XRP will it break? Resistance or SupportWill it pull back based on the double top zone and continue going up or will it go beyond to the neckline to short? Let's see.
#newbieanalysis
XRPUST trade ideas
Ripple (XRP): brief price analysisXRP broke above the immediate resistance of $0.58 on Aug. 19, clearing the path for a rally to $0.64.
The 20-day EMA ($0.57) has started to turn up gradually, and the RSI is in the positive territory, indicating that the bulls have a slight edge. If bulls overcome the $0.64 resistance, the XRP/USDT pair is likely to pick up momentum and rally toward $0.74. The bears are expected to fiercely defend the level.
The 50-day SMA is the crucial support to watch out for in the near term. A break below it suggests that the pair may remain stuck inside the $0.46 to $0.64 range for a few more days.
XRP is still downAs in my previous idea I have shared that xrp will go down it has touched my target level and now it will touch it again, so it is still valid trade. BTC is also in down trend after touching 62,718
Is $XRP ready to break the resistance?If #XRP breaks the old resistance of this triangle forming, I can see a very good opportunity for a buy zone.
That can push CRYPTOCAP:XRP to the beginning of the ATH levels!
XRP (Crypto Ripple-USD) SELL TF H1 TP = 0.5730 On the H1 chart the trend started on Aug. 20 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 0.5730
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
XRP: Sell stop 1. Key Zones (Support and Resistance)
- Resistance Zone: At the top of the chart, a zone around 0.6088 is marked as a strong resistance level. This level shows where the market previously attempted to break through but failed.
- Middle Zone: This area around 0.5796 acts as a key support and resistance level. It can be a critical zone for market decisions.
- Support Zone: At the bottom of the chart, a support level is marked around 0.5525, which may prevent the price from falling further.
2. Trade Entry Signal
- Red Zones (Supply Block): In this chart, a red area represents a short-term supply and resistance zone. Entering a short trade is reasonable if the price fails to break this zone and moves downward.
- Entry Point: 📉 The entry for the trade is suggested at 0.5917, which aligns with the supply and resistance block, making it a suitable point for initiating a short position.
- Stop Loss: 🚨 The stop loss is set at 0.5974, indicating that if the price reaches this level, the trade would be invalidated, and the trader should exit.
- TP1, TP2, TP3 (Target Prices):
- TP1 is set at 0.5844, which is the first target for taking profit from the short trade.
- TP2 is set at 0.5764, marking the second target.
- TP3 is set at 0.5680, which is the final target for closing the short position.
3. Confirmation or Invalidation of Analysis
- If the price moves upward and breaks the red resistance zone, reaching above 0.5974, the short trade setup would be invalidated, and traders should reconsider their strategy.
Conclusion:
Based on this chart, there is a clear signal for entering a short trade with an entry at 0.5917 📉 and a stop loss at 0.5974 🚨. If the price moves downward, the identified target prices (TP1, TP2, TP3) provide potential exit points for taking profits.
XRP Will go down from hereAs it has made the retracement and showing downward movement because btc is also in downtrend
SIMPLE STRATEGY IOTX has followed our analysis from the 4hrs timeframe and broken structure to the downside.......sells confirmations on the 15min orderbloock.....💀💀💯💯
XRP Weekly Chart Opinions XRP Weekly Chart Opinions are BULLISH
NOTE:
These are just my opinions. My messages or chart analysis are
NOT intended as a recommendation to buy or sell any FX, cryptocurrency or asset.
Do Your Own Research.
XRP longXRP broke trough the descending trendline. Asset broke trough the resistance level. Bullish movement to resistance level at 0.656 is expected to happen.
XRP Golden CrossXRP crosses its ma200 and ma50 which signals a significant bullish momentum for the coming days. The MACD also starting to cross the upside trend. There's also a possible continuation of this bullish momentum and a rally toward the previous ATH if it cross the wedge on the weekly timeframe.
XRP Major Breakout: Is Next Price Target Will $1.22?Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions.
The cryptocurrency market has been characterized by volatility and uncertainty, but one digital asset is currently turning heads: XRP. Technical analysts are buzzing about a potential game-changing breakout as the altcoin displays a classic bullish Symmetrical Triangle pattern on its weekly chart.
The Symmetrical Triangle Pattern
A Symmetrical Triangle is a chart pattern formed by converging trend lines connecting a series of lower highs and higher lows. This pattern often indicates a period of consolidation before a significant price move. The direction of the breakout, upwards or downwards, determines the subsequent price action.
In the case of XRP, the Symmetrical Triangle has been forming for an extended period, suggesting a substantial amount of energy building up within the pattern. If the price breaks out to the upside, it could signal a powerful bullish move.
The Bullish Case for XRP
Several factors contribute to the bullish sentiment surrounding XRP. Firstly, the ongoing legal battle between Ripple and the Securities and Exchange Commission (SEC) has been a major catalyst for price volatility. While the case is still ongoing, recent developments have injected a sense of optimism into the XRP community.
Secondly, XRP's underlying technology, RippleNet, continues to gain traction in the global payments industry. As more financial institutions adopt Ripple's solutions, the demand for XRP as a bridge currency could increase, potentially driving up its price.
The Potential Price Target: A Jaw-Dropping Figure
Based on the Symmetrical Triangle pattern and historical price movements, some analysts are predicting a mind-boggling price target for XRP: $1.22. Achieving this level would represent a significant increase from current prices and would undoubtedly shock the market.
It's important to note that price targets are estimates based on technical analysis and should not be taken as guaranteed predictions. The cryptocurrency market is highly volatile, and numerous factors can influence price movement.
Conclusion
XRP's bullish Symmetrical Triangle pattern has captured the attention of traders and investors alike. If the breakout occurs as anticipated, it could trigger a substantial rally in the price of XRP. However, it's crucial to approach this potential move with caution and conduct thorough research before making any investment decisions.
The cryptocurrency market is constantly evolving, and new developments can emerge at any time. Stay informed, manage your risk, and consider consulting with a financial advisor to create a personalized investment strategy.
XRP looks like going upsideEnter:0.5855
TP1: 0.6250
TP2: 0.7000
SL: 0.5555
Hint: when first target touched bring the stop lost at the entry point
XRPUSDTAfter reaching one of the key targets on Bitcoin (you can find this in my previous idea on my profile), I expect a short-term appreciation in both XRP and Bitcoin. Again, you can view the full idea about Bitcoin on my profile. I recommend considering a short-term accumulation of XRP on a spot wallet or entering a long position on a local timeframe after a break of structure and the formation of an order block.
Ripple (XRP): Still Sitting At Resistance ZoneRipple is still sitting near the resistance zone, looking for another sharp rejection from here.
As you remember previously, we have caught some nice sharp moves on the XRP coin, so we are looking for another similar movement to happen, so eyes open now!
Swallow Team
XRPUSDTIt appears XRP did find a new range after its previous impulse few days back, I'm expecting a swing back to the range before we further action atm.
Chill ya'all.
Xrp usdt sec So it’s been olmost two weeks and those scam bugs from the sec have not yet given a public statement on the case ending with ripple . There are not required to do it but they do it every time a big case like this ends . I don’t know why have they not yet given a public statement maybe they are still deciding on wheather to appeal or not , they Have until October 7 to appeal if not then the case would 100% officially be over .
XRP/USDT 4H IntervalHello everyone, let's look at the 4H chart of XRP to USDT, because you can see that the price has broken out of the descending triangle.
Let's start by setting goals for the near future that we can include:
T1 = $0.59
T2 = $0.63
T3 = $0.68
AND
T4 = $0.71
Now let's move on to the stop loss in case of further market declines:
SL1 = $0.56
SL2 = $0.50
SL3 = $0.47
AND
SL4 = $0.42
Looking at the RSI indicator, we can see that we are staying above the upper limit, which may indicate an attempt at price recovery.
Big Runner - Running'Big Runner' - This pine script strategy is available in my scripts section and is fully open source, here it is performing algorithmic trades on SPX 4hour timeframe.
This strategy works seamlessly with any instrument, showing visuals on the chart for moving averages and ribbons to execute Long and Short trades.
I'm working to update it's script to further improve its use case.
0.5723 next possible target (OB trading)Don't forget to put a SL at the level of the higher of the OB (or middle).
Ichimoku + Order blocks in m15, price toward 0.57 ?I think that the price could go to 0.5702.
Here are 2 order blocks that I identified.
XRPUSDT D Bullish Setup:50% fill of the FVG,POC,liquidity poolsTechnical indicators suggest growth. There is a possibility of a growth reaction from the 50% fill of the imbalance, POC, liquidity pool with a liquidity sweep below the previous low and the completion of a truncated fifth wave of Elliott. Liquidity pools have formed above, which will act as a magnet for the price. This scenario will be invalidated if the price consolidates below the POC. Then, expectations for the price are in the order block (OB) zone.
