XRP technical levels fade while freefall to $0.65 beckonsRipple has embraced downward price action since the beginning of June. The international money transfer token crashed from $1.71 to $0.65 in May but recovered to highs around $1.1 at the beginning of June.
In the last week, the overall general outlook in the market has seen XRP bulls fight a losing battle. Initially, buyers focused on gains above $1, but the barrier at $1.1 only got them exhausted.
Meanwhile, the aggressive bearish wave in the market, especially this week, forced Ripple to explore the rabbit hole. Support at $0.9 and $0.8 did little to halt the declines; thus, XRP revisited a previous anchor at $0.78.
Ripple's technical picture adds credence to the bearish outlook
Many analysts believe that this a bear cycle and that Ripple may drop further. The short-term technical outlook confirms this narrative. For instance, the Moving Average Convergence Divergence (MACD) continues to dip inside the negative region. Additionally, the MACD line (blue) recently crossed beneath the signal line, a critical bearish signal.
Similarly, the Relative Strength Index (RSI), a technical indicator tracking the trend of an asset and measuring its momentum, reinforced the bearish tightening grip. Another approach in the oversold region shows that sellers have the upper hand.
For now, the path with minor hurdles is downward. Hence, immediate support between $0.78 and $0.8 is crucial for the bulls to resume the uptrend. However, another swing south might bring XRP near the primary support in May at $0.65.
Ripple intraday levels
Spot rate: $0.84
Trend: Bearish
Volatility: Low
Support: $0.78 and $0.65
Resistance: $0.9 and $1
Rippleusd
XRP CLEAR FOR TAKE OFF NEXT MONTHI have posted many times about XRP going to the moon
And yes we are still poised to break past all time highs... but I have mentioned before PATIENCE IS KEY
It dawned on me yesterday night and here are my theories that NOBODY IS TALKING ABOUT and why XRP is not going to moon until these things happen
- SEC CASE: This case is being pushed back on purpose for 1 reason only "JED MCCALEB"... Ripple knows if this case gets settled quick the price will shoot up when its relisted
- JED McCaleb - He still owns millions of XRP and do you really think ripple wants their price to be $13.00 a coin and he is cashing in on that? Keep in mind he started XLM which is Ripples competitor
My predictions have changed drastically after realizing this meaning Jeds XRP holdings should be finished by this summer which lines with up the monthly chart.
HOW THIS PLAYS OUT
Currently sitting on a Red Candle, when this candle closes and forms the next one it should be green.
July's candle closes green that will confirm bullish momentum,
Then in August as the candle retraces Jeds XRP should be completed and August monthly candle should shoot up to ATH and by the end of 2021 hit $13-$30 a coin
#CHESSNOTCHECKERS
Stack now or forever hold your peace
Monday: RIPPLE PART 2 - week 23Ripple is not really going anywhere, it just keep correcting. The structure is making flat-structures, but they are all very short-term setups, and to take advantage of these opportunities it's all about timing, and being able to enter and exit positions quickly and swiftly. It's hard to update these trades and ideas in real-time here on tradingview, but if you understand market structure, then you understand how to adapt and identify to the market structure scenarios unfolding and you know how to take advantage of them.
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the support!
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Monday: RIPPLE - Week 23I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the support!
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RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
XRP - Bearish Short TermXPR on the 8HR time frame has had candles close bellow the "Ascending lower trend line" breaking this symmetrical triangle. If the price falls and closes bellow the pivot level of $0.88 then it will start forming lower lows instead of higher high's pattern previously.
$0.82 is a crucial key level of support when zooming out & viewing other larger time frames. We must hold above this to remain bullish short term.
$1.05 is currently our key level of resistance that the price action struggled to break. If XRP can break this then the price will head back to $1.30.
-Consolidation within the price of XRP has been moving slow recently inside the symmetrical triangle. So it's more likely XRP will drop slightly lower to retest previous zones, then have a huge uptrend breakout; maintaining bullish long term 2021 :)
XRP - Might Drop!XRP is obviously in a downtrend right now. This trend isn't that strong but it still makes it risky.
This coin is going down with a downtrend regression just like many other coins.
I'm seeing more drop coming because the price is getting closer to the Dynamic Resistance, and for breaking that it needs more Buy Volume, which we don't have right now. All platforms are showing that Sell Volumes are high.
My private indicators are also showing Sell Signals.
Fib and Bollinger are not showing anything strong either so you guys be careful buying this or opening long positions for now.
There is a support shown on the chart but it doesn't look that strong.
Current Market Price: $0.9375
Good Luck
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Ripple / XRPUSD: 15min and 1H Chart BUY opportunityHello traders! Watch out for the breakout of the flat-structure that is currently forming, a great buy-setup in the making. The probabilities are good that this will go up, but whether it's the start of the big up move or not is not something anyone can tell. As traders we have to adapt to different market scenarios, we deal with probabilities here. For now I see 2 scenarios, and I will trade according to those, until I see market structure doing something different. Trade with care!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the support!
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Ripple / XRPUSD: 4H ChartHello traders! Ripple is making bullish patterns, if we take a look at the daily chart, then we are able to establish a directional bullish bias based on the pattern (check out related ideas), we then take a look at the 4H and see that here we're also making a probable bullish pattern, therefore look for flag patterns (buy-setups). Trade with care!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the support!
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Ripple / XRPUSD: A very good opportunity Hello traders! There's a very good risk/reward opportunity developing in ripple at the moment. We have very clear and distinct patterns that are forming, these patterns repeat themselves and are a very good directional indication. Look for buy-setups on lower timeframes, trade with care!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
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Weekly Ascending Triangle XRPWe have another ascending triangle forming on the weekly timeframe, similar to the previous ascending triangle.
In the previous triangle, we had a breakout after the price broke resistance. I suspect the same will happen when we break current resistance of around $1.59.
XRP has bounced off the supporting trend line perfectly after the recent correction we had in cryptocurrencies. The price hitting the support line was also a beautiful backtest of a 3 year resistance. This signals that the bottom is in and we can expect price to slowly inch higher towards the new resistance line.
Bitcoins also made lower highs from the recent correction while its dominance continues to drop. This all signals that we are ready to move in to the next leg up with alt-coins joining in for a wild ride
XRP lags price action ahead of a 34% launch to $1.44Ripple scaled several resistance levels after the drop to $0.8 last week. The upswing coincided with another win bagged by Ripple Lab attorneys against the Securities and Exchange Commission (SEC) in the ongoing lawsuit.
The US SEC was seeking access to Ripple's communication records when it inquired about the sale of XRP tokens. Judge Sarah ruled to uphold Ripple's client-attorney privilege, dealing the SEC another blow.
Following the win, Ripple's price lifted above $1 and brushed shoulders with $1.1. However, the uptrend slowed down, forcing bulls to seek refuge at $1. Meanwhile, XRP has balanced price action at this level, while buyers look forward to a potentially massive breakout.
Ripple eyes extensive upswing on breaking key technical resistance
The international money transfer token is dancing within the confines of an ascending triangle. This popular and highly bullish technical pattern often forms within an uptrend. However, the pattern has a bullish impulse even when it appears amidst a downtrend.'
As the two trend lines converge, the consolidation nears an end. On the other hand, the ascending lows insinuate that bulls are getting stronger. A break occurs before the lines meet and is characterized by an uptick in trading volume. Triangles have clear breakout measured from the highest to the lowest points. For example, Ripple could swing 34%b higher to trade around $1.44 if the pattern on the chart matures as expected.
The sluggish price action is punctuated by the Relative Strength Index (RSI) and will likely last longer. Similarly, the Moving Average Convergence Divergence (MACD) indicator does not have a defined signal; thus, bullish and bearish forces seem to cancel out, explaining the consolidation at $1.
Ripple intraday levels
Spot rate: $1
Trend: Sideways
Volatility: Low
Support: $0.9 and $0.8
Resistance: $1.1 and $1.2
XRP: We might be replicating 2013-2017 period!As you know, i've published previously a couple of ideas on XRP (since february) talking about this curious arc trend (pink line) and how XRP has respected it through its rallies.
Besides XRP has found a strong support on a second touch on it (and probably the bottom), i noted that i was looking at the small pic of 2017 only in my previous analysis, but looking back further i could notice the similarity of the periods 2013-2017 and 2018- 2021 and here's why:
-Both periods of accumulation lasted : 3.24 and 3.38 years (so far) respectively
-the arc trend works the same way shaping the critical XRP supports when touching it
-The second strong touch marks the impulse for the breakout
Now if we are right, the next question becomes: would it also reach the crazy price % targets it reached in the first one? which might be around >200 dls?, sounds irreal but time will tell.
Interesting fact is that all the bull cycle from the 2017 breakout lasted 276 days (that's less than a year!), will this one be around that long?
*******Please click on follow for more charts on XRP and bitcoin!!********
XRP - 6h. Positive scenario only after consolidation above $1.07The weekend trading in the crypto market turned out to be quite passive. Of course, it is much more comfortable for investors to be in the market, which drifts without volume within the limits of consolidation, since the weekend of May 22-23 was the most depressive. However, for us personally, the situation with low volumes on a potential local bottom is somewhat alarming. Of course, on the one hand, this can be interpreted as exhaustion of sellers and stopping the downward trend. However, there are no positive signals from buyers yet. The current attempt at growth is taking place at low volumes and within the limits of consolidation may just as successfully fall down. We decided to start this XRP idea with just such an introduction, in order to lower the rose-colored glasses to those market participants who are 100% convinced that the correction has already ended. At such moments, we are as attentive as possible and monitor the critical points of trading instruments.
Ten days ago, we published a global XRP idea on a large timeframe, which is working out well at the moment:
Sellers were able to push the XRPUSDT price below the global trendline. The current attempt by buyers to bring the price back within the comfortable trend channel will be considered successful if the price consolidates above $1.07. In the range of $1.02-1.07 , sellers met serious resistance when the price fell on May 19. Therefore, taking control of this range by buyers will be a wonderful signal of their strength and ambition to continue to rise. In this scenario, we expect the first short-term target at $1.55-1.6.
If we look at XRPUSD on a larger timeframe, we see that this target is the first on the way to a possible renewal of the historical high:
A successful test of the range of $1.2-1.25 will be a signal to buy XRP. Having kept this range, in which the trend line will roughly pass, the buyers will confirm their serious intentions for the mid-term. In this case, we will expect a test of the historical maximum and even its probable renewal.
It is worth noting that when the price of BTC fell, starting from Friday, other coins behaved quite decently. Altcoin prices held up much better. Therefore, there is a high probability of the start of powerful new coin shots while the price of BTCUSDT hovers in global consolidation after the recent crash. For example, the XRPBTC chart also hints at this:
If we pay attention to the gray range, we see that during the last wave of growth, buyers are trying to take control of it by organizing consolidation there. In 2019, it was this range that stopped the XRPBTC trend for 8 months. At the moment, buyers were able to hold on to it and the way for a new upward impulse is open.
Therefore, despite some disappointment of the crypto market participants, we expect new local growth waves, however, we adhere to clear critical points and risks.
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XRP looks like it will run on top the next really! Look at XRP today. We are currently crossing our MA resistance and pumping our way higher to the next fibo resistance.
So xrp has in the lást months a lot of problems with sec. It looks like we will see some news in the near future regarding the lawsuit.
A good conclusion would instantly push the price to new highs. So keep in mind. we are up already 10%. Maybe cost average would be a good way to get the risk away.
As always have a nice day and leave a follow for daily news
XRP/USDT triangleXRPUSDT
The price has since hit the Fibonacci level
Move upwards and advance to the level of 1.272
And started to correct and now almost correct
It's over and now if the overall market trend falls again
Do not take it for granted that this currency is ready to break the ceiling of the triangle