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XRPUSDT trade ideas

XRPUSDT / TRADING INTO ASCENDING CHANNEL - 4H XRPUSDT / 4H TIME FRAME HELLO TRADERS Currently Market Analysis: The asset is currently trading below the critical turning level of 0.54, indicating that it is under downward pressure. This suggests that bearish sentiment is dominating the market, with sellers outweighing buyers. The price is attempting to retest the turning level of 0.54 before potentially continuing its decline. Downward Conditions: As long as the price remains below the 0.54 level, it is likely to experience further declines, If the price fails to break through this resistance level, it may drop toward the next support level at 0.51. A break and stabilization below 0.51 would signal further bearish momentum, potentially pushing the price down to 0.48 , Bearish volume and weak buying interest below the 0.54 turning level would contribute to the likelihood of continued declines. Upward Conditions: For a potential reversal and upward movement, the price must decisively break through the 0.54 turning level, A break above 0.54 could shift market sentiment to bullish, allowing the price to rise toward 0.57, which serves as the next key resistance level , If momentum continues, the price could extend its gains toward 0.59. Positive market catalysts, strong buying volume, or bullish indicators could support this upward trajectory. Turning Level : 0.54
Short
by ArinaKarayi
1
Lingrid | XRPUSDT Possible Opportunity to Short the MARKETBINANCE:XRPUSDT has been in a bearish trend for the past three weeks, creating by lower lows and lower closes. On the daily timeframe, the price action is in a significant consolidation zone between the 0.62 and 0.50 price levels. As the market continues to push down towards the bottom of this range, I believe there is a likelihood of a retest of the support area. If we examine the 0.550 zone closely, we can see that it has been respected multiple times in the past. If the market shows a rejection at this level, it could present a solid opportunity to short, anticipating a retest of the bottom of the consolidation range. My target is support zone around 0.50 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
5
XRPUSDT / REMAIN BELOW ASCENDING CHANNEL - 4HXRPUSDT - 4H HELLO TRADERS Tendency , prices is under downward pressure , until trading below turning level at 0.58 . The prices are currently trading below the ascending channel and are likely to attempt a retest to reach the turning point at 0.58 before beginning a decline toward the support level at 0.54, with a further drop expected down to 0.52. However, if the 0.58 level is broken and a 4-hour candle closes above it, the price may rise toward the first resistance level at 0.62, and potentially further to 0.65 KEY LEVELS : Turning Level : 0.58 . Resistance Levels : 0.62 , 0.65 . Support Levels : 0.54 , 0.52 .
Short
by ArinaKarayi
2
XRPUSDT / TRADING BELOW FVG - 4H XRPUSDT / 4H TIME FRAME HELLO TRADERS Tendency , prices is under downward pressure , until trading below turning level at 0.58 . Downward Condition : With the price holding steady at the current turning level at 0.58 , it is likely to decline towards the support level of 0.55. If it stabilizes below this level, it could then reach the next target level of 0.51 . Upward Condition : for an upward , a potential is expected if the price breaks the turning level at 0.58 , leading to a rise toward the resistance level (1) at 0.60 . For a sustained increase, the price must breaking the resistance level (1) to reach the next resistance at 0.63 . TARGET UPWARD ZONE : RESISTANCE LEVEL (1) : 0.60 . RESISTANCE LEVEL (2) : 0.63 . TARGET DOWNWARD ZONE : SUPPORT LEVEL (1) : 0.55 . SUPPORT LEVEL (2) : 0.51 . TURNING LEVEL : 0.58 .
Short
by ArinaKarayi
XRP Descending Channel TargetDo you remember this chart? We have a descending channel and we continue to experience lower highs... This lower highs eventually lead to a lower low and this is happening now. The last three days closed bearish/red. Yesterday, the day started green but ended red after two days red. This is normaly a major bearish signal. Because it confirms the continuation of the bearish action. If two days close red and the third green, the bearish bias weakens. But two days closed red, the third starts green and moves higher but later before the session closes, it reverses and closes full red. It means the bears won and now lower prices are basically confirmed. Since we are using a channel, expect the lower trendline to be challenged, but it can go lower depending on how the rest of the market behaves. If the crash is really strong, it can go much lower. But, as usual, after the bearish wave is over we will definitely see growth. Namaste.
Short
by AlanSantana
4