XRPBTC trade ideas
XRP/BTC Main trend. Channel. Turning zones 03/15/2024Logarithm. Completion time 1 month. Horizontal channel and reversal (reaction) zones for work. For clarity, I showed percentages of key support/resistance levels.
The line graph is now at 03/2024.
The queue for pumping cryptocurrencies by liquidity and “crowd involvement”.
Remember this is a pair to Bitcoin. As a rule, the market brand, that is, BTC, is the first to move in a trend. After some time, when the crowd “stops being afraid”, along with the growth of BTC, low liquidity altcoins begin to pump, then medium liquidity and ETH. And only then, with Bitcoin consolidation or a local rollback, does a significant increase in XRP prices begin.
By understanding the sequence and time when “big capital” transfers money from one liquid trading instrument to another and back according to a developing trend, you can double your profits.
Trading pair XRP/USD.
Similar to the main trend towards clarity. Published 07/2022 but now more relevant than ever in the near future before the huge triangle breaks out.
XRP/USD Main trend
The same key zone. Publication 07 2022.
XRP/USD Main trend (part) Triangle
Since 1 year and 8 months have passed since publication, it is worth going to ideas 1 and 2 for USD and clicking “play” on the chart to understand where the price has come.
Let me remind you again. Understanding the current values of BTC/USD and the XRP/BTC pair can help you understand when the key price movement in the XRP/USD pair will occur and what its local potential (relative to the trend) is, as well as what manipulations may occur. What to expect in the medium and maximum term from this hype trading tool.
XRP/BTC - Bullish XRP/BTC 1W Analysis:
XRP is testing the trendline post-breakout, signalling a possible shift!
RSI climbing up from the oversold area, and we're seeing a bullish MACD crossover below zero. Volume is on the rise, too, which indicates increased interest in XRP.
All these signs indicate a potential bullish momentum, suggesting XRP might strengthen against Bitcoin in the near term.
XRP/BTC - XRP: Super Trend◳◱ On the $XRP/ CRYPTOCAP:BTC chart, the Super Trend pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 0.00000886 | 0.00001007 | 0.00001225 and support near 0.00000668 | 0.00000571 | 0.00000353. Entering trades at 0.00000784 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: XRP
▣ Rank: 8
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Mexc, Kraken
▣ Category/Sector: Payments - Currencies
▣ Overview: XRP is a cryptocurrency aiming to increase the speed and reduce the cost of transferring money between financial institutions. Underpinning Ripple's xRapid product, an on-demand liquidity solution, XRP is used as a bridge currency for financial institutions exchanging value between multiple fiat currencies. XRP is the native token of the XRP Ledger, an open-source cryptographic ledger powered by a peer-to-peer network of nodes.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00000784 ₿
▣ 24HVol: 275.993 ₿
▣ 24H Chng: -0.508%
▣ 7-Days Chng: -8.86%
▣ 1-Month Chng: -18.36%
▣ 3-Months Chng: -9.85%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.00000886 | 0.00001007 | 0.00001225
◢ Support: 0.00000668 | 0.00000571 | 0.00000353
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_SELL
◰◲ Technical Indicators Summary : SELL
◲◰ Sharpe Ratios :
▣ Last 30D: -3.64
▣ Last 90D: -0.28
▣ Last 1-Y: 0.26
▣ Last 3-Y: 0.10
◲◰ Volatility :
▣ Last 30D: 0.77
▣ Last 90D: 0.74
▣ Last 1-Y: 0.94
▣ Last 3-Y: 0.99
◳◰ Market Sentiment Index :
▣ News sentiment score is 0.94 - V. Bullish
▣ Twitter sentiment score is 0.53 - Bullish
▣ Reddit sentiment score is 0.37 - Bearish
▣ In-depth XRPBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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Nothing new for XRPI decided to share the XRP/BTC chart just to show you that there is not something new for XRP. Every time that XRP hit the black line, it pumped in the next days/ weeks. Considering this possible pump against Bitcoin, we can expect a 2x/3x pump for XRP/USDT that could reach a possible price of $1.2/$1.4
XRPBTCToday, I want to share my analysis and bullish perspective on the XRPBTC pair with you. After a thorough examination of current market dynamics and technical indicators, I have come to the conclusion that we are on the verge of a potential rise that could lead us to a specific target area, which I have marked on the chart.
Basis of Analysis:
Trend Analysis: XRPBTC shows signs of an uptrend within a certain timeframe. The formation of higher lows suggests an increasing buying interest.
Support and Resistance Zones: I have identified key zones that serve as significant support and resistance points. A breakthrough above these zones could pave the way for further gains.
Technical Indicators: Several indicators, including MACD and RSI, are showing bullish signals. In particular, the MACD is approaching a bullish crossover, while the RSI still has room to move up before overbought conditions are reached.
Market Sentiment and External Factors: In addition to technical analysis, I also consider the overall market sentiment and external influences that could affect the price movement of XRPBTC.
Trading Strategy:
Based on my analysis, I recommend a cautious approach. For those considering a long position, it might be advisable to wait for a clear breakthrough above the next resistance zone before entering. Set stop losses appropriately to protect your capital, and have target areas in mind to realize profits.
Risk Notice:
As with any trading decision, it's important to conduct your own research and follow a risk management strategy. The markets are volatile, and while the indicators may be bullish, there are no guarantees for future profits.
I look forward to your thoughts and discussions on this analysis. Let's monitor the developments together and learn from each other.