looks like a Short to the 0.618appears that xrp may retrace down to $0.62 before continuing up. Broke out to the downside of the daily triangle that was being formed and the projection of that lines up with the 0.618 fib level.
Also zoom out on the daily and weekly time frames and have a look at the fib patterns from 2017 compared to now and how it lines up with previous ideas I've published and the overall uptrend channel on the chart
I customized the fib (far right and far left) to simplify the story that the smaller fibs are showing.
Not financial advise just my insights. ;-)
Xrpusdshort
Ripple is approaching sell zoneAfter the double bottom from around 0.5, XrpUsd has risen nicely, gaining almost 0.25 usd
Now the cryptocurrency is approaching 0.8 which should be a strong sell zone and technical resistance
Rallies to that zone should be sold for at least a correction to 0.7 now support
XRP Sell the breakdown.Ripple - Intraday - We look to Sell a break of 0.6961 (stop at 0.7151)
We are trading at overbought extremes.
Bearish divergence is expected to cap gains.
A higher correction is expected.
A break of bespoke support at 0.7000, and the move lower is already underway.
Our profit targets will be 0.6412 and 0.6312
Resistance: 0.7400 / 0.7600 / 0.7800
Support: 0.7000 / 0.6800 / 0.6500
ETH, XRP, BTC ---> USD based pairings.You can see that we are back to that previous 4H zone and the price is having a hard time breaching that level (200 MA) is right above. If there isn't sufficient to change the momentum, my previous bearish bias still stands. The green path is what is least expected, the red path is what is (overall) expected. The bottom Zone edge or Baseline of that zone are expected TP ranges. What we have seen is just corrections against the prevailing trend. Remember, impulse waves are narrow and thin (go somewhere, make progress) and corrective movements are wide and fat.
The Only XRP Technical Analysis You NeedLike what I predicted in my past few TA's, crypto and the stock market is trending towards the downside both in respect to other markets (bonds) and the FED's sentiment (inflation). BUT, as bearish I've been with my past TA's and things unfolding to the downside, I want to give a quick update and share what the next moves could be. Remember this is not a financial advice.
I'm still leaning towards BTC going down to 12-24k, but with how things are unfolding, I'm beginning to think there will be a set up for both bull and bear trap before going down to the indicated targets. I would not be surprised if we get a rally towards 40-50k before heading down to 24k. I would assume both exchanges and whales will attempt to liquidate both long and short positions. According to my BTC chart and my stock market charts, I'm expecting to see one more leg up for BTC before going to the downside. So be careful if you're thinking about having a short or long position. In the past, whales have been able to manipulate the market and increase the price by 20-30% in a matter of hours, and bring it down as quickly too. In the past Tether printed more USDT and bough bitcoin with it, few days later Tesla and Elon announced that they're buying bitcoin which prompted a rally towards the 60k btc. I've been tracking both whale wallets and different crypto exchange movements, and they have been printing more USDC and USDT, while also injecting more coins in these crypto exchanges. Be very careful.
xo
Ripple- preparing for a breakSince the end of June Ripple is putting in lower highs and it has a clear floor around 0.6 figure.
As I expect a new wave of selling in the crypto market, Ripple will not be spared for sure.
I will look to sell with a first target at 0.5 support but in the medium term, XrpUsd can drop to 0.4
XRP > Parallel Channel > Dump?Hello Friends,
Hope you all are having a thrill in your trading journey.
I am presenting you my analysis of XRP.
According to my technical analysis, XRP is going down as it is following a strict trendline. So, I am short on Ripple.
"My analysis is valid until we don't see a breakout from the parallel channel from upside"
I hope my analysis is pretty clear to you guys.
Kindly do your own research and follow proper risk management.
Feel free to share your views in the comment section. Like and Follow!
Best Regards,
Shaswat Naman
TradeThrill, India🇮🇳
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Ripple is pressing supportAfter the recent drop to 0.5, Ripple corrected to 0.75, but has started to fall again, making lower highs and the recent price action is resembling a descending triangle.
0.6 is the base of this triangle and a drop under looks imminent.
Short therm traders can target 0.5 support
XRP could continue to FALL sharply!Hey tradomaniacs,
after a breakout of the trendchannel and a re-test of the support-zone we have seen volatile absoprtion of strong holders which are now likely to get stopped out of the market continues to fall!
The resistance is holding for now, and if bitcoin breaks below the range as I expect it is more than likely to see ALT-COINS blood aswell.
Technically, with the previous rejection of the ex-demand-zone worth to give it a try!
Let`s see :-)
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XRP Short continuedI didn't like the zones as much as I liked them from the 2H level (Orange/Yellow - 2H zones with aqua BL). What I find interesting is that the BASE AOI has a lot of interesting bits of information inside. You can see at the 1H level a nice prior zone now SWAP that price is playing with the 1H BL as support. I am still looking for associated price action to stay bearish based on price below the Fib wave, Price below the key areas within the FxAST RSI, and the MACD showing us that sellers are in the market.
Posting all charts here so you can see the Renko confirmation next to the TF-based chart.
XRP LOST THE MAIN SUPPORT and here is what will happen next !in may-31 i predicted the xrp H H will be 1.10 atm ( i added my idea to related ideas )
its the last drop for XRP and i dont see any further drop for XRP in this year but the main key is the drop still didnt finish yet
actually the main supports of XRP are gone due to bitcoin acts .
The lost supports are : 0.7 - 0.65 - 0.6 and 0.55
mostly we will go up from 0.45 or 0.43 to the 0.55 or 0.6 zone but to me its not a good buy point YET
TP1: 0.5
TP2: 0.4
TP3. 0.3 and lower mostly ;-)
i did buy some % of my bag in 0.55 and resold on 0.62 because the market didnt act well *
regards
Ripple- Next target 0.4?As expected, XrpUsd has broken 0.8 support and now is trading at 0.75
My outlook for the crypto market remains grossly bearish and I expect Ripple to reach 0.4 in the next wave of selling
0.8 is now resistance and rallies to that zone should be sold
Only Ripple above 1usd would put a pause on this outlook
XRP - 15min Chart - Short scenarioLooking to take a Short if price should move as drawn with the blue arrow:
- Price moves above the blue line
- Price drops again under it where i plan to take on a retest to short
- Nice confluence with Fib Levels aswell Weekly open
Dont forget:
- Watch your Risk management
- DYOR (Do-Your-Own-Research)
- This information / article is only for educational purporses and not a recommendation to buy or sell.
I'm not a Financial Advisor.
Thanks for reading!
trader_se
XRP technical levels fade while freefall to $0.65 beckonsRipple has embraced downward price action since the beginning of June. The international money transfer token crashed from $1.71 to $0.65 in May but recovered to highs around $1.1 at the beginning of June.
In the last week, the overall general outlook in the market has seen XRP bulls fight a losing battle. Initially, buyers focused on gains above $1, but the barrier at $1.1 only got them exhausted.
Meanwhile, the aggressive bearish wave in the market, especially this week, forced Ripple to explore the rabbit hole. Support at $0.9 and $0.8 did little to halt the declines; thus, XRP revisited a previous anchor at $0.78.
Ripple's technical picture adds credence to the bearish outlook
Many analysts believe that this a bear cycle and that Ripple may drop further. The short-term technical outlook confirms this narrative. For instance, the Moving Average Convergence Divergence (MACD) continues to dip inside the negative region. Additionally, the MACD line (blue) recently crossed beneath the signal line, a critical bearish signal.
Similarly, the Relative Strength Index (RSI), a technical indicator tracking the trend of an asset and measuring its momentum, reinforced the bearish tightening grip. Another approach in the oversold region shows that sellers have the upper hand.
For now, the path with minor hurdles is downward. Hence, immediate support between $0.78 and $0.8 is crucial for the bulls to resume the uptrend. However, another swing south might bring XRP near the primary support in May at $0.65.
Ripple intraday levels
Spot rate: $0.84
Trend: Bearish
Volatility: Low
Support: $0.78 and $0.65
Resistance: $0.9 and $1
Monday: RIPPLE PART 2 - week 23Ripple is not really going anywhere, it just keep correcting. The structure is making flat-structures, but they are all very short-term setups, and to take advantage of these opportunities it's all about timing, and being able to enter and exit positions quickly and swiftly. It's hard to update these trades and ideas in real-time here on tradingview, but if you understand market structure, then you understand how to adapt and identify to the market structure scenarios unfolding and you know how to take advantage of them.
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the support!
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XRP - Bearish Short TermXPR on the 8HR time frame has had candles close bellow the "Ascending lower trend line" breaking this symmetrical triangle. If the price falls and closes bellow the pivot level of $0.88 then it will start forming lower lows instead of higher high's pattern previously.
$0.82 is a crucial key level of support when zooming out & viewing other larger time frames. We must hold above this to remain bullish short term.
$1.05 is currently our key level of resistance that the price action struggled to break. If XRP can break this then the price will head back to $1.30.
-Consolidation within the price of XRP has been moving slow recently inside the symmetrical triangle. So it's more likely XRP will drop slightly lower to retest previous zones, then have a huge uptrend breakout; maintaining bullish long term 2021 :)
XRP Projection EntriesTA -
Broke current trend channel down after hitting a major Resistance Zone around 1.05.
1H retest of 0.986 - 0.995 HL Zone and MacD going green for a bit soon to come back up and retest support and VWAP before a dump. Bullish If it closes above last swing high.
4H MacD slowing momentum. Might see red soon. A 4h MacD dump is usually steep. Possible dump to daily trend ZONE 0.87 - 0.92 if it falls violently.
-I would only enter after a retest of a sup or resistance zone if you are unsure.-