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XRPUSD Perpetual ContractXRPUSD Perpetual ContractXRPUSD Perpetual Contract

XRPUSD Perpetual Contract

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XRPUSD.P trade ideas

🔥 BIG MOVE SOON FOR XRP AND BITCOIN! IMPORTANT 🔥🔥 Hi hope everyone's doing well, wanted to come by and give a quick follow up and post before I have to head back to work but wishing the best as always and thanks for coming by as always! 🔥 This idea won't be too long but it'll be important so give it a quick read and check out some of the charts below! To cut to the chase, we can see XRP just about finally exiting out of this descending channel that it's been in since last year when we take a look at the 4 hour chart attached below: 🔥 Anyway we've got that as well as the combination of our 200 EMA being within arms reach so to say. If bulls can manage to regain that 200 EMA on the 4 hour chart then I can't emphasize just how much of a positive indicator that would be for us. We can clearly see how we had that flash drop at the start of the year and how losing that 200 EMA contributed so much to us falling, especially once we failed to regain it on the second attempt back in January. 🔥 With that all said and done next big picture we wanted to check on is Bitcoin. Bitcoin's at the same level at which we once stood back in January. This is undoubtedly gonna be a pretty big pivot point depending on whether or not we can break this resistance level by which we'll have a good shot at possibly forming/hitting new high's or at least hitting that $50,000 mark soon enough. 🔥 What that being said we can always have the opposite scenario and end up falling back down below our $47,000 level should that happen we could experience a similar flash sell to that in January following the ETF news though I wouldn't expect things to be as dramatic but then again, you can never be certain in this market, but past price action alone we're certain this level is going to likely make or break things for traders. Below is a bigger highlight of the big consolidation channel for Bitcoin that should be noted. 🔥 With the bigger picture here and a look at our big consolidation channel we can identify the points between $41,500-$43,000 to be this sort of horizontal consolidation channel for Bitcoin. Would definitely recommend adding to your own charts in case we come back to that point which is always a possibility. Traders are looking for a make or break indicator and hopefully we can avoid the latter. 🔥 With that all being said and I done I said this idea wouldn't be long and I keep to my word, just wanted to give a big picture view and quick analysis of both charts considering the fact that the market will likely stick close to Bitcoin and follow, the correlation grows apart sometimes but overall using Bitcoin as a lead indicator, confirmation can help us out over here too. That's it for today anyway, thanks for coming by as always and wishing the best as always till next. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
"Ripple Faces Crucial Resistance, Potential Breakout Looms"Ripple (XRP) Navigates Pennant Formation: Critical Juncture Signals Potential Breakout Ripple's XRP, a cryptocurrency known for its unique utility in cross-border payments, is currently at a pivotal moment in its price action. On the shorter time frame, XRP is exhibiting a compression pattern resembling a pennant formation, suggesting an imminent breakout. However, the rejection off the downward resistance within this pattern is signaling caution among traders. A pennant formation is a technical chart pattern characterized by converging trend lines, forming a triangular shape resembling a pennant. Typically, this pattern occurs after a strong price movement and indicates a period of consolidation before a potential continuation of the prior trend. At present, XRP is witnessing a compression within this pennant formation, with price action oscillating between the converging trend lines. The rejection off the downward resistance line is a crucial development to note, as it indicates selling pressure at higher levels. For traders and investors, this is a key point in time to closely monitor the XRP chart. The rejection off the downward resistance suggests that XRP may be poised for a breakout to the downside. If this scenario unfolds, the coin could potentially test the 31 cents support level once again. A breakdown below the bottom trend line of the pennant could result in a significant decline, possibly leading to a 30 percent loss from current levels. Such a move would warrant careful risk management and could trigger further selling pressure among investors. However, it's important to consider the alternative scenario. If XRP manages to hold the lower boundary of the pennant and subsequently breaks above the red expanding range resistance, it could signal a bullish breakout. In this case, traders may look to play the breakout, anticipating a continuation of the prior uptrend. As always, trading cryptocurrencies involves inherent risks, and it's essential for traders to conduct thorough analysis and implement appropriate risk management strategies. While the pennant formation presents a potential opportunity for traders, it also carries the risk of a downside breakout. Therefore, exercising caution and closely monitoring price action is paramount in navigating these uncertain market conditions.
BITSTAMP:XRPUSD
by UnknownUnicorn2319099
2
XRP - 20.000% RallyHello Traders, welcome to today's analysis of XRP. -------- Explanation of my video analysis: After XRP has been trading in a triangle formation for over four years, we saw an expected breakout in 2017 followed by a rally of +25.000%. Exactly five years ago XRP then started forming a similar triangle (continuation) pattern and if we see a breakout towards the upside and a break above the resistance mentioned in the analysis, we could maybe see a similar rally. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
BITSTAMP:XRPUSD
by basictradingtv
8
Is there a long road ahead for XRP? Or are we about to breakout?If we look back in time to 2018 and see the first spike from the XRP price chart and draw from that ATH to the retracing and sell-off, we see some interesting correlation between the FIB extensions and the Wyckoff patterns used in the triangle pattern I've overlaid on this chart. If we see the same grind and pressure, we could see some relief in price action that trends in the shaded area of the triangle pattern, but I think we are in for a long grind down and one that will really test even the unshakable hands. And may lead us into the remainder of this year and into next for any pricing eruptions. If I am wrong, then we will look to any buying pressure to break the prices out of the triangle's shade and into higher pricing.
BITSTAMP:XRPUSDLong
by cnote56
XRP Scam coin going to 0.01Im posting this as my prediction for the scam coin XRP. XRP has failed its two recent golden crosses on the WEEKLY chart, and COULDNT move up even with BTC PUMPING hard. A death cross is on the way on the weekly and will hit right around the trent line. When this happens XRP will calapse to 0.06 and below. All the red flags are their, XRP fails to pump anytime btc pumps. It dumps when BTC dumps and everything points to a big drop. This post is to look back a year from now and see how it played it.
BITSTAMP:XRPUSDShort
by buster84
131
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
XRP To the moon or to doom?!Xrp is going to have to make a choice on where it wants to go. 1. Overall trend is down ( trend is your friend) 2. Option 1 is we go straight down and hit the bottom of a demand zone 3. Not to mention the head and shoulders too. A lot of bearish confluences 4. We have bullsih divergence on the daily and 4 hour at the bottom of a bearish bat ending on the .50 cents mark which is huge. this could break either way. an engulfing candle or close, break and retest would be something to watch for
BITSTAMP:XRPUSD
by OnenessTrader
3
The last wave of the triangle! Big move on the upsideDear Friends, I hope this message finds you well and that you're having a great start to the week. I wish you success in your business endeavors. As someone interested in the Elliott Wave principle, I find it a valuable tool for analyzing the market. I have developed my approach by combining this principle with my personal experience and by considering various scenarios that are likely to occur in the market. I am sharing my analysis with you, but please note that I am not providing any buy or sell signals. I aim to share my unbiased analysis with you so that you can use it as a guide to make informed decisions. The first analysis is Litecoin In the attachment, you will find my previous analysis of the same market, so you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand (although having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily). I have been studying the Elliott Wave principle for almost three years now. With time, my understanding of this knowledge and experience has increased. What I have achieved so far is a legacy of a genius named Ralph Nelson Elliott, and I am truly satisfied with my progress. May his soul rest in peace and his memory be cherished. Thank you for your support so far. I am grateful and will always remember your kindness. Please feel free to share your thoughts and feedback with me. I hope my analysis will be useful to you in your business journey, and I wish you all the best. Sincerely,
BITSTAMP:XRPUSDLong
by mehdi47abbasi79
2
Ripple's Precarious Stance Below $0.50: A Dip Worth Buying?Correction Phase: XRP's price is caught in a significant correction, challenging its stance above the crucial $0.50 support amidst a formidable resistance trendline. Death Cross Alarm: A looming death cross between the 200 and 50-day EMAs signals potential trouble, underscoring a bearish outlook for Ripple. Reversal Hopes: Despite the downward pressure, a forming double bottom at $0.50 hints at potential bullish resilience, offering a gleam of hope for recovery. Legal Shadows: Ripple's ongoing SEC saga, involving the submission of financial records, adds a layer of uncertainty, potentially impacting XRP's market sentiment. Downfall Intensifies: Recent weeks have seen XRP's value erode, now teetering on the edge of losing its grip on the $0.50 benchmark, as bearish crossovers dominate. Market Sentiments: The broader market's recovery fails to invigorate Ripple, indicating a worrying momentum deficit for XRP. Technical Standpoint: The current price action underscores a critical juncture, with the $0.50 level serving as a battleground for bulls and bears. Bullish Counter: A potential morning star pattern at $0.50 could pivot XRP's trajectory towards recovery, making it a crucial watchpoint for investors. Indicator Insights: The RSI divergence suggests a potential reversal, bolstering the case for a bullish rebound from the oversold conditions. Investor Caution: While the double-bottom formation offers a speculative entry point, the market's precarious state advises a cautious approach.
BITSTAMP:XRPUSD
by Coinpedia-Market-Insight
XRP/USD: Another Harmonic AB=CD Poised to Offer ResistanceFollowing last week’s week-ahead post on the price of ripple versus the US dollar, the H4 harmonic ‘alternate’ AB=CD bearish formation at $0.53316, depicted through a 1.272% Fibonacci projection ratio (plus the moderate Fibonacci cluster, backed by 38.2% and 61.8% Fibonacci retracement ratios), served well as resistance and sent price to a fresh YTD trough of $0.48557 in recent trading (its lowest level since October 2023). H4 Resistance in View Going forward, you may acknowledge that following the YTD low, a moderate pullback has graced the H4 chart and is poised to deliver two equivalent AB=CD bearish patterns (circa $0.51910) south of resistance at $0.52117. Weekly Support Echoing Feeble Vibe The weekly chart supports a sell-on-rally scenario from the noted H4 resistance structure this week. The weekly timeframe shows that the Relative Strength Index (RSI) travelled south of its 50.00 centreline (average losses exceeding average gains: negative momentum), and the recent breach of the 46.12 low formed on 9 October 2023 suggests further downside is possible. Couple this with last week’s price action making its way south of moderate trendline support taken from the low of $0.30000, bears may remain at the wheel this week, at least until a test of the price lows around $0.42700 (oval).
BITSTAMP:XRPUSDShort
by FPMarkets
XRP TO STAY BORING UNTIL 2027!?According to the timing of the previous cycle that XRP experienced until it popped out in 2017, we can see that it is now entering the most boring and depressed period of its cycle. The blue chart is from Bitstamp chart from XRPs first trading day until the 2017 bullrun. If we compare it to price action of last few years we can see a lot of similarities, the lower highs forming and looks like we will probably not see any significant price action in next coming at least 2 years. Its just a waiting period, HODL strong!
BINANCE:XRPUSD
by Alesfc
3