XRP/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this XRP/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- XRP, formerly Ripple, had significant declines on Friday, falling to a multi-month low of its own.
After climbing to a high of 0.5852 on Thursday, XRP/USD dropped to an intraday low of 0.4681 later in the session.
The move saw XRP dive to its weakest point since May 16, when the price traded around the 0.4300 region.
This drop saw the token marginally break out of a critical support point at 0.4600, wiping out all gains accrued following the ripple ruling.
price strength is now oversold, which prompted bulls to reenter, pushing XRP slightly higher.
the token is trading at 0.5087.
I have tried to bring the best possible outcome to this chart.
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XRPBTC
XRP - Time to buy for a 500% profit! (now)
XRP is currently retesting a major trendline from 2022, and this retest is exactly where you want to buy this coin! This trendline is also part of an ascending parallel channel on the daily chart, which strengthens the support.
What's more, we have had a strong 0.618 FIB retracement on the LOG scale. We hit this level almost to the dollar, so if you bought at this level, congratulations! I share my trades transparently and post trade setups privately.
We also need to take a look at the volume indicator. Clearly, since the downtrend finished in 2022, the bullish volume is overwhelming. That's definitely positive, and XRP could reach much higher levels in the next few weeks and months!
Now the most important question is: what is the profit target, and where do I take it? To answer this question, we need to take a look at the market caps of XRP and BTC. The current market cap of XRP is $33,134,349,311 and that of BTC is $574,121,632,744. The market capitalization of BTC is 17x higher than XRP! This means that XRP could theoretically make a 1500% profit and still be number 2. But be optimistic and stay with a 500% profit because it's possible that XRP will go through a 1-year consolidation period before another huge pump. So you want to use your money on something else if it happens.
From the Elliott Wave perspective, this is really a strong setup. We have a nest (1-2-1-2), which is a bullish base. Now we are waiting for the 3rd wave to finish.
XRP won the SEC case recently, and that caused a 100% pump in a few days. New developments are good and positive, so I don't see any reason why XRP should go down.
We will take a look at all profit targets from a technical perspective in the next update on this post tomorrow.
Thanks for reading! I hope you learn something new, and let me know your thoughts in the comment section!
Areas to accumulate XRP.If the price of XRP goes up then this talking point is moot. However, if XRP continues to consolidate then any buys below the RED LINE and above the GREEN LINE are a good buy. Any buys below the GREEN LINE and above the YELLOW line are a great buy. And any buys below the YELLOW LINE are a fantastic buy!
Don't put all your eggs in one basket, and don't fill the basket in one trip!
WHERE WILL XRP GO? (1D)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ICP symbol.
Although it went up very wildly, but it reached the red drawn resistance that I had specified, it was rejected.
Now correcting for our diametric F wave. If it reaches the green zone, you can buy for the rising G wave
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
XRP Outlook: ☁️ with Downside Potential as Pressure Persists 📉XRP faces clouds or rain in the next 24 hours. ☁️ This translates into a slightly bearish market with downside risk.
Over the next week, XRP is anticipated to face sustained pressure, potentially resulting in a downpour of challenges for this particular coin. 🌧️
Follow us for more crypto weather reports!
XRP/BTC 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this XRP/BTC update by CRYPTO SANDERS.
CHART ANALYSIS:- Against BTC, XRP’s price has been decisively rejected to the downside by the 2,800 SAT resistance level. The cryptocurrency is currently on a steep downtrend towards the 2,200 SAT area.
In case the level holds, XRP is likely to attempt the 2,800 SAT area again in the next few weeks. Conversely, a breakout below the mentioned level would result in a deeper pullback, with the 50-day moving average being the probable short-term target.
I have tried to bring the best possible outcome to this chart.
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XRP/USD 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this XRP/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- against USDT, the price has been constantly declining after being rejected from the $0.9 resistance level. The market is likely targeting the 50-day moving average around the $0.6 support level.
The 200-day moving average trending near the $0.5 mark is also another key support that the price would test in case of a breakdown of the 50-day MA. In any case, the market seems more likely to rebound from these levels and start a new bullish phase.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
XRP/USD 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this XRP/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- XRP, formerly Ripple, remained in the red during today’s session, as the price fell to a multi-week low.
Following a high of 0.6971 the day prior, XRP/USD slipped to an intraday low of 0.6589 earlier in the day.
This is the weakest point that XRP has hit since July 13, when the token was trading below 0.4700.
That day also saw XRP hit its highest point since December 2021, after it was ruled by a U.S. judge not necessarily to be a security.
sentiment has been largely bearish, with the latest sell-off coming as the relative strength index (RSI) broke out of a floor at 49.00.
the index is tracking at 48.60, with the next visible point of support at 45.00.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
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XRP versus Bitcoin - How to play one off the other XRP / BTC – Weekly Performance Time Analysis
A stark realization looking at this chart is just how long bear periods are for the XRP/BTC pair suggesting that you are better to hold BTC until a buy trigger event occurs for XRP.
The POC is a vital area to watch (explained in the chart). If we find support above/on it, we have room for major upside as there is little to no price volume above it.
If these two points above is all you take from this chart, GREAT! More below…
Buy into XRP Trigger Events:
- Test of lower diagonal trend lines
- Break above and retest of POC as support
- Bear periods lasting longer than 23 weeks means start paying attention for buy opportunities
- Break above 20 week SMA (means pay attention also)
Sell into BTC Trigger Events
- Test of upper diagonal trend lines with rejection
- Hitting the POC resistance would be a sell event for me, it will very likely be stiff resistance. You can always re-enter once we find support above it and you can always leave something small on the table to keep you
interested.
- Bull periods lasting longer than 7 - 10 weeks be cautious (take some profits). We are here now.
- Break below the 20 week SMA has not been good for XRP most the time, also if it acts as resistance or if price oscillates around it when is downward sloping, the outcome is typically not great.
Bull and Bear Time Frame Determination:
I have done my best to use any >15% candle close above the 20 week SMA as a bull period. I have also tried to use common sense to try and determine downward or upward price structure…so some of this chart is my interpretation of bullish versus bear price action. However I think the general trend(s) are there to see. You can make your own interpretations also. The chart after all is only to provide some assistance in your trade, maybe help reach a decision, one way or the other.
XRP forming a bullish BAT for next pumpHi dear friends, hope you are well and welcome to the new trade setup of XRP coin with US Dollar pair.
Previously we caught more than 105% pump of XRP as below:
Now on a 2-hr frame, XRP is about to complete a bullish BAT move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
XRP: Strategizing Profit-Taking and Re-entry PointsAs XRP makes strides towards the potential $1 target before September 2023, technical data highlights that this milestone could offer a natural opportunity for profit-taking. The $1 mark's proximity to the weekly downtrending resistance makes it a crucial level to consider for securing profits.
In the event that this scenario unfolds as anticipated, closely monitoring the 50% Fibonacci retracement analysis suggests looking for potential re-entry opportunities around the 0.6430 level. This strategic approach aims to capitalize on chances to reinvest as XRP continues its journey towards reaching higher heights.
XRP will go UP by Symmetrical Triangle🚀XRP seems to have managed to form a Symmetrical Triangle Pattern over the past few days.
Also, XRP has the potential to form an Ascending Channel after breaking the upper line of the symmetrical triangle pattern.
🔔I expect XRP will go UP to at least the 🔴 resistance zone($0.844-$0.820) 🔴 after breaking the upper line of the symmetrical triangle pattern.
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🌐➕ Positive News ➕🌐:
US lawmaker calls on SEC chair to reassess stance on crypto following Ripple ruling.
Judge orders Ripple, SEC to agree to possible settlement dates.
After Ripple won the court, the Volume Trading of XRP surpassed that of Bitcoin.
US regulatory clarity has begun in court after Ripple win: CFTC commissioner.
Banks Could Flock To Ripple’s XRP After Partial Victory, Company CLO Tells CNBC.
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XRP Analyze ( XRPUSDT ), 1-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
XRP LOOKS BULLISHHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the XRP symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
☁️ Trading Conditions; XRP Bucks the Trend & Shines 🌞Cloudy trading conditions loom over the global crypto market ☁️ , suggesting a slightly bearish outlook in the next 24 hours. But wait! Ripple's XRP defies the negative trend, and the predicted ☀️ signals additional upside potential.
Over a one-week horizon, the sun ☀️ should return to the crypto universe, with a slightly bullish market and upside potential for Bitcoin and Ether. However, both XRP and Litecoin may face downside risk.
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XRP - Another 83% - 350% pump is very likely! (must see)
Another 83% pump to 1.3244 from the current price in the next few days or weeks is more than likely! Why 1.3244? It is the next strong resistance because we have there the 0.618 Fibonacci retracement from the previous major wave. Also, there is a trendline from 2018 -> 2021, which is dynamic resistance, but it's near the specified FIB level!
XRP looks very strong because bulls were able to break a falling wedge pattern and an ascending triangle pattern on the weekly chart! Together with the recent bullish news, the XRP coin surged after a judge delivered a huge win to Ripple in the SEC case.
If the bulls are able to break the 1.3244 level, then the next resistance I see is the previous all-time high from 2018, which is at 3.2834. But make sure to sell your XRP here, because it's probably not going to break on the first touch. And a 50% or 70% crash from this level is very possible!
The market cap of XRP is $38,028,893,068 compared to ETH $232,527,075,117 and BTC $589,643,779,223. The market cap of XRP is pretty big already, so there is not too much room for some crazy 100x profit. Make sure you understand it if you are a hodler and expecting moon gains. 350% to reach the previous all-time high is definitely possible in the medium term.
What do you think about XRP? Let me know in the comment section right now!
This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately.
XRP pumped from 0.49 to 0.92 and made a 100% profit in a single day. It was rejected by the 0.618 LOG FIB and the middle of the previous triangle from 2021. Now the price is around 0.72, which is a pretty good pullback to buy XRP.
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From Sunny Skies 🌞 to Cloudy Days ☁️: What's Next for XRP?Sunny trading conditions lie ahead for the global crypto market in the next 24 hours 🌞, thanks to a landmark court ruling in the US benefiting the entire crypto universe. A slightly bullish market with upside potential is thus likely.
Over a one-week horizon, the sun will continue to shine ☀️ over the crypto universe, though XRP may face some clouds ☁️ and a potential downward trend as investors cash in their profits.
Follow us for more crypto weather reports!
XRP IS BULLISHHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the XRP symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You