XRPUSD.P trade ideas
Is this setup still valid? $XRPI showed this a few days ago when all the euphoria was still in the market.
If we start looking at repetition of patterns, we could easily end up repeating them.
I don't know if it will happen, but with Bitcoin still in serious doubt, it wouldn't surprise me.
Time will tell.
Be kind to the world and each other!
XRP's Tug-of-War: $2.45 in the SpotlightXRP is back to $2.45 zone, trying to confirm it as a support.
1. If the price faces rebound from $2.45 with strength it will have to deal with $2.59 (dashed green projection).
2. A breakout of $2.59 signals strong buyer activity and could pave the way for a climb toward $2.82, the last key resistance below ATH (solid green projection).
3. On the downside, failure to hold above $2.45 may indicate weakening sentiment, potentially leading to a drop toward the next important support level at $2.19 (red projection).
XRP PRICE TARGETXRP is forming a bullish flag...on track for $3.70-3.76 in 4 days then a correction will occur that will test the newly established Lower Lows.
Ripple Breakout Bullish Pennant Towards $3XRP has formed a bullish pennant pattern on the H4 timeframe, indicating the potential continuation of the bullish trend.
This bullish pennant pattern is not the first occurrence for XRP; in two previous instances, XRP displayed a similar pattern, each followed by an upward breakout. After the breakout, the price experienced a significant rally, establishing the bullish pennant as a consistent technical pattern. This strengthens expectations that XRP may continue its bullish trend if this breakout is confirmed again.
The bullish scenario targets the psychological level of $3.00 to $3.50, with a cut-loss strategy recommended if the price re-enters or breaks below the pennant area.
Fundamentally, positive sentiment is bolstered by the news that Ripple's stablecoin, RLUSD, has officially received approval from the New York Department of Financial Services (NYDFS). This approval was announced by Ripple CEO Brad Garlinghouse.
With a combination of the bullish pennant technical pattern and strong fundamental catalysts, XRP is likely to continue its rally to higher levels in the coming days. However, remain cautious of potential retracements if there are sudden changes in market sentiment or unexpected news developments.
Disclaimer:
This analysis is part of a trading plan and does not constitute trading advice. Technical analysis is probabilistic in nature and does not guarantee profitability. Always implement proper risk management in every trading decision.
Channel pattern suggests the price could soar by 25%Watch XRP, the price has been stuck in a channel since December 3rd, but now, 10 days later, it is attempting to break out and is testing the upper boundary of the channel. The RSI has already broken its trendline, suggesting momentum is turning upwards. However, these channels are not the most reliable patterns. A breach to the 2.4850 high would increase the probability of a move higher. Based on the channel's depth, a push toward 3.05 is expected, representing a 24.79% increase.
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Two Scenarios to $200Here we have 2 fractals. XRPUSD and BTCUSD in the total 2016-2017 bull rally.
I feel that in the bigger picture, im wondering can the market sustain even for a moment a $200 XRP? What would that look like? what would have to happen?
The only way that much money could flood into XRP that quickly is (A) RIPPLE lawsuit ends, and (B) the trump administration endorses and/or issues the new CBDC on XRPL.
SHORT TERM XRP PRICE BEARISH TO $1.95 AREASHORT XRPUSD
TP1: $2.00
TP2:$1.95
Watch for support around $1.95 PRIOR to breaks of all time highs ($3.49)
XRPSomething is cooking. Supply zones are clear and strong, and the price has broke the downtrend of low highs. December to remember.
XRP USD Don't fall for false breakouts – catch the real uptrend!The price is in an uptrend and has made a false breakout of the upper zone on a higher timeframe. Now we can observe whether the price will return to the HH (higher high) and confirm the continuation of the buy trend there, or if the price will return to the buy area (GWS) and confirm the continuation of the buy trend there.
In any case, it is important to wait for a proper confirmation of the buy trend continuation to avoid a false breakout, as seen on the higher timeframe.
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BREAKOUT OF FLAG - HODL! $3.00 SOON As illustrated, price has respected the HODL area after breaking out of the bullish flag.
BTC's break to ATH has helped the general uptrend in the industry, and XRP continues to follow.
It was necessary to have had an accumulation phase the last couple of weeks. It comes to show that the market just made a stop in the uptrend.
Unless there's a break to the downside with significant volume and strength closing below $1.500, then XRP should continue to hold the psychological price of $2.000 .
Should momentum continue this whole week, we could see XRP reach $3.00 in the next few days, and potentially ATH above it by the end of the year and into 2025.
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GOOD LUCK!
My TOP10 project list - pick number 9/10We have had an intermediate top at 1.63 $ (which is up 200% in 30 days).
As I have said in my previous post: this is just the beginning of a major run.
We corrected to the 1.27$ which is a healthy correction. However XRP is already rebounding strong.
Make no mistake: corrections will be shallow and surprises will be to the upside.
Actually most people are mocking XRP and XLM as "rhyno coins" and have no clue about their fundamentals. Let them mock our investment and watch how their jaws will be dropping in front of the life changing moves these tokens will be doing.
Our time has come.
Intraday/Scalping Long Trade opportunity can HODL (depends)Looking to buy a dip? Maybe this is the price level that we are looking for. A bullish bat pattern completion for trend continuation setup. Target Profits 1 and 2 can be seen in the chart and also the Setup Point of Ruin (POR) or SL once the setup fails. Trade with care and Good luck!
XRP downtrending channel capturing the current correctionXRP downtrending channel capturing the current correction after the big run up to 2.8 from 0.5.
XRP/USD Analysis: From Explosive Rally to New Bullish SetupAfter breaking above the critical $0.65 resistance, XRP/USD surged dramatically, reaching a high near $3, close to its 2017 all-time high (ATH). As expected, a correction followed, but the bulls stepped in decisively at the $2 zone, halting further declines and establishing a strong support level.
Currently, XRP/USD is trading within a bullish flag pattern and appears to have broken above the pattern's resistance.
If this breakout holds, it could signal the beginning of a new leg higher, with a measured target around $3.70.
My preferred strategy in this scenario is buying dips, with a clear invalidation point if the price falls and stabilizes below the $2 support level.
XRP: Transfer of Wealth Transfer of Wealth will happen. But will we be focused and vigilant enough to participate in the wealth transfer?
While we were in our feeling during the election….this was happening!
#XRP surpassed 144B in Market Cap and became the 3rd Largest Cryptocurrency.
I truly #BELIEVE that 2025 is an GREAT time to be ALIVE and will be a Wealth Transfer Year!
#YearoftheXOW
XRP
This technical analysis of XRP/USD cryptocurrency charts reveals a bullish trend, with the price recently breaking above $2.90.
Key support levels are identified around $2.40-$2.50 and $2.00, while resistance lies at $2.90 and $3.00.
High volume confirmed the November/December uptrend, while recent lower volume suggests consolidation.
Technical indicators, including Bollinger Bands and moving averages, reinforce the bullish outlook, but a failure to break above $2.90 could lead to a price correction.
The analysis concludes with a recommendation to watch volume for confirmation of any significant price movements.
XRP has a crazy chartI don't invest in XRP, but I just thought I'd share how interesting its chart is since the start. I'd like to say I'm bullish for XRP holders, but who knows.
XRP's Bullish Outlook: Flag Pattern Signals New Potential TargetXRP, the native cryptocurrency of the Ripple network, has been making significant strides in the cryptocurrency market. The recent price action has formed a classic bullish continuation pattern, known as a flag pattern, which suggests that the token may be poised for a substantial rally towards the $15 price target.
Understanding the Bull Flag Pattern
A bull flag pattern is a technical analysis chart pattern that indicates a potential continuation of an uptrend. It consists of a sharp upward move, followed by a period of consolidation, which resembles a flagpole and a flag, respectively.
In the case of XRP, the sharp upward move occurred earlier this year, and the subsequent consolidation phase has formed the flag portion of the pattern. If the price breaks above the flag's resistance level, it could signal a resumption of the uptrend, potentially leading to a significant price increase.
Factors Driving XRP's Bullish Momentum
Several factors are contributing to XRP's bullish outlook:
1. RLUSD Stablecoin Launch: The imminent launch of Ripple's RLUSD stablecoin is a major catalyst for XRP's price. This stablecoin is expected to increase the utility of XRP within the Ripple ecosystem, driving demand for the token.
2. Institutional Adoption: Ripple's growing partnerships with financial institutions around the world are boosting the adoption of XRP. As more institutions integrate XRP into their payment solutions, the demand for the token is likely to increase.
3. Positive Market Sentiment: The overall positive sentiment in the cryptocurrency market is also benefiting XRP. As investors seek out high-potential cryptocurrencies, XRP has emerged as a strong contender.
4. Technical Analysis: The bullish flag pattern and other technical indicators suggest that XRP's price could continue to rise.
Potential Risks and Considerations
While the bullish outlook for XRP is promising, it's important to consider the potential risks:
• Regulatory Uncertainty: Regulatory challenges, particularly in the United States, could impact XRP's price.
• Market Volatility: The cryptocurrency market is highly volatile, and sudden price swings can occur.
• Economic Factors: Global economic conditions, such as interest rate hikes and inflation, can influence the cryptocurrency market.
Despite these risks, XRP's strong fundamentals, coupled with the positive market sentiment and the upcoming RLUSD stablecoin launch, position the token for significant growth in the coming months. Investors should conduct thorough research and consider consulting with financial advisors before making investment decisions.
$XRP broke the pennant violentlyCRYPTOCAP:XRP broke the pennant violently.
As long as we keep this, the wave structure remains intact and we can start a new wave.
For now the most important point to keep an eye on is to break around 2.60.
Now let's show Bulls and look for the 3.90 we are entitled to.
Be kind to the world and each other!
XRPUSDT IDEAHi , this is my take on XRP
It feels that the same pattern will go again but now with a bigger move.
This is not a financial advice trade at your own risk.
