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Xrpusdlong

#XRP: Forming Symmetrical triangle pattern!🚨CRYPTOCAP:XRP BITSTAMP:XRPUSD BINANCE:XRPUSDT is currently forming a symmetrical triangle pattern in the daily time frame, which has a breadth of almost 100%. After the breakout, it is expected to move technically by 100%. To enter this pattern, you should accumulate above the lower trendline. It is important to have a stop loss in place to manage risk. If any daily candle closes below the lower trendline of the triangle, then you should exit the trade. Remember to always be cautious and consider risk management strategies. I will keep you updated. Stay tuned.
Long
by CRYPTOMOJO_TA
4
XRP - 20.000% RallyHello Traders, welcome to today's analysis of XRP. -------- Explanation of my video analysis: After XRP has been trading in a triangle formation for over four years, we saw an expected breakout in 2017 followed by a rally of +25.000%. Exactly five years ago XRP then started forming a similar triangle (continuation) pattern and if we see a breakout towards the upside and a break above the resistance mentioned in the analysis, we could maybe see a similar rally. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
BITSTAMP:XRPUSD
by basictradingtv
8
"Anticipation Builds as Massive 6-Year Bull Pennant Takes Shape"XRP Ripple: Chart Analysis and Market Overview XRP Ripple, one of the prominent players in the cryptocurrency space, has recently captured the attention of traders and investors as it navigates a critical juncture in its price action. With the token currently holding a major make-or-break support level at 50 cents, coupled with the formation of a 6-year bull pattern compression, market participants are closely monitoring XRP's chart dynamics and assessing its potential for future price movements. Understanding XRP Ripple XRP Ripple is a digital asset and payment protocol created by Ripple Labs Inc., designed to facilitate fast and low-cost cross-border transactions. Unlike many other cryptocurrencies, XRP does not rely on blockchain mining for transaction validation. Instead, it utilizes a consensus mechanism known as the Ripple Protocol Consensus Algorithm (RPCA), which enables near-instantaneous settlement of transactions. The Chart Dynamics At present, XRP Ripple finds itself at a crucial juncture on the price chart, with the 50-cent level serving as a critical support zone. This level holds significant importance as it has historically acted as both support and resistance during previous price cycles. Additionally, the formation of a 6-year bull pattern compression indicates that XRP is undergoing a period of consolidation, with price action tightening within a narrowing range. Bullish Outlook Despite the uncertainty surrounding the cryptocurrency market, the overall sentiment towards XRP Ripple remains bullish. Several factors contribute to this optimistic outlook. Firstly, the token's utility as a cross-border payment solution continues to gain traction, with Ripple forging partnerships with financial institutions and banks worldwide. Additionally, the recent clarity in regulatory matters surrounding XRP has provided a boost of confidence to investors. Potential Risks However, it's crucial to acknowledge the potential risks associated with XRP Ripple's current price action. The looming threat of a breakdown below the critical 50-cent support level, especially if accompanied by significant volume, could trigger a cascade of selling pressure and potentially lead to a freefall in price. Moreover, regulatory uncertainties, particularly in the United States, continue to cast a shadow over XRP's long-term prospects. Market Sentiment Market sentiment towards XRP Ripple remains divided, reflecting the uncertainty and volatility inherent in the cryptocurrency market. While some investors remain cautiously optimistic about XRP's future potential, others adopt a more conservative approach, awaiting further clarity on regulatory and legal matters. Nevertheless, the overall consensus appears to lean towards a bullish bias, supported by positive developments within the Ripple ecosystem. Conclusion In conclusion, XRP Ripple stands at a critical juncture on the price chart, with the 50-cent support level serving as a key battleground for bulls and bears. The formation of a 6-year bull pattern compression adds further intrigue to XRP's price action, with the potential for a significant breakout in either direction. While the overall sentiment remains bullish, investors should remain vigilant and closely monitor developments in the cryptocurrency market, as regulatory factors and external events could influence XRP Ripple's trajectory in the near term.
BITSTAMP:XRPUSDLong
by UnknownUnicorn2319099
2
Will XRP Teach Us a lesson?According to the school of technical analysis, “The basic concept of underlying harmonic patterns is based on price/time movements that follow the symmetry of the Fibonacci ratio and its correlations in markets.” The issue with Harmonic Patterns is that harmonic pricing patterns need to exhibit movements of a specific size in order to indicate an accurate reversal point when the pattern expands. Therefore, looking at CRYPTOCAP:XRP it demonstrates a pure Harmonic movement working a long-term ascending channel. On a weekly Oscillators standpoint, the indication is by far clearer to reality: - Momentum (10) 0.12776 = Buy - MACD Level (12, 26) 0.03080 = Buy - Exponential Moving Average (20) 0.58496 = Buy - Simple Moving Average (20) 0.56844 = Buy - Exponential Moving Average (30) 0.56559 = Buy - Simple Moving Average (30) 0.57230 = Buy - Exponential Moving Average (50) 0.54378 = Buy - Simple Moving Average (50) 0.51553 = Buy - Exponential Moving Average (100) 0.53909 = Buy - Exponential Moving Average (200) 0.51817 = Buy - Simple Moving Average (200) 0.54754 = Buy
BINANCE:XRPUSDLong
by Sal98
4
How XRP got the bullish trend confirmation by Bullish Bngulfing Hello everyone, XRP is aiming to establish a new price zone between $0.62 and $0.64, which could pave the way for a further rise to $0.71-$0.75. In this post, I will share with you a clear and easy analysis of the XRPUSDT pair on a 1H chart. As you can see, XRP recovered from the market dump and entered a wide price zone, which indicated a potential upward trend. Before the break of the downtrend line, there were two long-wick candles in the price zone, which showed that the buyers were testing the resistance level. The break of the downtrend line was followed by a strong bullish Engulfing candle, which signaled a reversal of the bearish momentum and a continuation of the bullish trend. I hope you find this analysis useful and informative. What do you think about this analysis? Do you agree or disagree with it? Please share your thoughts and opinions in the comments below. I would love to hear from you. Disclaimer: Please note that this is not a financial advice and you should do your own research before making any investment decision
Long
by AhmadMilhem
2
XRPUSDTReview Ripple is trading above strong support at $0.58. Bitcoin as a whole gave a good upward impulse, which only benefited XRP. If the upward movement continues, we consider the following targets: 0.711 – 0.899 – 1.039 – 1.180. However, this idea will lose relevance if buyers fail to hold support at 0.58. In case of updates, we will inform you immediately. Don't forget to show your support by like(rocket) and comment✅ Also you can ask for only 1 altcoins analysis and i will try to do my best to cover as much as i can✍️
by Andrey_Crypto
1
XRP GETTING READY FOR THE BULLSJudging by this candlestick, the neat chart pattern formation indicate a strong bullish momentum, as well as a clear support and resistance zone. I expect a retest of the 0.6570 resistance soon. If it breaks and holds, we’ll be heading towards the next target at 0.6680, followed by the 0.70 and 0.73 levels that we saw on Nov 23rd. My theory . . . when price breaks and holds above that line, the bulls are going to have an epic rally up the chart! Only time will tell. Please share your thoughts, opinions, predictions, criticisms, etc.
Long
by Y2K_B