XRP - Ready for breakout?Hi, this is my new update for XRP. Finally XRP is moving higher.
Right now XRP has a big resistance around 0.59 - 0.60 and at the same time we have also down trendline.
The good news is that we held the uptrend very well in the last 6 months and the price is getting very tight between the up trendline and down trendine. Since the market is very bullish now I expect that we are going to break the trendline and move much higher.
Once we break the resistance 0.60 the next stop is 0.71.
As long as we close daily candle above the 100 & 200 SMA things are very bullish for the next couple of weeks, so be patient good things take time.
Xrplong
XRP Chopping Up: XRPBTC Breakout OVERDUE📉Hi Traders, Investors and Speculators of Charts📈
XRP is notorious for pumping and dumping, but even after the wallet "hack" of Chris Larsen, the price is still making higher lows.
From a macro perspective, we can clearly see the price increase - gradually, but we're stair stepping up. XRP usually dumps harder than BTC when there's a correction and the XRPBTC chart is still in prison. However, if we consider this chart, it is more likely that XRP will GAIN ground n BTC soon, instead of weakening more against BTC:
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BINANCE:XRPUSDT BINANCE:XRPBTC
Warning! XRP looks like it's about to fall of a cliff!XRP has dropped below the bottom descending wedge trend line, and is now in very dangerous territory! If price fails to get back above the lower trend line, it looks like XRP will literally sh@t the bed, and fall off a cliff! If this is the case, we could see XRP in the lower .40's quicker than you think.
Selling into the market by short's opening short positions, forced liquidations from spent long positions, and panic selling by investors/traders who bought in the mid .50's hoping for a rebound, may cause 'The Perfect Storm!'
This will be very interesting to watch!
XRP may attempt to make a move to the .6239 level.XRP has of late been lagging behind many other popular cryptocurrencies, which has disheartened many long-term investors, causing them to abandon the XRP ship they've long treasured. I hold and am still adding to a long-term position that I will likely hold for many years to come, even though I am generally more of a day/swing trader than I am a long-term investor. But the charts do seem to now be showing the potential for a move to around the $0.6239 level.
XRP is one of those cryptos that likes to drag its feet until nobody is paying attention, then it makes a sudden, massive and unexpected move. Right now, with sentiment turning from positive obsession to sheer and utter frustration, in my opinion, could quickly turn into one of those times when XRP just kicks the doors off the charts and makes a large move very quickly!
Even though I'm bearish at this point overall, as a trader, I always keep my eyes open for potential profitable trades. Traders must be flexible and malleable to be successful, as trends tend to pop up out of nowhere and/or reverse on a dime. Not being willing to ditch an old idea, theory, or strategy and embrace change will keep you watching rather than participating.
Good luck, and always use a stop!
Will XRP experience an epic PUMP, or an epic DUMP?The chart isn't really that clear right now, and could go either way. There's an argument that there's still a ton of room to the downside/about to fall off a cliff. And, there's also an argument that XRP is about to bounce like a kid jumping off the roof on to a trampoline.
What do you think?
XRP HOLDING CRITICAL SUPPORT! LAST SHAKE OUT BEFORE 1.13$After the critical liquidation that took place today, 03/01/2024, XRP is fighting to hold the 0.55$ support.
IF XRP manages to close the daily higher than the GREEN trendline, at around 0,55$, we are good for continuation and the continuation of the automatic rally.
This recent crash was to liquidate retail investors due to the recent immense increase in the Altcoin market.
Do not get distracated. DO not doubt about the current situation. They want you out for whats to come in the next 1-2 months.
XRP is set to reach at least 1.07$-1.13$ in the upcoming days, maximum reaching 1.30$ if it overextends.
This is time for accumulating more XRP. Don't lose focus!
Cheers!
XRP/USDT 4HOUR UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this BITCOIN update from Crypto Sanders.
Chart Analysis:-4-hour chart, Ripple’s ascent faced significant resistance around the 0.74 level. Heightened selling pressure in this critical region led to a notable decline, characterized by an extended retracement towards the 0.5-0.618 Fibonacci levels.
Despite subsequent attempts by buyers to push the price beyond the 0.74 threshold, these efforts proved unsuccessful. This price action signifies market uncertainty, with Ripple undergoing a consolidation phase accompanied by low volatility.
substantial support is evident in the price range between the 0.5 and 0.618 Fibonacci levels. A potential decline below this critical range could signal an imminent significant downturn for XRP, and market participants should brace for notable changes under such circumstances.
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XRP/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this XRP/USDT update from Crypto Sanders.
Chart Analysis:- XRP is also bullish and managed to book a 5% increase this week. However, the resistance at 68 cents is still to be broken before this cryptocurrency can aim for higher levels.
The support at 57 cents held well, and considering that buyers are dominating the market right now, XRP could continue to perform in the coming week.
this cryptocurrency could break the current resistance and aim to reach the previous high from July when XRP got close to $1.
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XRP → Ripple Target Set to $0.75!? Let's Maximize Your Profits.Ripple has its sights set on the Resistance Zone at a price range of $0.715 to $0.75! We're currently breaking out from the Bull Channel to the upside. Do we long now?
How do we trade this? 🤔
If you're going to long, Do it at the close of this 4HR candle in 30 Minutes! The best place to long would have been a couple of candles ago when the price was at $0.63 to $0.635, giving us a 1:3 Risk/Reward. A long now could still render a 1:2 Risk/Reward which is still reasonable! However, the position size needs to be smaller to accommodate the larger distance to the Stop Loss.
Zoom into the 4HR chart and look for this candle to close in about 35 Minutes. If it closes above the Bull Channel, enter a long and set your protective stop below the Daily 30EMA. Go for a 1:2 Risk/Reward Ratio which sets a Take Profit target around $0.72. Be prepared to take profits once we approach the Resistance Zone, look for Bear signal and confirmation bars that tell us the move is over and it's time to exit!
💡 Trade Idea 💡
Long Entry: $0.6533
🟥 Stop Loss: $0.6200
✅ Take Profit: $0.7200
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Bull Channel, Bias to Long!
2. Price is currently breaking out, Target Resistance Zone.
3. Forming a Cup pattern, likely going to retest previous High.
4. RSI at 65.00 and above Moving Average, Bias to Long.
5. Target 1:2 Risk/Reward, Stop Loss below 30EMA.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
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XRP → Quick Dip Before The Rip!? Let's Maximize Your Profits.Ripple is currently in a slight bull channel inching its way back up to the $0.64 resistance level. Will XRP break it here or fall down to the $0.58 range before breaking through?
How do we trade this? 🤔
XRP is in a bull channel, which means our bias should be long until the pattern is broken. We should be seeking a strong bull signal and confirmation bar toward the bottom of the channel, somewhere in the $0.60 range. Set a protective stop around $0.58 and a take profit at 1:2 Risk/Reward, a reasonable setup for a chart like this.
Do not be premature about entering the market, wait for the bars to close and enter when the confirmation is in to maximize probability.
💡 Trade Idea 💡
Long Entry: $0.60
🟥 Stop Loss: $0.58
✅ Take Profit #1: $0.68
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Bull Channel, Bias to Long!
2. Wait for the price to bounce at Channel Support.
3. If Price Breaks Resistance, Wait for Test of Support.
4. RSI at 53.00 at Moving Average, Indecision.
5. Target 1:2 Risk/Reward at bottom of Channel.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and comment if you found this analysis useful!
XRP (UPDATED!) → Ripple Higher Highs! Long the Moon Candle!?Ripple has formed another pattern for us to take advantage of! My previous analysis showed a bear channel followed by what looked to be a forming double bottom. Now we have an ascending channel that appears to be putting in a second higher high.
How do we trade this?
We have most of the pieces we need to long with one crucial exception; the bull confirmation candle. The ascending pattern, higher highs, price above 30EMA and 200EMA, and RSI above the Moving Average, are all requirements for the long entry and we have them on this chart.
Things to watch out for . Bitcoin as a leading indicator is at its Weekly Resistance, we need to be aware that if Bitcoin reverses here, it could stall market sentiment to the upside. Be ready to respond to a bear signal and follow through with any such long position.
Trade Idea
Long Entry : $0.62
Stop Loss: $0.60
Take Profit: $0.66
Risk/Reward Ratio: 1:2
Key Takeaways
1. Three Legs Down, Trend Reversed.
2. Two Higher Lows, confirming the second.
3. Price above 30EMA and 200EMA. Wait for a Confirmation Candle.
4. RSI at 55.00 and above Moving Average, Bias to Long.
5. Target 1:2 Risk/Reward.
You are solely responsible for your trades, trade at your own risk!
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XRP to 1.20 before retesting 0.50 at the longer term trend lineAs per the diagram below, fairly self explanatory. Price could easily move back in to our DCA or Buy Zone ranges before taking out the .85 level on the way to 1.20 where i intend to sell all my XRP. I fully expect a retest of the longer term trend line before the actual bull market commencement for XRP. I expect a move in to the sell zone before the end of Q1 2024.
XRP broke out of a descending wedge pattern on the daily chartFor the past two weeks, BINANCE:XRPUSDT has been in a descending channel. Price just broke out of this channel, making higher highs for the first time in a while. If this maintains, we could see a retrace back up to $0.73.
Are you bullish on XRP? Now is a good time to load up your bags!
XRP - Top Gainer, HEAVILY OverboughtHi Traders, Investors and Speculators of Charts📈📉
As promised, a short term update on XRP.
It's important to remember, the price action we're seeing on most altcoins right now is due to rotations between BTC and alts. More info on this topic here:
XRP is notorious for making untimely, parabolic increases and falling just as hard shortly after. XRP can trade with an extremely overbought RSI for days and usually defies natural technical indicator logic (such as a pullback after hitting 100 on RSI), therefore trade with extreme caution.
I'm labelling this idea as 'long" although I wish there were other options to choose from. Perhaps bullish or bearish, short - near or long term etc.
Understand that I do not mean to indicate LONG XRP. I am quite against trading leverage on risky coins, but considering those are my options - I do see the price going up, that is just what happens in bull markets so ...long.
The path to $1 is clear, but first I expect another rotation back into BTC.
I have my targets set to make sure I catch those untimely wicks.
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BINANCE:XRPUSDT
XRP is above the 200 d.m.a. on the weekly chart.XRP is now above the 200 day moving average on the weekly chart which is a good sign. It's not a guarantee that XRP price will rise, but if you take into account other factors, it can make it easier to time out trades.
At this point I think that HODLing long term is the best play. The dollar, and most currencies around the world are losing value rapidly, and we may soon start to see the obvious tell-tale signs on hyperinflation.
XRP/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this XRP update from Crypto Sanders.
Chart Analysis:- XRP rose to a two-week high on Friday, following a decision by the Securities and Exchange Commission (SEC) to drop its case against Garlinghouse and Larsen.
XRP/USD peaked at 0.5291 earlier in the day, which comes following a low at 0.4831 the day prior.
As a result of today’s high, the ripple rose to its highest point since October 5, when the price peaked at 0.5325.
Earlier gains have now eased, which comes as the relative strength index (RSI) failed to move beyond a ceiling of 57.00.
At the time of writing, price strength is now tracking at 56.32, with the next visible floor at the 50.00 level.
The 10-day (red) moving average has also begun to trend upward, increasing the chances of an upward crossover in the upcoming days.
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It's now make or break for XRP.XRP is at a crucial juncture. If it breaks below the lower trend line it will be an utter disaster going possibly as low as .16 - .23 cent range. If it gains momentum it could easily run to the upper trend line range in the 1.19 range. If it breaks that then hold on tight!
XRP/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this XRP update from Crypto Sanders.
Chart Analysis, Ripple, was another notable mover on Monday, falling by over 4% in today’s session.
After reaching a high of 0.5218 on Sunday, XRP/USD plunged to a bottom at 0.4975 earlier in the day
This resulted in the world’s fifth-largest cryptocurrency moving to its weakest point since September 18.
Monday’s move occurred as the RSI retreated towards a support level at the 43.00 mark for the first time in three weeks.
the index is now at a reading of 43.60, with ripple trading at 0.5014, following a three-day losing streak.
In the event that the RSI falls under 43.00, XRP will likely edge below 0.5000 in the upcoming days.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.