'THE XRP BREAKOUT CHART' - May predict the month of the breakoutTHE XRP BREAKOUT CHART is a chart I created to show a very interesting trend that I discovered within XRP's monthly chart. Four times in XRP's previous price action history, prior to periods of significant price appreciation, XRP formed a FVG (fair value gap), as shown in the white boxes, which consisted of three candles. Then, while within that FVG, price broke out on the 8th candle four consecutive times. Three of these four FVG breakouts were preceded by, or included, a single liquidation candle breaking below the lower trend line. Regarding current price action, we just saw the pattern liquidation candle this past July. So, it appears that this trend will continue for the next breakout of the current wedge pattern.
However, the key takeaway is that the pattern FVG has not formed, which means, as of this month (October), if the pattern is to repeat for a fifth time, then we are at a minimum of eight months away from the breakout we have all been waiting for.
The herd—retail investors and YouTube influencers—believe, in sync, that the breakout will begin in mid-December, continue through January, and peak around late February to early March. According to this chart, they’re all wrong.
I believe that incredible price appreciation is coming in the future, but I think this pattern will repeat. That means the breakout of the current wedge pattern, at the earliest, will be sometime around mid/late summer to early fall of 2025, most likely on the 8th monthly candle within the next FVG formation. But when will the first three candles form?
Good luck, and always use a stop loss!
XRPUSDT
XRPUSDT / TRADING FVG AREA / 4HXRPUSDT / 4H TIME FRAME
HELLO TRADERS
FVG Area (0.55 - 0.54) , The price is currently trading and stabilizing within the Fair Value Gap (FVG) between 0.55 and 0.54 , The FVG area refers to a zone where there’s an imbalance between buy and sell orders, often indicating where price might consolidate before making a significant move.
Potential Decline , The prices suggests that if the price continues to decline, it could reach the demand zone between 0.52 and 0.50. The demand zone is where buying interest is expected to be stronger, possibly halting the downward movement.
Potential Upside , If the price breaks above the FVG area with a 4-hour candle close, it’s expected to increase, targeting the supply zone between 0.59 and 0.60. A supply zone represents a price area where selling pressure may increase.
Confirmation of Trend , To confirm an uptrend, the price needs to break the supply zone (0.59 - 0.60) , To confirm a downtrend, the price must break the demand zone (0.50 - 0.52).
Overall Trend , Despite the short-term potential for upward movement, the text concludes that the price is under downward pressure.
Supply Zone : 0.59 - 0.60.
Demand Zone : 0.50 - 0.52.
FVG : 0.55 - 0.54.
XRP – 15-Min Time Frame Breakout SetupI'm currently watching XRP on the 15-minute timeframe as it approaches the pink resistance level. If we get a breakout above this resistance, my target will be the grey zone, which I’ve identified as a resistance level for potential profit-taking.
Strategy: I’ll monitor the price action closely. Once the breakout is confirmed, I’ll aim for the grey zone as my next target to reduce the position or take profit.
XRPUSDT : SELL ? The chart for XRP/USDT shows that the price recently tested a strong resistance zone around $0.55 to $0.64 but failed to break above it, resulting in a pullback. Currently, the price is trading near $0.5375, hovering just above a key support level.
A breakdown from this level could see the price declining towards the $0.43 zone, as indicated by the downward projection. This would represent a bearish move following the failure to sustain gains above the trendline and resistance zone. Conversely, if the price manages to bounce back from the support region, it could attempt another rally to retest the resistance, but further upside momentum would depend on breaking through this critical level.
Traders should keep an eye on these key zones: $0.4338 as support and $0.5574-$0.5580 as resistance, to gauge potential moves in the near future.
XRP (Crypto Ripple-USD) BUY TF H4 TP = 0.61On the H4 chart the trend started on Oct.5 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 0.61
This level, which I have outlined above, is certainly not a “finish” level. But it is the level that has the “highest percentage of hits on target.”
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
Ripple / XRP AnalysisXRP price today is $0.39 with a 24hour trading volume of 1.2 billion dollar. XRP price is up 1% in the last 24 hours and 11% since last week
In the daily timeframe, the price formed an ascending price channel pattern, and after being supported by the lower trendline, it started moving upward. However, the $0.4 resistance level has paused the rally for now, resulting in short-term price consolidation.If xrp surpasses the $0.4 level, the channel’s middle trendline and the $0.5 levels will be the next obstacles to surpass. On the other hand, if the $0.4 level rejects the price, the channel’s lower boundary will be the next significant support level. short term targets are 0.43 , 0.45 , 0.47 and 0.5$
Ripple Moves 100M XRP amid growing whales Interest in asset plus xrp overtakes BTC and ETH in terms of trading Volume in Australia
XRP Long Target 0.96451. Resistance Breakout:
- There was a prior horizontal resistance level that the price attempted to break above. This level has been marked as a horizontal line across the chart, indicating that the price previously struggled to rise above it.
- The price initially broke through this resistance but has since retraced.
2. Retest of Support:
- After the breakout, the price retraced back to the support zone marked with "$$$." This retest area is crucial for the potential continuation of the bullish trend.
- The support is aligned with a demand zone, where the price might find buying pressure again.
3. Trade Setup:
- The shaded area extending upwards from the retest zone indicates the potential bullish price target area. This suggests the trader expects the price to rise after bouncing off the support zone.
- The target is near the 0.9645 level, indicating a potential move toward this resistance in a successful scenario.
4. Risk Management:
- The lower grey box shows the stop-loss zone below the key support level, around 0.5555 to 0.5582. A break below this level could invalidate the bullish idea, signaling that the price might move lower.
In summary, the trader expects a bounce from the current support area after the price retests the breakout level, targeting a move up to around 0.9645. However, the setup includes a defined stop-loss below the support zone at 0.5555.
XRP Trade idea based of BTC TrendIf BTC remains bearish, or potentially drops further I will be interested in selling XRP
2 Key Price levels I see. The first one is for intraday-ish setups, and the second is for the swing trade idea.
BTC must remain in the current trend to support the idea. Unlike BTC XRP is in a very long range for a quiet bit, that's why if hitting the second price level, I'm looking to buy if HTC candle confirms this idea on such a level.
XRP Price prediction (Invert scale)1. Log Scale:
Using a log scale can help visualize price changes more effectively, especially for assets with high volatility like XRP. It makes percentage changes clearer and can help identify trends over time.
2. Line Chart:
A line chart can provide a smoother view of price movements, making it easier to see overall trends without the noise of price fluctuations seen in candlestick charts.
3. Invert Chart:
Inverting the chart can offer a different perspective on price movements, allowing for potential insights into future price behavior based on historical patterns.
4. Trend Line:
Drawing trend lines can help identify key support and resistance levels by connecting significant highs or lows, providing a visual tool for predicting future movements.
5. Support Line:
If you're predicting XRP may reach around $0.04, it could be useful to analyze past support levels and market conditions that led to similar price points to validate this expectation.
XRP Price prediction (Invert scale)1. Log Scale:
Using a log scale can help visualize price changes more effectively, especially for assets with high volatility like XRP. It makes percentage changes clearer and can help identify trends over time.
2. Line Chart:
A line chart can provide a smoother view of price movements, making it easier to see overall trends without the noise of price fluctuations seen in candlestick charts.
3. Invert Chart:
Inverting the chart can offer a different perspective on price movements, allowing for potential insights into future price behavior based on historical patterns.
4. Trend Line:
Drawing trend lines can help identify key support and resistance levels by connecting significant highs or lows, providing a visual tool for predicting future movements.
5. Support Line:
If you're predicting XRP may reach around $0.04, it could be useful to analyze past support levels and market conditions that led to similar price points to validate this expectation.
XRPUSDT Based on the XRP/USDT chart you've shared, here's a trading strategy for a bearish scenario:
Current Price Action: The price is currently trading around $0.5263 after a significant downward move. It has also broken below the 0.5 Fibonacci retracement level of $0.5858, signaling potential further downside.
Resistance Levels: The region between the 0.5 and 0.618 Fibonacci levels ($0.5858 - $0.5672) is acting as a key resistance zone. If the price retraces upward, this zone could present a strong resistance, offering a potential sell opportunity.
Bearish Target: A continuation of the bearish trend could take the price down to the 1.618 Fibonacci extension level at approximately $0.4096. This could serve as the next major support level and a potential take-profit area for sell positions.
Sell Setup: Look for sell opportunities if the price retraces back to the resistance zone between $0.5672 and $0.5858 and faces rejection. Set your stop-loss slightly above the $0.5858 level.
Risk Management: Ensure proper risk management by placing a stop-loss above the resistance zone and targeting the 1.618 Fibonacci extension level for your take-profit.
This strategy aims to capitalize on the ongoing downtrend while allowing room for a potential retracement before the price continues lower.
XRP LIQUIDITY HUNT COULD CAUSE ANOTHER 18% - 19% DROP.XRP is very likely to seek liquidity below the lower wedge trend line before moving upward again. It's probable that the price will wick down to the $0.50 level to grab liquidity resting under the previous low. However, if it seeks additional liquidity, the price could drop to the $0.43 level before we see a significant reversal. If that occurs, this could be a great opportunity for a quick short to that level, followed by a reversal trade for the ride back up.
Good luck, and always use a stop-loss!
XRPUSDT - Sell all my XRP at 0.56Looking at the 8-hour chart we can see that there is some upside potential on XRP towards 0.56 - 0.58 area's before we see another push downwards. Over all XRP is not looking to good on the 1-Month chart however on the 8-Hour chart, the RSI has reset and we should see some short term upside movement. I think we could see XRP below 0.50 over the next few weeks allowing for a good buy opportunity.
XRP Breakdown Signals Further DeclineLooking at the XRP/USDT chart, we can observe that the price recently faced rejection at a strong resistance zone around $0.6270. The market has since broken below the ascending trendline, indicating a potential shift toward a bearish sentiment.
Key Levels:
Strong Resistance: $0.6270
Current Price: $0.5287
Support Target: $0.4199
Analysis:
After failing to break through the strong resistance, XRP has begun to retreat, crossing below the trendline, which could now act as a resistance. This breakdown suggests that we might see further declines, with the next major support level resting at $0.4199.
Strategy:
Sell Opportunity: Traders could consider shorting the asset at current levels or wait for a potential retest of the broken trendline around $0.5655 - $0.5807.
Stop Loss: Above $0.6270, just beyond the resistance.
Take Profit: The primary target would be the support at $0.4199.
XRPUSDT The XRP/USDT chart is currently in a sideways consolidation pattern between $0.588 and $0.595, indicating a lack of strong directional movement. The price has remained within this range with a notable fake breakout below support, which quickly recovered.
Key Technical Points:
Support Zone: Around $0.588
Resistance Zone: Around $0.595
Fake Breakout: The dip below $0.588 was a false breakdown, indicating the possibility of a range-bound market in the short term.
Strategy:
If Range Holds: Consider trading within the range.
Entry: Long at $0.588 (support) or Short at $0.595 (resistance).
Targets: Aim for a profit-taking strategy of around 0.003-0.005 points from entry.
Stop Loss: Place stops below $0.586 for long positions and above $0.597 for shorts to avoid false breakouts.
Breakout Scenario:
If the price breaks and holds above $0.595, enter a long position targeting $0.600.
Conversely, a sustained drop below $0.588 could signal a short opportunity, targeting the $0.580 region.
This strategy focuses on the current sideways trend, allowing for quick reaction to potential breakout moves.
XRP Po3 Structure and Bull Market Setup 1$ and higherIn this video, I break down XRP's current Price Over Oblivion (PO3) structure and why we're expecting a pullback. Price is likely to trade lower into the 4-hour Fair Value Gap (FVG), where we anticipate a potential reversal.
This dip could be the catalyst that ignites the next bull market for XRP, setting the stage for a strong upward move. Watch the full analysis to understand the key levels and market dynamics at play!
XRP Technical Analysis on a 3-Day TimeframeHello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
In our previous analysis of XRP, we observed that the 50EMA and the 0.618 FIB levels were acting as resistance. The price eventually broke above these levels and reclaimed the resistance trendline at $0.63.
Currently, XRP is trending below the resistance level at $0.58. For XRP to continue its rally toward the local high range of $0.9380, it needs to break above this resistance trendline.
The support level at $0.41-$0.42 remains intact.
DYOR, NFA.
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Ripple (XRP): chances for recovery?XRP price was largely considered dead as it barely moved regardless of the market dynamics, which varied frequently. The drop in volume and volatility often suggested a significant shift of focus of the market participants onto the other platforms. However, the current trend suggests the price is about to make a large move as it has broken a 2-month accumulation period. The upcoming price action is expected to circulate bullish waves across the market, but the question arises: will the XRP price reach $1 before the end of 2024?
The XRP price has remained within a bullish range, even though the price failed to demonstrate giant moves similar to the other tokens. The token is testing the upper resistance of the descending trend line, which has been acting as a strong resistance since the time it faced rejection after hitting the highs in 2021. Interestingly, the price has followed a similar pattern since its inception, and if a similar outcome occurs, the XRP price may set a new ATH in 2025.
In the long-term chart displayed above, the XRP price appears to be preparing for a massive move as it is about to close the monthly trade on a bullish note. It has been following a trend wherein the trade begins by a breakout from the multi-year descending pattern, which further elevated the price towards new highs. The monthly RSI has risen above the average range above 51 for the first time in 2024, which is believed to trigger a fresh ascending trend hereafter.
Secondly, the Bollinger bands have been going parallel to each other regardless of being in the same position for nearly a year. This suggests the XRP price is believed to trigger a fine ascending trend if it manages to close the monthly trade above the triangle. The breakout usually pushes the XRP price to new highs as the trend remains elevated for the next few months, hinting towards the formation of a new ATH above $3.5 in 2025.
XRP/USDT: A SLEEPING GIANT! 5-6X PROFIT POTENTIAL!!Hey everyone!
If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated!
XRP looks very promising right now, breaking out from a weekly symmetrical triangle. Historically, similar breakouts have yielded returns of 6-7x, and I’m anticipating a similar outcome this time.
After being contained within this triangle for the last four years, this breakout could signal a significant upward movement. I recommend accumulating during dips.
Entry Range: $0.56 - $0.66
Short Term Target: $1.50 / $2.80
Mid Term Target: 4x - 5x
Long Term Target: 8x - 10x
Stop Loss: Weekly close below $0.50
What are your thoughts on XRP's current price action? Do you see a bullish pattern? Share your analysis in the comments below!