XRPUSDT : POLONIEXXRPUSDT : POLONIEX
FORECAST DATE : 10 Oct 2024
POSITION : BUY 0.1781USD / SELL 2.5xxUSD
X : @anuchajiw
XRPUSD trade ideas
Magic Idea for XRP/USDMagic Idea for XRP/USD
XRP is positioned for a significant price surge, primarily driven by over 1,700 bank partnerships with institutions like Bank of America, Santander, and JP Morgan, which are integrating XRP for cross-border transactions. These institutions are transitioning from testing to full-scale adoption, requiring large liquidity pools to manage trillions of dollars in daily settlements. This demand could substantially increase XRP’s value as it takes a larger share of global financial transactions.
Key Factors:
1. Institutional Use: XRP's price is primarily driven by institutional transactions, not retail speculation, making it more stable and utility-focused.
2. Similarities to BTC Cycles: XRP’s current cycle is similar to past Bitcoin bull runs, showing a prolonged consolidation period followed by a sharp price increase, aligning with historical BTC patterns.
3. Technical Breakout: XRP has broken out of a long-term symmetrical triangle, a bullish signal that suggests a strong upward move is imminent. This technical setup, combined with institutional demand, makes XRP a strong candidate for future gains.
In summary, with increasing institutional adoption, growing liquidity needs, and bullish technical signals, XRP is poised for a significant breakout, following a path similar to previous Bitcoin cycles.
XRP Institutional Investor OpsFeign Weakness when you're really strong. That seems the case here. 28 cents should be the floor as the last XRP bottom was 2.8 cents. Good luck..
Ya Boi,
-Antizma
XRP LIQUIDITY HUNT COULD CAUSE ANOTHER 18% - 19% DROP.XRP is very likely to seek liquidity below the lower wedge trend line before moving upward again. It's probable that the price will wick down to the $0.50 level to grab liquidity resting under the previous low. However, if it seeks additional liquidity, the price could drop to the $0.43 level before we see a significant reversal. If that occurs, this could be a great opportunity for a quick short to that level, followed by a reversal trade for the ride back up.
Good luck, and always use a stop-loss!
XRP/USDT - Potential Fractal FormingInteresting to see XRP drop so much the last week due to the news about the filing. Sadder still not have seen a decent bounce. It makes me wonder whether the overall sentiment of XRP is bearish. In any case, there's a potential for a fractal here as described in the image. So, very resrevadly I'd be going long on XRP but absolutely not using this as an opportunity to trade as things seem quite uncertain. Let's await confirmation of an overall trend resolution before taking part in XRP.
My thoughts of the SEC and their agenda.They can stop suppressing our coin now and stop putting their crap where it doesn't belong.
It doesn't just affect America.. it affects the entire world and Xrp. Nuff said.
XRPUSD: Bullish Setup AheadAs I prepare to share my bullish trade idea for XRPUSD on TradingView, several key global fundamentals align with my positive outlook. Here are a few significant factors to consider:
1. Regulatory Clarity: Recent developments in cryptocurrency regulation, particularly favorable rulings for Ripple Labs, have boosted market confidence. This clarity is essential for institutional investment and long-term growth in the crypto space.
2. Market Sentiment: The overall sentiment in the cryptocurrency market has shifted positively, with many traders anticipating a bullish trend. Indicators such as the MACD and Stochastic Oscillator suggest potential upward momentum, reflecting a growing interest in XRP as a viable investment option.
3. Technical Analysis: Current technical indicators show that XRP is poised for significant moves. The Relative Strength Index (RSI) is in a neutral to slightly bullish zone, indicating room for further upside before reaching overbought conditions.
In my trading strategy, I will utilize probabilities to position myself for long trades in XRPUSD.
Share Your Thoughts in the Comments Below!
12M:
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XRPUSD Weekly triangle currently retesting as exact wick supportEven though we are still inside the triangles on the logarithmic chart, we have now been above this key linear chart symmetrical weekly triangle now for 2 consecutive weekly candle closes, and sure enough the big dump that coincided with the SEC’s appeal found wick support right on the top trendline of this triangle retesting it currently as support. It’s certainly plausible that price could continue to fall back inside the linear chart symmetrical triangle here, however closing the currentl weekly candle above ot’s top trendline here and maintaining it as precise wick support would be such a bullish sign were it. To happen that then I would start wondering if the entire appeal thing might actually not go through because maintaining this as support should validate the breakout and send price action on its way up to find that $3.73 cent measured move target. Of curse still very probably we could dip back inside this triangle one more time as well, either way I thought it’d be a good idea to repost this triangle and also include a screenshot of the current wick support zoomed in. *not financial advice8
XRPUSD Impulse wave to reach 1.2500XRPUSD / Ripple is having a strong bearish candle on the 1week timeframe, erasing the gains so far of the previous 3 weeks.
Even though that is shaking out many traders off the market, this doesn't affect the long term bullish outlook.
The reason is that XRP is repeating a pattern that seems like an Inverse Head and Shoulders of 2022-23.
You can see that when it finally crossed above Resistance one, it rallied strongly to the 1.786 Fibonacci extension.
Buy and target 1.2500
Follow us, like the idea and leave a comment below!!
XRPUSD TO 0.8500Finally!!! The breach of 0.60138 Resistance is here...
The close is really convincing considering three weeks of bullish momentum, and the current week is already down significantly (at least 50% of the previous week candle), possibly for a retest of the resistance. If the current candle flips up, past the 0.74490 wick then 0.8500 can be the next target.
Follow my previous posts on XRPUSD for this trade idea.
XRP Monthly ChartHuge fakeout right before the 3 month and monthly candle closed and ended the month back in this range.
See if this continues moving down toward lower targets of sub $0.30 / $0.20, it isn't that far away.
Could see a retracement back toward $0.60, but higher timeframes looking to continue ranging or move lower at this point.
See how the first few weeks go of Q4, SEC appeal could be why this is tanking.
XRP-On-chain metrics XRP pared some of its gains after the SEC officially filed a notice of appeals against Ripple. The entire crypto market plunged sharply after Iran attacked Israel.
XRP ETP
According to Bitwise
Today we filed an initial registration statement on Form S-1 for a new Bitwise XRP ETP.
“We believe blockchains will usher in new apolitical monetary assets and permissionless applications for the 21st century,” said Bitwise CEO Hunter Horsley. “We aim to help investors access the opportunities in the space, and are excited to continue that work with our filing for a Bitwise XRP ETP.”
Transaction volume -
XRP transaction volume spiked sharply and hit 8-month high of $2.39 billion yesterday.
Market Value to Realized Value
XRP - 30-Day MVRV ratio is at -9.2% lowest in two months. This indicate an “opportunity zone” with limited risk.
Whale activity-
The whale transactions exceeding $1 million reached 145 (6-month high) (bullish for XRP).
Major resistance- 0.6000
Near-term resistance - 0.5800
Minor support- 0.5000,0.4350
Trend reversal level- 0.6800
It is good to buy on dips with SL around $0.400 for a TP of $1
Interesting indicatorsXRP is trying to find its range. A possible head and shoulders appeared in the ascending triangle, but it's hard to tell. 200 MA isn't playing the break and had a resistance rejection. If this is a head and shoulders, I believe there will be one more pump before a reversal. If not, it will break the ascending triangle to find new highs and lows. From a fundamental point of view, XRP is likely unstable because of its upcoming appeal, making traders skeptical of its short future. At this point, if you are serious about XRP, look at XRP as a long-term investor. Bitwise filed XRP ETF. (INVESTOR NEWS) - www.tradingview.com
XRP BREAKOUT SOON. JUST LOOK.XRP Is building a massive base just like the last time. RISE CRASH RETRACE REACCUMULATION BLAST OFF.
XRP history repeats XRP RISE , CRASH , RETRACE, RE-ACCUMULATION, BLAST OFF! Exactly what xrp did the last time. Remember xrp didn't go in a bull run in 2o21 with the rest of the market so it's building a massive base. The biggest base crypto history. 6+ years! Any moment. When u leasr expect it. A breakout will occur and all of that pressure from market suppression IE lawsuit, exchanges delisting, ect. XRP LOW $8 .. HIGH $27
XRPUSDTI think the price is compressed in the continuing triangle and can go up to the higher range after the break and pullback. But this parabolic movement can happen in a short time considering the movement in the past. So be sure to monitor the chart.
What do you think?
Ripple: Upward PressureXRP rose significantly after our last update and even surpassed its July highs at times. Should this upward momentum now continue above the resistance at $0.9479 (probability: 45%), we should already see the coin in the magenta-colored wave alt. (D). However, we are not yet convinced of this option and are thus allowing the same-colored (C) wave to continue below the support at $0.2874.
[XRP/USD] XRP try to breakout multi-year downtrend lineThis one is weekly chart of CRYPTO:XRPUSD . Look at how the price start to peeking above the downtrend line, a multi-year downtrend line since 2021.
Who is ready for the XRP breakout??XRP is about to break the triangle that has been forming since the beginning of 2018.
Next target is around 10$
XRP , to breakout? or give up?XRP closed with a bullish weekly candle and is currently testing strong resistance at $0.66.
After months of consolidation, is it time for XRP to make its move?
We’re looking for a breakout above $0.66.
The weekly MACD has crossed and is trending upward, showing that the bulls are in control.
XRP LongXRP is finally having its rally. Saturday, 9/28, hit a milestone as it broke its previous high (resistance). It will most likely retest with a pullback balancing itself between 0.62 and 0.67 in the coming days. On the weekly chart, a golden cross formed on Monday, 9/15. 200 MA is playing the break. Resistance - $0.74 Support - $0.50
MAKE ROOM XRP COMING THROUGHBINANCE:XRPUSD -XRP is starting to show signs of strength as it passes through the MICRO DEMAND LINE. Several attempts of trying to break through have been made in the past, but it just didn’t seem to have enough gas.
Some hidden BEARISH divergence can be noticed on the RSI possibly signaling some pull back in the mix.
The MACD is showing a full tank with plenty of room for some movement to the upside.
A Textbook Elliot 5 wave pattern appears to be in its final making. This is a huge signal where noramlly a continuation pattern follows, breaking out of the contraction triangle.
Higher highs will most likely be in the making, can’t wait to see how this coin performs the next year to come!
-Not financial advice-
XRP: GETTING TIGHTXRP holding above the 40 weekly pushing against the upper resistance trend line. Looking for a break of the trend line and a retest to go higher. If XRP holds this wedge pattern I would anticipate a break out no later than Jan 2025.
