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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
BITSTAMP:XRPUSD
by bbitar
XRP to 10usd, what about 30 cents?I frequently watch various XRP videos where individuals predict a price surge, ranging from $10 (the "less" optimistic view) to $100 or even $1000. These predictions often come with fantastical explanations about why such increases will occur. However, the harsh reality contradicts these optimistic forecasts, as XRP hasn't shown significant movement during this bullish trend. Despite an initial rise of approximately 50%, this gain has been nearly entirely offset. Analyzing the chart reveals a conspicuous presence of selling pressure, with each upward spike promptly followed by selling activity. From a strictly technical standpoint, if XRP falls below $0.5, the path to $0.3 seems inevitable, carrying a high probability of a drop to that level. The bearish scenario can be dismissed if XRP rises above $0.65, but even in such a situation, substantial growth seems unlikely. From my perspective, $1 is the most optimistic scenario for this coin, even under the best circumstances.
BITSTAMP:XRPUSDShort
by Mihai_Iacob
3
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!
Long
by TraderEngineering
XRPUSD Has it lost all of the SEC steam?Last time we looked at XRPUSD (Ripple) was 3 months ago, giving the most accurate pull-back buy entry we could get (see chart below): Following the SEC news on July 13, the price broke above $90 for the first time since April 2022 but since then started a decline which in two aggressive parts eventually broke below the 1D MA50 (blue trend-line) and hit both the 1D MA200 (orange trend-line) and 1W MA50 (red trend-line), whose range form the current Support Zone. The 1D RSI Higher Lows potentially indicate that we are forming a bottom sequence similar to January 02 2023 and June 13 2022. In fact as you can see on the chart, the pattern of June - December 2022 is quite similar to that of April - September 2023. As a result we are bullish and have a medium-term target at 0.56750 for October and long-term target at 0.9300 for January 2024. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:XRPUSDLong
by TradingShot
4
Ripple (XRP) -> Triangle ContinuationMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on Ripple. Since the beginning of 2018 Ripple Coin has been trading inside and forming a quite bullish triangle pattern which is most more often than not a simple continuation pattern. I am now simply waiting for a breakout which is roughly at the $1.4 level and then we could see another crazy pump of more than 1000% towards the upside. - - - - - - - - - - - - - - - - - - - - I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy. Keep the long term vision🫡
CRYPTO:XRPUSDLong
by basictradingtv
39
XRPUSD A healthy pull-back before reaching 0.65000.It was on December 30 2022 when we last analyzed XRPUSD and gave you a long-term buy signal at the bottom: Following that it has been trading within a Channel Up pattern starting on the June 14 2022 market bottom, so effectively for a full year. The current short-term Cup formation was last completed on January 23 and started a 6 week pull-back before making a run for a Higher High. As a result, we expect a pull-back to the 1D MA200 (orange trend-line) and then rebound towards the top (Higher Highs trend-line) of the Channel Up. Our target is 0.65000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:XRPUSD
by TradingShot
4
XRPUSD Another buy opportunity for medium-term traders.XRPUSD eventually followed the trading plan we posted on September 16 as it broke above its (former) Triangle, hit the 1D MA200 (orange trend-line target and almost touched the 0.618 Fibonacci retracement level: The rise however was contained just within the May 2021 Lower Highs trend-line, which is the Bear Cycle's Resistance. Even though the 1D MA200 was supporting, the recent events with FTX sold the price aggressively along with the whole crypto market and pulled it back to the top of the mid-June Support Zone. On the medium-term, this can be another buy opportunity in disguise. There is a (dashed) Internal Lower Highs trend-line to target and then we can either wait for a new pull-back to buy confidently when the 2021 Lower Highs trend-line or better yet the 0.618 Fib break. On the other had, we can sell if the price breaks below the 0.28680 Support and target the -0.236 Fib extension. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BITSTAMP:XRPUSDLong
by TradingShot
1
XRPUSD Triangle about to break. How to trade the pattern.Ripple (XRPUSD) got rejected this Tuesday on the 1D MA50 (blue trend-line) in the aftermath of the worse than expected CPI report. That rejection was performed on the top (Lower Highs trend-line) of the Triangle pattern that the price has been trading in since the July 13 Low. Naturally, as long as the price remains within the pattern, the trend remains neutral short-term, which is a solid scalping opportunity. A break below it, targets the 0.28680 Low of June 18, which is the current Support and further break can result into a new collapse on the -0.236 Fibonacci extension (0.21850). On the other hand, if the Triangle breaks to the upside, it will be a bullish break-out signal, targeting the 1D MA200 (orange trend-line) on the medium-term. A new break there should chase after the Lower Highs zone from the April 2021 High. The 1D RSI has been on Higher Lows since May 12, which slightly favors the bullish case but there is a clear Resistance as well to be mindful of. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------
BITSTAMP:XRPUSD
by TradingShot
2
XRPUSD Failed twice on the 1D MA50. Action plan.XRPUSD made its last Low on June 18 and since then attempted a rebound. So far this has been rejected twice on the 1D MA50 (blue trend-line), below which XRP has been trading since April 15. Even in the event of a break-out, there is still the March 28 Lower Highs trend-line to consider, breaking of which should be the strong medium-term buy signal towards the 1D MA200 (orange trend-line) and the 0.618 Fibonacci retracement level. After all the drop since March seems quite similar to the one in May 2021. The 1W RSI may be oversold but a break below the 0.28680 low would be an automatic sell signal towards the -0.236 Fibonacci extension at around 0.21850. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
BITSTAMP:XRPUSD
by TradingShot
2
XRPUSD Critical crossroads! Which scenario will prevail?XRPUSD got rejected on the 1W MA50 (blue trend-line) for the second time in two months. Basically, it has been trading below the 1W MA50 for the whole year. At the same time it has been trading under the bearish pressure of the Lower Highs trend-line since the April 2021 High. This is not unfamiliar territory for XRP as every single Cycle it traded, has formed Lower Highs. Based on the past two Cycles, there are two scenarios that arise: a) If the 1W MA200 (orange trend-line) and mainly the Higher Lows zone hold, then as in 2016, a Channel (Green) should lead the price above the 1W MA50 again and ultimately to a new rally. b) If the 1W MA200 (orange trend-line) and mainly the Higher Lows zone break, then as in 2019, the price should make one final Lower Low and form the market bottom there. Based on the 1W RSI sequence, it appears that as the Lower Highs broke (dashed line on the RSI area), it looks more like the bottom formations of both late 2016/early 2017 and early 2020. As for the expected target? In our view it will be around the 2.5 historic Fibonacci extension at $6.70. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
BITSTAMP:XRPUSD
by TradingShot
8
XRPUSD mini-cycle about to break upwards. New ATH in 2022?XRPUSD is on a very strong green 1W candle, the strongest since August 09 2021, posting so far a sizeable recovery in the past 2 weeks. As a result, the price is currently testing the 1W MA50 (blue trend-line), which is the technical Resistance during corrections. Interestingly enough, the correction since the April 12 2021 weekly high, shares the same characteristics (RSI and price action) with the Bear Cycles of 2018/19 and 2014/15. We can therefore claim that the current correction is a mini Bear Cycle. A break above its Lower Highs trend-line, should be enough to restore the bullish trend on the long-term. In the previous 2 Bear Cycles, XRP posted a 1 year rally after the Lower Highs trend-line broke. Do you think we'll see a new All Time High if it breaks again? The 2.5 Fibonacci extension around $6.70 is a potential candidate. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
BITSTAMP:XRPUSD
by TradingShot
9
Ripple - what's next? A big wave down? 😵😵The Ripple chart shows a strong support level of $0.587. XRP is starting to push towards that level, which signals that the move downward may continue. If the price breaks this level and tests as resistance, it would be a good opportunity to sell. The target for this move is low at $0.5, there might be enough liquidity for buying, if there is a strong volume increase in this variant, you can try to go long. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
by Yuriy_Bishko
15
Ripple D1 Analysis - ''Door Up" Open or Not?Although bullish hidden divergence and divergence have formed but it is only a divergence in one valley which indicates the increase is only temporary. I expect the downward momentum to remain strong and will likely go to the previous fibo buy level area around 0.47562 to 0.24400 to complete the pullback. Looking at the fundamentals of Ripple or XRP, it is one of the Altcoins that has great potential to be part of the portfolio. The price is now very low and very worth it to grab and hold for the long term.
Short
by MKAMIN
XRP - pay attention, there may be a better entry point here!😯The cryptocurrency market is now full of uncertainty. Ripple corrected by 7% after the recent growth, now on the chart locally you can see the wedge pattern, at the moment the price is near its lower border, if the price continues to trade near this border, it could be a signal that xrp will break it and go lower! Probably the best entry point is when the price breaks through and tests the bottom of the wedge as resistance! Write in the comments all your questions and instrument analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
by Yuriy_Bishko
8
XRPUSD Is it about to resume its Mania Phase?Last week the 1W MA50 (blue trend-line) held and that was enough to give XRP a respectable push to the upside. Whether that can be sustainable or not, it remains to be seen, but last time the 1W MA50 has been holding for that long was during XRPUSD's last Bull Cycle and more specifically in its 2017 Mania Phase. As you see the similarities are uncanny. Both Bear Cycles have ended on a -16o Lower Highs angle and once the Mania Phase started, the 1W MA50 has been supporting. The mid-phase pull-back on both was around -70%. Right now the CCI is on the same level (-70.00) as it was in the mid 2017 low. The question is are we in a new 1 year Mania Phase and if so is the bounce on the 1W MA50 enough to make Ripple resume it? Feel free to share your work and let me know in the comments section! Please like, subscribe and share your ideas and charts with the community! -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> chrissmith98 --------------------------------------------------------------------------------------------------------
BITSTAMP:XRPUSDLong
by TradingShot
17
Ripple is going to come in this area!😯XRP has not shown strong moves for a few days and is now trading along its trend line, slowly approaching the local top. If the price trades near the local top, breaks it, and tests it as support, it could be a good entry point with targets higher! Write in the comments all your questions and instrument analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
Long
by Yuriy_Bishko
11
XRPUSD has filled the Channel's low. Time to buy?As you see XRP has been trading within a Channel Up since late 2020 and has so far made two perfect Higher Highs and Higher Lows, the latest of which was priced last week. At the moment the big hurdle is the 1D MA200 (orange trend-line) which is being tested today but what confirmed the break-out during the last wave to a new Higher High was breaking above the 1D MA50 (blue trend-line). Do you think based on this that we have a legitimate Higher Low on the Channel Up and a new Higher High will follow towards the end of Q3? ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> fract --------------------------------------------------------------------------------------------------------
BITSTAMP:XRPUSDLong
by TradingShot
3
XRP - That is what is happening!!! 🚀🚀Update on Ripple!!! After a long trade in the area, xrp fell 35%, broke through the $0.65 support level, gathered liquidity below the $0.52 level, and bounced back to the $0.65 level. The price has now squeezed near that resistance level. I think the price could break this resistance level and move up into the value area, I am now looking for entry opportunities. Guys, don't forget about stop losses, it will save your money! Write in the comments all your questions and instrument analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
by Yuriy_Bishko
11
XRP, Ripple - 2 ways of movement⏳Four times price touched the local resistance line. But we didn't see a breakout. Now I see 2 scenarios: 1) Squeezing to the level. If the price starts to do it, it will be a great chance to buy after breakout and retest with sl. 2) Make re-low. If we do it quickly, it will be a big opportunity to bounce from the last low (0,6469). Write in the comments all your questions and instrument analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
by Yuriy_Bishko
8