XRP trade ideas
XRP, BUY/LONG 📈After creating a high on March 11 at 0.74500, XRP corrected violently, as did all crypto-currencies.
Nevertheless, we remain bullish on HTF.
Today, we've retraced into the OTE zone and recovered some liquidity.
So I'm going to focus on buying, with BOS at 0.6630 as my first target.
I think we'll see the price rise by around 10% over the next few days.
Feel free to give this post a boost if you like my analysis, and let me know what you think!
Happy trading :)
Patience. Wave E of E on Macro triangle may not be finished yet.XRP has been working on a macro contracting triangle for a few years now. Typically, one of the waves inside the triangle is also a triangle. I believe we have that here within macro Wave E. The smaller triangle may already be complete as there is a sharp (3-wavish) move on 30min that has already bounced from my zone.
I know XRP is a slow poke though, so I wouldn’t be surprised if it takes it’s time.
If it wants to continue breaking down, the green box is likely the best area for support before breaking out towards next major resistance around 50B.
XRP Bearish ☁️ Over the Next WeekEarlier this week, a New York court ruled that Ripple Labs must make its financial statements for 2022-2023, as well as other documents requested by the Securities and Exchange Commission (SEC) public by Feb 12. Ripple has now asked the judge to extend this deadline by eight days to Feb 20, court documents show. The SEC has accepted this request.
The price of XRP increased 2.2 percent to 51 cents over the past 24 hours.
ATTMO shows that Ripple’s XRP, Avalanche and Polkadot will face bearish clouds and downside risk in the short-term and medium-term horizon. However, a bullish sun will shine over Bitcoin, Ether, Binance Coin and Cardano in the next 24 hours and week, signaling upside potential.
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XRP since it has born - Forecast to 2026This is 6W XRP chart what you can see is a clear pathway of XRP.
Till May 2024 we will get 87% upward movement from orange level to blue level.
From May 2024 to Feb 2025 W we will have grueling correction from blue level to lower yellow triangle. In this wave XRP will lose 26% of it's market cap.
From Feb 2026 XRP will escape the flag and there will be a staggering surge in price at least 270%.
You can see this upward move from other point of view of my analytical ideas :
XRP Try to Break another Top This is one more update from me, As an XRP Trader I already made an entry from this Area, unless if break a red dot line I need to make an analysis. because this is my Stoploss area.
I predict a good uptrend price will be around the uptrend channel until meets 161.8% Fibonacci
for me, this is a wave C in the early stage this is a potential low price to entry buy. but what can I say this is my method to explore this market.
be careful of market sentiments need more alert on pump & dump.
what I can say XRP is now manipulated by a shark or internal dumper to stabilize the price and push the holder to dump and the whale will be pumped back. that is my opion .
DYOR
XRP ShortHi all, Its been a while, hopefully you are doing well, this is my third update for the XRP and since they already win a lot of cases and major bank now start to bought (XRP) and some of it still skeptical for this coin due to the circulation of this coin is maximum of 100B,
So this coin will be the medium to exchange from another coin to this (VS) because of the fee on their network is cheaper than any ALT coin out there, and easy to convert from what ever exchanger you used.
There also some stories regarding the QFS which is using the supercomputer to generate much better algorithm now, but i believed you should keep you hard earning coin into the physical wallet.
Thank you for following this idea and ill see you again on next march where the ALT season begin.
10 Billion dollars in 3 weeksOver the past three weeks, XRP has witnessed a remarkable surge, propelling its market capitalization by an impressive $10 billion. This substantial growth is consistent with the annual ascending trend we've been closely monitoring. Our ongoing analysis has been pointing towards a target price of $1 or more by the end of the third quarter of the year.
The recent surge in market capitalization reflects renewed investor confidence and a growing interest in XRP as a digital asset. As we've observed, this cryptocurrency has been on an upward trajectory, bolstered by various factors such as increased adoption, positive sentiment, and favorable market conditions.
This optimistic outlook for XRP is in line with our previous discussions and analysis, where we've highlighted the potential for this digital asset to perform well in the coming months. The target of $1 or above by the end of Q3 remains a key milestone, and we will continue to closely monitor market developments, news, and events that may impact this projection.
It's worth noting that the cryptocurrency market can be highly volatile, and price predictions are subject to change based on various factors. However, the current trajectory of XRP suggests that it is well-positioned to meet or even surpass the $1 milestone by the end of the third quarter, which is an exciting prospect for investors and enthusiasts alike.
XRP 🌧️ In One Week? Cloudy weather with some sun lies ahead for the overall global crypto market in the next 24 hours. This translates into a slightly bearish market with downside risk. However, Ether trades in sunnier conditions, indicating potential upside. ☀️
Over a one-week horizon, the forecast is mixed with sunny trading conditions ☀️ for both major cryptocurrencies – Bitcoin and Ether, as well as Binance. Other altcoins such as XRP, Litecoin, and Cardano face 🌧️ rainy if not stormy trading conditions, signaling a bear market with a possible downward trend.
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Ripple, July’s top moverXRP, the cryptocurrency issued by Ripple had the biggest move in July, by more than +42% increase. Following the court decision in favor of Ripple in the lawsuit against the SEC the cryptocurrency saw immense boost in its price pushing it past $0,80. This is the first industry win against the SEC, and sets the precedent for other crypto assets, tokens and securities regulation in the United States.
On the technical side the massive spike in volatility is currently followed by a cooldown period and this is why we see a sideway movement on the daily chart of the coin. Currently the faster moving average is trading well above the slower one indicating that the overall bullish trend is still valid while the Stochastic oscillator is recording extreme oversold levels further supporting the narrative of potential buying power still able to move the price to the upside.
The levels of $0.65900 & $0.76 are what is considered the technical support and resistance areas respectively since they consist of the 50% and 23.6% of the daily Fibonacci retracement levels
Overview: XRP MARKETCAPThis is an updated chart, visualizing the XRP Marketcap in a bigger picture.
It's a great way too remind yourself that we are in a bullish market, even though this year
hasn't been too exciting (so far).
From a technical perspective, the XRP marketcap is moving in a big symmetrical triangle/bull flag after the surge in price in 2017.
There seems to be more regulatory clarity, which leads to more institutional investors/users joining Ripple.
A breakout and a continuation of the aggressive upwards trend aligns with a possible bullish Q4 2023/ Q1 2024 and the upcoming Bitcoin Halving.
Please Boost this idea if you like it. This will help the algorithm and motivates me to push more educational videos for you :)
Cheers,
Ares
XRP Futures Contract Open Interest Tops $1.1 BillionOpen interest in XRP futures contracts crossed the $1.1 billion mark in the past 24 hours, surpassing the $1 billion hit last week and marking a new high for the year. Open interest, or the number of futures contracts that haven't been settled, has risen 21% since Tuesday. The majority of these positions, worth $443 million, are held by cryptocurrency exchange Binance, followed by Bitget, worth $250 million.
Can XRP reach $35+The top chart shows XRP market cap whereas the bottom chart shows XRP/USDT.
According to the trend analysis of XRP market cap, its highly likely that the peak will be somewhere around $1.3 TRILLION if flippening happens (overtaking BTC as the biggest crypto by market cap at the peak of the cycle).
Last flippening happened during 1st Jan 2018 when XRP became Rank 1 by market cap.
$35 derived from the percentage gain of the market cap sounds hypothetical because billions of XRPs are being released from escrow account to increase the supply, which is controlled by consensus.
In such scenarios the best possible thing to do is to observe the market cap.
Once market cap reaches $1.3 Trillion or 1.618 blue line of the fib channel, you can exit.
These are just my views on XRP token.
In the above statements, the term "market cap" refers to XRP market cap only.
Do your own due diligence before taking any action.
What is your target on XRP?
Do share your views as well.
Peace!!