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XRPUST trade ideas

My plans regarding xrpWith Bitcoin hitting new ATHs we see some momentum building up in XRP. Last cycle when Bitcoin crossed it's ATH XRP exploded by something around 170%. May not happen so quickly again but the charts are pointing to more upside. Presenting the chart and a trade idea that displays a position that i'm in already. Got a slightly better entry with over 2 cents in profit at the time of writing it. I think that the recent drop to 0.5386 could've been the last correction move before a long term breakout to the upside. Even with this entry R/R ratio is at 1:2 so it is a trade that's worth taking from this perspective. Personally I'm hoping for a greater move that will potentially push XRP above the highs from the last cycle. With violet colour I've marked the price ranges of XRP that I will be using to take advantage of corrections and breakouts in order to secure the best entries and exits as I'm managing this position. Good Luck
Long
by eryklct
XRPUSDTUpward Trend on the Weekly Timeframe: If the trend is upward on the weekly chart, it indicates that the market's overall direction is positive, suggesting that the price of the asset may continue to rise in the long term. Inverted Head and Shoulders Pattern: This pattern is considered a bullish reversal pattern, typically signaling the end of a downtrend and the potential start of an upward movement. A break of the neckline gives a strong signal that the price is likely to rise. Neckline Break: A strong break of the neckline is a strong indication that the upward trend has begun. Price retests of the neckline (i.e., the price coming back to test the level) are a natural occurrence after the break, allowing the market to confirm the strength of the breakout. Suggested Buying Zone: As you mentioned, the buying zone between 0.62$ and 0.57$ could be a good entry point if the price returns to test this area after the breakout. This would be a significant buying opportunity if the price tests this zone and then bounces upwards. Another Buying Zone: between Stop Loss : 0.48$ First Target (Easy) : 0.8413$ _ 0.8433$ Second Target : 0.9543$ _0.97$ Thired Target : 1.70$
Long
by IbrahimTarek
1
XRP PULLBACK TO 0.68After a long few days of pumping the XRP pullback is about to initiate itself back down to levels where whale investors are looking to make entries. 1. Current Price Level and Trend: The price of XRP has been in an upward trend, with a series of consecutive “Buy” signals and a few “Sell” signals, suggesting bullish momentum. 2. Indicators Overview: • Moving Averages: The price appears to be above the moving average lines, supporting the uptrend. Moving averages can act as dynamic support levels during pullbacks. • RSI or Stochastic Oscillator: This indicator, likely a Stochastic Oscillator or RSI, appears in the bottom section and shows oscillations with lines near the overbought region. If it’s nearing or exceeding the overbought threshold, it could indicate that the asset might soon pull back. • MACD (Middle Indicator): The MACD indicator shows a crossover upwards, indicating recent bullish momentum. However, if it diverges from the price action or shows signs of crossing downward, this could signal a weakening trend and potential for a pullback. 3. Volume: There is a noticeable increase in trading volume during the latest price rise. High volume combined with upward price movement typically supports the trend, but if volume suddenly decreases while price moves upward, it could signal a loss of momentum and potential pullback. 4. Support and Resistance: The chart has defined horizontal lines which may act as support or resistance levels. The price is currently near a recent high, which may serve as a resistance zone. If the price struggles to break above this zone, a pullback to the nearest support level could occur. Summary for Pullback Potential: • Indicators in Overbought Zone: Indicators nearing overbought levels signal caution for a pullback. • High Resistance Area: If XRP struggles to break recent highs, it may retrace to lower support levels. • Volume: Watch for any decrease in volume during the next price movement up, as this could indicate a weaker rally and potential for a pullback. For confirmation, monitor these indicators closely on the next few candles and look for any bearish divergences or weakening momentum to gauge the likelihood of a pullback.
Short
by HabshaCrypto
XRPUSDT Breakout Alert! After 3 Years of Consolidation!BINANCE:XRPUSDT is currently breaking out of a long-term consolidation box after nearly three years of sideways movement. This breakout from key resistance levels signals a potential uptrend that traders have been eagerly anticipating. The recent price action, combined with increasing volume, suggests a strong bullish momentum that could drive prices higher. BINANCE:XRPUSDT Currently trading at $0.69 Buy level: Above $0.67 Stop loss: Below $0.49 Max Leverage 3x Always keep Stop loss Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts
Long
by GreenCryptoTrades
XRP to $10? Let’s Hope SoCRYPTOCAP:XRP XRP CRYPTOCAP:XRP to $10? Let’s Hope So! 🚀 A quick and perhaps surprising observation: In XRP CRYPTOCAP:XRP 's 2017 bull run, it surged by 57,000% (570x), and in the 2020 run, it increased by 1,000% (10x). However, keep in mind that this 2020 rally faced the headwinds of the SEC lawsuit, with XRP being delisted from major U.S. exchanges, leading to a -75% drop. Now, imagine if the lawsuit hadn’t happened—where could XRP’s price have gone? When Could #XRP’s Major Rally Happen? A big rally could be on the horizon once Bitcoin corrects after breaking its previous all-time high. This pattern has historically paved the way for altcoins like XRP CRYPTOCAP:XRP to see massive gains.
Long
by VIPROSE
XRPUSDT: Consolidation and Potential Breakout SetupXRPUSDT is currently trading around 0.5475 USDT, facing downward pressure from a long-term descending trendline. The price has tested this trendline several times, indicating a strong resistance level that has yet to be broken. A support zone (highlighted in blue) around the 0.5328 level has held strong, suggesting a consolidation phase within this range. If XRP can maintain support and consolidate further, a breakout above the trendline could set the stage for a bullish move, potentially targeting 0.60 USDT or higher. However, if the price fails to hold the support zone, we may see a pullback to lower levels. Traders should watch for a clear breakout from this descending resistance or a confirmed hold of the support to determine the next move.
Long
by Sanhara
2