Bullish Descending TriangleHi there,
The price has formed a bullish-pennant on the 1-D timeframe as-well as what appears to be a bullish descending triangle. If it manages to breakout we could be looking at $3.8 heading into the New Years. The Stoch RSI has crossed on the 1-D timeframe and the RSI is also heading in that same direction which would then signal a golden cross which could signal a bullish movement. At current time of posting this the RSI sits at 54.84 to 58.79, it's coming close to forming that golden cross. Lower timeframes are looking healthy. Consolidation is essential.
The apex of the bullish descending triangle would coincidentally be around New Years Eve. The apex for the pennant is also coincidentally on the 21st January; Donald Trumps Inauguration. It seems as if it was written in the stars. Who knows what could happen and who knows, I could be awfully wrong.
With the SEC chairman being replaced and the possibility of the lawsuit being dropped XRPs future is bright and filled with ups and downs, but I will be there all the way along the journey.
Not financial advice.
Thank you for taking the time to look at my idea :)
XRPUST trade ideas
XRP/USDT25-12-2024 G-Money's short version technical analysisXRP/USDT 2H G-Money's short version analysis based purely on technical analysis only, no nonsense or "BS". I do totally ignore any fundamental analysis, technical analysis only
XRP/USDT still kinda on the watchlist waiting for a signal to enter trade. Some early/partial entries are done as well already. Still waiting for crossing & closing candle over "entry" level...
What do you think?
Chart is itself explaining. Kept a "KISS" approach all the way ( "Keep It Simple, Stupid") & beginners friendly... ;)
I do hope that nobody ignoring SL ( Stop Loss) ! Without it, It is a fastest way to loose hard earned money...
;)
Trade safe & don't do "gambling". In the end it never pays, not worth it to risk loose all your $...
PS: above technical analysis is done for the community & educational purpose only! It is not a financial advice. Just share my very own insight to it.
This Technical analysis is my Christmas "Present" for You ! Merry Christmas to ALL !
XRP Poised for Sideways Ahead of Potential Breakout (XRPUSDT)XRP seems likely to move sideways for another couple of months, forming a handle following the completion of a cup pattern. The appropriate point for the next significant move could be around the 50% Fibonacci retracement zone. Notably, XRP has already broken out on the monthly chart, adding further strength to its bullish potential.
XRP JUST IN! Tom Lee’s Bold Prediction: $10 or $35🚨 XRP JUST IN! Tom Lee’s Bold Prediction: $10 or $35 for CRYPTOCAP:XRP ? 🚀
Tom Lee, a renowned crypto analyst and co-founder of Fundstrat Global Advisors, has turned heads with his optimistic forecast for XRP, Ripple's digital asset. According to Lee, XRP could surge to $10-$35, depending on critical developments in the crypto market and regulatory landscape.
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🔑 Key Factors Influencing XRP's Potential Growth
📜 Regulatory Clarity:
The Ripple Labs vs. SEC lawsuit remains a game-changer. This case, which debates if XRP should be classified as a security, could reshape XRP’s future trajectory and its regulatory standing.
💳 Market Adoption:
Wider use of XRP in cross-border payments and partnerships with financial giants could boost demand and drive prices higher.
⚙️ Technological Advancements:
Improvements to the XRP Ledger and new innovative features may enhance investor trust and attract a broader user base.
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📊 Current Market Overview
Price: $2.21 (as of Dec 23, 2024)
📉 Change: Down 3.07% from the previous close
Intraday High: $2.28 | Low: $2.13
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🧐 Conclusion
Tom Lee’s prediction of XRP hitting $10 to $35 is bold but hinges on:
✅ Favorable regulatory outcomes
✅ Growing adoption by financial institutions
✅ Continuous innovation
🚨 Investors Alert: Cryptocurrency markets are highly volatile. Do thorough research before making any decisions!
📌 Disclaimer: This content is for informational purposes only and is NOT financial advice. Always Do Your Own Research
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💸 Where do you think XRP is headed? Share your thoughts! 🗨️
RIPPLE's Recovery Phase📊 XRP has consolidated around $2.14, showing strength near the $2.00-$2.05 support zone.
✅ With this support likely to hold, the price appears positioned to rebound toward $2.38 and $2.60 as it begins to break out of the current downward trendline.
⚠️ Trading involves risk; assess carefully before taking action.
XRP Analysis – December 23, 2024Hello, this is Greedy All-Day.
Today's chart analysis is on XRP.
Daily Chart Overview:
Looking at the daily chart of XRP, we can see that since December 1, 2024, the chart has been forming a pennant pattern. As per the pattern's characteristics, we should look for either a breakout above resistance or a breakdown below support. Until that happens, the general approach is to remain on the sidelines during the consolidation phase.
Currently, the price is still within the pattern, so there is no clear direction yet. Although we’re seeing some correction, we cannot call this a full correction just yet, as the consolidation may simply be a brief pause before a potential continuation of the upward move. The concern is the red box area, where the Lagging Span (or Lagging Line) is about to break through the candles. If this occurs, the Lagging Span may face resistance from the candles above.
For the trend to continue upwards, we need the price to stay above the middle of the pattern. If not, we might see a weakening of buying pressure.
Risk of a Pennant Breakdown:
If XRP breaks down below the pennant pattern, the next support level to watch is at 1.847. Should this level also be broken, it could complete a descending triangle, with a target around 58% lower. As you can see, this is close to a key resistance level from the previous upward movement. Therefore, breaking below 1.847 is critical.
Further Historical Data Analysis:
Looking at more historical data on the daily chart, we can see that XRP previously broke above a major resistance level (the red box) and tested it as support before rebounding. However, if XRP breaks below 1.847, it will likely enter a consolidation phase after completing a new pattern. In the past, the next frame showed a significant drop toward 0.766 after a similar strong rise. This suggests that a sharp decline is highly likely if the current breakout fails to hold.
This analysis highlights the current critical levels for XRP. The next steps depend on whether the price can maintain its position above support or if a breakdown occurs, potentially leading to a more significant drop.
Conclusion:
In summary, XRP is currently in a pennant pattern, and we need to watch for a breakout above resistance or a breakdown below support. While there’s still potential for an upward move, the key levels to watch are 1.847 and the red box area. A breakdown below 1.847 could lead to a significant decline, potentially completing a descending triangle with a target lower than the current price.
It’s crucial to wait for clear price action before taking action, as the market is still uncertain. If the price breaks lower, we could see a strong correction, but if it holds support and resumes the upward trend, it could be an opportunity for further gains.
XRP Price Update: Short-Term Dip or Buying Opportunity?🚨 XRP Price Update: Short-Term Dip or Buying Opportunity? 🚨
CRYPTOCAP:XRP is currently trading at $2.19, reflecting a slight decline of 2.43% over the past 24 hours. Despite the short-term volatility, XRP continues to shine as one of the most popular cryptocurrencies with strong fundamentals and a loyal community.
🔑 Key Levels to Watch
📈 Resistance: $2.30 (Potential short-term target)
📉 Support: $2.10 (Critical support zone to monitor)
📊 Trade Setup
🟢 Long Entry: Around $2.15, targeting:
1️⃣ $2.30 (short-term PDA)
2️⃣ $2.40 (next major level)
🔴 Short Entry: If XRP falls below $2.10, consider:
1️⃣ $2.05 (retracement zone)
2️⃣ $1.95 (lower PDA)
🛡 Risk Management
💡 Stop-loss: $2.05 to minimize downside risk.
💬 Market Insight
The slight dip in XRP may present a buying opportunity for those looking to accumulate at lower prices. Keep an eye out for recovery signals to confirm a bullish trend in the short term.
🚀 Stay tuned for updates and trade wisely!
The last bullish chance of XRP in Mid term!The price has formed a bullish flag on the 4-H time frame, and if it breaks out, it can drive the price up to around $2.9 . This is expected to happen in the new year. I don't know why this coin reminds me of BNB!!!
Give me some energy !!
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Best regards CobraVanguard.💚
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
XRP: Ripple’s Rocky Road🚨 XRP: Ripple’s Rocky Road – Can It Bounce Back? 🚨
💎 CRYPTOCAP:XRP is navigating choppy waters after recent market turmoil. The big question: Can XRP recover, or are we looking at a prolonged slump?
🔍 What’s Dragging XRP Down?
⚖️ Regulatory Challenges: Ripple’s ongoing legal battle with the SEC is a dark cloud over its future.
📉 Shifting Sentiment: Market confidence in XRP has wavered. What does this mean for its price trajectory?
⚔️ Altcoin Competition: Is XRP losing ground to rival projects, or does it still hold untapped potential?
🌟 What Lies Ahead for XRP?
🚀 Signs of Recovery?: Could Ripple turn the tide with new partnerships, groundbreaking tech, or legal wins?
💰 Opportunities for Investors: Is this dip a golden chance for long-term players, or should caution prevail?
💬 We want to hear from you!
What’s your take on XRP’s future? Will Ripple rise again, or is it time to explore other options? Drop your thoughts and predictions in the comments!
✨ Let’s spark the conversation. Your insights matter!
Short term XRP Trade PossibilityHi all given recent market sentiment, market makers are still buying BTC . Noting market makers have heavy influence over the market. They just want to take out simple liquidity and stop loss hunt retail traders. Nothing new here.
When crypto drops quick, people panic sell which contributes to the price of something dropping (many other factors to consider in crypto, but this is at face value). When stop lost hunts occur, liquidation cascades do too, never try to catch a falling dagger.
Just a quick expectation, it ranges, breaks pattern in the short timeframe due to a fkn random pump, after it absolutely pumps to the target zone, where I will look to enter shorts close to price indicated by purple verticle line at two whit lines above it (expect it can go a cent or two higher). Also, DCA entries, that's a smart idea, just don't leverage trade above what your capital allows. Chances are low you hit the lottery.
Anyways, swing trade ongoing - doing well. take profits whenever, if anything is to note it is one of the many obvious risk mitigation strategies. If you're in a trade and have profits that are 2x, take the initial investment out keep the rest for TPs or let it run with a stop loss at a critical point still ensuring your are in profit. It'll be like a free trade at that point.
NAVIGATING THE MARKET PULLBACK🚨📉 #MarketPullback: Navigating the Market Pullback 📉🚨
The market pullback has many traders and investors on edge. Here's what you need to know to stay ahead:
💡 Understand the Trend:
A pullback could be a short-term dip in an ongoing uptrend or a sign of a larger correction. Identifying which one it is can help you make informed decisions.
🔍 Opportunity or Caution?:
A pullback presents an opportunity to buy at lower prices, but only if you believe the market will recover soon. Otherwise, holding off or cutting losses might be a safer play.
⚠️ Risk Management:
If you're buying the dip, ensure you're managing your risk. Setting stop-loss orders can help minimize potential losses if the market continues to drop.
🌍 Market Sentiment:
Pay attention to news and investor sentiment. If the pullback is caused by external factors, such as regulatory changes or macroeconomic conditions, it could last longer.
🤔 Are you ready to make your move or sitting this one out? Let me know your thoughts below!
🔥📊💬 Stay sharp. Stay informed. Trade smart. 💬📊🔥