Ripple XRP Huge BULL FLAG formation? XRP ALERT!Not my typical trade setup but when they are as obvious as this one has to take note.❗️
With such a strong rally over the past 24hrs or so you would be forgiven for expecting XRP to take a breather and have some sort or retracement but two things I always teach is:
🟢 Every strong trend starts with a breakout and
🟢 An asset can retrace in TIME rather than in PRICE, more commonly viewed as a consolidation on the chart.
If you plan on taking on this setup remember to consider entry on a lower timeframe to manage risk and reduce the stop level if you use one.
I know alot of you younger guys refuse to use stops "YOLO" you say BUT like I say "you can't trade without CAPITAL" so always manage your risk.👌
XRPUSD.P trade ideas
XRP - Textbook?Symmetrical Triangle on the (D). I believe it is to breakout soon more so on the fundamentals but when the technicals align as well, hooo baby that’s a set up I like. Let’s see if it plays out
like this tho. I’ve been in XRP since 2020 after God had led me to do my DD and invest. I always looked at XRP as a long term investment, but I recently just opened a small position just for fun and to take advantage on the way up. Lmk what you think. Thanks.
STRONG BREAKOUT - CONTINUATION IMPULSE?As illustrated, we see a strong bullish 1D candle break-out of the bullish pattern (consolidation phase), which could indicate the start of the continuation impulse to the upside to re-test previous highs and potentially breaking to create ATHs.
Target area:
AB = CD:
It is calculated based on the measurement of the first bullish impulse; meaning it should be the same distance.
That being said, the price target would be the $4.300 - $4.500 range.
Fundamentals:
A lot of expectation with Trump's take over and his plans for the crypto industry. As the date comes closer ( 20th of JAN ), there could be a hype into the general market; specially XRP since (apparently) there's talks about RLUSD replacing USDT + serving as a governmental stable coin which the US could start using.
Another key event would be the potential BTC reserve that Trump might decide to create. This would increase demand of BTC tremendously, causing a chain reaction effect in most alt coins. It only makes sense to do this with how fast the industry is expanding and growing.
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GOOD LUCK.
XRP ShortThe last two shorts I've taken on this coin have given me profit to walk away with before stopping me from taking the bigger swing I am looking for. I am happy to keep shorting until my target is met. This coin may have a future, but not right now IMO.
In short, I haven't lost yet.
This is just chop. Dubai isn't sending this to the moon and more adoption pumps are coming on the way down
I will stick to my narrative until the market says otherwise
Stay safe in this bear market and enjoy it. We won't get one like this for a very long time, if ever.
PS. Leave your immaturity to yourself, you won't get a response from me just because you don't agree or you're upset that I'm speaking the truth and won't be invested like you want to so I can lose along with 90% of the market.
XRP (Ripple): Defining the Next Wave🔥 FinCaesar’s Commands:
🩸 Resistance: $2.35. A breakout will ignite momentum toward $2.50, with a potential surge to $2.80.
🩸 Support: $2.15. A breakdown at this level opens the door to $1.80 and further declines to $1.55 if weakness persists.
🔥 FinCaesar’s Strategy:
🩸 Buy: Above $2.35, with targets at $2.50 and $2.80, riding the bullish wave.
🩸 Sell: Below $2.15, aiming for $1.80 and possibly $1.55 to capitalize on downward pressure.
👑 "The throne is reserved for those who act boldly and decisively." — FinCaesar
Will XRP Ever see sub $2 again? My thoughts inside.Will XRP Ever see sub $2 again❔️
Here is my current thoughts.🤔
📈 As we enter a new year and the close of a number of higher time frame candles it's easier to take a step back and look at the bigger picture.📉
There is no rush to act now.
One GOLD phrase I use a lot when trading is
🌟"Hurry Up & Wait"🌟 👌
Regarding XRP right now.
I do not know and it is ok to say so belive it or not.👍
It's easy to assume that after nearly 25 years of trading I should always have a trade on or know where the next one is. For me anyway that is not the case and for many other very successful traders I know that stands for them too.✅️
🟢 On the current 60min chart the 8 hour leg up that just took out my key high noted in my earlier chart yesterday will tell me where I want to be depending on the next leg, be it either the continuation or retracement/reversal created in the next 8 hours will give me a better picture.
ℹ️ However whilst price remains above 2.10 USD I do not want to take the short side of XRP.
XRP Price Prediction: Breakout Above $2.25 or Further Downside?The XRP/USDT chart is displaying a descending channel following its impressive rally. The price action is consolidating, respecting both the upper and lower boundaries of the channel.
The support zone around $1.89 to $1.98, as previously highlighted, remains intact.
DYOR, NFA
XRP 5.3R LongThere is a very clear resistance level that has seen multiple attempts to break through now.
I see there being a good chance the market is about to break through but I don’t see any strong moves happening until tomorrow as the stock markets are closed today.
This could mean we see a relatively weak break above and then retest before pushing higher. So another good trading opportunity could be to wait for a break and retest of this zone.
I say 40% chance this trade is successful.
There is a fair chance the market backfills the imbalance lower down first and this would be another opportunity to enter.
XRP SELL Idea
heyy guys XRP could be a good sell right now as we head into the new year for a few reasons if we get any additional confluences we can enter for a sell. First, with the recent legal progress Ripple has made, there's a sense of optimism in the market which could drive prices up temporarily. Additionally as the year starts investors may look to cash in on any recent gains or adjust their portfolios creating selling pressure. Plus, market sentiment often shifts around the new year
XRP - Daily - Cautious Today, but Bullish Long-Term"Click Here🖱️ and scroll down👇 for the technicals, and more behind this trade!!!
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📈Technical/Fundamental/Target Standpoint⬅️
1.) Significant Gains and Potential Consolidation:
- Past Performance: Investors who bought XRP at $0.50 have experienced substantial gains, potentially exceeding 400%.
- Current Market Dynamics: The current price action appears to be consolidating, suggesting a potential period of sideways movement before a significant trend emerges.
- Price Targets: Reaching price targets like $5 or $0.90 in the near term may be challenging due to this consolidation phase and potential market volatility.
2.) Technical Analysis and Entry Points:
- Short-Term Correction: The current vertical price trend may be unsustainable, and a short-term pullback could be expected.
- Long-Term Perspective: For long-term investors, the current price level might not be the most attractive entry point. The $1 range could offer a more favorable entry opportunity, depending on market conditions.
3.) On-Chain Analysis and Market Sentiment:
- Accumulation Phase: The accumulation phase appears to have ended around 12/11/2024, suggesting a shift in market dynamics.
- Distribution Phase: While not yet confirmed, the market may be transitioning into a distribution phase, where holders are potentially selling their positions.
- Amazon Partnership: The potential impact of the Amazon-XRP partnership remains a significant bullish factor, but its actual influence on XRP's price is yet to be determined.
🌎Global Market Sentiment⬅️
1.) January Caution: Historically, January has shown a tendency for negative monthly closes. This trend extends to March and April, suggesting a period of caution for investors.
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