XRP Analysis: Waiting for MovementThe chart illustrates an important global pattern observed on the monthly timeframe.
Primarily, my bias is towards a downward trajectory, driven by a significant area of FVG (imbalance) below that has a magnetic pull on price.
One approach involves viewing trades within a triangular space at the corner marked by the blue line, using a clamping effect. However, it is critical to recognize the inherent risk of potential liquidity dumps on both sides.
A more conservative strategy involves aligning trades with the prevailing trend. This entails waiting for the pattern to move beyond its boundaries, allowing it to consolidate with confirmed signals before trading.
XRPUSDT
Ripple's Rise: Opportunities and Risks
The digital currency known as Ripple, currently trading just above the $0.50 mark per token, has garnered significant attention in the cryptocurrency space. Despite its momentary peak above $1 in 2021, its historical high remains a swift surge to $3.84 witnessed three years earlier.
As the functional token of the RippleNet international-payments network, Ripple's value has typically lingered below the one-dollar threshold. This prompts Ripple investors to speculate: Can we anticipate a gradual price increase in the coming years, or is a surge to $5 within reach in the near future?
While optimism surrounds Ripple and its token holders, expecting substantial price surges in 2024 may be unrealistic, and setting a $1 target for the next few years seems ambitious. The true potential for wealth accumulation lies in the long term, as RippleNet expands its global presence and garners wider adoption.
However, this optimism is tempered by several challenges that could impede Ripple's growth trajectory:
Legal Battles: Ripple's ongoing lawsuit with the Securities and Exchange Commission (SEC) poses a significant legal hurdle, with the outcome potentially unfavorable for Ripple. Regulatory hurdles from authorities in various markets could further complicate matters.
Centralized Architecture: Ripple's centralized structure, with Ripple Labs as the driving force behind the blockchain network, presents risks. Decentralized systems, embraced by major cryptocurrencies like Ethereum and Bitcoin, offer advantages such as enhanced security and community-driven governance, which Ripple lacks.
Competition: Other cryptocurrencies may outperform RippleNet in transaction efficiency, security, or innovative features, posing a threat to its market share.
Despite these challenges, several factors could drive long-term growth in Ripple's value:
Legal Developments: A favorable resolution to Ripple's SEC lawsuit could alleviate regulatory uncertainties and boost investor confidence.
RippleNet Expansion: RippleNet's extensive reach, spanning over 70 markets globally, positions XRP as a preferred liquidity provider in international transactions, potentially driving up demand and value.
CBDC Partnerships: Ripple's involvement in central bank digital currency (CBDC) initiatives worldwide could open up new avenues for growth, with partnerships already underway in countries like Palau and Bhutan.
While the road to a $1 valuation may be lengthy, Ripple's proactive approach to financial innovation and its expanding ecosystem suggest long-term potential. However, investors should remain vigilant, considering both the opportunities and risks associated with Ripple's journey. A cautious investment strategy will ensure a steady navigation through the evolving landscape of Ripple and the broader cryptocurrency market.
Our Idea:
XRP TO HIT $5>>> $50>>> $360>>> $3000 ??After so long since the last time I make crazy ideas (and some hit the marks, though I never said "I told you so" because I don't need anyone's validation.. I've done some tweaking with the latest data, it might seem a bit raw now and look like mumbo jumbo, but I genuinely think it's possible.. I feel this is a new era of cryptocurrency, especially if it reach thousand $ marks..
First it will reach (obviously) ATH $3 and beyond $10, probably topped at $50 and then the rest will be history.. If it takes off as crazy as the market looks at this moment, then peak of bull would be Early 2025 with price of XRP $3k..
Disclaimer: I hold some xrp but I had NEVER been XRP Army or in love with the coin or any coin.. I only tell what I see and what I see only.. It may never reach that level, but what if? That's all I'm sayin.. *happy investing/trading, keep responsible with your actions* cheers
XRP - BEARISH SHARK PATTERNHello Everyone,
Just a quick update on our XRP position. As you know, XRP formed a strong Bullish Shark Pattern, and we entered the position at the $0.5180 area. Currently, the price is consolidating around the $0.60 zone, indicating that Target Price 1 at $0.5950 (15%) has been reached.
While the bullish scenario persists, I've observed the formation of a Bearish Shark Pattern, suggesting a potential correction to the $0.53-$0.54 area. Following this correction to the support zone, I'll be looking for the target to reach $0.82 (approximately 58% profit). In such situations, partial selling is often the best option.
I hope everyone is enjoying their profits and staying vigilant in this dynamic market.
Best regards
XRP looks to be setting up for another run northward!The recent liquidation candle could be a very bullish sign for XRP price. As you can see from the chart, the Stoch MTM is showing a potential bullish crossover attempt. The last three times this happened, XRP price made decent gains shortly thereafter.
Good luck, and always use a stop-loss!
XRP/USDT BULLRUSH BEFORE THE FLUSH???Looking at the XRP/USDT Daily Time Frame, we can get an idea where and WHY price is moving the way it is:
We see that ALL previous buyside has been swept.
This should indicate BULLISH order flow.
Every bullrun hits it's breaking point but where will that be???
We see that there's more Buyside that's yet to be swept and I'm thinking it will sweep them soon in the near future.
But WAIT .... There's More!
Right above the highest high, there is a GORGEOUS Daily SIBI resting right above.
Sadly, it hasn't been tapped yet :(
If it gets tapped, will XRP rise or will that be it's Downfall???
There's only one way to find out ;)
I'm patiently waiting for potential opportunities that allow a solid 2:1 RR trade to be taken.
(DISCLAIMER) THIS IS NOT FINANCIAL ADVICE! THIS IS MY PERSONAL OPINION AND I COULD BE 100% INACCURATE IN MY ANALYSIS. DO YOUR OWN RESEARCH AND ANALYZE YOUR OWN CHARTS. TRADING IS EXTREMELY RISKY SO BE CAUTIOUS AND TRADE AT YOUR OWN RISK!!!
XRPUSDT.1DBased on the provided market data, the XRP cryptocurrency is currently trading at $0.64. The Relative Strength Index (RSI) over 4 hours, 1 day, and 7 days are 69.38, 72.92, and 59.71 respectively. An RSI over 70 usually indicates that an asset may be overbought, and thus due for a price correction. However, the 7-day RSI is still below 70, suggesting that the asset is not in the overbought territory on a weekly basis.
The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day, and 7 days are 0.15, 0.022, and 0.0078 respectively. A positive MACD suggests that the asset is in a bullish phase and may continue to rise.
The Bollinger Bands (Bb) for 4 hours, 1 day, and 7 days are 0.66, 0.6545, and 0.6931 respectively. The current price is below the upper band in all three periods, suggesting that the asset is not overbought.
The support levels for 4 hours, 1 day, and 7 days are $0.6294/$0.5925/$0.5808, $0.5753/$0.5442/$0.5050, and $0.5916/$0.4852/$0.4827 respectively. If the price of XRP falls, these levels could serve as the points where the price may start to rise again.
The resistance levels for 4 hours, 1 day, and 7 days are $0.66/$0.6880/$0.7160, $0.6623/$0.7248/$0.7548, and $0.6956/$0.7550/$0.8150 respectively. If XRP continues to rise, these levels could serve as the points where the price may start to fall.
In conclusion, the XRP seems to show a bullish trend based on its positive MACD and RSI values that are not in the overbought territory. However, it's important to monitor the RSI closely as it's approaching the overbought level in the 4-hour and 1-day periods. As always, it's crucial to consider other market factors and your risk tolerance before making investment decisions.
XRPUSD Fractal Suggests Breakout to $7.70 Imminent The first chart shows XRPUSD from May 2017 to Dec 2017.
The second chart shows XRPUSD from early 2021 to current.
Both charts start off with a "U" shaped dip and rise, followed by a slow decline to the support level of the "U" (shown by a white sine wave).
The yellow curve on both charts shows price dropping below this bottom to a new low.
Purple line marks higher highs with 2 notable jumps, shown in orange.
At the end of the first chart, XRPUSD breaks out and goes from about $0.20 to $3.30, an increase of 1500%.
If the second chart also follows the same break out from current bottom of higher high trend line, which is $0.50, a 1500% increase puts the target price at $7.70.
Disclaimer:
Keep in mind that market predictions are about as reliable as a weather forecast in outer space.
Use this analysis as a conversation starter, not as financial advice.
Investing in cryptocurrencies carries risks, so do your homework and make informed decisions.
Remember, no crystal balls here—just a pinch of insight and a dash of caution
Ripple can continue to move up in upward channelHello traders, I want share with you my opinion about Ripple. Looking at the chart, we can see how the price some days ago started to trades in the range, where it tried at once to rise, but failed and declined to the bottom part, which coincided with the buyer zone and 0.5300 level. After this, XRP some time traded in this zone, and last time it rebounded up to the top part of the range, which coincided with the 0.5940 support level with the area. But the price at once bounced and made impulse down to 0.5300 level, after which it started to rise in an upward channel, exited from range. In the channel, the price rose to the support area, breaking the 0.5940 level, but soon made a correction below this level. Later, XRP broke the 0.5940 level again and rose to the resistance line of the channel, after which it rebounded down to the current support level. But a not long time ago price bounced from this level and continued to rise in an upward channel. So, now I think Ripple can make a small correction movement and then continue to grow to the resistance line of the channel. For this case, I set my target at the 0.6930 level, which coincided with line. Please share this idea with your friends and click Boost 🚀
XRP Break Out From Weekly Symmetrical TriangleXrp, the most dumped token in the history of crypto. Well, after ICP Lol. Seems breakingout from its weekly triangle after 93 weeks of accumulation. If there is any chance this will ever run back higher and ripple stop dumping on its holder, this triangle should able to targeting at least 0.8 and maximum sub $1.1. Align with XRPBTC on its weekly, seems like its finds bottom and ready to reverse. Hope Ripple not being a retard by keep dumping on the holders. #nfa #dyor
Have you forgot this? XRP vs DOGESome people forgot that usually, XRP and DOGE are connected. DOGE pump first, and after few days, XRP start pumping. This chart shows the DOGE price (orange line) vs the XRP price. They made basically the same moves. According to this chart, XRP can skyrocket till 1.13 soon
XRP, the Sleeping Giant Looks good!! could it ready to Breakout?Technical Analysis: #XRP (Monthly Update)
#Ripple coin is now trying to break out of the 1065-day accumulation zone, if it could, this is just the beginning of a new uptrend.
#Rpple Coin is almost ready to takeoff and looks too bullish, if march closes upper the trend line so will be ready to test its previous high and make a new ATH at year-end or earlier.
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XRP Poised for Further Spike: Could $2 be Next?XRP, the cryptocurrency token associated with Ripple, has been enjoying a remarkable rally lately, with its value increasing by over 9% in the past 24 hours alone, breaching the $0.64 threshold. This is a significant milestone for the token, as it marks the first time since December 2023 that XRP has reached this level. The token's recent surge in value is largely attributed to the Bitcoin-led crypto market frenzy, which has benefited several other cryptocurrencies as well.
The rally has caught the attention of market analysts, who have released bullish forecasts for XRP, predicting that the token could reach $2 in the near future. This optimism is fueled by the token's recent performance and various technical indicators that suggest the asset's upward trajectory is set to continue.
One market watcher, Dark Defender, has set his sights on the $0.6462 mark, which he believes is the next target for XRP. With this target now largely materialized, the analyst predicts that the token could reach $1 in the short term. Beyond that, enthusiasts can expect XRP to rally further to $1.88, once it regains the $1 mark.
Overall, XRP's recent gains have been impressive, and the token's positive momentum is expected to continue as the alt season heats up.
XRPUSDT can ascend further!Hi.
COINEX:XRPUSDT
✅Today, I want to analyze XRP for you in a Weekly time frame so that we can have a MID-term view of XRP regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
XRP/USDT broke above the symmetrical triangle on weekly timeframe🔥
✅ Due to the Ascending structure of the chart...
- High potential areas are clear in the chart.
- Ascending Triangle.
Stay awesome my friends.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
RIPPLE - Price can bounce up from support area to $0.6600Hi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊
Recently price entered to rising channel, where it at once declined to support line and then continued to rise.
Price reached $0.5400 level, which coincided with support area, and in a short time broke it, after which rose to resistance line.
Then Ripple some time traded near $0.5400 level and later declined to support area, thereby exiting from channel.
After this, price reached support line in this area and soon made strong upward impulse to resistance line.
Also, XRP broke $0.6190 level, which coincided with support area, and recently broke resistance line too.
Now I think that Ripple can bounce from support area and rise to $0.6600
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XRP Cup & Handle is playing out PERFECTLY!The XRP Cup & Handle formation that I identified a while back is progressing very nicely on the daily. It has now broken out of the handle formation, and will most likely be working toward the upper rim line at the .5744 level. Once broken, we can reasonably assume that XRP price will continue it's bullish move to the .6155 level, and the .6496 levels respectively.
Good luck, and always use a stop!
*** I apologize for the repetitive post. Tradingview has taken this chart down twice now.