$xrp to double digits would be wild(hopium), but CRYPTOCAP:XRP could be the only coin the sec may have to approve (hopium2)
buy hopium today at your local non-sec-sued exchange
XRPUSD.P trade ideas
XRP High probability Uptrend with 70% move with target: $1.042The analysis below outlines a bullish case, with a target price of $1.042, marking a potential 71.76% increase from the current level.
Ascending Channel Formation:
The XRPUSD has been trading within an ascending channel, exhibiting higher lows and higher highs, a classical indicator of a bullish trend. The lower boundary of the channel has consistently provided support, suggesting a strong buying interest.
Consolidation Zone:
Prior to the current price action, XRPUSD was consolidating, with the price oscillating between a well-defined range of support and resistance levels. The upper boundary of this range may act as a springboard for a breakout.
Z-Score Probability Indicator:
The Z-Score indicator has dipped into the red zone, which often precedes a reversal. Given the other bullish signals, this could indicate a potential buying opportunity.
Moving Averages:
XRPUSD is currently trading above its significant moving averages, which have started to trend upwards, suggesting a bullish market structure.
✴️ XRP Descending Triangle, Correction High ProbabilityThis is what can happen in the coming weeks, early 2024, based on current chart signals.
➖ XRPUSD peaked 13-July and has been moving lower ever since.
➖ By mid-Nov a lower high emerged and a new descending triangle formed.
➖ This triangle is still active, lower highs, with the action moving yesterday below EMA50.
➖ This is matched by the RSI going weak (bearish) with decreasing volume...
This combination of signals can lead to a major drop.
First slow as it is happening now and then a sudden crash to liquidate all those who are long.
It is the same bullish scenario but in reverse... The market moves in waves.
Namaste.
HISTORY REPEATS?Could we see a big impulsive move on XRP? Seems like there is a reoccurring pattern happening after major news are released. Last BIG IMPULSE was from the result of Ripple labs winning the case against the SEC. Recently, they also approved the Spot ETF for bitcoin, that reflects very positively on the market. In my opinion, the effect of them winning the law suit hasn't even happened.
XRP EoY/Q1 Price ProjectionI'm sharing this as a follow up to a call I made on Reddit as we were running on $0.72 where I called the $0.72 peak and projected a retrace back to $0.55. As we're now nearing the range I called, I've decided to do a bit more thorough price analysis to delve into probability of different short term bottoms as well as projecting the most likely EoY/Q1 price movements that are to come.
1. The Yellow Trend Line: in the chart depicts if the daily RSI finds strength at 30, if this plays out, then we're going to see the price bottom just above $0.56. So if you don't want to miss out on the buying opportunity from this dip, there's a +90% chance you'll be able to fill a buy order at $0.565 in the coming days.
2. The Orange Trend Line: This is the range I've been calling us to pull back to since we ran on $0.72 over two weeks ago and I'm still sold on this being our local bottom for a few reasons. Primary among them; of the 17 times XRP's daily RSI has broken above 80 and then retraced below the 50, only 6 times has the RSI regained strength off the 30. 11 times it's capitulated below the 30. Which suggests a 65% chance you can fill a buy order at $0.542.
3. The Red Line: If XRP breaks below $0.542, it's last line of support before full capitulation is $0.52. A short term pull back to this range (without a strong bounce off one of the prior before hand) is extremely unlikely. Of the 17 times we've seen this RSI pattern, only 3 times has it pulled back as severely as would be required to see the price capitulate to $0.52. So there's only an 18% chance of filling your buy order at $0.52.
December/January Analysis: These projections are based upon the downward trend continuing. These do not account for what could happen after we rally from one of the above these levels. If we see the price follow the Red Line the subsequent rally will be a dead cat bounce before we see further pain (and even more downside) in the months to come. Even if we bounce off $0.54 it doesn't guarantee we will have further upside (breaking above $0.72) the most likely outcome will be the price being range bound between $0.72 & $0.54 through the end of the year. Something else to keep in mind is that 6 of XRP's 9 Decembers have been bloodbaths and 6 of it's 10 Januarys have been bloody. Resulting in in 8/9 Dec-Jan for XRP being some of the most painful periods in XRP's history. The only exception to this was Dec/Jan 2017/18 when XRP reached it's ATH. We can exempt this from our data set as the market conditions during that time were almost the exact opposite of what we're witnessing today (ie the whole market was at peak euphoria going into the end of 2017).
Optimistic Outlook: In the best case scenario, XRP bounces off $0.56 in short term, ranges between $0.56 & $0.72 through December, capitulates to $0.54 in January, then we see the price break above $0.72 by end of January/early February.
Neutral Outlook: XRP bounces off $0.54 in short term, ranges between $0.54 & $0.70 through December, capitulates to $0.52 in January, ranges between $0.52 & $0.66 through all of Q1 2024.
Pessimistic Outlook: XRP bounces off $0.52 in short term, has dead cat bounce into mid December, capitulates at end of year/January all the way to $0.44, with no sign of life returning until late Q2 2024.
XRP Long Term Bullish OutlookCRYPTO:XRPUSD long term is very bullish.
I measured that we will hit the target profit $27 around early to mid 2025 based on the previous 1 year pole. You can see the formation of rally-consolidation-rally with a bullish pennant consolidation. RSI is looking good too, i'm certain it will close with a crossing but you can wait until december closing to make sure.
Also outside of technical analysis, xrp or ripple is very good fundamentally and narratively. The narrative of CBDC will be major if the world government implement this globally, i think it will be implemented in 2024 or 2025. It's best to buy XRP now.
XRP - Ready to go parabolic?XRP has been in an accumulation phase for over a year, we are confident that this accumulation phase will result in a substantial markup phase and so we have been accumulating for a while also. Our long term targets are posted below.
If you were to play it in the short term then we are above a key level from history, possibly the most important one, showing bullish convergence with perfectly poised indicators. The double bottom also shows confidence for buyers. There are two levels to trade in the short term.
xrpee pump Nice sweep of the low
Altcoin open interest just got rekt yesterday
Holding critical level so far
Potential ETF candidate
Bitcoin ETF approval, maybe trading imminent
Always pumps last
Stop relatively tight because DXY is pumping and stock market dumping and BTC ETF is most likely priced in. And it could sweep the lows again. Hoping for a pump to 46-48k from here though
target 75c next target 1.20
weekly updateHi there,
As we know we need to pass 0.71 to see XRP over 1$ and beyond.
Still well play in weekly chart, let see can go up or not!
We are part of #XRPARMY and suffer from this down and inflation. Do you think is possible Ripple send fresh blood into their #XRPARMY and send over some #XRP from their screw account to the #XRP holder to protect them at this point!
I mean same as screw account, we are not release that till specific time! is not fair?
put your command below.
Each Army need to feel support from their leader!
XRP/USD 1D ChartPrice breached support at $0.58154, plunged to $0.515 and retraced back to $0.56702. The cause behind the retracement was increased demand which formed a demand zone (highlighted area) and could help rally the price. RSI shows a bullish divergence which is another confirmation of a bullish price. In order to enter the market, we need to wait for the price to climb back from support, retrace and rally for a better entry in order to confirm a bullish case.
Will XRP price cross the $1 mark this year?XRP Price Current Status: Trading at $0.5567, facing a crucial phase.
Weekly Triangle Pattern: Ripple's price is caught in a decisive pattern, indicating a potential breakout or breakdown.
Recent Bearish Trend: XRP experienced a 10% drop last week, testing investor confidence.
Key Support Level: Currently grappling with the psychological support at $0.50.
Intraday Movements: Ripple showing signs of a struggle with a 0.88% growth, aiming to reclaim the $0.60 level.
Volume Analysis: Trading volumes indicate a strong consolidation phase, suggesting indecisiveness in the market.
Technical Indicators - MACD: Showing a potential failed attempt at bullish crossover, signaling bearish trends.
RSI Indicator: Falls below the halfway line, hinting at a bearish outcome.
Critical Resistance: XRP needs to overcome the $0.71 level for a bullish scenario.
Potential Upside: If bulls take over, XRP could target the $1 mark.
Downside Risks: A continuation of the bearish trend below $0.50 could lead to a more significant breakdown.
Market Sentiment: Overall sentiment towards XRP remains cautious, with a focus on upcoming market moves.
Weekly forecast for XRP
Hello traders , what is your opinion for XRP ?
In 4 hours time frame we have no clear direction for the price . But the bullish divergence , make me to believe that the price will climb up to a specific level of Resistance zone .
If this post was helpful for you , please share your comments and like . Thank you .
💥 XRP GETTING READY TO SPRING? READ 💥💥 Been a pretty interesting week everything considered, Bitcoin managed to hit that $45,000 mark only to be hit with a flash crash following a rather innocuous article coming out on behalf of an author from Matrixport who gave their thoughts on why they think the SEC will reject a spot Bitcoin ETF once again which promptly spooked the market into a rather quick sell-off which recovered just as quick. Below is a link to that matrix article for reference.
www.matrixport.com
💥 Main catalyst here was the fact that off that article which spooked investors some whales definitely sold rather large positions across the crypto market prompting the fall which was only sunk further due in part to Long future positions being liquidated which created a domino effect and cascade. We've seen this before and this time was no different. This was Bitcoin's biggest drop in over a month with nearly $700 million in liquidations over the 24 hour period of January the 3rd. Bitcoin accounted for $170 million of that and all of the data is thanks to Coinglass of course. Here's a link below to a reference article.
cryptoslate.com
💥Anyway, that dragged the market down before we got a prompt recovery though that doesn't mean we got out of the waters. Since the drop we've struggled to break back above 0.60 with us then forming this line of resistance helping to make up the current descending triangle we're in at the moment. I've added that in accented black lines below to display the triangle. And below are two option's or cases with breakouts happening to both the upside as well as the upside for visual representation.
💥 A breakout is definitely what traders are waiting for right now, we've seen this time and time before especially with XRP, for whatever reason XRP love's these descending triangles after those big mountain falls and more than likely we'll get a spring back up which could help us see 0.60 broken should traders get that confirmation and regain the 200 EMA which we also have drifted far apart from, a meeting soon could be due. Below is a quick reference to the same descending channel from yesterday:
💥 Also watch 0.571 to 0.584, that's the second horizontal channel since we've fallen and has also been our main resistance at 0.571 since we fell out of that channel itself. We get that break out and break back into the second channel we'll probably have a pretty good chance at facing 0.59 and possibly breaking 0.60 too in the process. Here's a chart of the second channel from yesterday. I wasn't able to finish the post hence the title.
💥 There's no guarantee though, that's just a possibility as always till it happens, so just as we can get that breakout to the upside we can get rejected and get a breakout to the downside past that 0.560 level of support. Personally I see the chances of that being relative low unless we got some new update or negative article out regarding crypto or Bitcoin.
💥 XRP has a lot of support at 0.55 as this flash drop highlighted with that sharp pullback up and has managed to keep above 0.56 ever since then only having it's wick dip down below in a few instances. I'll keep the idea short and leave it here for now, I'm sure you all have a lot going on today but wanted to get some objective thoughts and a couple possible ideas of what our next move's may be looking like.
💥 With that all being said I appreciate you guys for sticking by my side, especially if you've made it this far in the idea. Thanks for taking the time to read some of my thoughts, hope you all are doing great as always, wishing nothing but the best till next! WE got this!
~ Rock '
XRP shows sign of weakness! XRP to 0.20 soon!This analysis is based on Elliot wave triangle and VPVR.
