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XRPUST trade ideas

This is worrying, is the rising wedge playing out?I previously pointed out a rising wedge in an idea of mine, it appears it could be forming. This really isn't good news. Targets are labelled on graph. BINANCE:BTCUSDT is also dragging the price down which makes pattern validation more likely. BTC has also broke below the neckline on the H&S (high time frames) and Double Top (low time frames). This is very concerning, how will WS market react. There is a lot of fundamentals coming out this week, this could get very bloody. People saying this is a re-test of our so called 'symmetrical' triangle. I'm still not sure. I have been scalping the patterns so either way not too bothered about price action right now but this is genuinely concerning for the future of XRP.
Short
by mithianmee
XRP at a Crossroads: Key Indicators Signal a Potential Reversal XRP is currently at a critical juncture in its price trajectory, with technical indicators suggesting a pivotal moment for traders and investors. The Moving Average indicator is reflecting consolidation around key levels, signaling uncertainty about the coin’s next move. The Price Percentage Oscillator, a momentum-based metric, highlights a potential bullish divergence, indicating a growing possibility of upward movement if buying pressure persists. This aligns with the RSI), which is hovering near oversold territory, historically signaling a potential buy opportunity for those looking to capitalize on a reversal. In the short term, XRP’s support and resistance levels are crucial. The recent dip has brought the price into a range that sits just above the $2.00 to $2.20 zone, a level that has previously acted as a strong support during market downturns. If XRP can hold this zone and the RSI remains supportive, it could provide the momentum needed for a rebound. Conversely, failure to maintain this level could result in further downside pressure, making the current crossroads significant for its medium-term outlook. Traders should closely monitor these indicators as they point to a potential reversal but also emphasize the fragility of the current market sentiment. A decisive move above resistance levels could open the door to reclaiming higher price points, but caution is warranted until confirmation signals emerge. This juncture presents both opportunity and risk, making disciplined strategies essential for navigating the next phase in XRP’s price action.
Short
by stuartdawsons
SHORT TERM analysis scalp/swing idea Oh boy.... I don't typically trade short I feel like I'm betting against my investments but I think this needs to be said .... CRYPTOCAP:XRP had a beautiful price spike yesterday if you got in and snagged it, yay you, enjoy your bag 💰 Upon analyze charts this morning I'm seeing some disturbing bearishness upon us. But with all the crazy price action yesterday I think it needs to cool so we can move forward and sustain new highs. Support Levels : The immediate support level lies around 2.3873. A break below this level could trigger further downside. The next significant support level is around 2.3154. Moving Averages : The 20-period and 50-period moving averages are sloping downwards. If the price continues to decline and breaks below these moving averages, it could signal further bearish momentum. Bollinger Bands: The price is currently trading below the lower Bollinger Band. If the price remains below this band for an extended period, it could indicate a continuation of the bearish trend. Overall Market Sentiment: A bearish sentiment in the broader cryptocurrency market could exacerbate the decline in XRP. Personally I have a short order triggering at $2.4850 with a STOP loss set at 5.52 and a take profit at $2.30, $2.25, and $2. I would be cautious entering any new long positions above $2.50, let Monday morning come before making any hasty decisions. Rather have fomo than loss imo. None of what I say should be considered financial advice. Just the outlook of a second set of eyes. Do your own research. Take what reasonates, leave the rest. All my love ❤️
Short
by canadiandefi_diva
Are we about to test new heights?Bull Pennant appears to have formed on the 1H timeframe, this would be targeting $2.6 region. If this resistance broke, the target of the pennant would be $2.8. We've also broken out of the symmetrical triangle with the overall target being $4.9 Will this pennant breakout and re-test of $2.6 or fail and fall back down to the symmetrical triangles resistance? We'll soon find out. 12H candle appears to possibly be forming a morning star doji which would signal continuation of upwards momentum. BTC also appears to be forming a morning star on 12H and has also formed a bullish pennant on 2H timeframe. Could this be the time to shine and test new heights? I'm still not sure. Some of my concerns for XRP right now is the upcoming SEC case, which could put downwards pressure on the market, we also don't know how Trump coming into office will effect the market. Will it dump then pump? We don't know. This breakout is stale, the volume has drastically decreased which is worrying. XRP has a reoccurring theme of selling false moves. $2.6 seems to be a region we're incapable of breaking. I have taken profit on my short from $2.591 to $2.48 and have now entered a long position just above the bottom of the pennants support. I've also set a tight stop loss on this due to volatile market conditions. Thank you for taking the time to review my idea, if you have any feedback please feel free to comment. All feedback is greatly appreciated.
Long
by mithianmee
XRPUSDT - neutral patternhi traders, Since the beginning of December, XRPUSDT has been consolidating and forming the symmetrical triangle pattern. This corrective structure may bring us more upside in the next days but as it's a neutral pattern, there's a probability that it will break down too. How to position yourself? 1. If the price breaks to the upside, enter the long position. Target for longs: 3,40 - 3,50$. 2. If the price breaks down, bears will target the zone between 1 and 1,20 $. In either scenario, look for the volume increase to avoid trading the false breakout. Good luck!
Long
by vf_investment
XRP ANALYSIS 🌸#XRP Analysis : Bullish Trend 🚀🚀 🚀As we can see that #XRP was making higher highs and higher lows. But finally we can see a breakout of flag and pole pattern. It indicates a bullish trend after it retest the inclining trendline. 💲💲 🔖 Current Price: $2.5454 ⏳️ Target Price:   $2.7055 ⁉️ What to do? - We can trade according to the #XRP chart and make some profits. Keep your eyes on chart price action, observe trading volume. Always observe market sentiments and update yourself everyday.🔰🔰 🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments. #XRP #Cryptocurrency #Breakout #TechnicalAnalysis #DYOR
Long
by ZEUS_Market_Alerts
XRPUSDT UPDATEXRPUSDT is a cryptocurrency trading at $2.4840. Its target price is $3.1000, indicating a potential 25%+ gain. The pattern is a Bullish Pennant, a continuation pattern signaling a potential breakout. This pattern suggests a brief consolidation before a strong upward move. The Bullish Pennant is a positive signal, indicating a potential price surge. Investors are optimistic about XRPUSDT's future performance. The current price may be a buying opportunity. Reaching the target price would result in significant returns. The Bullish Pennant pattern typically leads to a strong upward move. XRPUSDT is poised for a potential breakout.
Long
by CryptoWithJames
XRP is poised to surge toward $4 The possibility of #XRP reaching $4 is an exciting speculation, especially for traders and investors in the cryptocurrency market. Such predictions are often based on a combination of factors like technical analysis, market trends, regulatory developments, and broader crypto adoption. Here are some potential factors that could support this hypothesis: 1. Positive Regulatory Developments: Ripple’s partial victory in its SEC lawsuit has boosted investor confidence. Further favorable rulings or regulatory clarity could push XRP’s price upward. 2. Increased Utility: Ripple’s focus on cross-border payments and partnerships with financial institutions could lead to increased demand for XRP, driving its price higher. 3. Market Sentiment: A bullish overall crypto market could help XRP gain traction, especially with renewed interest in altcoins. 4. Technical Breakouts: If CRYPTOCAP:XRP breaks through key resistance levels in its charts, it could trigger a rally to $4 or beyond. 5. Institutional Adoption: Large-scale adoption by financial institutions and payment providers could significantly impact XRP’s value. Are of potential entries : 2.4 - 2.1 1.9 - 1.6 Trading Note While the prospect of XRP hitting $4 is thrilling, it’s crucial to stay grounded. Use risk management strategies like stop-loss orders and avoid over-leveraging your positions. Always base your trades on a mix of technical analysis and fundamental research. Follow me in Soroosh App soroosh.app
Long
by sorooshx
Rising Wedge (12H timeframe)Hi there, I am posting my updated analysis on BINANCE:XRPUSDT , it appears that the chart has formed a rising wedge on near enough every timeframe. These include; 2H, 3H, 4H, 6H, 8H, 12H, 1D. If this pattern confirms and breaks down from the rising wedge we're looking at the following targets for taking profit. TP1: $2.16 TP2: $2.08 TP3: $1.96 TP4: $1.82 I believe the recent 'breakout' of the symmetrical triangle isn't a break out whatsoever, I think something else is happening here. There was no reason for todays pump. No major news no nothing. This seems to be a fake out. A reversal doji formed on 2H and 3H signalling a reversal down to the triangles previous resistance, if it retests and re-enters the triangle these targets are possible. I have entered my short position on the green line, TPs are labelled.
Short
by mithianmee
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