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Xrpusdanalysis

XRP's Bullish Breakout: Inverse Head & Shoulders + Double BottomExcitingly, XRP's price action reveals a powerful combination of bullish patterns: the inverse head and shoulders and a confirmed double bottom on the one-hour timeframe. This alignment indicates a potential shift from bearish to bullish sentiment, signaling a promising breakout ahead. With the short-term target set at approximately $0.75, traders are on high alert, eagerly awaiting confirmation to capitalize on this potential buying opportunity. Caution is advised, as the cryptocurrency market remains volatile, but with the confluence of these patterns, XRP's short-term potential appears intriguing for those willing to seize potential gains. Stay tuned for further developments and trends to make informed decisions.
BINANCE:XRPUSDLong
by VanRojasCapital
XRP: Inverse Head and Shoulders Backs Double BottomTitle: Inverse Head and Shoulders in 1-Hour Timeframe Supports Double Bottom Pattern The cryptocurrency market has been bustling with excitement as traders closely monitor the recent developments in XRP's price action. A remarkable technical formation has emerged, pointing towards a potential bullish trend on the horizon. The combination of an inverse head and shoulders pattern along with a double bottom formation on the 1-hour timeframe has captured the attention of many investors, hinting at a promising buying opportunity. 1. Inverse Head and Shoulders Pattern: The first notable development is the emergence of an inverse head and shoulders pattern in XRP's 1-hour chart. This pattern is recognized by three distinct troughs, with the middle trough (head) being lower than the surrounding two (shoulders). The pattern typically signifies a shift from a bearish to a bullish trend, often indicating an impending upward price movement. As traders eagerly eye this formation, it adds to the bullish sentiment surrounding XRP. 2. Double Bottom Formation: Simultaneously, a double bottom formation has taken shape, reinforcing the positive outlook for XRP. A double bottom consists of two distinct troughs (lows) at approximately the same price level, separated by a peak (high) in between. This pattern signifies a potential trend reversal, indicating that the downtrend may be coming to an end and a new uptrend could be on the horizon. 3. Confluence of Patterns: The combination of the inverse head and shoulders pattern and the double bottom formation creates a confluence of bullish signals, intensifying the belief that a significant price surge may be in store for XRP. Technical analysts and traders have been closely monitoring these patterns as they seek to capitalize on potential gains. 4. Confirmation and Price Targets: While these patterns offer promising prospects, it is essential to await confirmation before making any trading decisions. A breakout above the neckline of the inverse head and shoulders pattern and the double bottom formation's resistance level would strengthen the bullish case. Traders should keep a close eye on price movements and look for increased trading volume to confirm the potential bullish trend. As for the price targets, projections can be calculated based on the height of the patterns. Conservative estimates place XRP's potential target around the neckline's height, while more ambitious projections could reach the combined height of both patterns. However, it's crucial to remember that the cryptocurrency market is highly volatile, and unexpected fluctuations can occur. In conclusion, the appearance of an inverse head and shoulders pattern and a double bottom formation in XRP's 1-hour timeframe has sparked optimism among traders. The confluence of these bullish signals suggests the possibility of a significant upward move. Nevertheless, prudent investors will exercise caution and await confirmation before making any significant trading decisions. As always, conducting thorough research and analyzing risk-reward ratios will be critical for capitalizing on this potential buying opportunity.
BINANCE:XRPUSDLong
by VanRojasCapital
XRP's Algo: A Recurring Pattern Unfolds to $160 XRP's Algo: Unfolding Recurring Patterns as 2023 Approaches the 60-Week Cycle End Introduction (7-10 minute read) XRP, the digital asset native to the Ripple network, has intrigued investors with its seemingly algorithmic price movements. Over the years, it has exhibited a striking tendency to replay the same market moves across different time frames, creating patterns that appear to repeat themselves with variations. This article aims to delve into XRP's algorithmic behavior, the recurrent patterns observed, and the significance of the 173-week and 60-week cycles in shaping its price trajectory. As we approach the end of the 60-week cycle in 2023, we will explore how XRP's historical patterns may guide investors' expectations. XRP's Algo Replay: A Tale of Recurring Patterns XRP's price history reveals a captivating phenomenon wherein it appears to follow an "algo replay." This notion suggests that XRP adheres to a discernible pattern, where market moves repeat over time, although the specific chart formations may differ. This algo replay has piqued the interest of investors and analysts, as it offers insights into potential future price behavior. The 173-Week Pump Phenomenon A remarkable aspect of XRP's algo replay is the occurrence of significant pumps at approximately 173-week intervals. This cyclical trend has been observed multiple times in the past, wherein XRP's price surges to new highs before experiencing periods of correction and consolidation. These pumps serve as critical inflection points in the asset's price trajectory. The 60-Week Cycle and the Bart Simpson Pattern Among the fascinating elements of XRP's algorithmic behavior is the existence of the 60-week cycle, which appears to influence market moves significantly. Notably, before the start of each 60-week cycle, XRP tends to exhibit a distinct pattern colloquially known as the "Bart Simpson" pattern. This peculiar formation resembles the head of the iconic cartoon character, characterized by a sharp upward spike, followed by an equally sharp downward move, forming a inverted "V" shape. Volatility and Shakeouts: Setting the Stage for Price Surge Following the emergence of the Bart Simpson pattern, XRP often experiences heightened volatility, leading to a price shakeout, affectionately known as "The Wise Owl Buy-In Period." During this phase, the price is deliberately pulled back sharply, causing uncertainty and fear among investors. This shakeout scenario leads some to sell off their positions, while others attempt to buy back in at lower prices. A few may become overly bearish, risking missing out on a quick recovery once the shakeout period subsides, which could span from 1 to 3 weeks. While exact dates remain uncertain, our speculative outlook foresees XRP reaching $24 around 11/20/23, with continued growth towards $160 by 7/8/24. As XRP's usage and adoption surge, we firmly believe it will surpass three digits in value and beyond. The future holds immense promise for this dynamic digital asset. "Dates may be subject to change, with a window of a few weeks to a month for flexibility. Please note that the exact dates are not fixed, and we are not providing specific deadlines." 2023: Approaching the End of the 60-Week Cycle - "The Reminder of the Wise Owl Buy-In" As we approach the end of the 60-week cycle in 2023, historical patterns indicate that we have already witnessed the emergence of the Bart Simpson pattern. Currently, we are experiencing heightened volatility and are approaching the potential shakeout scenario. If this pattern repeats, which is likely, we may observe a dip in XRP's price, possibly reaching around $0.35 or even $0.11. Such movement could trigger fear among a large majority of investors, leading to widespread selling. In these uncertain times, we remind you to always be a wise owl and be ready for anything. The Lawsuit Suppression and its Implications In December 2020, XRP faced a significant lawsuit, resulting in a period of price suppression that held back potential gains. Despite this legal challenge, XRP managed to produce a substantial pump, hinting at its resilience and potential for future growth. Decoding Crypto Moves: Unraveling the Enigma of Organic vs. Algorithmic Influence with Pre-Planned Excuses The cryptocurrency market's mysterious and volatile nature has given rise to intriguing conspiracy theories. One such theory questions whether price movements in the crypto market are driven organically or if they are a result of carefully orchestrated algorithms replaying the same patterns year after year. This section delves into the eerie concept of an "invisible" algo manipulating the market, with news events serving as mere excuses for its predetermined moves, and explores the implications for XRP's future. The "Invisible" Algo: A Crypto Enigma The notion of an "invisible" algo playing puppeteer in the crypto market is both captivating and unsettling. Skeptics suggest that recurring patterns observed in assets like XRP point to the presence of an underlying algorithm, meticulously executing trades to produce similar outcomes over time. According to this theory, the algo's influence is so apparent that it can even anticipate news events and use them as an excuse for its predetermined moves. The Uncanny Connection Between Past and Future Proponents of this theory argue that past price behavior holds clues to the future trajectory of cryptocurrencies. If historical patterns indeed foreshadow future moves, XRP's potential to soar to $160 or beyond becomes a chilling possibility. However, this scenario rests on the assumption that the alleged "invisible" algo will continue to replay the same patterns with eerie precision. Navigating the Fun and Fright of Cryptocurrency While the idea of an "invisible" algo dictating the crypto market's moves may sound like a creepy fun conspiracy, it remains a speculative theory without concrete evidence. The true nature of price movements in the cryptocurrency market is likely a complex interplay of algorithmic influences, news events, and various market forces. As investors navigate this mysterious realm, it is essential to remain open-minded, well-informed, and prepared for the unexpected. While past behavior can offer insights, the future of cryptocurrencies, including XRP, remains uncertain and subject to a multitude of factors. Embracing the thrilling and enigmatic nature of the crypto market may be the key to making sound investment decisions in this dynamic digital frontier. Conclusion XRP's algo replay, characterized by recurring patterns and cyclic price movements, has intrigued the investment community. The observation of the 173-week and 60-week cycles, along with the emergence of the Bart Simpson pattern and subsequent shakeouts, lends credence to the notion of XRP's algorithmic behavior. As 2023 nears the end of the 60-week cycle, investors should remain vigilant, considering historical patterns while evaluating their positions. However, it is crucial to remember that market dynamics can be unpredictable, and past performance may not always foreshadow future outcomes. As a reminder, this content is not financial advice, and we are not providing specific or concrete moon dates. Our analysis is based on past price movements and should be considered speculative in nature. I hope you enjoyed this read. Follow for more updates. Yours truly NeverWishing.
BITSTAMP:XRPUSDLong
by NeverWishing
7
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.
BINANCE:XRPUSDLong
by VanRojasCapital
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. ---------------------------------------------------------------------------- 🌐➕ 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. ---------------------------------------------------------------------------- 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.
BITSTAMP:XRPUSDLong
by pejman_zwin
10
Crypto Landscape Unfolds: XRP MACD Signals Bullish Trend Amidst Title: XRP's Bullish Momentum Surges as MACD Signals Positive Shift The XRP cryptocurrency has recently experienced a notable positive shift in its MACD momentum, which marks the second occurrence following a series of optimistic news within the broader crypto industry. One particularly impactful development is the official declaration that XRP is not classified as a security. This announcement has sparked significant interest and enthusiasm among both the XRP community and potential investors. In light of these recent developments, investors now find themselves pondering a crucial question: will this bullish trend endure and propel the ongoing bull run with unwavering momentum? The MACD momentum indicator points to a positive shift and can be seen as a bullish signal for XRP's future performance. The recognition that XRP is not considered a security is undoubtedly a major milestone for the project. Regulatory clarity can significantly influence a cryptocurrency's adoption and contribute to an overall positive market sentiment.
BINANCE:XRPUSDLong
by VanRojasCapital
XRP Not Yet- So first at all, i want to say i really have respect for Ripple Community because after all fuds, this community was brave enough and patient to support Ripple, if i was Ripple CEO, i would discern an " Hodling Oscar " or make a "Free Airdrop". - Right now some of the news are talking about Ripple could win against SEC. - Be carefull, you already experienced in the past, that often it's like " Buy the rumor, Sell the News ", you had the live proof with ETH 2.0 Merge. - the real problem with XRP is last ATH is lower, in 2018 XRP pushed to 3.30$ish, in 2021 XRP ATH was only 2$. - i really post this as trader, and i hodl some XRP (and XLM), because "Why not?". - Diversify is the best way to be in at the good time. -------------------------------------------------------------------------------------------------------------------------- - Okay lets back to pure trading strategy : -------------------------------------------------------------------------------------------------------------------------- - Right now there's nothing to buy, absolutely nothing. - XRP have to break 0.6$ ( EMA100 ) and breakout the downtrend, so i recommend a buy around 0.7$ to be safu. - if XRP fall down again i suggest to wait and rebuy around 0.3$-0.25$ -------------------------------------------------------------------------------------------------------------------------- - TP1 : 1.29 ish - TP2 : 1.95 ish - TP3 : 2.95 ish -------------------------------------------------------------------------------------------------------------------------- - i will post some olders XRP analysis in comments. - As always Stay S4fe. Happy Tr4Ding !
BITSTAMP:XRPUSD
by thecryer
12
☁️ 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. Follow us for more crypto weather reports!
by ATTMO
XRP to Surge? SEC's Non-Security Verdict Fuels Bullish MomentumThe XRPUSDT has successfully reached the 50% Fibonacci retracement level, indicating a positive development. Following the recent declaration by the SEC that XRP is not considered a security, the asset appears poised to continue its bullish momentum. The initial target remains at 1.5, with an ambitious second target set at 8 dollars. Given the highly positive news, it is expected that significant shorters may choose to avoid interfering with this asset. The trend remains undoubtedly bullish, especially in the post-SEC news period.
BINANCE:XRPUSDLong
by VanRojasCapital
Can XRP reach $35+The top chart shows XRP market cap whereas the bottom chart shows XRP/USDT. According to the trend analysis of XRP market cap, its highly likely that the peak will be somewhere around $1.3 TRILLION if flippening happens (overtaking BTC as the biggest crypto by market cap at the peak of the cycle). Last flippening happened during 1st Jan 2018 when XRP became Rank 1 by market cap. $35 derived from the percentage gain of the market cap sounds hypothetical because billions of XRPs are being released from escrow account to increase the supply, which is controlled by consensus. In such scenarios the best possible thing to do is to observe the market cap. Once market cap reaches $1.3 Trillion or 1.618 blue line of the fib channel, you can exit. These are just my views on XRP token. In the above statements, the term "market cap" refers to XRP market cap only. Do your own due diligence before taking any action. What is your target on XRP? Do share your views as well. Peace!!
CRYPTOCAP:XRPLong
by Swastik24
1