Ripple's Bullish Trend Holds Above 100-SMA with Target at $0.565FxNews — Ripple gained 3.7% today, trading around $0.533, testing the upper line of the bearish flag and the 50-period SMA.
On the 4-hour chart, today's price jump created a bullish Fair Value Gap, while the Stochastic Oscillator is nearing 80, indicating a potential overbought condition. The RSI has dipped to 65, just below overbought levels. Despite these signals, XRP/USD remains above the 100-period SMA, maintaining a bullish trend.
Forecast
Immediate support stands at the 50% Fibonacci retracement level of $0.517, backed by the 100-period SMA. If XRP stabilizes below $0.531, the price may fill the FVG near $0.517, possibly reaching $0.511. The bullish outlook holds as long as prices stay above the 100-SMA, with the next target at $0.565 after a brief consolidation.
Support: $0.517 / $0.611
Resistance: $0.548 / $0.565
Xrpusdforecast
Ripple XRP price may please holdersThe #XRPUSDT price is walking on a knife's edge)
It does not walk - it crawls))
But it happens that from time to time #XRP holders "go crazy" and try to push the #XRPUSD price up
Looking at the #Ripple price chart, we can assume that the attempt to pump may be repeated in the coming weeks/months.
What do you think, will it happen as it's drawn or not?)
XRP $0.5461 Long! Anomalous Point on the Chart!🤖🔥🚀 An anomalous point has been detected on the XRP chart!
🔥 The chart shows a nice squeeze towards a level formed by a Limit Seller.
🚀 XRP $0.5461 Long!
Entry model: Breakout
First target: $0.5738
Second target: $0.6072
💡 XRP is a low-volatility coin with high volume. Leverage no more than 20x-50x!
Short stop-loss.
XRP Above 54 CENTS LONG/ BELOW 50 CENTS SHORT MUST WATCH Good morning traders
First time looking at XRP lets get into it. first and foremost it has hit my Daily projection going up, this could be a indication of further shorts to come but is it?
Currently we a bit more depth of our analysis we have found that if we break above 54cents it would make a good long position to the 73 cents range and above. However if we go below 50 cents be expected to drop to the 40 cent range and lower
Always look at both sides because as traders we follow the market in what it gives us not predict it based on what we see
If this video helped you boost, comment, follow, like share
MB Trader
Have a awesome day trading
#XRPUSD 1DAYXRP 1-Day Chart Forecast:
The XRP cryptocurrency is displaying strong bullish momentum on the 1-day chart, suggesting a favorable buy opportunity. The market appears to be in an **uptrend**, with price action consistently forming higher highs and higher lows, indicative of sustained buying interest.
Key elements supporting the buy forecast:
Uptrend Continuation: XRP is likely following an ascending trendline or breaking above recent resistance levels, signaling the potential for further upside.
Bullish Indicators: Momentum oscillators such as the RSI and MACD may be supporting the bullish outlook, with the RSI remaining in a favorable range and the MACD showing positive divergence or a bullish crossover.
Support Levels: The price may have bounced off a key support level, confirming the strength of the uptrend and providing a good entry point for buyers.
Traders looking to capitalize on the buy opportunity should consider setting stop-loss orders below recent lows to protect against unexpected pullbacks. Profit targets can be placed near key resistance levels or previous swing highs. While the uptrend is strong, it's important to watch for any signs of trend exhaustion, but the **technical outlook favors a buy strategy** for XRP on the 1-day chart.
XRPUSDT ( UNDER LONG PRESSURE ) ( 4H ) XRPUSDT
HELLO TRADERS
Tendency active bullish after the price stabilizing a turning level around 0.41 .
TURNING LEVEL : a blue line between resistance and support level around 0.041, indicates if the price stabilizing above this level reach resistance level , if the breaking turning level reach a support level .
RESISTANCE LEVEL : there is a green line around 0.45 , indicates selling have already increase this level , so if the price stable turning level reach this level .
SUPPORT LEVEL : there is a red line below turning level around 0.38 , indicates buying have already increase this level , so if the price breaking turning level reach this level .
PRICE MOVEMENT : maybe first the price will trying to dropping turning level around 0.41, after rising to the resistance level around 0.45 , then stable above this level and breaking a gap easily to reach at 0.47 , if the price breaking turning level reach a support level at 0.38 , then stable by open 4h candle below this level reach a 0.37
TARGET LEVEL :
RESISTANCE LEVEL : 0.45 , 0.46 ( gap ) , 0.47
SUPPORT LEVEL : 0.38 , 0.37
XRP Price Analysis: Support and Resistance LevelsXRP has recently experienced a significant decline, breaking below crucial support levels, notably $0.4240 and $0.4150. The price reached a low of $0.3826 before beginning a recovery wave. Despite this recovery, the price is still trading below the $0.4250 mark and the 100-hourly Simple Moving Average (SMA).
Key Levels to Watch
Support Levels:
Immediate support at $0.3900
Major support at $0.3850
Potential further support at $0.3620 if the price continues to decline
Resistance Levels:
Immediate resistance at $0.4050
Significant resistance at $0.4150 (aligned with the 50% Fibonacci retracement level and a key bearish trend line)
Additional resistance at $0.4220
Higher resistance at $0.4380 and $0.4450
Technical Indicators
Trend Line: A key bearish trend line is forming with resistance at $0.4150 on the hourly chart.
Fibonacci Retracement: The price faces resistance at the 50% Fib retracement level of the recent decline from $0.4467 to $0.3862.
Analysis
The XRP/USD pair is currently consolidating losses and may struggle to break above the $0.4150 resistance zone. The presence of a bearish trend line and the position of the 100-hourly SMA indicate a bearish sentiment in the market. The immediate recovery above $0.4050 may face strong resistance at $0.4150, beyond which $0.4220 acts as the next significant hurdle.
If the price fails to breach these resistance levels, it might witness another downward movement. Breaking below $0.3850 could lead to further declines, potentially targeting the $0.3620 support level.
Recommendation
Given the current market conditions and technical indicators, the following recommendations are made:
For Current Holders:
Monitor the $0.4050 and $0.4150 resistance levels closely. Consider reducing positions if the price fails to break above these levels and shows signs of further weakness.
Set stop-loss orders below the $0.3850 level to mitigate potential losses in case of a continued decline.
For Potential Investors:
Exercise caution and wait for a clear breakout above the $0.4150 resistance before considering new positions. A sustained move above this level could signal a potential recovery towards $0.4220 and higher.
Alternatively, look for buying opportunities if the price approaches the $0.3620 support level, provided there are signs of stabilization and reversal from that point.
For Short-Term Traders:
Consider shorting positions if the price struggles to break above $0.4150 with a target around $0.3850 and a stop-loss just above the trend line resistance.
Be prepared to switch to long positions if a clear breakout above $0.4150 occurs, targeting the $0.4220 and $0.4380 levels.
Conclusion
XRP Investment Strategy: Capitalizing on a Bullish TrendXRP is currently experiencing a bullish trend, trading above $0.4720 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line with support at $0.4760, indicating a potential upside break if it can surpass the $0.4840 resistance zone.
If successful, the price may target the $0.4880 and $0.5050 resistance levels, with further potential to reach $0.5120 and beyond. However, if XRP fails to clear the $0.4840 resistance, it might decline towards the $0.4765 and $0.4740 support levels, potentially falling to $0.4640 if these supports fail.
Given the current bullish trend and potential for upside movement, consider the following investment strategy:
Entry Point: Buy XRP if it closes above the $0.4840 resistance level, indicating a potential breakout and continuation of the bullish trend.
Short-Term Targets: Aim for profit-taking at $0.4880 and $0.5050, with a possibility to extend to $0.5120 and $0.5250 if bullish momentum continues.
Stop-Loss: Place a stop-loss order below the $0.4740 support level to mitigate risk in case of a downside break.
Monitoring: Keep an eye on the $0.4840 resistance level. If XRP fails to break this level and shows signs of weakness, consider a more cautious approach or partial exit to protect your investment.
This strategy balances the potential for gains with risk management, ensuring you can capitalize on the bullish trend while minimizing losses in case of a reversal.
XRP About to See a Big IncreaseAmid the recent developments in the cryptocurrency market, hopes are rising for a bright future for the XRP. With prices increasing and growing interest in cryptocurrencies, it is important to consider the factors that could lead to a rise in XRP’s value and how investors can take advantage of this opportunity.
Since reaching its peak of $3.40 in 2017, XRP has experienced significant price fluctuations, ranging from $0.14 to $1.90. Over the past 6 years, XRP has been trading within a descending channel, with strong resistance at $1.90 and strong support at $0.14. This narrow channel indicates increasing pressures that could lead to a major price breakout.
I expect the price of XRP to rise and reach $3.40, representing a 608.33% increase. This potential increase may seems strange at first glance, but there is a logical basis for this expectation.
Looking at history, we find that a similar price cycle occurred between 2013 and 2017. During that period, the price of XRP experienced a significant rise after a long period of trading within narrow ranges. Based on this historical precedent, it is reasonable to expect a similar explosive move in the near future.
Relying on historical patterns does not necessarily mean repeating events exactly, but it gives us an idea of the potential possibilities in the market based on past price behaviors. Therefore, it is logical to expect a significant increase in XRP’s price if similar conditions to those seen in the previous price cycle are repeated.
In conclusion, XRP could represent an attractive investment opportunity for those who want to take advantage of potential upward trends in the cryptocurrency market. With positive expectations based on technical analysis, this could be a good time to consider enhancing investment positions in XRP.
Technical Analysis of XRP: Upside Potential and Downside RisksCurrent data indicates that the XRP price is struggling to start a steady rise above the $0.50 level. The price needs to settle above $0.50 and $0.510 to gain upward momentum in the near term. The XRP price has started a slight upward move from the $0.4765 area. It is now trading above $0.4850 and the 100-hour Simple Moving Average. There is a short-term rising channel forming with resistance at $0.500. Losses extended below $0.50 before buyers emerged, as the price tested the $0.4765 level and recently started a recovery wave.
The price faces obstacles near the $0.4980 and $0.50 levels. The main resistance coincides with the 61.8% Fibonacci retracement level of the recent decline from $0.5105 to $0.4765. If the resistance at $0.50 is surpassed, the price could move towards the $0.510 level. The next resistance is near $0.520. Closing above the $0.520 resistance zone might push the price to the $0.5320 level, and if this level is exceeded, there could be a steady rise towards the $0.550 resistance. Any further gains might drive the price towards the $0.5650 resistance.
If the price fails to overcome the resistance area at $0.50, it may start to decline again. The initial support on the downside is near the $0.490 level and the channel area. The next main support is at $0.4840. If there is a breakdown and a close below the $0.4840 level, the price may gain bearish momentum, in which case, it could trade below the recent low at $0.4765 in the near term.
We recommend closely monitoring the resistance levels at $0.50 and $0.510. If the price manages to surpass these levels, there might be a buying opportunity targeting the $0.520 and $0.5320 levels. On the other hand, if the resistance is not exceeded and the price fails to stay above critical support levels, it might be better to avoid buying until a clear rebound point is confirmed. It is also crucial to follow news and events that could affect the market in general and the XRP price in particular.
Xrp zone to open longPotential zone for XRP BINANCE:XRPUSDT
Possible Targets and explanation idea
➡️Absolutely no make sense in this victory against SEC. What people waited over 5 years
➡️We swept one liquidity pool and road now open to another ss liquidity
➡️At that level also we can find out based on TP indicator buy line and fundamental price
➡️No money inflow now in XRP based on MP indicator
➡️block for potential long marked! target take profit line on D.
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XRP Price Danger Zone: Key Support Levels to WatchRipple's (XRP) price has seen a significant decline after failing to maintain the critical support level at $0.4840. This drop led the currency to fall to the $0.4750 level, raising concerns among traders about the possibility of further losses in the near future.
XRP has faced strong selling pressure, causing it to trade below the $0.4880 level and the 100-hour Simple Moving Average (SMA). With continued bearish pressure, it has become essential to closely monitor key support levels such as $0.4740 and $0.470. If XRP manages to hold these levels, we might see attempts to regain some bullish momentum. However, breaking below these levels could indicate further declines towards the next support level at $0.450.
This article will focus on analyzing the current situation of XRP's price, highlighting the important support and resistance levels that traders need to monitor carefully to protect their capital and avoid potential risks.
Resistance Levels:
First resistance level: $0.4820
Second resistance level: $0.4850
Key resistance level: $0.4950
Next resistance levels: $0.5050 and $0.5250
Support Levels:
First support level: $0.4740
Second support level: $0.470
Next support level: $0.450
Current Trend:
The currency is currently trading below the $0.4880 level and the 100-hour SMA.
There is a downward trend line forming with resistance at $0.4880.
Buying at Support:
It is preferable to wait until the price reaches the key support levels ($0.4740 and $0.470) before making a buying decision, as these levels represent strong support points where the decline is expected to halt and the price might start to rise again.
Buying at these levels can provide an opportunity to acquire the currency at a low price, increasing the likelihood of achieving profits when the price rebounds upwards. This way, risks are minimized, and the chances of benefiting from future upward movements in the market are increased.
Taking Profits at Resistance:
In case of a price rise, the mentioned resistance levels ($0.4850 and $0.4950) can be identified as areas to take profits. Resistance levels are points on the chart where the price is expected to face difficulty in continuing to rise, and it might stop or decline due to a large number of sellers willing to sell at these levels.
Therefore, when the price reaches these levels ($0.4850 and $0.4950), traders can decide to take profits from the purchases made previously at the support levels. This helps secure their profits before the price declines again.
It is important to monitor price movements around the $0.5050 level, as this level is considered a key resistance. If the price exceeds this level and stabilizes above it, it might indicate strong buying momentum and continued upward movement. In this case, the price is expected to rise towards the next resistance level at $0.5250, providing an additional opportunity for greater profits.
Hence, monitoring price movements around these important levels can help traders make informed decisions regarding taking profits and managing their investments effectively.
Risk Management:
If the price breaks the $0.470 support level and closes below it, it might indicate further decline towards $0.450. In this case, stop-loss orders should be placed below the $0.470 support level to avoid further losses.
Caution and effective risk management are crucial to avoid significant losses in case of any sudden market fluctuations.
CAN WE FINALLY START IT? XRPThis week is very important for the Ripple legal case, and some millions are moving from Ripple. Can this be a sign of an agreement with the SEC? Last year, a positive new has pumped the price of XRP to $0.9. This time, also considering the actual Bitcoin price, i think that an end at the case can teleport the XRP price to a new ATH. Personally, i am increasing my long exposure, keeping a safe stoploss below 0.25. Risk to reward (0.25 SL, 3.5 TP) is again extremely good
Nothing new for XRPI decided to share the XRP/BTC chart just to show you that there is not something new for XRP. Every time that XRP hit the black line, it pumped in the next days/ weeks. Considering this possible pump against Bitcoin, we can expect a 2x/3x pump for XRP/USDT that could reach a possible price of $1.2/$1.4
XRPUSD Fractal Suggests Breakout to $7.70 Imminent The first chart shows XRPUSD from May 2017 to Dec 2017.
The second chart shows XRPUSD from early 2021 to current.
Both charts start off with a "U" shaped dip and rise, followed by a slow decline to the support level of the "U" (shown by a white sine wave).
The yellow curve on both charts shows price dropping below this bottom to a new low.
Purple line marks higher highs with 2 notable jumps, shown in orange.
At the end of the first chart, XRPUSD breaks out and goes from about $0.20 to $3.30, an increase of 1500%.
If the second chart also follows the same break out from current bottom of higher high trend line, which is $0.50, a 1500% increase puts the target price at $7.70.
Disclaimer:
Keep in mind that market predictions are about as reliable as a weather forecast in outer space.
Use this analysis as a conversation starter, not as financial advice.
Investing in cryptocurrencies carries risks, so do your homework and make informed decisions.
Remember, no crystal balls here—just a pinch of insight and a dash of caution