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XRPUSDT

Waiting for XRP to Catch Up• Since May of 2022, XRP has been trading in a range, Between 0.31 – 0.55 cents. • XRP’s PA is highly correlated to Bitcoin (Correlation Coefficient >96%). I think it is safe to assume that if Bitcoin’s uptrend will continue, XRP will break above the range high to recover the July 13th wick (at least). • XRP is above the 200, 50 & 21 Daily EMAs. The EMAs are beginning to spread apart with the short EMAs above the longer EMAs. This means that XRP’s short-term PA is turning bullish. • A breakout 55 cents and a S/R flip is a prerequisite for a long trade. Trade Idea: • Entry: 0.55 (range high s/r flip). • SL: 0.51 (EMA cluster). • Target: 0.90 (50% of the July 13th wick). • TP: 0.625, 0.70, 0.85. • R: R: 1:9 (1:1.8 to first TP).
Long
by NewThoughtCrypto
2
XRP Triangle Formation Signals Potential Breakout! XRP has been forming a triangle pattern, and all signs are pointing towards a potential breakout on the horizon. This is an opportunity you surely don't want to miss! For those of you who may not be familiar with triangle patterns, let me quickly explain. Triangles are a common chart pattern characterized by converging trend lines that create a contracting price range. They often indicate a period of consolidation before a significant price movement occurs. In this case, XRP has been exhibiting this pattern, and history has shown us that such formations often precede powerful breakouts. Now, why am I so excited about this? Well, fellow traders, XRP has been building up momentum, and with the triangle formation nearing its apex, we could witness a substantial price movement in the coming days or weeks. This presents an excellent opportunity to capitalize on potential profits! So, what's the call to action here? Add XRP to your watchlist and be prepared to take action when the breakout occurs. Keep a close eye on the price as it approaches the apex of the triangle, and once it breaks out decisively above the upper trend line, consider entering a position. Of course, please remember to perform your own analysis and risk management before making any trading decisions. The potential for a breakout in XRP is undeniably exciting, and it's crucial to position ourselves strategically to maximize our gains. By staying vigilant and ready to act, we can seize this opportunity and potentially ride the wave of XRP's upward momentum. Remember, timing is key in the trading world, and being prepared ahead of time can make all the difference. So, let's gear up, fellow traders, and get ready to take action when the XRP breakout occurs
Long
by bryandowningqln
XRP ☀️ Outlook; Bullish Trend On? Mixed trading conditions ahead on the global crypto market in the next 24 hours, with Bitcoin and Binance Coin facing slightly bearish clouds. ☁️ This implies a downside risk. The rest of the cryptosphere will see cloudy spells, indicating further upside potential. Ripple, which faces strong sunshine ☀️ , has the most upside potential, according to ATTMO. Over a one-week horizon, Bitcoin faces tropical 🌦️ trading conditions, which signal that the drawn-out bull market is nearing its end, with an imminent market correction ahead. A bullish sun ☀️ will continue to shine over Ethereum, Ripple, and Cardano, indicating additional upside potential. Smaller coins such as Polygon and Uniswap face bearish clouds, signaling a downward risk ahead. ☁️ Follow us for more crypto weather reports!
by ATTMO
XRP : Bullish Momentum Signals Potential Upside Breakout This technical analysis of XRP reveals a notable triangle pattern consolidation from October 24 to October 27, culminating in a strong breakthrough on October 27. Despite a brief drop to $0.5238, subsequent rapid gains to $0.5459 suggest potential bullish distribution and positive momentum. The analysis provides trade parameters, including a target of $0.623 and a conservative stop-loss at $0.5282. Market participants are advised to monitor trading volume for confirmation of the bullish trend, with a disclaimer highlighting the inherent risks of cryptocurrency trading. Technical Analysis: - Triangle Pattern: The consolidation period from October 24 to October 27 formed a triangle pattern, providing a strong foundation for the subsequent price movement. - Strong Breakthrough: At the candle closing on October 27, XRP fell to $ 0.5329 then breached $0.5238 with strong momentum, indicating potential strengthening. Interpretation: - Manipulative Price Action: The brief price drop to $0.5238 likely resulted from market accumulation and manipulation. However, the rapid subsequent increase serves as a positive signal. - Bullish Distribution: The rise to $0.5459 a few hours later suggests potential bullish distribution, where market participants prepare for further price escalation. Trade Parameters: - Target: With the closure above $0.5238 and positive follow-through to $0.5459, the potential upside for XRP is anticipated to reach the $0.623 level. - Stop Loss: To manage risks effectively, a conservative stop-loss order can be placed at $0.5282, just below the support level. Outlook: Market participants should monitor whether this upward movement is accompanied by strong trading volume to validate the bullish trend. Disclaimer: Cryptocurrency trading involves high risks, and this analysis is for reference only. Be sure to conduct research and consider other factors before making investment decisions.
Long
by fardycurry
XRP will easily see a 20% to 25% gain from current levels.XRP has been on a tear this past week, and there's no sign of it stopping anytime soon! I think we will easily see XRP gain 20% to 25% in short order. I think there's a good chance that price will hit the bottom trend line of the developing wedge pattern first, but it also may not. Watch the top trend line as your key indicator, and adjust it as needed to help predict the next move up according to your trading ideals. Good luck!
BITSTAMP:XRPUSDLong
by MetaShackle
XRP likely headed lowerWe saw XRPUSD pop slightly above $0.51 three days ago on the fake news about the SEC approval of Bitcoin Spot ETF. However, these gains lasted briefly, and XRPUSD bounced off the 50-day SMA that remains hovering above the 20-day SMA, indicating a downtrend. As for other technicals (on the daily time frame), MACD, RSI, and Stochastic are bearish. In fact, MACD recently failed to stay above the midpoint and reenter a bearish zone, which is quite worrisome. Due to that, we continue to be bearish on XRPUSD and think Bitcoin’s growing dominance will keep a lid on its price. Consequently, our view that XRPUSD will mark new lows below $0.45 remains valid. Illustration 1.01 The picture above shows the daily chart of XRPUSD and simple support/resistance levels. Technical analysis gauge Daily time frame = Bearish Weekly time frame = Slightly bearish *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:XRPUSDShort
by Tradersweekly
10
XRP/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this XRP update from Crypto Sanders. Chart Analysis:- XRP rose to a two-week high on Friday, following a decision by the Securities and Exchange Commission (SEC) to drop its case against Garlinghouse and Larsen. XRP/USD peaked at 0.5291 earlier in the day, which comes following a low at 0.4831 the day prior. As a result of today’s high, the ripple rose to its highest point since October 5, when the price peaked at 0.5325. Earlier gains have now eased, which comes as the relative strength index (RSI) failed to move beyond a ceiling of 57.00. At the time of writing, price strength is now tracking at 56.32, with the next visible floor at the 50.00 level. The 10-day (red) moving average has also begun to trend upward, increasing the chances of an upward crossover in the upcoming days. 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.
Long
by CryptoSanders9563
XRP Pumping 10% as SEC Drops Charges!XRP has surged a whopping 10% as the Securities and Exchange Commission (SEC) drops its legal charges against Ripple Labs. It's time to rejoice and seize this golden opportunity! 🚀 XRP Rockets to New Heights! 🚀 The recent development in the Ripple vs. SEC case has sent shockwaves throughout the crypto community. With the SEC's charges dropped, a renewed sense of optimism and confidence has flooded the XRP market. As a result, XRP has skyrocketed by an impressive 10%, and the momentum shows no signs of slowing down. 💰 Time to Long XRP: Embrace the Bullish Wave! 💰 Are you ready to ride this bullish wave and capitalize on the XRP pump? This is the perfect moment to consider longing XRP, as the market sentiment is overwhelmingly positive. With the legal shadow lifted, Ripple Labs can now focus on expanding its innovative solutions, potentially driving XRP's value even higher. 📈 Seize the Opportunity: Take Action Now! 📈 Don't miss out on this incredible chance to maximize your gains. It's time to take action and long XRP! Here's what you can do to make the most of this exciting situation: 1. Conduct thorough research: Dive into the latest news, market analysis, and expert opinions to gain a comprehensive understanding of the current XRP landscape. 2. Set your trading strategy: Define your entry and exit points, establish stop-loss orders, and determine your risk tolerance to ensure a well-informed and calculated approach. 3. Choose a reliable platform: Select a trustworthy cryptocurrency exchange that offers seamless trading experiences, robust security measures, and competitive fees. 4. Stay updated: Keep a close eye on XRP's price movements, market trends, and any potential catalysts that may impact its value. Stay informed to make timely decisions. Remember, trading involves risks, and it's essential to exercise caution and make informed decisions based on your individual circumstances. The recent developments in the Ripple vs. SEC case present an exciting opportunity, but always ensure you are comfortable with the potential outcomes. ✨ Embrace the Ripple Effect: Let's Ride the Bullish Wave! ✨ Join us in celebrating this significant milestone for XRP and Ripple Labs. The positive sentiment surrounding XRP is contagious, and together, we can ride this bullish wave to new heights. Long XRP and make the most of this incredible opportunity!
BITSTAMP:XRPUSDLong
by bryandowningqln