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XRPUSD Perpetual ContractXRPUSD Perpetual ContractXRPUSD Perpetual Contract

XRPUSD Perpetual Contract

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XRPUSD.P trade ideas

XRP vs godl & T10Y2Y yield curveDo these look like correlations? 1. XRPUSD vs XAUUSD, 1W (top chart). - gold and XRP flat prior 2019 notwithstanding XRP's 2017 bull run spike. - gold increases 2019, moves flat 2020-2020 while XRP rises during last bull run. - separation occurs late 2022 with gold increasing since. Will XRP catch up? 2. XRPUSD vs T10Y2Y US treasury yield curve, 1W (bottom chart). - long term decline in curve to about Aug 2020 then increases to match XRP's price at top of last bull run. - curve then declines and inverts matching XRP's drop and flat movement since last bull run. - curve un-inverting and XRP recently increasing? If rates are cut, are we going to see the curve un-invert, gold pump, and XRP spike above its ATH?
CRYPTO:XRPUSDLong
by MichaelM00
1
XRP TA as of 7/18/2024Here is a technical analysis of the XRP/USD (Ripple to US Dollar) daily chart as shown in the screenshot: Current Price and Market Conditions: Current Price: $0.56588, down by $0.05954 (-9.52%) for the day. Day's Range: $0.55771 - $0.63674. 52-Week Range: $0.38249 - $0.79844. Volume: 17.34M, with an average 30-day volume of 9.58M. Market Capitalization: $31.64B. Key Support and Resistance Levels: Support: Immediate Support: Around $0.557 (today’s low). Major Support: Around $0.42220 (marked on the chart as a purple line, indicating a significant historical support level). Resistance: Immediate Resistance: Around $0.636 (today’s high). Major Resistance: Around $0.70 (not shown but inferred from previous peaks in April and May). Trend Analysis: Short-Term Trend: Recently, there has been a sharp increase in price, moving from around $0.44 to $0.63 within a few days, indicating a strong bullish move. The current pullback might be a correction after a rapid rise. Medium-Term Trend: The price has been in a downtrend since April, with lower highs and lower lows until this recent spike. Long-Term Trend: The long-term trend still shows a bearish pattern, with the price declining from the high of $0.79844 within the past year. Volume: Increased volume today indicates strong trading activity, likely contributing to the volatility. Performance: 1M Performance: +12.13% 3M Performance: +12.64% 6M Performance: +4.12% YTD Performance: -8.00% 1Y Performance: -27.21% Technical Sentiment: The sentiment gauge at the bottom suggests a neutral to slightly bullish outlook in the short term. Observations Recent Rally: The recent rally might have been fueled by positive news or market sentiment, but the sharp decline today indicates profit-taking or a market correction. Key Levels to Watch: Support around $0.557 needs to hold to prevent further decline. Resistance around $0.636 needs to be broken for the uptrend to continue. Price Action: Candlestick patterns show significant bullish activity recently, followed by a bearish engulfing pattern today, which might indicate a potential reversal or consolidation. Conclusion: Bullish Outlook: If the price can hold above the $0.557 support and break above the $0.636 resistance, it could indicate a continuation of the bullish trend. Bearish Risks: If the price falls below the $0.557 support, the next major support is around $0.42220, which could be a potential target for further declines. Neutral Sentiment: Given the mixed performance metrics and the current market correction, a neutral to cautious trading approach is advisable. Monitoring volume and key support/resistance levels will be crucial for making informed decisions.
BITSTAMP:XRPUSDLong
by rogers1906
XRP - Getting closer to a breakout! Dumb Money will deny!Remember – when “Dumb Money” bashes on Crypto due to Emotions, that’s probably an indication that we are nearing bottom! Check out the “Dumb Money” comments from this chart below. People were calling BTC trash and calling for another crash when we were at 17k. This shows the true “Capitulation Phase” of the cycle. Sad that they missed out. When we hear “Bullish News event” on social media, or the television/radio, that’s probably the time to start de-risking. We do not want to be the 95% who gets rekt like in 2018 and 2021. We are here to make a profit, not be “Diamond Hands.” Whales/elites will not miss any opportunities to make money. They simply buy the fear, hype up the market, take profit and crash it again after taking profit. Instead of beating then, lets ride with them! ;) Majority got Rekt last year due to listening to the "Bullish" Narratives the media and Social Media Influencers were portraying last year! Stop listening to them and start paying attention to the technicals. Before reading, get rid of your moonboy mentality and no emotions for dips/corrections! Cannot rule bearish scenarios! Dips are for buying!! People are so focused on the hourly/daily timeframe that they get emotional on every dip! Take a step back to the weekly/monthly timeframe and see why I'm so bullish now. Stop looking at the short-term dips/rise. Short term is irrelevant for the move that is coming! You can't be emotional in these markets (stocks, forex, crypto, real estate, etc.). You will lose this game following the news and doing what the majority does. News creates emotions. Everything you need to know is on the charts. News is manipulated by the elites, and they take advantage of our emotions. Stop listening to the news and pay more attention to the charts. Don't follow the majority, because the majority will lose in the end! Also, don't buy the hype when everyone is buying... instead buy the fear when everyone else is selling. Everything is on the chart! Cryptocurrencies are on the verge of exploding higher. Dips/Corrections are normal and needed in a bull market and are buying opportunities! Huge gains opportunity in the coming months! Never trade blindly. Use multiple indicators to make calculated decisions. Trade with no emotions! "If you can't beat the fear, do it scared!" "Be fearful when others are greedy, and greedy when others are fearful!" - Warren Buffet. "Markets are a device for transferring money from the impatient to the patient. - Warren Buffet "Show me the charts, and I'll tell you the news." - Bernard Baruch "The secret to investing/trading is figuring out how rich you want to be and how poor you're willing to become." "If you want to live like the 5% of the population who are hugely successful, then don't act like the 95%!"
CRYPTO:XRPUSD
by jaydee_757
12
XRP hits target of green symmetrical triangle breakout.Target hit!nHopefully now that this target has been hit xrp will still hold support on all the MAs it rose above to hit this target including the weekly 20ma not shown here since this is the 1 day time frame. Nice to see price action send a wick above the top yellow trendline. Once it starts to close a few consecutive daily candles above the top yellow trendline and perhaps 1 to 2 consecutive weekly candles above it then it should really be go time. May take a second to flip it to support though after such a big pump. *not financial advice*
BITSTAMP:XRPUSD
by DrDovetail
XRP hits target of green symmetrical triangle breakout.Target hit!nHopefully now that this target has been hit xrp will still hold support on all the MAs it rose above to hit this target including the weekly 20ma not shown here since this is the 1 day time frame. Nice to see price action send a wick above the top yellow trendline. Once it starts to close a few consecutive daily candles above the top yellow trendline and perhaps 1 to 2 consecutive weekly candles above it then it should really be go time. May take a second to flip it to support though after such a big pump. *not financial advice*
BITSTAMP:XRPUSD
by DrDovetail
Every time we tapped resistance here we went down 40-50%Crucial moment here, every time we hit this level in time it went down 50 procent. I think this is gonna be a make or break moment. we either are gone fly from here i mean like really fly like back in 2018. if this is not the case i think that last 38 cents level is not gonna hold we are going much further then. One good sign i see is that xrp/btc chart has crossed over bullish on the daily. the last time this happened was exactly one year ago! I wish you all good luck and let me know what you think will happen!
BITSTAMP:XRPUSD
by Mitchel_L
XRP IS ALIVE AND SO AM I! ✨ Before I start I just want to give thanks to anyone who's here, I really appreciate it and it means a lot to have you guys here. The past few weeks for me have been a lot to say in the least, been dealing with a lot and I haven't had the opportunity or chance to post thanks to all that unfortunately. ✨ That being said, we're back at it, and I'm hoping I can get back to normal with things, still dealing with a lot of course but I owe it to you guys to get back to being active, even with everything going on so thanks all the more for being here. ✨ It's been a rough month for the market in general, especially crypto as interest rates and inflation have battered us. On top of that we saw Bitcoin fall in a dramatic move which prompted the fall of other crypto's and the market overall before rallying this week back above that $65,000 mark in a sign of resilience however here's where we'll have another challenge. Bitcoin's going to have to keep above $62,000 at the very least to keep bullish and it'll have to break $66,000 in order for traders to be able to target and look to new and all time highs. ✨ Now Bitcoin isn't XRP of course but we are well aware by now that Bitcoin's price can be a lead indicator, a strong indicator at the very least for crypto as it usually drags the market with it thus another reason for why we've seen this dramatic rally in XRP this week as XRP alongside the majority of the market followed Bitcoin up. So now the markets holding it's breath waiting to see what Bitcoin does. ✨ As for another catalyst to this XRP breakout I've added a quick chart below highlighting the intersection and where that breakout started, we can see how we exited the blue wedge and regained the 200 EMA which allowed for us to get this golden cross and that's helped XRP rally. ✨ Next to look to is our ascending channel on the 45 minute chart displayed below which makes it clear that we've got this ascending channel that's helped to further boost XRP's price and rally. I see us getting a big retracement and falling if we end up slipping out and below the ascending channel as we don't have any support points to look to on the local time frame aside from our horizontal levels by which we'd take 0.515 as one support level and presumptively the levels below should also act as supports unless broken. ✨ I'll leave the idea here so we don't make it too long but yeah, keep an eye out for what'll likely be a retracement or some sort of reversal after such a rally. As much as we love seeing prices move up we always have to consider the alternative and be aware that sometimes the market's going to want to relax and cool off a bit, especially after a rally. And if we do end up losing that ascending channel then please look to that 200 EMA for a bearish, bullish confirmation. ✨ I have to go right now but I wanted to get something quick out for you guys, again apologies for the delay, it's just been a rough few weeks but I'll be back and active with it so thanks for the support, especially to those that have been with me for so long, thank you my friends. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
3