XRP saw a jump of around +9% on Thursday after Grayscale announced the launch of a new trust that gives accredited investors direct exposure to the cryptocurrency. Unlike an exchange-traded fund, the trust will primarily trade over the counter. Trusts are also more susceptible to trading at a price that does not line up with the underlying value of the...
A little over a month ago (June 25, see chart below), we posted a roadmap on XRPUSD looking towards an aggressive break-out and rally above its multi-year Triangle: Yesterday, the crypto made a massive 1D green candle (end of SEC's lawsuit), against the majority of the market sentiment and yet again it almost touched the top (Lower Highs trend-line) of the...
XRPUSD followed relatively closely our structure last time we gave a long-term call (September 13 2023, see chart below), hitting our 0.56750 Target: We now zoom out on the 1W time-frame where the pattern becomes more clear. XRP is about to close a 1W candle above the 3rd Channel Up in a row. If it does, we expect a test of the upper Resistance Zone, similar...
Last time we looked at XRPUSD (Ripple) was 3 months ago, giving the most accurate pull-back buy entry we could get (see chart below): Following the SEC news on July 13, the price broke above $90 for the first time since April 2022 but since then started a decline which in two aggressive parts eventually broke below the 1D MA50 (blue trend-line) and hit both...
Huge success for Ripple (XRPUSD) as following the favorable court ruling, the price smashed the 0.65000 target that we set on our analysis last month (see chart below), and broke aggressively above the (now former) Channel Up: We need to get to the 1W time-frame in order to understand more effectively the magnitude of this move. With the long Support of the...
It was on December 30 2022 when we last analyzed XRPUSD and gave you a long-term buy signal at the bottom: Following that it has been trading within a Channel Up pattern starting on the June 14 2022 market bottom, so effectively for a full year. The current short-term Cup formation was last completed on January 23 and started a 6 week pull-back before making...
XRPUSD has been making low flights ever since the September 23 rejection on the 0.618 Fibonacci retracement level. More specifically, since the November 08 FTX crash, it has been trading below the 1D MA50 (blue trend-line), which had so far three rejections. At the moment it is below also the 1D MA200 (orange trend-line), with the two forming last Friday the first...
XRPUSD eventually followed the trading plan we posted on September 16 as it broke above its (former) Triangle, hit the 1D MA200 (orange trend-line target and almost touched the 0.618 Fibonacci retracement level: The rise however was contained just within the May 2021 Lower Highs trend-line, which is the Bear Cycle's Resistance. Even though the 1D MA200 was...
XRPUSD 4h has formed a strong down-trending market structure. After strong rejection from the neckline of monthly head & shoulder, it has broken down on the lower timeframe. Currently, the price on the 4h timeframe failed to create a higher high, instead has broken down. As the long-term trend is down, it is a high probability for the price to continue to...
Ripple (XRPUSD) got rejected this Tuesday on the 1D MA50 (blue trend-line) in the aftermath of the worse than expected CPI report. That rejection was performed on the top (Lower Highs trend-line) of the Triangle pattern that the price has been trading in since the July 13 Low. Naturally, as long as the price remains within the pattern, the trend remains neutral...
XRPUSD made its last Low on June 18 and since then attempted a rebound. So far this has been rejected twice on the 1D MA50 (blue trend-line), below which XRP has been trading since April 15. Even in the event of a break-out, there is still the March 28 Lower Highs trend-line to consider, breaking of which should be the strong medium-term buy signal towards the 1D...
Here is my view for XRPUSD on H4. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
XRPUSD got rejected on the 1W MA50 (blue trend-line) for the second time in two months. Basically, it has been trading below the 1W MA50 for the whole year. At the same time it has been trading under the bearish pressure of the Lower Highs trend-line since the April 2021 High. This is not unfamiliar territory for XRP as every single Cycle it traded, has formed...
Confluence Price is about to fall to $0.30 Price will not fall dramatically but rather consolidate on small timeframes Once price reaches $0.30 expect a dramatic push up. Good luck and see you at $0.30
XRPUSD tested the downside and horizontal resistance at 0.773 Because it is in a downtrend in general I'm expecting a dip and a fall from the resistance level Towards the horizontal ambient level below at 0.62200
XRPUSD is on a very strong green 1W candle, the strongest since August 09 2021, posting so far a sizeable recovery in the past 2 weeks. As a result, the price is currently testing the 1W MA50 (blue trend-line), which is the technical Resistance during corrections. Interestingly enough, the correction since the April 12 2021 weekly high, shares the same...
Here is my view for XRPUSD on H1. The price should go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe and happy holiday!
This is just an update to my July 01 post on XRPUSD where as it hit the 1W MA50 (blue trend-line), I called for the bottom of the May correction phase: As you see the price rebounded strongly after that MA50 touch but lately has turned sideways struggling to get past 1.45. In my opinion this is not alarming as it is perfectly aligned with its long-term...