XRPUSDT Bullish Flag Pattern!XRPUSDT Technical analysis update
The BINANCE:XRPUSDT price has formed a bullish flag pattern on the 4-hour chart, with the previous resistance at 1.95 now acting as support. Following the breakout, the retest of 1.95 has been completed, and the 100 EMA serves as support for the flag pattern. A strong bullish move in XRP can be expected in the coming days.
XRPUSDT trade ideas
Cautious Moment - Leaning Bearish Based on the WeeklyThe weekly chart is showing signs of caution, with the most recent weekly candle closing as a 'Hangman' candlestick. This pattern is often associated with the potential end of an uptrend and the beginning of a correction. Supporting my bearish sentiment:
The Weekly Chart
The RSI (Relative Strength Index) is extremely overbought at 85.25, a level that typically signals an overstretched market.
The Stochastic RSI is also in overbought territory, with the K line crossing below the D line, marking a bearish reversal signal.
While an overbought RSI doesn't necessarily indicate an imminent dump, it does serve as a cautionary marker that a possible correction may be on the horizon. The Stochastic RSI, however, strengthens the bearish bias by indicating slowing momentumโa signal that aligns with observations on the daily chart.
The Daily Chart
On the daily timeframe, the price has corrected from the recent high of $2.94, marking what I believe to be the end of Wave 1. The current correction appears to be a Wave 2 correction forming within a descending channel. Here are the key observations:
The last 7 daily candles have been either 'Spinning Tops' or 'High Wave' candlesticks. Both patterns are indicative of market indecision, with low momentum clearly slowing.
The RSI and Stochastic RSI on the daily chart also reflect this flat momentum, further signaling the market's lack of direction.
Elliott Wave Context - Wave 2 Correction
Referencing Bennett McDowellโs 'Elliott Wave Techniques Simplified':
15% of Wave 2 corrections retrace between 23.6% and 38.2% of the Fibonacci levels.
70% of Wave 2 corrections typically retrace between 38.2% and 61.8%.
So far, XRP has corrected slightly past the 38.2% Fibonacci level, suggesting that the Wave 2 correction could still be in progress. Based on historical patterns and current price action, I believe a deeper correction toward the 61.8% Fibonacci retracement level at $1.40 remains a strong possibility.
Summary & Strategy
This is a highly cautious area for XRP:
I am not currently in the market and would only consider entering if there is a clear breakout above the descending channel, supported by volume.
Even then, I would wait for a backtest of the channel to confirm the breakout is not a fake-out before entering a long position.
However, given the current chart signals, I anticipate that XRP could correct all the way to the 61.8% Fibonacci level at $1.40. I donโt expect this correction to be clear-cut or quick; rather, it could evolve into a 'Complex Correction', with price chopping around before ultimately completing the retracement at the 61.8% level.
XRP FVG analysis on the daily chartokay so anyone that is currently holding XRP what i think is the best, is to exit at around $2.55-$2.60 if greedy than $2.63 and after wait for it to hit the first FVG at $1.54-$1.76 go in for how much you like, but the chances are that it is gonna go trough it and go all the way to $1.14-$1.25 if not then exit at $2.10 and wait for it to hit the second target! have a nice evening guys.
XRP/ USDT: Poised for breakout above trendline resistance XRP/USDT: Poised for a Breakout Above Trendline Resistance
XRP/USDT is setting up for an exciting move ๐ as it edges closer to a critical trendline resistance zone ๐. The price has been consolidating tightly, creating an ideal scenario for a potential breakout ๐ฅ. If the breakout occurs, we could witness a strong bullish rally unfold ๐. Stay vigilant ๐ and wait for confirmation before entering a position.
Key Insights:
1. Trendline Resistance: XRP/USDT is nearing a significant trendline that has acted as a barrier in the past. A break above this level could trigger a strong upward movement.
2. Volume Surge: Monitor trading volume during the breakout. A significant spike can confirm strong buyer momentum ๐ฅ.
3. Bullish Indicators: Momentum indicators like RSI and MACD are currently trending positively โก, supporting the potential for a bullish breakout.
Steps to Confirm the Breakout:
Look for a clear 4H or daily candle close above the trendline ๐.
A notable increase in volume during the breakout is crucial to validate buying pressure ๐.
A successful retest of the broken trendline as a new support zone strengthens the breakout's credibility โ
.
Be cautious of fake breakouts, including sharp reversals or wicks above the trendline โ ๏ธ.
Risk Management Strategies:
Implement stop-loss orders to protect your capital ๐.
Ensure position sizing is consistent with your trading plan ๐ฏ.
This analysis is for educational purposes only and not financial advice. Always do your own research (DYOR) ๐ before making investment decisions.
ripple xrp usdt daily analyze
time frame hourly
risk rewards ratio >2
my last ripple analyze reached the target and 350% benefit
this analyses is base on good news and fundamentally and price action too.
look at the chart. xrp move up an down in triangle area when is raging and after save energy pumps to new target.
good news about ripple and market sentiment help it to pump early
XRP/USDT 4H Timeframe AnalysisXRP/USDT 4H Timeframe Analysis
Trend Analysis:
In the 4H timeframe, the XRP/USDT pair is currently in an uptrend, having reached an all-time high of $2.90. However, a bearish engulfing pattern has formed, followed by the creation of lower lows and lower highs, indicating a shift in market sentiment and the emergence of a ranging market. We have identified minor key resistance at $2.50 and a minor key support zone, with a recent breakout of a trend line at $2.40.
After the breakout, buyers placed buy orders in this key area, suggesting a potential long position. However, our bias is that this is merely an accumulation stage following a large volume order in this area. We anticipate some manipulation from the downside, which may lead the price toward our liquidity zone.
Price Action Expectation:
Our objective is to wait for a significant manipulation move that could liquidate some buyers' stop-loss positions placed within our liquidity zone. After this, we will look for the price to return to the previous resistance level.
Trade Setup:
Trade Type: Buy Stop
Entry Price: 2.5090 (just above the resistance after breakout)
Stop Loss: 2.3740 (positioned below the minor support to protect against adverse movements)
Take Profit: 2.9000 (targeting the next major resistance level)
Fundamental Outlook:
Impact on XRP/USDT:
The upcoming developments regarding the SEC's legal battle with Ripple are crucial for XRP's price action. The SEC faces a pivotal appeal deadline on January 15, and the departure of Chair Gensler raises hopes for Ripple and XRP investors.
Potential Positive Outcome:
If the SEC withdraws its appeal, XRPโs price could target its all-time high of $3.55, significantly boosting bullish sentiment.
Potential Negative Outcome:
Conversely, if the SEC's filing leads to unfavorable outcomes, XRP could slide toward the $1 mark, impacting our bullish outlook.
XRP โ UpdateXRPUSDT is exhibiting a clear Elliott Wave structure on the 1H timeframe. The price has recently completed the ABC correction near a major Demand Zone at $1.95โ$1.82 and has begun a new impulsive wave sequence. The structure shows Wave 2 in progress, with a projected target for Wave 5 near $3.51.
The market appears to still be in Wave 2 of a new impulsive cycle.
Wave 2 corrections typically retrace to key Fibonacci levels (50%-78.6%) before reversing into Wave 3.
By overlaying a ghost of the previous Elliott Wave, the current wave 1 aligns well, and the projected Wave 5 target could extend to around $3.51.
Once Wave 2 confirms, expect Wave 3 to push strongly toward $3.2 based on previous wave "ghost" projections.
Look for confirmation signals (bullish price action, RSI divergence) before entering long positions.
Possible Trade Setup:
Entry: Around $2.5310 (Breakout).
Stop Loss: Below $2.2568 (Bottom of Wave 2).
Take Profit: $3.51 (Projected Wave 5 target).
Position size: 1-3% of your capital
"Patience pays. Wait for the pullback, not the hype."
โThe four most dangerous words in investing are: 'This time it's different.'โ โ Sir John Templeton
โ ๏ธ Disclaimer
This analysis is for educational purposes only. Always manage your risk and seek professional advice before trading.
XRP - Looking GoodHere is an update to our last post.
After more market structure has developed, XRP looks to be positioning itself well. The pattern we outlined has recently broke to the upside. After testing the 0.236 as sell pressure, price revisited our white trendline and it looks like we flipped that level into new support.
If we can start seeing 4H candles close above that 0.236 level then price will revisit that last high. If we can break that last high we should see our 1.618 fib extension reached which sits around $3.50-$3.60.
If the 2.4308 level breaks with confirmation, I will open the poAnalysis:
Entry Trigger: Break above 2.4308.
Stop Loss: Below the upward trendline, around 2.3880โ2.3811 (red zone).
Take Profit: Targeting 2.4847 (green zone), with the potential to extend to 2.5157.
Risk-Reward Ratio: Favorable setup with a balanced R:R structure.
The RSI at 65.78 indicates momentum is still strong but approaching overbought levels. The volume needs to support the breakout for confirmation.
XRP WHICH WAY? (EARTHTRADER ANALYSIS)With overall market bearishness, we could see Ripple move down to the external range liquidity region after its initial unwillingness to settle there but rather move up to claim more orders at the order block. As you all know, I deal mainly with scalps and intraday, this is a good 3.3RR!
I have drawn outlines for possible entry, exit, and stop out orders. I based my entry on the order block created in the 1H timeframe, and still on that timeframe we see our entry at the golden zone called O.T.E which will mark our confluence. O.T.E, Bearish OB, Premium sell, Liquidity sweep all used as our confirmatory confluences. Only an institutional news will render this analysis invalid.
LEAVE A FOLLOW!
XRP/USDT:$XRP/USDT:
The daily chart indicates a corrective downtrend within a descending channel, with potential support tests at $1.8890 and $1.6 before resuming an upward move. If a rebound is confirmed, the price is expected to target $2.8 and the final target at $3.3450. Risk management is advised with a stop-loss below $1.5