Bullish signal on XRP?XRP is showing signs of bullish activity. However, the SEC appeal is still in the air. If the SEC appeal does not happen, the bullish trend will continue. I used the wedge formation for projection.
XRPUSD trade ideas
XRP SHORTThe chart shows a clear range that XRP/USD has been trading in from April to June, followed by a significant price drop. Currently, the price has rallied back towards a previous area of interest, indicating potential liquidity around the 0.65857 level.
Trade Setup:
1. Entry: Look for signs of price rejection around the 0.6500 - 0.65857 zone, which is marked as an area of external liquidity. This area is expected to act as resistance, with the potential for the price to reverse from this level.
2. Stop Loss: Place a stop loss just above the external liquidity zone at 0.6650 to account for any potential fakeouts or spikes.
3. Target: The initial target would be around the 0.43120 level, where significant demand is anticipated. This is also the projected area shown on the chart.
4. Risk/Reward: The trade offers a favorable risk/reward ratio, with a larger downside potential versus the upside risk if the resistance holds.
Additional Notes:
- Monitor the price action closely around the external liquidity zone for confirmation before entering the trade.
- If price breaks and holds above the 0.65857 level, reassess the trade idea as this would invalidate the bearish outlook.
Hello From the Other Side Of the Trendline !We broke out, we're busting out, we're about to rocket
But man it is a historic break out, dating back to 2017 peak
Now how far the sentiment will take us
Levels to watch are on the chart
We shouldn't forget that XRP has a big market cap, Do not hope for a 20x or even a 10x
Other than that, Send it 🚀
See you up there !
"That's it, that's the idea" - Good night !
SEC suppression done and dusted???Buy signal once again. What shall the market gift this time round?
XRP to 23 USD just by using past performance for ONLY 1st part !Using the logarithmic scale just to be able to show what REALLY happened after the ICO of XRP in September 2013 and the 'momentum' until March 2017 in a period of 3.5 years, we can clearly see an identical pattern being formed over a period of 6.5 years, from the peak of 3.4 usd in December 2018 until now !
So to repeat the numbers I've mentioned already in the drawing, there was a 8000 % increase after a similar build-up in the preceding cycle or an 80 x in value until the 1st half of the bullrun!
This means that calculated from 0.4 usd, which is an average bottom of the present bear-market AND exactly the INTERMEZZO top in between the 2 cycles, we can foresee a 32 usd as an interim target or a 80 x with the nearing bullmarket.
Also notice the 3 lower highs in each cycle of the accumulation period...
Now let that all sink in and if I draw from the bottom of 0.005 usd until the previous top of 3.42 usd, this is an increase of 70,000 % or 700 x !!!
So if we calculate from 0.40, this would mean a projected price of 0.40 x 700 = 280 usd !!!
1st projection : 27 usd !
2nd projecton: 280 usd ??
The numbers are a somehow insane, so I would like to believe that 27 usd is already a crazy number which already doesn't seem like reality.. But who knows?
Xrrpusd bullishpennant on the weekly logarithmic chartSame pattern as my previous two chart ideas but this time shown on the weekly chart. All 3 measured move targets remain the same. *not financial advice*
bullpennant on the xrpusd 3month logarithmic chartJust posting an updated version of this Also going to post a 1 month timeframe version of it and a weekly timeframe version of it to keep track of how it develops. We can see 3 main targets should the entire pennant be validated and not just the symmetrical triangle. First one is 10 dollars, then 33, then 609. These amounts can of course change somewhat depending on wherever the actual breakpoint occurs. *not financial advice*
XRPUSD1 Year
Stoch RSI-looks bearish, so it may drop a few cents to around $0.55, which is around the EMA 200.
5 Year
Stoch RSI-has a bullish direction and might continue up.
ALL
Stoch RSI-has a bullish direction as well and might continue up.
Prediction: We may see a small drop in the short term, but I think this is positioning into a move upwards.
XRP - Failed inverse SHS ? Big dump in the cards?XRP broke it's long time held support line. It made an inverse head and shoulder pattern to try to climb back up. If this fails (which it looks like right now), we could see a big dump for XRP. On the other hand, if we miraculously are able to reclaim the support line, it could be real bullish.
XRP , pending for a bullXRP has been trading within a range since mid-July, with a breakout above $0.625 needed to trigger a bull run
XRP Dying Star?! Or Rising Again!?XRP has been dying for years
Relative to the space XRP has been a bad hold. In the last bull run it underperformed BTC and of course many others. It also underperformed its own previous high.
Pattern is similar to previous mega run
The lower high pattern is similar to what it made before its last mega run in 2017. It did top out late and was a market topping signal overall.. so even if not an XRP fan its worth keeping an eye on.
XRP AND WHERE WE STAND 🔥 Hope everyone's been well! I've mainly been busy with work so haven't had the chance to post till now but again hope everyone has been alright and well! I'll be sure to keep this quick and concise.
🔥 Following up from our last idea we can see the turnaround from our Death cross with us having regained that 200 EMA. Here's a chart picture for reference from a couple days ago I took:
🔥 I highlighted those peaks to watch out for a breakout and that brings us now to today's chart:
🔥 I've added this blue dotted line to signify our resistance, if we get any breakouts or bullish runs watch that blue line for what'll be resistance no doubt, that being said if we can break it again I can see us breaking out of the 0.60 cent range soon enough with how things have been.
🔥 With the Fed Rate's Cut of 0.5 percentage points that's no doubt raised sentiments as of lately and the market's seemed to love it, especially crypto with Bitcoin leading the pack from it's low of roughly $54,000 in September to $64,000 signifying this bullish sentiment.
🔥 That being said the 200 EMA's are playing a huge role in things for technical traders so I'd keep an eye on that but we've got something else to note:
🔥 When we look at the big picture for the last month or two we see that we're in this sort of middle point, we've seen 0.45 to 0.66 cents in a relatively short period and we already see how dramatic the market can be, so do keep that in mind, whether or not we lose or keep that 200 EMA can help determine whether or not we can get a possible breakout or if we'll fail to sustain that pressure and retrace, reverse course.
🔥 I've got to run but wanted to put something out while I had the chance, overall even if we fall and retrace, things look bullish especially with XRPL development the future looks bright for XRP regardless of what the charts do, that's the biggest picture note I've got.
🔥 Thanks for tune in as always and wishing well till next! Have a great day and keep up all that you do!
~ Rock '
Can the price of XRP really go that high? This chart shows how it could be possible for the price of #XRP to reach the coveted $589 price target. I'm not a big fan of these extravagant price targets in short time periods, but I do firmly believe that they are attainable given enough time and the right circumstances.
Good luck, and always use a stop-loss!
T minus two weeks to SEC appeal deadlineThe SEC has until October 7th to file an appeal in their securities case against Ripple. Some suspect the recent debut of the Grayscale XRP Trust suggests there won't be one.
The XRP price has shown sensitivity to big dates in the case, and the SEC seems bent on pushing further action in new forms. Closure of the securities case itself though could be the catalyst that sets the XRP price free to climb. On the other hand, an appeal could last to a precipitous drop!
XRPUSDXRPUSD @.59026 RSK .60560 TP .55855 TP .58956 Following previous analysis after a strong move to what could now be HOM. Did not like the previous entry taken so went ahead and closed out. This re entry will be our weekly outlook moving into the end of September.
Trade Your Life Away!
is xrpcoin looking for a breakout?CRYPTO:XRPUSD
0.6200 level marked, if it sustain above 0.62 then next level is 2.
note:
don't trade with these marked levels, please trade with your own analysis and responsibility.
XRP - LongMACD pretty neutral, XRP is in the greed zone, but will it hit peak greed? I'm looking for a move above 0.65 for a swing trade.
XRP after Price Prediction of $5XRP whales are bucking the trend with noticeable moves amidst a wider backdrop of uninspiring price movements for the cryptocurrency. A recent surge in XRP acquisitions has caught the crypto community’s attention, as large-scale investors acquired $228 million worth of the digital asset in a few days. Interestingly, this noticeable spike in buying comes on the heels of the launch of the Grayscale XRP Trust and an optimistic price prediction that sees XRP potentially hitting $5 in the next six to ten months.
Whale Accumulation Increases Amidst Bullish Predictions
This exciting movement by XRP whales was revealed through the crypto’s supply distribution on the social media platform X by Ali Martinez. According to the Santiment chart shared by the crypto analyst, wallets holding 10 million to 100 million XRP tokens recently pushed their total balance to a September peak of 7.17 billion XRP after adding about $288 million worth of XRP tokens in ten days.
Based on the average price of the altcoin during this period, this equates to the acquisition of approximately 390 million tokens by this group of large holders, representing about 6.9% of the total circulating supply moving into the hands of a few key players.
Although the total balance of the whales had dropped to about 7.11 billion XRP at the time of Martinez’s post, recent developments point to continued accumulation in the coming days. One of these developments is the recent launch of the Grayscale XRP Trust, which seems to be already attracting institutional investors to the token.
However, despite this uptick in whale activity, XRP has not mirrored the price jumps in other major cryptocurrencies following a favorable U.S. Federal Reserve decision. The Federal Reserve’s 0.5% interest rate cut has fueled a broader inflow into the cryptocurrency market, propelling assets like Bitcoin and Ethereum to notable gains. In contrast, the price has struggled to break above the $0.60 mark, even with heightened whale activity.
Crypto analyst Ash Crypto predicted that the altcoin could reach $5 in the next six to ten months. This forecast aligns with a wider backdrop of optimism within the crypto space, with multiple assets experiencing upward momentum as the effects of the Federal Reserve’s policy changes continue to ripple through markets.
XRP $5 Prediction
Feast your eyes on THE XRP MOON CHART!I've seen a metric ton of charts explaining why XRP is going to break out soon and run to new all-time highs, but I think this chart is the single most compelling chart of them all!
This is the 3-month chart, and although it doesn't provide us with an accurate breakout date, it does present a solid pattern that has been exhibited in the current wedge formation numerous times.
In the previous wedge, a drop below the trendline signaled a massive run up to the top trendline. From the previous wedge to the current wedge, and within that same wedge, each time the price dropped below the lower wedge trendline, it appreciated greatly, significantly piercing the top trendline area.
The current 3-month candle has dropped below the current wedge trendline, signaling another period of significant price appreciation to come. Since the current candle is very near the end of the wedge, it will most likely be the final appreciation period of the current pattern, not only piercing the upper trendline but also appreciating to the point that it establishes the beginning of a whole new, much higher-priced wedge in the process.
In the coming months, I believe there will come a point where XRP investors and spectators alike will all be picking their jaws up off the floor! If this plays out, it’s going to be incredible!
Enjoy the ride! It’s not getting to the top of the mountain that counts; it’s the journey that got you there that you will remember!
Good luck, and always use a stop loss!
The XRP monthly chart is looking absolutely incredible!The XRP monthly chart price action is wicking outside of the long-term trend line for the first time since establishing the second point of contact. This could be a sign of very good things to come!
Good luck, and always use a stop-loss!
XRPUSD: Preparing for a major move. Will it be up or down?XRPUSD is dead neutral on its 1D technical outlook (RSI = 53.714, MACD = 0.06, ADX = 26.919) as it is consolidating over the 1D MA50 but at the top of the short term Triangle. This top is also near the LH trendline of the long term Descending Triangle pattern and has been acting as Resistance since July 13th 2023. A crossing over it will push it towards the R1 level, in which case we will aim for a new +70.60% rise (TP = 0.8500).
The longer it fails to cross over the LH trendline though, the more likely it is to get rejected, at least on the short term back to the S1 level, so for now we keep a short on a tight (LH) SL targeting for the S1 level (TP = 0.5200).
A quick look at the RSI fractals of the Descending Triangle is enough to see a similar pattern after each High. The current one though is more bullish than the rest as at this stage the others had already made a deep correction towards the S2 Zone but the current hasn't, potentially hinting to a breakout. This is why this is more likely to happen now than before.
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xrp target cycle of 4 months since 2023 After further chart analysis I see a pattern on a 4 month cycle since November 2023 and we are at the almost the end of the descending triangle pattern which is bearish but I firmly believe it will surge and break upward either just before or just after the election .
XRP primed for breakout after rate cutRisk assets are in the green today, notably the small cap Russel 2000 up over 2% and Bitcoin a whopping 6% against the Dollar.
XRP has been consolidating across timeframes from the daily all the way through monthly and beyond. Back in 2021 Bitcoin and Ethereum were rallying whilst XRP was asleep at the wheel. Suddenly it almost tripled in just 2 days!
Varying perspectives often draw attention to a 7 year triangle buildup that could provide explosive power this time.
