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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Xrpusdanalysis
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!
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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.
XRP Price Soar as March Momentum BuildsGreetings and welcome to my presentation on XRP price expectations.
As most of you are aware, XRP is an often overlooked cryptocurrency that has recently faced several challenges, including being sued. However, despite these setbacks, there are still many who believe in its potential and predict that its price will exceed $1000.
Given the current state of the world and its increasing reliance on digital currencies, this prediction may not be as far-fetched as it initially seems.
Moreover, March is an especially important month for XRP and its supporters. As such, I am excited to share my technical analysis of the cryptocurrency, which includes two potential price targets.
I am eager to hear your thoughts on these price targets and your own predictions for XRP's future. Let us engage in a lively discussion and discover what the future holds for this fascinating digital asset.
XRP BUYS!Alert triggered while I was on the phone and miss the best entry. You can see we still have good RR and I like the look of this so this is our first trade of the week.
Still a heavy eye on GBP this week for downside. Out of GBPAUD, GBPNZD or GBPCAD, whichever works out first is the one I will take (and post here). The others I will post too but just know I do not take more than one live FX trade at a time. Once it goes risk free, I can look for others.
I will post all GBP trades that I like, but will make sure to let you know which are 'demo' trades and which is live.
XRP short termXRP had a retrace to the 0.5.
I do expect it to go a little lower but we cant break the 0.786 and close a few candles there or this chart is INVALIADATED!
1) *least bullish scenario* if it stays above the 0.786 and we pump the min target is the 1.0fib max target the 1.618.
2) $ mega bullish $ we are in a 5 waves up, 3down then 5back up. Targets are 90cent.
short term:
-lets focus on what price does this week and if the fib levels hold.
-if we pump watch how the price reacts to the 1fib and the 1.618.
Longterm:
-After all that we can still drop to 2-10cents if we break the pandemic lows.
If btc goes as planned and breaks the 25k zone ->28k then we can have an alt season. -> xrp 90cents
*alt seasons only happens 2times
1) if btc makes a new cycle high
2) btc retraces from the 'bearmarket crash'
XRP'S Ripple consolidation coming to an end?! 06.02.2023Really simple stuff.
Take the technicals combine it with SEC lawsuit looking very positive for Ripple (The prosecutors basically admitted that XRP token is not a security, making the lawsuit invalid).
On another fundamental bullet point we have the XRP ledger paving the way for tokenization as it continues to mount up popularity.
The technical aspect shows a descending trend-line since mid last year being tested 6 times and 2 ascending trend-lines converging since November, December last year, tested a combined 6 times - Classic consolidation.
**The resistance of consolidation is around 0.415-0.42, a breakout with weekly candle open higher could be the firing shot to a huge rally back to ATH and more.
**The support of consolidation is around 0.39-0.38, a breakout below could revert price back down to lows of ~0.30 and below in case XRP loses the trial (very low odds according to info out) is probably the only viable reason for XRP to break consolidation down.
RSI 14 shows plenty of breathing room to continue to rally with ease.
Pay attention and do not miss what could be x10 gains and more very quickly once consolidation breaks up consistently with weekly candle open.
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I encourage you to do your own research and trade with caution.
Thank you for reading and let me know if you have any questions or comments, highly appreciated!
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XRPThe xrp currency is in a side channel trying to break upwards, and this is the proposed scenario, and it is more realistic, reaching the price of 5500. The second scenario is to break the channel at the bottom, and therefore the currency is negative for sale. My advice is to wait to snipe the opportunity. A good investment, dear traders. With joy and pleasure ♥️💵
XRP Price Analysis On The Daily Chart :)Hello all XRP peeps out there! Here's my View of the coin on the daily chart! Hope you enjoy :)
XRP Needs to hold the .4111 LVL if it wants to continue to the upside. XRP needs to break the .4245 LVL AND then it might touch the very important LARGE area of Resistance at the .4585 LVL .
IF THE ABOVE FAILS..
XRP will go back down and test the LARGE area of Support at around .3884 - .4000 LVL .
Thanks for checking this out! good luck out there guys :) LOVE LOVE .
xrp target is 2 or 6$?Ripple is a strange cryptocurrency and full of potential to increase in price. The reasons are its universal use and low fees, as well as the liveness of this currency. But I believe that Ripple will easily go up to 2 dollars, then it will hit the resistance at that point and it will drop a little until the nearest resistance, which may be the price around 1.5 dollars, and it will make a cup pattern, then it will go to 3-6 dollars by this pattern.
XRP to Break free?XRP - 24h expiry - We look to Buy a break of 0.3811 (stop at 0.3733)
Short term MACD has turned positive.
Short term momentum is bullish.
Short term bias has turned positive. 0.3713 has been pivotal.
Trades at the highest level in 26 days.
A break of yesterdays high would confirm bullish momentum.
Our profit targets will be 0.3998 and 0.4098
Resistance: 0.3787 / 0.3850 / 0.3950
Support: 0.3650 / 0.3600 / 0.3530
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A further idea of a bullish outlook for XRPBased on a long term trend line which bottomed at COVID low, this trend line has held ever since. We are currently approaching a pinch and I would consider the likelihood of upside as opposed to breaking this long-term trend an almost definite possibility with potential targets of ~$1.20 in the coming months with aims of reaching the downward forming pendant in time for the next halving event. As we can see for the scaled circle areas these sections are starting to look very similar and XRP rising to $1.28 over the coming weeks would confirm this idea.