crypto has faded away due to the ongoing lawsuits, which the SEC has against this tech company.
That said, from the technical perspective, recently, the rate had popped above a medium-term downside resistance line drawn from the highest point of July 2023. At the time of writing, the crypto continues to balance above that trendline, however, in order to get comfortable with further advances, we would have to see XRPUSD remaining above that downside line.
If that happens, we will then aim for higher areas, such as the 0.6241 hurdle, marked by the high of January 11th. If that hurdle is not able to withstand the bulls, its break may clear the way to the 0.6582 obstacle, or even the psychological 0.7000 zone, marked by the highest point of December 2023.
Alternatively, a break of a short-term tentative upside support line taken from the low of January 31st, may attract more sellers into the game. XRP/USD could then travel to the 0.5182 hurdle, marked by the current lowest point of this week. If that hurdle doesn't stop the fall, the next possible target might be the current lowest point of this year, at 0.4815, or even the 0.46000 level.
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One final draw down possibility!As you can see from my accurate predictions drawn up since September 29th, we have one last chance of a big dip coming. This will end my predictions for this period.. and I expect a push to all time highs by mid-April.
May be one last chance to buy Xrp at under 55 cents... and ultimately last final calls for under $1 USD!!
Expect a pull back in a few days to 5 days time.
Just Some XLM - XRP - BTC Analysis...This video isn't about trading ideas, but rather about my current thoughts on these cryptocurrencies.
Right now, I'm leaning towards shorting XRP rather than XLM given the current setup. Bitcoin has experienced a significant rally, but I believe its potential is limited. We haven't fully emerged from the long-term correction that began in 2017 yet.
When that time comes, we can execute trades and witness substantial growth in our trading accounts.
For the moment, I anticipate a continuation of corrective patterns until we reach that pivotal moment where we'll be gearing up to invest heavily and start dreaming of that Lambo.
XRP Weekly | Bad News But Important ReadI decided to look at the bigger picture thinking that XRP might not perform as strong a correction as Bitcoin, Solana, Ethereum and the rest since it already corrected for six months... I was wrong.
The first thing is a major up-trendline on the chart based on candle close.
This trendline has been supporting XRPUSD since 2020 and a break below it would spell doom and this is what is most likely to happen.
Of course, I am going to give the chart signals as well with my perspective/interpretation.
The worst part for us bulls is the rejection as XRPUSD tried to stay above EMA10, EMA21 and EMA50 on a weekly basis.
Just last week all these three levels converged and XRP moved above but this week we have a rejection.
A rejection in this type of situation is a failed signal and a failed signal is twice as strong than a normal signal.
👉 We are looking at a 35% drop but it can get worse.
Prepare accordingly.
Do the best you can to protect your capital.
Almost everything will be going down.
Only the ALTSBTC (some of them) are safe.
Namaste.
🔥 XRP'S WILD RUN UP AND BITCOIN'S HALVING 🔥🔥 Hi! Been a while and all but this month hasn't exactly been what I was expecting I'll admit. Been at work just about every single day this month and between that and being sick the past week I haven't been in the best state so big thanks to those of you that are here with me today. Means a lot and it feels good to be able to post again!
🔥 Gonna do my best to keep things short and simple here. It's been a pretty wild month overall with XRP's climb up to 0.57 in which we almost saw 0.58 before moving back down after getting two touches at the horizontal level which I've highlighted with that black line. One of the main reasons we had that drop and fall back down after the 20th would likely be thanks to an Elliot Impulse Wave pattern which showed up.
🔥 I spotted a possibly Elliot Wave pattern on the 21st however was unable to post since I had to run back to work but here's the chart for that below as reference:
🔥 Also yes, I know that in Elliot wave patterns it's the third leg that is suppose to be the longest. I may have misplaced or read the chart a bit wrong but the idea still stands, I was in a rush and I had to jot down what I could. And whether or not the chart was perfectly accurate or not doesn't matter. We did in fact get that reversal and fall down to 0.53 in the days after so the pattern proved true and accurate.
🔥 With that said and done, what we've experienced over the last week or so is more than likely thanks to Bitcoin's halving prospect as things amp up. Yesterday alone Bitcoin hit that $60,000 mark. A number which many people doubted would ever happen again and yet surprise surprise, it very much did and with a pace like none could expect. With that having happened you can bet a lot of the crypto market followed en route pulling some serious gains such as Ethereum hitting $3,300 and XRP hitting 0.60 cents.
🔥 Personally, I see most of these gains driven thanks to Bitcoin which would only make sense, there hasn't been any significant news on XRP or some of the other cryptocurrencies which have seen gains over the past few days so my thoughts are that it's Bitcoin driving these right now which isn't too bad either. At least not in my mind.
🔥 Definitely gonna give things a few days and see how the market reacts as we'll have to see if Bitcoin can hold above $60,000. That's the most important thing right now to watch for, any other crypto is more than likely going to be influenced by that so keep your eyes peeked for any news or that $60,000 number. It's a strong number that's gonna be looked at closely for traders and big firms alike.
🔥 Said I'd keep this idea short and I will. That's it for now but thanks for tuning in as always, sorry it's been so long again, just haven't really had any time to catch my breath this month let alone post so thanks for bearing with me. Really appreciate it. All the best till next!
~ Rock '
Revisit of the 74 cent mark by mid JuneI will be looking for a structure like illustrated and trade accordingly while remaining flexible should the case be invalidated
XRPUSD, Crypto GEM is About to Form a Huge Bullish Breakout.Hello There!
Welcome to my new analysis of XRP from the daily timeframe perspective. XRP recently caught my attention because it is forming a hugely bullishly inclined formation that has the potential to convert into a massive bullish breakout once the formation has been finalized. Especially as the XRP number is growing further and XRP is becoming more and more popular this is a bullish sign adding to the current scenario.
When looking at my chart now XRP is forming a highly important formation here which in almost all of the cases is a sure indication of a major bullish breakout to follow through. This formation is called a bullish descending wedge formation and such a formation is completed once the wave count from A to C has completed with the final wave C and the bounce in the lower boundaries.
Currently, XRP is already approaching the main structure support levels from where a major bounce is likely to follow through within the next times as it is marked within my chart. Once XRP has done so the final bounce above the upper boundary of the descending wedge is going to mark the fundamental origin of a huge bullish expansion wave to follow up into the upper directions.
Once the whole bullish descending wedge formation has been finalized this will activate the minimum target zones seen within my chart in the upper boundaries of the primary bullish channel formation. Once the final target zones have been reached and the bullish volume and momentum hold on XRP will easily move above these levels and accelerate the trend dynamic.
Thank you everybody for watching my idea about XRP! Support is greatly appreciated.
VP
This Is The Crucial Formation Which Will Determine XRPs Outcome!Hello, Traders Investors And Community, welcome to this analysis about recent events, the current price-action and the huge massive formation ripple is developing which will show the outcome within a highly possible likelihood as a volatile market-move because this is the property that formation inheriting. As already mentioned in past analysis the cryptocurrency-space is sending a lot of differential signals in the individual currencies, while some look more bullish like ethereum there are some which looking more bearish than bullish like ethereum or bitcoin cash. This not only the factor of the sorting out in the inflationary market with over 1000 currencies similar to those mechanisms seen in the millennial stock-market crash in 2000 but also has technical issues, therefore we are looking at the daily perspective.
As you can examine in my chart ripple is moving above an important support zone which is the level between 0.174 and 0.177 where it is consolidating now since more than 80 days which is unnatural in the cryptocurrency-space and such a long consolidation period will show a volatile breakout with increase pace the longer it is staying in such a period. What I also contemplated is the huge head and shoulder formation ripple is trading in and that will show the outcome with the activated target after it has confirmed. Right now this formation is still unconfirmed but it will happen when we either confirm the support and move higher above the 0.2 level or fall below the neckline which will cause bearish pressure to the downside.
For now, this is a long-lasting consolidation and the volume was also the whole time at the same value, in this case, both scenarios are possible and can happen right now because of this the wisest thing in such an environment is to wait until the proper scenario has confirmed and placed the trade in the right direction otherwise it can lead to a bad trade in ripple and this should not happen for traders who want to make consistent profit in the market. Therefore ripple is definitely a coin to wait on the sideline for confirmation to enter, there are however other coins like ethereum which providing more clearer signals at the moment, these currencies should traders focus the attention on, it is similar to the stock-market which I already mentioned where stocks profiting out of the crisis and others showing bearish signs, we see such mechanisms showing up also more in crypto now with an expanding tempo.
In this manner, thank you for watching support for more market insight and all the best!
Astonishing claims require astonishing evidence in order to succeed in destiny.
Information provided is only educational and should not be used to take action in the markets.
XRP, Possible Wedge Detected, Continuation After Confirmation!Hello, Traders Investors And Community, welcome to this analysis about the recent events, the current price-formation and what we can expect from ripple the next hours and days. As already mentioned in past analysis ripple was on the verge to a bullish breakout where it confirmed above the major falling support-line which coordinated the downtrend and is now consolidating within its channel on the local timeframes. Recently I detected some more interesting and important signs which making the bullish breakout and continuation scenario besides the head and shoulder scenario which I already mentioned more possible therefore we are looking at the locally 4-hour timeframe.
As you can examine in my chart now ripple bounced at the important support we have between 0.171 and 0.179 a third time in a row with a long and big wick in its candle, that is normally a bullish sign when it bounces from a certain level like we have seen it in these cases. The lows in that level also build the lower boundary that you see marked in blue of the overall big broadening wedge we are currently forming. As the price has bounced a third time at the major support line we can expect it to move some higher similar like we have done it already in the past bounces. When this happens we can target the upper boundary of the broadening wedge at 0.221 where the price already bounced two times and one time remaining.
After we got the remaining uptrend to the upper boundary comes the critical part in which the broadening wedge formation has to be confirmed properly to have it fully validated, this scenario happens when we bounce at the support we have in the range between 0.2 and 0.21 which you can see marked in blue at the level, a fall below this price-level and even lower can validate the broadening wedge so the level between 0.2 and 0.21 is important to hold. When the bounce happens we can expect ripple to test the upper boundary of the wedge a fourth time therefore when we test it successfully and ripple manages to climb above this can confirm the wedge, remember that this has to play out with good volatility otherwise we can still fall back into the range.
When the scenario plays out like expected and it should be technical there are two main resistance levels which need to be taken out to sustain further bullish with ripple in this scenario, firstly it is the 0.222 level and secondly, the 0.235 level after these have been taken out it is within the high likelihood spectrum that ripple provides a new higher high to us as you can see marked in my chart. At the moment the whole cryptocurrency market is in a lowe volatility range and is sending mixed signals, in some coins we can possibly still break down or to the upside, in such situations we need to keep patient and don't fall for the illogical speculative trap we see to often these times this means to be prepared for possible trend changes when they happen.
In this manner, thank you for watching, support for more market insight have a good day, and all the best!
Information provided is only educational and should not be used to take action in the markets.
Candle Cup n Handle58 is the real neckline, no break, no coffee that simple, Traderstef would be offended I was doing cup n handl with a line chart
XRP finally BO!XRP finally breakout above 200MAs , and also $0.580.
seeing 0.565-0.58 as support zone.
MACD sloping up, with bull momentum.
next resistance at 0.72?
DYODD.
What will happen with XRP?Will be watching with curiosity. It's been dormant for a long time
thenewscrypto.com
Xrp appears t be breaking up from a 4hr timeframe invh&sAs always with any timeframes under the 1day, the reliability of chart patterns playing out starts to reduce the smaller and smaller the time frame you go to but the 4hr does seem to validate its fair share of chart patterns often enough to take this 4hr inverse head and shoulders serious. If it can reach it’s full target it will climb to 59 cents here Ithink the next few days to a week or two, however we can see the pump is currently running into some long standing resistance that it may take quite a few retests on before it can break through those and head to the full target. The good news is, in reaching the full 59 cent target by breaking above the current resistance, we will likely also trigger/validate the breakout of a much bigger higher time frame chart pattern or 2 that should hopefully create a domino effect and send price soaring in the near future. *not financial advice*
XRP - Ready for breakout?Hi, this is my new update for XRP. Finally XRP is moving higher.
Right now XRP has a big resistance around 0.59 - 0.60 and at the same time we have also down trendline.
The good news is that we held the uptrend very well in the last 6 months and the price is getting very tight between the up trendline and down trendine. Since the market is very bullish now I expect that we are going to break the trendline and move much higher.
Once we break the resistance 0.60 the next stop is 0.71.
As long as we close daily candle above the 100 & 200 SMA things are very bullish for the next couple of weeks, so be patient good things take time.
If 2017 repeats a target of 589 is in the cards on monthlyIf the pattern plays out a target of 589 is in the cards from a technical perspective. Disregarding fundamentals.
XRP at 58.9 cents USD by mid march replicating previous pattern.Played around with replicating an earlier trend and it interacted well with previously drawn trend lines you may recognise from previous works.
better view of 2024-2025. I still believe we get more action from XRP this year with a large bull run EOY. Giving a better look at wave counts.
Ignoring all bearish cases: Bullish target of USD 75 cents I hope to see a similar structure forming on the 4h soon.
