XRP/USDTSelling volumes contracted yesterday morning and the XRP price decline came to a halt at the July low of USD 0.586.
Buyers on low volumes were able to restore the pair above the 0.600 USD level, and test the two-hour EMA55 at night.
It has not yet been possible to break above the level of average prices, but after a shallow pullback, the recovery may continue above the POC line (0.624 USD).
XRPBTC
DATA SHOWS BITCOIN STILL INTO BREAKDOWN TREND WHAT NEXT?Hello trading friends,
Bitcoin is still in the short trend also with the small increase candle we have seen to around 33K trend.
Bitcoin has an important zone 33170+ to get confirmed into uptrend area, as long this not happened, bitcoin will return into breakdown trend.
There are 2 important points of confirmation and it means not just a price hit.
First are the price confirmation, it should stay above the trend, and not only hitting the trend, and second, the time frame confirmation should be done to get the trend confirmed and activated for an uptrend.
In case of the trend breakdown, where is bitcoin going?
Nobody will know the future, the only we can do are expecting depending on data and trend and the next results can be important for BTC.
31800 and 30900 can be very important targets for the short trend if we don't get an uptrend activated.
Trade safe, and have great trading times!
Like follow for more trends - thank you
The Only Technical Analysis You Need: Emergency Update!!!!Be fear not, if you've been following me on my TA then these dips are expected. But let me tell you the rational behind the market right now to give you some peace of mind and some idea of what might happen next.
Like I said before, Alt coins are correlated to Bitcoin, and Bitcoin is correlated to the Stocks market.
You cannot make TA about XRP while disregarding Bitcoin and the stocks market. If the stocks market go down, so will BTC, and so will XRP.
Now why are we dipping? To put it in simple terms. The stocks market is reaching its peak and is becoming more unstable as it gets higher therefore the expectation is that there will be huge incoming correction for Dow, S&P, and Nasdaq. Everyone is pulling out their money in different markets, including the crypto market, to protect their assets and investment from this anticipated correction.
The dip you're seeing now was partly the result of the CPI data (inflation report) that came out this morning, which reported a spike in inflation, therefore sending the stock market into panic. But the most important part was the Bond Auction data that came out later in the afternoon today, at 1pm exactly which is now sending the market even deeper.
Now here's the play, when inflation goes up the FED usually raises the interest rate, and when the rates are high, the bond goes down. The bond market is going down, taking all of the market with it, in anticipation for the FED's chairmans testimony tomorrow at 12pm. IF the chairman says anything about inflation and the rates, perhaps that will be the catalyst for the stock market correction and the crypto dip we've been anticipating since last month.
If that happens, then according the indicators we'll be expecting a 5-15% correction of the stocks market, and I'm expecting it will be even worse in the crypto market, perhaps the biggest dip this market will ever see so far during a bull run. If not then there's a possibility that we will have a major fake out all the way to 40-50k BTC before going down to the target I've indicated. This dip will not happen in a day but perhaps gradually. Now I'm not here to spread FUD or anything, just relaying these information like I've been doing since the beginning. It's completely up to you what you want to do and this is not a financial advice.
stay safe trading everyone
xo
XRP Ready to Launch!Hello IWealth Here, I have been Trading and Teaching for 7 years. and im happy to share my idea that could help you in the crypto space.
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XRP/BTC loves to make triangles/ falling wedge. If we look back in history you can see the pattern are very similar and now its just a waiting game. Eventually we can see it back to all time high in the next year or two. Be patient and stay safe everyone.
XRP ready for takeoff!!?Xrp versus bitcoin, we have found what seems to be a pretty solid floor for xrp shown by green support and we have been in a confirmed downtrend since early june, but i noticed we are starting to see some life here! Pirce action has broken above the midline on the bollinger bands and we are now looking to grab ahold of that top band to go for a ride upwards, that aswell as the bollinger bands have been squeezing pretty hard on our candles and that means volatility is shrinking but we are due for a massive move, now the bb don't say which way this move is going but i got a feeling looking at other indicators and PA trying to reach that top band we are due for a big move up! Looking at the RSI we have found slight uptrend support and we are curling very nicely to the upside, the real test for xrp will be when the rsi reaches that 50. point midline, we need to blast through it and be able to hold that level if XRP wants to be the front runner in this lagging market, we need that confirmed uptrend to do so! Now the Stoch RSI has also found nice uptrend support with both our blue and orange starting to shoot upwards, we have lots of room to run up until we are considered overbought. Everything for the most part looks great for xrp right now and maybe we could be starting to see a trend reversal for altcoins, a lot of alts look fantastic against BTC right now but as im sure you all know everything is affected by BTC and where BTC heads! Not financial advice just my opinion!
XRP Immediate Bounce !!XRP we believe in the short term will have a nice pump to the upside to its first resistance sitting at 0.80s, we may have a slight pullback to 0.70 to retest if that hold we can trend higher to next resistance around $1. There is a possibility that we can see a rejection from $1 back down to the main support around 0.60. Eventually we will get squeeze in and have to see how it plays out!
Ripple (XRP) - July 10Hello?
Welcome, traders.
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(XRPUSD 1W Chart)
If the price holds above the 0.51383 point, it is expected that the uptrend will continue.
In particular, if the price is maintained above the 0.71097-0.88410 range, it is expected to create a new wave.
(1D chart)
If the price finds support at the 0.56254-0.70391 range and moves up to maintain the price at the 0.70391-0.98663 range, I would expect a reversal to an uptrend.
If it falls in the 0.51383-0.56254 range, it is possible to enter the mid- to long-term investment area, so careful trading is required.
However, as long as it does not fall below the downtrend line, it is expected to rise, so you should be prepared for this as well.
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(XRPBTC 1W chart)
If it rises above the box section of 653 Satoshi-4264 Satoshi, it is expected to create a new wave.
It remains to be seen if it can rise above the 2413 Satoshi point and create hope for an upside.
(1D chart)
If the price is maintained in the 1724 satoshi-2220 satoshi range, it is expected to turn into an upward trend.
In particular, we need to see if we can climb to the 2220 Satoshi-2413 Satoshi section.
If it falls in the 1476 satoshi-1724 satoshi range, it may enter the mid- to long-term investment area, so careful trading is required.
However, as long as it does not fall below the downtrend line, it is expected to rise, so you should be prepared for this.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(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.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
The Only XRP Analysis You NeedIt's possible they will do one last fake out (.71-.80~ area) before we dip to .44-.30 area where we will most likely consolidate for the next few months.
When we do dip to the next consolidation area, expect the shills to go on full bull run mode saying that the correction is over. DON'T BUY THEIR B.S.
XRP is correlated to BTC. Sorry folks the narrative about decoupling is still few years from us, so for now we stay with what's true. If BTC goes down, so will XRP. Now about the other catch. BTC is correlated to the stock market. If S&P and Dow even make a 4% correction, expect BTC and the entire crypto market to plummet. Every indicator right now is pointing towards the stock market having a major correction, perhaps more than 4%, in the near future. Maybe even the next few weeks. Which is the switch I'm looking for to send XRP down to my targets.
The three targets I have on the chart are .21, .16, and even .10 cents per XRP.
These targets will be where the whales are waiting so I expect these to be quick wicks that will last no more than 30 mins to an hour before we go back to the consolidation area.
The longer BTC consolidate on the 30k area, the higher the chance that we will plummet to these expected targets.
XRPUSDRipple remains flat and has not moved up, nevertheless, buyers maintain a slight advantage in strength, which contributes to the rise to at least $ 0.78. In the best scenario, it will be possible to test the resistance of $ 0.85 by the middle of the month. The hype about the trial is gradually dying down, a new round of market growth will begin soon and Ripple at its peak may well reach $ 2, but this will not happen until the end of August.
If you like my idea, follow me for more.
XRP/USD ($0.5 Area Strong Support?)💎Technical Analysis Summary💎
XRP/USD
-The XRP bulls failed to claim above the $2 mark last April 2021
-After consolidating around $1.5 for a week, the market decided to go down
-The price is back to the average and it is currently trading at the key interest zone
-The $0.5 area is acting as a buying opportunity for long term investors for now
-This region has been respected multiple times as support and resistance since 2018
-If the bulls can flip this area as support, I think a bigger chance to retest the $2 is likely
-For now, we will have to wait at least 1-2 months if a form of the base will be established
-As we all know, everyone is waiting for the big move of Bitcoin
-We will be patiently waiting and be ready when the oppurtunity presents itself
-Good luck and stay safe everyone!
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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
The Only XRP Technical Analysis You Need: EMERGENCY UPDATE!!I keep seeing YouTubers "technical analysts" post day after day announcing "bullish signal breakouts" only to post "we failed to break the resistance/target" videos the following day ever since the predicted crash happened in May.
So, let me tell you straight up about the game that's being played here.
They're manipulating you. STOP BUYING THE SHILLS.
THERE ARE NO INDICATORS RIGHT NOW SAYING THAT BITCOIN IS IN A REVERSE TREND.
SO THE ONLY TREND RIGHT NOW IS DOWN. ANYBODY WHO SAYS SO ARE ONLY MANIPULATING YOU TO ELIMINATE COMPETITION WHEN BITCOIN DIPS DOWN TO 20K.
-The price is all below moving average = BEARISH
-Head and shoulder pattern = BEARISH
-The RSI haven't even put any reverse trend signal and still have some space on being oversold = BEARISH
-Blood Diamond pattern forming = SUPER BEARISH
-MACRO AND MICRO downtrend pattern = BEARISH
-Elliot wave still aren't complete for the 5th wave downwards = BEARISH
YES. YOUR FAVORITE YOUTUBER CRYPTO ANALYST IS MANIPULATING YOU. AND YES, THEY'RE PAID BY THE MARKET CREATORS WHICH ARE THE CRYPTO EXCHANGES.
They will shill these coins as bullish to make you buy in at 30-38k BTC range to trap you into spending your money over these false breakout and advice you to buy these 30k dips masking it as "dollar cost averaging advice" so when the real dip happens you'll be out of spending power and that they will have no competition in buying these 90% off sale Alt coins when BTC dumps to 15-20k. Which they will then later shill to you as bullish when they start spiking up the prices for retail traders FOMO kick in.
BTC will go to 20-24k range and possibly lower and it will drag the entire market down with it, I guarantee you. Be patient and don't play their game.
Another interesting XRPBTC fractalSo when trying to understand what the hell XRP is doing, I looked at the chart further back in history.
Then I noticed an interesting fractal pattern early in XRP's history, in the 2013-2014 era, when the coin was still young.
Turns out, XRPBTC back then did something extremely similar. Eerily similar actually, and that although the situation back then was absolutely different.
It did the same doube peak structure, then the fakeout pump, and after that dropping even lower, before then starting to recover and kreeping slowly upwards in XRPBTC for a very long time. Basically it kept creeping up for a year until there was a pretty impressive rally in XRPBTC in the middle of the BTC bearmarket.
This is a rally that many people seem to forget. I don't know what happened back then, even though I was in the market, back then I had other coins and didn't yet understand the utility of XRP.
So XRP can do rallies even in BTC bearmarkets, I assume there must have been some kind of strong bullish news.
The similarity to today is obvious: Depending on when the SEC case is resolved, I assume XRPBTC will be creeping upwards slowly, and then when the case is resolved, BOOM, XRPBTC will see a rally no matter what BTC does. Repeat, no matter if BTC is in a mini bearmarket or if it is at 200k.
I have been following the case, and I think the probability for settlement is extremely high, followed by XRP winning the case. But since the SEC cannot sue other crypto companies if Ripple wins, hence those A-holes won't get funds from penalty fees (yes this is actually the business model of this very cool and absolutely not corrupt UA government agency), they will most likely settle so that they can continue suing. Or Ripple will decide not to settle and crush the SEC, so that the crypto sector is protected in the future from their immoral suing behavior.
Anyways, so depending on WHEN this happens, I assume that we will then see an impressive rally in XRPBTC, and until then a slow creep upwards.
As always, what does this mean for XRPUSD? Well, this of course depends 100% on BTC, so please keep that in mind.
If BTC does the mini bearmarket now, accordinlgy the XRPUSD price will be lower. So for example settlement is reached, XRPBTC starts to rally for 6-8 weeks, peaking at 0.00025-0.0003, and BTC is at only 30k-ish at the peak, we are looking at a top of 7-9 USD.
However, should the case drag out until late 2022, and BTC is then already at 200k, accordingly this means that XRP will surge from a baseline of a few dollars, to around 50 USD.
We must be patient :) But I still believe the reward will be worth it.
Until then, XRP will just follow BTC. So one can trade XRP like BTC.
I think that BTC will revisit 15-20k, so one could sell a portion of XRP now in the bounce to 50k, and rebuy XRP lower when BTC hits 15-20k.
That would be a possible trading strategy.