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XRP Ripple Technical Analysis and Trade Idea👀 👉 While XRP has maintained a bullish trend, recent price action shows signs of consolidation within a sideways range. Historically, Ripple has often retraced significantly following strong rallies—could we be on the brink of another pullback? In this video, we delve into the trend, price action, market structure, and a potential trade setup. Disclaimer:* Trading carries significant risk, and market conditions can shift rapidly. This video is for educational purposes only and should not be considered financial advice. 📊✅
by fxtraderanthony
1
Could XRP Hit $500 Monthly Say Yes 🚀 Could XRP Hit $500? Here’s why it’s possible: Beyond the chart telling us that if it exactly mimics its last similar breakout that it will achieve over 500 consider the following 🌍 Global Adoption: XRP could become the backbone of cross-border payments, replacing trillions locked in nostro/vostro accounts. 💸 Utility: Fast, cost-effective, and scalable, XRP is designed for massive transaction volumes. 🔥 Scarcity: Every transaction burns XRP, reducing supply as adoption grows. ✅ Regulation: Legal clarity will open the floodgates for institutional adoption. 📈 CBDC Integration: Ripple’s work with central banks positions XRP as the bridge for global currencies. 📈 Stablecoin Integration: Ripple’s RLUSD stablecoin enhances XRP’s ecosystem, facilitating seamless transactions and boosting demand. A $500 XRP isn’t just hype it’s the future of global finance. Many do not understand this asset #XRP #Crypto #Ripple #Finance
BITSTAMP:XRPUSDLong
by JasonTrading589
4
XRP Will Jump in Market Cap and Looks Bullish /Targets and PlansBINANCE:XRPUSDT COINBASE:XRPUSD 📈Which side you pick? Bull or Bear SL1 ---> Low-risk status: 2x-3x Leverage SL2 ---> Mid-risk status: 3x-4x Leverage (If there is just one SL on the chart, I suggest, low risk status) According to the price trend in the previous alt rally, you can see that XRP and DOGE are at their lowest market value compared to the previous rally. In the coming days, whenever the price of BTC is increasing or consolidating, while BTC.D starts a downward trend, we can expect the market's top tokens, especially XRP, to start jumping to ATH levels. The price falling below the yellow area cancels the bullish scenario. Potential price targets for the levels will be $0.88 and $1.2. 👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate. ➡️Entry Area: Yellow zone: ⚡️TP: 0.65 0.88 1.20 1.64 🔴SL: 00.2950 🧐The Alternate scenario: If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
Long
by CrazyS
2
XRP Above 54 CENTS LONG/ BELOW 50 CENTS SHORT MUST WATCH Good morning traders First time looking at XRP lets get into it. first and foremost it has hit my Daily projection going up, this could be a indication of further shorts to come but is it? Currently we a bit more depth of our analysis we have found that if we break above 54cents it would make a good long position to the 73 cents range and above. However if we go below 50 cents be expected to drop to the 40 cent range and lower Always look at both sides because as traders we follow the market in what it gives us not predict it based on what we see If this video helped you boost, comment, follow, like share MB Trader Have a awesome day trading
BITSTAMP:XRPUSD
by Mindbloome-Trading
XRPUSDT The XRP/USDT chart is currently in a sideways consolidation pattern between $0.588 and $0.595, indicating a lack of strong directional movement. The price has remained within this range with a notable fake breakout below support, which quickly recovered. Key Technical Points: Support Zone: Around $0.588 Resistance Zone: Around $0.595 Fake Breakout: The dip below $0.588 was a false breakdown, indicating the possibility of a range-bound market in the short term. Strategy: If Range Holds: Consider trading within the range. Entry: Long at $0.588 (support) or Short at $0.595 (resistance). Targets: Aim for a profit-taking strategy of around 0.003-0.005 points from entry. Stop Loss: Place stops below $0.586 for long positions and above $0.597 for shorts to avoid false breakouts. Breakout Scenario: If the price breaks and holds above $0.595, enter a long position targeting $0.600. Conversely, a sustained drop below $0.588 could signal a short opportunity, targeting the $0.580 region. This strategy focuses on the current sideways trend, allowing for quick reaction to potential breakout moves.
by Suyouu
1
XRP Price Likely to Fall Again: Understanding The Key DriversXRP's price has been falling continuously below the $0.480 level, similar to what happened with Bitcoin and Ethereum, dropping below $0.4650 down to $0.4620. The price formed a low at $0.4619 before it recently began to recover. The price saw a noticeable upward movement above the $0.4700 and $0.4720 resistance levels, even surpassing the halfway mark of the Fibonacci retracement for the recent downward wave from $0.4885 to $0.4620. However, sellers are still active around the $0.4780 area, defending the 61.8% Fibonacci retracement level of the same downward wave. There are also significant downtrend lines forming with resistance at $0.4770 on the hourly chart for the XRP/USD pair. Currently, XRP is trading below $0.4800 and also below the 100-hour simple moving average. From the upside, the price faces resistance near $0.4770, with the first major resistance near $0.4800. If the price successfully surpasses the $0.4800 resistance, it may head towards the $0.4885 resistance. The next significant resistance is at $0.5050, and a close above this area could push the price higher. The following main resistance is at $0.5250, and any additional gains might direct the price towards $0.5500. On the other hand, if XRP fails to overcome the $0.4800 resistance area, it could start recording more declines. The initial support on the downside is at $0.4685, and the next significant support is at $0.4620. If there is a downward break and close below $0.4620, the price might gain bearish momentum. In this case, the price could trade even below the $0.450 support in the near future. Recommendation... Sell or Buy? Based on the data and XRP price movements and current resistance and support levels, the market seems headed towards more short-term selling pressure for several reasons. One is that XRP faces solid resistance at $0.4800, and its repeated failure to exceed this level indicates weak upward momentum. Another reason is that XRP trading below the 100-hour moving average suggests a short-term downward trend. Therefore, if XRP fails to break the resistance level and starts to decline, this might increase the selling pressure, making selling a reasonable option to reduce losses or avoid larger drops. However, it's beneficial to monitor the market for some time to see if XRP can break the resistance and confirm an upward trend before making a decision. Remember, managing risks and setting acceptable loss limits is crucial in cryptocurrency trading due to its high volatility.
BITSTAMP:XRPUSD
by bbitar
Ripple XRP price. Global view of the chart on weekly timeframe😱If you believe in fairy tales that CRYPTOCAP:XRP can be worth $10 , then please prepare your psyche for the reality that #XRPUSDT has every chance of dropping to $0.20 Now, after a cold shower, let's take a look at the chart. According to the wave analysis, there is no final answer yet: has the bottom of wave -2- already been reached or is it still ahead? 👉 If the #XRPUSD price can't be pushed below $0.40-0.45 in the coming weeks, then there will be a ray of hope that the "bottom has already been there". This will mean that the price may eventually start to grow by blue scenario. 👉 If no one "holds" the price of #Ripple, then "hello" $0.20-0.21. If you buy XRP there, you will be officially initiated into the sect of "$10=XRP witnesses" founded by desperadoes people in 2017. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
XRP/USD - Bullish Opportunity AheadKey Support Area and Harmonic Pattern Formation: XRP/USDT is currently hovering around a crucial support zone, bolstered by the formation of an XABCD harmonic pattern. This pattern, coupled with the significant support level, suggests a potential reversal in the near term. Additionally, this area coincides with the 4-hour trendline, adding further confluence to our analysis. Entry Strategy: A prudent entry point for long positions presents itself near 0.5944, aligning with the identified support area and the harmonic pattern formation. This strategic entry aims to capitalize on the anticipated bullish momentum. Risk Management: A well-defined stop-loss order should be placed near 0.5590 to mitigate potential losses. This level serves as a critical threshold, protecting against adverse price movements and invalidation of the trade setup. Profit Targets: Upon entry, traders may consider the following profit targets: - TP-1: 0.6335 - TP-2: 0.6720 - TP-3: 0.7100 These targets are strategically chosen based on key resistance levels and Fibonacci extensions, aiming to capture potential upward price movements while optimizing risk-to-reward ratios. Conclusion: In summary, the technical analysis for XRP/USDT suggests a favorable opportunity for a bullish move, supported by the convergence of key factors including the harmonic pattern formation, significant support level, and alignment with the 4-hour trendline. By adhering to proper risk management principles and profit-taking strategies, traders can position themselves to capitalize on the anticipated uptrend. Disclaimer: This analysis is for informational purposes only and should not be construed as financial advice. Trading in the forex market carries inherent risks, and traders should conduct their research and exercise caution before making investment decisions.
BINANCE:XRPUSDLong
by MZ_FX_
#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