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Xrpusdtrading

#XRP (Ripple) Technical Analysis and Trade IdeaXRP exhibits clear signs of bearish pressure on both weekly and daily timeframes. The formation of lower highs and lower lows signals underlying weakness. Price has now reached a key support level, raising the potential for a retracement and a short entry opportunity. Potential Trade Setup: - Entry: Consider a short position upon a retracement, targeting previous weekly and daily lows. - Rationale: Price action suggests continued downward momentum in Ripple, and the current support level may prompt a temporary bounce before further declines. Important Disclaimer: This analysis reflects my personal market interpretation and does not constitute financial advice. Always conduct your own independent research and thorough risk assessment before making any trading decisions.
Short
by fxtraderanthony
XRP is likely to rebound from the lower support of this patter!BINANCE:XRPUSDT BITSTAMP:XRPUSD CRYPTOCAP:XRP Update XRP is currently trending within a rising channel that has been in place for over 600 days. Presently, it maintains a position above the lower support level of this channel. We anticipate a potential rebound from this lower support zone. The area marked by the blue box represents the accumulation zone. Resistance levels to watch include the 50-day moving average, the 0.513 level, and the 0.85 level. To invalidate this pattern, XRP would need to break below the lower trend line of the channel. Stay tuned for further updates as the situation develops.
BITSTAMP:XRPUSDLong
by CRYPTOMOJO_TA
2
XRPUSD: Prepare for massive bullish breakout soon.XRPUSD is almost oversold on the 1D technical outlook (RSI= 36.211, MACD = -0.013, ADX = 34.490) as it is under a LH trendline and trading inside a Channel Down since the November 6th 2023 High. This is an identical price action, also on RSI parameters, with October 2022 - February 2023. On March 21st 2023 the price crossed over the LH trendline aggressively and hit the R1 level. As the pattern since May 2022 is a Channel Up, the upside potential is very high. Consequently we initially target the R1 level (TP1 = 0.9200) and after a pullback to the 1D MA200, we will rebuy and target the top of the Channel Up (TP2 = 1.1500). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:XRPUSDLong
by InvestingScope
XRPUSDT to $1.22 this year?2 factors drive my analysis for why I'm forecasting XRP to hit $1.22 this year. First: XRP ETF Speculation from Blackrock. - BlackRock CEO Larry comment on the potential for an XRP ETF on Fox Business interview “I can’t talk about that!” when asked about an XRP ETF. This left investors and analysts parsing his words for hints of BlackRock's possible foray into XRP 2nd: Technical Analysis 2 sides of the coin for this, as seen by my bullish green price action arrow forecast and bearish red price action arrow forecast. However, i'm leaning more towards longs, due to fundamentals where despite volatility and FUD, the overall momentum is hopeful bullish. At the time of posting - 14Jan 4.30 SGT, XRPUSDT is on the weekly support -resist level. Previous week's candle closed bearish, however, with a long wick showing buyers strength. This week looks to be ending on a green candle. Long sell wick indicates sellers strength. Weekly is gonna close with a sideways momemtum, as market is hesistant and bith bear and bulls are looking to see each others next move. I however, expect week support to be respected, and pump up to week's resist after some consolidation, to retest March 22 week resist zone. If price retest Mar 22 resist zone and forms support on 0.748, I'm expecting XRP to push all the way to 1.22. While bullish for $1.22 target, that'll probably be pre ETH ETF, to which, a massive liquidity grab will bring XRP back to 0.5-0.8 zone.
Long
by lesnermj
XRP: Poised for a Bullish Move Hello fellow traders, I would like to share my outlook on the XRP price, as I believe it may be gearing up for a substantial surge. However, please note that the following information is solely my opinion and should not be considered financial advice. Remember to conduct your own research (DYOR) before making any trading decisions. Analysis: XRP has shown signs of consolidation in recent weeks, exhibiting a strong base around the $0.60 level. This stabilization indicates a potential accumulation phase, with buyers gaining control and preparing for an upward move. Price Projection: Based on the current market conditions and the underlying bullish sentiment, I anticipate that XRP could reach a target price of $0.94. However, it is crucial to exercise caution and consider other technical indicators and fundamental factors that may impact price discovery. Factors to Monitor: As we track XRP's progress, it is advisable to keep an eye on significant market events, news releases, and cryptocurrency trends. These external factors can greatly influence the sentiment and price of XRP. Risk Management: As with any investment, it is important to have a well-defined risk management strategy. Set appropriate stop-loss levels and consider position sizing to protect your capital in case the market does not move in our anticipated direction. Closing Thoughts: To sum up, in my observation, XRP is consolidating and demonstrating accumulation characteristics. While I expect the price to move towards $0.94, it is vital to conduct thorough research, evaluate risk factors, and make informed trading decisions. Remember, this analysis is for educational purposes only and should not be misconstrued as financial advice. Trade responsibly and make decisions based on your personal assessment of the market. Best regards, Crypto By Ghazi
Long
by Crypto-By-Ghazi
XRP → Ripple Heading Down to $0.53? This May Surprise You.XRP had yet another rejection off the top of the Triangle Resistance, pushing the price down below the Daily 30EMA. The crypto market as a whole is pulling back from its recent bull run. Are we going down? How do we trade this? 🤔 I believe the crypto market is going to reverse to the downside in the coming weeks. Refer to my recent Bitcoin lifetime analysis for those details: What does that mean for XRP? Given the large bear candle after contact with resistance closing below the Daily 30EMA, RSI below the Moving Average, the crypto market itching for at least a pullback if not a full blown reversal to previous lows, XRP has a high likelihood of touching the Triangle Support. The short-term trade option is to short scalp the market to the bottom of the Triangle with a 1:1 Risk/Reward Ratio. I would use a small position size give we have some distance from Resistance and that this is a scalp, which is inherently higher risk but in trade for greater probability of success. 💡 Trade Idea 💡 Short Entry: 0.61 🟥 Stop Loss: $0.67 ✅ Take Profit: $0.55 ⚖️ Risk/Reward Ratio: 1:1 🔑 Key Takeaways 🔑 1. Contact with Triangle Resistance, falling below 30EMA. 2. Last Daily Candle Closed Below 30EMA. 3. Gap to 200EMA and bottom of Triangle. 4. RSI at 44.00 and below Moving Average, Bias to Short. 5. Bitcoin Showing Signs of Reversal. Scalp Short. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Short
by TraderEngineering
WHY RIPPLE’S XRP COULD SMASH ALL-TIME HIGH IN 2024WHY RIPPLE’S XRP COULD SMASH ALL-TIME HIGH IN 2024 As the cryptocurrency world continues to evolve at a breakneck pace, Ripple’s XRP stands out as a token with significant potential. The year 2023 has been a rollercoaster for cryptocurrencies, but XRP has shown remarkable resilience and growth, surging by almost 80% since the beginning of the year. This growth trajectory has fueled speculations and predictions about XRP smashing its all-time high in the upcoming year 2024, riding on a wave of positive developments and market dynamics. The journey of XRP in recent times has been anything but ordinary. Hindered by the legal battles with the Securities and Exchange Commission (SEC), XRP was one of the few major projects that didn’t hit its peak during the 2021 bull run. However, the tables are turning. With a favorable ruling from a US district court and anticipation of positive outcomes from the ongoing legal saga, XRP is poised to reach new heights.
BITSTAMP:XRPUSDLong
by henryartem
#XRPUSDTDear Traders, As with other crypto pairs we have strong belief that XRPUSDT will be bullish in coming days and therefore it would be right time to invest in it. XRPUSDT is one of the stable crypto coin when it comes to stability of the crypto assets. Enter at the current price or wait for price to drop a little and then enter accordingly to your risk management and trading plan. If you have any questions please comment down in the comment section. Goodluck and trade safe.
Long
by Setupsfx_
5
XRPUSD: Start accumulating. Big move incoming.XRPUSD is neutral on the 1D technical outlook (RSI = 51.497, MACD = 0.005, ADX = 27.267) as the price is consolidating on the 1D MA50, corresting October's rise. We are expecting a few more days of consolidation as the accumulation pattern appears to be similar with February's and early March. On both patterns the presence of a LH trendline serves as a bullish trigger signal once crossed. It is a Triangle formation just as the RSI is inside a Cup. Our target if the LH trendline breaks, will be the R1 level (TP = 0.9200). See how our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:XRPUSDLong
by InvestingScope
XRPUSDT - D1XRPUSDT D1 - 3rd wave pattern may be formed which is already at the beginning of the 5th wave on W1. When breaking through/fixing the level of 0.5575 with targets of 0.7771 - 0.9285 What can you expect? You can consider an entry from breaking through ( you can wait for it to fixing ) the level of 0.5575 in continuation of the upward movement - to the levels of 0.7771. Cancellation of the movement, the price will break through the level of 0.4555. Targets 0.6409 - 0.6938 - 0.7771
Long
by Trade_Hive_Signals
XRPUSDT - AnalysisXRPUSDT W1 - the 3rd wave reached the targets by levels, breaking through the level of 0.9285. From this level, the price was also able to correct by more than 50% - further developments may mean the beginning of the 5th wave with targets of 0.9285 - 1.9586. What can you expect? Movements to the upper maximum – with targets at 0.9285 with a possible continuation of the movement at 1.9586. In the near term we may see a move towards the 1.0328 target from these levels. Long position Targets – 0.6848 – 0.8280 – 1.0328. Long-term perspective – targets 1.0355 – 1.3447 – 1.9586.
Long
by Trade_Hive_Signals
2