Xrpusdlong
#XRPUSD 200% Potential rally Trade Setup.Welcome to this quick update, everyone.
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XRP broke out of the falling wedge channel after a correction from a $1.966 high reached on April 14th, 2021 making a low of $0.50.
The breakout has open the door for an attempt to break the previous ATH which is $3.317 (Jn 04 2018).
I have some XRP for very long in my long-term portfolio.
I've been holding this coin for a long time.
Better if you accumulate this one on spot.
ENTRY: $0.88 to $1.11
Target :
$1.47
$1.61
$1.92
$2.24
$2.78
Stop Loss: $.73
What's your thought on this?
Do you think this correction is over?
Do you think XRP could easily pump from here?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
XRP Diamond Bottom On 1H ChartWe just formed a perfect diamond, with bullish confirmation! Looking for a run on $1.64 before any chance of another strong draw back. If XRP is going exponential, expect a break of this range with a high chance of retracing from $2 to around $1.72.
Another way of viewing this, is from the Wyckoff Method. We are currently testing the "LPS" (Last Point of Support). Thus, the Diamond Pattern forming at the LPS strongly suggests we are now in Phase D of the accumulation event.
Zooming out, to the weekly chart, you will notice, that XRP is not only in Phase D of an accumulation pattern on the 1H chart, but also the 4 month chart AND the 4 year chart. Thus, XRP is primed for a 'Super Cycle' price rally over the next 3-4 months, which could lead to prices between $15-$94 dollars, based upon normalized historical price trends for XRP.
TLDR; STRAP ON YOUR PARACHUTES! WE'RE HEADED TO LOW EARTH ORBIT!
Helpful References for TA Newcomers;
Diamond Bottom Pattern in-depth breakdown
www.centralcharts.com
Wyckoff Method (w/ labelled 'accumulation' chart)
school.stockcharts.com
*Chart is a repost; cleaned up version of original.
XRP Forming Diamond Bottom On 1H ChartI was just toying around with channels on the XRP chart & realized we're forming a near perfect diamond! If a bullish breakout is confirmed, $1.64 becomes our short/immediate test point. If XRP is going exponential, expect a break of this range with a high chance of retracing from $2 to $1.72.
Another way of viewing this, is from the Wyckoff Method. We are currently testing the "LPS" (Last Point of Support). Thus, the Diamond Pattern forming at the LPS strongly suggests we are now in Phase D of the accumulation event.
Zooming out, to the weekly chart, you will notice, that XRP is not only in Phase D of an accumulation pattern on the 1H chart, but also the 4 month chart AND the 4 year chart. Thus, XRP is primed for a 'Super Cycle' price rally over the next 3-4 months, which could lead to prices between $15-$94 dollars, based upon normalized historical price trends for XRP.
Diamond Bottom Pattern in-depth breakdown;
www.centralcharts.com
Wyckoff Method (w/ labelled 'accumulation' chart);
school.stockcharts.com
Ripple Price Analysis: Can XRP Rally To $2 After $1.1 Holds?
Ripple price loses over 7% of the accrued gains in 24 hours, revisiting support at $1.1.
XRP must surmount the resistance at $1.4 and $1.6 to pave the way for an upswing to $2.
The MACD could flip bearish anytime as the 12-day EMA crosses below the 26-day EMA.
Ripple closed last week at $1.35, a move that had spurred investor interest and speculation for gains to $2. Nevertheless, a correction occurred with XRP losing some ground toward $1. Support at $1.1 plays a crucial role in ensuring that losses were mitigated, but data by CoinGecko shows that Ripple is trading 7.4% lower in 24 hours.
Ripple Price Recoils After Support At $1.1
The cross-border money transfer token currently teeters at $1.2 as bulls focus on lifting above $1.4 in the near term. According to the Relative Strength Index (RSI), bulls could have salvaged the situation, preventing continued correction.
Currently, the RSI, which follows the trend of an asset and measures its strength, is holding at 70. As it resumes movement into the overbought region, XRP is expected to lift higher.
Intriguingly, the 50 Simple Moving Average (SMA) may cross above the 200 SMA in the coming sessions, as per the 12 hours chart. Although this indicator is not a golden cross, it often ascertains a move north. Therefore, it could trigger another firm bullish grip as buyers take on $1.4 and $1.6 barriers.
It is worth mentioning that traders should be aware Ripple’s anticipated upswing may fail to occur, especially if the Moving Average Convergence Divergence (MACD) indicator flips bearish in the coming sessions. According to the exact timeframe, a sell signal is in the offing. The odds for an extended correction would increase as soon as the 12-day exponential moving average (EMA) crosses below the 26-day EMA.
The MACD tracks Ripple’s trend and calculates its momentum. A move toward the mean line reinforced the bearish outlook. Hence, it is one of the most crucial trend indicators, especially when identifying entry and exit positions.
Ripple Intraday Levels
Spot rate: $1.21
Trend: Bullish
Volatility: Expanding
Resistance: $1.4 and $1.6
Support: $1.1 and $1
XRP Buy a Break Setup.Ripple - Intraday - We look to Buy a break of 1.351 (stop at 1.308)
Daily signals are bullish.
The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing.
Price continues to trade within the triangle formation.
A break of bespoke resistance at 1.350, and the move higher is already underway.
Our profit targets will be 1.469 and 1.499
Resistance: 1.300 / 1.350 / 1.400
Support: 1.250 / 1.200 / 1.150
XRP too 1.45Since the 11th of Aug. we've been on the massive Uptrend & haven't slowed down yet. We have had some Wedge patterns develop which we have continued moving up, we have just now broke through the top of another wedge as well.
If you take a look at the RSI there has been a Triple Bottom created over the past 7 days which also indicates we may continue too see this Uptrend send us too $1.45 moving through the week.
If we do break this trend we may fall to $1.10 which would be a solid entry point to average down.
Ripple Analysis, The market is Bullish Hello everyone, as we all know the market action discounts everything :)
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The XRP price has jumped in the last few days more than 65.43% where we see the price moving from the 0.81479 range to the 1.34375, And the market is showing a lot of bullish signs which could be the push that the ripple needs to go back to where it was last year.
Looking at the chart we can see 2 different scenarios on how the market could move in the next few days :
Scenario 1 :
The XRP price is reaching the first resistance line at 1.37087 if the bulls were able to keep control over the price then a breakout will happen and we will see the price rising even more and it is gonna be headed to the second resistance line at 1.45986 but with a strong push from the Bulls, this could be the push that the Ripple needs to go even further and go back to the range 1.61046.
Scenario 2 :
The XRP is trading close to the first resistance line at 1.37087 where The Bears will be tested, If the bears were able to gain back control over the market action then we could be seeing a drop in price from 1.37 to the edges of the first support line at 1.13180, and that's where a battle will happen between the Bears and the Bulls over control of the market again.
Technical indicators showing this :
1) The XRP Market Price is trending above the 5 10 20 50 100 and 200 MA and EMA (Strong Bullish Sign)
2) The MACD is above the 0 line showing that the market is in a Bullish state, with a positive crossover between the MACD line and the Signal line.
3) The ADX is at 41.70 showing the market is currently trending, With a positive crossover between DI+ (46.52) and DI- (4.76)
Support & Resistance points :
support Resistance
1) 1.13180 1) 1.37087
2) 0.98172 2) 1.45986
3) 0.89273 3) 1.60994
Fundamental point of view :
XRP’s parent company, Ripple was tangled in lawsuit troubles ever since the SEC (the Securities and Exchange Commission) opened up a case against the global payments company. It accused Ripple of offering unregistered securities up to the amount of $1.3 billion, starting in 2013. The dispute, which began in December last year, has really ended up nowhere but has done much to damage XRP’s reputation. In spite of this, its market cap has risen to levels where Ripple can just pay up tokens to settle.
However, one reason why Ripple needs to follow through with the lawsuit has been because of its biggest competitor, SWIFT. The Society for Worldwide Interbank Financial Telecommunication does large-scale transactions across 11,000 financial institutions in more than 200 countries. In order to combat that, Ripple needs to make sure global banks, treasuries, etc., want to work with it. Resolving the case and attaining a compliant status with regulators is the only way. According to Coin Quora
This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view, not financial advice.
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Thank you for reading.