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Rippleforecast

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!
Long
by TraderEngineering
Ripple: Analyzing XRPUSDT Current TrendsRipple has recently undergone a notable surge, ascending from $0.47 to $0.73. BINANCE:XRPUSDT now enters a consolidation phase, let's delve into a analysis of its current position and potential future movements. Technical Overview: On the daily timeframe, BINANCE:XRPUSDT is revealing the formation of a compelling rising channel structure. This pattern often indicates a period of consolidation and can offer insights into potential future price action. Key support for this channel is notably situated within the $0.53 to $0.58 range, highlighting a crucial zone. Support and Resistance Levels: Support Levels: The strength of the channel support becomes evident at the $0.53 and $0.58 levels, providing a foundation for the ongoing consolidation. Resistance Levels: Significant resistance levels are identified at various points along the Fibonacci retracement and the channel itself. These key levels are situated at $0.62, $0.66, $0.73, $0.82, $0.93, and $1.16. We should keep a keen eye on these levels as they can play a pivotal role in determining the direction of future price movements. Interpreting the Rising Channel: The rising channel pattern suggests a delicate balance between buyers and sellers. Traders will closely monitor the price action within this channel for potential breakouts or breakdowns. As of now, the channel serves as a roadmap, guiding us through the intricacies of Ripple's current market sentiment. Ripple's CRYPTOCAP:XRP is presenting a scenario ripe with opportunities. Understanding support and resistance levels, particularly within the context of a rising channel, is crucial for making trading decisions. As always, risk management and staying attuned to market sentiment are paramount in navigating financial markets. Happy trading!
by Vestinda
XRP Price Rallies as Institutions Embrace It! Picture this: a skyrocketing XRP price, fueled by the growing adoption and trust from major financial institutions. It's like witnessing a rocket launch, and we have the chance to be part of this exhilarating journey. So, grab your trading gear and let's dive into the exciting world of XRP! Now, you might be wondering, "Why XRP?" Well, my fellow traders, XRP has been making significant strides in bridging the gap between traditional finance and the digital sphere. With its lightning-fast transaction speed and low fees, XRP has become the go-to choice for financial institutions seeking to enhance their cross-border payment systems. And boy, are they flocking to it! The recent surge in institutional adoption has sent XRP prices soaring, and the excitement is palpable. As more institutions recognize the potential of this digital asset, the demand for XRP is skyrocketing, propelling its price to new heights. It's like witnessing a supernova of opportunity, and we can't afford to miss out on this remarkable ride! So, my dear traders, it's time to take action and seize this golden opportunity. I encourage you to consider going long on XRP, as its upward trajectory shows no signs of slowing down. With institutions pouring in and the market sentiment increasingly positive, the potential for substantial gains is at our fingertips. Remember, the key to success lies in staying ahead of the curve. By embracing XRP now, we position ourselves at the forefront of this financial revolution and open the door to incredible profit potential. Let's ride this wave together and make the most of this thrilling journey! To get started, make sure you have a reliable trading platform that supports XRP trading. Conduct thorough research, stay updated on the latest news, and equip yourself with the necessary tools to maximize your gains. And most importantly, trust your instincts and follow your trading strategy diligently. The world of cryptocurrency trading is ever-changing, and with the current XRP price rallies, we have an opportunity that simply cannot be ignored. It's time to take a leap of faith and dive into the exciting world of XRP! Wishing you a thrilling trading experience filled with success and prosperity! Ready to jump on the XRP bandwagon and make the most of these exhilarating price rallies? Don't wait another moment! Open an account with a reliable trading platform today and start your journey towards potential profits. Remember, the time to act is now!
Long
by bryandowningqln
XRP Shows 3 Rising Wedges - Time to Long! XRP is showing not one, but three rising wedges that have the potential to skyrocket its price! This is a moment we've been eagerly waiting for, and I believe it's time to seize the moment and long XRP. Now, let's dive into the details and explore why this opportunity is so thrilling. Rising wedges are a powerful bullish pattern that often indicates a forthcoming upward trend. XRP has formed not just one, but three of these patterns in recent days, which is a rare occurrence. This suggests a strong bullish sentiment building up among traders, making it an opportune time to consider a long position. Each wedge indicates a higher low and a resistance level that is consistently being tested. This repetitive pattern signifies that buyers are becoming increasingly dominant and are likely to push XRP's price higher. So, why should you consider long positions on XRP? Well, apart from these rising wedges, there are several other factors that make this an enticing opportunity. XRP has been gaining significant momentum lately, with positive news and partnerships driving its growth. Additionally, the overall market sentiment is turning bullish, and XRP has historically been known to outperform during such market conditions. Now, here's the exciting part: I invite you to take advantage of this incredible opportunity and consider going long on XRP. However, as with any investment, it's essential to conduct your own thorough analysis and risk assessment before making any trading decisions. I encourage you to review the charts, analyze the indicators, and set your stop-loss and take-profit levels accordingly. Remember, timing is crucial in the world of trading, and this moment seems ripe for a potential upward surge in XRP's price. So, don't miss out on the action! Keep a close eye on XRP's price movements and make an informed decision that aligns with your trading strategy. If you have any questions or need further insights, feel free to comment below. I'm here to offer support and discuss any trading ideas you may have.
by bryandowningqln
XRP Triangle Formation Signals Potential Breakout! XRP has been forming a triangle pattern, and all signs are pointing towards a potential breakout on the horizon. This is an opportunity you surely don't want to miss! For those of you who may not be familiar with triangle patterns, let me quickly explain. Triangles are a common chart pattern characterized by converging trend lines that create a contracting price range. They often indicate a period of consolidation before a significant price movement occurs. In this case, XRP has been exhibiting this pattern, and history has shown us that such formations often precede powerful breakouts. Now, why am I so excited about this? Well, fellow traders, XRP has been building up momentum, and with the triangle formation nearing its apex, we could witness a substantial price movement in the coming days or weeks. This presents an excellent opportunity to capitalize on potential profits! So, what's the call to action here? Add XRP to your watchlist and be prepared to take action when the breakout occurs. Keep a close eye on the price as it approaches the apex of the triangle, and once it breaks out decisively above the upper trend line, consider entering a position. Of course, please remember to perform your own analysis and risk management before making any trading decisions. The potential for a breakout in XRP is undeniably exciting, and it's crucial to position ourselves strategically to maximize our gains. By staying vigilant and ready to act, we can seize this opportunity and potentially ride the wave of XRP's upward momentum. Remember, timing is key in the trading world, and being prepared ahead of time can make all the difference. So, let's gear up, fellow traders, and get ready to take action when the XRP breakout occurs
Long
by bryandowningqln
XRP Set to Soar Past Target of 0.54 with New License Approval I am thrilled to share with you that XRP has recently received a groundbreaking license approval in Singapore, a major financial hub and a hotbed of innovation. This development is set to catapult XRP's value beyond our initial target of 0.54, and the possibilities are simply mind-boggling! With this new license in hand, XRP is poised to solidify its position as a leading cryptocurrency, gaining increased acceptance and adoption in the financial sector. The license approval in Singapore is a testament to the immense potential and robustness of XRP's technology, making it an irresistible choice for both institutions and individual investors alike. Now, you might be wondering, "How can I get in on this extraordinary opportunity?" Well, my friends, the answer is simple: it's time to long XRP! By taking advantage of this exciting moment, you have the chance to ride the wave of XRP's success and potentially reap substantial rewards. With the new license approval, XRP's value is expected to surge exponentially, surpassing our initial target of 0.54 in no time. So, don't wait any longer! Seize this golden opportunity and position yourself for maximum gains by long XRP today. The time is ripe, and the potential returns are too tempting to ignore. Remember, successful traders are those who dare to embrace opportunities, and this is undoubtedly one of those moments that can shape your financial future. Long XRP now and join the ranks of those who have the foresight to recognize the immense potential in front of them.
Long
by bryandowningqln
XRPUSD Analysis: Navigating Bullish Long-Term TrajectoryThe outlook for XRPUSD is under scrutiny, with a firm long-term bullish sentiment. A strategic analysis reveals key insights that we should consider for informed decisions. 📈 Long-Term Bullish Stance The long-term perspective on XRPUSD presents a bullish trajectory. This suggests potential opportunities for investors looking to profit on upward price movements. 💼 Medium-Term Scenario: Upswing and Correction In the medium term, a notable upswing is anticipated. However, traders are advised to stay cautious as a potential correction could follow. This cycle of surge and retreat demands calculated decisions. 🎯 Critical Levels to Watch Buy/Support Level: For those considering entry, a key long-term buy/support level lies within the range of $0.20 to $0.22. This zone offers a potential strategic entry poin t. Sell/Resistance Level: On the flip side, a crucial long-term sell/resistance level is identified at $3.20. It's a point where traders might consider profit-taking or reassessing their positions. 🔑 Breakout Potential: Bullrun Over 2024-2025 Remarkably, if the bullrun maintains stability throughout 2024-2025, the price might defy expectations and surpass the $3.20 resistance. This potential breakout could open doors to further gains. 🔍 The Path Ahead As the XRPUSD journey continues, prudent investors should keep an eye on these critical levels and monitor market dynamics closely. Strategizing in line with these insights can enhance your trading edge and potentially capitalize on both short-term fluctuations and long-term growth. Remember, successful trading requires careful analysis and adaptability to evolving market trends.
CRYPTO:XRPUSDLong
by Vestinda
2
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? _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
28
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.
KRAKEN:XRPUSD
by MarketIntel
1
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.
KRAKEN:XRPUSD
by MarketIntel
3
Ripple can continue to fall and break support line of triangleHello traders, I want share with you my opinion about Ripple. Looking at the chart, we can see how the price made a big fake breakout of the resistance area, bounced back and started falling. After breaking through the support level 0.5275, Ripple made a deep correction, tested the current resistance level and continued to move down. Reached the level 0.4810, the price changed direction, began to rise and re-tested the resistance level 0.5275. Over time, Ripple created a symmetrical triangle and trades inside. We see how the price has re-tested the resistance line of the triangle and decreased. Ripple is currently trading below the resistance line, but could rally and retest it. I think that after a possible retest, the price can continue to fall and break through the support line of the triangle. After a possible breakthrough, Ripple can continue to decline, so I set the targets at levels 0.4980 and 0.4900. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
11
Ripple XRP price is trying to grow. How long will buyers last? While almost the entire crypto market is trying to correct and prices are falling, the XRPUSDT price is trying to grow. Well, XRP buyers can afford the growth now, given the fact that in the previous months, while the entire market was growing, and some assets even made +Xs, the XRPUSD price did not fall at least) That's how they are "crypto-anarchists" who believe in Ripple) But seriously, the first resistance from above is near $0.415 And if we look at the XRPBTC chart and the room for growth We can assume that the XRP price will be able to reach $0.50 in the near future. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
73
XRP vs SEC: Latest Update & Price WatchHi Traders, Investors and Speculators of the Charts 📈📉 In a previous post, I discussed the fundamental impact of Harvard declaring that XRP and XLM will be the future of payments (yes, this really happened) : The latest update in terms of the SEC case against Ripple, is potential Ripple win against the SEC after the attorney said the SEC has admitted that Ripple is a software code. Forbes columnist who’s diligently tracking the Ripple/SEC case has requested access to the Hinman speech as she believes it to be game-changing for the entire crypto industry. An XRP enthusiast noted that Ripple’s sale of XRP since 2019 has only been for ODL transactions, thus, they won’t constitute for being a security. As per the latest development, Forbes journalist Dr. Roslyn Layton has filed a motion for intervening and seeking to access the document of Hinman’s speech from the court. Although assets like Ethereum (ETH) have stayed outside the SEC jurisdiction, Ripple is facing a billion-dollar fine. “That inconsistency has given rise to grave concerns about potential conflicts of interest, because Hinman had a financial stake in promoting Ethereum to the exclusion of competing coins like XRP,” she added. Ripple has been arguing that the former SEC chief Hinman said in 2018 that Ethereum isn’t a security. Thus, the same rules should be applicable to Ripple, argues the blockchain startup. While speaking at the WEF 2023 summit earlier this year, Ripple CEO Brad Garlinghouse said: When those come to light, I think you’ll see more how it is possible that the SEC decided to bring a case against Ripple, given what they were saying within their own walls. When I had to decide how I will label this post (bullish or bearish), I pulled up my favorite technical indicator: The Phoenix Ascending. This indicator contains the RSI, EMA, LSMA and momentum. From the FA, we can see that the short term buying pressure has picked up, therefore I expect more upwards price action for the short term: Remember the saying; buy the rumor and sell the news. I believe this is what's happening now on the charts, considering the positive outcome of the last hearing. Ultimately, I remain a believer and I am still fundamentally bullish on XRP for the future. Interested in more altcoins with good trade setups? Checkout this idea: _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
27
XRP'S Ripple consolidation coming to an end?! 06.02.2023Really simple stuff. Take the technicals combine it with SEC lawsuit looking very positive for Ripple (The prosecutors basically admitted that XRP token is not a security, making the lawsuit invalid). On another fundamental bullet point we have the XRP ledger paving the way for tokenization as it continues to mount up popularity. The technical aspect shows a descending trend-line since mid last year being tested 6 times and 2 ascending trend-lines converging since November, December last year, tested a combined 6 times - Classic consolidation. **The resistance of consolidation is around 0.415-0.42, a breakout with weekly candle open higher could be the firing shot to a huge rally back to ATH and more. **The support of consolidation is around 0.39-0.38, a breakout below could revert price back down to lows of ~0.30 and below in case XRP loses the trial (very low odds according to info out) is probably the only viable reason for XRP to break consolidation down. RSI 14 shows plenty of breathing room to continue to rally with ease. Pay attention and do not miss what could be x10 gains and more very quickly once consolidation breaks up consistently with weekly candle open. --------------------------------------------------------------------------------------------------------------------------------- I encourage you to do your own research and trade with caution. Thank you for reading and let me know if you have any questions or comments, highly appreciated! ---------------------------------------------------------------------------------------------------------------------------------
BITSTAMP:XRPUSDLong
by Exactus
9