Ripple's Bullish Trend Holds Above 100-SMA with Target at $0.565FxNews — Ripple gained 3.7% today, trading around $0.533, testing the upper line of the bearish flag and the 50-period SMA.
On the 4-hour chart, today's price jump created a bullish Fair Value Gap, while the Stochastic Oscillator is nearing 80, indicating a potential overbought condition. The RSI has dipped to 65, just below overbought levels. Despite these signals, XRP/USD remains above the 100-period SMA, maintaining a bullish trend.
Forecast
Immediate support stands at the 50% Fibonacci retracement level of $0.517, backed by the 100-period SMA. If XRP stabilizes below $0.531, the price may fill the FVG near $0.517, possibly reaching $0.511. The bullish outlook holds as long as prices stay above the 100-SMA, with the next target at $0.565 after a brief consolidation.
Support: $0.517 / $0.611
Resistance: $0.548 / $0.565
Rippleanalysis
Ripple (XRP) Technical AnalysisRipple (XRP) retreated from the $0.504 support level (September 6 low), testing the 50% Fibonacci retracement level.
Indicators show a bullish bias despite the price being below the 100-period simple moving average. The Awesome Oscillator histogram is green and approaching the signal line from below. Meanwhile, the Stochastic and RSI (14) values are rising, recording 51 and 50, respectively.
Immediate resistance is at the 50% Fibonacci retracement level ($0.524). If XRP/USD closes and stabilizes above $0.524, the bullish wave from $0.487 could resume. In this scenario, the next target for buyers might be the 38.2% Fibonacci retracement level at $0.557.
Conversely, a bearish trend may be triggered if sellers push XRP below the immediate support at $0.504. If this happens, the price could revisit the October 25 low of $0.487.
XRP Price Analysis: Support and Resistance LevelsXRP has recently experienced a significant decline, breaking below crucial support levels, notably $0.4240 and $0.4150. The price reached a low of $0.3826 before beginning a recovery wave. Despite this recovery, the price is still trading below the $0.4250 mark and the 100-hourly Simple Moving Average (SMA).
Key Levels to Watch
Support Levels:
Immediate support at $0.3900
Major support at $0.3850
Potential further support at $0.3620 if the price continues to decline
Resistance Levels:
Immediate resistance at $0.4050
Significant resistance at $0.4150 (aligned with the 50% Fibonacci retracement level and a key bearish trend line)
Additional resistance at $0.4220
Higher resistance at $0.4380 and $0.4450
Technical Indicators
Trend Line: A key bearish trend line is forming with resistance at $0.4150 on the hourly chart.
Fibonacci Retracement: The price faces resistance at the 50% Fib retracement level of the recent decline from $0.4467 to $0.3862.
Analysis
The XRP/USD pair is currently consolidating losses and may struggle to break above the $0.4150 resistance zone. The presence of a bearish trend line and the position of the 100-hourly SMA indicate a bearish sentiment in the market. The immediate recovery above $0.4050 may face strong resistance at $0.4150, beyond which $0.4220 acts as the next significant hurdle.
If the price fails to breach these resistance levels, it might witness another downward movement. Breaking below $0.3850 could lead to further declines, potentially targeting the $0.3620 support level.
Recommendation
Given the current market conditions and technical indicators, the following recommendations are made:
For Current Holders:
Monitor the $0.4050 and $0.4150 resistance levels closely. Consider reducing positions if the price fails to break above these levels and shows signs of further weakness.
Set stop-loss orders below the $0.3850 level to mitigate potential losses in case of a continued decline.
For Potential Investors:
Exercise caution and wait for a clear breakout above the $0.4150 resistance before considering new positions. A sustained move above this level could signal a potential recovery towards $0.4220 and higher.
Alternatively, look for buying opportunities if the price approaches the $0.3620 support level, provided there are signs of stabilization and reversal from that point.
For Short-Term Traders:
Consider shorting positions if the price struggles to break above $0.4150 with a target around $0.3850 and a stop-loss just above the trend line resistance.
Be prepared to switch to long positions if a clear breakout above $0.4150 occurs, targeting the $0.4220 and $0.4380 levels.
Conclusion
XRP Bullish Symmetrical Pattern Breakout: Potential Gains Ahead!XRP Ledger's native digital currency, XRP, operates on an open-source, permissionless, and distributed ledger that settles transactions in 3-5 seconds. It can be sent directly without needing an intermediary, making it a convenient instrument to bridge two currencies quickly and efficiently. Currently, there is significant potential seen in XRP, as it is forming a bullish symmetrical pattern over a long time frame.
This pattern emerged after the downtrend starting on December 25, 2017, which lasted until 2020. During the 2021 bull run, price movements were within this pattern. It is expected that in the 2025 bull run, XRP will break this pattern’s resistance, leading to substantial gains. This pattern is likely to be completed in 2024 or 2025.
XRP has a maximum circulating supply of 100 billion tokens, with approximately 55.69% of the supply currently circulating. The alt season is anticipated to begin around Q4 2024 or Q1 and Q4 2025, bringing substantial volume across the market. XRP has the potential to provide significant gains, with strong support currently at $0.4496, from where a substantial upward movement is expected. If this support level breaks, the next strong supports are at approximately $0.2474 and $0.22, where a bounce is likely.
As the alt season is approaching, we expect market volume to start increasing post-October 2024, leading to noticeable market momentum. It is crucial to exit the market around Q1 or Q4 2025, as the bull run and alt season are expected to end around this time, with prices potentially near these resistance levels.
Calculations indicate that XRP's bull run targets could reach a minimum of $11.56. If XRP flips the $11.56 resistance by Q1 2025, we might see maximum targets around $14.02. Prices tend to pump unexpectedly during alt seasons, and similar volatility can be expected again. However, it is important to keep trades active while observing resistance zones and to exit long positions around Q1 or Q4 2025.
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XRPUSDT.1DBased on the provided market data, the XRP cryptocurrency is currently trading at $0.64. The Relative Strength Index (RSI) over 4 hours, 1 day, and 7 days are 69.38, 72.92, and 59.71 respectively. An RSI over 70 usually indicates that an asset may be overbought, and thus due for a price correction. However, the 7-day RSI is still below 70, suggesting that the asset is not in the overbought territory on a weekly basis.
The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day, and 7 days are 0.15, 0.022, and 0.0078 respectively. A positive MACD suggests that the asset is in a bullish phase and may continue to rise.
The Bollinger Bands (Bb) for 4 hours, 1 day, and 7 days are 0.66, 0.6545, and 0.6931 respectively. The current price is below the upper band in all three periods, suggesting that the asset is not overbought.
The support levels for 4 hours, 1 day, and 7 days are $0.6294/$0.5925/$0.5808, $0.5753/$0.5442/$0.5050, and $0.5916/$0.4852/$0.4827 respectively. If the price of XRP falls, these levels could serve as the points where the price may start to rise again.
The resistance levels for 4 hours, 1 day, and 7 days are $0.66/$0.6880/$0.7160, $0.6623/$0.7248/$0.7548, and $0.6956/$0.7550/$0.8150 respectively. If XRP continues to rise, these levels could serve as the points where the price may start to fall.
In conclusion, the XRP seems to show a bullish trend based on its positive MACD and RSI values that are not in the overbought territory. However, it's important to monitor the RSI closely as it's approaching the overbought level in the 4-hour and 1-day periods. As always, it's crucial to consider other market factors and your risk tolerance before making investment decisions.
Ripple Stronger- Ok Ripple is back.
- Maybe the SEC will one day give up trying to perma-suppress XRP market to protect the big banks.
Little facts :
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- XRP lost -96% from his 2018 ATH and bottomed hard around 0.12$.
- XRP lost only -86% from his 2021 last ATH to find a bottom around 0.28$.
- During those 2 years of bear market, XRP stayed most of the time very strong and resilient.
- Nothing was tremendous ( as it should be ), XRP just climbed with steady regularity.
- XRP stayed in the TOP5 of the Total Market.
- That's much better !
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- So what we can expect for the next bull run ( if we don't have again a FUD at the bad time )
- We have to keep in mind that XRP have 100B Supplies.
- XRP price could grow at a maximum of 7$ at the end of the next rally.
- That would be around +2400% from the 2022 last bottom.
- His MarketCap could grow around 700B$ ( same as actual BTC MarketCap)
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Happy Tr4Ding!
XRP LOOKS BULLISHConsidering the lack of drop in the timeframe we have considered, XRP seems to be in the build-up phase for another jump. Because the movement after the intended pattern was not realized
The previous scenario is declared expired and we have no bias on the analysis. The previous scenario was diametric, but we may be facing a symmetric one, which means that xrp is not ready to drop yet.
By maintaining the green range, it can move towards the specified TPs.
The safe buy range is the green range, which allows us to have a logical buy/long setup on xrp.
Do not enter the position without capital and leverage management and stop setting
XRP → Ripple Heading Down to $0.53? This May Surprise You.XRP had yet another rejection off the top of the Triangle Resistance, pushing the price down below the Daily 30EMA. The crypto market as a whole is pulling back from its recent bull run. Are we going down?
How do we trade this? 🤔
I believe the crypto market is going to reverse to the downside in the coming weeks. Refer to my recent Bitcoin lifetime analysis for those details:
What does that mean for XRP? Given the large bear candle after contact with resistance closing below the Daily 30EMA, RSI below the Moving Average, the crypto market itching for at least a pullback if not a full blown reversal to previous lows, XRP has a high likelihood of touching the Triangle Support. The short-term trade option is to short scalp the market to the bottom of the Triangle with a 1:1 Risk/Reward Ratio. I would use a small position size give we have some distance from Resistance and that this is a scalp, which is inherently higher risk but in trade for greater probability of success.
💡 Trade Idea 💡
Short Entry: 0.61
🟥 Stop Loss: $0.67
✅ Take Profit: $0.55
⚖️ Risk/Reward Ratio: 1:1
🔑 Key Takeaways 🔑
1. Contact with Triangle Resistance, falling below 30EMA.
2. Last Daily Candle Closed Below 30EMA.
3. Gap to 200EMA and bottom of Triangle.
4. RSI at 44.00 and below Moving Average, Bias to Short.
5. Bitcoin Showing Signs of Reversal. Scalp Short.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and comment if you found this analysis useful!
XRP → Quick Dip Before The Rip!? Let's Maximize Your Profits.Ripple is currently in a slight bull channel inching its way back up to the $0.64 resistance level. Will XRP break it here or fall down to the $0.58 range before breaking through?
How do we trade this? 🤔
XRP is in a bull channel, which means our bias should be long until the pattern is broken. We should be seeking a strong bull signal and confirmation bar toward the bottom of the channel, somewhere in the $0.60 range. Set a protective stop around $0.58 and a take profit at 1:2 Risk/Reward, a reasonable setup for a chart like this.
Do not be premature about entering the market, wait for the bars to close and enter when the confirmation is in to maximize probability.
💡 Trade Idea 💡
Long Entry: $0.60
🟥 Stop Loss: $0.58
✅ Take Profit #1: $0.68
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Bull Channel, Bias to Long!
2. Wait for the price to bounce at Channel Support.
3. If Price Breaks Resistance, Wait for Test of Support.
4. RSI at 53.00 at Moving Average, Indecision.
5. Target 1:2 Risk/Reward at bottom of Channel.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and comment if you found this analysis useful!
XRP Aiming for $0.73? Don't Let the Bear Channel Fool You.XRP has been marching to the downside for weeks and it would seem there's no end in sight. Except that we're currently sitting on what *used* to be a resistance zone of $0.55-$0.57. RSI is around 40, Bitcoin could fall to $35,000, the million-dollar question is (hopefully literally):
How do we trade this?
If our only point of analysis is the bear channel, then we would always be looking for a short, which is reasonable. Several other data points interfere with that bias. XRP is currently sitting on what previously was resistance that is now being tested as support; in the $0.55-$0.57 price range. We also have 4 pushes to the downside (you could argue 3 and this is the double bottom) which is a reversal signal that we should watch out for.
Bitcoin is also facing a potential pullback which as a leading indicator, could hinder XRP's ability to mobilize to the upside. The RSI is also around 30.00, a weak indicator on its own, but supports the other data points in this analysis. This is why we should wait for a bull signal and confirmation bar at support before rushing into a long position. We need that confirmation to increase our probability of profit.
Key Points
1. In a Bear Channel, but 4 pushes down complete.
2. Currently Testing Previous Resistance Turning Support.
3. Wait for Bull Signal and Confirmation
4. RSI at 30.00, Reversal to the Upside Probable.
5. Use Caution, Bitcoin could fall further and take XRP with it.
You are solely responsible for your trades, trade at your own risk!
Let us know what you think in the comment section below!
XRP will Go🛫UP🛫 by Falling Wedge Pattern⏰(1-Hour)⏰✅ XRP is moving inside the 🟡 Price Reversal Zone(PRZ) 🟡 and near the Support line ; also, XRP has succeeded in forming a Falling Wedge Pattern .
🌊In terms of Elliott Waves , XRP was able to complete the end of main wave 5 in 🟡 Price Reversal Zone(PRZ) 🟡.
💡Also, we can see Regular Divergence(RD+) between two Consecutive valleys .
🔔I expect XRP will go UP at least to the 🔴Resistance zone($0.494_$0.489)🔴 after breaking the upper line of the Falling Wedge Pattern.
XRP Analyze ( XRPUSDT ), 1-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
XRP will ⚔️Attack⚔️ to 🟢Support zone🟢⏰(4-Hour)⏰✅ XRP seems to have succeeded in breaking the Support line .
🌊In terms of Elliott Waves , XRP completed a Double Three Correction(WXY) .
🔔I expect XRP to attack the 🟢 Support zone($0.4950_$0.4820) 🟢 in the coming hours.
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🌐➕ Positive News ➕🌐:
Judge rejects SEC’s motion to file an appeal against Ripple ruling.
Crypto CEO Very Bullish On XRP Price, Sets Make Or Break Point.
🌐➖ Negative News ➖🌐:
XRP Eyes Epic Outflows from Korea's Major Exchange to Mysterious Wallet
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XRP Analyze ( XRPUSDT ), 4-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
xrp can break flag and continue to 3.41$ long time.If XRP can hold the flag and continue to increase price, and break the previous peak around $0.90, we can easily target $3.41.
Of course, there will be a lot of volatility along the way, which is great for those who want to invest in XRP long-term and spot.
XRPUSDT - nice pump i wait next pumpall information i said on video
let's see how to work my idea
if you like the idea, please "Like" it. This is the best "Thanks!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your friends.
Ripple XRP price hints at growth that is hard to believeWill the XRPUSDT price surprise us in the near future?
Such thoughts began to spin in my head while watching the "heavy" and long-forgotten BCH being pumped.
At the moment, all the prerequisites for the XRP price to start growing, organizing a way out of the classic consolidation, are visible on the chart. The only thing missing is the initial "magical kick" from big money to set the movement vector.
According to our calculations, the targets for the possible growth of the XRPUSD price are $0.75 and even $0.95, which is already x2 from the current price, which is an unprecedented luxury since 2021)
We can also think about the "conspiracy theory" :) It seems that now there is a "certain capital" allocated, which will be used to pump and "inflate" the liquidity of old and reliable altcoins, before they are announced to be listed on a new exchange "EDX Markets" for "big money trillion-dollar funds"
Since the capitalization of XRP is 5 times higher than, for example, BCH, the price pamp of XRP will be proportionally lower than that of BCH.
That is, conditionally! In recent weeks, $100 million has been spent on accelerating the price of BCH - a result of +200% to the price of BCHUSDT. If the same conditional $100 million is spent on accelerating the price of the "5 times heavier" XRP, the result of +40% will already be a good result!
Do you think that everything is just beginning, and bright times are ahead for the crypto market?
_____________________
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Ripple: Rollercoaster 🎢After the exciting rollercoaster ride during the past few weeks, Ripple has lately been showing more interest in following our primary scenario. We expect the altcoin to resume the downwards movement, heading for the support at $0.2874. Soon, our crypto friend should drop below this mark to finish wave (c) in magenta and then turn upwards again. However, there is a 40% chance that Ripple could have already finished wave alt.(c) in magenta and thus climb directly above the resistance at $0.5847 to develop wave alt.i in orange.
XRPUSDT DAILY : CUTE FOR TRADEHi Guys Hope you well.
Well, as you can see, with the pump in the past weeks, it can be said that Ripple Guard is on the rise. I have drawn two scenarios for you.
Do not forget that Ripple also has good news coming.
SecondChanceCrypto
⏰27/May/23
⛔️(DYOR)
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment.
Ripple: Dive 💦Ripple should continue the header it started from the high of wave (iv) in blue, diving into the turquoise zone between $0.3747 and $0.1720. To complete wave (c) in magenta, the altcoin should even sink below the support at $0.2874 before bobbing up again. There is a 35% chance, though, that Ripple could reject another bath and climb above the resistance at $0.5847 instead to develop wave alt.i in orange. In that case, we would consider wave alt.(c) in magenta to be already finished.
#Ripple Prices Dropping, XRP Sinks 13% as Bears Aim at $0.40Past Performance of Ripple
Like the rest of the market, Ripple is under pressure, pulling back from H1 2023 highs. XRP is currently down 13% from this week's highs. Considering the formation in the daily chart, the coin might continue plunging in the days ahead, an opportunity for aggressive traders.
#Ripple Technical Analysis
Even though trading volumes are relatively low, the drop of April 19 had high participation levels. Therefore, sellers have the upper hand from an effort versus result perspective. This preview will only change if there is a sharp high-volume expansion above this week's high. Notably, the April 19 bearish bar is also wide-ranging, coming days after horizontal consolidation from February peaks. Since there has been a confirmation, traders can look for entries to short, provided prices are below $0.53. As it is, the next target will be at $0.40, marking the 78.6% Fibonacci retracement level of the March 2023 trade range. If XRP bears continue pressing on, the coin may crash to as low as $0.37.
What to Expect from #XRP?
Sellers are in control, and prices are pulling back from March highs after extended periods of consolidation. The April 19 bear bar anchors this formation. Unless there is a comprehensive reversal, bears remain in control.
Resistance level to watch out for: $0.53
Support level to watch out for: $0.40
Disclaimer: Opinions expressed are not investment advice. Do your research.