Xrpusdlong
XRP: Sunny Upside Potential 🌞 BTC & ETH: Following Suit? 🤔The weather is tropical 🏝️ – very bullish 🐂 with some upside potential – for Ripple today, boosted by signals that the judge in charge may rule in XRP’s favor in the US.
Sunny weather is ahead with a couple of scattered clouds ⛅️ for Bitcoin and Ethereum 🚀, in the next 24 hours, according to ATTMO, a weather-inspired crypto AI forecasting tool. This means that a slightly bullish market with upside potential is likely. 📈
Cardano, Polkadot and Binance Coin also have some upside potential.
📆 Over a one-week horizon, both Bitcoin and Ripple are likely to be trading in a bearish market 🐻 with downside risk.
Stay informed! Follow us for more updates and insights on the evolving crypto landscape. 🔍💼
Ripple's [XRP] price reversal highly likely at this supportPrice action hit the bullish order block (cyan) at $0.4495 - the support has proven steady since the second half of April. A pullback retest and confirmed uptrend could rally the pair toward the bearish order block (OB) at 0.4800.
A session close below $0.4385 will be an invalidation.
RSI hit the oversold zone while OBV dipped - confirming the current selling pressure.
Entry: $0.4495 (bullish OB)
Target: $0.4800 (near the bearish OB)
Stop-loss: $0.4385 (below bullish OB)
R:R - 2.9
XRP ARMY💂♂️ XRP Accumulates, Rally Next?BINANCE:XRPUSDT
Hi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
As you all know by now, I'm a huge fan of XRP. The fundamentals are promising, and I've done a number of posts on these. However, today's analysis is a quick look at where we are in terms of the MAcro cycle on XRPUSDT. We take a look at trendline analysis, support zone and resistance zone, Fibonacci as well as the new CryptoCheck START V3.5 Indicator to give us an idea when we might expect to see a parabolic run on XRP.
The XRPUSD chart is self explanatory and in it's complexity, it's actually pretty simple : Buy LOW, sell HIGH. Don't be greedy, take profits.
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XRP has RETESTED biggest trend line on the chartXRP has been stuck under this top trend line since its high at 1.80 formed 2 years and 13 days ago. XRP has been chopping its way up through all the top trend lines you could draw, until it reached the TOP top trend line. This is the first time XRP has successfully broken out and retested every major trend line since this downtrend started. There has not been a single time in history where XRP did this, and did not proceed to make new highs soon after.
XRP to break to the upside?XRP - 24h expiry - We look to Buy a break of 0.4841 (stop at 0.4681)
We are trading at oversold extremes.
Daily signals are mildly bullish.
Bullish divergence is expected to support prices.
A break of the recent high at 0.4830 should result in a further move higher.
We look for gains to be extended today.
Our profit targets will be 0.5241 and 0.5301
Resistance: 0.4620 / 0.4700 / 0.4830
Support: 0.4520 / 0.4400 / 0.4300
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XRP on way to 0,64-65XRP is probably on its way to 0.65 very soon, we will see if there is a retest, trade safe, there is always a risk of a reversal and that summer will come. Especially with Altcoins, there may be testing of lower positions or a double bottom. lots of places were never tested again. Take care and always SL
XRP to continue its ascentA few weeks back, I bought XRP at 0.4 with a 0.55 target and after the target was reached I decided to wait and see.
With the price consolidating under the resistance but very stable above 0.5, I'm considering a new buy with 0.9 this time.
In conclusion, I'm looking to buy dips close to 0.51 in anticipation of a resistance break and acceleration to the upside.
A drop under 0.47 or so, would negate my bullish scenario
Could XRP get up to $800?????Sounds just like the 589.......CRAZY and unthinkable until it happens. I heard that HKEX:800 price prediction from zack rector in youtube.com www.youtube.com and I rushed to the charts to discredit such claim. For my surprise the HKEX:800 isnt out of the long term channel XRP has been since 2013. If XRP gets up there, it would be the third time to reach the top of the channel. IF you havent seen this www.visualcapitalist.com
You will then see the possibility of crypto numbers getting NUTS.
🔮🔥XRP - Critical Levels to Watch🔥🔮What's up traders!👋
In today's breakdown, we cover one of our favorite altcoins in XRP.
Let's cut right to the chase and dive in...
CHART KEY:
Supply: 0.523-0.529 (red zone)
Demand: 0.492-0.501 (green zone)
Other key levels: 0.511-0.514 (grey zone)
XRP has clearly slowed down since our last analysis on it and has been trading inside this channel between ~0.49 and ~0.53 this whole week.
Our original plan of avoiding any substantial downside play is still valid since we have continued to hold demand around ~0.49
The true risk to reward remains on the upside still with demand at 0.492-0.501 holding up. We would need supply at 0.523-0.529 to be broken for a high conviction / big move.
However, shorter term short plays are valid now that we have identified this channel and seen the strength of it - all we need to do is be cautious of shorting into demand and longing into supply until either of those levels are broken with conviction.
We are currently trading in a key zone between 0.511-0.514. We need to be cautious of this zone if we're bullish and cautious of demand below if we're bearish.
✅ Bullish Case: you want to see price break past this 0.511-0.514 zone, pull back into it, show that it will hold this level and find strength here for a move past or into supply at 0.523-0.529 again.
Or you want to see price pull back into demand at 0.492-0.501 again, support build up again for a move back past or into this ~0.511 zone.
The big upside play would be to wait for supply at 0.523-0.529 to be broken and have it become new demand if it pulls back and finds support there for possibly a big move into the highs from a couple weeks ago.
🟥 Bearish Case: you want to see price reject this 0.511-0.514 zone, pull back into it, show that it will hold resistance here and find weakness for a move back into demand at 0.492-0.501 again.
Or you want to see price approach supply at 0.523-0.529 again and reject for a downside move.
The big downside play would be to wait for demand at 0.492-0.501 to be broken and have it become new supply on a pull back.
So what do you think? Where is XRP headed? Boost and comment your thoughts below!
We'll see you in the next one
-The AlgoBuddy Team
Will XRP outpace Bitcoin over the long run? There was an article where the Ripple CTO said that a critical driver of performance for XRP is based on the number of units in circulation and the price. To me, this does not make sense compared to Bitcoin.
coinpedia.org/ripple/ripple-cto-unveils-key-drivers-for-boosting-xrp-price/
I feel XRP could outperform Bitcoin over the long run once Ripple settles with the SEC in their lawsuit. This is based upon the interest in XRP with institutional interest in it as Ripple was founded by a consortium of banks. I could be wrong, but I'm just looking for an opinion on this.
XRP - Where are we headed?📈📉In today's big brain analysis, we'll be breaking down the infamous altcoin XRP. Let's dive right in...
XRP seems to have slowed down at long-term supply levels kicking in around ~0.58 which is exactly what we want to see for a healthier continuation of this 2023 rally.
The crypto market as a whole has shown a lot of resilience throughout last year so it would not be wise to enter any substantial downside plays in this market, at least until ES and NQ break major demand levels to show a potential new low coming.
With that being said, we rejected the key supply at ~0.58 on 03/29/23 and are yet to retest that level.
It is very possible that this supply level will hold up for a significant amount of time.
However, the weakness in the last 10 days gives us a nice pullback for continuation to the upside off of this ~0.49 demand zone.
Our main watch should be longing for the retest of supply at ~0.58 until demand at ~0.49 breaks.
It is also important to note that volume during the last few days has been very low which explains why we haven't gotten a significant move during this period.
Bullish Case: you want to see this ~0.49 hourly demand hold, volume to start building up here, and strength off this demand to retest hourly supply around ~0.58
Bearish Case: you want to see volume kick in on the downside and break hourly demand at ~0.49, show further weakness, and look for a retest of ~0.49 for further downside
As always, NONE of this is financial advice. Trade, and invest at your own risk. This is for educational and entertainment purposes only, and we are in no way shape or form financial advisors.
Eyes peeled out there team. See ya in the next one.
XRP USDT Bigger PictureXRP USDT Bigger Picture
RIPPLE vs SEC is going to be the game changer in coming weeks.
Charts tell massive growth in XRP but from the point i mentioned the buy from.
Always DYOR before investing