XRP/USDT 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this XRP/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- XRP, formerly Ripple, was one of today’s biggest movers, climbing by as much as 5% earlier in the day.
Following a low of 0.5036 yesterday, XRP/USD raced to a peak of 0.5455 during Friday’s session.
This resulted in the token hitting its highest point since August 29, which is the last time the price hit a ceiling of 0.5490.
it appears that the move came as the 14-day relative strength index (RSI) rose beyond a ceiling of its own at 56.00.
the index is tracking at 58.67, with the next visible point of support near the 60.00 mark.
In the event the 60.00 ceiling is broken, there is a good chance that XRP will climb beyond 0.5500.
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Xrplong
XRP/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this XRP/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- XRP was back in the green on Friday after the Bulls abruptly ended a three-day win streak during yesterday’s session.
Following a low at 0.5025 on Thursday, XRP/USD moved to a peak at 0.5134 earlier in the day.
The surge saw XRP, formerly Ripple, once again make strides towards a key resistance level at 0.5450.
it appears that the rebound came as the relative strength index (RSI) climbed back above a ceiling of 47.00.
price strength is now sitting at 48.72, with the next visible ceiling near the 54.00 region.
In the event this target is hit, there is a strong likelihood that XRP will move above 0.5400.
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XRP/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this XRP/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- XRP, formerly Ripple, was a notable gainer in today’s session, as the token raced to a multi-week high.
Following a low of 0.5092 on Tuesday, XRP/USD raced to an intraday peak at 0.5233 earlier in the day.
As a result of the surge in price, XRP climbed to its highest point since August 31, when the price peaked at 0.5285.
the move came as the relative strength index (RSI) broke free of a ceiling at 48.00.
At the time of writing, the index is tracking at 50.66, with bulls possibly targeting a ceiling at 58.00.
In the event traders reach this target, there is a strong chance XRP will move above 0.5500.
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XRP/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this XRP/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- XRP was a notable gainer on Friday, as the cryptocurrency climbed higher for a fourth straight session.
XRP/USD peaked at a high of 0.5051 earlier in the day, which comes a day after trading at a low of 0.4824.
As a result of today’s gains, XRP, formerly Ripple, rose to its highest point since September 1, when the price traded at a high of 0.5115.
the move occurred after the token broke out of a resistance level at 0.4920.
This took place as the relative strength index (RSI) briefly escaped a ceiling of its own around the 38.00 mark.
Price strength now sits at 38.42, with the next visible point of resistance at 42.00.
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XRP/USDT 1DAY UPDATE !!hello, welcome to this XRP/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Detailed examination reveals a multi-week consolidation phase that unfolded after a bullish bounce above the 200-day MA in mid-August. Ripple price saw minor volatility during this consolidation period, remaining close to the 200-day moving average, at around $0.51.
However, the scale tilted in favor of sellers as supply outstripped demand, leading to increased selling pressure and, as a result, a drop below the 200-day moving average. This MA is generally considered an important level of support or resistance, and its violation underlines the prevalence of bearish sentiment in the market, with the potential for further downside.
While a slight upward retracement, creating a pullback towards the broken MA remains a possibility, the overall outlook for Ripple is bearish, with the next likely destination being the critical support area at $0.42. Therefore, the upcoming price action is extremely important, as it could potentially determine the path forward for Ripple.
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XRP/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this XRP/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- A closer look at the daily chart shows a notable drop in XRP price due to elevated selling pressure and an increasing bearish sentiment.
The price slipped beneath the crucial 100-day MA at 0.55, reaching the 200-day moving average at 0.5. This downward movement has disrupted the bullish trend, resulting in a rejection.
a sudden rebound pushed the price back above the 200-day moving average (the Grayscale’s win over the SEC pump), only to reencounter rejection, leading to another dip below the significant MA. This particular support area carries substantial weight, and if support holds, it has the potential to halt further declines.
Nevertheless, a breakdown below the 200-day MA, followed by a subsequent pullback, could signal the beginning of a medium to long-term bearish trend.
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A 'major breakout' in XRP will occur on or around...I'm calling this prediction the 'Phi Breakout.' On July 2nd I predicted a false breakout and a major breakout would both occur in XRP. Although my dates were wrong, the false breakout occurred on July 13th. I'm now adjusting the date for the major breakout based on my mathematics.
I'm predicting that on or near September 22nd 2023 we will see the 'major breakout' in XRP that we have all been expecting. Here's how I came to that assessment.
The Ripple/SEC case was settled on July 13th, which was the 164th day of the year.
164 days times Phi (1.618) = 265.35 which would be September 22nd at 8:04 a.m.
I also believe based on my math that another event will occur with XRP on February 18th 2024 which would be 265.35 (Sept 22nd) times PI (3.14) which would be 514.96 or February 18th 2024 between 10:57 p.m. and 10:58 p.m., but I'm not sure what it's going to be yet, so I will reassess later assuming my September 22nd prediction is correct.
So, we'll see if my theory about using sacred geometry to predict price movements in stocks/cryptos proves to be correct, as that 'major breakout' prediction date is only weeks away.
Happy trading folks, this isn't investment advice, just my theories!
XRP/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this XRP/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- the price has held above the 200-day moving average, around the $0.5 mark, over the past few weeks. However, the price is currently testing the 200-day moving average. If this moving average breaks down, the price will drop quickly towards the $0.43 level.
On the other hand, if the price rebounds from the 200-day MA, this could lead to a bullish move towards the $0.55 resistance zone. Yet, given the RSI indicator showing values below 50%, it is more likely that the bearish scenario will play out.
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#XRP - Where the price will go?#XRP
Currently #XRP is in the range between 0.56$ (resistance) and 0.47$ (support)
As the coin is in the downtrend, I would set limit orders to short from resistance levels (red lines) that you can see on the chart and would keep my shorts till very strong support levels (green lines on the chart) where I expect to see significant bounce.
To be more clear:
1. The coin is in the range. Breaking through resistance level (blue line) can lead the coin up until 0.567$ where it can reject and return to 0.479$ level.
2. #XRP breaks through 0.567$, in this case the way to 0.67$ opens, where we can see rejection and price return to 0.567$ and probably below.
3. #XRP breaks through all resistance levels and in this case we can see the coin at 0.817$
4. Coin consolidates, closes with 4H candle at 0.47$ and below in this case the way to 0.3627$ opens and probably we will be able to see the coin lower.
XRP TECHNICAL ANALYSIS \ STOP LOSS INDICATORS BITFINEX:XRPUSD
On the daily chart
Broke out of the pendant and dumped
We break into the red box > I/m shorting
Break into the green I’m running long game
Possible pattern occurring in relation to the previous Bull flag formation
We may trade sideways for a little and break to the upside again
Who knows. I sure don’t.
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.
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XRP/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this XRP/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- XRP, which fell by as much as 5% during today’s session.
After peaking at 0.6623 during yesterday’s session, XRP/USD plunged to a bottom at the 0.6253 level.
XRP, formerly Ripple, has been on the decline since its peak of 0.9479 on July 13, which was a 20-month high.
The latest drop coincided with the RSI failing to break out of a key resistance zone at the 46.00 region.
In the event momentum remains bearish throughout the week, XRP could be moving towards 0.5000.
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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.
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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.
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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.
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XRP The Fall of the RiseHello fellow traders!
In this analysis we will talk about the XRP
In short! very bad picture!!
still,
1. Cardano Founder Is Done with XRP (u.today)
2. XRP Supporter John Deaton Jumps into SEC v. LBRY Case
3. Ripple, SEC make final bids for a quick win in XRP lawsuit
4.
5..
..
...
and many more to be written!
while price falls Whales add more XRP amid rumors of lawsuit ending
interesting piece..
let's consider this scenario:
coin image is for sale
the price falls more
whales buy a big chunk then the value will rise
the whales sell at a profit and the price falls again and we are in the red... (the good scenario)
then let's wait a little longer and then buy
If you liked this idea or if you have your own opinion about it, write in the comments.
Thanks for reading!
Xrp, We meet again at LastXrp has formed a double harmonic pattern(Abcd extension and double bottom) , broken out, reformed second line of support, held and retested 50 ema. So we will take this 9% move at 20x up to resistance and reassess.
XRP is a great coin for a casual trader at 20x, not much volatility re % changes. Support is auto recalculating so I will update once finished.