Ripple (XRP) -> Triangle ContinuationMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Ripple.
Since the beginning of 2018 Ripple Coin has been trading inside and forming a quite bullish triangle pattern which is most more often than not a simple continuation pattern.
I am now simply waiting for a breakout which is roughly at the $1.4 level and then we could see another crazy pump of more than 1000% towards the upside.
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I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡
Xrpusdanalysis
XRP ☁️ Ahead, Bearish Momentum On a Longer Time Horizon Rain 🌧️ and clouds ☁️ linger over the global crypto market for the next 24 hours, suggesting a bearish trend with downside risk for XRP, Bitcoin and most alts.
But amidst the gloom, Cardano and Dogecoin shine through with sunnier trading conditions, hinting at upside potential. 🌞
The forecast shows somewhat improved trading conditions ahead with Ether, Litecoin, and Uniswap basking in bullish sun over the next week. 🚀
However, bearish clouds are expected to linger over XRP, Bitcoin, and Cardano on a longer time horizon, as per ATTMO's forecasts. ☁️
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XRP $33 by Christmas 2023Hello again!
Just squeezing some lemons here seeing what I can get out of XRP in my spare time.
Use bars pattern tool and measure price in the 788 day periods and layer that price action over the other 788 day cycles you'll see price action is nearly identical only difference is price may be inverted here and there but it's pretty much the same old thing going on here pretty clear to see.
Anyways It appears we will have some sort of correction in October and then November we begin pumping. Good chance we finish the year around a $33 XRP.
EDIT: The two small vertical dotted lines in the blue zone are not showing their dates so I'll share them here. First one is (12/25/23 $33) & second one is (8/23/24 $268) and the high in November 2023 is $5.84
-NeverWishing
XRPUSD Analysis 3Sep2023After the last analysis last month, the price of XRP did soar and there was currently a correction period. There is a change in Elliot's notation from the old analysis. I think currently there is a zig zag correction with invalid limits under Wave II. For those of you who transact in the Spot Market, there is a chance to Long to see the current price approaching the bottom. Adjust your budget to be able to do AVERAGING later.
Breakout in next week!We should see a move to the upside in the coming days. There's still room for a minor draw down before a break out of this wedge. I'd then expect more sideways action after a small pump and more bleed outs leading to New Years. Ups and downs from here on but getting stricter within this range.
XRP Facing ☁️ In the Next 24 Hrs; Next 7 Days 🌧️? Bearish TrendThe global crypto market faces mixed trading conditions 🌥️ over the next 24 hours, with XRP, Bitcoin, and Litecoin, and most other altcoins facing clouds ☁️, indicating a slightly bearish market with downside risk. However, the sun ☀️ shines over Ether and Polkadot, suggesting a slightly bullish market with upside potential.
Over a one-week horizon, the subdued mood is likely to continue. 🌧️ Bitcoin, Ether, Binance, and most other altcoins will face rain ☔ or clouds with some sun piercing through – a bearish trend.
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XRP TECHNICAL ANALYSIS \ STOP LOSS INDICATORS BITFINEX:XRPUSD
On the daily chart
Broke out of the pendant and dumped
We break into the red box > I/m shorting
Break into the green I’m running long game
Possible pattern occurring in relation to the previous Bull flag formation
We may trade sideways for a little and break to the upside again
Who knows. I sure don’t.
XRP going upto 1.35$ !!!**A friend asked me if I think there is any hope for XRP to go up.
I am presenting this analysis to my dear friend. The reason for the validity of this analysis is the Ichimoku cloud gap method, which has a very high accuracy. Therefore, the long-term first profit margin of XRP is $1.35 (of course, as I mentioned in previous analyzes with respect to the Gan method, the target is $2.1). In other words, XRP has no choice but to touch those points due to the gaps it has left behind along the way. And the optimal and reasonable point is $1.35. But unfortunately, in the future, it will see 0.17 cents due to these gaps. Good luck.**
XRP- Back under support, not good at allThe news that XRP is not secure triggered a strong move for the coin with the price almost reaching parity.
However, after a normal correction and consolidation, instead of continuing to the upside, XrpUsd has dropped back under 0.55 old resistance, which should've provided support and it hasn't.
Now, with the price back under this resistance and with the selling pressure all over the crypto market, we can expect a new drop to 0.4 support.
I'm looking to sell with stop loss above 0.55
XRP ☁️ Week Ahead - Downside Trend XRP is facing clouds with intermittent sunny intervals 🌥️, suggesting a slightly bearish market sentiment.
Looking ahead to the next week, while many areas of the crypto universe will enjoy sunny conditions, XRP is expected to encounter clouds ☁️, indicating a sustained downward trend according to ATTMO forecasts.
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XRP , TP is between 2.1 to 2.2$ !XRP seems stronger than ever, and we may be in the beginning of wave four. Therefore, the price decline in wave four should end between 0.57 and 0.59 cents. If it stabilizes at these prices, we can say that the decline is a 38.2% Fibonacci retracement. The price growth and the start of wave five will be here, and wave five will be as long as wave three, with a target between $2.2 and $2.1.
The time to reach the suggested prices: The price of 0.85 will be around late June 2024, and the price of $2.1 will be around December 2024. Please note that the dates are approximate and not exact.
The analysis method: The analysis is based on Elliott waves, Gann fan, Fibonacci, and Ichimoku.
☁️ Forecast for XRP ; Downside Risk; Shorting Opportunity? 🤔Clouds ☁️ or rain 🌧️ loom over Ripple’s XRP due to potential setbacks in the ongoing court case against the US regulator.
This hints at a slightly bearish market with downside risk in the near and medium term (3 days to one week).
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Ripple XRP price has not yet gained the "strength" next riseA bit of time has passed since the rapid rise in the XRPUSDT price and emotions have calmed down, so it's time to take a rational look at the chart.
The previous XRP price increase was surprising only in terms of the time it took to work out, but not in terms of price targets.
Looking at the XRPUSD price chart now, it seems that the correction of the previous growth is still too small. Accordingly, the correction should continue, and the price of Ripple should fall.
After this paragraph, here going to get a lot of dissatisfied "XRP believers" :)
So let's put it this way: with our personal money, we would be ready to buy some XRP for our investment portfolio no earlier than the price zone of $0.59-0.61.
And after that, hold it and wait for the next x2 growth with a desire to sell it in the price range of $1.15-1.25
P.S:
At this stage, we consider "wet dreams" about the price of XRP at $5-10-100 or even $300, to put it mildly, inappropriate. Because then Ripple's capitalization will be larger than BTC, the entire crypto market now, than the capitalization of gold, the US government debt, etc. Hopefully, you have caught the logic and critical thinking.)
But if "somehow" the issue and supply of XRP coins is denominated 100 or even 1000 times, then miracles can happen)
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Buy the Dip: XRP's Breakout Sets the Stage For Test of $1.12?The XRP chart is shaping up to be quite intriguing following the massive breakout from the weekly accumulation period. So, what's next on the horizon?
The charts are indicating that now might be an excellent time to consider re-entering this pair. The colossal breakout not only breached the Monthly SUPPLY/SELL zone that was formed last year but also underwent its first successful test of that level, likely triggering stops at the spike high.
Since the breakout, we've been witnessing a gradual retracement back towards the initial breakout level. However, taking a closer look at the momentum of the price on the Daily charts, it seems we could be gearing up for the next bullish leg up.
Here's the XRP chart for you to check out:
My expectation is that the price will dip into the BUY zone I've marked in the image above. This zone holds significant importance since it coincides with the location of the previous weekly high that lost its validity due to the breakout, now serving as a critical support level. Right at this level, we find the 78% Fibonacci retracement level of the weekly swing up from 0.45, adding further weight to its significance.
With the price gradually slowing down towards this level, my confidence grows in accumulating more XRP. My approach involves patiently waiting for a dip into the buy zone, followed by a clear signal on my TRFX indicator on the 8-hour to daily charts before making any moves.
In terms of targets for this trade, the first one would be the swing high of the breakout at 0.95. And beyond that, I'm eyeing the Monthly SUPPLY/SELL level marked on the chart as the next potential target.
It's essential to approach this setup with caution and wait for the right entry signal, as that can make all the difference in a successful trade. I hope you enjoyed reading this analysis and find it helpful in your decision-making process. Happy trading!
Ripple is poised to break through all resistance levels...Ripple is a powerful cryptocurrency. The upcoming resistances will include 0.66, 0.68, 0.70, 0.72, and 0.76 cents. It also has two strong trend lines(green lines) from the past that will act as resistance.
The analysis style is based on Gann, trend lines, Ichimoku, ADX, and DI.
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. 🌧️
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