XRPUSDT
XRP TO $1.45!Previously i stated i was waiting for XRP to develop to provide more data to generate some better predictions using TA. I said that XRP seems to be in a consolidation phase and it still looks that way, aggressively bouncing between key levels.
Price rejected support at $1.95 and pumped to $2.47 which is roughly where XRP is sitting now. Based on basic TA the market is now creating LH's & LL's which would align with my previous idea regarding a short term trend change to the downside, it does look like XRP is in a relief period (pull back on larger time frames).
My SMA's have crossed clearly on the 4hr, it's also rejecting the SMA's as well as the resistance at $2.47 seems to be holding up for now and again we have LH's & LL's confirming the trend change.
The fib is also supporting my analysis as the 61.8% pull back percentage is aligning perfectly with my initial key level of $1.45, this is now a major key level as its pretty obvious so a lot of traders (retail & whales) will be looking at this key level, for targets, limit orders and liquidity for the whales.
If the $2.47 clearly rejects i would be inclined to short, but will have to be careful of slight breaks through the resistance as liquidity traps so won't be to eager to enter, instead i'll wait for a few forms of confirmation of rejection before entering. This is a trade with 40% as a potential ROI so no need to rush in, if i'm a bit late to reduce risk then so be it.
If the resistance at $2.47 breaks through, comes back to retest it as a support then that will likely void this set up for now. Stop would be placed above last LH and resistance level for protection.
XRP/USDT 4-Hour AnalysisXRP/USDT 4-Hour Analysis
On the 4-hour time frame, XRP/USDT is forming a small bullish pennant pattern. Using the height of the previous leg as a projection, the first target is in the green zone 1.
To change the current structure of lower lows (LL) and lower highs (LH), the price needs to form a new higher high (HH). This also requires breaking through the pink resistance zone, which is a critical level to watch.
Targets:
First target (green zone 1): $2.87
Second target (green zone 2): $3.35
It’s essential to monitor the breakout of the resistance zone and confirm bullish momentum to reach these levels.
Phemex Analysis #42: XRP To the Moon or Back to Earth?The cryptocurrency market is a wild ride, and PHEMEX:XRPUSDT.P has been one of its most thrilling roller coasters lately. After a meteoric 583% surge in just 30 days, many are wondering: is this the real deal, or just another pump-and-dump scheme? Unlike previous bullish cycles, this time feels different. But as the old adage goes, "past performance is not indicative of future results."
Today, we'll delve into several potential scenarios that could shape XRP's future trajectory. By understanding these possibilities, you can make informed trading decisions and navigate this volatile market with confidence.
Possible Scenarios:
1. Price Going for a 3rd Higher Top with RSI Divergence:
We can see that RSI was above 90 during the 1st and 2nd 1D Tops, and it dropped to a low of 61 during the recent dip. This is a strong bearish reversal sign. If the price insists on forming a third higher top (above $2.93) with a lower RSI than the previous two tops (below 90), it's highly likely that a price reversal and subsequent drop will occur. Exercise caution if this scenario unfolds.
2. Price Facing Heavy Resistance at $2.93:
The $2.93 level represents the highest price of the second 1D top. Many traders may look to take profits near this level after the recent decline. Therefore, it's possible that the price could encounter significant resistance around $2.93, leading to a sharp downward correction.
3. Price Going for Consolidation:
Given the substantial price increase, a consolidation phase is a plausible outcome. During this period, the price may stabilize, and a new support level may form at a higher price. In this case, you could consider entering a position during the consolidation phase and setting a stop-loss order below the recent low. Alternatively, you could wait for a clear breakout before initiating a trade.
4. Price Continuing to Drop:
If the price breaks below the $1.90 support level, it may continue to decline further. For long-term bulls, potential buying opportunities may arise at the $1.30 and $1.00 levels.
Conclusion
The future of XRP remains uncertain, but by analyzing potential scenarios, we can position ourselves for success. Whether it's a third higher top, a resistance test at $2.93, a consolidation phase, or a deeper correction, each scenario presents unique opportunities and risks.
Remember, the key to successful trading is patience, discipline, and risk management. As you navigate the exciting world of cryptocurrencies, stay informed, stay vigilant, and most importantly, stay true to your trading plan.
Tips:
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Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
XRP IS GOING NO WHEREAs you can see XRP is entering what looks to be a consolidation phase / sideways market cycle. On the higher timeframes (daily) it is also evident. There is a lot of uncertainty and manipulation taking place with XRP, bouncing around from key level to key level.
The whales are laughing all the way to the bank as retail traders emotional decisions of buying and selling instantaneously provides them liquidity to keep entering, pumping and selling.
In moments like this it can be best to sit back & spectate as 95% loose common sense & start to pull their hair out because they cant seem to catch a pump or dump.
The bigger picture will prevail and once it presents itself we'll be able to establish a better idea of which direction XRP might be headed, at the moment there is a significant lack of data to even begin to predict price targets / points.
Sometimes sitting on your hands is the BEST risk management strategy.
I believe XRPUSDT is heading downtownAs much as I would love XRP to pump further, I don't see it happening. Momentum has been waning for days now and it's accelerating it's dumping as we speak. I believe there might be MINOR support around the $1.90 mark, and then will hover around $1.50 temporarily, but eventually I believe it's heading back to around $0.60 - $0.70 within the next month or so.
People getting caught up in the pump really need to zoom out and starting looking at weekly charts. It's near vertical. I've been through this before back in 2017/2018.
I'm personally going to wait until it reaches the $0.60 - $0.70 level and show signs of consolidation. From there, I will start DCA'ing in.
I may look at taking a short-term trade around $1.50 to help accumulate more however.
XRPUSD 4H Frame AnalysisWe are seeing XRP breaking resistance at a good pace, having pullbacks to get liquidity before keeping the uptrend. In this scenario we see XRP trying to break the previous relative ATH.
Throwing a fibonacci it give us a possible area for a pullback, where the price can accumulate more liquidity before deciding to test the 2,00$ target and break further highs.
Keep your eyes peeled. Boost, share and comment any ideas that can add up more knowledge to it.
Thanks family!
My take on XRP / USDT after latest correction to 2.0$Hello Fellow TV users. Just a simple idea of what is coming next. Maybe right, maybe wrong. Today is a good day, the scare of correction not happening for a long time is finally removed.
Managed to sell higher enough to cover for a drop, capitalized on a double wick. This is my first post. Never shared anything on the internet. Good luck to you people.
P.S. My targets are 5-7-9$. Not that it matters.
XRP !!!Hello friends
As you know, XRP experienced good growth during this period and then entered the correction phase.
Now, by maintaining the specified range, he can see the specified targets. In case of a strong failure, there are lower ranges to buy, which I will inform you about.
be successful and profitable
XRP Analysis==>>Correction Signs!!!XRP ( BINANCE:XRPUSDT ) is moving in the Resistance zone($2.63-$2.50) .
In this post, I want to show you some signs that XRP may still need to be corrected in a one-hour time frame :
1 -Regarding Classical Technical Analysis , XRP seems to have succeeded in forming the Rising Wedge Pattern .
2 -The formation of the Evening Star Candlestick Pattern in the Resistance zone can signify the reverse of XRP .
3 -The formation of the Bearish Gartley Harmonic Pattern can also be another sign of the decline of XRP .
4 -According to Elliott wave theory , XRP seems to be completing the main wave 4 .
I expect XRP to break the lower line of the Rising Wedge Pattern , which should drop to at least $2.38 . If the Support line is broken, the next target will be the Support zone($2.25-$2.17) .
⚠️Note: If XRP manages to break the Resistance zone($2.63-$2.50), we can expect an XRP pump.⚠️
XRP Analyze (XRPUSDT), 1-hour time frame⏰.
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Viewing Point: 2.2181-2.5102 Support -> 3.618 (3.2983) Up
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(XRPUSDT 1D chart)
I think that coins (tokens) that are renewing their ATH are in a virtually unpredictable range.
However, it is only possible to roughly predict support and resistance points based on the movements of indicators generated by price movements or Fibonacci ratios.
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The Fibonacci ratio currently displayed on the chart is drawn using Trend-Based Fib Extension.
The selected point is marked with X.
The final point of the Fibonacci ratio drawn this way is 3.618 (3.2983).
After that, you need to draw it again using a different wave.
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However, when the price falls while making waves, you need to think about a response plan by checking whether there is support from the movement of indicators such as BW(100), HA-High, BW(0), HA-Low, M-Signal (1M, 1W, 1D charts).
HA-High, BW(100) indicators indicate high point ranges, so if the price is maintained above the 2.218-2.5102 range, it means that it is in the high point range.
Therefore, if the price is maintained in this high point range, it is highly likely to lead to an additional rise.
If it fails to do so and falls, it is highly likely that a downtrend will eventually begin.
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Even though the price has risen, the StochRSI indicator is in the oversold range.
Therefore, when the StochRSI indicator rises in the oversold range and becomes StochRSI > StochRSI EMA, if it is supported near the high point range (2.218-2.5102), it is expected to rise near the Fibonacci ratio 3.618 (3.2983).
At this time, the BW indicator should be maintained above the 50 point.
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When the M-Signal indicator of the 1D chart rises to around 2.2181, if XRP falls, there is a possibility that it will touch the M-Signal indicator of the 1W chart, so you should think about a response plan for this.
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Have a good time.
Thank you.
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- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend.
Accordingly, the upward trend is expected to continue until 2025.
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(LOG chart)
Looking at the LOG chart, you can see that the upward trend is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, we expect that we will not see prices below 44K-48K in the future.
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The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
In other words, it is the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, it is expected that this Fibonacci ratio will be used until 2026.
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No matter what anyone says, the chart has already been created and is already moving.
How to view and respond to this is up to you.
When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance.
This is because the user must directly select the important selection points required to create Fibonacci.
Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies.
1st : 44234.54
2nd : 61383.23
3rd : 89126.41
101875.70-106275.10 (Overshooting)
4th : 134018.28
151166.97-157451.83 (Overshooting)
5th : 178910.15
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Is XRP Ready to Surge? A Deep Dive into Technical Analysis Disclaimer: This article is for informational purposes only and should not be construed as financial advice. It's crucial to conduct thorough research or consult with a financial advisor before making any investment decisions.
XRP on the Rise: Technical Analysis and Whale Activity Point to Significant Gains
The XRP market has been steadily gaining momentum, with recent technical analysis and whale activity suggesting significant price increases in the coming days. It is predicted that XRP could surge to $5 within the next 72 hours, with a more conservative estimate of $8.00+ in the long term.
Technical Analysis: A Bullish Outlook
Technical analysis of XRP's price charts reveals a strong bullish trend. Key indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are signaling a potential upward breakout. The RSI, which measures the speed and change of price movements, is currently in the overbought zone, indicating strong buying pressure.
Furthermore, the MACD, which compares two moving averages to identify trend changes, has formed a bullish crossover, suggesting that the upward trend is likely to continue. These technical signals, combined with the recent surge in whale activity, have fueled optimism among XRP investors.
Whale Activity: A Sign of Confidence
Large-scale investors, often referred to as whales, have been actively accumulating XRP during recent price dips. This increased whale activity is seen as a positive sign, as it suggests that these experienced investors anticipate significant price appreciation in the future.
A recent transaction involving the purchase of $288 million worth of XRP by a single whale has further ignited speculation about a potential price surge. Such large-scale purchases can significantly impact the market, as they can help drive prices higher.
Expert Prediction: A Conservative Estimate
It is suggested that XRP could reach $8.00+ in the long term, as the cryptocurrency market continues to mature and gain wider adoption.
This conservative estimate is based on a number of factors, including the ongoing legal battle between Ripple Labs and the Securities and Exchange Commission (SEC). While the outcome of this case remains uncertain, many investors believe that a favorable ruling could significantly boost XRP's price.
Maintaining the Momentum: Key Factors
To maintain the current price rally, several key factors will need to come into play:
• Positive Market Sentiment: Continued positive sentiment among investors and traders is essential for sustaining the upward trend.
• Favorable Regulatory Environment: A favorable regulatory environment, particularly in the United States, could significantly boost XRP's price.
• Increased Institutional Adoption: Increased adoption of XRP by financial institutions and corporations could further drive demand and price appreciation.
• Strong Fundamental Performance: Strong performance of the underlying technology and network will be crucial for long-term growth.
In conclusion, the combination of bullish technical indicators and increased whale activity has created a strong bullish case for XRP. While short-term price predictions may vary, the long-term outlook for XRP remains positive, as the cryptocurrency market evolves and matures.
The last bullish chance of XRP in Mid term!XRP is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) .
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
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