Xrpusdlong
XRP - Longs on the TPO belowXRP is going to rocket up again, fueling everything, ideal buys are from TPO marked in blue line - 2.4344 and then to the tops of 3.2.
People often take this as a bull flag but it usually falls below and goes as follows, Hence its quite necessary for it to fall a=the line marked and then go
Ripple's Meteoric Rise: 4350% Gains Unleashed on Risological!Ripple (XRPUSDT) delivered an outstanding 4350% profit at 10x leverage, marking one of the most explosive long trade setups on the 4-hour timeframe. Ripple's performance exceeded all expectations with unmatched bullish momentum.
Key Levels:
TP1: 0.5491 ✅
TP2: 0.5882 ✅
TP3: 0.6274 ✅
TP4: 0.6515 ✅
Technical Analysis:
The trade initiated at an entry price of 0.5249, supported by clear bullish confirmations from the Risological Swing Trader. Ripple surpassed all defined targets effortlessly. The stop-loss at 0.5054 provided a safe risk-reward ratio while allowing the trade ample room to breathe.
Ripple's rally was powered by robust buying momentum and consistent price action, with no major reversals threatening the trend. Traders following this setup enjoyed seamless profits, backed by reliable and precise signals from the Risological trading system.
XRP massive Double Bottom With Potential of 370 USD target Before you tell me about market cap and impossibilities. You must consider the tokenization of assets that will be happening on the XRP ledger and the RLUSD stable coin launch. The removal of Gary Gentzler, the pro crypto regulations that are coming. XRP and XRP leisure will be used now. I want to show you the double bottom pattern for from 2013 to 2017 which on breakout ascended to the target of $.33 over the next year, the price 10 n times itself reaching $3.30 Ish. We have had a very similar almost identical pattern and now double bottom neck line breakout this year. This pattern forming from 2017 to 2024 end of year six or seven years. We are now above the neck line and if the target hits around $37 and we get an identical 10 X over the next year we could be seeing a potential $370 USD priced XRP by December 2025. Merry Christmas.
Identifying Entry Zones in Two Blue BoxesWhen analyzing XRP for potential trading opportunities, marking two key zones as "blue boxes" can help identify areas where price action is likely to reverse or continue in a favorable direction. These zones are usually based on technical analysis principles, such as:
Support and Resistance Levels
The lower blue box represents a strong support level, where the price has historically bounced back. This is a good entry zone for long positions, especially if the market structure confirms a reversal pattern like a double bottom or bullish engulfing candle.
The upper blue box often marks a resistance zone, but if price breaks through and retests this level, it can turn into a support level. This makes it a good entry for continuation trades.
Fibonacci Retracement Zones
Use Fibonacci retracement tools to identify areas within the 0.618–0.786 range, which often coincide with one of the blue boxes. These zones are high-probability areas for market reversals.
Order Blocks or Demand Zones
The lower blue box can also represent a demand zone, where institutional buyers are likely accumulating XRP. Look for sharp moves up from these levels in the past to confirm.
Volume Profile and Imbalance Zones
The blue boxes might align with high volume nodes or areas where price moved quickly, leaving a volume imbalance. When price returns to these zones, it often acts as a magnet for entries.
Trading the Blue Boxes
If price breaks above and retests the blue box as support, consider it a bullish entry for a breakout continuation.
I don't overcomplicate things and add a ton of dirty crap to my charts, but you can check out the success of my analysis below.
I approach trading with confidence backed by experience and past success in identifying high-probability setups.
While I don’t claim to be the best, my track record speaks for itself, and I strive to let my analysis and results do the talking. Watch these levels closely—markets can confirm what charts already whisper. Let’s see how this plays out together.
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Now sit back, relax, and watch the market do its thing. Or don’t, FOMO is real. 😉
Unpacking XRP's Meteoric Rise: The Perfect Storm of Factors XRP,XRP, the cryptocurrency associated with Ripple, has been on a tear in recent weeks, surging to levels not seen in years. This unprecedented rally has ignited discussions and debates within the crypto community, with many speculating on the underlying factors driving this surge.
A confluence of positive developments seems to have propelled XRP to new heights. Several key factors, including potential regulatory clarity, a positive market sentiment, and a broader bullish trend in the crypto market, have likely contributed to this significant price increase.
A Possible Regulatory Breakthrough One of the most significant catalysts for XRP's rally has been the ongoing legal battle between Ripple and the Securities and Exchange Commission (SEC). The crypto community has been closely monitoring this case, and any positive development or potential settlement could profoundly impact XRP's price. While the outcome of this lawsuit remains uncertain, recent market movements suggest that investors may be growing increasingly optimistic about a favorable resolution.
A Surge in Market Sentiment Another factor contributing to XRP's upward trajectory is the broader bullish sentiment in the crypto market. As Bitcoin and other major cryptocurrencies have seen substantial gains, investors have been pouring money into the market, increasing demand for alternative digital assets like XRP. This increased demand has naturally pushed the price of XRP higher.
The Ripple Effect: Ripple, the company behind XRP, has also been making significant strides in the global payments industry. Its technology and partnerships with financial institutions have positioned Ripple as a potential game-changer in the cross-border payments space. Positive developments in this area can positively impact the perception of XRP and its value proposition.
The Road Ahead for XRP While XRP's recent surge has been impressive, it's important to exercise caution and consider potential risks. The cryptocurrency market is highly volatile, and prices can fluctuate significantly in a short period. Additionally, the regulatory landscape for cryptocurrencies is still evolving, and any negative regulatory developments could have a significant impact on XRP's price.
Despite these potential risks, XRP's long-term prospects remain bright. As Ripple continues to innovate and expand its global reach, the demand for XRP is likely to increase. If the company can successfully navigate the regulatory hurdles and deliver on its ambitious goals, XRP could potentially reach new heights.
Investors should conduct thorough research and consider their risk tolerance before investing in XRP or any other cryptocurrency. As always, it's crucial to diversify your investments and avoid putting all your eggs in one basket.
Analyzing XRP's Surge: Will the Momentum Continue or Fizzle Out?
XRP, the native cryptocurrency of the Ripple network, has recently experienced a significant price surge, reaching its highest level in over 43 months. This impressive rally has caught the attention of both retail and institutional investors, prompting questions about its sustainability and future trajectory.
The Drivers Behind XRP's Rally
Several factors have contributed to XRP's recent price surge:
1. Positive Legal Developments: The ongoing legal battle between Ripple Labs and the Securities and Exchange Commission (SEC) has been a major catalyst for XRP's price volatility. Positive developments in the case, such as favorable court rulings or settlements, can significantly impact XRP's price.
2. Increased Institutional Interest: Institutional investors, including hedge funds and venture capital firms, have shown increased interest in XRP, recognizing its potential as a digital asset with real-world use cases.
3. Growing Adoption of RippleNet: RippleNet, Ripple's blockchain-based payment network, has gained traction among financial institutions worldwide. As more banks and financial institutions adopt RippleNet, it could drive demand for XRP.
4. Positive Market Sentiment: The broader cryptocurrency market has experienced a period of relative stability and growth, which has benefited XRP and other altcoins.
Technical Analysis: A Cautionary Tale
While XRP's recent rally has been impressive, technical analysis suggests that the cryptocurrency may be due for a correction. Several technical indicators point to a potential 20% price decline in December:
1. Overbought Conditions: XRP's Relative Strength Index (RSI) has surged into overbought territory, indicating that the asset may be overvalued and due for a pullback.
2. Potential Resistance Levels: XRP may encounter significant resistance levels at certain price points, which could limit its upside potential.
3. Overleveraged Positions: The cryptocurrency market is prone to volatility, and overleveraged positions can exacerbate price swings. If a significant number of traders are heavily leveraged on XRP, a sudden price drop could trigger a cascade of liquidations, further driving the price down.
Is It Time to Buy XRP?
While XRP's recent rally has been impressive, investors should approach the cryptocurrency with caution. Before making any investment decisions, it is crucial to conduct thorough research and consider the following factors:
1. Risk Tolerance: Investing in cryptocurrencies, including XRP, involves significant risk. Investors should only allocate capital that they can afford to lose.
2. Diversification: Diversifying one's investment portfolio across various asset classes can help mitigate risk.
3. Long-Term Perspective: Investing in cryptocurrencies is a long-term endeavor. Short-term price fluctuations should not dictate investment decisions.
Conclusion
XRP's recent price surge has been fueled by a combination of factors, including positive legal developments, increased institutional interest, and growing adoption of RippleNet. However, technical analysis suggests that the cryptocurrency may be due for a correction in the near future. Investors should approach XRP with a balanced perspective, considering both the potential upside and downside risks.
XRP: Preparing for a Massive Move to $10The XRP weekly chart shows significant potential for a substantial rally based on ICT principles and historical price action. Here's the breakdown:
Market Structure:
After an extended consolidation phase (gray box), XRP has recently broken out, signaling a shift from accumulation to expansion.
The sell-side liquidity (SSL) at $0.41664 was cleared, allowing smart money to accumulate before pushing price higher.
Key Levels:
Buy-Side Liquidity (BSL): XRP is targeting several BSL levels, including $0.93968, $1.94895, and potentially the all-time high BSL at $10.
Phases of Price Action:
Accumulation (Gray Box): XRP consolidated for an extended period, trapping liquidity and building the foundation for a breakout.
Expansion (Purple Zone): The breakout from consolidation aligns with the MM Model's expansion phase, where price seeks external liquidity.
Projected Targets:
The next major target lies around $3.31792 at weekly BSL. Upon breaching this level, we could see price push toward the ultimate target of $10, aligning with the MM Model's distribution phase.
Conclusion:
This setup offers a high-probability bullish scenario for XRP as it transitions from consolidation to expansion. As always, monitor key levels and candle closures to confirm the continuation of this move.
Disclaimer: Always conduct your own research (DYOR) and trade responsibly.
XRP on the Verge of Breaking $2CRYPTOCAP:XRP has recently made headlines by outperforming Binance Coin (BNB) to claim the 5th position in market capitalization on CoinMarketCap. The cryptocurrency surged over 17% in a day, surpassing the $1.70 milestone and signaling strong bullish momentum. Let's delve into the key drivers and technical indicators pointing toward XRP's potential future trajectory.
Ripple's Role in Fintech
What is Ripple?
Ripple, a leading fintech company, powers its global payment network—RippleNet—using the XRP Ledger (XRPL). Unlike most cryptocurrencies, Ripple aims to connect banks, payment providers, and exchanges, enabling near-instant settlements and lower transaction costs. This institutional focus differentiates XRP from peer-to-peer-centric tokens, positioning it as a significant player in cross-border payments.
Key Metrics Driving Momentum:
- Market Capitalization: Currently at $97.3 billion, XRP's market cap reflects its increasing investor confidence.
- Trading Volume: XRP's daily trading volume surged 144% to $14.9 billion, indicating a sharp rise in market activity and liquidity.
- Global Position: Outperforming the global market (up 2.7% in 7 days), XRP has gained 17.6%, demonstrating its resilience and investor interest during this bull phase.
Technical Analysis
CRYPTOCAP:XRP is trading within a well-defined bullish trend channel, currently up 11%. The Relative Strength Index (RSI) sits at 74, indicating bullish strength without entering overbought territory, suggesting room for further upside.
Key Technical Levels:
- Immediate Resistance: Breaking past the $2 mark is crucial. A confirmed breakout could set the stage for a run toward $4, with potential to reach $10 in the long term.
- Support Levels: If a retracement occurs, CRYPTOCAP:XRP may find strong support at the 38.2% Fibonacci retracement level. This would offer a healthy cooldown before a potential major leap.
Outlook and Conclusion: Is $10 in Sight?
XRP's recent surge is backed by robust fundamentals and a favorable technical setup. Its unique position in the fintech sector, combined with increased trading activity and strong technical indicators, suggests that the cryptocurrency could break $2 soon. A sustained rally could even push XRP toward $4 in the short term, with $10 being a longer-term target if bullish momentum continues.
Investors should watch key resistance levels and broader market trends, particularly Bitcoin (BTC) and Ethereum (ETH), as they often influence altcoin movements. XRP's current position signals that it’s well-poised for further gains, making it a token to watch closely in this bullish cycle.
XRP Witnesses Significant Token Transfers so Predict Bull RunXRP, the native cryptocurrency of the Ripple network, has recently experienced a surge in large-scale token transfers, sparking speculation among analysts that a significant price rally may be on the horizon.
Massive Token Transfers
Blockchain data reveals that several substantial XRP transfers have taken place in recent weeks. These transactions, often involving millions of XRP tokens, have caught the attention of the crypto community. While the exact reasons behind these transfers remain speculative, analysts believe that they could signal increased institutional interest and potential bullish sentiment.
Analyst Predictions and Bullish Outlook
Crypto analysts and market experts have expressed optimism about XRP's future price performance, citing several factors that could contribute to a significant rally:
1. Positive Legal Developments:
o Ripple's ongoing legal battle with the SEC has been a major factor influencing XRP's price. Recent developments in the case, including favorable court rulings and expert opinions, have bolstered investor confidence.
o A positive resolution to the lawsuit could significantly reduce regulatory uncertainty surrounding XRP and potentially unlock its full potential.
2. Increased Institutional Interest:
o The growing interest from institutional investors in cryptocurrencies, including XRP, could drive demand and fuel price appreciation.
o These institutions often prefer established and regulated cryptocurrencies like XRP, which can benefit from their significant capital inflows.
3. Strong Fundamentals:
o XRP's underlying technology, the RippleNet, offers fast and efficient cross-border payments.
o The network's growing adoption by financial institutions worldwide can solidify XRP's position as a leading digital asset for global payments.
4. Technical Analysis:
o Technical analysis of XRP's price charts indicates a bullish trend, with key resistance levels being breached.
o A sustained break above these levels could trigger a significant price rally.
Potential Challenges and Risks
While the outlook for XRP appears promising, it's important to acknowledge potential challenges and risks:
1. Regulatory Uncertainty:
o Regulatory uncertainties, particularly in the United States, could impact XRP's price and adoption.
o Clear and favorable regulatory frameworks are essential for the long-term growth of the cryptocurrency industry.
2. Market Volatility:
o The cryptocurrency market is inherently volatile, and XRP's price can fluctuate significantly due to various factors, including market sentiment, economic conditions, and geopolitical events.
3. Competition from Other Cryptocurrencies:
o XRP faces competition from other cryptocurrencies, such as Bitcoin and Ethereum, which have established market positions and strong developer communities.o
Conclusion
XRP's recent surge in token transfers and positive analyst sentiment have ignited hopes for a significant price rally. However, investors should approach XRP with caution and conduct thorough research before making investment decisions. While the potential rewards are significant, the risks associated with cryptocurrency investments should not be underestimated.
XRP Whale Awakens: A Potential Catalyst for Price Surge?The cryptocurrency market has been excited as a significant whale movement involving XRP has been detected. A massive transaction worth $36.67 million has recently taken place, sparking speculation about a potential price surge for the digital asset.
The Whale's Move: A Bullish Signal?
Whale movements are often closely monitored by market analysts, as they can provide valuable insights into potential price trends. When large amounts of cryptocurrency are moved between wallets, it can indicate a variety of factors, including:
• Accumulation: Whales may be accumulating XRP in anticipation of a future price increase.
• Distribution: Conversely, whales may be distributing their holdings to take profits or reduce their exposure to the asset.
• Market Manipulation: In some cases, whale movements can be used to manipulate the market by creating artificial price swings.
While it's impossible to definitively determine the whale's intentions, the sheer size of the transaction has certainly caught the attention of the crypto community. Many analysts believe that this could be a bullish signal, suggesting that the whale may be preparing for a significant price move.
XRP's Recent Performance and Future Outlook
XRP has had a tumultuous journey in recent years, facing regulatory challenges and legal battles. However, the cryptocurrency has shown resilience and has managed to maintain its position as one of the top digital assets by market capitalization.
In the short term, the whale's recent move could provide a significant boost to XRP's price. However, the long-term outlook for the cryptocurrency will depend on several factors, including:
• Regulatory Clarity: A favorable regulatory environment is crucial for the growth of the cryptocurrency industry, including XRP.
• Technological Advancements: Continued innovation and development within the XRP ecosystem can attract new users and investors.
• Market Sentiment: Overall market sentiment and the performance of other major cryptocurrencies can also impact XRP's price.
Technical Analysis: A Bullish Perspective
Technical analysis of XRP's price chart suggests a bullish outlook. The cryptocurrency has formed a bullish pattern, indicating a potential upward trend. Additionally, key technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence1 (MACD) are signaling a bullish crossover, further supporting the bullish thesis.
Conclusion
The recent whale movement involving XRP has sparked excitement and speculation within the crypto community. While it's important to approach any investment with caution and conduct thorough research, the potential for a price surge cannot be ignored.
However, it's crucial to remember that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly. Investors should carefully consider their risk tolerance and investment goals before making any investment decisions.
By staying informed about the latest market trends, conducting in-depth technical analysis, and diversifying your portfolio, you can increase your chances of success in the dynamic world of cryptocurrencies.
Is Ripple's XRP ETF the Next Big Investment Opportunity?
The cryptocurrency market has been excited as Ripple's XRP token continues its upward trajectory. The recent surge in XRP's price, coupled with a significant development in a new ETF application, has fueled optimism among investors.
WisdomTree Joins the XRP ETF Race
WisdomTree Investments, a prominent asset management firm, has taken a bold step by applying with the U.S. Securities and Exchange Commission (SEC) to launch an XRP exchange-traded fund (ETF). This move is a significant development in the crypto industry, particularly for Ripple and its XRP token.
WisdomTree's decision to pursue an XRP ETF aligns with the growing interest in digital assets and the increasing institutional adoption of cryptocurrencies. By applying in Delaware, a state known for its business-friendly regulations, WisdomTree aims to streamline the regulatory process and potentially accelerate the launch of the ETF.
XRP's Stellar Performance
XRP has emerged as one of the top-performing altcoins in the recent crypto rally, experiencing a remarkable price surge. The token's value has soared to levels not seen since 2021, captivating the attention of investors and analysts alike.
Several factors have contributed to XRP's impressive performance:
1. Positive Legal Developments: Ripple's ongoing legal battle with the SEC has been a major catalyst for XRP's price movement. Positive developments in the case, such as favorable court rulings or settlements, can significantly impact the token's value.
2. Increased Institutional Interest: As more institutional investors recognize the potential of cryptocurrencies, XRP has gained traction. The growing interest from traditional finance players has led to increased demand for the token.
3. Strong Network and Utility: XRP's underlying technology, the RippleNet, offers fast and efficient cross-border payments. The network's growing adoption by financial institutions has solidified XRP's position as a valuable digital asset.
4. Positive Market Sentiment: The overall bullish sentiment in the crypto market has also benefited XRP. As investors become more optimistic about the future of digital assets, they are allocating funds to promising projects like Ripple.
The Future of XRP and Crypto ETFs
The filing of an XRP ETF application by WisdomTree is a testament to the growing institutional interest in cryptocurrencies. If approved, the ETF would provide investors with a convenient and regulated way to gain exposure to XRP.
However, it's important to note that the SEC has historically been cautious about approving crypto-related ETFs. Regulatory hurdles and concerns about market manipulation and investor protection have often delayed or prevented the launch of such products.
Despite the challenges, the increasing number of ETF applications for cryptocurrencies, including Bitcoin and Ethereum, suggests that the regulatory landscape is gradually evolving. As regulators better understand the crypto market and its potential benefits, we may see more approvals for crypto ETFs in the future.
Conclusion
Ripple's XRP has been on a remarkable journey, and the recent surge in its price, coupled with the filing of an ETF application by WisdomTree, has further solidified its position as a significant player in the crypto industry. While challenges and uncertainties remain, the future of XRP and cryptocurrencies appears bright. As the industry continues to mature and regulatory frameworks become more supportive, we can expect to witness further innovation and growth in the years to come.
Ripple’s Revival: Why XRP Could Lead the Next Crypto Bull RunThe cryptocurrency market is buzzing, and CRYPTOCAP:XRP is making headlines with explosive growth and renewed investor confidence. With recent developments, including Gary Gensler’s impending resignation, whale accumulation, a record-breaking futures market, and upcoming catalysts like an IPO and ETF launch, XRP is positioned for a significant rally. Here’s a comprehensive look at the technical and fundamental factors driving this momentum.
Whales on a Buying Spree
Whale activity has reached a fever pitch, with Ripple’s big players adding over 250 million XRP tokens during a recent market dip.
Key Transactions:
- 149 million XRP ($227 million) moved from Bybit to private wallets.
- 58 million XRP ($87 million) transferred from Binance to whale wallets.
- 20 million XRP acquired from South Korea’s Upbit exchange.
This accumulation reflects high confidence among institutional and high-net-worth investors, signaling strong bullish sentiment for XRP’s future.
Futures Market: A Record $2.5 Billion in Open Interest
XRP’s futures market is on fire, with open interest hitting an all-time high of $2.5 billion.
- Platform Highlights
- Binance and Bybit are leading the charge, showcasing heightened trader enthusiasm.
- Coinglass data indicates that XRP futures now represent 1.59 billion tokens in open positions.
This surge aligns with XRP’s 24% rise in trading volume and a price jump of 4%, with a 24-hour range between $1.31 and $1.54.
Regulatory and Strategic Developments
XRP’s bullish narrative is further bolstered by the following key events:
1. Gary Gensler’s Resignation: The announcement of the SEC chair stepping down in January 2025 has sparked renewed optimism among crypto enthusiasts, as it could ease regulatory scrutiny.
2. Ripple IPO & ETF Launch: Ripple’s IPO and a potential XRP-focused ETF in Q1 2025 could usher in institutional adoption on an unprecedented scale.
These developments are expected to drive further demand and push XRP prices higher in the medium to long term.
Technical Outlook: Is $20–$50 Possible?
XRP has broken through multiple resistance levels, gaining over 200% in just three weeks and trading at $1.44 at the time of writing.
The RSI is overbought at 85, suggesting a short-term correction may occur. CRYPTOCAP:XRP is trading significantly above key moving averages, maintaining a bullish structure. A retracement to the 38.2% pivot point ($1.20) may present an ideal entry point for investors. The MACD at 0.0559 highlights strong momentum, paving the way for a rally to $20–$50 in the coming weeks.
Broader Market Dynamics
CRYPTOCAP:XRP is outperforming its peers and gaining ground on BTC dominance. The XRP/BTC pair has doubled in value, signaling an upward trend as Bitcoin’s momentum slows. With a potential Thanksgiving rally and new monthly highs in sight, analysts are targeting $2 in the short term.
What’s Next for XRP?
While XRP’s current rally is impressive, its long-term potential lies in strategic developments and increasing adoption. With whales accumulating, the futures market at historic highs, and macroeconomic factors aligning, the stage is set for XRP to achieve new heights.
As CRYPTOCAP:XRP eyes key milestones like $20–$50, its resurgence is a testament to the strength of the Ripple ecosystem and its ability to capitalize on market opportunities.
XRPUSD 📊 Technical Analysis and Trading Signal for XRPUSD by AhmadArz:
🔍 Entry Point:
Breakout Confirmation: $1.132
The breakout from the symmetrical triangle pattern on the 1-hour chart suggests a strong upward momentum, indicating the potential for a 250% profit if the trend continues as forecasted.
🛑 Stop Loss:
Level: $0.9738
Place the stop loss slightly below the breakout zone to minimize risk, ensuring that if the price reverses, losses remain controlled.
🎯 Take Profit Targets:
1️⃣ TP1: $2.200 (Initial resistance level)
2️⃣ TP2: $3.000 (Key psychological resistance)
3️⃣ TP3: $4.000 (Potential extended target for the 250% profit)
🧠 Analysis Overview:
The symmetrical triangle breakout on the XRP/USD chart signifies renewed bullish momentum in the market.
Volume Analysis: The breakout is accompanied by a sharp increase in volume, confirming the strength of the upward move.
RSI: Current RSI levels suggest room for further upside before entering overbought territory.
Trend Strength: With higher highs and higher lows forming, the trend indicates strong bullish market sentiment.
📉 Additional Notes:
Traders should monitor how XRP behaves near the $1.500 level, as this will determine whether the breakout continues.
The upward projection is based on historical support and resistance zones, coupled with a high risk-to-reward ratio.
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XRPUSDT: 1,700 Days of Accumulation Over! XRPUSDT Technical analysis update
XRPUSDT price has been trading within the longest triangle formation for the past 1,700 days. This week, which can be considered a 1,700-day accumulation phase, the price broke out of the triangle resistance on the weekly chart, . A strong bullish move is expected in the coming months, supported by a rise in volume on the weekly chart. Additionally, the price is trading above the 100 and 200 EMAs, which is considered bullish for XRP.
Regards
Hexa
XRP Weekly Trend Line Broke & Retested (BULLISH)There has been a weekly downward trend line for BINANCE:XRPUSD ever since early 2021. Actually, it goes back to 2018, but for the sake of good visibility on this chart it goes back to only 2021. Zoom out of look on the monthly chart though to see that it goes back to 2018!
Note: You can check multiple price feeds too, not just Binance. For example, Bitstamp BITSTAMP:XRPUSD and others.
This downward trend line has been broke and retested. Price is currently at support now and ready to take off. Expect some fireworks for XRP soon.
Minimum TP = $0.94
Longer term TP = $1.40
Current price = $0.59-$0.60
Price is currently at support, so risk is extremely low. You may want to set a SL somewhere below $0.50 just to be safe. Please note, Price will likely go way above my two TP prices posted. These are just two very probable TP prices that will be reached with without waiting forever. This is a long-term chart and very reliable.
What Factors Contributed to Ripple's XRP Soaring 174% in Just OnXRP, the native cryptocurrency of Ripple, has been on a tear in recent weeks, surging an impressive 174% in just one month. This remarkable price surge can be attributed to several factors, including growing optimism surrounding pro-crypto policies and increased institutional interest.
Several developments has fueled the recent upswing in XRP's price. One of the most significant factors is the increasing speculation about a potential US-based XRP exchange-traded fund (ETF). An ETF would allow investors to gain exposure to XRP through traditional investment vehicles, potentially attracting a wider range of investors and driving demand.
Additionally, XRP has seen a surge in trading volume on South Korean exchanges, surpassing even Bitcoin and Dogecoin. This increased trading activity indicates strong demand for XRP in the region and could further fuel price appreciation.
Another contributing factor to XRP's price rally is the growing optimism surrounding pro-crypto policies in the US. The recent appointment of pro-crypto regulators has raised hopes for a more favorable regulatory environment for cryptocurrencies, including XRP. This positive sentiment has boosted investor confidence and encouraged buying activity.
Furthermore, Ripple's ongoing legal battle with the US Securities and Exchange Commission (SEC) has also played a role in XRP's price movement. While the case is still ongoing, recent developments have led to increased optimism among XRP holders, as some experts believe that a favorable ruling could significantly boost the price of XRP.
However, it's important to note that the cryptocurrency market is highly volatile, and XRP's price could fluctuate significantly in the future. Investors should conduct thorough research and consider consulting with a financial advisor before making any investment decisions.1
In conclusion, XRP's recent price surge can be attributed to a combination of factors, including increased institutional interest, growing optimism surrounding pro-crypto policies, and speculation about an XRP ETF. While the future of XRP remains uncertain, the recent positive developments have ignited investor enthusiasm and driven the price of XRP to new heights.
Ripple (XRP): 1500% Gain in 16 Days Ripple (XRP) Trade Overview:
Ripple (XRP) has delivered a spectacular performance on the 4-hour timeframe. With the support of Risological Lines and a breakout confirmation from the Risological Swing Trader , the trade has yielded over 150% profit, translating to a 1500% gain with 10x leverage.
Key Levels:
Entry Price: $0.5249
Stop Loss (SL): $0.5054
Take Profit Targets:
TP1: $0.5491 ✅
TP2: $0.5882 ✅
TP3: $0.6274 ✅
TP4: $0.6515 ✅
Ripple Analysis:
Ripple's bullish rally has been perfectly captured by the Risological setup. The green Risological Lines indicated a strong upward trend, and the trade followed through to hit all targets swiftly.
Outlook:
Ripple's momentum remains robust. While traders may choose to secure profits, any continuation in this trend could signal even higher targets. As always, discipline in adhering to the strategy is key to consistent success.