Get ready for a quick Ripple!! I like to find head 'n shoulders. XRP peeps will not find this amusing.
BTC in overbought territory. Everything else will cool off, Buying opp coming again.
Not advice, just entertainment here.
XRPUSD trade ideas
Not looking sexy hereBreakdown, retest down again now? All eyes on that 50 level if this also fails you better hope for a quick wick down to the 30s grab al liquidity because if this is not the case i think its doomtown all over again. On the side note: its xrp.. sentiment is at an all time low maybe it gives us a suprise
Will XRP PRice CRash under $0.50?Bearish Triangle Pattern: XRP exhibits a decline within a symmetrical triangle pattern, hinting at a potential bearish breakdown.
Support Zone Testing: The current price retracement is testing the triangle's support, possibly gearing up for a bullish cycle.
Breakout Potential: Sustaining bullish momentum could lead to a breakout, targeting the $1 mark.
Under Pressure: XRP's recent performance under the 200-week EMA indicates a possible bearish trend continuation.
Market Influence: A general slowdown in the market is exerting additional selling pressure on altcoins, including XRP.
Starting on a Low: Ripple begins the week with a 1.19% drop, reinforcing the bearish outlook.
Volume Support: Increasing trading volumes are corroborating the ongoing price drop.
Technical Position: Currently trading at $0.5397, XRP struggles amidst a 5.26% decline from the previous week.
MACD Indicator: The MACD's movement suggests a potential bearish crossover, aligning with the negative trend.
Critical Support at $0.50: The $0.50 level is a crucial juncture; a fall below could intensify the bearish trend.
Bulls vs. Bears: The tug-of-war at $0.60 (bullish) and $0.50 (bearish) will be decisive for XRP's short-term direction.
Possible Scenarios: A push above $0.60 could trigger a rally, while a drop below $0.50 might lead to a decline to $0.42.
XRPUSDThis Week FORECAST
Opportunity for XRPUSD. This setup trading idea is for intraday. >> TAYOR
Risk Factors:
1. Market conditions, unexpected news, or external events could impact the trade.
2. Always use risk management strategies to protect your capital.
📉 THE FALL. WHAT HAPPENED? 📉📉 Hi, sure you guys are busy and all so I'll keep this idea short and yet important as usual, thanks for tuning in of course. Really do appreciate it as always.
📉 Seems XRP has been dragged down alongside Bitcoin and the rest of the market in a sort of 'buy the rumors, sell the news' event. It's nothing crazy considering we've seen this happen many times before but to see this kind off fall still is never easy to take in.
📉 In my previous idea I added this new descending channel that I had seen form and I did point out that we may end up getting rejected and dragged down further thanks to that channel which is exactly what's happened basically. If you compare the chart below from the previous idea to what we've got currently you can see that's indeed been the case.
📉 And here is the descending channel extended on the 30 minute timeframe:
📉 Anyway with us having been dragged down thanks to the channel and failing to regain our 200 EMA that helped clear the path for bears to drag us further down and ultimately break below our support of 0.56 and 0.55 which saw us even hit 0.526 at one point breaking through our horizontal levels down below as depicted:
📉 So it's not exactly like we've had any bad news but we haven't had any good news either and the fall was only intensified in due part to even more liquidations being executed as Bitcoin dropped out of the 45k point to the $41-42,000 range where it's fighting right now. This alongside the SEC v Ripple case still ongoing with a further developments of which can be read below in the linked article:
www.fxempire.com
📉 Investors are basically at a 'not sure' point from what I can tell right now, first thing is that we've been fighting to break back above 0.55 since our fall below thanks again to the descending channel so whether or not we can regain that will simply have to be seen but if we can't then expect a further drop and please pay mind to my horizontal levels in my charts. I haven't added any new levels in a few week and they still do the job just fine, here's more of the levels further below in case you guys would like to add them to your own charts.
📉 I'm leaving the idea there, good news is that we have indeed exited our descending channel so we don't have to worry as much right now with falling down further but the chance is still there, especially as investors grapple with Bitcoin's fall the past couple days since the ETF filings so we're on thin ice right now. I'm sitting and letting the river flow, setting an alert for 0.54 and 0.53 in case we do slip further down should we not regain that 200 EMA.
📉 Leaving the idea there for now but just know that whatever happens over the next few days will mainly be thanks to Bitcoin and XRP is simply going in flow with bitcoin much like the rest of the market is overall, we're use to this we've been here time and time again, and just like we've been here we'll manage and get through things and persevere. All that matters is how much will one has. Thanks for coming by as always, will definitely try to post more this month and ahead, so please keep tuned and feel free to follow and leave a like, really helps me out with these ideas, thanks so much and all the best till then.
~ Rock '
Will XRP Teach Us a lesson?According to the school of technical analysis, “The basic concept of underlying harmonic patterns is based on price/time movements that follow the symmetry of the Fibonacci ratio and its correlations in markets.”
The issue with Harmonic Patterns is that harmonic pricing patterns need to exhibit movements of a specific size in order to indicate an accurate reversal point when the pattern expands.
Therefore, looking at CRYPTOCAP:XRP it demonstrates a pure Harmonic movement working a long-term ascending channel.
On a weekly Oscillators standpoint, the indication is by far clearer to reality:
- Momentum (10) 0.12776 = Buy
- MACD Level (12, 26) 0.03080 = Buy
- Exponential Moving Average (20) 0.58496 = Buy
- Simple Moving Average (20) 0.56844 = Buy
- Exponential Moving Average (30) 0.56559 = Buy
- Simple Moving Average (30) 0.57230 = Buy
- Exponential Moving Average (50) 0.54378 = Buy
- Simple Moving Average (50) 0.51553 = Buy
- Exponential Moving Average (100) 0.53909 = Buy
- Exponential Moving Average (200) 0.51817 = Buy
- Simple Moving Average (200) 0.54754 = Buy
XRP - The Genesis of the Crypto Bull Market Takes Shape...Recent Analysis Suggests a Wave D Scenario Since March 2021, Indicating a Potential Breakout from the Current Range. These Developments Hint at Possible Culmination of Wave 2 Correction, Marking the Onset of a Significant Bull Market in 2025, Following a Projected Major Correction in Stock Markets, Potentially Resulting in Lower Rates and Continued QE Programs.
Additionally, Enhanced Bullish Count for Bitcoin and XLM to be Posted Soon.
Weeks Away to the Start of a Massive XRP Urge Watching and waiting for the incoming urge for XRP
Accumulate before the train leaves station.
XRP - When Moon? Fractal Pattern ThesisI first posted this XRP gaussian channel chart in November of 2023.
I noticed a price pattern within the red portion of the gaussian channel.
This pattern could provide a clue for when XRP will moon.
More specifically, when XRP will top.
The 2016 and 2020 BTC Halving Event both occurred within the gaussian channel when it was red.
I pulled out the price pattern from the time of the halving till the blow off top.
I placed these patterns into the bottom of the split screen.
1) In 2016 and 2020, after the BTC halving, XRP saw a drop in price.
2016 had a 28% drop and 2020 had a 13% drop. This was the base for a triple and
double bottom respectively.
2) In both patterns there were two consolidation periods. (green and yellow channels)
3) When price broke above the yellow parallel channel (purple arrow) it took roughly
one month for XRP to reach its blow off top.
Looking at both of these patterns, XRP "moons" whenever it BREAKS OUT of its sidewards consolidation.
And according to this pattern and history, the Halving Event doesn't cause XRP's price to jump immediately. Rather it continues ranging within its parallel channel, frustrating XRP holders, and asking themselves, "when moon?"
XRPUSD: Prepare for massive bullish breakout soon.XRPUSD is almost oversold on the 1D technical outlook (RSI= 36.211, MACD = -0.013, ADX = 34.490) as it is under a LH trendline and trading inside a Channel Down since the November 6th 2023 High. This is an identical price action, also on RSI parameters, with October 2022 - February 2023. On March 21st 2023 the price crossed over the LH trendline aggressively and hit the R1 level.
As the pattern since May 2022 is a Channel Up, the upside potential is very high. Consequently we initially target the R1 level (TP1 = 0.9200) and after a pullback to the 1D MA200, we will rebuy and target the top of the Channel Up (TP2 = 1.1500).
See how our prior idea has worked out:
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XRPUSD - RISING WEDGERising wedges often leads to bear breaks (:
My personal target will be 0.80 if we can hold this zone.
BTC / SOLANA / Ripple Cryptocurrency markets, which previously awaited the approval of a Bitcoin ETF, are now facing selling pressure attributed to factors affecting Bitcoin and the cryptocurrency market as a whole.
The continuous withdrawal from the Grayscale Bitcoin fund and the exploitation of Bitcoin miners add to the worries and negative outlook.
Although Bitcoin has been the center of attention, other cryptocurrencies such as Solana, Ripple, and ... may be approaching buy zones.
Grayscale
Due to redemptions in the GBTC fund, it was forced to sell nearly half a billion dollars in bitcoins, prompting investors to exit in favor of other ETF products with lower annual fees.
This process continuously affects the anxiety of the market and prolongs the negative outlook. Bitcoin miners, major investors in the market, have also contributed to the price drop by selling a significant amount to secure profits.
Although GBTC outflows will weigh on the market, continued interest in Bitcoin ETFs could become a catalyst for the crypto market as this selling pressure eases.
From the aspect of technical analysis, if we look at the latest situation of Bitcoin, we can see that despite the selling pressure in the short term, this digital currency maintained its critical support until the end of the week.
While attempts to push above $40,000 are likely to be seen in the last 48 hours, Bitcoin closing below $41,700 for the week would be an important confirmation of the recent sell-off.
If this move is supported by a decrease in GBTC redemptions, we may see a reversal of the short-term correction. This is because medium and long-term bullish expectations are valid for the Bitcoin and cryptocurrency markets.
In summary; I continue to look for Bitcoin based on the horizontal band limits (green color) that have continued since December as seen on the chart.
Another important support point on the downside is the 38.2% Fibonacci retracement, based on the October-January rally in the $39,700-$40,000 range.
A clear daily close below this area carries the risk of a further downward move to other support points in the $30,000 area.
The cryptocurrency market outlook in January showed us once again how quickly market moods can change.
While this phenomenon is related to the size and concentration of capital in the market, we have often seen dips being used as buying opportunities while medium-term bullish expectations persist.
In this context, let's try to identify the support levels that can be considered for cryptocurrencies with high market capitalization other than Bitcoin.
Let's look at the support and resistance levels of Solana, Ripple among high-volume altcoins in the short term.
Solana
Solana: Ambush to buy at support levels
Solana remained quite flexible in the correction compared to its recent bull run. Currently, buyers are moving quickly on the support line up to $85 (38.2% Fibonacci), while selling pressure is focused on the $126 ceiling.
A price breakout from the important support zone at the $96 area today can be followed as an important signal to maintain a positive outlook.
On the lower side, while a pullback to $85-86 could be seen as a buying opportunity, it could see a return to the $72-75 range if the day opens and closes below that level. to be
Ripple
Ripple seems to be approaching the buying zone.
After losing its support at $0.62 in the first week of the year and after failing to hold $0.6 in recovery attempts, it increased its corrective momentum.
After losing its support at $0.62 in the first week of the year, XRP continued its corrective momentum after failing to hold $0.6 in recovery attempts.
In the current situation, we can see that XRP, which is below the 61.8% Fibonacci level in the $0.54 range, may decline to the $0.4850-$0.4630 range, this level may emerge as a new buy zone.
However, a quick turnaround and a close above $0.58 could be seen as an early recovery in XRP.
updated linesupdated the lines not to be optimistic based on the goverment shutdown they avoided until march.
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 '
