RIPPLE - Price can little correct and then bounce up to $0.6800Hi guys, this is my overview for XRPUSTD, feel free to check it and write your feedback in comments👊
Recently price started to trades in triangle, where it bounced from support line and made strong upward impulse to resistance line.
Also, XRP broke $0.5930 & $0.6800 levels, after which it bounced from resistance line and in a short time fell lower $0.6800 level.
Later price declined to support level, bounced up, and exited from triangle, after which it started to trades in flat.
In flat price tried to break resistance level, but failed and fell back, thereby making fake breakout.
Now Ripple continues to trades in flat and I think that price can a little correct and then bounce up to $0.6800 level again.
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Ripple
XRP is getting ready to go to $1Hello SSE guys,
Ripple in the USDT pair has been create a triangle in the weekly time-frame and now it is ranging the supporting area around 0.65 to 0.55 cents.
If XRP broke out the weekly trend-line and triangle in the next days following targets are available : 0.77, 0.86, 0.92 cents
Ripple can exit from pennant, and then start to growHello traders, I want share with you my opinion about Ripple. Observing the chart, we can see that the price a few days ago price entered to upward channel, where it first declined to the support line, breaking the 0.5930 level, but soon rebounded back. After this, XRP reached the resistance line of the channel and then corrected, after which the price continued to move up to the 0.6400 resistance level, which coincided with the seller zone. But soon, Ripple rebounded from this level and fell to the support line of the channel, and then the price rebounded and made a strong upward impulse, higher than the 0.6400 level. Also, the price exited from the upward channel and later entered to the downward pennant, where it reached the resistance line and in a short time declined to the support level, which coincided with the support line of the pennant, breaking the 0.6400 level. Next, Ripple rebounded from this level and rose to the resistance level and tried to break it, but a not long time ago price rolled down to the support line. So, I think that Ripple can break the support line, thereby exiting from the pennant and falling a little more. After this, the price can start to move up to the resistance level. For this case, I set up my target at this level - 0.6400. Please share this idea with your friends and click Boost 🚀
HelenP. I Ripple can reach trend line and try to break itHi folks today I'm prepared for you Ripple analytics. Some days ago price rebounded from the 0.6000 support level and started to rise to the resistance level, but soon it corrected. After correction, Ripple rebounded from the support level again and made impulse up to 0.6550 resistance level, which coincided with the resistance zone. Soon, the price broke this level and reached a trend line, where it around down and later started to decline in wedge. Inside the wedge, Ripple broke the resistance level again and then declined to the support level, which this moment coincided with the support zone. After this, the price at once bounced and tried to rise, but failed and recently fell back to the support level. Also then, XRP rebounded from the 0.6000 level and now it trades close to the trend line. Possibly, Ripple can reach the trend line and try to break it. After the breakout, the price can retest the trend line and then continue to grow. That's why I set my target at the 0.6000 level. If you like my analytics you may support me with your like/comment ❤️
XRP Encountered a Strong ResistanceFollowing a significant surge, XRP encountered a strong resistance in the $0.660 price zone. At this juncture, sellers entered the market, leading to the loss of momentum by buyers (supporters of the upward trend). This development initiated a major downward trend, with the price falling below the $0.6150 support level.
Should the buyers manage to regain their strength and sustain above the $0.660 resistance level, there is a potential for a renewed uptick, moving the price towards the next resistance level at $0.710. The continuation of this upward trajectory could lead the price towards a higher resistance level of $0.750.
However, if XRP fails to breach the $0.625 resistance level, it could indicate the beginning of a new downward trend. In this scenario, the first significant support level lies in the $0.580 price area, where a breach could potentially lead to further declines in price as sellers gain control.
This analysis is for informational purposes only and should not be considered financial advice.
🌟🔍 Ripple's (XRP) Current Position in the Market 📈💧
🔺 XRP in an Ascending Channel: Ripple (XRP) is currently moving within an ascending channel in the weekly timeframe.
📉 Break of Long-Term Downtrend: About 260 days ago, XRP broke a long-term downtrend line, shifting its movement to a bullish trajectory.
🔻 Current Daily and Weekly Patterns: In the daily timeframe, XRP formed a lower high, and in the weekly timeframe, it failed to break the previous high and reach the channel's upper boundary.
🚩 Overall Outlook: These factors collectively are not strong indicators for an imminent bullish surge.
🛒 XRP Buying Strategies:
Wait for Entry in the Blue Box: The first strategy is to wait for XRP to enter the blue box around $0.53, looking for strong signs of support and an upward confirmation.
Entry Post $0.6738 Breakout: Alternatively, consider entering after XRP breaks through the $0.6738 level.
🔐 Holding Strategy for Existing XRP Holders: If you already own XRP, it's advisable to continue holding as long as the ascending channel remains intact.
🎯 Initial Target for Upward Movement: The first target in case of an upward trend is set at $0.8685.
🔑 Related Categories:
Ripple Trend Analysis
Channel Patterns
Entry and Exit Strategies
📣 What's your strategy for XRP in the current market scenario? Are you holding, waiting to buy, or exploring other options? Share your thoughts! 💬🌐 #XRPMarket #CryptoStrategy #TradeCityPro
📚 Remember: Cryptocurrency trading involves significant risk. Make sure to stay informed and manage your investments wisely! 🧠💼
📉 XRP'S QUICK FALL! TUNE IN! IMPORTANT 📉📉 Hi! Thanks for coming by as always! You already know what we're all about, gonna dive into things real quick and keep this shorts simple for you guys, I'm sure you all have more than enough going on likewise so let's get to what we need to know!
📉 Following up from my last post in which we pointed out some scenarios with the bearish scenario looking more likely as we we're last pointing on the fact that XRP was struggling to break 0.67 with low support from buyers amongst a mixed sentiment following a rather quick price hike over the week. The idea was ultimately finished with us putting down two points of support for 0.649 and 0.624 and if we take a look at our chart up above for the most recent data we can gather some quick data.
📉 I've added two number points with the 1 and 2 in the bubbles to point out the support point at 0.61, we can see how XRP plunged once it broke that 0.649 point below out horizontal level. That promptly sent the fall in perfect synchronicity to our 0.624 level. It's crazy, price went EXACTLY to the two support points I pointed out in the previous idea. Good to know our technical annotations are doing the job.
📉 Can see one of the major pushes here was the loss of the 200 EMA with us ultimately getting that mountain fall/exit out when we lost that 200 EMA in the quick sell-off most likely driven by a whale that wanted to see us break that 0.649 support. I've added a quick descending channel that did form which also contributed to the fall for analytical purposes. Ultimately this flash crash was likely the result of whales selling the news and possibly making money on some short positions as well, nothing unusual but now we simply watch for support.
📉 Watch 0.61 for that support though I see this being a much better point for support, we've also fallen quite a distance away from our 200 EMA so I wouldn't be shocked to see our chart start pulling back up to close the distance between the two soon enough but whether or not that happens will simply have to be seen. Leaving it at that for now but thanks for stopping by as always, really appreciate it and all the best till next.
~ Rock '
AMP providing good R:R for a 300-400% Bull Cycle Altcoin PumpAmp is an Ethereum token that aims to “collateralize payments on the Flexa Network, making them instant and secure.” If a BTC or ETH payment fails due to unconfirmed or long transaction times “the Amp collateral can instead be liquidated to cover losses” while the vendor receives payment in fiat, potentially providing greater assurances to both parties.
The Risk: Reward looks very good for bullish reversal out of the extreme bear channel.
Be disciplined and take profit whenever the Beta to Alpha pump has completed
🔥 EURUSD : this time BULL or BEAR ? (READ THE CAPTION)Based on the latest Euro/Dollar analysis, we can see that the price hit the 1.10000 target as expected, and after that, by collecting liquidity above this level, it faced a heavy fall and was able to fill the liquidity gap that we identified on the chart. tick and after that it has faced a slight increase in demand! If the price can maintain the support of the 1.06660 range, we will witness further growth of this currency pair, otherwise we have to wait for targets below 1.06560!
Please share your opinion about the possible trend of this chart with me and support us with your likes and comments.
Best Regards , Arman Shaban
💎 BTC: Bitcoin Will Reach $77,000 or $28,000 ? (READ Caption)With the new analysis of the Bitcoin chart in the weekly time frame, we see that the price, based on the analysis we had, finally managed to hit the target of $44,000 and even managed to record the price of $45,000! Based on my view on the chart, I have determined the important levels of supply, demand, possible targets, etc. that we will address! Currently, the price has reached the supply range of $44,290 to $48,300, as you can see, the initial reaction to this range was corrective! The first support in front of the price range is $35,630 to $38,430. If the price corrects to this range, we will expect an increase in demand! The next possible upward targets are $48,560 and $53,210, respectively, if the desired support is maintained, note that the price level of $53,210 is an important supply level that you can consider for the SELL position! The next mid-term targets are $57,700 and $62,300 respectively! If we want to look a bit more optimistic and long-term, the target of $77,000 will not be far from expectations! Note that this analysis was done in the weekly time frame!
Please share your opinion about the possible trend of this chart with me and support us with your likes and comments.
Best Regards , Arman Shaban
XRPUSD to move higher if breaks above falling wedge...GBPUSD
The price is currently above support/resistance structure, and price is currently attempting to break above the falling wedge, If price manages to break above the trendline I expect the price to move higher...
Trade Wisely
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
XRP looking confident above the top trendlineThat pink trendline is super clutch and xrp has closed a daily candle over it with confidence. Bodes well for a breakout confirmation imo. 3 current short term targets to hit here from 3 different patterns with the top one being 91 cents. I’m guessing the blue descending trendline will provide at least some initial resistance though.
Ripple ($XRP) Could Test Higher Resistance LevelsThe price growth of XRP has been relatively moderate compared to other altcoins. Since October 15, the asset has increased by 35%, yet it hasn't surpassed its annual high of $0.93, indicating potential for further growth.
Currently, XRP is approaching a critical resistance zone between $0.646 and $0.654. If buyers manage to break through this area, XRP could test higher resistance levels at $0.66 and $0.68. Successfully establishing above the $0.7 level could provide the necessary boost for the asset's continued growth.
XRP is currently trading above its 50-day and 200-day simple moving averages (SMA), indicating a bullish trend.
However, a short-term correction might push XRP down to the buyer zones of $0.61-$0.62 and $0.58-$0.60. If Bitcoin's price experiences a significant downturn, these support levels might be quickly surpassed.
💥 XRP NEWS AND THE BREAK OUT! 💥💥 Hope you guys are doing well today! It's definitely been a busy week as usual but I'm real happy to be able to get the chance to post today! And what a sight for sure! Sure most of you have already heard about the XRP news so we'll delve into that real quick alongside some technical. Thanks for tuning in!
💥 Got some pretty good news this week with Uphold announcing the launch of a self custody wallet which will be going by the name 'Vault'. The wallet will support the XRP token as well as offer features to enable users to access their wallets should they ever lose their private keys.
💥 To put that into perspective Uphold has over 10 million customers across 140 countries even operating in the U.S and making sure to keep in line with state regulators. With the wallet to be launched in Beta eventually other tokens will be integrated such as Bitcoin though the news along has been a great catalyst for XRP with us only being 3% away now from toppling Binance coin which in itself would be a significant feat.
💥 In my last idea I noted that we'd likely need a catalyst for XRP to gain some more ground as usual and with that news having come through now it's good to see the market reacting alongside analytics of new user account growth. I mean wow, we even had Roblox add in XRP as a support payment last month. Crazy to see XRP continue it's journey.
💥 We'll do a quick technical then below and end it off there after to keep things short for today. And below today's chart with the add-ons and everything from the last post we shared just to give reference to the fact that we haven't added anything new.
💥 Again the above is today's chart before we added anything else. And now here's today's.
💥 Nothing new has been added, we simply extended the consolidation channel and the horizontal levels are the same as ever, XRP simply sticks to the technical very well thankfully, can see that clear resistance at 0.65 with us having gotten rejected twice before forming that higher high on the 3rd attempt with the uphold news helping no doubt.
💥 XRP did break out from the consolidation channel over the couple days following that sort of tug a war with us managing to avoid losing the 200 EMA as volume spiked and a lot more buyers seemed keen to enter at higher prices thanks to news and a change in sentiment, no doubt from a range of factors.
💥 Looking like we'll have a tough time breaking 0.67 with resistance already hitting on the 2 hour though that seems more like exhaustion and a lack of buying power up here as buyers contemplate on whether or not to buy following the relatively quick price rally this week, no doubt we're at that level of hesitance and the main driver is sentiment understandably.
💥 I see bulls targeting 70-80 cents understandably though for that we may just need a bit more news as again, we're at the point of uncertainty. Already seems like we're possibly reversing some or hitting that retracement button following the big move amongst which I'll be keeping track of 0.649 and 0.624 on the horizontal levels for support. No direction today, we already know XRP is pretty volatile after these announcements and it'd be best to give things time to settle depending on your position.
💥 Leaving my thoughts there for now, I've got a lot going on today and I wanted to keep this short. Thanks for stopping by as always, I've linked the article in reference to the Uphold news below for any who may also like to check that out. Anyway that's all for now, thanks for stopping by as always and wishing well till next!
~ Rock '
Uphold Reference link:
www.theblock.co
RIPPLE - Price can bounce down of resistance line to $0.6000Hi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊
Recently price bounced from support line of triangle and made strong upward impulse, breaking two resistance levels - $0.5725 and $0.6670
After this movement, Ripple corrected below $0.6670 level, but soon backed up and rose until to resistance line of triangle.
Next, price declined lower $0.6670 level, thereby breaking it, to support level, which coincided with supports line of triangle and area.
Then XRP bounced from $0.5725 level and in a short time rose to resistance line, but a not long time ago it bounced down.
Now price trades near and I think Ripple can bounce of resistance line and start to fall to $0.6000, which coincides with support line of triangle.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
XRP ANALYSISRipple seems to be making a pullback swing to the upside. The larger structure is bearish and I only consider this a pullback to the upside.
By hitting the supply area, I expect a price rejection towards the lower areas.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
XRP Ripple Technical Analysis And Trade Idea NAS100Lately, XRP (Ripple) has demonstrated a strong upward trend. This video provides a detailed analysis of this trend, thoroughly examining price movements and revealing potential trading chances by extensively studying both weekly and daily timeframes. Anticipate a thorough assessment of price changes, market trends, trend analyses, and crucial technical analysis components. It's crucial to emphasize that the content presented here is strictly for educational purposes and should not be interpreted as financial advice.
Ripple's Metaco Floats Game-Changing Safety Tech With IBMRipple Labs-owned subsidiary Metaco has joined hands with IBM to create a major top tier tech for digital asset safety.
Ripple Labs’ wholly-owned subsidiary Metaco recently joined hands with IBM to introduce Hyper Protect Offline Signing Orchestrator (OSO), a new technology that will facilitate the deployment of cold storage for digital assets.
The Metaco and IBM Solution Deviates from the Norm
The launch of the advanced technology which was announced by IBM is targeted at addressing the requirements of top-tier banks and financial institutions. Markedly, the tool is a clear deviation from the conventional manual process of executing cold storage transactions. Moreso, it offers protection for high-value transactions by creating extra layers of security.
Other features of the IBM OSO are disconnected network operations, time-based security, and electronic transaction approval by multiple stakeholders. Per IBM’s announcement, “OSO is designed to address limitations of current cold storage offerings for digital assets, including the need for people to perform manual procedures for the execution of a cold storage transaction.”
Apart from all of the aforementioned features, Hyper Protect OSO breaks the communication barrier between applications that have been designed to not interact directly due to certain security concerns. Precisely, it provides a policy engine which acts as a bridge between these different applications, facilitating secure and efficient digital asset transactions.
More Proactive Partnerships
Metaco and IBM worked together with other entities to ensure that the newly launched tool is in alignment with client requirements. Metaco Harmonize provides a highly robust and secured orchestration platform for digital asset applications. At the same time, it intends to leverage this novel solution for its operations.
Adrien Treccani, founder and CEO at Metaco stated that it is the company’s responsibility to deliver cutting-edge digital asset security to Metaco clients, especially due to its position as a trusted provider of institutional grade custody infrastructure. Furthermore, Treccani acknowledged IBM’s reliability over the years as a partner.
The strategic partnership with IBM is one of Metaco’s numerous alliances to push advanced technologies and cryptocurrency. Standard Chartered’s Zodia Custody joined Metaco recently to roll out a new crypto custody solution. The offering gives institutions easy access to crypto storage and settlement, with complete security.
Ripple can start rising to resistance level, exiting of rangeHello traders, I want share with you my opinion about Ripple. Looking at the chart, we can see how the price a few days ago entered a downward channel, in which it broke the 0.6720 level and fell lower. After the breakout, the price declined to support line of the channel and then tried to back up, but failed and soon continued to decline. After Ripple fell to the 0.6000 support level, it rebounded and made impulse up. Price exited from the channel and started to trades in a range, where it at once declined until below 0.6000 level to buyer zon. But in a short time price backed up, thereby making a fake breakout and then a little rise. Later XRP corrected the 0.6000 level and then some time traded near this level. And recently the price a little rose again in range. that's why I think Ripple can make a small movement down and then rebound up to the 0.6720 resistance level, exiting from the range. For this case, I set my target at 0.6720 Please share this idea with your friends and click Boost 🚀