XRP moonshot?Since April 2021 XRP has been banging on the 2/1 Gann failing time and time again.
In the last three years we hit the 2/1 Gann 5 times and failed to break it , this monthly candle is extremely bullish and we have reached the apex of this Gann triangle, the chances are we break to the upside.
Since March 2020 we have been printing lower highs on the monthly without fail.
Stoch RSI monthly buy.
Bar pattern fractal from 2015 repeating.
Very high chance here XRP breaks 2/1 this time round , there is a lot of momentum.
XRPUSDT
Expected Volatility Period: Around August 5 (August 4-6)Hello, traders.
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(1M Chart)
The key is whether it can maintain an uptrend along the long-term rising channel.
To do so, it is necessary to check whether it is supported and rising around 0.382 (0.6166).
The most important support area is around 0.47.
If the price maintains above 0.47, XRP is expected to form an uptrend.
If the uptrend continues,
1st: 0.5 (0.7144) ~ 0.7460
2nd: 1.0409
The 1st and 2nd areas above are expected to act as resistance.
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(1W chart)
A volume profile area has been formed in the 0.5455-0.6070 area.
Accordingly, the key is whether it can be supported and rise in the 0.5455-0.6070 area.
Therefore, whether it can be supported or not in the 0.382 (0.6166) area is important.
If it falls below the 0.47 point and shows resistance, I think it would be better to wait until it rises again without trading if possible.
If you want to buy, it is better to buy when it rises rather than when it falls.
The reason is that if it falls below 0.47, it will enter the mid- to long-term investment zone, so I don't know when it will rise.
We need to check whether it can break through the first resistance zone of 0.6810-0.7460.
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(1D chart)
The key is whether it can receive support near 0.6296 and rise.
If not, we need to check which direction it deviates from the 0.6070-0.6296 zone and maintains the price after around August 5.
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The fact that the HA-High indicator was created means that a high point zone has been formed.
Therefore, in most cases, it will not break through the box zone of the HA-High indicator and will fall.
If it does not and breaks through the box zone of the HA-High indicator upward, there is a high possibility that an upward trend will begin.
In this sense, the 0.5682-0.5979 section should be interpreted as an important support and resistance section for an upward trend.
Accordingly, if we look at it comprehensively, the 0.5455-0.6296 section is an important support and resistance section.
If we think about a trading strategy based on this section,
Buy section: 0.5682-0.5979, 0.6296
Stop loss section: 0.5455
1st sell section: 0.6810-0.7460
You should set it as above and think about whether you can proceed with the transaction according to your trading strategy.
The box section of the HA-High indicator of the current 1D chart is 0.5833-0.6379.
The box section of the HA-High indicator of the previous 1D chart is 0.5712-0.7077.
Therefore, there is a possibility that it will be restricted in its rise, but if it shows support near the HA-High indicator of the current 1D chart, it is expected that it will maintain its upward trend.
Therefore, the current wave can be said to be the beginning of a different wave from the previous wave.
-
Have a good time.
Thank you.
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- Big picture
It is expected that the full-scale upward trend will start when it rises above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 13401.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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XRP : buy 0.55 $Technical Analysis of XRPUSD Buy Signal 🚀📈
AhmadArz Analysis:
In the 4-hour XRP/USD chart from TradingView, a clear upward trend is observed. The prices are consistently moving within an ascending channel 📊 and have recently reached a new local high. This chart highlights optimal entry and exit points for a successful trade.
Entry Point:
The suggested entry point is around $0.61122. This point is near the middle line of the ascending channel, making it a good entry for continuing the upward trend. 📈
Stop Loss:
The stop loss is set at $0.50705. This level is below the previous support and indicates the end of the current upward trend if breached. 🛑
Take Profit Levels:
TP1: $0.59686
TP2: $0.63724
TP3: $0.68110
TP4: $0.73448
These profit targets are set progressively as the price reaches higher resistance levels, allowing the trader to exit the trade gradually and lock in profits. 💰
Important Points:
Ascending Channel: The black lines indicating the channel represent dynamic support and resistance. Prices continuously move between these lines. 📊
Strong Trend: The steep slope of the channel indicates a strong upward trend, increasing the likelihood of this movement continuing. 🚀
Entry and Exit Points: The selection of entry and exit points is optimized using technical analysis to provide maximum profit with minimum risk for the trader. 📈
This analysis serves as a practical guide for traders looking for optimal opportunities to enter the market and profit from strong trends.
Ripple (XRP): brief price analysisXRP has been stuck between $0.57 and $0.64 for the past few days, indicating a balance between supply and demand.
The upsloping 20-day EMA ($0.57) and the RSI near 63 suggest that the bulls have the edge. The XRP/USDT pair could rise to $0.64, which is an important level to watch out for. If buyers clear this hurdle, the pair may pick up momentum and surge to $0.74.
Contrary to this assumption, if the price turns down and breaks below the 20-day EMA, it will signal that the bears have seized control. That may start a slide to the 50-day SMA ($0.51).
XRPPUSDT ( INSIDE SUPPLY ZONE ) ( 1D )XRPUSDT
HELLO TRADERS
Tendency , the price inside two turning level around 199.493 & 197.879 , inside a supply zone
TURNING LEVEL (1) : the price of this level at 0.61 , so if the price breaking this level reach a resistance level (1) .
TURNING LEVEL (2) : the price of this level at 0.57 , so if the price breaking this level reach a support level (1) .
RESISTANCE LEVEL (1) : this level around 0.67 , for reach this resistance level the price need breaking a turning level (1) .
RESISTANCE LEVEL (2) : around 0.72 , for reach this level it will be breaking by open 1d or 4h or 1h candle above resistance level (1) .
SUPPORT LEVEL (1) : this level around 0.50 , for reach this support level the price need breaking a turning level (2) .
SUPPORT LEVEL (2) : support level at 0.32, for reach this level will be breaking by open 1d candle below support level (1) .
PRICE MOVEMENT :currently price around 0.60 , the price inside supply zone , in my suggest the price may be corrective 0.61 before dropping .
TARGET LEVEL :
RESISTANCE LEVEL : 0.67 , 0.72 .
SUPPORT LEVEL : 0.50 , 0.32 .
XRP: Outperforming Bitcoin and EthereumThe cryptocurrency market is a volatile landscape, marked by sudden shifts in investor sentiment and regulatory uncertainty. Amidst this turbulence, XRP has emerged as a standout performer, outpacing both Bitcoin and Ethereum. This exceptional performance can be attributed to several key factors, including its unique value proposition, technological advancements, and the evolving regulatory landscape.
Unlike Bitcoin, which primarily functions as a digital store of value, XRP is designed to facilitate fast, low-cost, and global payments. This focus on utility has made it particularly attractive to financial institutions and remittance services seeking to streamline cross-border transactions. Additionally, XRP's consensus mechanism, which is significantly faster and more energy-efficient than Bitcoin's proof-of-work, provides a compelling advantage.
While offering smart contract functionality, Ethereum has faced scalability challenges that have impacted transaction speeds and costs. XRP, on the other hand, has been engineered to handle high transaction volumes efficiently. This superior scalability makes it a more viable option for real-world applications, such as payments and remittances.
A crucial factor driving XRP's recent outperformance is the improving fundamental backdrop. The long-standing legal battle between Ripple and the SEC has cast a shadow over the cryptocurrency. However, with Ripple CEO Brad Garlinghouse expressing optimism about a resolution in the near future, investor confidence in XRP has been bolstered. A favorable outcome in the lawsuit could potentially unlock significant institutional investment and propel XRP to new heights.
Furthermore, XRP's growing ecosystem of partnerships and integrations is solidifying its position as a leading player in the global payments landscape. By collaborating with financial institutions and payment providers, XRP is expanding its reach and demonstrating its practical utility. This expanding network effect is likely to attract more users and investors, further driving price appreciation.
While XRP's performance has been impressive, it is essential to approach any investment with caution. The cryptocurrency market remains highly volatile, and regulatory risks persist. However, the confluence of XRP's unique value proposition, technological advantages, and improving fundamentals positions it favorably for continued outperformance in the long term. As the broader cryptocurrency market matures and institutional adoption accelerates, XRP's focus on utility and scalability could give it a significant competitive edge.
Ultimately, the decision to invest in XRP should be based on thorough research, risk tolerance, and a long-term investment horizon. By carefully considering these factors and staying informed about market developments, investors can make informed decisions about whether XRP aligns with their investment goals.
XRP Road MAPPrice Levels and Resistance Lines: The chart shows several horizontal resistance lines at different price levels such as $0.6025, $0.6135, $0.7915, $1.0260, $1.3437, $1.9716, and $4.1853.
These lines are likely previous support and resistance levels where the price had significant interactions.
Trend Lines:There are yellow downward and upward-sloping trend lines indicating bearish and bullish trends, respectively.
The price has broken out of these trend lines multiple times, indicating shifts in the market sentiment.
Pattern Formation: The chart shows a large triangle pattern with converging trend lines, suggesting a potential breakout.
Smaller triangular patterns within the larger trend indicate periods of consolidation before the breakout.
Measured Moves: Two measured moves are highlighted with blue rectangles, both showing a substantial 932.15% increase. These moves are indicative of significant upward momentum.
The first move shows a price increase from approximately $0.19 to $1.97.
The second projected move indicates a potential price increase from around $0.60 to the $4.18 target.
Volume: The volume bar at the bottom indicates trading activity. Higher volume during breakouts and significant moves suggest stronger momentum.
Current Price Action: The current price is around $0.6026, and it recently broke out of a consolidation pattern.
The breakout suggests a bullish trend with potential targets at higher resistance levels.
Key Observations:
Support Levels: Around $0.59, $0.53, and $0.43.
Resistance Levels: $0.6135, $0.7915, $1.0260, $1.3437, $1.9716, and $4.1853.
Trend: The recent breakout suggests a bullish trend, with potential significant upward movement if momentum continues.
Conclusion:
The XRP/USDT pair appears to be in a bullish phase, with potential targets at higher resistance levels. Traders should watch for confirmation of the breakout and volume to gauge the strength of the move. Monitoring support and resistance levels will be crucial for making informed trading decisions.
#XRP/USDT SHORT TRADE IDEA#XRP/USDT SHORT TRADE IDEA
Leverage: 20x
Entries: $0.5981
Take profit 1: $0.5815
Take profit 2: $0.5443
Take profit 3: $0.4834
Stop Loss: $0.6368
NOTE: This is just my prediction. Be sure to use STOPLOSS and remember that I am not a financial adviser. your money, your risk!
BINANCE:XRPUSDT.P
Thanks
The sroced.
XRP in Range // Long Opportunity maybe soonKey Levels:
Sellside Liquidity Zone:
shaded gray area indicating a potential support level where sell orders may be concentrated.
Resistance Level: horizontal line drawn around the $0.65 mark, suggesting a significant resistance level based on past price actions.
XRPUSDT ( UNDER DOWNWARD ORESSURE ) ( 4H )XRPUSDT
HELLO TRADERS
Tendency , the price is under bearish pressure , until trading below turning level .
TURNING LEVEL : the price of turning level around 0.60 , so if the price breaking this level reach a first resistance level , as long as BINANCE:XRPUSDT price breaking this level reach a first resistance level .
RESISTANCE LEVEL (1) : this level around 0.63, for reach this resistance the price it will be breaking turning level .
RESISTANCE LEVEL (2) : around 0.66 , for reach this level it will be breaking by open 4h candle above resistance level (1)
SUPPORT LEVEL (1) : this level around 0.57 , for reach this support level the price need stabilizing below a turning level .
SUPPORT LEVEL (2) : support level at 0.54 , for reach this level the price will be breaking by open 1h or 4h candle below support level (1) .
CORRECTIVE : the price may be corrective turning level at 0.60 , before drooping .
TARGET LEVEL :
RESISTANCE LEVEL :0.63 , 0.67 .
SUPPORT LEVEL : 0.57 ,0.54 .
XRP bullish ideaI don’t know what’s going on behind closed doors at the Ripple office, but the chart certainly looks interesting.
Looking at the daily chart, we can see the price action is approaching a 36 (3+6=9) month old horizontal resistance/support zone.
“If you only knew the magnificence of the 3, 6, and 9, then you would have the key to the universe.” Nikola Tesla.
Going back to July 2023, we see the market exploded past key resistance, resulting in a ~97% gain in a single day. This indicates the market is closely watching that level.
There is also a successful break of a 4 month diagonal resistance, building up momentum.
On top of that, XRP could be coming out of an accumulation phase that lasted approx 800 days. ( 800 Days in crypto is 8000 days in normal life)
Let’s not forget that XRP is an ISO20022 compliant cryptocurrency.
Additionally, Ripple is listed on almost every existing exchange, making it accessible to buy for anyone on the planet and possibly beyond.
Moreover, CNBC's Fast Money streamed how to buy Ripple at $2.57 back in January 2018. With XRP currently trading at approx a 75% discount since then, it would need to pump by approx 370% to return to that level.
Overall, should XRP break the key level of ~$0.55, the next key zone would be ~$1.3.
Is Ripple (XRP) back to bullish cycle? – price analysisThe bears pulled XRP below the breakout level of $0.57, but they could not sustain the lower levels. This suggests aggressive buying on dips.
The bulls will try to push the price above $0.64, setting the stage for a move to $0.67 and later $0.74. Sellers are expected to defend the $0.74 level with all their might. If the XRP/USDT pair turns down from $0.74, it will signal that the range-bound action may continue for a few more days.
The $0.57 to $0.54 zone is expected to act as a strong support on declines. A break below the zone will tilt the advantage in favor of the bears.
XRP (Ripple): Pullback in UptrendTrade setup : Price is in an uptrend. Following a a bullish breakout from Falling Wedge pattern, price broke above $0.57 key level. However, it got overbought (RSI > 70), which was followed by a pullback on some profit taking. We would be buyers on pullbacks to $0.50-$0.55 support zone, with +30% upside potential back to $0.67 resistance.
Pattern : Pullback in Uptrend . Price remains in an Uptrend but has pulled back, which could present a 'buying dip' opportunity. Traders should look for the nearest support level where price could stabilize and resume its Uptrend. This support level could be a level where price bounced off of in the past, or a level that was previously resistance. (concept known as polarity).Learn to trade key levels in Lesson 3.
Trend : Short-term trend is Strong Up, Medium-term trend is Up and Long-term trend is Strong Down.
Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $0.50, then $0.42. Nearest Resistance Zone is $0.67.
Powerful Indicators---- XRPXRP again. In our report last week, we mentioned that XRP is in the bullish trend and pull back to the wavy area, and the bulls will increase. Unsurprisingly, XRP started to rebound just after we published the idea. Once again, XRP hit the upper rail of the wavy zone and bulls strengthened again.
When you use the TSB indicator, it will give a BUY or SELL signal, which means that the token has entered a bullish or bearish trend. The three rails in the wavy area are important support or resistance levels, depending on the direction of your position. You can add positions at these prices and reduce costs.
What’s more
At the daily level, the TSB indicator also gives a BUY signal, which means that XRP has turned into a bullish trend at both the daily level and the 4h level. Use our indicators to earn profits at any level.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
XRP buy setupDue to its bearish structure, it is expected that the price will be rejected to a strong support range and the liquidity pools at the bottom of the chart will be swept away.
On the green range, we can look for buy/long positions.
Closing a daily candle below the green range will violate the analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
XRP Breaks Through: A Bullish Signal or False Dawn?XRP, the native token of the Ripple network, has been making waves recently with a surge in price that sees it decisively breaking through both the 50-day and 100-day Exponential Moving Average (EMA) lines. This technical indicator suggests a potential shift in momentum for the cryptocurrency, but is it a sign of a sustained bullish trend or a temporary blip?
Understanding the EMAs
EMAs are a popular technical analysis tool used to gauge an asset's price movement. They smooth out price fluctuations by giving more weight to recent prices. The 50-day EMA reflects the short-term trend, while the 100-day EMA represents the mid-term trend. Traditionally, a breakout above both EMAs is considered a bullish signal, indicating a potential reversal from a downtrend or a continuation of an uptrend.
XRP's Recent Price Action
For much of 2024, XRP had been trading sideways, consolidating around the crucial $0.50 support level. However, a recent uptick in buying pressure has pushed the price above the 50-day EMA and decisively past the 100-day EMA. This breakout suggests a potential shift in market sentiment, with investors becoming more optimistic about XRP's future prospects.
Possible Reasons Behind the Breakout
Several factors could be contributing to XRP's recent bullish momentum:
• Renewed Interest in Ripple - Ripple, the company behind XRP, has been making significant strides in its ongoing lawsuit with the SEC. Recent developments in the case, such as favorable court rulings, could be boosting investor confidence in Ripple and by extension, XRP.
• Increased Adoption of RippleNet - RippleNet, Ripple's cross-border payment network, has been gaining traction in the financial sector. New partnerships and successful use cases could be driving demand for XRP, which is used to facilitate transactions on the network.
• Broader Market Recovery - The cryptocurrency market as a whole has shown signs of recovery in recent months. This positive sentiment could be spilling over to XRP, leading to the current price increase.
Is This a Sustainable Bull Run?
While the breakout above the EMAs is a positive technical indicator, it's crucial to maintain a cautious outlook. Here are some factors to consider:
• Market Volatility - The cryptocurrency market remains highly volatile. Short-term price swings and potential corrections are still a possibility.
• Outcome of the SEC Lawsuit - The ongoing legal battle between Ripple and the SEC is a major overhang for XRP. A negative outcome could dampen investor enthusiasm.
• Regulatory Landscape - Regulatory uncertainty surrounding cryptocurrencies persists globally. Stricter regulations could hinder XRP's adoption and growth.
Looking Ahead
The recent breakout of XRP above the 50-day and 100-day EMAs is a positive development, but it's too early to declare a sustained bull run. Continued buying pressure, positive developments in the SEC lawsuit, and wider adoption of RippleNet are necessary for XRP to maintain its upward trajectory. Investors should closely monitor these factors and conduct thorough research before making any investment decisions.
In Conclusion
XRP's recent price action has sparked renewed interest in the cryptocurrency. While the technical indicators suggest a potential bullish trend, a wait-and-see approach is recommended. Continued monitoring of market forces, legal developments, and regulatory landscapes will provide a clearer picture of XRP's long-term prospects.
Time Proves Everything---- XRPFor cryptoers who are new to this bull market, Ripple is an unfamiliar project. More Rookie’s knowledge of Ripple is that Ripple and many regulatory agencies have lawsuits. But this project, which was born in 2012, has received favor from the traditional banking industry at the application layer.
Among Grayscale’s trusts, apart from BTC and ETH, XRP has a seat. The recent Bank for international settlements recording XRP as secondary capital, like BTC, also showd Ripple's power.
Ripple is an International remittance solution, which is the same as SWIFT. However, Ripple uses distributed ledgers to achieve secure and instant global financial transactions. Compared to projects growing in a complete ecosystem today, Ripple is more like an early blockchain innovation project relying on the real world. Even though Ripple is 12 years old, it is still functioning on an application level.
The premature attention attracted regulators from the SEC. The protocols or CEXs of the same period were almost defeated by regulation or eliminated by the times. Ripple is a living fossil. Now, regulators are loosening the rope on the crypto market. The listing of the ETF and the dismissal of the lawsuit prove this. Ripple gets a chance to get off the ropes. At the same time, become a strong competitor for the next ETF.
Next let’s look at the indicators. XRP is one of the few tokens with a BUY signal in the current environment. We can see that after the TSB indicator prompted a BUY signal on July 24, XRP had an obvious pump. It is now pulling back near the support line in the wavy zone. This will generate bullish power and is a suitable point to add to a position.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
XRP/USDT XRP has been consolidating within a descending channel since early 2021, with the price making lower highs and lower lows. Currently, XRP is testing the upper boundary of this channel.
- While XRP has bounced off the $0.42 support, the overall market sentiment and excessive hype on social media indicate a possible pullback.
- If XRP fails to break above the $0.5678 resistance and the descending channel, we could see a significant correction.
- A likely scenario involves XRP dropping back to the $0.42 support level. If this level fails to hold, a further decline to the $0.22 area is plausible.
Despite the recent price surge, caution is advised due to the high levels of hype and potential overextension. A pullback to lower support levels, possibly around $0.22, could be on the horizon if the current resistance remains unbroken.