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XRPUSD trade ideas

Elliot Waves and Fibs... crash or rocket launch for XRP?I've counted off a possible 5th impulse wave for XRP. I'm also studying Elliot Waves and have gathered a few high-level points to keep in mind while we watch this bull market germinate. The Elliott Wave Principle, is a technical analysis theory that describes the movement of financial market prices based on investor psychology and natural patterns. 1. The Elliott Wave Principle states that market movements are patterned and governed by the psychology of crowds, following a specific structure of impulsive (motive) and corrective waves. 2. Impulsive waves occur in a 5-wave pattern with waves 1, 3, and 5 being in the direction of the main trend and waves 2 and 4 being counter-trend corrections. 3. Corrective waves occur in 3 waves and can take the form of zigzags, flats, or triangles. They often alternate in pattern between sharp (zigzag) and sideways (flat or triangle). 4. The patterns are fractal, meaning they occur on all degrees of trend from smallest to largest time frames. 5. Wave personalities, Fibonacci relationships, volume, channeling guidelines, and other technical rules help identify the specific waves and forecast future movements. The Elliott Wave Theory, developed by Ralph Nelson Elliott in the 1930s, is a fascinating approach to understanding price movements in financial markets. Impulse Waves: Impulse waves consist of five sub-waves that move in the same direction as the trend of the next-largest degree. These waves represent the strongest part of a trend. Impulse waves are often labeled as 1, 2, 3, 4, and 5. They are nested within a self-similar fractal, creating larger patterns. Corrective Waves: Corrective waves oppose the larger trend and aim to correct the preceding impulse waves. They come in various forms, including zigzags, flats, triangles, etc. Here are more specific corrective wave patterns: Zigzag: Wave B in a zigzag typically retraces 38% to 79% of wave A. If wave B is a running triangle, it usually retraces 10% to 40% of wave A. If wave B is a zigzag, it typically retraces 50% to 79% of wave A. When wave B is a triangle, it usually retraces 38% to 50% of wave A. Flat: In a flat correction: Wave B must retrace at least 90% of wave A (a strict rule). Wave B usually retraces between 100% and 138% of wave A. Wave C is usually 100% to 165% as long as wave A. An expanded flat occurs when wave B is more than 105% as long as wave A, and wave C extends beyond the end of wave A. Expanding Triangle: Subwaves B, C, and D in an expanding triangle: Each retraces at least 100% but no more than 150% of the previous subwave. Usually, they retrace 105% to 125% of the preceding subwave
BITFINEX:XRPUSDLong
by cnote56
🌠 XRP BTC AND THE BIG PICTURE! 🌠🌠 Well. To say it's been a wild month but be a bit of an understatement lol. It's crazy to see how quick things move in this space. Stocks is one thing but crypto? It's a whole different entity in itself and one which I'm grateful to be a part of. Hope everyone's doing well, I'm feeling a lot better today so thought I'd get a detailed but very important post out here for you all, thanks for coming of course! 🌠 I haven't really added anything to this chart aside from the two black trend lines to point out that ascending channel before we had the exit and prompt fall thereafter. So all of the horizontal lines and everything are the same markers we've had for months now. It's a good sign that the chart's are sticking to those historical price points and shows us that these levels are still putting in the work great enough to see. 🌠 Explains why we've managed to get that boost up to 0.736 before hitting that resistance level and retracing to this next horizontal level of 0.688 by which things look now to be in the midst of a battle between bulls and the bears. The next two support levels below that then are 0.65 and 0.624 for future reference should we fail to sustain pressure up here and fall back. 🌠I'll wrap things up soon so don't fret, just wanted to give two very big picture idea's of what we're looking at on behalf of XRP as well as Bitcoin's weekly charts as shown below: 🌠 To start off, XRP's chart looks promising and personally looks like we may get a breakout, it may not be in the next hour, the next day, or even week but at one point or another it's more than likely we'll be getting a breakout soon enough. We've technically already broken out of the wedge on the weekly but the main factor to take into account here is Bitcoin. Bitcoin is obviously gonna have a lot of influence and when looking at Bitcoin's chart we can see that the new all time high looks wild to see. 🌠 We're at a precarious point in the least to say, this could be the start of the next rally for all we know, Bitcoin is trending, we've got the halving and the new is positive but whether or not that can be sustained and continue will have to be seen. I personally don't like the fact that we've climbed up this high this quick, especially Bitcoin to it's ATH, It puts us in a good position for a mountain fall or selloff but then again we've got the halving and the overall sentiment is positive. Just the pace of everything is the only thing that irks me. 🌠 We've come up like a rocket and we'll have to see if we can continue with that boost and break through the atmosphere and continue, if not, we may be in a position for one more fall back down before continuing our ascent but definitely set a couple price alerts if you want to keep an eye on things or enter at a lower point, I'm personally hoping to see a bit more of a retracement but fall or rise, I'll take both. 🌠 I think I've detailed enough, I appreciate those of you that continue to stick by my side and join me for these ideas, simply wanted to give some quick insight and thoughts of my own but I hope everyone is doing well as always. You guys absolutely rock. Here's a quick cheers till next of course. 🥂 ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
XRP dancing on the FIBONACCI ceiling?Is this Fibonacci sequence level a ceiling or a floor for XRp? Are we dancing, or will this become a wake for higher prices? **Fibonacci retracement levels** are essential tools traders use to analyze stock prices. **What Are Fibonacci Retracement Levels?** - **Fibonacci retracement levels** stem from the **Fibonacci sequence**, a set of numbers discovered by mathematician Leonardo Pisano (nicknamed Fibonacci) in the 13th century. - These horizontal lines indicate where **support** (floor) and **resistance** (ceiling) are likely to occur in stock prices. - The key Fibonacci ratios used for retracement levels are: - **23.6%** - **38.2%** - **50%** - **61.8%** - **78.6%** **How Are Fibonacci Retracement Levels Calculated?** - Start by identifying two extreme points on a stock chart (usually a peak and a trough). - Divide the **vertical distance** between these points by the key Fibonacci ratios. - Once these levels are identified, horizontal lines are drawn across the chart. - These levels serve as potential areas where price may **bounce** (support) or **reverse** (resistance). **Why Do Fibonacci Ratios Work?** - The Fibonacci sequence (0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, etc.) has a unique property: each number is approximately **1.618 times greater** than the preceding number. - This relationship forms the foundation of the ratios used by traders. - Examples: - **61.8%**: Divide one number in the series by the next (e.g., 21 divided by 34). - **38.2%**: Divide a number by the one located two spots to the right (e.g., 55 divided by 144). - **23.6%**: Divide a number by the one three places to the right (e.g., 8 divided by 34). **Application in Stock Trading**: - **Predicting Reversals**: Fibonacci retracement levels help determine critical points where price momentum may reverse. - **Support and Resistance** : These levels act as potential support (floor) or resistance (ceiling) zones. - **Profit Targets and Stop-Loss Orders** : Traders use these levels to set profit targets or place stop-loss orders. **Limitations**: - While Fibonacci retracements are widely used, they should be **combined with other indicators* * for more accurate analysis. - Remember that market behavior is influenced by various factors, not just Fibonacci ratios. In summary, Fibonacci retracement levels provide valuable insights into stock price movements, acting as ceilings and floors. Traders use them strategically to make informed decisions. (1) . bing.com (2) What Are Fibonacci Retracements and Fibonacci Ratios? - Investopedia. www.investopedia.com (3) Fibonacci Retracement in Stocks - HowToTrade.com. howtotrade.com (4) What Are Fibonacci Retracement Levels, and What Do They Tell You?. www.investopedia.com (5) undefined. stockstotrade.com (6) undefined. www.investopedia.com
BITFINEX:XRPUSDLong
by cnote56
xrp before massive run?xrp/btc pair hits double bottom xrp dominance is very low huge bullish formation Obvious that all shitcoins move up during the bull season, xrp has a lot of haters, but they will pack their bags when xrp will move around ath, it can be hit very soon. Xrp holders are very patient but they will be rewarded with quick and huge pump. There are a lot of shitcoins, I'm on market for about 7 years and I still dont understand why people invest in shit coins like pepe, shiba ect. and same people can still hate xrp, which is to be honest fastest and cheapest coin in transactions. We have a bull market, still new money is coming. You still thinking that 6th coin will not rise in this season? I think that we can discuss about price to be hit. Of course please do not say about 200usd or something like that, its unable to do with this market cap. I bet that we could hit near previous ath, but I believe that after huge wick down we can push the price to 7 usd until the end of the year
POLONIEX:XRPUSDLong
by AdamMalysz
XRPUSD Its aggressive move has started.XRPUSD followed relatively closely our structure last time we gave a long-term call (September 13 2023, see chart below), hitting our 0.56750 Target: We now zoom out on the 1W time-frame where the pattern becomes more clear. XRP is about to close a 1W candle above the 3rd Channel Up in a row. If it does, we expect a test of the upper Resistance Zone, similar to what happened on the March 27 2023 1W candle. As a result, our final Target is intact at 0.9300. Notice that the 1W MACD just formed a Bullish Cross, the 4th since August 2022, which is always a buy signal. On top of that, XRP is closer than ever to the first 1W Golden Cross since the week of April 21 2021, the most bullish pattern we can get amidst this new Bull Cycle. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:XRPUSDLong
by TradingShot
Overnight Jump Teases XRP Price Crossing $1Overnight Surge: XRP showcases a significant 18% jump, indicating strong bullish momentum. Triangle Breakout: The bullish reversal and triangle breakout signal a potential trend reversal. Psychological Barrier: XRP sets sights on surpassing the $1 mark following the breakout. Market Sentiment: With Bitcoin nearing $73,000, XRP and other altcoins gain traction. Double-Bottom Breakout: Preparing for a double-bottom breakout after an impressive spike. Fibonacci Levels: Crossing above the 23.60% Fibonacci level, aiming for the 38.20% level next. Current Trading Price: Trading at $0.70 with a slight intraday pullback, setting up for continued momentum. Technical Indicators: The DMI shows increased trend momentum, with VI lines indicating strong bullishness. Whale Activity: A massive transfer of 300 million XRP tokens highlights significant market activity. Potential Targets: The uptrend could potentially reach $1.08 or the 50% Fibonacci level.
BITSTAMP:XRPUSDLong
by Coinpedia-Market-Insight
XRP: Buyers are back at key resistance Today's focus: XRP Pattern – Resistance Test Support – .5778 Resistance – .7265, .8200 Hi, traders; thanks for tuning in for today's update. Today, we are looking at XRP daily. So far today, we are seeing weaker prices after XRP surged back above 70 cents. Buyers once again look to be stalling at key resistance, which has been in place since July 2023. Will broader market momentum contnue to push prices higher and break resistance, or could we see a new test lower while resistance remains in play? Good trading.
EIGHTCAP:XRPUSD
by Eightcap
Australians before $1 priced out of XrpNot only are we getting close now to USD seeing the final moments being under 1 dollar per Xrp, but Australians are now at a pivotal moment in history where Xrp will never be under a dollar again very soon! There is only 10 cents USD difference between the lowest point buy to the highest point buy before Australians will not be able to buy under 1 Australian dollars again. 0.66 USD (cents) equals $1.00 dollar per Xrp for Australians. Why am I doing this chart? It's because I'm from Australia and giving our fellow Aussies a heads up before it's too late to buy under a dollar ever again. It's becoming a tight squeeze in this range. There's 6 cents USD to the buyout point to 0.66 cents and there's 6 cents to the lowest point buy being at the current price of 0.60 cents USD. Basically don't wait if you want these cheap XRP tokens because time is of the essence!
BITSTAMP:XRPUSDLong
by Immortalsouls
10
XRP: Harmonic Structure in play in mid-term?Hi Traders! In the long term the trend is still bearish especially on high time frames, but if we look at the intraday chart, from a technical point of view we do not exclude the formation of a bullish harmonic structure with potential Target 1 around 1.15 area and subsequently 1.40 area. Having said that, if we look at 8H chart, we see resistance area around 0.6983, but if the trend is bullish and our analysis is correct, after first touch and pullback, we expect an important breakout of it. Trade with care Like | Share | Comment
BINANCE:XRPUSDLong
by TheAnonymousBanker
2
XRP possibly preparing for a massive upward movementSupports and resistances are squishing XRP's price volatility, setting up a big movement. Extremely low price volatility and volume at the moment. XRP.D is low as well. Token sentiment is also very negative. Price is still below the rising MA200, which is a buy. Fixed range volume profile gives us a short-term resistance of 0.615$. Support is 0.495$ and 0.43$. Breaking more than 3% below 0.43$ could imply that a major support line is broken. Breaking below 0.3$ ruins the pattern. But breaking above 0.615$ with momentum could imply in a run to 0.915$, 2$ or even above the ATH.
BITSTAMP:XRPUSDLong
by catnip_
XRP breaking an 8-month resistance: bullish macro trend!In the last few hours, XRP has surged, breaking a resistance level dating back to mid-July 2023. The price now stands above the MA100D and MA200D, both which are rising. Additionally, XRP has surpassed the $0.615~ resistance indicated by the fixed range volume profile applied from 2023/07/13 until today — this resistance will now become a support, as well as the moving averages. The macro movement suggests a 6-year compression in the price. Considering that this is a bull market and, therefore, the long-term tendency is bullish, the breaking of this resistance could be the first in a series of movements that may propel XRP's value above its all-time high.
BITSTAMP:XRPUSDLong
by catnip_
1