Xrpusdttechnicalanalysis — Trading Ideas on TradingView

XRPUSDT - FACES PRESSURE - WILL SUPPORT HOLD OR BREAK?Symbol - XRPUSDT CMP - 2.1850 XRPUSDT remains under pressure despite the release of relatively positive news. The asset, currently in a downtrend, continues to test a critical support level, with the likelihood of a breakdown increasing. XRP is consistently testing a robust support zone on the weekly timeframe. In the medium term, two potential scenarios could unfold, contingent on the overall market sentiment. Should the current market conditions persist, the probability of a downside breakdown and further decline becomes significantly higher. At present, attention is centered on the key support level at 2.0637, where retests are occurring. However, the response to these retests is progressively weaker, which raises the likelihood of a continued decline towards the 1.90 - 1.63 range. Resistance levels: 2.2650, 2.3650, 2.5090 Support levels: 2.0637, 1.9000 The broader cryptocurrency market is facing challenging conditions, including the ongoing tariff war, high inflation, declining stock markets, and a sense of disillusionment within the crypto community due to unmet expectations. Until these macroeconomic factors show signs of improvement, the technical outlook for XRP remains negative, and further declines may occur after a brief correction.

XRPUSDT - FORMING A BULLISH STRUCTURE Symbol - XRPUSDT CMP - 2.5500 XRPUSDT has been exhibiting a range-bound behavior recently, currently trading within a symmetrical triangle formation, indicating potential for a breakout in either direction. This pattern suggests that there is a convergence of support and resistance, and the price could move decisively once it breaks out of this range. Price is also forming a support area, suggesting a strong foundation for a potential upward move, especially if key levels are breached. While the symmetrical triangle is a typical continuation pattern, the direction of the breakout is still uncertain due to the consolidation phase. Both upward and downward movements are possible depending on how the price interacts with key levels in the near term. I am closely monitoring the price action at these levels, as it could provide the clues necessary to gauge the next potential move. From a fundamental perspective, the XRP market has seen some buzz surrounding the potential approval of an XRP-based ETF. This rumor has stirred investor sentiment, making the $2.83 level an important threshold. A break and consolidation above this level could trigger a continuation of the upside, especially if positive developments around the ETF rumor materialize. This could act as a major catalyst for a rally, especially if the broader market conditions remain favorable. Key Support levels: $2.51, $2.00 Key Resistance levels: $2.83, $3.10 If XRP manages to break and hold above $2.83, it could initiate an upward push towards higher resistance levels, potentially igniting a stronger bullish momentum. However, caution should be exercised as the price could first face a retest of support before making any significant movement. On the other hand, we should also keep an eye on the $2.51 - $2.48 level. A break of this support level could indicate a shift towards a downward trend, sending the price to test lower supports. However, if the price holds above this level, it could form a rebound, giving bulls another chance to push the price higher. On both the daily and weekly timeframes, the consolidation following the recent rally remains a positive sign, suggesting that the upward momentum could resume once the price breaks out of the symmetrical triangle. As we navigate this phase, both long and short setups are still valid, depending on how the price behaves in relation to these key levels. In summary, the market is in a phase of consolidation with a potential for upside movement if key resistance levels are cleared, especially with the underlying ETF rumors providing additional bullish sentiment. On the flip side, any breach of support levels could signal a corrective phase.

XRPUSDT - CORRECTION WITHIN BULLISH TREND?Symbol - XRPUSDT Yesterday evening, XRPUSDT retraced the previous decline but encountered significant resistance, which defines the upper boundary of the descending channel. This may lead to a potential correction. Following a notable upward movement, XRP is now entering a corrective phase, which is occurring within a descending channel or flag pattern. The nature of this pattern suggests a continuation of the prevailing trend, with the broader market trend remaining bullish. From a technical perspective, a false breakout of resistance and a subsequent correction are plausible, with a potential pullback to the 3000 level before the market begins to develop the momentum for a breakout of the channel’s resistance, thus facilitating further upward movement. Key support levels: 3000, 2900 Key resistance levels: 3145, 3200 The liquidity zone between 3145 and 3200 may initially prevent the price from breaking higher. In the short term, I anticipate a false breakout followed by a correction to the targets outlined in the chart.

XRPUSDT Wave Counts Hi, As per my analysis in upcoming days or in this month we can see a level breakout of xrp .7400 which is a sign of continuation of bullish trend if this level is taken out Hope for the best Thanks Ishu Prajapati

xrpusdt long xrpusdt Long /Short Entry with Exit Points ,Follow The Chart Support /Resistance For Swing Trades For Maximum Gain ,Scalp tp are (3-4 Days) Tp /Entry(support ) -exit (resistance) Are Mentioned In Chart i m bullish on xrp ,bullrun target is ultra mega tps 5$ ,10$,22$ Important: Always Use Low Lev Never Gamble N Greed .