XRP: Bull Market VibesXRP, like many other cryptocurrencies, has experienced significant fluctuations over the past few years. In this article, we will analyze XRP's behavior from 2018 to the present, focusing on the bull market that started in December 2020.
Descending Channel (2018-2020)
From the summer of 2018 to December 2020, XRP was in a descending channel. This period was characterized by low volatility and a gradual decrease in price.
Sharp Pump and Bull Market (December 2020 - May 2022)
In December 2020, XRP surged sharply, breaking out of the descending channel. This pamp marked the beginning of a bull market that lasted until May 2022.
Ascending Channel (May 2022 - Present)
Since May 2022, XRP has been trading in an ascending channel. This channel is characterized by clear support and resistance lines, as well as XRP constantly testing the upper channel boundary.
Pump Expectation
On the daily timeframe, XRP shows a decrease in volatility. This pattern often precedes a sharp rise in price, so it can be expected that XRP is about to make a new pamp.
Bullish Sentiment Confirmation:
XRP has been holding in an ascending channel for 7 months, without breaking the support line.
The price is constantly testing the upper boundary of the channel, which indicates the bulls' pressure.
Decreased volatility on the daily timeframe is a typical pattern before a pamp.
Important Caveats:
It is important to conduct your own research and assess the risks before investing
XRPUSDT.PS trade ideas
Bulls Eye Breakout Above Key ResistanceXRP Bulls Target $1 After Breakout
XRP, one of the top 10 cryptocurrencies by market capitalization, has been on a tear in recent weeks, breaking out of a long-term downtrend and reaching its highest level since May 2022.
Technical Indicators Flash Bullish Signals
The daily chart shows that XRP is now trading in a rising channel, with higher highs and higher lows. The RSI indicator is also trending upwards, suggesting that the bulls are in control.
Weekly Chart Shows Bullish Continuation Pattern
On the weekly chart, XRP has formed a bullish double but, a continuation pattern that suggests that the uptrend is likely to continue. The pennant is formed by two converging trendlines, and a breakout above the upper trendline is typically seen as a bullish signal.
XRP Price Eyes 30% Upside
Based on the technical indicators, XRP could rally by as much as 30% in the coming weeks. The next major resistance level is at $1.00, which is the 50% Fibonacci retracement of the previous downtrend. A break above $1.00 could open the door to further gains towards $1.50 and $2.00.
Traders Should Exercise Caution
However, traders should exercise caution before buying XRP. The cryptocurrency market is highly volatile, and prices can move quickly in both directions. It is important to conduct your own research before making any investment decisions.
Disclaimer
This analysis is for informational purposes only and should not be considered as investment advice. Always conduct your own research before making any trading decisions
XRP looks to be setting up for another run northward!The recent liquidation candle could be a very bullish sign for XRP price. As you can see from the chart, the Stoch MTM is showing a potential bullish crossover attempt. The last three times this happened, XRP price made decent gains shortly thereafter.
Good luck, and always use a stop-loss!
XRPUSD 1WXRP ~ 1W
OutLook #XRP , It is only a matter of time until this Resistance line is broken, and CRYPTOCAP:XRP will soon get a pump of at least 20%++
Xrpusdt daily support So this coins looks very bullish on the monthly timeframe. Also weekly. on the daily it hit support and hopefully it bounces from here. Getting tired of this boring piece of crap . f ripple
Xrp Is Ready Xrp/Usdt
Higher Time-frame
Looks promising for newt leg up
Breakout already confirmed retest is in process, incase of succesful retest expecting 50-70% bullish move
Not financial advice dyor
XRP: Keep an eye on this level! If you're currently looking to trade XRP, here's a quick setup that you might find helpful!
The idea is to buy when the price breaks above 0.675$ and take profits at the levels shown in the chart.
Targets:
1. 0.71$
2. 0.77$
3. 0.84$
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About our trades:
Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!). Our TradingView page serves as a testament to this claim, and we invite you to verify it!
A Bearish Divergence Crops up on XRP’s ChartsOver the past 48 hours, the XRP price has exhibited notable fluctuations on the 4-hour chart. With closing prices ranging from $0.662 to $0.6442, the market dynamics of XRP reveal a complex interplay of bullish and bearish forces, underpinned by critical technical indicators.
The 9 Exponential Moving Average (EMA) readings suggest a mild bullish momentum in the short term as prices have consistently stayed above this moving average. Conversely, the 20 EMA values have shown a gradual increase as well, reinforcing the bullish sentiment in a longer time frame but also pointing towards potential resistance levels that traders should watch closely.
Initially, the Moving Average Convergence Divergence (MACD) values indicated a slight bullish momentum, as evidenced by positive histogram values. However, the most recent data shows a negative histogram, suggesting a potential slowdown or reversal in the bullish trend. This divergence between the MACD and its signal line could be a precursor to increased market volatility or a forthcoming trend reversal.
Relative Strength Index (RSI) readings have also provided critical insights, oscillating between 69.4 and 58.05 over the period. Initially, the RSI hovered near the overbought territory, indicating strong buying pressure. However, a gradual decline towards 58.05 reflects a cooling off, possibly opening up opportunities for a corrective pullback or consolidation phase in the near term.
Considering the technical indicators and the current market setup, the immediate support and resistance levels at $0.6462 and $0.623, respectively, are crucial for determining potential movements. Traders might consider entry points for long positions if the price sustains above the $0.6462 level, leveraging the bullish momentum indicated by the EMAs and initial MACD readings. Conversely, a break below the $0.623 support level could open opportunities for short trades, especially if accompanied by bearish MACD and RSI confirmations.
For traders eyeing more conservative entry points, the additional support level at $0.6204 serves as a critical juncture. A rebound from this level could offer lucrative long entry points, whereas a break below could further validate a bearish outlook for the XRP price.
XRP can do a great RUN!BINANCE:XRPUSDT price chart is making a triangle. After leg E, it can rises up to next resistance.
XRP price update#XRP is looking good in a weekly chart. After a successful breakout from a triangle and 0.6939 level, we will see massive gains. We could take entry after 4 hours or daily candle close above 0.6939 level. Always use stop-loss. Everything is on the chart
xrp breaking out seems like xrp preparing for some solid recovery
xrp on verge of massive breakout formed symmetrical triangle and breaking out too incase of successful breakout expecting 2x bullish wave in midterm
XRP/USDT BULLRUSH BEFORE THE FLUSH???Looking at the XRP/USDT Daily Time Frame, we can get an idea where and WHY price is moving the way it is:
We see that ALL previous buyside has been swept.
This should indicate BULLISH order flow.
Every bullrun hits it's breaking point but where will that be???
We see that there's more Buyside that's yet to be swept and I'm thinking it will sweep them soon in the near future.
But WAIT .... There's More!
Right above the highest high, there is a GORGEOUS Daily SIBI resting right above.
Sadly, it hasn't been tapped yet :(
If it gets tapped, will XRP rise or will that be it's Downfall???
There's only one way to find out ;)
I'm patiently waiting for potential opportunities that allow a solid 2:1 RR trade to be taken.
(DISCLAIMER) THIS IS NOT FINANCIAL ADVICE! THIS IS MY PERSONAL OPINION AND I COULD BE 100% INACCURATE IN MY ANALYSIS. DO YOUR OWN RESEARCH AND ANALYZE YOUR OWN CHARTS. TRADING IS EXTREMELY RISKY SO BE CAUTIOUS AND TRADE AT YOUR OWN RISK!!!
XRP/USDT SMASHED Through Daily BuysideHere is my thought process:
I saw that previous buyside liquidity has already been swept.
Wanted to see where price is likely to draw to next.
Zoomed out on the Daily time frame and saw this clear buyside liquidity waving at me.
Now my bias is bullish.
Dropped down to the Hourly time frame and saw this GORGEOUS spring action move with a clear order block created that broke market structure higher, closed above the internal highs, AND created a clear imbalance.
Immediately placed a buy-limit order at the high of the hourly order block with stops set slightly below, and set my TP right about Daily buyside liquidity for a solid 2:1 RR
Did you catch the same trade?
XRP - BuyXRP is looking to break out soon.
If Bitcoin continues higher and goes to all-time new highs, then XRP and most other cryptos will also break out, they lag Bitcoin, but at times they can outperform BTC in very short and quick bursts upwards... I think that is coming if BTC continues higher.
XRP Price Eyes $0.70 TargetCRYPTOCAP:XRP , the digital asset associated with Ripple, has recently witnessed a significant uptrend, reaching a new 2024 high of $0.65. Amidst this surge, developments in the ongoing SEC v. Ripple lawsuit have added complexity to CRYPTOCAP:XRP 's price dynamics.
Ripple's Influence on XRP Price:
Attorney Bill Morgan, a Ripple proponent, suggests that Ripple's influence on CRYPTOCAP:XRP 's price may gradually diminish as the payment remittance firm's holdings decrease. Ripple's strategic move to lock nearly 55% of CRYPTOCAP:XRP supply in escrow aims to enhance predictability and reduce volatility in the market. This development could potentially mitigate negative impacts on CRYPTOCAP:XRP 's price, fostering stability and investor confidence in the altcoin.
Technical Analysis and Price Outlook:
CRYPTOCAP:XRP 's price momentum remains bullish, with the altcoin surging towards its December 2023 peak of $0.70. Technical indicator, including the Moving Average Convergence Divergence (MACD), support CRYPTOCAP:XRP 's recent gains and reinforce the bullish thesis for the altcoin. To sustain its upward trajectory, CRYPTOCAP:XRP must surpass resistance at $0.6501 and establish it as a support level. Additionally, the altcoin could find support at the 78.6% Fibonacci retracement level of $0.6148 in the event of a price decline.
Legal Developments and Market Sentiment:
The ongoing SEC v. Ripple lawsuit continues to influence market sentiment and investor confidence in XRP. As legal proceedings unfold, clarity on XRP's regulatory status could potentially alleviate concerns and pave the way for broader adoption and investment. However, uncertainties surrounding the lawsuit remain, underscoring the importance of monitoring legal developments and their impact on CRYPTOCAP:XRP 's price dynamics.
Conclusion:
CRYPTOCAP:XRP 's recent surge to new highs reflects both positive market sentiment and strategic developments by Ripple to enhance the altcoin's stability and predictability. While legal uncertainties persist, XRP's resilience and bullish momentum position it as a formidable player in the cryptocurrency landscape. As investors navigate the evolving regulatory landscape and market dynamics, XRP's trajectory will continue to be shaped by legal developments, technical indicators, and broader market trends. Amidst this dynamic environment, staying informed and vigilant is crucial for assessing XRP's potential and navigating opportunities in the crypto market.
XRPUSDT.1DBased on the provided market data, the XRP cryptocurrency is currently trading at $0.64. The Relative Strength Index (RSI) over 4 hours, 1 day, and 7 days are 69.38, 72.92, and 59.71 respectively. An RSI over 70 usually indicates that an asset may be overbought, and thus due for a price correction. However, the 7-day RSI is still below 70, suggesting that the asset is not in the overbought territory on a weekly basis.
The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day, and 7 days are 0.15, 0.022, and 0.0078 respectively. A positive MACD suggests that the asset is in a bullish phase and may continue to rise.
The Bollinger Bands (Bb) for 4 hours, 1 day, and 7 days are 0.66, 0.6545, and 0.6931 respectively. The current price is below the upper band in all three periods, suggesting that the asset is not overbought.
The support levels for 4 hours, 1 day, and 7 days are $0.6294/$0.5925/$0.5808, $0.5753/$0.5442/$0.5050, and $0.5916/$0.4852/$0.4827 respectively. If the price of XRP falls, these levels could serve as the points where the price may start to rise again.
The resistance levels for 4 hours, 1 day, and 7 days are $0.66/$0.6880/$0.7160, $0.6623/$0.7248/$0.7548, and $0.6956/$0.7550/$0.8150 respectively. If XRP continues to rise, these levels could serve as the points where the price may start to fall.
In conclusion, the XRP seems to show a bullish trend based on its positive MACD and RSI values that are not in the overbought territory. However, it's important to monitor the RSI closely as it's approaching the overbought level in the 4-hour and 1-day periods. As always, it's crucial to consider other market factors and your risk tolerance before making investment decisions.
[XRPUSDT] Don't like it, but some of you do and asked,Seems picking up steam, as soon as it breaks out, this is the move.
where is going xrp????????Well, since a triangle has been formed in the weekly and daily time frames. Due to the growth of Bitcoin, we expect the ceiling of the triangle to be broken. And on the other hand, we are close to the April 22 Ripple court.If Ripple wins, we can see a historical high for this currency.
XRP Cup & Handle is playing out exactly as I theorized!We've seen some amazing gains recently in XRP, and the crypto market as a whole, but it's not over yet, in fact, we're just getting started!
Fasten your seatbelts!
Good luck, and always use a stop-loss!
Ripple can continue to move up in upward channelHello traders, I want share with you my opinion about Ripple. Looking at the chart, we can see how the price some days ago started to trades in the range, where it tried at once to rise, but failed and declined to the bottom part, which coincided with the buyer zone and 0.5300 level. After this, XRP some time traded in this zone, and last time it rebounded up to the top part of the range, which coincided with the 0.5940 support level with the area. But the price at once bounced and made impulse down to 0.5300 level, after which it started to rise in an upward channel, exited from range. In the channel, the price rose to the support area, breaking the 0.5940 level, but soon made a correction below this level. Later, XRP broke the 0.5940 level again and rose to the resistance line of the channel, after which it rebounded down to the current support level. But a not long time ago price bounced from this level and continued to rise in an upward channel. So, now I think Ripple can make a small correction movement and then continue to grow to the resistance line of the channel. For this case, I set my target at the 0.6930 level, which coincided with line. Please share this idea with your friends and click Boost 🚀
XRP Break Out From Weekly Symmetrical TriangleXrp, the most dumped token in the history of crypto. Well, after ICP Lol. Seems breakingout from its weekly triangle after 93 weeks of accumulation. If there is any chance this will ever run back higher and ripple stop dumping on its holder, this triangle should able to targeting at least 0.8 and maximum sub $1.1. Align with XRPBTC on its weekly, seems like its finds bottom and ready to reverse. Hope Ripple not being a retard by keep dumping on the holders. #nfa #dyor
