Will XRP outpace Bitcoin over the long run? There was an article where the Ripple CTO said that a critical driver of performance for XRP is based on the number of units in circulation and the price. To me, this does not make sense compared to Bitcoin.
coinpedia.org/ripple/ripple-cto-unveils-key-drivers-for-boosting-xrp-price/
I feel XRP could outperform Bitcoin over the long run once Ripple settles with the SEC in their lawsuit. This is based upon the interest in XRP with institutional interest in it as Ripple was founded by a consortium of banks. I could be wrong, but I'm just looking for an opinion on this.
Xrpusdanalysis
XRP - Where are we headed?📈📉In today's big brain analysis, we'll be breaking down the infamous altcoin XRP. Let's dive right in...
XRP seems to have slowed down at long-term supply levels kicking in around ~0.58 which is exactly what we want to see for a healthier continuation of this 2023 rally.
The crypto market as a whole has shown a lot of resilience throughout last year so it would not be wise to enter any substantial downside plays in this market, at least until ES and NQ break major demand levels to show a potential new low coming.
With that being said, we rejected the key supply at ~0.58 on 03/29/23 and are yet to retest that level.
It is very possible that this supply level will hold up for a significant amount of time.
However, the weakness in the last 10 days gives us a nice pullback for continuation to the upside off of this ~0.49 demand zone.
Our main watch should be longing for the retest of supply at ~0.58 until demand at ~0.49 breaks.
It is also important to note that volume during the last few days has been very low which explains why we haven't gotten a significant move during this period.
Bullish Case: you want to see this ~0.49 hourly demand hold, volume to start building up here, and strength off this demand to retest hourly supply around ~0.58
Bearish Case: you want to see volume kick in on the downside and break hourly demand at ~0.49, show further weakness, and look for a retest of ~0.49 for further downside
As always, NONE of this is financial advice. Trade, and invest at your own risk. This is for educational and entertainment purposes only, and we are in no way shape or form financial advisors.
Eyes peeled out there team. See ya in the next one.
I am_ XRPUSDT back to the proposition @ 0.367KUCOIN:XRPUSDT
A little warm up leg short for XRPUSDT due to over-brought market conditions and the creation of a new psychological cycle.
Actively short to 0.367, follow the arrows and expect pullbacks for liquidity accumulation. Sell highs on LTF by adding to positions.
Liquidate positions @:
Percentage of dailyTarget 0.427
All accumulated assets 0.367
Enjoy…
XRP price surge between $7 and $30 per unitBased on the shown fractal and fibonacci sequences from a prior bull run, XRP could be worth $7 to $30 per unit depending on the price of Bitcoin during the surge and the height of the move. For example, if Bitcoin were to surge to 125,000 suddenly, and XRP surged to the full XRP/BTC ratio at 0.00025, then expect to see $30 price. I expect this to be a very low probability. However, I see a surge in the more near term with Bitcoin between 30k and 50k which puts the XRP price between $7 and $10. That being said, it is entirely plausible that the XRP/BTC ratio never rises past the .236 again, and thus stays in a range of $.0.50 and $3.00 for the foreseeable future.
area of 4th wave. Im of the opinion that only the first leg of potential wave 4 is in. This could be a micro inner wave 4 before xrp hits a larger one.
Wave 2 lasted for more than a month. Expecting simmilar for larger 4. Yet to see.
Anyway, demand zone is here. Waiting for a reaction and divergences for a cleaner entry
1hr chart looking good with consolidation above the 53c mark holif we break out of this symmetrical triangle to the upside looking at the fibs, we should see a retest of the 58c to 60c zone as resistance and if we can flip to support, we should see a continuation of the upward trend into the 64c to 70c zone and a confirmation that the 5 month resistance zone has been flipped to the new support zone.
XRP: Priming for a move Here I will attempt to document a price action plan and trade setup focusing on XRPBTC pair.
DAILY STRUCTURE - From my observations, price has come down to fill an imbalance, located at left of chart, signalling liquidity injecting into the market, usually i have noticed that XRP can wick into an area to test that area then go towards it which leaves no imbalance area. (See yellow markings) - It wicks first, then the liquidity injects to that level and perhaps breaking it, i suspect it is wiping orderbook clean by wicking, then it is easier to inject the liquidity for the desired result. XRP does move differently, but we can use the basic strategies in order to try and position ourselves utilising BTC to XRP trades.
DAILY MOMENTUM - Trend perspective - Daily OVERWATCH printed a clean divergence before this pump equalling 37%, 1BTC = 1.37BTC. Nice. Aswell after this pump candle, the MFI came down and bounced while price bounced of the TM scalper levels which could have been a nice entry in itself equalling 19%. OVERWATCH has not reached its upper levels on the daily yet, will look to do 4hr analysis next, but looking at the daily, down at 0.000016 level at this point would be a bounce off the tm level is current optimal entry zone for daily.
H4 STRUCTURE : Have zoomed out so one can really follow the structure here, please appreciate what i am sharing, no deletion or movement of key levels and structure to obscure what I am showing. You can follow from left to right the price movement pattern, zig zag.
H4 MOMENTUM - Trend perspective - H4 OVERWATCH is topping out aswell as MFI (Bottom pane), we will need at least two good candles pushing above this BOS - H4 level for a valid breakout, and then, after that happens we will await the pullback for an entry. Until we get a rejection at this level, or a breakout, this is all i can say for now. Any comments welcomed.
I will update the chart each day if Price action requires until we take an entry and we are only looking for LONG positions within this thread. EG: Switching BTC into XRP for increased BTC holdings.
XRP/usdtIn the price range of 60 cents, we are facing a serious resistance, which seems to be impossible to cross at least for the next few days. My personal opinion is pullback to the price areas of 50 or 45 cents to gain energy. Price targets and two loss limits are specified in the picture, which must be followed.
ps: DYOR
Can Falling Wedge work on XRP❗️❓🧐XRP is completing microwave C of the main wave Y of the Double Three Correction structure(WXY).
It seems that Double three correction is running on falling wedge pattern.
I expect XRP goes up at least until the upper line of falling wedge pattern and then it will make a decision(probably XRP will touch 🔴resistance zone($0.4450-$0.4230)🔴 during next weeks).
XRP Analyze ( XRPUSD), 12-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
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XRPUSD - 50 % gains (NEW)XRP couldn' break the downsloping resistance. It has been underperforming but xrp's time will come soon.
We expect the price to retest the support zone around 0,34$ which would be our entry for a long position.
From there, we're expecting more upside.
Targets are shown on the chart.
Good luck
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.
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Ripple XRP price is trying to grow. How long will buyers last? While almost the entire crypto market is trying to correct and prices are falling, the XRPUSDT price is trying to grow.
Well, XRP buyers can afford the growth now, given the fact that in the previous months, while the entire market was growing, and some assets even made +Xs, the XRPUSD price did not fall at least)
That's how they are "crypto-anarchists" who believe in Ripple)
But seriously, the first resistance from above is near $0.415
And if we look at the XRPBTC chart and the room for growth
We can assume that the XRP price will be able to reach $0.50 in the near future.
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XRP : Whales Asleep, Bears defend $0.55 Hi Traders, Investors and Speculators of the Charts 📈📉
If you've been following me for the past year, you'll be well aware that I am notoriously bullish on XRP. However, today's analysis on XRPUSDT is focused on the price for short term, and for that I like to pull up the technical indicators RSI, LSMA, EMA and Momentum. My favorite indicator, the Phoenix Ascending, points to more possible upside price action for the immediate term. However, it's also noteworthy that the buying pressure is running out, as observed on the momentum.
Usually when XRP rallies, it shoots through 2 - 3 resistance zones. We're currently struggling to capture the first one above, so it may seem that this is not the candle that's going to go parabolic. For now, candles need to keep closing above the BLUE zone, which is now the support zone.
Here's a quick look at XRPBTC . Overlaid in this chart is the XRP line chart and the BTC line chart.
We can see that XRP is overdue to gain some grounds on BTC and from past scenarios we can tell that when it finally does, it will be a facemelt. It's also important to note that XRPUSDT is prone to pump and dump and can act very wicky therefore the best strategy is to have your targets pre-set for TP.
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xrpusdt possible buying opportunities hey everyone, here for xrpusdt i am waiting for a break and a retest / rejection of the break out area
so this trade is not a trade idea but perhaps a potential trade idea if price action does exactly what we're looking for it to do!
Disclaimer - past profits don't guarantee future results trading is risky and you can loose 100% of your trading account balance
Information shared is for educational and demo purposes only!
love to hear some feed back, drop me some comments and show some love!!!
XRP Long - Will history repeat? Will history repeat and will we see XRP flying again to similar levels compared to 2017? A positive outcome of the current litigation between SEC vs Ripple may be concluding. Personally I believe that the price will move ahead of the actual decision based on all the current knowledge we have about the case, which leans towards a Ripple win. Usually, the longer the accumulation the more explosive the move that follows after. Yes, the macro view about the economy in the world and in the stock market in general does not look good but in the same time XRP can bring real change to the current financial system.
As always, good luck and please DYOR before investing any money.