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.
Xrpusdlong
XRP USDT Bigger PictureXRP USDT Bigger Picture
RIPPLE vs SEC is going to be the game changer in coming weeks.
Charts tell massive growth in XRP but from the point i mentioned the buy from.
Always DYOR before investing
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
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/USDT Monthly analysis Bullish??I've been keeping an eye on XRP for some time now..
and I expect it to be around $0.55 in 1 or 1.5 months, for a long-term buy.
for a shorter-term approach (1-1.5weeks), I would be looking at $0.45.
And in any case price shouldn't be falling below $0.33.
As far as my analysis goes, I would say, it should start to act bullish just around this week.
XRP bounced back up 2 times in the past months, with that in mind, it gained more momentum upwards. Hence making it suitable for XRP to create a bullish trend earlier than I would have anticipated.
I will be looking for more specific setups to buy, as the price rises.
I am not an expert, and this is not a financial advice, please always do you own analysis before taking a risk.
XRP|USD on Daily | Wow this is going to be great This thing just wants to do one of it's legendary bull shots. The Crypto market cannot be held down anymore, the bull is breaking out as we speak! RSI entering bullish control zone, MACD literally just getting ready and price action.. it's right around the corner. What a time... what a time.
XRPUSD - 50 % gains (NEW)XRP couldn' break the downsloping resistance. It has been underperforming but xrp's time will come soon.
We expect the price to retest the support zone around 0,34$ which would be our entry for a long position.
From there, we're expecting more upside.
Targets are shown on the chart.
Good luck
XRP - OK! THAT'S CRAZY! One of the biggest trendlineHi, this is my new update for XRP. We are now under one of the biggest trendline in the history of the cryptocurrencies for 672 days, almost 2 years (that's crazy) and at the same time we have a downtrend in RSI also. We have tested this trendline 14 times and I expect we are going to break it really hard and once we do that we are ready to takeoff because a lot of traders are waiting for this moment, but they don't understand that once we break it, everything in XRP is going very fast, that they don't get the time to buy it, like we have seen before.
We have beautiful support level between 0.2950 - 0.32$ and if this breaks then things will get little bit to ugly. We have also very big resistance between 0.52 - 0.58$ and it has held us below it in the last 2 years, but I expect once we break both the trendlines in the chart and RSI, then the resistance is not going to be a problem.
XRP LONG TERM PLAY Road to $1.5+
This is one of my nicest charts right now. It looks best in the Monthly timeframe chart as Stochastic is bottomed. We can see a clear trend resistance so we are likely to break at point #3. Possible targets are provided.
Observations:
-Monthly chart looks best so I am using the monthly chart as my guide.
-Buy entry is whale accumulation.
-Ever since May 2022 whales have been massively accumulating and XRP has been trading sideways which proves it.
-Bit community and believers so when it decides to pump it will likely go up with strong force as this is a MONTHLY chart which makes it even stronger and better.
-STOCHASTIC looks bottomed on the monthly(what comes down has to go up)
-MACD looking like trend change and accumulation.
XRP Triangle Break Out ? Will It Go Up?🙄🤔XRP Triangle Break Out ? Will It Go Up?🙄🤔
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Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
Stochastic set to 60 is working great as an indicator for XRP.Hello fellow traders, and HODLers. Lately I've been using the standard stochastic set to 60, and as you can see above that coupled with the proper trend-line is working very well lately as a 'tip-off' indicator. It looks like XRP could get even more interesting to watch in the coming weeks. Don't get shaken out of your positions early! Good luck!
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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XRP moments away from breaking out XRP has been creating a descending channel since its high on January 23 at .434. It has a very steady parabola forming on the lower time frames which is something i have not seen XRP do for awhile. There are also clear signs of a reversal, on all time frames. I expect the rest of march to be very interesting...
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.
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