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XRP trade ideas

Breakout Imminent: XRP Supported by 2018 Market Cap ATHXRP got swiftly rejected from the 1.272 Fibonacci extension ($161.46b) on Monday but found immediate support at it's 2018 market cap ATH of $128b. On the hourly, it is currently in a downward wedge having been rejected for a breakout 3x times, but supported 4x times by the ATH. It should breakout no later than Sunday, though a current resistance retest looks promising for an imminent breakout back up to try the 1.272 Fib extension once again at $161.46b. An XRPUSD retest of the $2.9 is likely. Failure to break this could see us pushed down to the 2018 market cap ATH to re-test confidence in the support level or further below to the 0.786 retrace at $100B / $1.75 on the XRPUSD which is also the 0.5 retrace level Longs at the $2.22 are a good call, with tight stop losses set to $2.15 incase support crumbles.
CRYPTOCAP:XRPLong
by TheDragonflyDoji_
3
XRP Market Cap With 2017 FractalStriking similarities between early 2017 price action on XRP market cap and our present situation. I've overlayed the fracal from early 2017 and scaled it to fit our top of $2.92. If we follow the same pattern our bottom will be around $1.68. Back in 2017 we consolidated for about month before we broke out from that local top. From there it took rougly another 15 days to reach the ultimate top. The scaled fractal points exactly to a 5.236 fibonacci extension. By today's supply that would amount to $8.50 per XRP. Keep in mind I didn't take into account that there is XRP released from ESCROW every month and the supply is therefore increasing. Currently 57B in circulation and the maximum supply ever will be 100B. In conclusion, the longer it takes, the more likely it is that these price targets have to be adjusted (lowered). Will we follow this fractal? Let's see how it plays out!
CRYPTOCAP:XRP
by butwhowasmoon
THOUGHTS ON THE FUTURE OF XRPXRP 15M - This is how XRP has been playing out over the course of the next few days, I feel we will see a big push up today but before that we may see price trade down and into the Demand Zone below. Clearing any orders before the hike up, I have actually gone ahead and purchased more coins throughout this consolidating phase as I do believe price will take its next move higher especially with fundamental news due out today during the NY open. After doing endless hours of research I feel this coin has some really big prospects and I think we could see it take off given everything fundamentally goes to plan. We have the launch of Ripples RLUSD stable coin today, some people see this as a negative for the XRP but I feel this could offer strength in the token as it gives it more purpose and builds reliability, time will tell... Current Price £2.06
CRYPTOCAP:XRPLong
by Lukegforex
XRP TriangleI'm not much of a speculator anymore, but if I were to speculate on what may be the biggest return in crypto outside of BTC and some random meme coins that pump crazy amounts, I would choose XRP. I have reasons, but it's just speculation and not that important. For the chart, pretty neutral IMO. Big time triangle is forming though so we should get a better sense of direction after it chooses which way to break. This should track fairly closely with BTC, but I think the upside potential is quite substantial and may be better than buying BTC up around ATH.
CRYPTOCAP:XRP
by AdvancedPlays
2
Analyzing XRP's Surge: Will the Momentum Continue or Fizzle Out? XRP, the native cryptocurrency of the Ripple network, has recently experienced a significant price surge, reaching its highest level in over 43 months. This impressive rally has caught the attention of both retail and institutional investors, prompting questions about its sustainability and future trajectory. The Drivers Behind XRP's Rally Several factors have contributed to XRP's recent price surge: 1. Positive Legal Developments: The ongoing legal battle between Ripple Labs and the Securities and Exchange Commission (SEC) has been a major catalyst for XRP's price volatility. Positive developments in the case, such as favorable court rulings or settlements, can significantly impact XRP's price. 2. Increased Institutional Interest: Institutional investors, including hedge funds and venture capital firms, have shown increased interest in XRP, recognizing its potential as a digital asset with real-world use cases. 3. Growing Adoption of RippleNet: RippleNet, Ripple's blockchain-based payment network, has gained traction among financial institutions worldwide. As more banks and financial institutions adopt RippleNet, it could drive demand for XRP. 4. Positive Market Sentiment: The broader cryptocurrency market has experienced a period of relative stability and growth, which has benefited XRP and other altcoins. Technical Analysis: A Cautionary Tale While XRP's recent rally has been impressive, technical analysis suggests that the cryptocurrency may be due for a correction. Several technical indicators point to a potential 20% price decline in December: 1. Overbought Conditions: XRP's Relative Strength Index (RSI) has surged into overbought territory, indicating that the asset may be overvalued and due for a pullback. 2. Potential Resistance Levels: XRP may encounter significant resistance levels at certain price points, which could limit its upside potential. 3. Overleveraged Positions: The cryptocurrency market is prone to volatility, and overleveraged positions can exacerbate price swings. If a significant number of traders are heavily leveraged on XRP, a sudden price drop could trigger a cascade of liquidations, further driving the price down. Is It Time to Buy XRP? While XRP's recent rally has been impressive, investors should approach the cryptocurrency with caution. Before making any investment decisions, it is crucial to conduct thorough research and consider the following factors: 1. Risk Tolerance: Investing in cryptocurrencies, including XRP, involves significant risk. Investors should only allocate capital that they can afford to lose. 2. Diversification: Diversifying one's investment portfolio across various asset classes can help mitigate risk. 3. Long-Term Perspective: Investing in cryptocurrencies is a long-term endeavor. Short-term price fluctuations should not dictate investment decisions. Conclusion XRP's recent price surge has been fueled by a combination of factors, including positive legal developments, increased institutional interest, and growing adoption of RippleNet. However, technical analysis suggests that the cryptocurrency may be due for a correction in the near future. Investors should approach XRP with a balanced perspective, considering both the potential upside and downside risks.
CRYPTOCAP:XRP
by bryandowningqln
XRP Bull FlagKind of a weird looking bull flag, but it is a descending channel after a leg up. It could have another move up if it breaks out above, but there's potential trendline resistance above from the previous uptrend. Would be the first retest, but if it breaks that opens the gates for a lot more upside. Could work for a short too, the recent spike leaves it vulnerable for a steep correction, but I would see that as a buying opportunity. I don't trade crypto much but I'm all aboard the XRP hype train.
CRYPTOCAP:XRPLong
by AdvancedPlays
1
XRPXRP, the popular cryptocurrency, has been making waves recently, with its price soaring by more than 80%. This impressive surge pushed XRP to a three-year high of $1.265 per token. The growing excitement around XRP is largely due to strong market interest and positive regulatory developments in the U.S., which have collectively fuelled its remarkable momentum and garnered widespread attention. we currently have an entry set right now it seems ripe for the upside, we could still get stopped out a few times due to the tight stops but we will keep pushing this trade as there is huge potential on this coin for the next coming years. trade with caution as always.
CRYPTOCAP:XRPLong
by Sifiso_Ntshingila
XRP - Be ready!Dear my friends, The market is currently a sea of red, with the prices of most coins in sharp decline. Recently, I’ve been focused on Ripple’s chart. At the end of September, I observed its total market cap breaking out of a downtrend. However, the price drop caused the market cap to snap back into the triangle it had just exited. Some might say this is a false breakout, but I disagree. Since 2018, this is the first time XRP has broken out of a downtrend on the weekly close. So, this is simply a breakout followed by a retest of the support zone. We’re likely to see Ripple surge soon. Keep an eye on the resistance levels above. Hopefully, my insights will be useful to my friends. Don’t panic, and don’t get thrown off the moving train. Best Regards,
CRYPTOCAP:XRPLong
by DragonCaoB
1
#XRPUSD 1DAYXRP 1-Day Chart Forecast: The XRP cryptocurrency is displaying strong bullish momentum on the 1-day chart, suggesting a favorable buy opportunity. The market appears to be in an **uptrend**, with price action consistently forming higher highs and higher lows, indicative of sustained buying interest. Key elements supporting the buy forecast: Uptrend Continuation: XRP is likely following an ascending trendline or breaking above recent resistance levels, signaling the potential for further upside. Bullish Indicators: Momentum oscillators such as the RSI and MACD may be supporting the bullish outlook, with the RSI remaining in a favorable range and the MACD showing positive divergence or a bullish crossover. Support Levels: The price may have bounced off a key support level, confirming the strength of the uptrend and providing a good entry point for buyers. Traders looking to capitalize on the buy opportunity should consider setting stop-loss orders below recent lows to protect against unexpected pullbacks. Profit targets can be placed near key resistance levels or previous swing highs. While the uptrend is strong, it's important to watch for any signs of trend exhaustion, but the **technical outlook favors a buy strategy** for XRP on the 1-day chart.
CRYPTOCAP:XRPLong
by PIPSFIGHTER