Get started

Xrpusdlong

🔮🔥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
by QuantVue
2
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.
by bryandowningqln
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.
by QuantVue
8
XRP: Priming for a move Here I will attempt to document a price action plan and trade setup focusing on XRPBTC pair. DAILY STRUCTURE - From my observations, price has come down to fill an imbalance, located at left of chart, signalling liquidity injecting into the market, usually i have noticed that XRP can wick into an area to test that area then go towards it which leaves no imbalance area. (See yellow markings) - It wicks first, then the liquidity injects to that level and perhaps breaking it, i suspect it is wiping orderbook clean by wicking, then it is easier to inject the liquidity for the desired result. XRP does move differently, but we can use the basic strategies in order to try and position ourselves utilising BTC to XRP trades. DAILY MOMENTUM - Trend perspective - Daily OVERWATCH printed a clean divergence before this pump equalling 37%, 1BTC = 1.37BTC. Nice. Aswell after this pump candle, the MFI came down and bounced while price bounced of the TM scalper levels which could have been a nice entry in itself equalling 19%. OVERWATCH has not reached its upper levels on the daily yet, will look to do 4hr analysis next, but looking at the daily, down at 0.000016 level at this point would be a bounce off the tm level is current optimal entry zone for daily. H4 STRUCTURE : Have zoomed out so one can really follow the structure here, please appreciate what i am sharing, no deletion or movement of key levels and structure to obscure what I am showing. You can follow from left to right the price movement pattern, zig zag. H4 MOMENTUM - Trend perspective - H4 OVERWATCH is topping out aswell as MFI (Bottom pane), we will need at least two good candles pushing above this BOS - H4 level for a valid breakout, and then, after that happens we will await the pullback for an entry. Until we get a rejection at this level, or a breakout, this is all i can say for now. Any comments welcomed. I will update the chart each day if Price action requires until we take an entry and we are only looking for LONG positions within this thread. EG: Switching BTC into XRP for increased BTC holdings.
Long
by TraderE9
XRP/USDT Monthly analysis Bullish??I've been keeping an eye on XRP for some time now.. and I expect it to be around $0.55 in 1 or 1.5 months, for a long-term buy. for a shorter-term approach (1-1.5weeks), I would be looking at $0.45. And in any case price shouldn't be falling below $0.33. As far as my analysis goes, I would say, it should start to act bullish just around this week. XRP bounced back up 2 times in the past months, with that in mind, it gained more momentum upwards. Hence making it suitable for XRP to create a bullish trend earlier than I would have anticipated. I will be looking for more specific setups to buy, as the price rises. I am not an expert, and this is not a financial advice, please always do you own analysis before taking a risk.
Long
by Kivvwi
XRP - OK! THAT'S CRAZY! One of the biggest trendlineHi, this is my new update for XRP. We are now under one of the biggest trendline in the history of the cryptocurrencies for 672 days, almost 2 years (that's crazy) and at the same time we have a downtrend in RSI also. We have tested this trendline 14 times and I expect we are going to break it really hard and once we do that we are ready to takeoff because a lot of traders are waiting for this moment, but they don't understand that once we break it, everything in XRP is going very fast, that they don't get the time to buy it, like we have seen before. We have beautiful support level between 0.2950 - 0.32$ and if this breaks then things will get little bit to ugly. We have also very big resistance between 0.52 - 0.58$ and it has held us below it in the last 2 years, but I expect once we break both the trendlines in the chart and RSI, then the resistance is not going to be a problem.
BITSTAMP:XRPUSDLong
by GOAT1375
12
XRP LONG TERM PLAY Road to $1.5+ This is one of my nicest charts right now. It looks best in the Monthly timeframe chart as Stochastic is bottomed. We can see a clear trend resistance so we are likely to break at point #3. Possible targets are provided. Observations: -Monthly chart looks best so I am using the monthly chart as my guide. -Buy entry is whale accumulation. -Ever since May 2022 whales have been massively accumulating and XRP has been trading sideways which proves it. -Bit community and believers so when it decides to pump it will likely go up with strong force as this is a MONTHLY chart which makes it even stronger and better. -STOCHASTIC looks bottomed on the monthly(what comes down has to go up) -MACD looking like trend change and accumulation.
Long
by CryptoGao1
XRP : Whales Asleep, Bears defend $0.55 Hi Traders, Investors and Speculators of the Charts 📈📉 If you've been following me for the past year, you'll be well aware that I am notoriously bullish on XRP. However, today's analysis on XRPUSDT is focused on the price for short term, and for that I like to pull up the technical indicators RSI, LSMA, EMA and Momentum. My favorite indicator, the Phoenix Ascending, points to more possible upside price action for the immediate term. However, it's also noteworthy that the buying pressure is running out, as observed on the momentum. Usually when XRP rallies, it shoots through 2 - 3 resistance zones. We're currently struggling to capture the first one above, so it may seem that this is not the candle that's going to go parabolic. For now, candles need to keep closing above the BLUE zone, which is now the support zone. Here's a quick look at XRPBTC . Overlaid in this chart is the XRP line chart and the BTC line chart. We can see that XRP is overdue to gain some grounds on BTC and from past scenarios we can tell that when it finally does, it will be a facemelt. It's also important to note that XRPUSDT is prone to pump and dump and can act very wicky therefore the best strategy is to have your targets pre-set for TP. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Long
by CryptoCheck-
26