Ripple bulls focus on settling above $1
The flagship cross-border token hit a multi-year high at $1.1.
The trend is in the bull's hands despite the hunt for higher support.
A correction under $1 would trigger declines likely to test $0.8 and $0.6.
Ripple has been like Usain Bolt on steroids over the last few days. The cross-border token had significantly suffered following the lawsuit filed against Ripple Labs and its top executives in December. The Securities and Exchange Commission (SEC) alleges that the blockchain company sold unregistered securities to investors and stayed away from regulation for nearly eight years.
Although the lawsuit is still ongoing, there is reasonable progress to believe that Ripple Labs will be cleared while XRP is allowed to operate as a whole cryptocurrency. Meanwhile, investors took action into their hands during the Easter holiday to incredibly pump the token's price.
Ripple rose above several key resistance zones, including $0.6, $0.65, $0.75 and the critical $1. The bullish leg did not stop there but took advantage of the tail force to achieve a three-year high of $1.1.
At the time of writing, Ripple is teetering at $1.05 amid a corrective move from the multi-year high. The primary goal is to secure higher support, preferably above $1. Note that the Moving Average Convergence Divergence (MACD) indicator shows buyers are in control. The wide gap made by the MACD line (blue) above the signal line confirms the bullish outlook.
It is worth noting that XRP may correct under $1, marking the dumping period's beginning. If support at $0.8 fails to hold, Ripple will seek refuge at $0.6. The 50 Simple Moving Average (SMA), the 100 SMA and the 200 SMA are in line to prevent losses as far as $0.4.
Ripple intraday levels
Spot rate: $1.05
Trend: Bearish
Volatility: Low
Support: $1, $0.8 and $0.6
Resistance: $1.1
Rippleusd
XRP - Target $1.20Hi, I updated you last week that the bullrun in XRP will start from next week and I can't believe that I predicted right. I told you once we break the resistance $0.75-0.78 and the trendline we are ready to takeoff. So now we have broken both the resistance $0.75-0.78, $0.92 and now we are on our way to resistance $1.20, so be prepared and don't panic.
BNB be very scared, XRP is coming for YOU.
XRP Fooled me twice in 24 hours - My thoughtsHi guys,
my thoughts on XRP Ripple breaking my 'resistance level' twice.
Listen to my thoughts in the video, it could be a nice educational one hearing it from an experienced trader and how to adopt when an asset is just not 'listening' to what what we see on the chart.
One Love,
the FXPROFESSOR
XRP is at a crucial point!!So as I already said XRP has been forming a nice bullish triangle...
Right now we can see it's about to break up or bounce down...
GREEN
If we get a closure ABOVE the resistance... we can see a price around the green area 0.8-0.9
BLUE
If it bounces back we can see it coming to lower resistance and bounce up to the area as well
RED
We might also see a breakdown to the lower support area and our long trendline...
XRP is still pretty bullish in long term!
Change my mind!
XRP demolishing the 6 month resistance?We got this long disputed crypto and its upcoming juridical courts which i personally am optimistic to the outcome.
alright, as you see the candles are rising slowly making foothold at each step, despite the usual spike moves. it says i am going to break the resistance! not gonna demonstrate long-term big targets but i expect this pattern to happen before 2022 or early 2022 ... the final target could be 4.3$ with spikes to 5.2$ . i dont believe in assuming stoploss for cryptos but anyway it can be 0.478 for some investors.
2.7-3.3$ is a bit rough resistance zone but it'll kneel.
depending on court results , this can happen sharply or slowly, and again the targets may be updated after reaching the current ones.
btw watchout for confirmation of breaking out from top channel. or we wanna fix upon 0.7$
Break Resistance Like XRP Hi, I updated you yesterday about the backtest of both trendline and the support level that we have done. I told you we are going to break the resistance $0.635-0.64 and we have done that too. We are now on our way to the multiple years resistance $0.75-0.78. We have not reached there yet, but I expect if we get rejected from the resistance $0.75, then we are going to see a pullback to backtest the support level $0.64. The RSI is already above 70 and that tells us we have a bullish structure, but we have also resistance in RSI around 76. I have good news too ;) For the first time in 2.5 years we closed a weekly candle above $0.625. If we break the resistance $0.75 then we are ready for $1 ;) So be prepared and don't PANIC.
XRP - Backtest doneHi, I updated you yesterday about a pullback in XRP. I mentioned that if we get rejected from the resistance $0.635-0.64, then we are going to backtest both the trendline and the support level $0.565-0.575 and we have DONE it. So now I expect that we are going to break the resistance $0.635-0.64 once for all and after that we are ready for $0.75-0.78. So be prepared and don't PANIC ;)
XRP - We Broke The Trendline Hi, this is my new update for XRP. I updated you yesterday about this beautiful triangle and we got a breakout both in RSI and the chart couple hours ago. We have now tested the resistance $0.63-0.64 and we got rejected. I think now we are going to backtest the trendline and the support level $0.565-0.575 to check if it holds or not. Once we backtest the trendline, then we are ready to takeoff and we are going to break the resistance $0.63-0.64 and after that we are going to test the resistance $0.75-0.78. So be patient and don't PANIC ;)
XRP - Waiting For The Biggest Breakout In The History Hi, I updated you 2-3 days ago about this beautiful triangle. It is getting very tight here and I think we are going to see a breakout from this triangle in the next hours or days. We see also a triangle in the RSI chart, so once we get a breakout then we are ready to takeoff. In the last week the SMA50 has been tested multiple times and that showed us we have good support between $0.47-0.55. The next resistances are $0.63-0.64 and $0.75-0.78. So be prepared and don't PANIC ;)
Cardano in 2021 vs Ripple in 2017Yet another long term chart.
Heres why I think ADA in this bull market can be what XRP was in the last cycle:
1. ADA IS , like XRP WAS, a top 5 coin
2. ADA has a lot of believers and a lot of haters. XRP was probably the most hated coin in 2017.
3. People who hate ADA are convinced it is useless (similar to XRP). Now XRP has been proved to be useless. With ADA, we don’t know.
4. XRP has seen two mega cycles, ADA has seen one.
A comparison of price action over the long time period shows ADA’s bull target should be somewhere between 7-15 USD. If you think this valuation is ridiculous, guess what? Back when ripple was worth 3 cents, a forecasted value of 30 cents was deemed to be ridiculous. XRP eventually went close to 3.4 USD.
Now you might argue that using that logic, ADA could do a 100x to 100 USD: That is highly unlikely because of the market maturing as a whole. Also there are a lot more alts that will suck liquidity.
I will not be shocked if ADA goes to 6-7 USD this year, comparing XRP’s performance in 2017, this is a conservative estimate. 15 USD is also possible. Both these levels were obtained by comparing fib levels between ADA and XRP.
Good luck!
XRP - Bullrun Starts Next WeekHi, right now we are in a beautiful triangle and in the next couple of days we are going to see a breakout and I hope it is going to be above $0,60. Last week we backtested the BIG support level $0.47-0.48 and it held very well. Once we get big news like exchanges relisting XRP, then we know it is time for big breakout. The next resistances for XRP are $0,65 and the big one $0,75. So be prepared and don't PANIC ;)
$$$ XRP $$$ Hi Guys ! With this breaking news of SEC defeated in a attempt to block #xrp HOLDERS ' Motion to intervene Judge Torres Approves Motion !
Possibly Taking off #Xrp soon to bullish mode if it breaks $0.64 mark and would be hard to figure out where it going to land next !
Cheers
Happy Trading !!!