updated linesupdated the lines not to be optimistic based on the goverment shutdown they avoided until march.
XRPUSD trade ideas
XRPTechnical analysis is just a hypothesis, but with this strong market cap and ranking of 6, it has not grown and it is one of the most potential currencies.
timeframe = monthly
bitspamp
Just an ideaJust an idea, you can see Xrp went for $0.1665 to $0.5000
Then snapped back to $0.0085 before ripping up to $3.50
Always watching this coin because we all see it’s huge pontential, with BTC making a pattern to drop and black rock trying to control the market, I imagine we could see a sharp push up to collect, followed by a heavy retracement down before take off.
Currently sitting on the side waiting for confirmation of entry, but what we have seen in the past before Xrp takes off is a quick wick down then too the moon.
Currently sitting around $0.55 we could see a break downward if it doesn’t hold, however if it does hold we could see a push up collecting before a sharp retracement before take off.
Good luck and have fun with it
XRP getting ready to flex?!Is it just me or is XRP holding up strong? XRP has steadily been grinding higher and higher since the lows in June 2022. Truly the chart speaks for itself. Let's take a look at the weekly time frame.
The yellow overall fib from swing high to swing low has been playing out beautifully. The .236 level was resistance on multiple occasions(September 2022, October 2022, March 2023 and June 2023) before finally breaking above the .236 on July 13 2023. We are currently above the .236 fib level testing it as support.
The white trend line from December 2020 with the second touch point on May 2022 has been guiding XRP to the upside. When price is below or above the trend line its often retested as support or resistance quickly. XRP has been above the trend line since October 2023 and we're just now retesting it and currently sitting on the top of the trend line. Cough cough bullish retest.
Given the Fib(being above the .236) and being above the trend line my eyes are glued on the red box of resistance above. Bottom of the red box is at .92 and the top of the red box is at .95
Current price of .55, XRP is 66% away from the bottom of the red box of resistance and 72% away from the top of the red box.
Lastly when XRP makes this move I fully expect wicks to reach the .618 fib at .98 but would expect to have a candle closure/closures within the red box of resistance. Which would flip the red box to support.
Flex those muscles XRP!
XRPUSD WeeklyNotice the weekly stoch also the structure price has created.
The reversal higher should be sharp and volatile i believe we will respect the cloud from low to high. Bitcoin already did XRP is ready.
XRP to 10usd, what about 30 cents?I frequently watch various XRP videos where individuals predict a price surge, ranging from $10 (the "less" optimistic view) to $100 or even $1000. These predictions often come with fantastical explanations about why such increases will occur.
However, the harsh reality contradicts these optimistic forecasts, as XRP hasn't shown significant movement during this bullish trend. Despite an initial rise of approximately 50%, this gain has been nearly entirely offset.
Analyzing the chart reveals a conspicuous presence of selling pressure, with each upward spike promptly followed by selling activity.
From a strictly technical standpoint, if XRP falls below $0.5, the path to $0.3 seems inevitable, carrying a high probability of a drop to that level.
The bearish scenario can be dismissed if XRP rises above $0.65, but even in such a situation, substantial growth seems unlikely. From my perspective, $1 is the most optimistic scenario for this coin, even under the best circumstances.
⭐️ The Market Draws a Trend ⭐️ Continued ⭐️⭐️ Hi! This idea won't take too long, it's late night after all and I simply wanted to make a quick follow up before I caught some much needed sleep for the night, thanks for tuning in as always, we'll keep things short.
⭐️ Following up from my last idea which is linked and showed in the chart below we did highlight this new channel that's formed following that flash crash we got hit with at the start of the month and that's given us some insight as to what we we're possibly facing and seems that traders did in fact take the action once we lost our ascending channel.
⭐️ In our previous idea we called on the fact hat 0.55 and 0.56 respectively we're some pretty good support levels and that you guys should put up some alerts and curiously enough we did get that drop down to 0.56 with the wick's extension still representing the strength we've got there. I said it in the last idea and I'll reiterate it, even with the support showing and all that doesn't mean 0.55 and 0.56 are the bedrock bottoms for us, the risk for more downside is always there just as there is the fact that at any moment we could have some news and get a crazy jump, you simply never know.
⭐️ What we do know though is that since our exit from the ascending channel in which we also lost the 200 EMA we've been in this descending channel and chances are more than likely traders simply want to see which way we break out from this one. I don't see this descending channel having as big of an impact as our ascending channel, the ascending channel carried a lot of strength with it, especially thanks to our bottom after the flash crash but our current channel feels more minor and more likely than not in the next few days or even tomorrow we could get a breakout to the upside.
⭐️ Since the formation of this channel we can see how bulls have managed to keep price from slipping further out of the channel, I did add in a little black arrow to point out the spot where we can especially see that. Personally I'm looking out for a breakout to the upside and out of the channel but if we keep getting rejecting whilst trying to break out expect some more of a tug a war till we get a break one way or another. And below is the chart with the descending channel.
⭐️ That's the main thing for now, I'll leave it there but I appreciate you guys stopping by as always and wish the best till next! Let's simply keep positive and keep faith as always in ourselves and avoid stressing over things, take some time, have some tea and make sure you give yourself the 'you' moment today that you deserve.
~ Rock '
XRP Currently in FVG areaI think right now is a great time to accumulate XRP.
The green rectangular box is the Fair Value Gap. XRP will be trading within the price in the box for 2-3 weeks max and start the bull run I believe.
⭐️ The Market Draws a Trend ⭐️⭐️ Hey hey! Hope everyone's been well been a few days but so much has happened. Following up from my last idea it's crazy to see that we in fact did get that spring jumping up to 0.62 with that announcement of the Bitcoin ETF on the 10th as well as XRP's successful exit out of our descending wedge. So we had that as well as the fact that we caught our 200 EMA again and that definitely helped to reel us back up. Here's a link to the chart/idea below:
⭐️ Anyway I said this would be short so here's the current wedge I've drawn out that's formed since our impulse move up to 0.61 and 0.62 respectively. The wedge is on the 30 minute chart and on our main chart up above I've added this ascending channel which will likely continue to play a role in the next few days/weeks.
⭐️ Main thing traders are likely watching for is whether or not we get that break to the upside or down, basically the same as the move we just went though previously. So that alongside the 200 EMA and if we can keep ahold of it. That being said 0.55 has been doing well for support with our second wick down to that level being kept closed at 0.56 and above thus there's definitely a good support level there.
⭐️ While it's a good support level it also doesn't mean that it's bedrock or an absolute bottom, we should always consider the unexpected and on that note I'd definitely set some alerts at 0.56 and .55 just in case we do get a break down out of our wedge and come to retest those levels.
⭐️ I'll leave the idea there for now, but overall it's been a good week everything considered, so happy to finally be at a point where crypto is getting recognition, it's taken a few years but it's good to know the train is moving and getting going. Thanks for coming by as always, I appreciate each and every single one of you guys as usual and wish nothing but the best till next, thank you!
~ Rock '
BITCOIN GOT ETF APPROVED.. will it effect XRP ??!Honestly it will affect it and all other cryptos too, even tho Ethereum is dropping which isn’t good. So back to XRP I can see will hit 1$ because of BlackRock and JP Morgan made 7,500,000 move to it and that’s huge ..which mean it will rise above it.
That means we are in the bullish trend because rumors showed that XRP will have its own ETF that will be massive ( how come no one found out about it? )
XRP ETF followed bitcoins ETF approval also Ethereum. It’s still in play to hit $5 and $10 range don’t forget that.
If XRP below mid 0.48550 area thenXRP will be a full controlled bearish stage; we are now back above 0.55500 area that showed back being bullish and this should push to rise to $1
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.
