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XRPUSDT

XRP's rally today isn't the real breakout, but it's coming soon!Bitcoin bounce hard today taking out the 50K psychological barrier. Many alt-coins followed as well. Some like XRP rallied a little bit, but not too much. Why? Because, the money inflows right now are mainly focused on Bitcoin, and a few altcoins, but when the Bitcoin rally runs enough, cash will flow into cheaper alternatives. XRP is showing a bearish divergence on the hourly chart, which most likely is indicating that the price action will fall back to, or near the lower trend line on the chart above. This same pattern played out not to long ago, and will likely repeat, as the people that missed today's rally will be looking for an entry point if/when it pulls back, and the additional money inflows will cause each following run to gain momentum until it ultimately breaks through the upper trend line, pulls back, bounces off it, then runs for a nice gain. This is just my opinion, and in trading there are no guarantees or absolutes! Good luck, and always use a stop. #NeverFOMO
Long
by MetaShackle
3
HelenP. I Ripple can correct below support level and rebound upHi folks today I'm prepared for you Ripple analytics. A not long time ago price declined to the trend line, which coincided with the support line of the upward channel, thereby breaking support 2. After this, Ripple in a short time rose higher than this level and later rose to the resistance line of the channel. Then price made a correction to support 2, which coincided with the support zone, some time traded near and then rebounded and continued to move up. Soon, Ripple reached support 1, which coincided with the resistance zone, but the price at once rebounded and little declined. Then the price turned around and broke support 1, but soon fell back, after which turned around and finally broke support 1. After this, the price rose to the resistance line of the channel, but a not long time ago it rebounded and fell to the resistance zone, where XRP continued to trades very close to the support level. For my mind, Ripple will make a correction lower than support 1, after which it turns around and starts to move up to the resistance line of the channel. That's why I set my target at the 0.5385 level, which coincided with this line. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
5
#XRP (Ripple) Technical Analysis and Trade IdeaXRP exhibits clear signs of bearish pressure on both weekly and daily timeframes. The formation of lower highs and lower lows signals underlying weakness. Price has now reached a key support level, raising the potential for a retracement and a short entry opportunity. Potential Trade Setup: - Entry: Consider a short position upon a retracement, targeting previous weekly and daily lows. - Rationale: Price action suggests continued downward momentum in Ripple, and the current support level may prompt a temporary bounce before further declines. Important Disclaimer: This analysis reflects my personal market interpretation and does not constitute financial advice. Always conduct your own independent research and thorough risk assessment before making any trading decisions.
Short
by tradingwithanthony
"Ripple Faces Crucial Resistance, Potential Breakout Looms"Ripple (XRP) Navigates Pennant Formation: Critical Juncture Signals Potential Breakout Ripple's XRP, a cryptocurrency known for its unique utility in cross-border payments, is currently at a pivotal moment in its price action. On the shorter time frame, XRP is exhibiting a compression pattern resembling a pennant formation, suggesting an imminent breakout. However, the rejection off the downward resistance within this pattern is signaling caution among traders. A pennant formation is a technical chart pattern characterized by converging trend lines, forming a triangular shape resembling a pennant. Typically, this pattern occurs after a strong price movement and indicates a period of consolidation before a potential continuation of the prior trend. At present, XRP is witnessing a compression within this pennant formation, with price action oscillating between the converging trend lines. The rejection off the downward resistance line is a crucial development to note, as it indicates selling pressure at higher levels. For traders and investors, this is a key point in time to closely monitor the XRP chart. The rejection off the downward resistance suggests that XRP may be poised for a breakout to the downside. If this scenario unfolds, the coin could potentially test the 31 cents support level once again. A breakdown below the bottom trend line of the pennant could result in a significant decline, possibly leading to a 30 percent loss from current levels. Such a move would warrant careful risk management and could trigger further selling pressure among investors. However, it's important to consider the alternative scenario. If XRP manages to hold the lower boundary of the pennant and subsequently breaks above the red expanding range resistance, it could signal a bullish breakout. In this case, traders may look to play the breakout, anticipating a continuation of the prior uptrend. As always, trading cryptocurrencies involves inherent risks, and it's essential for traders to conduct thorough analysis and implement appropriate risk management strategies. While the pennant formation presents a potential opportunity for traders, it also carries the risk of a downside breakout. Therefore, exercising caution and closely monitoring price action is paramount in navigating these uncertain market conditions.
BITSTAMP:XRPUSD
by UnknownUnicorn2319099
2
The XRP hourly chart showing a bearish divergence.The crypto market as a whole has been moving up nicely recently. XRP has gained some ground, even though it hasn't moved near as much as most other cryptos. It is now showing a bearish divergence on the 1 hour chart, which could be a sign we're going to see a pullback. I'd recommend caution here regardless of the cryptos you hold, just because we've seen seen many of them move significantly as of recent. Keep your eye on Bitcoin to be your primary indicator. Good luck, and always use a stop loss.
Long
by MetaShackle
Ripple can break resistance level, make retest and continue growHello traders, I want share with you my opinion about Ripple. Observing the chart, we can see that the price a not long time ago started to trades in an upward channel, where it first declined to the support line and then continued to move up in the channel. XRP reached a resistance level, which coincided with the seller zone and soon broke it, after which the price made little correction and later rose to the resistance line of the upward channel. Next, the price turned around and made a strong downward impulse to support line of the triangle, thereby exiting from the channel and breaking two levels - 0.5265 and 0.5010. But soon, Ripple turned around again and in a short time rose back to the resistance line, breaking the 0.5010 support level, which coincided with the buyer zone. Then it made a correction to this level and some time traded near, after which the price rebounded and made impulse up to the resistance level, thereby exiting from the triangle. Now Ripple trades near the 0.5265 level and I think that price can correct a little and then rise to the resistance level, and try to break it. After breaks, Ripple will make retest and continue to move up. For this case, I set two targets, the first target at the 0.5265 resistance level, and the second - at the 0.5365 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
3
XRP ANALYSIS🔆 #XRP Analysis : Channel Following 📊As we can see that #XRP is following ascending channel on 3d time frame. Currently the price is trading below its major resistance zone ($0.55). Price is moving upwards within a long-term rising channel, recently bounced off the lower support level. Expect a bullish move in few days.📈📈 🔖 Current Price: $0.5181 ⏳️ Target Price:   $0.9978 ⁉️ What to do? - Keep your eyes on the chart, observe trading volume and stay accustom to market moves.🚀💸 #XRP #Cryptocurrency #ChartPattern #DYOR
Long
by ZEUS_Market_Alerts
1
XRP is likely to rebound from the lower support of this patter!BINANCE:XRPUSDT BITSTAMP:XRPUSD CRYPTOCAP:XRP Update XRP is currently trending within a rising channel that has been in place for over 600 days. Presently, it maintains a position above the lower support level of this channel. We anticipate a potential rebound from this lower support zone. The area marked by the blue box represents the accumulation zone. Resistance levels to watch include the 50-day moving average, the 0.513 level, and the 0.85 level. To invalidate this pattern, XRP would need to break below the lower trend line of the channel. Stay tuned for further updates as the situation develops.
BITSTAMP:XRPUSDLong
by CRYPTOMOJO_TA
2
A nice inverse head & shoulders pattern has formed in XRP.XRP is arguably the most hated crypto in the space right now, but it's forming a very nice inverse head & shoulders pattern on the hourly chart, and has just crossed the neck line. We could see a really nice rally right here if it holds above that neckline, if so, it may pull back to it, then bounce off it like a trampoline. Other cryptos have been having nice rallies today, I think XRP might get it on a little of the action today. Good luck, and always use a stop loss.
Long
by MetaShackle
RIPPLE - Price can exit from penannt and fall to $0.4635 levelHi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊 A not long time ago price bounced from $0.5550 level to resistance line of downward pennant, after which it started to fall. In a short time XRP declined to $0.5550 level and broke it, then price made retest and later fell to $0.5010 level. After this price tried to rise and rose to resistance line of pennant, but it didn't fixed and soon fell to support area. Then Ripple bounced from this area and rose to resistance line again, making fake breakout of $0.5010 Recently XRP bounced down from resistance line and at the moment price trades very close to support level. In my mind, Ripple can reach resistance line again, and then bounce down to $0.4635, thereby exiting from pennant. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
3
XRPUSDT.1DBased on the provided market data, XRP is currently priced at $0.50, trading between the support level at $0.48 and the resistance level at $0.54 on a 4-hour chart. The Relative Strength Index (RSI) for 4 hours is 48.53, which suggests that the market is neither overbought nor oversold. The Moving Average Convergence Divergence (MACD) for 4 hours is -0.0018, indicating a bearish signal. On the daily chart, XRP has a support level at $0.48 and a resistance level at $0.55. The RSI is 38.13, indicating that the asset is somewhat oversold, and could potentially be a buying opportunity. The MACD is -0.018, which is a bearish sign. On the weekly chart, XRP has a support level at $0.46 and a resistance level at $0.60. The RSI is 42.20, indicating that the asset is neither overbought nor oversold. The MACD is 0.0011, suggesting a bullish signal. In my opinion, XRP is currently in a slightly bearish trend in the short term but could potentially be a buying opportunity based on the daily RSI. However, the bearish MACD on the daily chart suggests that the downward trend may continue, so caution should be exercised. The weekly chart suggests a possible upward trend, but the asset is currently trading below the weekly Bollinger Band (BB) of $0.68, which is a bearish sign. Therefore, investors should watch the market closely for any changes in these indicators.
by MarsSignals
XRPUSDT # 007 ( BEARISH phase finished $$$ ) Hello dear traders. Good days. First of all thanks for your comment and support. --------------- -------------------- ------------------ ------------- On 4Hrs time frame , bearish Gann Square finished and it get support from daily Gann Square Fan line for upward move . Expected to ripple retest rejected monthly Gann Square Fan line up to next reversal time zone . Chart updated and plotted with help of Gann Square and Gann Box. Good luck and safe trades .
Long
by SHAlavi
1
Be friends with the trend?The XRP currency is in an upward trend in 4 hours and is now at the bottom of this trend. 🔼 Therefore, if we want to trade according to the trend, we must say that the possibility of growth for this currency is more. ‼️ The first resistance range for this currency will be the ceiling of the previous peak, which is 5% higher. ⚠️ On the other hand, the important ranges of support and resistance in the daily time have also been identified in this chart, which are 6% lower and 11% higher, respectively.
Long
by karaco2022
HelenP. I Ripple can break resistance level and continue move upHi folks today I'm prepared for you Ripple analytics. A not long time ago price some time traded near the support level, after which it rebounded and in a short time rose to the resistance level, which coincided with the resistance zone, but when Ripple reached this level, it made a correction below. After correction, XRP rebounded up to the trend line, breaking the 0.5325 level, and then started to decline inside the triangle, where the price soon broke the 0.5325 level one more time. Also soon, Ripple declined below support level, which coincided with the buyer zone to 0.4850 points, but at once turned around and made a strong impulse up to the 0.5075 level. XRP some time traded near this level and later rose to the trend line, but the price wasn't fixed and in a short time declined lower to 0.5075 level one more time. At the moment, the price continues to trades in a triangle inside the support zone near the resistance level. For this case, I expect that Ripple will soon break the resistance level, make a retest, and then continue to rise to the trend line. After this, the price can break this line, thereby exiting from the triangle, making a retest, and continuing to move up. That's why I set up two targets, the first target at the 0.5140 level, and the second - at the 0.5240 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
3
"Anticipation Builds as Massive 6-Year Bull Pennant Takes Shape"XRP Ripple: Chart Analysis and Market Overview XRP Ripple, one of the prominent players in the cryptocurrency space, has recently captured the attention of traders and investors as it navigates a critical juncture in its price action. With the token currently holding a major make-or-break support level at 50 cents, coupled with the formation of a 6-year bull pattern compression, market participants are closely monitoring XRP's chart dynamics and assessing its potential for future price movements. Understanding XRP Ripple XRP Ripple is a digital asset and payment protocol created by Ripple Labs Inc., designed to facilitate fast and low-cost cross-border transactions. Unlike many other cryptocurrencies, XRP does not rely on blockchain mining for transaction validation. Instead, it utilizes a consensus mechanism known as the Ripple Protocol Consensus Algorithm (RPCA), which enables near-instantaneous settlement of transactions. The Chart Dynamics At present, XRP Ripple finds itself at a crucial juncture on the price chart, with the 50-cent level serving as a critical support zone. This level holds significant importance as it has historically acted as both support and resistance during previous price cycles. Additionally, the formation of a 6-year bull pattern compression indicates that XRP is undergoing a period of consolidation, with price action tightening within a narrowing range. Bullish Outlook Despite the uncertainty surrounding the cryptocurrency market, the overall sentiment towards XRP Ripple remains bullish. Several factors contribute to this optimistic outlook. Firstly, the token's utility as a cross-border payment solution continues to gain traction, with Ripple forging partnerships with financial institutions and banks worldwide. Additionally, the recent clarity in regulatory matters surrounding XRP has provided a boost of confidence to investors. Potential Risks However, it's crucial to acknowledge the potential risks associated with XRP Ripple's current price action. The looming threat of a breakdown below the critical 50-cent support level, especially if accompanied by significant volume, could trigger a cascade of selling pressure and potentially lead to a freefall in price. Moreover, regulatory uncertainties, particularly in the United States, continue to cast a shadow over XRP's long-term prospects. Market Sentiment Market sentiment towards XRP Ripple remains divided, reflecting the uncertainty and volatility inherent in the cryptocurrency market. While some investors remain cautiously optimistic about XRP's future potential, others adopt a more conservative approach, awaiting further clarity on regulatory and legal matters. Nevertheless, the overall consensus appears to lean towards a bullish bias, supported by positive developments within the Ripple ecosystem. Conclusion In conclusion, XRP Ripple stands at a critical juncture on the price chart, with the 50-cent support level serving as a key battleground for bulls and bears. The formation of a 6-year bull pattern compression adds further intrigue to XRP's price action, with the potential for a significant breakout in either direction. While the overall sentiment remains bullish, investors should remain vigilant and closely monitor developments in the cryptocurrency market, as regulatory factors and external events could influence XRP Ripple's trajectory in the near term.
BITSTAMP:XRPUSDLong
by UnknownUnicorn2319099
2
XRP: FINALLY💥 RIPPLE Victory in SEC CaseHi Traders, Investors and Speculators of Charts📈📉 Congratulations to all the XRP HODLERS 🤩🥂 (quick recap) ...The SEC case against Ripple was a legal battle between the US Securities and Exchange Commission (SEC) and Ripple Labs, the company behind the XRP cryptocurrency. The SEC sued Ripple in December 2020, alleging that XRP is a security and that Ripple had violated securities laws by selling XRP without registering it with the SEC. Ripple Labs denied the SEC's allegations, arguing that XRP is not a security but a digital currency. The case went to trial in February 2023, and on July 12, 2023, Judge Analisa Torres ruled in favor of Ripple Labs. Torres found that the SEC had failed to adequately prove that XRP is a security, and she dismissed the case. The ruling is a major victory for Ripple Labs and the cryptocurrency industry as a whole. It could have far-reaching implications for the regulation of cryptocurrencies in the United States. 👉The SEC failed to prove that XRP is a security. 👉The ruling could have far-reaching implications for the regulation of cryptocurrencies in the United States. 👉The ruling is a major victory for Ripple Labs and the cryptocurrency industry as a whole. This furthermore confirms my bias for the beginning of AltSeason 2023, check it out here: _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Editors' picks
KRAKEN:XRPUSDLong
by CryptoCheck-
116
XRP may attempt to make a move to the .6239 level.XRP has of late been lagging behind many other popular cryptocurrencies, which has disheartened many long-term investors, causing them to abandon the XRP ship they've long treasured. I hold and am still adding to a long-term position that I will likely hold for many years to come, even though I am generally more of a day/swing trader than I am a long-term investor. But the charts do seem to now be showing the potential for a move to around the $0.6239 level. XRP is one of those cryptos that likes to drag its feet until nobody is paying attention, then it makes a sudden, massive and unexpected move. Right now, with sentiment turning from positive obsession to sheer and utter frustration, in my opinion, could quickly turn into one of those times when XRP just kicks the doors off the charts and makes a large move very quickly! Even though I'm bearish at this point overall, as a trader, I always keep my eyes open for potential profitable trades. Traders must be flexible and malleable to be successful, as trends tend to pop up out of nowhere and/or reverse on a dime. Not being willing to ditch an old idea, theory, or strategy and embrace change will keep you watching rather than participating. Good luck, and always use a stop!
by MetaShackle
XRP WILL DROP 63% IN THE NEXT 45 TO 60 DAYS! Everyone is expecting the Bitcoin EFT to jolt crypto prices to the moon. This simply isn't going to happen. The mainstream media, and stock pundits have been extremely bullish about it, which is a sure sign that they are positioned, or positioning for the inevitable crash to come. You can see the fractal pattern clearly in the charts, although exact ending price points, and turnaround dates of any massive drive are virtually impossible to calculate. In my estimation, XRP will drop approximately 63% in the next 45 to 60 days. Many look at this as a bad thing, but it is what it is. Align your trades and crypto purchases with the Market Maker's, and you will always be in the green. These moves are no accident, they are created by hedge funds like Black Rock, Vanguard and State Street to profit from. They have multi-billions of dollars at their disposal, and going against them is suicide! I expect a small rally tonight or tomorrow as the last few straggler's position for what they think is going to be a breakout. They will most likely even throw a green breakout candle above the trend line to trigger the massive amount of buy orders in that area. Once triggered, the market will reverse and begin it's decent into red-candle-hell. I'll be placing a short position today, and adding to it on any price gains heading into tomorrow. Good luck!
Short
by MetaShackle
106