XRPUSDT
XRP: Overbought at ResistanceRipple (XRP) technical analysis:
Trade setup : Bullish breakout from Ascending Triangle pattern, above 200-day MA and $0.55 resistance, signaled resumption of uptrend and price has reached our target of $0.68. However, price is now very overbought (RSI > 85!) just as it reached that $0.68 resistance. Hence, near-term, we’re likely to see it pause here on some profit taking.
Trend : Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Bullish but extremely overbought. ( MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance.
Support and Resistance : Nearest Support Zone is $0.55 (previous resistance), then $0.45. The nearest Resistance Zone is $0.68, then $0.92.
Ripple Price AnalysisIf a downward movement occurs towards the blue support box mentioned in the analysis, a spot investment can be made at the $0.5792 level.
If the blue support area is lost, the region for adding to the spot investment is at the $0.5479 level.
XRP will aim to continue the uptrend as long as it doesn't lose the $0.538 support. The upward target for XRP is $0.69.
NFA
XRP price likely to make contact with the 100 d.m.a.The global financial "day of reckoning" seems is getting closer everyday, and as the pressure builds in the banks, and financial markets, lots of new money is entering the crypto market. XRP is likely to pull back to the 100 d.m.a (the yellow line) before continuing the uptrend.
XRPUSDT: TIME FOR BULLS TO TAKE OVER!Dear Traders,
XRPUSDT prices have potentials to reverse from current price action, it will a great opportunity to hold buy positions on this crypto. After analysing the chart it showed us that priced first accumulated and ‘accumulation phase’ have just finished. Price have retested the liquidity voided area.
Levels to watch for XRP.The following chart has some levels to watch for XRP in the next few days. Even if the super bullish path slows, or retracts, the thicker white lower trend line would be a good guess as to the lower trajectory in price.
For reference.
* The yellow line is the 50 day SMA.
** The stochastic is set to 60/1/3.
Unleash the Bull Wicks and Ride the Wave of Strong Support!I want to share some exciting news about XRP that will surely get your adrenaline pumping. So, fasten your seatbelts and let's dive right in!
XRP has been on fire lately, showcasing nothing but bull wicks that are leaving traders in awe. These powerful upward movements are a testament to the incredible potential this digital asset holds. With each bull wick, XRP is making its intentions crystal clear - it's ready to break barriers and soar to new heights!
But that's not all - XRP has also been building a fortress of strong support levels. These levels act as a solid foundation, providing a safety net for any potential dips. It's like having a safety harness while climbing a mountain - you can confidently take risks, knowing that you have a strong support system in place.
Now, you might be wondering, "How can I be a part of this thrilling journey?" Well, my fellow traders, it's time to seize the opportunity and go long on XRP! The current market conditions, coupled with the bull wicks and robust support, present an ideal moment to ride the wave and potentially reap substantial profits.
So, here's your call-to-action: Don't miss out on this incredible chance to long XRP! Conduct your due diligence, analyze the charts, and make an informed decision. Trust your instincts, but also remember to manage your risks effectively. As the saying goes, "Fortune favors the bold," and it's time to be bold with XRP!
As always, it's crucial to stay updated with the latest market trends and news. Keep an eye on any developments that might impact XRP's trajectory, and be ready to adapt your strategy accordingly. Remember, successful trading requires a combination of knowledge, skill, and a bit of excitement!
So, buckle up, fellow traders, and get ready for an exhilarating journey with XRP. Let's embrace the bull wicks and strong support levels, and ride the wave of potential profits together!
Unleash the Bull Wicks and Ride the Wave of Strong Support!
XRP/USDT 1D Interval Chart Overview of the XRP pair to USDT chart, on a one-day time frame. First, the yellow line will mark the downward trend from which the price has moved into the sideways trend channel marked with blue lines.
Moving forward, we can move on to marking support areas when the price starts to reverse. And here the most important support point is the zone from $0.50 to $0.46, which protects against a larger price drop.
Looking the other way, we see that the price has reached an important resistance level at $0.62, which it has no strength to break yet. However, if we manage to break above this resistance, we can move further towards the strong resistance zone from $0.74 to $0.82.
As we can see, the place where the red ema cross 10 line crosses the green ema cross 30 line from below confirmed the transition to a local upward trend.
Please look at the CHOP index, which indicates that there is still some energy left for movement, on the RSI indicator we are approaching the upper limit, which may limit the room for further growth, the STOCH indicator also exceeds the upper limit, which may also result in a rebound of the current increase.
24-Hour Crypto Forecast: Buy Bitcoin 🌞, Sell XRP ☁️, or HODL? Slightly bullish sun 🌤️ lies ahead for Bitcoin, Ether, Polkadot, and Chainlink in the next 24 hours, indicating an upside potential. Altcoins like Ripple’s XRP, Binance Coin, and Cardano face slightly bearish clouds ☁️, signaling a downward trend.
Over a one-week horizon, there will be a 🏝️ tropical sun shining over Bitcoin and XRP, implying an imminent market correction is likely, according to ATTMO. The upward trend is set to continue for other altcoins, as a bullish ☀️ sun will shine over Ethereum and Cardano. Litecoin, Polygon, Uniswap, and Chainlink, however, face 🌥️ bearish clouds. 📉
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XRP : Forever the Pump-and-Dump coin?Hi Traders, Investors and Speculators of Charts📈📉
The markets are trading in the red and XRPUSDT is currently trading right on top of the 0,50c support zone. Unfortunately no buyers are showing up on lower timeframes and the technical indicator flashes a clear SELL in the weekly, meaning more downside is to be expected.
More downside seems highly likely with 45c being the next immediate support zone.
It seems that the SEC victory-increase was short lived and that definitely does raise some concern for the fundamental arguments of XRP.
Unlike ETH and BTC, XRP has been unable to regain highs and consistently trades lower as if there is an endless supply of sellers. While there is persistent and obvious growth on other early giants like Bitcoin and Ethereum, XRP remains the "pump and dump" coin.
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CRYPTOCAP:XRP BINANCE:XRPUSDT BITSTAMP:XRPUSD
XRP/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this XRP/USDT update from Crypto Sanders.
Chart Analysis:- XRP, formerly ripple, was a strong gainer on Tuesday, as the token rose by as much as 8% in today’s session.
Following a low of 0.5634 to start the week, XRP/USD raced to an intraday high of 0.6127 earlier today.
the world’s fifth-largest cryptocurrency rose to its highest level since August 15.
Today’s move saw XRP climb for a third straight day, pushing the token to a ceiling of 0.6400.
it appears that the relative strength index (RSI) has broken a resistance point of 73.00, and is now sitting at 75.08.
In order to reach the resistance above level, the index will likely need to reach a ceiling at or above 80.00.
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.
XRP Shows 3 Rising Wedges - Time to Long!
XRP is showing not one, but three rising wedges that have the potential to skyrocket its price! This is a moment we've been eagerly waiting for, and I believe it's time to seize the moment and long XRP.
Now, let's dive into the details and explore why this opportunity is so thrilling. Rising wedges are a powerful bullish pattern that often indicates a forthcoming upward trend. XRP has formed not just one, but three of these patterns in recent days, which is a rare occurrence. This suggests a strong bullish sentiment building up among traders, making it an opportune time to consider a long position.
Each wedge indicates a higher low and a resistance level that is consistently being tested. This repetitive pattern signifies that buyers are becoming increasingly dominant and are likely to push XRP's price higher.
So, why should you consider long positions on XRP? Well, apart from these rising wedges, there are several other factors that make this an enticing opportunity. XRP has been gaining significant momentum lately, with positive news and partnerships driving its growth. Additionally, the overall market sentiment is turning bullish, and XRP has historically been known to outperform during such market conditions.
Now, here's the exciting part: I invite you to take advantage of this incredible opportunity and consider going long on XRP. However, as with any investment, it's essential to conduct your own thorough analysis and risk assessment before making any trading decisions. I encourage you to review the charts, analyze the indicators, and set your stop-loss and take-profit levels accordingly.
Remember, timing is crucial in the world of trading, and this moment seems ripe for a potential upward surge in XRP's price. So, don't miss out on the action! Keep a close eye on XRP's price movements and make an informed decision that aligns with your trading strategy.
If you have any questions or need further insights, feel free to comment below. I'm here to offer support and discuss any trading ideas you may have.
XRP : Short Term, Take EXTREME CAUTIONHi Traders, Investors and Speculators of Charts📈📉
As promised, a short term update on XRP. It's important to remember, the price action we're seeing on most altcoins right now is due to rotations between BTC and alts. More info on this topic here:
Again I think there are better buys in the market than XRP right now. Alts with way better setups.
Incase you missed the previous update, here's some really important notices from my side. Also hence why I'm advising caution when trading XRP, especially if you're trying to swing trade:
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XRP: Ascending Triangle BreakoutRipple (XRP) technical analysis:
Trade setup : Bullish breakout from Ascending Triangle pattern, above 200-day MA and $0.55 resistance, could signal resumption of uptrend with upside potential to $0.68.
Pattern : Ascending Triangle which is a continuation pattern (it typically breaks out in the direction of existing trend). Most traders wait for a breakout but Swing traders could trade between the trendlines (Buy at Support, Sell at Resistance) as long as the trendlines are still relatively far apart.
Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $0.45. The nearest Resistance Zone is $0.55, then $0.68, and $0.92.
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).
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
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. ☁️
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XRP is above the 200 d.m.a. on the weekly chart.XRP is now above the 200 day moving average on the weekly chart which is a good sign. It's not a guarantee that XRP price will rise, but if you take into account other factors, it can make it easier to time out trades.
At this point I think that HODLing long term is the best play. The dollar, and most currencies around the world are losing value rapidly, and we may soon start to see the obvious tell-tale signs on hyperinflation.