XRPBTC trade ideas
XRP Finally set up May need some more time. However once horizontal line breaks, moon is certain. XRP and Dogecoin are comparable in supply, except half of XRP supply is locked, and at least 20-30% of the total supply has been accumulated, meaning float for XRP is in the 30-32 billion range. The case for a big pump can be made b/c of the way supply is distributed. Also if you think about, this coins sole purpose in life is to be pumped. And who knows maybe it'll become "the standard". Old USD aths and new USD aths are coming, BTC bull raises all coins.
Total Doge supply: 125,367,046,142 DOGE
Total Doge circulating supply: 125,367,046,142 DOGE
Around 100 billion DOGE are dormant. Making it's float around 20-25 billion.
Total XRP supply: 99,990,932,726 XRP
Total XRP circulating supply: 44,257,803,618 XRP
No real way to confirm dormant XRP however it's safe to assume roughly 30% of the circulating supply has been accumulated making it's float around 30-32 billion perhaps lower in the 10-20 billion range if more than average accumulation has taken place.
XRP - Breakout on the daily timeframeDear my friends,
Recently, I've been hearing a lot about Ethereum ETFs. Everyone is anticipating a breakthrough price increase similar to the Bitcoin ETF. In my personal opinion, this event is not a significant enough catalyst for market growth. There may be some capital inflow, but it won't be as substantial as we might think. Personally, I believe that news to trigger growth might come from LTC or XRP or some other old large-cap coins. Particularly, when observing the daily timeframe of the XRPBTC pair, I am more hopeful about this. Observing the price action, a breakout has been confirmed. The price has moved away from the long-term downtrend line. Looking more closely, the RSI indicator has confirmed this since early May 2024. If we look at the Ichimoku cloud, it has become very thin and a green cloud has appeared ahead. Regarding the price of Bitcoin, I still hold the view that a necessary correction is needed. However, this will not affect the price increase of XRP. So what I will do now is start DCA (Dollar-Cost Averaging) for XRP. The short-term target is the 1u price range. The medium-term target is 1.55u-2.3u. The highest level I expect for this season is 3.3-5.5u. I will only enter on SPOT and this is just my personal opinion, not any financial advice.
Best Regards,
XRP/BTC Main trend. Channel. Turning zones 03/15/2024Logarithm. Completion time 1 month. Horizontal channel and reversal (reaction) zones for work. For clarity, I showed percentages of key support/resistance levels.
The line graph is now at 03/2024.
The queue for pumping cryptocurrencies by liquidity and “crowd involvement”.
Remember this is a pair to Bitcoin. As a rule, the market brand, that is, BTC, is the first to move in a trend. After some time, when the crowd “stops being afraid”, along with the growth of BTC, low liquidity altcoins begin to pump, then medium liquidity and ETH. And only then, with Bitcoin consolidation or a local rollback, does a significant increase in XRP prices begin.
By understanding the sequence and time when “big capital” transfers money from one liquid trading instrument to another and back according to a developing trend, you can double your profits.
Trading pair XRP/USD.
Similar to the main trend towards clarity. Published 07/2022 but now more relevant than ever in the near future before the huge triangle breaks out.
XRP/USD Main trend
The same key zone. Publication 07 2022.
XRP/USD Main trend (part) Triangle
Since 1 year and 8 months have passed since publication, it is worth going to ideas 1 and 2 for USD and clicking “play” on the chart to understand where the price has come.
Let me remind you again. Understanding the current values of BTC/USD and the XRP/BTC pair can help you understand when the key price movement in the XRP/USD pair will occur and what its local potential (relative to the trend) is, as well as what manipulations may occur. What to expect in the medium and maximum term from this hype trading tool.
XRP/BTC - Bullish XRP/BTC 1W Analysis:
XRP is testing the trendline post-breakout, signalling a possible shift!
RSI climbing up from the oversold area, and we're seeing a bullish MACD crossover below zero. Volume is on the rise, too, which indicates increased interest in XRP.
All these signs indicate a potential bullish momentum, suggesting XRP might strengthen against Bitcoin in the near term.
XRP/BTC - XRP: Super Trend◳◱ On the $XRP/ CRYPTOCAP:BTC chart, the Super Trend pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 0.00000886 | 0.00001007 | 0.00001225 and support near 0.00000668 | 0.00000571 | 0.00000353. Entering trades at 0.00000784 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: XRP
▣ Rank: 8
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc, Kraken
▣ Category/Sector: Payments - Currencies
▣ Overview: XRP is a cryptocurrency aiming to increase the speed and reduce the cost of transferring money between financial institutions. Underpinning Ripple's xRapid product, an on-demand liquidity solution, XRP is used as a bridge currency for financial institutions exchanging value between multiple fiat currencies. XRP is the native token of the XRP Ledger, an open-source cryptographic ledger powered by a peer-to-peer network of nodes.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00000784 ₿
▣ 24HVol: 275.993 ₿
▣ 24H Chng: -0.508%
▣ 7-Days Chng: -8.86%
▣ 1-Month Chng: -18.36%
▣ 3-Months Chng: -9.85%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.00000886 | 0.00001007 | 0.00001225
◢ Support: 0.00000668 | 0.00000571 | 0.00000353
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_SELL
◰◲ Technical Indicators Summary : SELL
◲◰ Sharpe Ratios :
▣ Last 30D: -3.64
▣ Last 90D: -0.28
▣ Last 1-Y: 0.26
▣ Last 3-Y: 0.10
◲◰ Volatility :
▣ Last 30D: 0.77
▣ Last 90D: 0.74
▣ Last 1-Y: 0.94
▣ Last 3-Y: 0.99
◳◰ Market Sentiment Index :
▣ News sentiment score is 0.94 - V. Bullish
▣ Twitter sentiment score is 0.53 - Bullish
▣ Reddit sentiment score is 0.37 - Bearish
▣ In-depth XRPBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
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