XRPUSDwe still trading side ways and the squeeze is getting tighter, we should get a clear indication which direction we going, we stay patient!
XRPWCRO_E83FFA.USD trade ideas
How XRP Reacts to BTC Halving Events. I believe the settlement will be wrapped up in July 2024. Price is determined in a manner similar to a TV guide; it's booked years in advance. There is no organic price movement, and if someone makes a change in price from a large purchase or sell-off, the algorithm that controls these markets will make the necessary adjustments to keep the price on schedule, to which it's programmed to deliver. This is also why any price pump that occurs is accompanied by a reasonable excuse, like the BlackRock ETF, which was not real, but excuses will be made to protect the fact that the price is not organic and is being delivered by an algorithm that operates on a schedule. The random pumps we see XRP having appear to be more of a method of delaying price to keep XRP on schedule by Pumping price upwards and delivering price slowly downward to buy time to rebalance the algo so that it gets back on schedule. Whoever controls these markets knows exactly when the pumps will occur.
We have some things to look out for.
1. Santa Rally near Christmas, $1-2.
2. If no rally in 2023, then look for our pre-settlement pump in mid-March 2024 to mid-April 2024. This is the window I'd look for some significant movement.
3. XRP is experiencing a flywheel effect, gaining speed faster and faster. We can see this when we observe how XRP reacts to BTC halving events. This most recent halving event is why I made the green box only a 4-month pump window, because with each halving, the price increases in the speed it's being delivered by the algorithm.
Once the direction is set, there will not be opportunities to just 'sell off and get back in' at a low price. It simply won't happen. Too much utility is being implemented, and fundamentals have been built up during this lawsuit period. When XRP has clarity, it needs to be a high price for XRP to operate efficiently, so when the floodgates open, it will be a clean shot upward.
✴️ XRP Within 6 Months (120% Higher?) +2 Correction ScenariosBoth scenarios would produce a higher low...
How are you feeling today my friend?
It's been a while since our last update, I hope you enjoy the next.
Let's look at two (2) correction scenarios for XRP that might not play at all, since XRPUSD can grow when Bitcoin corrects and it can deviate from the norm anytime, any day but this is the general feeling as the chart is looking today.
Bullish Trend + Bullish Wave = Higher Prices
This is the end game. This where we are at currently, which is the bigger picture.
There is no bearish scenario for this pair that goes beyond a strong, sudden or surprise correction.
A normal scenario can be a retrace but we are already there... Volume dropped since July and we have a triangle-top and this has been a pattern leading to lower prices always, only to end higher after all is set and done.
Let's try something different... What would you like to know about XRPUSD?
➖ How is this pair going to be looking in 6 months time.
XRPUSD can be looking at a challenge of July's high.
It can be trading around those prices with a strong bullish bias.
It can be there because it pierced higher and is producing a retrace but overall it would be about 50% higher than what we see today or 85% (blue) to 120% (red) higher if one of these correction scenarios becomes the future.
➖ What's the long-term potential.
Around $5 is the result of past calculations but you would need to look at around and find the old charts.
If we go into a super-cycle it can be something impossible to guess... But the future is bright, expect to see more than anything you can think of or guess.
➖ How are you doing?
Great! Thanks for asking.
Thanks a lot for your continued support.
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It is all free and a clean perspective.
100% Original.
Namaste.
XRPUSD to move higher if breaks above falling wedge...GBPUSD
The price is currently above support/resistance structure, and price is currently attempting to break above the falling wedge, If price manages to break above the trendline I expect the price to move higher...
Trade Wisely
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
XRP replaying the 2020 move again but in a bigger way! Weekly timeframe: After observing XRP charts for a long time, I have noticed that XRP repeats many of the same patterns when you scale down to lower time frames and look closely enough.
I believe we are currently within the same move that occurred between 7/13/2020 and 11/23/2020, but many have missed seeing we're within this same move due to the fact that the move is so much larger in scale. It's easy to miss, but when you see it, you can recognize the strength of the upcoming price surge, it has the same peaks, same roll over and delay.
If you would like further confirmation that we are within this move right now, scale down to a lower time frames between 7/13/2020 and 11/23/2020. Look at each candle, how they closed, and look at the peaks that formed & the roll over & the delay period and then match them up & compare it to the current surge between 11/23/2020 and 5/9/2022.
This period of time is the peak and roll over then look at the delay period again that we're in now, which is like a consolidation period before a big move, same as the move that happened in that box during the year 2020 before the price pumped.
You will see that they are nearly identical moves. This move, as I mentioned, is much larger in scale. The only difference in this recurring pattern is that we will not have a lawsuit starting, but the lawsuit will be ending at the end of this move. Compare both moves (The peak and roll over and delay period exactly as they are) and you will see what I'm talking about and how closely they match.
So, understanding the large scale of the move we're in, combined with the settlement approaching, you can clearly see that the price is primed to make an explosive move upwards.
We would not need to worry about the correction we saw in this 2020 move because that was Clayton starting the lawsuit, but this time it will just be a clean pump, which many could also say this is specifically the period of time when everyone looking for cheap entries is priced out forever.
Many say they are waiting on settlement to make their move, but the problem is you'll wake up to news, but the price already pumped on you or we pump before settlement and then again after settlement pricing people out further plus it's during a BTC halving so many things are happening at once here. It will be explosive.
News is always after the fact, and if you're investing using the news, you're already too late and missed out.
Good luck out there and remember NFA just my own speculation.
Potential XRP Cup and Handle pattern on daily chart w/ price New to chart analysis and have been looking at the XRP chart, specifically the daily chart. I'm seeing a cup and handle pattern potentially playing out (yet to confirm) with the projected price topping around .92-.93 cents which coincides with 3 local tops (circled). What are your thoughts? Is the long term trend line I'm drawing correct?
XRP army backed by USDfolks new analysis on xrp we heading toward
0.968 usd …. this how i look it near term …
actually now petro dollar erra is finished guys now crypto dollar is begins means FED is now backed by crypto this means if there is no buyer for usd for oil they need buyer for crypto usd dollar. so bubble neen grow more and more this immedately near term crypto market cap above 10 trillion usd …. they gonna keeps pressure on Gold real store of value….
XRP looking confident above the top trendlineThat pink trendline is super clutch and xrp has closed a daily candle over it with confidence. Bodes well for a breakout confirmation imo. 3 current short term targets to hit here from 3 different patterns with the top one being 91 cents. I’m guessing the blue descending trendline will provide at least some initial resistance though.
God candle incoming for XRP?XRP is ready to fly. This time everything is on deck for a massive rally.
Profit taken from lows now expecting drop.My primary is that b wave retrace done now at 1.618 extension so next is drop for assumed c wave of abc higher for 5 (or deeper drop if we are expanded abc still to complete wave 4 - this is my alt.).
XRP (Crypto Ripple ) Buy TF D1 TP = 0.6878 On the D1 chart the trend started on Nov. 26 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 0.6878
But we should not forget about SL = 0.5686
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, WeBelieveInTrading
Update: XRP is about to take off to the moonThis is an update to my previous chart about XRP H&S. Today XRP confirms a breakout. The Daily and weekly timeframe are BULLISH.
Break away from the pattern..We've definitely had a clear break away from the structure of my predictions here but I still have further expectations that we'll run along with the trajectory of the downtrend in the long-term. Not that I'm not enjoying these green candles 🤩💲
💥 XRP NEWS AND THE BREAK OUT! 💥💥 Hope you guys are doing well today! It's definitely been a busy week as usual but I'm real happy to be able to get the chance to post today! And what a sight for sure! Sure most of you have already heard about the XRP news so we'll delve into that real quick alongside some technical. Thanks for tuning in!
💥 Got some pretty good news this week with Uphold announcing the launch of a self custody wallet which will be going by the name 'Vault'. The wallet will support the XRP token as well as offer features to enable users to access their wallets should they ever lose their private keys.
💥 To put that into perspective Uphold has over 10 million customers across 140 countries even operating in the U.S and making sure to keep in line with state regulators. With the wallet to be launched in Beta eventually other tokens will be integrated such as Bitcoin though the news along has been a great catalyst for XRP with us only being 3% away now from toppling Binance coin which in itself would be a significant feat.
💥 In my last idea I noted that we'd likely need a catalyst for XRP to gain some more ground as usual and with that news having come through now it's good to see the market reacting alongside analytics of new user account growth. I mean wow, we even had Roblox add in XRP as a support payment last month. Crazy to see XRP continue it's journey.
💥 We'll do a quick technical then below and end it off there after to keep things short for today. And below today's chart with the add-ons and everything from the last post we shared just to give reference to the fact that we haven't added anything new.
💥 Again the above is today's chart before we added anything else. And now here's today's.
💥 Nothing new has been added, we simply extended the consolidation channel and the horizontal levels are the same as ever, XRP simply sticks to the technical very well thankfully, can see that clear resistance at 0.65 with us having gotten rejected twice before forming that higher high on the 3rd attempt with the uphold news helping no doubt.
💥 XRP did break out from the consolidation channel over the couple days following that sort of tug a war with us managing to avoid losing the 200 EMA as volume spiked and a lot more buyers seemed keen to enter at higher prices thanks to news and a change in sentiment, no doubt from a range of factors.
💥 Looking like we'll have a tough time breaking 0.67 with resistance already hitting on the 2 hour though that seems more like exhaustion and a lack of buying power up here as buyers contemplate on whether or not to buy following the relatively quick price rally this week, no doubt we're at that level of hesitance and the main driver is sentiment understandably.
💥 I see bulls targeting 70-80 cents understandably though for that we may just need a bit more news as again, we're at the point of uncertainty. Already seems like we're possibly reversing some or hitting that retracement button following the big move amongst which I'll be keeping track of 0.649 and 0.624 on the horizontal levels for support. No direction today, we already know XRP is pretty volatile after these announcements and it'd be best to give things time to settle depending on your position.
💥 Leaving my thoughts there for now, I've got a lot going on today and I wanted to keep this short. Thanks for stopping by as always, I've linked the article in reference to the Uphold news below for any who may also like to check that out. Anyway that's all for now, thanks for stopping by as always and wishing well till next!
~ Rock '
Uphold Reference link:
www.theblock.co
