XRP/USD 1DAY UPDATE BY CRYPTOSANDERSWelcome to this quick XRP/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
XRP/USDT UPDATE:-XRP, formerly ripple, was another big mover on Thursday, as price bounced from its own support point.
Following a low of $0.4501 on Wednesday, XRP/USD raced to an intraday peak of $0.4638 earlier today.
Today’s move sees XRP snap a two-day losing streak, bouncing from a support of $0.4500 in the process.
Recent declines have also led to the 10-day (red) moving average (MA) dropping below its 25-day (blue) counterpart.
Although prices have since rebounded today, this shift in moving averages could be a signal for greater drops in price to come.
Momentum in XRP has shifted in the last two weeks, as it was hovering close to a five-month high previously.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
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XRPBTC
Ripple - The recap of latest developmentsFour days ago, we warned that the Ripple cryptocurrency would attempt to test its low from 13th October 2022. Shortly after, the XRPUSD fell approximately 7.5% toward the mentioned low. However, it did not manage to break below it. Instead, it paused its decline slightly above it and reversed back up. Therefore, we will continue to pay close attention to this level and price action; ideally, to support our bearish thesis, we would like to see another attempt of the price to break below the short-term support.
With that being said, we remain bearish in the medium and long term. Indeed, we are on the brink of changing our medium-term price target of 0.30 USD to a short-term price target (and long-term price target of 0.28 USD to a medium-term price target). Similarly, like in previous instances, we draw our conclusion from a combination of bearish fundamental and technical factors.
Illustration 1.01
Illustration 1.01 recapitulates our statements in the past few weeks for the audience.
Technical analysis - daily time frame
RSI, MACD, and Stochastic are bearish. DM+ and DM- performed a bearish crossover. The daily time frame is bearish, although the trend is very weak.
Illustration 1.02
The image above is a reminder that Ripple is still deep in the bear market territory, down approximately 86% from its all-time-high value.
Technical analysis - weekly time frame
RSI is turning neutral. Stochastic shows signs of exhaustion. MACD remains bullish. DM+ and DM- are also bullish. Overall, the weekly time frame is losing bullish momentum.
Illustration 1.03
While many people point out the rising volume on the monthly chart, Illustration 1.03 takes a closer look at what is going on in the weekly time frame; the volume continues to decline since the recent high in price, which does not support the bullish narrative for this cryptocurrency.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
XRP TO $11 BY MARCH 2023!- In order for this to happen the SEC lawsuit needs to be over and settled with.
- It does not matter if RIPPLE win or lose!!
- KIN coin was sued by the SEC they were fined $5 million for raising $100 Million as an ICO (INITIAL COIN OFFERING)
- Within 2 years KIN coin case was settled and most cases with the SEC settle within 2 years!
- KIN coin did a 20,000% increase after the lawsuit which they LOST, so imagine RIPPLE whether they win or lose XRP will still pump and by 2025 ONE XRP COULD BE AROUND £100!
$150-200 XRP is still in play guys!- Sorry for the long absence just been of the radar, focusing on my business and tik tok for my altcoin beast page.
- XRP is still in play for the big move guys, keep dollar cost averaging in.
- Remember to store your xrp offline on a software or hardware wallet!
- NOT FINANCIAL ADVICE!
XRP - 80% decline, be prepared!
An 80% drop is not sci-fi. But at the end of the day, you can buy cheap XRP at 0.1 USDT and hold it to 589 USDT, as the Simpsons predicted.
I am very bearish on XRP because the bears are in full control and I will tell you why in this analysis.
The price is trending in a massive descending parallel channel (very bad) and the first thing we want to see is a break of the channel to think about buying XRP.
XRP has been in a bear market since 2017. It has been 5 years and we didn't even hit a new all-time high during the 2020–2021 bull market.
As you can see on this chart, we have broken down out of the symmetrical triangle, which is an extremely bearish signal. You don't want to see triangles at the top of the uptrend as a bull.
As per my Elliott Wave analysis, this whole structure is totally incomplete and I am missing an impulse wave dawnward.
We have strong support at 0.1013 USDT, where the market should take stop losses below this swing low before continuing higher to new all-time highs.
It's very dangerous to buy XRP at this moment because this mini uptrend might already be complete.
But after all, I think XRP will experience a massive bull market, maybe in 2023-2025, to new all-time highs because it looks very solid on the monthly scale.
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#XRP/USDT 1DAY UPDATEHello, welcome to this XRP/USDT 1 DAY chart update by CRYPTOSANDERS.
I have tried my best to bring the best possible outcome to this chart.
Show some support do hit the like button, follow and comment in the comment section. this motivates me to bring this kind of chart analysis on regular basis.
CHART ANALYSIS :
Ripple (XRP)
Ripple has managed to sustain a price above the key support at $0.44. This allowed it to close the past seven days in green with a modest 1.5% price increase. The key resistance continues to hold at $0.56.
Yesterday’s price drop and volatility did not shake buyers, and this cryptocurrency remains on the offensive, with buyers continuing to show strength when other altcoins, such as Cardano, have lost their key support level. For this reason, XRP remains bullish.
Looking ahead, bulls may attempt to break away from the key resistance at $0.56, which would open the path for XRP to rally toward $0.70 and above. Until this happens, buyers need to be on their guard, as sellers will capitalize on any weakness as the price approaches the resistance.
Sorry for my English it is not my native language.
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XRP vs XLM reloadedWho is gonna be stronger?💪 This is comparison XRPUSDT / XLMUSDT , so if the:
*price is going up, it means XRP is stronger than XLM
*price is going down, it means XRP is weaker than XLM
Here we go again. First of all check the first battle of these rivals where as predicted XRP got the upper hand:
After reaching the target it was just one big spiller down. Now it seems that after breaking all the trendlines, price shaped nice Head and Shoulder pattern with neckline slightly above the 0.5 fib. IF price breaks down, we could potentially see a drop down to lower range (fib 0.236 & 0.146 and even deeper). H&S target being 1.075.
To sum it up, I think that in the following weeks/months, Stellar could be stronger than Ripple with some pullbacks along the way (as shown by the red path). What's your take?
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Ripple - possible buyer's test.Resistance did not allow the price to accelerate above the local highs. This was followed by a breakout of the local trend line. Resumption of purchases is possible from the support area. If the test is not successful, we expect a breakdown even lower.
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy.
Ripple - Dreams and hopes about to get crushed! In our previous posts on the Ripple cryptocurrency, we pointed out the bullish breakout from the symmetrical triangle and signs of exhaustion accompanying this price action. In addition to that, we outlined a part of the legal case between the SEC and Ripple Labs, Inc., debunked a myth about the market-cap capabilities, and described an ongoing behavior in the Ripple community as merely a “buy the rumor, sell the fact” behavior.
Today, again, we would like to hint at several worrying developments about XRPUSD. First, volume continues to hover around monthly lows, reflecting little to no interest among new investors willing to propel the price higher. Furthermore, the risk appetite in the overall market continues to decline with the prospect of higher interest rates and progressing recession.
However, that does not seem to concern many market participants predicting the bottom and chasing the market with the vision of huge profits. Unfortunately, in our opinion, that is all it is - a vision of huge profits without regard for any macroeconomic factors. Indeed, we believe those on the buying spree over the past weeks will feed the ultimate selloff later as the general market progresses deeper into recession.
In accordance with that, we have no reason to change our bearish bias toward Ripple and stick to our price targets at 0.30 USD and 0.28 USD. Our other reasons for that are described below and in the attached articles.
Illustration 1.01
Illustration 1.01 shows the daily chart of XRPUSD. Yellow arrows hint at the latest technical developments. The price retracement toward the 20-day SMA catches our attention as it might potentially foreshadow a failure of the trend to continue. Therefore, we will pay close attention to the price action. If the price holds above the 20-day SMA, it will be bullish. However, if the price fails to hold above this level, it will be very bearish for XRPUSD. Therefore, to confirm our bearish thesis, we would like to see a pick-up in volume accompanying a drop in the price.
Technical analysis - daily time frame
RSI reversed. MACD turned bearish. The same applies to Stochastic. DM+ and DM- are bullish. Overall, the daily time frame reflects the loss of bullish momentum.
Technical analysis - weekly time frame
RSI turned neutral. MACD and Stochastic point to the upside. DM+ and DM- are bullish. Overall, the weekly time frame is slightly bullish/neutral.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
XRP Continues to Mirror BTC's Macro Pirce-Action; Only Slower.XRP since it was listed on Poloniex back in 2014 seems to have mirrored the overall price action of BTC over the years but at a much slower pace from the looks of it it wouldd appear that BTC makes the move first then XRP takes about 1.65x longer to make the move itself. Based off this we can see that in late 2013 BTC started trading within a Multi-Year-Range after a many previous months of positive price action and that it did not breakout of this range until a little over 3 years later in mid 2017 to which it proceeded to Blue-Sky-Breakout to all time highs never to see the Multi-Year-Range ever again. (atleast not yet anyway) XRP's story appears to be the same but with the small twist that it is still trading within it's Multi-Year-Range that it's found itself trading within after a huge 2017 rise. 2022 will be coming to and end soon and within the first half of next year XRP will have officially been 5 years since XRP has entered this range and given that the expectation is for XRP to move 65% the speed of BTC one could expect that XRP as it is right now is only several months away from a Breakout of it's own and of equal or better significance than BTC's Breakout was.
....... Stright to the point ........
If XRP's Multi-Year-Range Breakout lives up to BTC's, I would expect to see somewhere around a 4,500% pump from the Range Highs which would take XRP up to the seemingly insane target of $168.50
XRP/USDT - LONG----- Welcome, dear followers! -----
- Here is my trading methodology. I trade with a normal system and analysis of resistance and support, as well as price reversal patterns.
- For the record, I do not place a stop loss within my trades. So that I only risk 1.5% of my total capital in order to support the loss due to a price reversal against me.
- If a price reversed against my expectation and touched the drawn line r3, then I transferred targets to the entry point and waited for the price to close at it with a loss equal to almost zero.
- Today's deal is shown in the chart, and here are the entry and exit points below.
-- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part. --
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⚡️⚡️ XRP/USDT ⚡️⚡️
Exchange: Binance Futures
Trade Type: Breakout (Long)
Leverage: Cross (1.0X)
Entry Orders:
1) 0.4965 - 100.0% (51.95664 USDT)
Take-Profit Orders:
1) 0.5356 - 80.0%
2) 0.5631 - 19.999%
Trailing Configuration:
Stop: Breakeven -
Trigger: Target (1)
XRPBTC Diamond Big Enough To See On The Monthly ChartWe have a Diamond pattern forming at these lows here on the Monthly XRP Chart. Diamonds are inherently Neutral Patterns but given the fact that XRP is currently sitting closer to Horizontal Support than it is from Resistance; I'd say the edge is leaning somewhat more towards the Bullish Scenario Here.
I'll be Posting a Macro Chart for the XRPUSDT Pair soon the compliment this setup and when i do it will be in the related ideas section below.
XRP breakoutPlease 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free.
Ripple broke the (red) major downtrendline (click the idea below to see it the whole downtrendline)
...and then consolidated in form of triangle. Recently it broke up out of this triangle📐 and I think there is chance for run to 0.6330 and even higher. Setting BUY LIMIT order to previous range high to catch🎣 the pullback.
ENTRY : local high @ 0.5063
STOPLOSS (SL) : local low @ 0.4800
TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 0.6330
REWARD RISK RATIO (RRR) : 4.8
INVALIDATION : when SL level hit
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XRP - Intends to break resistance.
The chart has approached the resistance zone, in this case we see the weakness of the buyer, it is possible to reduce the price to the nearest support zone for further resumption of buying.
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XRP: DO or DIEPlease 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free. Don't be just a taker, be a giver! 👍🏻
Ripple has been stronger than most of other coins recently but yesterday it just hit resistance confluence - the major downtrendline (red) plus local uptrendline (dotted yellow, previously broken, now backtest). Zoom in. I think the recent strenght of XRP stemmed from fact that price has been supported by major uptrendline (lime) around 0.3 where it bounced several times in last months and recently just decided to lift off in order to break up the major downtrendline which capped all the highs in last 18 months (almost). If it's really rejected once again, I think we will drop down back to the lime uptrendline and will break it down later. In case of upside breakout through the red downtrendline, pump expected. Ripple, DO or DIE!
Check current bearish BTC setup down below.
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XRP, ART OF THE SHORT.Hi Traders,
After the pump to the final 0.54c price gap took place we now face another short entry opportunity, i updated the prior XRP posting when re-entering short 0.535c but in general anything above 0.50 is a decent entry for returns.
Indicators as-well as BTC look read to take a dive.
WHY ART OF THE SHORT?
Shorting/dumping is the MM way of taking back the gains made by retail on the easy climb, the 'ART' begin that when XRP dumps it should return to the 0.405-0.375 target area to clear leverage AND that will likely occur in a time amount of time in comparison to the build up time - perhaps 2 days in totality to wipe out the entire % gains.
So the beauty in shorting is that its opportunistic in nature and exceptionally high returns over short time periods.
The trade is to short at-least 0.525 and above for a good entry.
Target area 0.405-0.375
(roughly a spot 25% GAIN and in a short time period, much higher with leverage.)
I am also naked shorting, meaning without hedging anymore - i would not open a long at these levels so no desire to hedge.
Goodluck,
Asset Mastery
XRP (XRP) - October 10Hello?
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(XRPUSDT 1W Chart)
The 0.4989-0.62 interval is the interval that determines the trend.
Therefore, it is important to be able to support and rise in this section.
(1D chart)
A volume profile section is formed over the section 0.5455-0.6070.
So, the key is whether we can break through this section upwards.
If it falls below the 0.47-0.4989 section and receives resistance, it is highly likely to lead to a further decline, so a Stop Loss is required to secure cash.
If the price is maintained above 0.47, it is highly likely that it will lead to further upside as it is showing an uptrend on the 1W chart.
Therefore, if it rises above 0.62, it is expected to rise to the 0.7418-0.7788 section.
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** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator contains indicators that indicate support and resistance points.
** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor).
** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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XRPusdt 2H Triangle pattern - Update
In the previous analysis, I mentioned the breaking of the upward trend line in the three-day time frame. Now, in the 2-hour time frame, a triangle pattern has been formed, and I expect this pattern to break in both directions. In case of failure, I specified the support and resistance areas in the chart.
Its not Buy or Sell SIGNAL
DYOR
BY : M.TeriZ - @AtonicShark