Rippleusd
XRP to retest 1.70- 1.83 ATH RIPPLE Bull runXRP has made its way out of the volume box at 1.32-1.43 and turning upward.
- 80M at the volume looking for extra 15M added for the push to test APR ATH 1.83.
MA 9 acting as foundation for bullish outbreak
MA9/21 signaling bullish on 1HR/4HR/DAILY
May test 1.54 for impulse wick/ invalid under 1.48 as it will look to test volume zone again from that area.
ENTRY 1.59364
TP1: ATH 1.83 (1:7 ratio)
TP2: NEW ATH 2.37 (1:23 ratio)
XRP/USDTRipple has two Possible Scenarios :
The first and the more probable one is that $XRP has a strong resistance @ $1.70 and wasn't able to break that multiple times, This time the correction cycle will last longer due to the whole market situation.
Scenario 2: It can break the resistance and retest the ATH, which I don't think will happen.
Pay attention to Chaikin OSC which is a volume-based indicator & is about to cross zero lines and has an overall downward trend
Inflation is at the highest point and people's interest in investing in risky assets decreased(Even though most cryptos are deflationary), The other thing is we saw a major correction in the stock market(Due to bad economic situation), especially in small caps which they deliver higher risk/ reward ratios, like crypto.
This the analysis of A Private Trader and NOT A Licensed Professional & might be wrong. please do your own DD & Research.
Thanks for reading it.
RIPPLE:BREAKOUT AND RETEST BULLISH FLAG - LONG SETUP UPDATE 🔥🔥Welcome back Traders, Investors, and Community!
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Ripple (XRP) - 6h. At $1.4 the situation will become clearerThe XRP market responds quite well to BTC provocations. If we compare the drop in the price of XRP and BTC from May 10, we see the markets sank almost the same - by 25-30%. However, the interest in Ripple is now much higher than in BTC. This is evidenced by the rebound in the XRP price after each seller attack.
Yesterday's fall in the BTC market had little or no effect on the XRP price. This positive fact can highlight the strength of buyers and the greater likelihood of a continuation of the upward trend. However, for such a positive scenario in the XRP market , one condition is important - the price fixing above $1.6. As you can see in the chart, the price is now below this range and the intrigue in the XRP market is growing.
If we look at the daily timeframe , we see that the XRPUSD price has gone beyond the black trendline, within which buyers have been building their attack since the beginning of April:
Therefore, in order to rehabilitate buyers and confirm their strength, buyers need to gain a foothold above the mark of $1.6 the faster. On May 17, the daily candle closed in favor of buyers. Large volumes, which sellers tried to impose a struggle with, were confidently bought out by buyers with limit orders. However, the next 3 days of trading are as passive as possible. Such a market does not allow us to make a decision and makes us keep waiting.
Looking at the XRPBTC chart , you can see an important range where the price stopped:
The assumed local correction of the XRPBTC price and the continuation of the local downward trend in the BTC market will provoke a drop in the XRPUSDT price with the first target of $1.4. This mark is a local support for buyers. Having held this mark, buyers are likely to break through the mark of $1.6 and continue to rise to $2.5.
However, we are relying more on a deeper correction in the XRP price and the formation of a global triangle:
In this scenario, sellers will test the $ 1.2 mark and XRP price will continue to consolidate until mid-June.
To summarize, we want to note:
We will be ready to buy XRP either after the test $1.2 or after the breakout and consolidation above $1.6.
The mark of $1.4 is a local level that can be targeted for a short-term trade with a short stop.
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XRP lethargic trading draws closer to 130% liftoffRipple’s consolidation between $1.2 and $1.6 is still underway. The massive weekend losses in the cryptocurrency market affected Bitcoin and Ethereum the most as XRP embraced support at $1.3. However, the bearish wave sabotaged the intended upswing to $1.6; thus, a correction kicked off on hitting the resistance at $1.6.
Ripple prepares for colossal price action to $3.5
The cross-border token exchanges hands at $1.52 after stability returned to the market. More importantly, XRP trades at the apex of a symmetrical triangle. This pattern has both a bearish and a bullish impulse.
Two trend lines form the symmetrical triangle, connecting sequential peaks and troughs. As the trend lines converge, the asset tends to consolidate. A breakout comes into the picture when the price strikes above the upper trend line. It is validated by an uptick in trading volume and has an exact target measured from the triangle’s highest to lowest points.
For instance, if Ripple breaks above the triangle’s upper trend on the four-hour chart, it could swing 130% north to trade a new all-time high of $3.5. Meanwhile, the Relative Strength Index (RSI) validates the gradual upward price action by extending its movement above the midline while closing the gap to the overbought region.
The Moving Average Convergence Divergence (MACD) shines a light on sideways trading, suggesting that it would last longer. The uptrend toward $2 will become apparent as soon as the price settles beyond the seller congestion zone at $1.6.
Ripple intraday levels
Spot rate: $1.52
Trend: Bullish
Volatility: Low
Support: $1.3 and $1.
Resistance: $1.6 and $2
Ripple- 2.5 is the technical targetThis correction for Bitcoin found Ripple consolidating, if we look at the bigger picture, and every new low for Btc had a higher low correspondent in ripples' case.
If we were to make an analogy with recent development in Eth price, we can expect a similar outcome...
In my opinion, with selling power lifted from BTC, a break of triangle's resistance is imminent and 2.5 is the technical target
1.2 si very strong support at this moment
XRP IS GOING TOWARDS DOUBLE DIGITS & THERE'S NOTHING YOU CAN DOXRP / USD TA
Ripple aka XRP is hitting double digits before you know it, and there's nothing you can do about it.
Lawsuit will be getting dismissed or settled shortly and just before the US exchanges open their doors to XRP investors, the price will be hiked up to new highs! Just watch... a lot is happening in coming weeks! and wait till you see what happens in the world within the next few month ;)
RIPPLE:BREAKOUT AND RETEST BULLISH FLAG - LONG SETUP 🔥🔥Welcome back Traders, Investors, and Community!
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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 (1.4485).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XRPUSDT 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 53.
Take Profits:
TP1= @ 1.6361
TP2= @ 1.7649
TP3= @ 1.9619
TP4= @ 2.0798
TP5= @ 2.6238
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 (1.4485).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XRPUSDT 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 53.
Take Profits:
TP1= @ 1.6361
TP2= @ 1.7649
TP3= @ 1.9619
TP4= @ 2.0798
TP5= @ 2.6238
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 (XRP/USD) Entered Crucial Stages2 weeks ago, we have BTC passing its red zone. There is still no sign of BTC dropping again.
In the past few days, BTC and Alts are making upward movement, and let's enjoy the Crypto's Spring.
I notice XRP is about to pass its red zone. The rule still the same as the BTC/USD red zone.
If it can pass above 0.36ish, is safe.
RIPPLE ANALYSIS (BUY)XRPUSD seems to have completed its correction. We can assume this to be a running flat correction as price seems to have failed a complete distance of (a). As can be seen on the chart, both (a) and (c) lie on the ascending support extended from the impulse of the third wave. Also, (a) was a perfect retracement of the .50 fib and (c) was a perfect retracement from .382 level with the ending of the wick at .786 of (a).
With this bullish skew, we can expect a very strong impulse to the upside. My price target on XRP is $12. I will continue updating this chart as price unfolds as has been.
I highly recommend you to review my initial ideas and updates in the links provided below.
Please show your support by leaving a like or comment below and follow for more updates.
Thanks
Good luck trading.
XRP: VERY important levels to watch over the next 48 hrs>Good afternoon to those that survived yet another FUD sell off in the crypto market. Quick update to XRP as we are now seeing bulls re-enter around the 1.44-1.47 zone. Critical we hold the nearest support fib level.
Opinion(72 hr timeline):
Look for heavy resistance at the red box nearest the fib trend line.
If we break through, we are likely to follow with a short lived pull back. The pullback shouldn't be violent but rather gradual and short lived, this is to bring up the S&EMAs for support as we look to break through the second red zone. This zone is our 2nd near term & major resistance prior to pushing to ATH's.
Look to take some profits at the green Target price level, ill be sure to update the feed as we approach that zone, if things look strong still take profits, but instead of 20% of your position take 10%. If you are day trading, always cost average your entries and exits or you may as well go burn your cash now to save some time >:)
RIPPLE:BREAKOUT BULLISH FLAG AND PRICE GROW FAST-LONG IMPULSE 🔔Welcome back Traders, Investors, and Community!
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XRPUSDT Channel BreakoutXRPUSDT(4H CHART) Technical Analysis Update
Channel Breakout
XRP/USDT currently trading at $1.42
Buy-level: $1.40 - $1.44
Stop loss: Below $1.30
Target 1: $1.52
Target 2: $1.61
Target 3: $1.68
Target 4: $1.76
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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