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xrp trend and how to capture it xrp is the small coin trading between range of almost below 2.00 to above 0.500 due to its high volatility i switched to monthly time frame, so if you are a short trader or can absorb the extra ups and downs of the coin and has longer horizon then only it is applicable according to this setup As we see from the start the coin opened and made lower low and later after 2 years it breakout and went up high since the breakout price give huge upside but retracing back to 0.7 on fibs we have found two similar action in past, currently the price seem to be declining and coming back to fib 0.7, which on price chart is (0.5200 to 0.500) << BUY >> Target of 3.400 (based on fib extension) and Stop loss of 0.2990 (below the ascending uptrend dotted black line) NOTE: only for investment purpose trade only you have some confluence with my idea initiate your trade according to your style and strategy Let know your views and opinions in the comment
Long
by Jimmy_Rebello
#XRP/USDT 4HOUR UPDATE !!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. XRP/USDT UPDATE! As we can see in the above-mentioned chart that XRP is trading inside a parallel channel pattern and is currently rejected from the middle band at a price range of $0.3480. As here some correction is likely and again can fall down to lower trend line support just like before. So we can see a bounce from the lower support level towards the upper trend resistance level. Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. Thank you.
by CryptoSanders9563
XRP is making its MOVE for 20% by March endBYBIT:XRPUSDT BYBIT:XRPUSDC BINANCE:XRPUSDT BINANCE:XRPUSDT.P Prediction for this Week(25-03-2024 till 31-03-2024) XRP is the Verge of 20% explosion by this weekend The expected Target for this week will be $0.7 to reach to the Target we might see Resistance @ 0.65-0.66 Price range or possibly if the fluctuation will be HIGH then XRP will break the Resistance and Directly reach to the Target Price in this week and eventually the $0.65-$0.66 range will later act as Support for the Next Bullish Momentum. Caution: The shared price levels are my own personal analysis and should not be considered for any financial Decision. Kindly Do your own analysis for any Trade execution and financial Decision and take financial advisor advice.
Long
by TradeMing
XRP is going for the 20% Move by WeekendBYBIT:XRPUSDT BYBIT:XRPUSDC BINANCE:XRPUSDT BINANCE:XRPUSDT.P Prediction for this Week(25-03-2024 till 31-03-2024) XRP is the Verge of 20% explosion by this weekend The expected Ideal Target for this week will be $0.7 with a Possible High $0.75-0.77 to reach to the Target we might see Resistance @ 0.65-0.66 Price range or possibly if the fluctuation will be HIGH then XRP will break the Resistance and Directly reach to the Target Price in this week and eventually the $0.65-$0.66 range will later act as Support for the Next Bullish Momentum. Caution: The shared price levels are my own personal analysis and should not be considered for any financial Decision. Kindly Do your own analysis for any Trade execution and financial Decision and take financial advisor advice.
Long
by TradeMing
Ripple Long-Term ViewRipple(XRP/USD) Ripple Overview Ripple(XRP/USD) has suffered about 91+% correction(drop) since all time high-level price($3.3+) reached in January’18.It has seen significant upward movement in the month of September’18(110+%) and is now retesting a major support level. Let us continue to analyze price action for Ripple(XRP/USD) over the long term and proceed to highlight any potential areas of support and resistance moving forward. Long-Term Analysis (Monthly Timeframe) Scenario 1: Bullish (Uptrend) The bullish argument one can see on the XRP/USD chart is that it has been respecting the long-term trend-line(since July'17) pretty well. The trend-line was tested in September'18 which lead to a movement of 110+% upside. It is retesting again now and we might see an upside movement to the Resistance Zone 1 ranging from $0.63--$0.71 if the Support Zone from $0.16--$0.29 holds well. Support Zone is quite a strong area of bounce as its the previous year resistance now turned support. If Ripple held the trend-line then it might follow path "1" as specified in the chart. If it manages to close above "Resistance(Sell) Zone 1" then it will retest "Resistance(Sell) Zone 2" ranging from -$0.84--$0.98 within few months which might show some sign of bullish confirmation. Stochastic RSI is also in the oversold region with an upward trend. Scenario 2: Bearish (Downtrend) If the monthly candle(December) closes below $0.28 and the trend-line doesn't hold up then we might follow the path "2". If the trend-line is broken with strong sell volume then the trend-line will act as a strong resistance area to break in the future. Generally, if the trend-line is retested multiple times then it becomes weaker. Note: Monthly time frame charts illustrates the movement of price over a long-term horizon and are most often used by long-term investors. Short-Term Analysis (Daily and Weekly) Scenario 1: Bullish (Uptrend) The weekly chart of (XRP/USD) shows that the long downtrend line(red dotted) has been broken with significant buy volume showing bullish signs. It tested the support zone and jumped 110+% in September'18 proving this zone to be strong support. If this support zone held in the coming weeks/month then we might retest the Resistance Zone 1 ranging from $0.58--$0.70. We get the confirmations of the next bull cycle only if the Resistance zone 2 ranging from $0.88-$1 is broken with significant buy volume. Scenario 2: Bearish (Downtrend) If the support zone is broken with significant sell volume then we might test area of $0.07-0.14$ price levels and support zone will act as a strong resistance area to be broken in the near future. News and event analysis: One of the major catalyst which happened in the past that, 42nd President of the United States Bill Clinton was a keynote speaker in the Swell conference held in the October'18. Many banks are experimenting with its Ripple network(xRapid) for money transfer across borders. There is still decision to be made by SEC(USA) authorities whether or not Ripple is security. Conclusion: Ripple remains in 2nd position, in terms of overall market cap rankings along with Bitcoin and Ethereum. The 65-month-old coin is now experiencing its first bear market and has already corrected enough(91% down) to commence its new bull cycle in coming weeks/months. People likely showed interest in Ripple as it offers a cheap alternative in terms of asset price when compared to bitcoin and other crypto assets with good fundamentals. The only concern lies with Ripple is of categorizing it to be a Security which might lead to retail traders not able to participate in trading.
BITSTAMP:XRPUSD
by coinswitch-trading