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XRPUSDT trade ideas

XRP/USDT XRP has been consolidating within a descending channel since early 2021, with the price making lower highs and lower lows. Currently, XRP is testing the upper boundary of this channel. - While XRP has bounced off the $0.42 support, the overall market sentiment and excessive hype on social media indicate a possible pullback. - If XRP fails to break above the $0.5678 resistance and the descending channel, we could see a significant correction. - A likely scenario involves XRP dropping back to the $0.42 support level. If this level fails to hold, a further decline to the $0.22 area is plausible. Despite the recent price surge, caution is advised due to the high levels of hype and potential overextension. A pullback to lower support levels, possibly around $0.22, could be on the horizon if the current resistance remains unbroken.
Long
by stavkog
4
XRP correction in next weekXRP is on bullish movement, as we watched XRP hit weekly demand zone and just go up to about 0.7 that was a point that XRP moved up from Weekly demand zone and can pass a Weekly supply and just stopped by Monthly supply zone. that means our weekly demand zone was so strong and we can trade with it again. now XRP need a correction and take the rest of orders between 0.4 to 0.45 for now we have a good reaction on monthly supply and price did a clean ChoCh so we can take a short trade i will trade on 1hr supply that i marked on the chart. my target will be 0.44 if u wanna take that short trade make sure of confrimation
Short
by Ali_a5
Unpacking XRP Price Trends: EMA, MACD, and RSI InsightsIn the recent analysis of BINANCE:XRPUSDT on the 4-hour chart, closing prices have demonstrated a downward trend from $0.6138 to $0.5747. This decrease signifies a bearish momentum over the past few sessions. The 9 EMA and 20 EMA, which are crucial for identifying short-term trends, indicate that XRP is currently experiencing bearish pressure. The 9 EMA is trending below the 20 EMA, further reinforcing the bearish sentiment. Meanwhile, the Moving Average Convergence Divergence (MACD) provides insight into the momentum and possible future price direction. The MACD histogram has shown declining values, with the last two readings indicating negative histograms. This shift suggests a bearish crossover is imminent, which could lead to further downward pressure on XRP's price. Relative Strength Index (RSI) readings have been fluctuating, starting from an overbought condition of 70 and dropping to 53. The current RSI level suggests the XRP price is moving out of the overbought territory and approaching a more neutral stance. However, the recent downward trend in RSI might indicate continued selling pressure. Given the current technical indicators, potential support levels to watch are $0.5280, $0.5279, and $0.5268. These levels could serve as crucial points where buyers might step in to halt the decline. If XRP breaks below these supports, it could signal further downside. For traders looking to capitalize on the current market conditions, potential entry points for long positions could be around the aforementioned support levels, assuming there is a confirmation of a reversal. On the other hand, short positions might be considered if the XRP price fails to hold above the support levels, with potential exits near the next support zone or a break below the recent low of $0.5747. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Ecoinimist is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
by Ecoinimist
XRP outlook amidst SEC vs Ripple updatesRipple (XRP) reclaimed a $0.6 level, a three-month high, amid speculations of a settlement between the US Securities and Exchange Commission (SEC) and Ripple. According to some market observers, a secret meeting between SEC and Ripple scheduled for 18th July could end the long-running legal battle between the two parties. However, a former SEC lawyer, Marc Fagel, downplayed the SEC-Ripple settlement rumors. He noted that the agency has held several such meetings with Ripple, none of which resulted in a conclusive endgame for the ongoing lawsuit. Still, some market participants were convinced the massive XRP pump was linked to insider news of a potential settlement or positive news. The upswing to $0.61 on the price chart marked a +7% daily gain and effectively reversed all losses made in Q2. On a monthly adjusted basis, XRP was up 30% in July after rallying from $0.38 to above $0.6. This performance eclipsed the rest of the market, including Bitcoin (BTC), which was up only 3% in the first half of July. If XRP convincingly reclaimed the 38.6% Fib level ($0.61) and eyes the next bullish target at 23.6% Fib ($0.66), an extra 7% gain would be likely. However, XRP hit a key in a bearish order block, marked in red, which aligned with the 38.6% Fib level. Additionally, the RSI (Relative Strength Index) was in the overheated territory. This meant that buying was strong, but buyer exhaustion couldn’t be ruled out. If so, a retracement to the 50% Fib level could offer side-lined speculators another market re-entry point to ride the rally to the 23.6% Fib level. Meanwhile, traders went long on XRP since Monday, with the futures long positions increasing from 47% to 49%. The outcome of the July 18th meeting could determine whether the rally will be sustained or not.
by paul_endeo
XRP Rockets 12%: Triangle Pattern and Futures Signal Bullish RunXRP, the native token of Ripple, has defied the recent market stagnation with a stellar 12% surge in the past 24 hours. This jump extends its weekly gains to a remarkable 40%, significantly outperforming other major cryptocurrencies. This unexpected bullish move is fueled by a combination of technical analysis and a surge in futures bets, suggesting a potential continuation of the uptrend in the coming weeks. Bullish Triangle Hints at Breakout Technical analysts are pointing to a significant development on XRP's long-term price charts – the formation of a bullish triangle pattern. This pattern typically emerges when the price action gets squeezed between converging trendlines, one acting as resistance and the other as support. As the price fluctuates within this narrowing range, a breakout is often anticipated, with the direction determined by which trendline is breached. In XRP's case, the triangle pattern hints at a potential upside breakout. This is further bolstered by the recent price surge, which has pushed XRP towards the upper trendline of the triangle. If this resistance level is convincingly broken, analysts predict a significant price increase, with the height of the triangle often serving as a target for the breakout. Rising Futures Open Interest Fuels Optimism Adding fuel to the bullish fire is the noteworthy rise in open interest for XRP-tracked futures contracts. Open interest refers to the total number of outstanding futures contracts that have not yet been settled. A significant increase in open interest suggests a growing number of traders are placing bets on XRP's price movement, with a rising number typically indicating anticipation of volatility and potential price increases. The near doubling of XRP futures open interest within the past week signifies a surge in investor confidence and a potential influx of capital into the XRP market. This aligns with the bullish triangle pattern, suggesting a confluence of technical and market sentiment that could propel XRP further upwards. Is XRP Back on Track? XRP's recent performance marks a significant turnaround after a prolonged period of lagging behind the broader market. This sluggishness stemmed partly from the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) regarding the classification of XRP as a security. However, with some positive developments in the case, including a recent partial dismissal of the SEC's claims, investors appear to be regaining confidence in XRP's long-term prospects. A Note of Caution While the current momentum is undoubtedly positive for XRP, investors should exercise caution. The cryptocurrency market remains inherently volatile, and unforeseen events can trigger sudden price swings. As always, thorough research into XRP and the broader market environment is crucial before making any investment decisions. Looking Ahead The combined forces of the bullish triangle pattern and rising futures open interest paint a promising picture for XRP in the near future. If the anticipated breakout from the triangle materializes, XRP could experience a sustained price increase in the coming weeks. However, close monitoring of market developments and ongoing legal proceedings surrounding XRP remains essential for investors navigating this dynamic market.
Long
by bryandowningqln
1
XRP Update — Approaching Resistance — Correction Incoming? For more than a week, XRP has delivered exceptional performance. Overall, the token climbed ~50%. However, signs of a correction are getting louder. Here are the details of XRP's chart setup, technical indicators, trade signals, and AI forecast. 1️⃣ Chart XRP is currently approaching a major resistance area at 0.65. Since the token already pumped massively, it would be surprising to see the resistance break with the first attempt. Contrary, it is more likely that XRP gets rejected and enters a (short) correction. If this happens, the level at 0.57 should serve as first support. 2️⃣ Technical Indicators Unsurprisingly, many momentum indicators have reached oversold territories across all timeframes after such a rally. This adds an additional level of cautiousness and seconds to the above correction scenario. 3️⃣ Trade Signals On the daily chart, XRP has printed bullish trade signals for several days. However, there are two important things to consider: 1) Most signals have already reached their profit potential, and 2) the latest signal (Power Scalper) is usually the last signal before a correction happens. 4️⃣ AI Forecasts Both Deep and Pattern AI Forecasts expect a price drop during the next 7 days. However, while the Pattern Forecast expects the price to drop to $0.5, the Deep AI Forecast paints a darker picture with a forecast of $0.43. 🚨 Summarized: All perspectives point towards a correction. However, since the market is bullish overall at the moment, the correction should be short-lived.
Long
by ben_walther
XRP is showing Bullish signs XRP is about a well respected level on the indicator showing us strenght and momentum coming in . if BTC can go back to 64K the bullrun continues now the fear is still in the market this could be a great chance to buy your bags. everything that I hold now is already set to be sold around next year oktober. this trade on xrp is very logical to hold at least 6 months because that is the time I expect bitcoin to grow stochastic rsi is working like a clock if it comes to that we can expect like always a very good winter with a peak in prob january I expect the price to be at least at the 1.20 dollar for XRP. But I would not be suprised if it can touch the 2 dollar. pls do your research for what coins you like most
Long
by JustTyrex
4
Ripple (XRP) explodes with 10% daily growth: what's next?The crypto markets have overcome the selling pressure generated by Mt. Gox’s BTC transfers and the German government liquidating the seized assets. As a result, the Bitcoin price underwent a nice breakout and surged above the pivotal resistance zone, confirming a rise above the bearish captivity. With this, the traders appear to have jumped into a ‘FOMO’ well, as altcoins like Ripple (XRP) have gained immense attention. The XRP price attempts to reclaim levels above the multi-year ascending trend line, which could spark a new upswing to $1. The RSI is breaking above the descending resistance after failing to do so several times previously. Furthermore, the MACD is positioned for a bullish crossover. As a result, if the price closes the weekly trade above the trend line, it may find support in the $0.65 to 0.7 range, where bears dominate. As a result, the next few days could be crucial for the XRP price rally, as reclaiming $1 will be dependent on the weekly close.
by paul_endeo