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XRP / TetherUS

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XRPUSDT trade ideas

A Short-Term Dip to $2 on the Horizon?Hello, dear friends! 🫶Let's take a look at the latest analysis of XRP. Based on the current chart patterns, it seems we might see a short-term price drop to the $2 level before the next potential move unfolds. Looking at the chart, we can observe that XRP is currently facing resistance at higher levels, with selling pressure keeping the price from breaking out. The structure suggests a potential retracement towards the $2 support zone, which aligns with historical price action and key Fibonacci levels. This correction could provide a fresh opportunity for those waiting to re-enter the market or add to their positions. However, it’s crucial to watch how the price reacts around the $2 mark, as a strong bounce could signal the start of a new upward move. As always, patience is key in trading. If the price does dip to $2, it could serve as a foundation for the next bullish leg. Stay cautious, manage your risk, and keep an eye on the updates! Thanks for Your support, and let me know Your thoughts in the comments! Sincerely yours, Kateryna🩷
Short
by RocketBomb
3
Rising Wedge (2H) - Wait for confirmationHi there, This is my updated analysis on XRP, I believe the price is forming another rising wedge in this small bull flag, I believe this is the last wedge we'll see before attempting to break ATH. I believe the price could re-attempt the pennants resistance which would be $2.43-$2.44 where I think it'll be rejected. I think this would be a good idea for a short entry around this area. The broken wedge would then break down upon rejection heading for $2.19-$2.22. Price could also wick lower down towards $2.08. Please bare in mind that there could be chance of more rising wedges forming on price decreasing as we're in a bull-flag, it's normal. Conspiracy side: CTO @ Ripples recent tweet showing direction. Coincidentally after this post the price dropped significantly, the next arrow shows more sideways down movement then sideways movement to which it eventually goes up. Brad Garlinghouse also met with Trump this evening which could signal there is potential deals being made behind the scenes. Confirmation will be a bounce from the white resistance line that I have drawn to the support level also identified in white. A bounce from the support would signify that this pattern is in play. Trade with care. Patience is rewarded. DO NOT enter until there is confirmation. I am looking for entries around $2.19/$2.22 or $1.96/$2.08 - a big area to cover but who knows when a breakout is imminent. Thank you for taking time to view my analysis, feedback is greatly appreciated.
Short
by mithianmee
1
Inverted H&S (8H timeframe)Hi there, Would anyone be able to confirm this pattern? The exact same pattern is forming on CRYPTOCAP:BTC graph. It's more predominant on the 12H graph. Could this be the breakout that we're looking for? We need more time to confirm the pattern is at play and we would need a break above the neckline which is sat around $2.6. This would also mean a retest of the resistance at $2.49-$2.51 to which I believe will be broken which also means breaking out of the pennant. If this is the case XRP could be looking at $4.9 by 21st January which is Trumps inauguration. There is a lot of volume coming in the last few hours, please trade carefully. I myself have taken losses due to the extreme volatility. Thank you for taking the time to look at my post. If anyone has any feedback/input please feel free to share, all insight is appreciated.
Long
by mithianmee
XRPUSDT 12H : Bullish guards FOR AltcoinsHello, good afternoon We are trying to have daily analyses again. First, XRP is popular these days. I have identified two movement paths that I think are more bullish. Let's not forget that the dominance of altcoins has taken a downward trend on its left. SecondChanceCrypto ⏰ 7/Jan /25 ⛔️DYOR Always do your research. If you have any questions, you can write them in the comments below and I will answer them. And please don't forget to support this idea with your likes and comments.
by Secondchancecrypto
can this be the Ultimate movement for Ripple?BINANCE:XRPUSDT if we put elliot waves on Ripple's chart, we can understand that the price is in the 3rd elliot wave! cause the past 2 movement has been completed. I expect that XRP would reach 5$ in mid term so here is what I think the movement would be! ⚠️ Disclaimer: This is not financial advice. Always manage your risks and trade responsibly. 👉 Follow me for daily updates, 💬 Comment and like to share your thoughts, 📌 And check the link in my bio for even more resources! Let’s navigate the markets together—join the journey today! 💹✨
Long
by CRYPTONIC_trend
XRP → Consolidation before the breakout and rally ↑BINANCE:XRPUSDT has been in consolidation for a little over a month after a strong rally and this is a good sign indicating that there is still strength in the market. And as we know, consolidation at some point turns into distribution The symmetrical triangle in our case has the character of a consolidation pattern, the purpose of which is the continuation of the trend. Buyers are aggressively defending the support zone, forming a cascade of levels. But more remarkable concerning the pattern is the consolidation 2.5 - 2.337, which is formed near the triangle resistance. Consequently, we can assume that the market is accumulating strength to break the resistance. Fundamentally, the project has very good prospects after a long and protracted winter. Trump's victory and the changes provoked by him have a favorable impact on Ripple. Resistance levels: 2.5, 2.73, 3.05 Support levels: 2.337, 2.2, 2.00 Accordingly, the realization phase will start after breaking the resistance of 2.5. Thus, we can assume that the exit from the accumulation will be upward, which can also be helped by a bullish and growing bitcoin. Regards R. Linda!
Long
by RLinda
2