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XRPUSDT

XRP Rockets 12%: Triangle Pattern and Futures Signal Bullish RunXRP, the native token of Ripple, has defied the recent market stagnation with a stellar 12% surge in the past 24 hours. This jump extends its weekly gains to a remarkable 40%, significantly outperforming other major cryptocurrencies. This unexpected bullish move is fueled by a combination of technical analysis and a surge in futures bets, suggesting a potential continuation of the uptrend in the coming weeks. Bullish Triangle Hints at Breakout Technical analysts are pointing to a significant development on XRP's long-term price charts – the formation of a bullish triangle pattern. This pattern typically emerges when the price action gets squeezed between converging trendlines, one acting as resistance and the other as support. As the price fluctuates within this narrowing range, a breakout is often anticipated, with the direction determined by which trendline is breached. In XRP's case, the triangle pattern hints at a potential upside breakout. This is further bolstered by the recent price surge, which has pushed XRP towards the upper trendline of the triangle. If this resistance level is convincingly broken, analysts predict a significant price increase, with the height of the triangle often serving as a target for the breakout. Rising Futures Open Interest Fuels Optimism Adding fuel to the bullish fire is the noteworthy rise in open interest for XRP-tracked futures contracts. Open interest refers to the total number of outstanding futures contracts that have not yet been settled. A significant increase in open interest suggests a growing number of traders are placing bets on XRP's price movement, with a rising number typically indicating anticipation of volatility and potential price increases. The near doubling of XRP futures open interest within the past week signifies a surge in investor confidence and a potential influx of capital into the XRP market. This aligns with the bullish triangle pattern, suggesting a confluence of technical and market sentiment that could propel XRP further upwards. Is XRP Back on Track? XRP's recent performance marks a significant turnaround after a prolonged period of lagging behind the broader market. This sluggishness stemmed partly from the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) regarding the classification of XRP as a security. However, with some positive developments in the case, including a recent partial dismissal of the SEC's claims, investors appear to be regaining confidence in XRP's long-term prospects. A Note of Caution While the current momentum is undoubtedly positive for XRP, investors should exercise caution. The cryptocurrency market remains inherently volatile, and unforeseen events can trigger sudden price swings. As always, thorough research into XRP and the broader market environment is crucial before making any investment decisions. Looking Ahead The combined forces of the bullish triangle pattern and rising futures open interest paint a promising picture for XRP in the near future. If the anticipated breakout from the triangle materializes, XRP could experience a sustained price increase in the coming weeks. However, close monitoring of market developments and ongoing legal proceedings surrounding XRP remains essential for investors navigating this dynamic market.
Long
by bryandowningqln
1
Ripple (XRP) explodes with 10% daily growth: what's next?The crypto markets have overcome the selling pressure generated by Mt. Gox’s BTC transfers and the German government liquidating the seized assets. As a result, the Bitcoin price underwent a nice breakout and surged above the pivotal resistance zone, confirming a rise above the bearish captivity. With this, the traders appear to have jumped into a ‘FOMO’ well, as altcoins like Ripple (XRP) have gained immense attention. The XRP price attempts to reclaim levels above the multi-year ascending trend line, which could spark a new upswing to $1. The RSI is breaking above the descending resistance after failing to do so several times previously. Furthermore, the MACD is positioned for a bullish crossover. As a result, if the price closes the weekly trade above the trend line, it may find support in the $0.65 to 0.7 range, where bears dominate. As a result, the next few days could be crucial for the XRP price rally, as reclaiming $1 will be dependent on the weekly close.
by paul_endeo
XRPUSDT ( UNDER LONG PRESSURE ) ( 4H ) XRPUSDT HELLO TRADERS Tendency active bullish after the price stabilizing a turning level around 0.41 . TURNING LEVEL : a blue line between resistance and support level around 0.041, indicates if the price stabilizing above this level reach resistance level , if the breaking turning level reach a support level . RESISTANCE LEVEL : there is a green line around 0.45 , indicates selling have already increase this level , so if the price stable turning level reach this level . SUPPORT LEVEL : there is a red line below turning level around 0.38 , indicates buying have already increase this level , so if the price breaking turning level reach this level . PRICE MOVEMENT : maybe first the price will trying to dropping turning level around 0.41, after rising to the resistance level around 0.45 , then stable above this level and breaking a gap easily to reach at 0.47 , if the price breaking turning level reach a support level at 0.38 , then stable by open 4h candle below this level reach a 0.37 TARGET LEVEL : RESISTANCE LEVEL : 0.45 , 0.46 ( gap ) , 0.47 SUPPORT LEVEL : 0.38 , 0.37
Long
by ArinaKarayi
XRP Chart Analysis: Old-school coins are pumping!Hello everyone, I’m Cryptorphic. For the past seven years, I’ve been sharing insightful charts and analysis. Follow me for: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals. Now, let’s dive into this chart analysis: CRYPTOCAP:XRP recently pumped 48% from $0.3812 to $0.5659, creating interest for old-school XRP hodlers. The price is currently facing two important resistance levels: - The 0.618 Fib Retracement at $0.5350 - The 50 EMA resistance at $0.5210 To reach the resistance trendline at $0.62, CRYPTOCAP:XRP must break through these two resistance levels. A rejection is likely to drop the price back to the pavilion. Key Observations: - Primary Resistance: 50EMA and 0.618 Fib Retracement at $0.5350. - Higher Resistance: $0.62. - Support: $0.4148. DYOR before making any decision. NFA. Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you! #PEACE
by Cryptorphic
5
XRP - Increase Possible after THIS LEVELXRP - it's possible that the bottom may be near, and we're going to use a technical indicator to look for the bottom. It should be noted that I am NOT a fan of XRP BUT, I understand tat all coins are tradable despite whether or not I like them. So let's dive into the SIGNS of the times: Looking at the RSI below the chart, historically XRP bottoms are close when the RSI hit's the yellow line (34). It could trade lower for a few ore weeks to come, but ultimately this low RSI signals the bottom is either in or close. It is also worth noting that the M-Pattern should be finished playing out, or close to finished: Either way, if you MUST trade XRP, buy low and sell high. Bag holders gets burnt! ____________________________ BINANCE:XRPUSDT
by CryptoCheck-
XRP ANALYSIS🔮 #XRP Analysis - Breakout 🚀🚀 💲💲 There is a breakout of Falling Wedge Pattern in #XRP. It's a daily time frame breakout and it's ready for a bullish move of around 25% in for short term and around 40% in long term 💸Current Price -- $0.5120 📈Target Price   --  $0.7266   ⁉️ What to do? - We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸 #XRP  #Cryptocurrency #Breakout #DYOR
Long
by ZEUS_Market_Alerts
XRPUSDT Is XRP on the Brink of a Major Move?Yello, Paradisers! Are you ready to uncover the potential of #XRPUSDT's recent breakout? Let's dive in and see if this is the moment we've been waiting for. 💎#XRP has successfully broken out of its descending resistance with a strong green candle, signaling a potential bullish momentum to continue its upward move. This breakout is further confirmed by the RSI, which has also broken its resistance trendline. 💎However, the price hasn't retested yet, which means there's a probability that XRP will retest the support line at 0.4645 before continuing its upward movement towards the key resistance level at 0.567. A break above this level is required to maintain the upward momentum and reach our target area. 💎But what if XRP fails to break this resistance and faces a hard rejection? In that case, there's potential for the price to return to the support and move sideways within the support-resistance range. If XRP also breaks below the support line, it could be a bad sign, as the price might revisit the strong demand area at 0.411. 💎It's crucial for XRP to bounce when revisiting this strong demand area because it's an important level. If XRP fails to bounce and breaks the strong support at 0.411, the bullish invalidation will be confirmed, and the price will likely dip further downward. If you want to be consistently profitable, you need to be extremely patient and always wait for the best, highest probability trading opportunities. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise
2
XRP Price Surges: Critical Levels for Your Next TradeIn the latest 4-hour trading chart, BINANCE:XRPUSDT has shown a steady upward movement, closing at $0.4639. The 9 EMA and 20 EMA values indicate a bullish trend as they remain below the current price, signaling a potential continuation of upward momentum. Specifically, the 9 EMA has consistently risen from $0.4421 to $0.4517, while the 20 EMA has also increased from $0.4389 to $0.4451. These moving averages suggest that buying pressure is currently dominant in the market. The Moving Average Convergence Divergence (MACD) further supports this bullish sentiment. MACD histogram values have shown a consistent increase, indicating a strengthening bullish momentum. The MACD line has risen above the signal line, reinforcing the positive trend. Recent MACD readings, with the MACD line at 0.0056 and the signal line at 0.0028, also highlight the growing buying interest. Relative Strength Index (RSI) values have climbed from 57.13 to 67.29, approaching the overbought territory. This upward movement in the RSI reflects increasing buying pressure and suggests that the XRP price could continue to rise in the short term. However, traders should remain cautious as XRP approaches significant resistance levels. The first resistance level at $0.4766 is crucial. If the price breaks above this level, the next resistance zones to watch are at $0.4778 and $0.48. These levels could act as potential exit points for long trades, especially if the RSI continues to climb towards overbought levels, indicating a possible price reversal. On the downside, key support levels are found at $0.4331, $0.4146, and $0.3986. These levels offer potential entry points for long positions if the price retraces. A break below these support levels could signal a shift in momentum, making them critical areas to watch for potential short trades. In conclusion, the technical indicators suggest a bullish outlook for XRP with potential upward movement towards the resistance levels. However, traders should monitor these key levels and indicators closely to make informed decisions. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Ecoinimist is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
by Ecoinimist
XRPUSDT ( BETWEEN RESISTANCE AND SUPPORT TRENDLINE ) ( 4H )XRPUSDT HELLO TRADERS Tendency the price trade below a resistance trendline , indicates the price is under bearish pressure TREND ANALYSIS : resistance trendline was strong not easy to breakout , the price trade below this line to reach a support level TURNING LEVEL : a black line around 0.46 , indicates if the price stabilizing below this level reach support level , if the breaking turning level reach a resistance level RESISTANCE LEVEL : there is a green line around 0.49 , indicates selling have already increase this level , so if the price breaking above turning level reach this level SUPPORT LEVEL : there is a red line below turning level around 0.43 , indicates buying have already increase this level , so if the price stabilizing below turning level reach this level PRICE MOVEMENT : as long as the price trade below turning level at 0.46 , reach a support level at 0.44 , then stable below this level reach a 0.43 , if the price breaking turning level reach a resistance level at o.48 , then stable above this level touch a 0.49 CORRECTIVE LEVEL : the price corrective turning level at 0.46 , before dropping TARGET LEVEL : RESISTANCE LEVEL : 0.47, 0.48 SUPPORT LEVEL : 0.44 , 0.43
Short
by ArinaKarayi
6
What's the red line? XRPIt's not a secret that i hold a discrete bag of XRP. And i am holding it at least till a new all time high (this year?). Now, i want to show you what the red line. I added a volume profile for the whole chart of XRP, since the beginning. As you can see, the red line is where the price was traded the most (to simplify) and has generated the highest volume. Price is back again on this level (around 0.39) and majority of trades are long. This is, matematically, a strong, strong level. I expect that if something will happen, it's from there. And a flash dump, it's exactly need to generate a massive, flash pump. Support me with a like and share my ideas, thanks
BINANCE:XRPUSDLong
by SaliJournal
2
XRP Price Analysis: Support and Resistance LevelsXRP has recently experienced a significant decline, breaking below crucial support levels, notably $0.4240 and $0.4150. The price reached a low of $0.3826 before beginning a recovery wave. Despite this recovery, the price is still trading below the $0.4250 mark and the 100-hourly Simple Moving Average (SMA). Key Levels to Watch Support Levels: Immediate support at $0.3900 Major support at $0.3850 Potential further support at $0.3620 if the price continues to decline Resistance Levels: Immediate resistance at $0.4050 Significant resistance at $0.4150 (aligned with the 50% Fibonacci retracement level and a key bearish trend line) Additional resistance at $0.4220 Higher resistance at $0.4380 and $0.4450 Technical Indicators Trend Line: A key bearish trend line is forming with resistance at $0.4150 on the hourly chart. Fibonacci Retracement: The price faces resistance at the 50% Fib retracement level of the recent decline from $0.4467 to $0.3862. Analysis The XRP/USD pair is currently consolidating losses and may struggle to break above the $0.4150 resistance zone. The presence of a bearish trend line and the position of the 100-hourly SMA indicate a bearish sentiment in the market. The immediate recovery above $0.4050 may face strong resistance at $0.4150, beyond which $0.4220 acts as the next significant hurdle. If the price fails to breach these resistance levels, it might witness another downward movement. Breaking below $0.3850 could lead to further declines, potentially targeting the $0.3620 support level. Recommendation Given the current market conditions and technical indicators, the following recommendations are made: For Current Holders: Monitor the $0.4050 and $0.4150 resistance levels closely. Consider reducing positions if the price fails to break above these levels and shows signs of further weakness. Set stop-loss orders below the $0.3850 level to mitigate potential losses in case of a continued decline. For Potential Investors: Exercise caution and wait for a clear breakout above the $0.4150 resistance before considering new positions. A sustained move above this level could signal a potential recovery towards $0.4220 and higher. Alternatively, look for buying opportunities if the price approaches the $0.3620 support level, provided there are signs of stabilization and reversal from that point. For Short-Term Traders: Consider shorting positions if the price struggles to break above $0.4150 with a target around $0.3850 and a stop-loss just above the trend line resistance. Be prepared to switch to long positions if a clear breakout above $0.4150 occurs, targeting the $0.4220 and $0.4380 levels. Conclusion
BITSTAMP:XRPUSD
by bbitar
XRP Investment Strategy: Capitalizing on a Bullish TrendXRP is currently experiencing a bullish trend, trading above $0.4720 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line with support at $0.4760, indicating a potential upside break if it can surpass the $0.4840 resistance zone. If successful, the price may target the $0.4880 and $0.5050 resistance levels, with further potential to reach $0.5120 and beyond. However, if XRP fails to clear the $0.4840 resistance, it might decline towards the $0.4765 and $0.4740 support levels, potentially falling to $0.4640 if these supports fail. Given the current bullish trend and potential for upside movement, consider the following investment strategy: Entry Point: Buy XRP if it closes above the $0.4840 resistance level, indicating a potential breakout and continuation of the bullish trend. Short-Term Targets: Aim for profit-taking at $0.4880 and $0.5050, with a possibility to extend to $0.5120 and $0.5250 if bullish momentum continues. Stop-Loss: Place a stop-loss order below the $0.4740 support level to mitigate risk in case of a downside break. Monitoring: Keep an eye on the $0.4840 resistance level. If XRP fails to break this level and shows signs of weakness, consider a more cautious approach or partial exit to protect your investment. This strategy balances the potential for gains with risk management, ensuring you can capitalize on the bullish trend while minimizing losses in case of a reversal.
BITSTAMP:XRPUSD
by bbitar