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XRPUSDT

Phemex Analysis #57: How to Trade XRP Like A ProXRP has been on a wild ride. Following our last analysis on December 11th , XRP peaked at $3.40, only to plummet nearly 50% to $1.76 after forming a third higher top with RSI divergence. Recently, we've seen a resurgence, with XRP climbing back up to around $2.36 – a 34% rebound. But where does it go from here? Is this a prime "buy the dip" opportunity for long-term holders, or is further downside on the horizon? Let's explore some potential scenarios. Scenario 1: Building a Base for a Comeback Imagine XRP consolidating its recent gains. Instead of another sharp drop, it finds a footing, establishing a base around $2, or even down to $1.80 if current support falters. This scenario would be characterized by: Accumulation signs near these levels, with higher RSI values and lower trading volume compared to the previous declines. This could indicate renewed buying interest. Pro Tips: Closely monitor volume and RSI. If they align with base-building conditions (higher RSI and lower volume), consider gradually entering long positions. Crucially, set stop-losses below key support levels to manage risk. Scenario 2: The Bear's Grip Tightens Now, picture this: The recent rally loses steam, and XRP breaks below critical support. A sharp drop below $2, accompanied by high trading volume and lower RSI compared to the fall from $3.40, could signal further trouble. In this bearish scenario, traders should brace for potentially deeper declines towards support zones around $1.3, $1.0 or even historical lows seen in past bear markets. Pro Tips: Exercise caution. Avoid entering trades until a clear direction emerges. Consider shorting opportunities if the price breaks below key supports (e.g., near or below current lows) with higher volume and lower RSI than previous drops. Scenario 3: A Period of Calm – Consolidation Another possibility is that XRP enters a period of consolidation, fluctuating between resistance around $3 and support near $2. During this period of reduced volatility: Traders can capitalize using Phemex Grid trading bots to capitalize profits from these small price fluctuations. Pro Tips: Set up long grid bots near the lower boundary (support) to buy as prices rebound. Position short grid bots near the upper boundary (resistance) to sell as prices approach. Remember, stop-losses are essential to manage risk if the price breaks out above resistance or falls below support. The Big Picture: Staying Ahead of the Curve Trading XRP requires a keen awareness of both broader cryptocurrency market trends and Ripple-specific news, such as regulatory developments that could impact investor confidence. Whether you're navigating a sharp drop (Scenario 2), capitalizing on consolidation (Scenario 3), or preparing for other potential scenarios, discipline and adaptability are paramount. By staying informed, managing risk, and adapting to changing conditions, you can trade XRP Like A Pro! Final Tips: Trade Smarter, Not Harder with Phemex. Benefit from cutting-edge features like multiple watchlists, basket orders, and real-time strategy adjustments. Our unique scaled order system and iceberg order functionality give you a competitive edge. Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
by Phemex
2
XRP Under Pressure: Inflows RiseXRP, the cryptocurrency closely associated with Ripple Labs, finds itself at a precarious crossroads. While the digital asset has shown glimpses of potential in the past, recent market indicators paint a concerning picture, with traders increasingly taking short positions and exchange inflows on the rise. This bearish sentiment is further compounded by negative perpetual funding rates, suggesting a prevailing bias towards short positions in the derivatives market. Despite these challenges, pockets of optimism remain, with some analysts predicting a brighter future for XRP and its underlying technology. Negative Funding Rates and Short Positions Perpetual futures contracts, a popular instrument among cryptocurrency traders, allow investors to speculate on the price of an asset without an expiration date. Funding rates associated with these contracts reflect the sentiment of the market. A positive funding rate indicates that traders are willing to pay a premium to hold long positions, signaling bullish sentiment. Conversely, a negative funding rate suggests that short positions are dominant, indicating a bearish outlook. Currently, XRP's perpetual funding rates are consistently negative, a clear sign that traders are overwhelmingly betting against the cryptocurrency. This bearish bias is a cause for concern, as it can create a self-fulfilling prophecy, where negative sentiment leads to further price declines, triggering more short positions and exacerbating the downward spiral. Rising Exchange Inflows Another worrying trend for XRP is the increasing inflows into cryptocurrency exchanges. When investors deposit their XRP holdings into exchanges, it often signals an intention to sell. A surge in exchange inflows can put downward pressure on the price of XRP, as the increased supply of the cryptocurrency on exchanges can outstrip demand. The combination of negative funding rates and rising exchange inflows paints a grim picture for XRP in the short term. These indicators suggest that traders are anticipating further price declines and are positioning themselves accordingly. XRP Ledger Stability and Innovation Despite the bearish price outlook, the XRP Ledger (XRPL), the underlying blockchain technology behind XRP, has demonstrated resilience and innovation. Recently, the XRPL experienced a brief downtime, raising concerns about its stability. However, the network quickly "self-healed," showcasing its robust design and ability to recover from disruptions. Ripple's CTO, David Schwartz, explained that the XRPL is designed to withstand potential failures, even in scenarios where all validators might perceive an issue with the network. This built-in redundancy and fault tolerance are crucial for ensuring the long-term stability and reliability of the XRPL. Furthermore, the XRPL has witnessed the growing adoption of its stablecoin, RLUSD. In just two months, RLUSD has facilitated over 105,000 transactions on the XRPL, demonstrating the increasing demand for stablecoins within the XRP ecosystem. The success of RLUSD highlights the potential of the XRPL to support a wide range of financial applications and use cases. The Path Ahead for XRP XRP finds itself at a critical juncture. The negative funding rates and rising exchange inflows indicate a bearish short-term outlook. However, the resilience of the XRPL, the growing adoption of RLUSD, and the persistent optimism of some market participants suggest that XRP's story is far from over. The cryptocurrency market is known for its volatility, and predicting future price movements with certainty is impossible. While the current indicators are concerning, they do not necessarily dictate the long-term fate of XRP. The cryptocurrency's future will depend on a variety of factors, including regulatory developments, technological advancements, and market sentiment. For now, XRP investors should remain cautious and closely monitor market trends. The negative funding rates and rising exchange inflows should serve as a warning sign, but they should not overshadow the underlying potential of the XRPL and the ongoing developments within the XRP ecosystem. Only time will tell whether XRP can overcome its current challenges and fulfill the lofty expectations of its most ardent supporters.
BITSTAMP:XRPUSD
by bryandowningqln
2
XRP Price Recovery Hinges on Bitcoin’s Next MoveXRP recently attempted to break its all-time high but faced strong resistance, triggering a wave of selling pressure. Now, XRP’s fate is closely tied to Bitcoin, with a 0.92 correlation, meaning BTC’s price action could dictate XRP’s next move. Key Bearish Signals for XRP: 🔻 Supply in Profit Dropped – XRP’s profit supply fell 3% after exceeding 95%, increasing selling pressure. 🔻 Critical Supports Lost – XRP fell below $2.95 and $2.70, now stabilizing around $2.46 with support at $2.33. 🔻 Investor Sentiment Wavers – If more holders sell to lock in profits, further downside is likely. Will Bitcoin’s Recovery Lift XRP? 📈 Bitcoin Eyes $100K Support – If BTC stabilizes and climbs higher, it could fuel a market-wide recovery. 📈 Key Resistance for XRP – Breaking $2.70 is crucial for upside momentum. A move past $2.95 would invalidate the bearish outlook and set XRP up for further gains. For now, XRP consolidation below $2.70 remains likely unless Bitcoin regains strength. If BTC pushes past $100K, XRP could follow, marking the beginning of a new bullish wave. 🚀
by paul_endeo
1
Bearish Phase Continues: XRP's 25% Decline Possible Target $1.80Hello and greetings to all the crypto enthusiasts, ✌ Reading this educational material will require approximately 2 minutes of your time. For your convenience, I have summarized the key points in 2 concise lines at the end. I trust this information will prove to be insightful and valuable in enhancing your understanding of market and Ripple. Personal Insight & Technical Analysis of Ripple: It is conceivable that we may witness upward candlestick formations as part of the completion of the ongoing bearish phase. I have depicted this potential scenario clearly on the chart, which should provide clarity on the matter. However, there remains a distinct possibility that Ripple may experience further depreciation from this point. In fact, I foresee an additional decline of at least 25% for this asset, with a target price set at $1.80. The bearish cycle we are currently observing is far from over. One of the significant indicators of its continuation is the failure of spot prices to rise in proportion to their potential, despite initial expectations. Furthermore, these spot prices have consistently fallen in response to Bitcoin's periodic downturns and have not been able to recover their losses following Bitcoin's price recoveries. In simpler terms, it appears that the much-discussed altcoin season in the market has been short-lived. This was particularly evident for certain altcoins, including highly regarded ones such as Ethereum, which failed to achieve the levels of growth many had anticipated. This brings me to a critical observation: why, when Bitcoin achieved a new all-time high, was Ethereum unable to surpass the $5000 threshold? The question becomes even more pressing when we consider that after a market correction, during which Bitcoin regained its position, many other altcoins continued to slide, indicating a lack of positive momentum in the broader market. These factors point to a larger trend of ongoing market weakness, suggesting that additional declines may be inevitable. The inability of Ethereum and other altcoins to capitalize on Bitcoin's strength, especially during a bull run, signals a more complex and challenging market environment. This ongoing pattern highlights the fragility of altcoins, particularly in relation to Bitcoin's dominant influence. Therefore, it seems prudent to expect further downward pressure across the board as we navigate the remaining phases of this cycle." This version aims to be more in-depth, offering both an analysis of the current situation and an explanation of potential future market movements, all while maintaining a professional and polished tone. However , This analysis should be seen as a personal viewpoint, not as financial advice, and it’s important to be aware of the high risks that come with investing in crypto market and that being said, please take note of the disclaimer section at the bottom of each post provided by the 🧨 Our team's main opinion is: 🧨 We might see some upward candles as part of the current bearish phase, but Ripple could still drop another 25%, with a target price of $1.80. The ongoing market weakness is evident, as spot prices aren’t growing as expected, and altcoins like Ethereum couldn’t capitalize on Bitcoin’s new all-time high. This suggests more declines ahead for the broader market. Give me some energy !! ✨We invest countless hours researching opportunities and crafting valuable ideas. Your support means the world to us! If you have any questions, feel free to drop them in the comment box. Cheers, Mad Whale. 🐋
Education
by MadWhale
9
XRP/USDT 1H: Distribution Phase Nearing Completion ?!XRP/USDT 1H:Analysis 🚀 Follow me on TradingView if you respect our charts! 📈 Daily updates! Current Market Structure: Price trading at $2.39 within a bearish structure, showing a clear distribution pattern. RSI at 38.06, with hidden bearish divergence signaling continued selling pressure. Smart Money Concepts: Institutional selling evident within the $2.50-$2.60 range, now acting as resistance. Current price action suggests Smart Money is accumulating at lower levels, likely targeting a liquidity sweep below $2.30. Key Levels: Resistance: $2.50 (previous support turned resistance). Support: $2.30 (major liquidity level). Risk Score: 8/10 – High risk due to bearish continuation signals and potential volatility near key levels. Market Maker Intent: Distribution phase appears to be ending, with price targeting liquidity below $2.30. Expect potential manipulation and a reversal only after significant accumulation at lower levels. Recommendation: Avoid long positions until $2.50 is reclaimed. Monitor for a sweep below $2.30 for possible reversal signs. High-risk environment; tight risk management is crucial. Confidence Level: 8/10 on bearish continuation with further downside expected. 🚀 Follow me on TradingView if you respect our charts! 📈 Daily updates!
Short
by Cryptokijker
XRP pattern failure leading to high risk opportunitiesBYBIT:XRPUSDT after 5 confirmations since mid November 2024, faced a pattern failure and crashed out of a bullish pendent. The cause for this can be speculated upon as can the cause for the dragonfly candle on the daily. Deepseek causing the pattern failure (but why, when Chatgpt did not cause a price rise? (The current bull run was driven by the US presidential election results, not AI)). US tarrif imposition causing the dragonfly and the initial downward pressure (but again, why? This is theoretically counter intuitive - crypto should rise in a trade war as it has no borders. Unless there's just rotation from insititional investors into some other asset. But again what asset and crypto should be one of the assets they rotate into, not out of?) As there is so much speculation, it's best to look at the charts - this is a situation where technical analysis outshines fundamental - to see if there is a margin trade opportunity for those who have an extreme risk appetite for volatile market trading. The trade is off today's dragon fly daily candle, a text book bullish candlestick and will be done without waiting for confirmation (i.e. the next daily candle) or any daily filter as the trading opportunity will be gone: Entry: 2.72 SL: 2.52 TP: 2.92 Ration: 1:1 Note: This is not a great risk:reward ratio, the market is in substantial turmoil and this is a trade without confirmation. The smart move would be not to trade, but wait for a few days (weeks?) for the market to settle, the fundamental drivers behind the current market moves to become more clearer (as well as the tariff imposition and it's effects) and a chart pattern forms. However, those that want to take advantage of a volatile market and can risk 0.25-0.5% of their portfolio for a margin trade can gamble (and this one is a gamble) on the above.
Long
by slip_stream
XRP/USDT 1H: Accumulation Phase Complete – Eyeing $3.15 BreakoutXRP/USDT 1H Chart Analysis 🚀 Follow me on TradingView if you respect our charts! 📈Daily updates! Current Market Structure: Price at $2.69 showing bullish reversal signs after accumulation at discount zone ($2.40-$2.60). RSI confirming bullish divergence from oversold levels, now trending upward. Strong volume observed on recovery candles, indicating institutional interest. Smart Money Concepts: Market Makers engineered a liquidity grab below $2.40, shaking out weak hands. Currently in the accumulation phase, preparing for a move toward the premium zone ($3.10-$3.20). Premium Zone resistance remains the key barrier to further upside. Key Levels: Entry Zone: $2.69-$2.71 Targets: T1: $2.85 (intermediate resistance) T2: $3.00 (psychological level) T3: $3.15 (top of premium zone) Stop Loss: Below $2.58 (recent swing low). Risk Score: 7/10 - Favorable risk-reward ratio with clear invalidation below the recent lows. Market Maker Intent: Accumulation phase at discount zone nearly complete. Expect upward continuation toward liquidity pools around $3.00-$3.10. Watch for strong reactions near the premium zone. Recommendation: Long positions favorable within $2.69-$2.71 range. Monitor volume for confirmation of breakout above $2.85. Maintain tight stops to protect against unexpected volatility. Confidence Level: 8/10 for bullish continuation toward the premium zone. 🚀 Follow me on TradingView if you respect our charts! 📈Daily updates!
Long
by Cryptokijker
Price Is NOT RANDOM! Do You Agree? • SeekngPips • TIME & PRICE!⚠️Do you still thing price is RANDOM❓️ 🌍 "You Don't need to know where the market is going to next to make money in the markets" ✅️ Were the famous words from the late and great MARK DOUGLAS 1948-2015 🟢SeekingPips🟢 agrees with the above statement very much, however what is ALSO true is that identifying key 📈PRICE LEVELS on a CHART📉 in ADVANCE BEFORE TIME and PRICE meet improves any trading edge.🚥
COINBASE:XRPUSDLong
by seekingpips
XRP, Bloodbath is ComingBINANCE:XRPUSDT / 1D Hello Traders, welcome back to another market breakdown. BINANCE:XRPUSDT is showing strong bearish momentum after BINANCE:BTCUSD and BINANCE:ETHUSD broken bellow resistance. However, the price is oversold for now. Hence, instead of jumping in at current levels, I recommend waiting for a pullback into the high of the range zone for a more strategic entry. If the pullback holds and sell off confirms, the next leg higher could target: First Resistance: Immediate levels formed during prior consolidation. Stay disciplined, wait for the market to come to you, and trade with confidence! Trade safely, Trader Leo.
Short
by BTM-LEO
5
I don't know why ???I don't know why, but I have a feeling that every time something experiences significant growth and reaches new highs, they create a problem that causes the price to drop significantly, and meanwhile, they buy and profit from it. In the 7 years I've been trading, I've seen a lot of these things. Even this descending wedge pattern could be a sign!!! Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Short
by CobraVanguard
7
Ripple Analysis - What Shall we Expect !!! If this wedge breaks, the price will drop to $2.3. So, be careful. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Short
by CobraVanguard
1
XRP's situation+next targets and expected movements.The price is currently within a wedge, which could be a bullish sign in the medium term. At the moment, I don't see the necessary volume to break the wedge, and I expect the price to come down to around $2.8 once more and then go up. This guess could form a head and shoulders pattern, which is great for a price increase. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
XRP - Time to buy again!As I mentioned in the previous analysis, the price can form a head and shoulders pattern. If that is happen, expect a significant price increase. previuos analysis Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
1
XRP drops 47.5% over 18 days after setting a new all-time high.The crypto market crashed today, dragging down virtually every cryptocurrency you can imagine. XRP saw a drastic decline along with the broader market, losing 47.5% since setting a new all-time high was set just 18 days ago. This has many people worried that the decline may continue, but this drop also changed XRP's structure dramatically, merging what were previously two bullish wedges into a single broadening wedge. If you look closely at the standard Fibonacci levels that I use—based on what I call the "equilibrium zone"—you’ll see that the uppermost and lowest Fib levels align perfectly with the price high and low throughout that 18-day period. Although the overall market feels bearish right now, as the average retail investor's emotions run off the scale due to the incredible devaluation of their digital asset portfolios, experienced traders and investors see this drop as an opportunity. There’s no guarantee that this is the bottom or that price will recover the higher levels that have now been lost. However, in my opinion, the chart pattern we now see as a result of this drop has amazing potential if price continues to hold above the lowest green Fib level. It was a painful day for some and a day of incredible gains for others (shorts), but the game never stops being played. Dust yourselves off, catch your breath, get your game plan together, and keep moving forward. Good things will come to XRP in due time. Good luck, and always use a stop-loss!
CRYPTO:XRPUSDLong
by MetaShackle
13
XRP/USDT 1H: Bears in Control – Next Stop $2.50? XRP/USDT 1H Chart Analysis 📉 Follow me on TradingView if you respect our charts! 🚀Daily Charts! Market Condition: Price: $2.608, showing bearish momentum after breaking previous support. Market Structure: Clear lower highs and lower lows, confirming a bearish trend. RSI: 34.11, oversold but no clear bullish divergence yet. Key Levels: Resistance: $2.90 (previous support now resistance). Support: $2.50 (psychological level). Premium Zone: $3.10 - $3.15. Smart Money Analysis: Market Makers in Distribution Phase, pushing price lower. Heavy Selling Pressure with clear institutional footprints. Confidence Level: 8/10 for short setup. Trade Setup (Short Bias): Entry: $2.65 - $2.70 on relief bounce. Targets: T1: $2.50. T2: $2.35. Stop Loss: $2.85 (above recent swing high). Risk Score: 7/10 (Favorable R:R). Recommendation: Wait for a relief bounce to $2.65 - $2.70 before shorting. Market structure suggests further downside likely. If price breaks $2.50, expect increased momentum downward. 📉 Follow me on TradingView if you respect our charts! 🚀Daily Charts!
Short
by Cryptokijker
XRP/USD technical analysis from 30.01.25 (Buy HOLD!)Glad to welcome everyone, dear friends! At the request of subscribers technical analysis of the pair pair Xrp/Usd. With the arrival of D. Trump, a new branch of development of the cryptocurrency market has begun. Xrp also did not stay aside, and many investors look at this project positively, setting high hopes. For example, the US SEC (Securities and Exchange Commission) may eventually finalize the XRP-SEC case that has been holding back the cryptocurrency for years. Another major accomplishment for Ripple was using transmitters licensed in Texas and New York to expand its presence in the US. Also, in early 2024, Ripple acquired Standard Custody and along with the purchase they received a license to store assets in New York, so they can offer cryptocurrency storage to banks in New York as well as RLUSD. Due to this positive news, and in conjunction with my analysis on Btc/Usd and Eth/Usd pair, I expect a breakdown of the diagonal line and the main resistance zone indicated on the chart and growth to the main target of ~$3.63 as part of wave 5 (sub-wave 3). Stop for the local minimum of ~$2.6. Happy trading everyone and don't forget about risk management! Some more of my ideas: BNB/USD on 01/28/25 ARB/USD from 28.01.25 LDO/USD from 01/19/25
BITSTAMP:XRPUSDLong
by CaptainLong
Trading strategy is determination and waiting Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- BW(100) indicator and HA-High indicator show the high point range. In other words, the fact that the BW(100) indicator and HA-High indicator were created means that it has fallen from the high point range. Therefore, the range made up of the BW(100) indicator and the HA-High indicator is called the high boundary zone. When it falls in this range, you can sell (SHORT), but it is not easy to enter the actual sell (SHORT) position. Therefore, in order to reduce this difficulty, the box range was set and displayed based on the HA-High indicator. Therefore, when it falls below the 2.9660 point and shows resistance, it is possible to enter a sell (SHORT) position for the last time. In that sense, it can be said that entry was possible today. - Currently, the StochRSI indicator is showing a pattern of rising in the oversold zone and then failing to continue the upward trend and falling again. This means that the decline is strong. However, when the StochRSI indicator falls again to the oversold zone and then rises, it is highly likely to show a large increase depending on where it is supported. In that sense, if it shows support in the second zone of 2.5127-2.6031, it is highly likely to show a large increase. If not, there is a possibility of meeting the M-Signal indicator on the 1W chart. - (30m chart) For a trend change, you can see where it is based on the MS-Signal indicator. However, you need to check whether the trend is sustainable at the support and resistance points. In other words, it is currently showing signs of rising above the MS-Signal indicator. If it continues to rise like this, in order to continue the upward trend, it must rise above the M-Signal indicator and 5EMA+StErr indicator on the 1D chart to maintain the price. If not, it will fall again. Therefore, you need to buy (LONG) when it is supported near the HA-Low indicator and BW(0) indicator, and liquidate when it is resisted near the MS-Signal indicator. If you continue trading like that, if the MS-Signal indicator rises higher and the price is maintained, you can check for support near the M-Signal indicator and 5EMA+StErr indicator on the 1D chart and respond. Therefore, when looking at the 30m chart, it may be advantageous to trade with a buy (LONG) position. Then, when you meet the HA-High indicator or BW (100) indicator, you trade with a sell (SHORT) position. If you had previously traded with a sell (SHORT) position on the HA-High indicator or BW (100) indicator on the 30m chart, it would have been the best choice. - Thank you for reading to the end. I hope you have a successful trade. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been following a pattern since 2015. In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market. Accordingly, the bull market is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, we can see that the increase is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we do not expect to see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. That is, the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, this Fibonacci ratio is expected to be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you how to view and respond to it. Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role. The reason is that the user must directly select the important selection points required to create the Fibonacci. Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies. 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 -----------------
Education
by readCrypto
XRP is just getting started. XRPBTC chart has lots of room left.XRP has made some spectacular moves since the "Trump election pump" began on November 4, 2024, but we haven’t seen anything yet. Bitcoin has been absorbing hundreds of billions of crypto investment dollars during this timeframe, but when money starts fleeing Bitcoin in search of more undervalued assets, XRP will be the prime beneficiary. Bitcoin is obsolete and is being rejected by countries around the world as a consideration for strategic crypto reserves. ETH is too energy-inefficient and costly to use. XRP is the only viable option. Plus, with RLUSD, the ability to on-ramp or off-ramp has never been easier or more efficient than it is right now. Get ready! Good luck, and always use a stop-loss!
Long
by MetaShackle