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XRPUSDT: Massive Breakout Imminent Hi all, XRP has been consolidating for nearly 2 years. Lackluster performance overall can be attributed to the ongoing Ripple v. SEC lawsuit. As seen on the above chart, a major breakout is expected any day. This pattern can be looked at as a symmetrical triangle. Symmetrical triangles don't carry a usual direction and often break out either way. The major level to watch is 0.396 (shown with a dashed green line). Once we see price acceptance above this level on a higher time frame, price should move north fast. The judges decision in the suit will likely cause a major volatile move. Logically, if it is ruled in Ripples favor, XRP should fly to the green zones, otherwise look towards low 0.20s with an unfavorable ruling. The structure formed since June 2022 is odd to say the least. Its been seen two other times in history. 1st time was in early 2017 before XRP surged to 0.45 from 0.005. Second time was Dec 2018 - Apr 2019, which ultimately happened before its year long journey to 0.10. Overall, using multiple pieces of analysis, it looks more similar to the early 2017 structure. Otherwise, its more of a guess to what occurs in the lawsuit ruling, which should highly impact price. Keep a close eye the next few weeks. See below for more analysis. Please like and comment!
by traderview2
3
XRP - SHORTS DONE ✅ BUYS ALMOST READY... 🕤In our last analysis, we had a level we were watching for SHORTS. Price came to that level and rejected perfectly and dropped over 35%. This was only a short term trade. Now we're getting ready for the longer term trade idea, which could show us gains of over 300%! Trade Idea: - Watch the structure level if we move down there and watch for a bounce - alternatively, wait for a breakout of the red descending trendline and enter - Stops below the recent lows - Targets: 1, 1.4, 2, HODL the rest See linked chart for our previous XRP analysis. Goodluck, trade safe!
BINANCE:XRPUSD.P
by WicktatorFX
1
RIPPLE - Watch These Levels ⭐️There are a few levels we're watching for XRP. If we continue to push up from here, we'll be looking to sell once more back to the buy zone. If we drop from here, we'll be looking to buy XRP for the long term from our buy zone. It's still unclear which way it will go so its a good idea to have these levels marked out and play what we see based on price action rather than be stuck to one bias. SHORT Trade Idea: - Watch for price to come to the sell zones (before it goes to buy zone) - Once bearish price action appears, draw trendline and monitor it for break - Entry on break of trendline with stops above - Targets: The buy zone BUY Trade Idea (SWING): - Once price reaches the buy zone, wait for a strong bullish reaction - enter with stops below the bounce - Targets: 1, 1.4, 2, HODL the rest Goodluck and as always trade safe!
BINANCE:XRPUSD.P
by WicktatorFX
7
RIPPLE - The Next BUY ZoneWe may seeing a brief retracement period, which could bring XRP down between the 0.5 and 0.618 fibonacci levels where we have moving average confluence as well. We'll be looking for bullish price action between 0.70 and 0.75. Trade Idea: - Watch for price to retrace back to the fibonacci levels - wait for lower timeframe trendline break to indicate bullish pressure - Enter with stops below the rejection - Target the previous highs but hold some for the major bullrun Goodluck!
BINANCE:XRPUSD.P
by Altsignals
1
RIPPLE - The Perfect Reversal! 🔥Since early December, we've had our eyes on the 0.50 - 0.55 level and kept mentioning that that was our reversal zone. Since then price came back down to our reversal zone and bounced perfectly! We posted an analysis on XRP when we were at the bottom and looking for a reversal. Currently it's up by almost 40% and that's just the start of it. Expecting a LOT more from Ripple. If you haven't entered already at the bottom, keep an eye out for our charts as we'll be posting continuation setups! See below for our previous XRP analysis.
BINANCE:XRPUSD.P
by Altsignals
1
RIPPLE - Bottomed Reached.Late last year, we posted a Ripple analysis with the view that we will be reaching the 0.55 level. We have finally reached that level after a drop of almost 40% from our last analysis! Now that we're at the bottom, what next? We need to see if this level holds. As Ethereum and Bitcoin have not quite bottomed out, XRP can still sit at this level until the others join or we can move a little lower. For higher timeframe confirmation of reversal, we can wait for the descending red trendline to break. On lower timeframe, we can look for reversal patterns such as double bottom or descending wedges - which will tell us that there's a reversal coming. See below for our educational post on reversal patterns: Let us know what you think. Goodluck!
BINANCE:XRPUSD.P
by Altsignals
6
RIPPLE - The Time Is Near... ⏱🚀It is almost time for us to look for buys for Ripple. In our last Ripple analysis, we were looking for one more move down back to the 0.50 to 0.55 level. See previous analysis below: Currently we appear to be in an ABC correction and nearing the end of C wave. After the completion of C wave, we are anticipating the next impulse (which is going to be a big one!) We are fast approaching that level and the weekly timeframe is indicating that there is a MASSIVE bullish move coming. See below: In Elliot wave theory, the 3rd motive (impulse) wave is always the biggest and we may see that for the next bullrun. This is one trade that should not be missed! Trade Idea: - Watch for price to come back down to the 0.50 to 0.55 level - Look for bullish price action and that level to hold - Enter with stops below that level - HODL. This could be it. Moonshot. Do you agree? Got another view? Let us know below. Goodluck!
BINANCE:XRPUSD.P
by Altsignals
XRP - Correcting For A Bigger Move! 🤑The last time we analysed XRP, we were waiting for a bounce off the 0.77 level to take us back to the channel resistance. Price reacted perfectly to our 0.77 structure level and blew past the channel resistance for a total raw gain of 75%! We may be seeing a deeper correction now before we have another move up. We have 2 clear areas where we are looking to get another entry for XRP. First area: 0.95 level + Structure + 50% fibonacci + Retest of broken channel + Ascending Trendline Second area: 1 to 1.05 + Structure + 38.2% fibonacci + Ascending Trendline Targets: Back to all time highs! Watching how price moves back to one of these 2 areas.
BINANCE:XRPUSD.P
by Altsignals
XRP - Correcting For A Bigger Move! 🤑The last time we analysed XRP, we were waiting for a bounce off the 0.77 level to take us back to the channel resistance. Price reacted perfectly to our 0.77 structure level and blew past the channel resistance for a total raw gain of 75%! We may be seeing a deeper correction now before we have another move up. We have 2 clear areas where we are looking to get another entry for XRP. First area: 0.95 level + Structure + 50% fibonacci + Retest of broken channel + Ascending Trendline Second area: 1 to 1.05 + Structure + 38.2% fibonacci + Ascending Trendline Targets: Back to all time highs! Watching how price moves back to one of these 2 areas.
BINANCE:XRPUSD.P
by Altsignals
1