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XRPUSDT

XRP's Roadmap to Recovery: Opportunities, Risks, and ForecastXRP, the native digital currency of the Ripple payment protocol network, reached its pinnacle at $3.84 on January 4, 2018, marking an astonishing surge of nearly 40,000% over the preceding 12 months. However, its current trading value hovers around $0.50. Much like several other smaller altcoins, XRP witnessed a wane in interest as escalating interest rates tempered the fervor in the cryptocurrency market. Additionally, it encountered formidable hurdles stemming from regulatory shifts and intensified competition within its ecosystem. Nevertheless, could XRP regain its momentum in the years ahead, potentially transforming a $10,000 investment into over $1 million? In 2012, a startup initially known as Opencoin (later rebranded as Ripple Labs) introduced Ripple as a payment protocol network crafted to facilitate real-time gross payments, remittances, and currency exchanges. Operating on its blockchain-based ledger, the platform promised secure, immediate, and nearly cost-free global financial transactions of any scale without the risk of chargebacks. Currently, financial institutions such as Travelex Bank, Tranglo, and Sentbe leverage Ripple's payment protocol network. However, the adoption of Ripple's XRP cryptocurrency for payments has not mirrored the levels witnessed with Bitcoin or Ether. While Ripple was once hailed as an innovative payment processing solution, it now contends with robust competition from akin blockchain networks like Ethereum, renowned for hosting a broader spectrum of decentralized applications and tokens, and Solana, recognized for its swift transaction processing and reduced fees. Meanwhile, in late 2020, the US Securities and Exchange Commission (SEC) lodged a lawsuit against Ripple and two executives, alleging the raising of $1.3 billion through an XRP token offering, deeming it an unlawful sale of unregistered securities. Despite a US judge ruling last July that XRP tokens were not categorized as unregistered securities, prompting the SEC to retract its lawsuit against the executives, a conclusive trial between the SEC and Ripple commenced in late April. This trial is anticipated to extend over several more months before a definitive verdict is reached. The prevailing uncertainty is likely to present the most significant immediate challenge for XRP this year. Furthermore, elevated interest rates pose another substantial impediment for XRP and most other cryptocurrencies in the foreseeable future. Earlier this year, numerous cryptocurrencies rallied as investors anticipated gradual interest rate reductions by the Federal Reserve. However, these aspirations were dampened by inflation reports exceeding expectations, casting a shadow over the cryptocurrency market's outlook. Should XRP's value surge by 668% to reclaim its all-time high of $3.84, a $10,000 investment would yield $76,800. Projections from Digital Coin Price suggest XRP may revisit this peak by 2030. Conversely, Cryptonewsz.com holds a more optimistic stance, forecasting XRP to ascend to $9.81 by 2030, potentially transforming a $10,000 investment into over $196,000. Nonetheless, for XRP to achieve millionaire-making returns from a $10,000 investment, it would necessitate a 100-fold increase. Even the most bullish forecasts fall short of this mark. Last June, crypto hedge fund manager Thomas Kralow predicted XRP's price would reach $30 by the conclusion of 2023. While this would have represented a remarkable 5,900% gain from $0.50 and translated into a $10,000 investment yielding $600,000, many skeptics questioned the feasibility of Kralow's projection. A $30 price target would elevate XRP's market capitalization to $3 trillion, surpassing the combined value of all other cryptocurrencies in the market. Although XRP's price attained $0.64 by the close of 2023, it has since receded by approximately 20% this year. Investors remain apprehensive about unresolved regulatory concerns, macroeconomic headwinds, and its capacity to contend with newer blockchain networks like Ethereum and Solana. Consequently, it appears improbable that XRP will furnish millionaire-making returns by the decade's end. Nevertheless, there exists potential for it to double, triple, or even quadruple in value if it secures a decisive legal triumph against the SEC and benefits from interest rate reductions by the Fed. In essence, XRP could still present promising long-term prospects for investors willing to endure the near-term volatility.
COINBASE:XRPUSDLong
by FOREXN1
1
XRPUSDT → Ripple prepares for 70% growth ↑BINANCE:XRPUSDT is forming a technical false break of support, in the long term consolidation above the zone should be formed with the purpose of continuation of growth, the potential of which can be opened by 50-70% The price on W1 is squeezed within the triangle. Another attempt to retest the resistance zone is being formed. At the moment, the market is restrained from strong growth by the proceedings between the SEC and XRP. Ripple recently announced that they are willing to pay a $10 million fine instead of $2 billion, while two strong lawyers are resigning from the SEC. The upside potential will be a price consolidation above the 0.500 area and on a breakout of 0.73. Support levels: 0.5000, 0.4226 Resistance levels: 0.6431, 0.7325, 0.8547 If the legal nuances are closed soon, a new bullish time will come for XRP and Ripple will start to conquer new peaks. Regards R. Linda!
Long
by RLinda
12
Take CAUTION with these ALTS : ALGO, LTC, XRP, HBARIt's time to review which altcoins showed sign s of strength during the recent new Bitcoin All Time High (ATH) ... and which showed no strength. Together with the failed breakout we observe on Algorand, THESE altcoins didn't fare much better. There are a few more, but let's focus on these alts for today: What we're comparing this chart to, is the obvious increase we have seen on BTC (new ATH) and the following increases across other altcoin markets: During the previous cycles; we often saw the altcoin market rally a week or two AFTER a new BTC peak. From this, we can determine that most of the bigger altcoins (by market cap) should have rallied by now. In conclusion; we need to re-evaluate the fundamental arguments for these alts - why were they not able to show signs of strength like other alts? Why were the sellers so overwhelming compared to other alts? _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:ALGOUSDT COINBASE:BTCUSD BINANCE:XRPUSDT BINANCE:LTCUSD.P BINANCE:UNIUSDT BYBIT:HBARUSDT
Short
by CryptoCheck-
6
HelenP. I Ripple will break trend line and fall to support levelHi folks today I'm prepared for you Ripple analytics. Some days ago price reached a resistance level, which coincided with the resistance zone, and soon broke this level. Then XRP rose a little more, and then in a short time declined below the 0.5410 level, breaking it again, and then the price continued to fall. After the price reached the support level, which coincided with the support zone, it some time traded near this level and later broke it, after which declined to the trend line. But then, the price turned around and made a strong impulse up, higher 0.5080 level, breaking it and making a retest also. Then Ripple continued to move up and soon reached a resistance level, but a not long time rebounded and fell to the trend line, where at the moment XRP continues to trade near. For my mind, Ripple will make a little move up and then rebound down to the support level, breaking the trend line. That's why I set my target at the 0.5080 support level. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
XRPUSDT.1DThe daily chart for Ripple (XRP/USDT) shows the price fluctuating within a defined range, currently sitting at $0.5298. The chart outlines key resistance levels at $0.5746 (R1) and $0.6686 (R2), which are critical points where the price has previously encountered selling pressure. The support level (S1) is established at $0.4697. Observing XRP's recent behavior near this level could provide insights into potential future movements. If XRP can maintain above S1, it might retest R1, suggesting a consolidation within this range. The RSI is almost at the neutral point of 47.24, which does not indicate a strong momentum in either direction, suggesting the market is in a state of balance between buyers and sellers. The MACD is very close to the signal line and slightly below zero, indicating a lack of strong bullish or bearish momentum. For traders: Watching the reaction at S1 is crucial; holding above it might suggest stability or a potential upward move toward R1. Breaking below S1 could signal a further decline, potentially reaching lower historical levels not marked on this chart. A breakout above R1 could lead to a test of R2, providing a bullish scenario to target higher levels. Traders should consider these levels for potential stop-loss or take-profit points, and observe volume and other indicators for confirmation of any potential moves.
by MarsSignals
RIPPLE - Price can continue to decline in channelHi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊 Recently price bounced from resistance line and fell to support line, but soon bounced up from this line, making fake breakout. Then in a short time, Ripple rose to resistance line, after which made little correction and soon broke $0.5365 level. After this, price rose a little more, and then started to decline inside falling channel, where it soon declined to resistance area. Later, XRP broke $0.5365 resistance level one more time and then in a short time declined to $0.4790 level. In my mind, Ripple can make small movement up and then continue to decline in falling channel. Also, I think that XRP can break the support level and decline to $0.4790 points support area. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
2
XRP/USDT WEEKLY CHART UPDATE !!Hello friends, welcome to this XRP/USDT update from Crypto Sanders. Chart Analysis everyone, what are your thoughts on the chart? Please share your comments regarding the XRP weekly update. Earlier this month, Ripple (XRP) faced a setback, failing to sustain levels above 53 cents, eventually dipping to 43 cents, now a critical support level. XRP rebounded from this point, concluding the week with a 6% uptick. However, despite efforts to uphold prices above 43 cents, buyers struggle to propel XRP to new highs. The 54 cents resistance looms ahead, potentially hindering renewed buying enthusiasm. Looking ahead, XRP has been confined within a broad range since late 2023, lacking a substantial breakout. This trend persists into the current year. Therefore, expectations for a significant rally should be tempered until a notable breakout occurs. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
by CryptoSanders9563
Ripple can exit from triangle, make retest and continue to riseHello traders, I want share with you my opinion about Ripple. By observing the chart, we can see that the price some time ago reached a resistance level, which coincided with the seller zone and broke it, after which started to trades in the range. Inside the range, the price rose to the top part and then turned around and declined lower than the 0.6085 level, thereby exiting from the range. After this, Ripple turned around and rose higher than the resistance level and started to trades in a triangle, where it rebounded from the resistance line and made a strong impulse down to the support line, breaking 0.6085 and 0.5065 levels. Then price turned around and made an upward impulse from the support line of the triangle to the support level, which coincided with the buyer zone and later finally broke the 0.5065 level, after which reached the resistance line of the triangle. But recently it rolled down from this line to the support line, where at the moment continues to trades near. For this reason, I think that Ripple can reach the resistance line, and break it, thereby exiting from the triangle and making a retest. After this, XRP will continue to move up, therefore I set my 1-st TP at the 0.5745 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
HelenP. I Ripple can continue to decline to $0.4670 levelHi folks today I'm prepared for you Ripple analytics. If we look at the chart, we can see how the price a not long time ago rebounded from the resistance level, which coincided with the resistance zone and made a strong impulse down to the trend line, thereby breaking the support level. But soon, XRP turned around and in a short time rose higher 0.4670 level, breaking it again and later making a retest. After this, it some time traded near the support level, after which it made a correction to the trend line. After correction, Ripple rebounded from the trend line and started to rise to the resistance level, and when the price reached this level, it entered to resistance zone. Price some time traded in this area, after which turned around and made an impulse down to the trend line, breaking the 0.5435 level. Soon, the price broke the trend line too and declined lower, and now XRP continued to move down, so, for my mind, Ripple will continue to decline to the support level. That's why I set my target at the 0.4670 level. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
XRP - 29c back on the cards for Cripple? 📉Hi Traders, Investors and Speculators of Charts📈 XRP has once again disappointed by being one of very few coins that did not rally during the recent BTC surge, which ultimately led to a new ATH. You would expect more from one of the altcoins-Titans, but unfortunately the fundamentals for XRP are looking terrible (at best). The price has lost a long-standing trendline which acted as support, a bearish sign for the foreseeable future (until we can reclaim daily candles above): XRPBTC is trading at all time lows (again) so if you ever did want to buy (for some reason), this would probably be a good time. The multiyear triangular consolidation keeps on heading lower and lower, each breakout failing into a further decline of value-loss against BTC: The only thing I can really say about this... is that it is utmost disappointing. XRP has become a pool of liquidity to just drain and drain, dominated by sellers every time there is an upward trend in the market. The XRP market cap is getting smaller, and there isn't much growth happening on the ledger. XRP reserves help by executives is just a quick buck for Ripple to fund their slow-bleed company. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:XRPBTC BINANCE:XRPUSDT
Short
by CryptoCheck-
XRPUSDT.1DOn the daily chart for Ripple (XRP/USDT), XRP is exhibiting a range-bound behavior, oscillating between defined levels of support and resistance. The price is currently near $0.5203, with a noticeable support level (S1) at $0.4697. Above, there is resistance at $0.5746 (R1), and a further resistance (R2) at $0.6686. The RSI is in the lower half of the range at 42.28, which can suggest bearish momentum but not yet oversold, providing potential room for downward movement. The MACD is slightly below the signal line, reinforcing the bearish sentiment as it suggests the possibility of further decline. For traders, the area around S1 could be seen as a potential entry point for a long position if they believe the support will hold, with a stop loss set below S1 to mitigate risk. A break below S1, however, could signal a stronger bearish trend and a potential short opportunity. Conversely, a move above R1 could indicate a shift to a bullish outlook, potentially targeting R2. Trading decisions should be accompanied by other technical indicators and volume analysis for better confirmation.
by MarsSignals
RIPPLE - Price can exit from wedge and rise to resistance areaHi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊 A not long time ago price entered to wedge, where it at once made downward impulse from resistance line. Ripple broke $0.5630 level, which coincided with resistance area, and in a short time declined to support line, breaking $0.4660 level too. Soon, it turned around and rose higher than $0.4660 level, making fake breakout, and continued to trades near this level. After XRP made a correction to $0.4660 level, it bounced and in a short time rose to resistance line of wedge. But recently price turned around and started to decline, so, I think Ripple can decline a little more. Later, price can bounce up to $0.5785 resistance area, exiting from wedge and breaking resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
📈XRP: Technical Analysis Amidst Market Tranquility🐢📊 Comprehensive Analysis - XRP 📊 Embarking on today's analysis amidst a market holiday, we find the market continues its calm demeanor, with the possibility of another day of consolidation and range-bound trading. Hence, exercise caution to avoid impulsive positions, as trading opportunities may be scarce during this period. 🔍 Project Overview: Today, we turn our attention to XRP, a cryptocurrency that personally doesn't resonate with me for its deviation from the fundamental principles of blockchain. However, as a professional, it's essential to stay abreast of developments in all relevant areas. 📈 Chart Analysis: Zooming into the daily timeframe, we witness a sharp downward movement, breaching the $0.495 support level. However, subsequent candlesticks failed to sustain below this level, potentially indicating the initiation of a new upward trend. Notably, XRP exhibits a bullish high wave cycle, with a conceivable upward target of $0.7240. 💡 Trading Strategy: For spot traders eyeing entry points, a cautious approach is advised. Consider setting your sights on the $0.7240 resistance level, where profit-taking may occur, or wait for a potential retracement to the support box. In the worst-case scenario, exercise patience and re-enter after a break below $0.724. 📊 Volume Analysis: Examining recent volume trends, red candle volumes outweigh green candles, suggesting prevalent selling pressure. Furthermore, the lackluster volume in the latest candlestick adds to the ambiguity, rendering it inconclusive for trading decisions. 🔄 Conclusion: With XRP's high wave cycle confining it within a range, traditional technical indicators like Fibonacci retracement offer limited utility. In such scenarios, traders must exercise caution and rely on comprehensive analysis to navigate the market effectively. May this analysis serve as a valuable resource in your trading endeavors. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
by itsparham96
XRP Long TermJust a long term chart on XRP. I simply drew lines from highs to lows. I don't know what I'm doing with regards to charting and this chart is not financial advice. I threw in some fibs, but not sure if I did those right either. But if you just look at the lines, looks like XRP is about to curve upwards and break out of the long term consolidation pattern by 2025 or so. If you follow all of the developments on the XRPL, announcements from Ripple, and lawsuit of Ripple vs. SEC, the stars are all aligning there too. We will see what happens in time. Again this is not financial advice and merely my opinion.
BITSTAMP:XRPUSD
by DigitalDog
1
Ripple can make retest of support line and then continue growHello traders, I want share with you my opinion about Ripple. Looking at the chart, we can see how the price traded in the seller zone, which coincided with the resistance level, after which rebounded and rose a little. But then XRP turned around and started to decline back to the seller zone, and when the price reached the seller zone, it entered to triangle, where Ripple made a downward impulse from the resistance line to the support line, breaking 0.5900 and 0.4735 levels. After this movement, XRP bounced from the support line and in a short time rose higher than the 0.4735 support level, breaking it again, after which it turned around and declined to this level. Price some time traded close to this level and later it declined to support line of the triangle, which coincided with the buyer zone and then made a strong impulse up, thereby breaking the 0.4735 support level and a not long time ago exiting from the triangle pattern. At the moment, in my opinion, Ripple can make a retest, after the breakout and then continue to move up. For this case, I set my target at the 0.5600 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
2