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XRPBEARUSD trade ideas

XRP/USD "Ripple vs US Dollar" Altcoin Market Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑💰🐱‍👤 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the XRP/USD "Ripple vs US Dollar" Altcoin market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry and short entry. 🏆💸Be wealthy and safe trade.💪🏆🎉 Entry 📈 : "The loot's within reach! Wait for the breakout, then grab your share - whether you're a Bullish thief or a Bearish bandit!" Buy entry above 2.7000 Sell Entry below 2.2000 However, I recommended to place buy stop for bullish side and sell stop for bearish side. Stop Loss 🛑: Thief SL placed at 2.4500 (swing Trade Basis) for Bullish Trade Thief SL placed at 2.5000 (swing Trade Basis) for Bearish Trade Using the 4H period, the recent / nearest low or high level. SL is based on your risk of the trade, lot size and how many multiple orders you have to take. Target 🎯: -Bullish Robbers TP 3.4000 (or) Escape Before the Target -Bearish Robbers TP 1.4300 (or) Escape Before the Target 📰🗞️Fundamental, Macro, COT, Sentimental Outlook: XRP/USD "Ripple vs US Dollar" Altcoin market is currently experiencing a Neutral trend (there is a higher chance for Bearishness)., driven by several key factors. 💎 Fundamental Analysis Ripple's fundamentals are currently weak, with a decline in adoption and usage. The company's partnerships and collaborations have not yet translated into significant price increases. 💎 Technical Analysis The technical analysis gauge displays a neutral signal, with oscillators indicating a sell signal in the shorter timeframes but a buy signal in the longer timeframes. Moving averages suggest a neutral signal. 💎 Sentimental Market Analysis The sentimental market analysis indicates a bearish trend, with the formation of a bearish divergence in XRP's price and DAA metrics. However, some traders believe that XRP is due for a rebound, with a potential target of $0.5. 💎 Macro Economics The macroeconomic analysis indicates that the cryptocurrency market is highly volatile, with Ripple's price affected by global economic trends and investor sentiment. 💎 COT Report According to the latest COT report, institutional traders are net short on XRP, with a significant increase in short positions over the past week. - Non-Commercial Traders (Speculators): 30% Long, 70% Short - Commercial Traders: 40% Long, 60% Short - Non-Reportable Traders: 20% Long, 80% Short 💎 Positioning The positioning analysis suggests that XRP is net short, with a large pin-bar indicating a short bias until price action changes. However, some traders are bullish, anticipating a breakout above the resistance level. - Institutional Traders: 20% Bullish, 50% Bearish, 30% Neutral - Banks: 15% Bullish, 55% Bearish, 30% Neutral - Hedge Funds: 25% Bullish, 45% Bearish, 30% Neutral - Corporate Traders: 10% Bullish, 60% Bearish, 30% Neutral - Retail Traders: 30% Bullish, 40% Bearish, 30% Neutral 💎 Overall Outlook Based on the analysis, the overall outlook for Ripple (XRP/USD) is bearish in the short term, with a potential decline in price due to the bearish divergence and net short positioning. However, some traders are bullish, anticipating a rebound and a potential target of $0.5. In the long term, the fundamental analysis suggests a stable market. ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions. 📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
BINANCE:XRPUSD
by Thief_Trader
2
XRPUSD- The Bottom is In.Prices have recently tumbled to a low of 1.78 leaving many traders and investors in limbo, but if you've been in the crypto-spaces for some time you would not be shocked. I recently had an idea that went pear-shaped because of the tumble in prices across the board. Fundamentally in the background there is a positive shift taking place. The FDIC ( Federal Deposit Insurance Corporation) is pushing big banks to adopt cryptocurrency and Blockchain technology and on the other hand Trumps administration is also talking positive about the crypto-space more so about companies that are founded in USA, with a possibility zero capital gain tax for individuals that invest in those companies. I am of the opinion that the bottom is in however, we technically have to complete a golden cross on the 1 hour time frame to fully turn bullish. Selling pressure has ease off, so as soon as the majority of sellers start taking their profits, the momentum will push prices higher quickly. Summary: Long/Buy Entry 1 =2.47200 or 2.41053 Entry 2 = 2.65529 Target 1 =2.77854 Target 2 = 3.03502 Follow, Boost and share my ideas. Foreign Capital 'If you Know, you Know."
BITSTAMP:XRPUSDLong
by ForeignCapital_fx
3
XRP's Rollercoaster: Institutional Moves and Market DynamicsThroughout the first part of February, XRP holders have experienced significant consolidation, prompting many retail traders to exit their positions. There are several potential reasons for this consolidation: Institutional Influence: Large institutional players, often referred to as "whales," may have influenced the market to push retail traders out, allowing them to acquire XRP at lower prices. This strategy isn't new; historically, similar tactics have been seen with fiat currencies and even physical silver. Let's not forget, the maximum supply of XRP is capped at 100 billion tokens. Ripple Labs, the company behind XRP, created this total supply in 2012. Currently, about 55 billion XRP are in circulation, with the remaining tokens held in escrow by Ripple Labs, set to be fully released by April 2027. Recently, Ripple Labs established a connection to the SWIFT (Society for Worldwide Interbank Financial Telecommunication) system, which has approximately 11,000 financial institutions connected to it. If we hypothetically distributed all XRP tokens evenly among these institutions, each would hold around 9 million XRP tokens. However, distribution isn't likely to be even, especially considering the immense combined assets of major institutions like JPMorgan Chase, Bank of America, BNY Mellon, HSBC, and BNP Paribas, which total $63 trillion. If these five institutions alone were to own all XRP, each XRP would theoretically be valued at $630. The global foreign exchange (FOREX) market has an annual trading volume of approximately $2.73 quadrillion. This staggering amount highlights the potential for XRP to facilitate vast transactions and perhaps even surpass Bitcoin in value. While Bitcoin relies heavily on investor sentiment, XRP has the infrastructure to support potentially quadrillions of dollars in transactions annually. Ripple's Stablecoins vs. USDC: Ripple has introduced several stablecoins, such as RLUSD, RLGBP, RLEUR, and RLJPY, designed to enhance the utility and liquidity of XRP. These stablecoins are pegged to major currencies and are fully regulated, backed by banks, and custodied by U.S. financial institutions. By integrating these stablecoins into the XRP ecosystem, Ripple aims to bridge traditional financial institutions with decentralized finance (DeFi) ecosystems. This dual compatibility enhances Ripple's Automated Market Makers (AMMs) and token issuance functionalities, creating a robust infrastructure for pricing Real-World Assets (RWAs) and Forex trades in USD. Additionally, Ripple's stablecoins incentivize XRP liquidity through USD-XRP trading pairs, potentially capturing yield opportunities currently monopolized by centralized exchanges. Governments around the world have expressed concerns about transactional transparency, particularly with stablecoins like USDT (Tether). Due to its lack of transparency and regulatory compliance, USDT has faced scrutiny and restrictions. In contrast, USDC (USD Coin) emphasizes regulatory compliance and transparency through regular audits, making it a more trusted and widely accepted stablecoin. Ripple's stablecoins, with their focus on transparency and compliance, are positioned to gain favor over USDT in global markets. Global Uncertainty: Governments and global corporations have also played a role in the recent consolidation, particularly due to uncertainties about the impact of tariffs implemented by President Trump on the global economy. Additionally, many are anxiously awaiting the outcome of the SEC lawsuit against Ripple Labs and the U.S. government's decisions regarding a potential crypto reserve and the direction of new SEC leadership and the newly appointed Crypto Czar. What can we expect next? Regular chart analysis suggests a short-term pullback to $1.47 by late February, which could present an excellent buying opportunity. By mid-March, we might see XRP rise to $3.84, yielding a 65% gain from today, February 7, 2025. The future of XRP is still uncertain. Will whales push XRP to rock bottom again to shake out small retail traders? Or will we see a breakthrough with the SEC lawsuit being dismissed or settled, propelling XRP beyond $3.84 towards potentially hundreds of dollars per token? The next quarter will be critical, and it promises to be an interesting time for XRP holders.
CRYPTO:XRPUSD
by MissouriTim
MY CURRENT POI FOR XRPSharing my Current POI for XRP, what are your thoughts? What do you see? Forex, Crypto and Futures Trading Risk Disclosure: The National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC), the regulatory agencies for the forex and futures markets in the United States, require that customers be informed about potential risks in trading these markets. If you do not fully understand the risks, please seek advice from an independent financial advisor before engaging in trading. Trading forex and futures on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. There is a possibility of losing some or all of your initial investment, and therefore, you should not invest money that you cannot afford to lose. Be aware of the risks associated with leveraged trading and seek professional advice if necessary. BDRipTrades Market Opinions (also applies to BDelCiel and Aligned & Wealthy LLC): Any opinions, news, research, analysis, prices, or other information contained in my content (including live streams, videos, and posts) are provided as general market commentary only and do not constitute investment advice. BDRipTrades, BDelCiel, and Aligned & Wealthy LLC will not accept liability for any loss or damage, including but not limited to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Accuracy of Information: The content I provide is subject to change at any time without notice and is intended solely for educational and informational purposes. While I strive for accuracy, I do not guarantee the completeness or reliability of any information. I am not responsible for any losses incurred due to reliance on any information shared through my platforms. Government-Required Risk Disclaimer and Disclosure Statement: CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. Performance results discussed in my content are hypothetical and subject to limitations. There are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading strategy. One of the limitations of hypothetical trading results is that they do not account for real-world financial risk. Furthermore, past performance of any trading system or strategy does not guarantee future results. General Trading Disclaimer: Trading in futures, forex, and other leveraged products involves substantial risk and is not appropriate for all investors. Do not trade with money you cannot afford to lose. I do not provide buy/sell signals, financial advice, or investment recommendations. Any decisions you make based on my content are solely your responsibility. By engaging with my content, including live streams, videos, educational materials, and any communication through my platforms, you acknowledge and accept that all trading decisions you make are at your own risk. BDRipTrades, BDelCiel, and Aligned & Wealthy LLC cannot and will not be held responsible for any trading losses you may incur.
COINBASE:XRPUSDShort
by BDripTradess
16
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's daily & hourly RSI are screaming BUY BUY BUY!The daily RSI assessment is primarily based upon the fact that the last time XRP's RSI was this low was before the election when price was only $0.49; yet the price is currently $2.34. This is not a bottom call at $2.34, there's still a strong chance the price could collapse as much as another 33%, to around $1.58 before the relief rally. However, the broader pullback the crypto market is experiencing is an obvious over-reaction by low disciplined speculators. As such, the odds of XRP rebounding back above $3 in the next 3-6 months (yielding a comfortable 28% ROI) is extremely high (around 70-80% likelihood). The hourly RSI has also diverted from price; setting a double bottom, while XRP's price has slipped to a lower low; providing a strong short-term indicator that the price trend is about to reverse (maybe not back above $3 in the short term, but high probability of returning to +$2.80/20% gain.) These rebounds are worst case scenarios, best case scenario this is a price range where your entry could easily 2-3x later in the year assuming the US confirms it will be buying up several cryptocurrencies for the newly created US Sovereign Wealth Fund/Strategic Digital Asset Reserve.
BITSTAMP:XRPUSDLong
by Jayed
Scalping & Mid-Term Analysis for XRPMarket Overview: Trend: XRP is in a clear downtrend after a major breakdown from $2.60. Key Levels: Resistance: ~$2.46 - $2.50 Support: ~$2.30 - $2.31 (weak) and $2.20 (stronger) Indicators: MACD: Bearish momentum continues, no bullish divergence yet. EMA: XRP is trading below the 50 EMA, confirming ongoing bearish pressure. Volume: Declining, indicating a lack of aggressive buyers. 🔥 Scalping Strategy: 🩸 1. Range Scalping (Short-Term Play) Why? Price is attempting to stabilize near $2.30 - $2.31, but with weak bounce potential. How? Buy near $2.30, aiming for a small scalp to $2.40 - $2.45. Sell near $2.46 - $2.50, as resistance is strong. Stop-loss below $2.28, as further downside risk exists. 🩸 2. Breakout Scalping (If Volatility Kicks In) Trigger: A breakout above $2.50 or breakdown below $2.30. Execution: If XRP breaks $2.50, scalp long targeting $2.60 - $2.65. If XRP drops below $2.30, scalp short to $2.20 - $2.15. 🩸 3. EMA Scalping Why? XRP is consistently rejecting the 50 EMA, meaning shorting resistance is effective. Execution: Short near EMA (~$2.45 - $2.50) if price fails to reclaim it. Go long only if price reclaims EMA with strong volume. 🔥 Mid-Term Trend Forecast (1-3 Weeks) Bias: Bearish → Neutral Why? Continued lower highs, signaling no recovery momentum yet. Breakdown from $2.60 - $2.50 resistance confirmed bearish dominance. If XRP fails to reclaim $2.50+, expect a retest of $2.20 - $2.15 before stabilizing. Only a strong move above $2.50 can trigger bullish recovery to $2.65 - $2.70. 🔥 News & Market Context: No major bullish catalysts, meaning XRP lacks a strong recovery trigger. Liquidity grab scenario likely, where market makers push XRP below $2.30 before reversing. Watch for Bitcoin's impact, as XRP follows BTC’s overall market direction. 🔥 Decision: Enter or Stay Out? 🩸 Short-term: Range scalping is viable, but only with caution. 🩸 Mid-term: Bearish unless XRP breaks and holds above $2.50+. 🩸 Ideal Play: Look for shorts on resistance rejection and avoid longs unless $2.50 is reclaimed. 👑 Final Verdict: XRP is still in a bearish phase. If it fails to break $2.50, expect a deeper correction to $2.20 - $2.15. 🔥
CRYPTO:XRPUSD
by FinCaesar
2
$XRP.X $XRP XRP Next Target PTs 30-34 --> 11 --> 68 What is Ripple? Ripple is a privately-held fintech company that provides a global payment solution via its patented payment network called Ripple Network (also known as RippleNet). RippleNet is a payment network that is built on top of Ripple’s consensus ledger, called XRP Ledger (also known as XRPL). Ripple funded the development of the open-source XRP Ledger. Unlike most cryptocurrencies out there that cater to peer-to-peer needs, Ripple was made to connect banks, payment providers and digital asset exchanges, enabling real-time settlement expeditions and lower transaction fees. What is the XRP Ledger? XRP Ledger (XRPL) is the open-source distributed ledger that is created by Ripple. The native cryptocurrency of the XRP Ledger is XRP. Compared to Bitcoin (BTC) which uses a distributed blockchain whose transactions are processed and secured by proof-of-work mining, XRP transactions are processed by a network of trusted validators on the XRP Ledger Ripple transactions are publicly recorded on its open-source distributed consensus ledger which has a similar data structure to a blockchain where the successive data block includes the hash of the previous block. However, its consensus mechanism is different from Bitcoin or Ethereum. It does not rely on Proof of Work (PoW) and therefore there is no mining involved with XRP. XRP instead relies on a consensus algorithm known as the Ripple Protocol Consensus Algorithm. The XRPL’s integrity is maintained by a group of trusted nodes. All transactions must be agreed by a supermajority of these trusted nodes for it to achieve consensus and be included in the XRP Ledger.
CRYPTO:XRPUSDLong
by BADQOMOCAWGOWLD
9
XRP/USD Analysis – Bullish Elliott Wave 5 Expansion🚀 XRP/USD – Bullish Elliott Wave 5 Expansion 🚀 📈 Weekly Chart Analysis | Elliott Wave + Fibonacci + MACD + RSI XRP is currently in a Wave 4 corrective phase, setting up for a Wave 5 expansion. If XRP maintains key support levels and breaks above resistance, we could see a strong bullish move toward $10.45 and beyond. 📊 Elliott Wave & Fibonacci Analysis XRP's Elliott Wave structure suggests that Wave 5 is yet to unfold. Based on Fibonacci extensions, the next bullish price targets are: ✅ Fib 0.382 (~$4.60 USD) – Initial target, a breakout here confirms strong bullish momentum. ✅ Fib 0.618 (~$8.75 USD) – Mid-term bullish target, aligning with previous resistance zones. ✅ Fib 1.236 (~$10.45 USD) – Key breakout level for an extended Wave 5 rally. ✅ Fib 1.618 (~$14.99 USD) – Ultimate Wave 5 expansion if bullish momentum continues. ✅ Fib 1.618 Extended (~$31.56 USD) – Parabolic target if XRP enters a strong breakout cycle. 🔹 Key Support Levels 🟢 $2.03 USD (Fib 0.236) – Support 🟢 $1.47 USD (Fib 0.382) – Deeper retracement support. 🟢 $1.14USD (Fib 0.5) – Must hold for the bullish structure to remain valid. 🔹 Key Resistance Levels 🚀 $3.99 USD – Crucial breakout zone. 🚀 $5.05 USD – First major Wave 5 target. 🚀 $8.75 USD – Strong resistance and Fib 0.618 level. 🚀 $10.45 USD – Breakout confirmation of Wave 5 expansion. 📉 MACD & RSI Confirmation 📊 MACD Analysis: ✅ Bullish Crossover – MACD lines show a strong momentum shift. ✅ Increasing Histogram – Indicates rising bullish pressure. ⚡ RSI Strengthening: ✅ Currently ~77 RSI – Entering strong bullish territory. ✅ Above 60 RSI – Momentum shift confirmed, but a short-term pullback is possible before further gains. 📊 Volume Analysis & Market Structure 📌 Current Volume: 🔹 Volume is increasing, confirming strong buyer interest. 🔹 A spike in buy volume above $3.99 USD will confirm a breakout toward $5.05 USD. 🚦 Market Structure Confirmation: ✅ Higher lows forming – Bullish structure intact. ✅ Breakout above $3.99 USD + volume spike = Strong Wave 5 rally potential. ✅ Bullish Trade Plan 🔹 Entry Trigger: Breakout above $3.99 USD with volume confirmation. 🎯 Take Profit 1: $5.05 USD (Fib 0.382) 🚀 Take Profit 2: $8.75 USD (Fib 0.618) 🌕 Take Profit 3: $14.99 USD (Fib 1.618) 🛑 Stop-Loss: Below $1.14USD (Fib 0.5) 💡 Conclusion & Market Sentiment 🔹 XRP is approaching a key resistance zone at $3.99 USD. 🔹 A break and close above this level with strong volume will signal the start of Wave 5, potentially targeting $8.75 USD and beyond. 📢 Market sentiment remains strongly bullish. ✅ If XRP holds above $1.14 USD, the bullish wave structure remains intact. ✅ MACD & RSI confirm strong momentum, but volume confirmation is needed. ✅ Watch for a volume breakout above $3.99 USD before entering a trade. 📢 What’s your XRP price target? Comment below! 🔥 📈 Like & Follow for More Crypto Analysis! 🚀
CRYPTO:XRPUSDLong
by WaveFibs
1
XRP going to the $2.20s??- A 4-hour SIBI FVG has been established between $2.59–$2.56, which could be a strong resistance to keep prices from climbing. There is also a 1-hour SIBI within that area which gives me more of an indication for resistance. - If the $2.20s range is to be reached, the first price point to monitor would be $2.4873. If price does not hold and falls below, that liquidity is taken. We will retrace slightly up and then look for the next price, which is $2.4695. - If there is no support at that price point, the next price of interest will be at $2.4194. At this point, if the liquidity is swept, due to the liquidity void below, $2.28 is very possible. - Going back to the last big liquidity sweep which was yesterday, price dropped about 2%. A sweep at $2.41 could have a similar effect. Although to reach my estimated price, it would need to be about a 3% drop. - Over-Projecting: The chart gives me a decent probability of reaching $2.28, but even if it does, I think I will be holding on buying. My true target is the sub-$2.20s and maybe the low $2.00s range. However, we may never see that price again. - What are you seeing?
COINBASE:XRPUSD
by Anon-Ron117