Ripple is pressing supportAfter the recent drop to 0.5, Ripple corrected to 0.75, but has started to fall again, making lower highs and the recent price action is resembling a descending triangle.
0.6 is the base of this triangle and a drop under looks imminent.
Short therm traders can target 0.5 support
Rippleusd
XRP Observation XRPUSDUsing the Fibonacci Wedge tool I noticed this repeating pattern of a flag (yellow) sharp rise (green) and then a prompt decline (red)
Not too sure about the relation to the Fib levels within the wedge (if I have drawn it right) but they all seem to dump along a Fib line
I am long ripple/xrp
Monday: Ripple - Week 27Hello Traders! Ripple is in a bigger correction and it keeps getting more complex, it looks like it will be a long time before the bigger uptrend/impulse will happen.
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the support!
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XRP Tries Breakout of 45 Day Falling Wedge-XRP has revived nearly 40% off its low of $0.50
-The 25 Day MA has held XRP from starting a bullish trend
-Price is currently trying to breakout of a 45 day falling wedge
XRP has had a wild 2021 as the ongoing SEC lawsuit with Ripple has put much strain on XRP investors and traders. After months of consolidation under $0.50, XRP broke out and had a large pump to $1.95. Since then, it has been stuck in a downtrend along with the rest of the cryptocurrency market. At the time of writing, price is attempting to breakout of a large bullish falling wedge pattern.
The bullish falling wedge (shown in green) has held the price in a downtrending consolidation the last 45 days. Bulls are currently attempting a breakout which if deemed successful, XRP will have a great shot of hitting prices above $0.80 in the short term. Along with the top trend of the falling wedge lies the 25 day MA. The price has been stuck under this MA for nearly 2 months & as it has acted as a price barrier. A breakout above will surely confirm a bullish trend in underway.
Along with the 25 Day MA, there is a major resistance zone that bulls must power through. This area is an 8 cent zone ranging from $0.699-$0.787. If price manages to break through and hold this area, a bullish trend is confirmed for XRP and price will make its way to its two target ranges of $0.90 & $1.03. In the case bears stop the breakout, XRP will find support at $0.63 & $0.575.
While looking at the Relative Strength Index, we can conclude strength has broken over a 75 day trend. To confirm a bullish upswing on the price, the strength must break and hold over the 50 value. The MACD has been flat nearly all of June which can signal a big move is impending. A bullish cross was experienced last week and the MA’s have their eyes set on a break to bullish territory over the 0 mark.
XRP intraday levels
Spot rate: $0.6920
Trend: Neutral
Volatility: Medium
Support: $0.63
Resistance: $0.70
XRP expecting good gains! XRP looks good, I am expecting a small pullback before it makes a higher high !
The general market does not look too bad right now, it may be a good occasion to make some profit during next week.
For more information check my tutorial videos ! I do my best to explain the basic behind the market in those videos.
Have a nice weekend!
💡Don't miss the great buy opportunity in XRPUSD @Ripple
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.5803).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XRPUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 49.
Take Profits:
TP1= @ 0.7069
TP2= @ 0.8169
TP3= @ 0.9298
TP4= @ 1.0681
TP5= @ 1.1959
SL= Break below S2
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💡Don't miss the great buy opportunity in XRPUSD @Ripple
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.5803).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XRPUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 49.
Take Profits:
TP1= @ 0.7069
TP2= @ 0.8169
TP3= @ 0.9298
TP4= @ 1.0681
TP5= @ 1.1959
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
RIPPLE: Critical hurdle ahead Technical analysis of Ripple (XRPUSD) - viewing in the H4 chart
XRP / USD has been on a multi-day recovery trend that is currently facing resistance. A decision to continue the rally or to resume the overall downtrend should not be long in coming.
The ripple is in a medium-term corrective downtrend against the USD after a lively rally to a record high at 1.9670 USD. Starting from the 3-month low at $ 0.5097, the coin initiated a recovery move that remains intact. In the context of the three-wave recovery so far, it marked a high at USD 0.7331 and bounced off the short-term downtrend line located there. Most recently it found support on the recovery trendline from the June low.
Decision is near
We consider the short-term starting position to be neutral. A decision on a possible continuation of the recovery rally or a resumption of the medium-term downtrend should, in our opinion, be made soon. A break across the resistance zone at currently USD 0.7050 / USD 0.7331 would play into the hands of the bulls and make further price gains towards USD 0.7915 and USD 0.8536 (23.6% fibonacci retracement) likely. With a break above the interim high at USD 0.9300, there would also be a clearer brightening of the medium-term technical starting position with further rally potential towards initially 1.0664 / 1.1000 USD.
Bearish scenario
On the other hand, a sustained slide below the current support at USD 0.6478 would be critical for the bulls. The starting position would be immediately bearish with a breach of the interim low at USD 0.5815. In this case, we would favor retesting the previous correction low at $ 0.5097. We believe that the significant shortfall would signal an immediate continuation of the sell-off towards the USD 0.32-0.43 zone.
Note:
Despite careful analysis, Global Investa does not accept any liability for the content, topicality, correctness or completeness of the information provided. The information provided does not constitute investment advice, purchase recommendations or investment brokerage.
XRP rejected from $0.72 amid multiple sell signals
Ripple price gained ground to settle briefly above $0.7 but hit a barrier under $0.72.
Losing support at $0.7 opened the Pandora box as a correction to $0.64 becomes apparent.
Ripple price was able to break the resistance at $0.7 on Tuesday. This move allowed bulls to stretch the up leg to $0.72. However, the seller congestion at the 200 Simple Moving Average (SMA) on the two-hour chart stopped the bullish action.
In the meantime, XRP trades at $0.68 after losing support at $0.7. If the ground above $0.7 is not reclaimed soon, losses will likely extend toward $0.64. At the moment, the path with the slightest hurdles seems downward, as observed from the short-term technical picture.
Why could Ripple price declines soar in the near term?
Ripple’s short-term technical picture is flipping massively bullish, according to the two-hour chart. Applied technical tools such as the Moving Average Convergence Divergence (MACD) are about to send a bearish signal. The indicator follows the trend of an asset and measures its momentum.
When the MACD line (blue) crosses below the signal line, it is a call to sell, as observed on Ripple’s chart. Moreover, traders watch out for the MACD crossing under the zero line into the negative territory to validate the downtrend.
As the bearish momentum gains power, the Relative Strength Index (RSI) shows that bearish aggression intensifies. Unlike the MACD, the RSI follows the trend of an asset and calculates its strength. A sharp drop from the oversold area suggests that sellers are entirely in control. Breaking below the midline and toward the oversold region would cement the bears’ influence in the market before the bulls turn the trend around.
On the other hand, a golden cross pattern has occurred with the 50 SMA crossing above the 100 SMA. The pattern infers that the uptrend is still intact despite the correction, and Ripple price will likely secure higher support, leading to its resumption.
Ripple intraday levels
Spot rate: $0.68
Trend: Bearish
Volatility: High
Support: $0.64 and $0.58
Resistance: The 200 SMA
RIPPLE (XRP/USD) 10% BULLISH MOVE INCOMING!Hey family!
Chart speaks for itself, didn't have too much time for a full breakdown.
Technical Analysis Prediction for Ripple (XRP/USD).
> INVERSE HEAD & SHOULDERS FORMATION
> PENNANT FORMATION
> REVERSE 'M' FORMATION
> BTC POSITIVE BULLISH PRESSURE
> USING STRONG DEMAND ZONE
Love, peace, Seb.
XRP could continue to FALL sharply!Hey tradomaniacs,
after a breakout of the trendchannel and a re-test of the support-zone we have seen volatile absoprtion of strong holders which are now likely to get stopped out of the market continues to fall!
The resistance is holding for now, and if bitcoin breaks below the range as I expect it is more than likely to see ALT-COINS blood aswell.
Technically, with the previous rejection of the ex-demand-zone worth to give it a try!
Let`s see :-)
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XRP Divergence and Trend AnalysisXRPBTC is showing a bullish divergence
While XRPUSD is struggling to hold above 0.5 Fibonacci retracement level
I believe this level will hold and XRP is headed a lot higher, it just may take some time. The bullish divergence on the BTC pair is evidence for this assumption.
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
Ripple’s 30% rally bows to selling pressure under $0.7
Ripple gained ground to $0.67 after the massive weekly selloff to $0.52.
Overhead pressure under $0.7 results in a retreat to $0.6.
The MACD reveals that XRP is still in the bulls’ hands.
Ripple suffered greatly under the battering jabs from the bears at the beginning of the week. The feared downfall to $0.5 occurred as XRP tumbled to $0.52.
Meanwhile, a recovery followed swiftly, with Ripple gaining the lost ground above $0.6. The bulls stretched the up leg toward $0.7, but the momentum lost steam at $0.67.
At the time of writing, trades at $0.62 following a minor correction. Holding support at $0.6 is crucial for the resumption of the uptrend. However, Ripple may retreat further before bulls throw another jab at $0.7.
Ripple’s weakening on-chain metrics could be hindering recovery
On-chain metrics play a key role in the performance of most crypto assets. Understanding the signals from the metrics helps investors make informed decisions.
According to data from Santiment, the number of new addresses joining the XRP has dwindled over the last 30 days. Moreover, the XRP price has been falling in tandem with the addresses. For instance, from a 30-day high of nearly 4,800 addresses created on May 24, only 2,055 addresses were created on the network on June 23.
On May 24, Ripple exchanged hands at $0.86, but the price had fallen to $0.64 on June 23. Declining network growth is usually a bearish signal, ascertaining that the project is losing traction. Hence, if the metric fails to turn around, XRP price will likely delay recovery or continue exploring the rabbit hole.
On the flip side, the Moving Average Convergence Divergence (MACD) hints at the trend remaining in the bulls’ hands despite the correction from $0.68. Realize that the bullish outlook emanates from the MACD line (blue) sustain the divergence above the signal line. Besides, holding above $0.6 support may allow bulls to focus on recovery toward $1.
Ripple price intraday price levels
Spot rate: $0.62
Trend: Bearish
Volatility: Low
Support: $0.62 and $0.52
Resistance: $0.7 and $0.85