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XRPUSDT trade ideas

Ripple can reach resistance level and try to break itHello traders, I want share with you my opinion about Ripple. By observing the chart, we can see that the price some time ago broke the resistance level, which coincided with the seller zone, and started to decline inside the downward channel, where it soon fell to the support line of the channel. Later price tried to rise, but failed and declined to the current resistance level, which coincided with the resistance area, after which it turned around and started to move up in an upward channel, thereby exiting from the past channel. In the upward channel, XRP rose to the 0.6275 resistance level and even entered to seller zone, but at once turned around and rebounded down to the support line, where it some time traded near and later made a strong downward impulse. Ripple exited from the upward channel and declined to 0.5620 level, but a not long time ago it broke this level too and even fell lower resistance area. Also recently, XRP turned around and rose almost to the resistance area, and now, in my opinion, Ripple can rise to the resistance level, after which it makes little correction. After correction movement, XRP can try to break the 0.5620 level, and if the price breaks this level, Ripple will continue to move up, therefore I set my target at the 0.5840 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
5
XRPUSDT| Potential Pullback Ahead as Price Hovers Around 0.6200Hello There, The price has the potential to rise for a bearish pullback and drop to 0.5321 for a bias of 0.5173.  However, there seems to be an area untested around 0.6599, so there needs to be a strong confirmation for a potential bearish pullback.  The current candle wrestles with the high pin-bar to 0.6200, which is fairly neutral at this point. It opened above the high previous to it, and it's higher than the third candle, so here, a potential dip can also be expected. Happy Trading, K.
by Khiwe
XRP price tests $0.50 support as AMM makes comeback on XRPLedgerThe Ripple $(XRP) price has been testing the psychologically significant support level of $0.50 on Friday, despite the recent rally of Bitcoin prices to $70,900 on April 12. CRYPTOCAP:XRP prices have remained unaffected by Bitcoin's recent gains. The possible influence on CRYPTOCAP:XRP prices is the recent Automated Market Maker (AMM) amendment, along with developments in the Securities and Exchange Commission (SEC) lawsuit against Ripple ( CRYPTOCAP:XRP ) and related court cases, such as the Govil and Coinbase lawsuit. On Friday, XRPLedger's 'fixAMMOverflowOffer' amendment went live, and the AMM is back in action on the mainnet, marking a milestone for Ripple's blockchain. Ripple's CLO Stuart Alderoty shared details of a lawsuit in which the Second Circuit rejected the SEC's appeal. The SEC alleges that Aron Govil used his position as a controlling shareholder to cause Cemtrex to engage in a variety of fraudulent conduct. The regulator is seeking disgorgement of misappropriated funds; however, the Second Circuit denied the SEC's appeal. Alderoty considers it the SEC's loss since the Second Circuit refused to reconsider their decision in Govil, which held that if a buyer suffers no financial loss, then the regulator is not entitled to disgorgement from the seller. The SEC is seeking over $2 billion in fines from the payment remittance firm, Ripple, for the institutional sales of XRP made by the payment remittance firm and violation of securities laws. It alleges that Ripple violated securities laws. The Govil decision sheds light on what XRP holders can expect from the SEC's appeal in the Ripple lawsuit. Pro Ripple attorney Bill Morgan commented on the Govil lawsuit and its impact on the Ripple case. Morgan said that no conclusion can be drawn until Ripple's brief and counter-arguments against the SEC's motion are public. Technical analysis shows that the Ripple price ( CRYPTOCAP:XRP ) is trading within a tight range between the February 7th low of $0.5077 and April 9 high of $0.6431. CRYPTOCAP:XRP price is testing the $0.60 support on Friday, which is considered a key psychological level for the altcoin. It acted as support throughout March and April 2024. A successful retest of $0.60 would mean CRYPTOCAP:XRP prices are likely to make their way to the April 9 high of $0.6431. The altcoin faces resistance at $0.6336, a level that it has failed to break in the past two weeks.
by DEXWireNews
RIPPLE - Price can little correct and then continue to growHi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊 Some days ago price entered to falling channel, where it broke $0.6580 level, which coincided with resistance area. After this, price fell to support line of channel, but at once bounced and reached resistance line of falling channel. Next, XRP bounced down to support level, which coincided with support area, exiting from channel and entering to flat. In flat, price reached $0.6580 level again, but then bounced and in a short time declined to $0.5715 support level. Recently, Ripple bounced from this level and started to grow, and now I think that XRP can make correction. Then Ripple can turn around and continue to move up to $0.6580 resistance level in flat. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
HelenP. I Ripple will continue to decline to $0.5715 levelHi folks today I'm prepared for you Ripple analytics. Some days ago price rebounded from the resistance zone, which coincided with the resistance level and made impulse down to the support level, breaking the 0.6435 level. After this, XRP rebounded from the support level and tried to rise, but when it rose almsot to the resistance level it made a correction. Then Ripple made a strong impulse up to the trend line, breaking the 0.6435 level again, but soon it turned around and started to decline in a triangle, where firstly price fell to the resistance zone and later broke the 0.6435 level one more time. Then price declined to the support zone, after which it turned around and rose to the resistance zone, but soon XRP exited from this zone, making a fake breakout and in a short time declined to the 0.5715 level. After this movement, the price made impulse up to the resistance level again, thereby exiting from the triangle and breaking the trend line, but recently XRP rebounded from the 0.6435 level and started to fall. Just now, I expect that Ripple will rise a little more and then continue to fall to the support level. For this case, I set my target at 0.5715 level. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
1
XRPUSDT.4HAnalyzing the XRP/USDT chart from a 4-hour timeframe, the market is currently in a consolidation phase, trading within a defined range marked by the support level S1 and resistance level R1. The horizontal channel pattern indicates indecision between buyers and sellers. The RSI is just shy of the 60 mark, suggesting a slight bullish bias but not significant enough to confirm a strong upward trend. The market could be approaching a potential shift in momentum as the RSI is neither overbought nor oversold. The MACD shows a narrowing gap with the signal line, implying a weakening of the current trend. The histogram reflects this indecision with minimal height bars, indicating the market could be poised for a breakout or breakdown. If the price action can sustain above the S1 level, it might indicate an appetite for a retest of the resistance at R1. A breakout above R1 could signal the start of a new uptrend. Conversely, a fall below S1 may indicate a bearish move towards the lower end of the range or beyond. In conclusion, as a trader, I would wait for a clear signal beyond this consolidation range before making any significant trading decisions. The current market condition calls for a cautious approach, with an eye on both the R1 and S1 levels for potential breakout or breakdown.
Long
by MarsSignals
Lingrid | XRPUSDT consolidating MARKETThe price of BINANCE:XRPUSDT is basically consolidating on the daily timeframe as well as on the 4H timeframe. The market has reached the top of the consolidation zone. As you can see, it is testing the top of the downward channel and resistance at 0.65000. I think the market might continue consolidating back and forth until the real breakout occurs. I expect the price to rebound from the resistance and upward trendline and then move lower to retest the support level. My goal is the support level at 0.61000. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
1
Ripple can continue to move up inside upward channelHello traders, I want share with you my opinion about Ripple. By observing the chart, we can see that the price not long time ago price declined to the seller zone, which coincided with the 0.6585 resistance level and soon broke this level, after which XRP started to trades in the range. Then price in a short time fell to the buyer zone, which coincided with the bottom part of the range and soon made impulse up to the seller zone, after which turned around and started to decline. Price declined to the 0.5880 level, and broke it, thereby exiting from range and even fell below the buyer zone, after which Ripple turned around and started to rise in an upward channel. In the channel, the price soon broke the 0.5880 support level one more time and later reached the resistance line, but then made a correction movement. After this movement, XRP rebounded and continued to move up in the channel, so, at the moment I think that Ripple can make a correction move to the support line and then rebound up to the resistance line of the upward channel. For this case, I set my target at the 0.6350 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
XRP is growing the bullish momentumXRP is growing the bullish momentum Technical Analysis: For nearly one month the price was accumulating inside this large "Triangle Pattern" The price already broke out from the pattern thus showing that the bullish momentum is rising further. Looking at the bigger picture today, BTC and ETH were supported by strong bullish volumes. These moves are supporting also the entire crypto market. The first resistance is found near 0.6300 or target zone, 0.6750 is a stronger zone and the final one is 0.7100. Let's see if the market will rise again like before. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni