RIPPLE trade ideas
XRP Sees Largest Whale Accumulation in 90 Days: Potential ImpactXRP was able to bounce back strongly after falling near a multi-month low value indicating a potential increase in demand.
Large wallets (whales) have Accumulated Nearly 70 Million XRP tokens in the last couple of sessions.
The XRP crypto has shown remarkable resilience by holding above a crucial support level for the past 11 months. Furthermore, the recent increase in whale accumulation over the last couple of sessions indicates that large holders are looking to defend the support. This bodes well for the future of XRP and suggests that we may see increased interest and investment ahead.
It's possible that this could unlock the door to a potential turnaround and bring an end to the downward trend that XRP has been experiencing.
Whales Transaction In XRP At its Peak In The Past 3 Months?
In the previous week, the value of XRP had been decreasing and it reached an 11-month low, losing 22% in just one week. This sudden decline caused worry about the psychological support of the $0.5 level and the 11-month low.
However, it seems that big investors, also known as "whales," were aware of this issue and have started taking action to prevent it. In the last couple of sessions, addresses holding between 1 million and 10 million XRP have added over 70 million XRP to their wallets. This purchase, worth more than $35 million, is the largest buying noted in the past three months.
Whales aim to accumulate profits, hence they are accumulating the crypto. Furthermore, The possibility of the XRP price dropping below USD 0.50 is low, and higher chances are bouncing back. The whales could capitalize on this by purchasing XRP at a low price and potentially reaping profits later.
Currently, the XRP token is among the few altcoins whose supply in profit is below 75 percent. This is just the second time in almost a year that profitable supply has fallen so sharply.
Typically, a market peak is reached when more than 95 percent of the circulating supply records profits. Therefore, XRP still has room for growth, which could serve as a strong motivation for investors to add the token to their wallets.
XRP: Is Now A Good Time To Buy?
A closer look at the price action reveals that the losing momentum is occurring near the support levels, which further increases the possibility of a bullish trend emerging. In fact, if the XRP price bounces, it could result in the formation of a double bottom pattern near the support, signaling a potential reversal in trend. If this pattern does indeed emerge, it could trigger a strong bullish wave in the cryptocurrency.
Overall, the recent price action in XRP indicates that a potential shift in trend may be on the horizon, with a bullish trend becoming increasingly likely.
the asset is showing bullish strengthXRP price prediction highlights a tough battle between bulls and bears and shows a narrow trading range on the crypto between $0.5000 to $0.7500. The recent price structure suggests that the XRP price is trying to sustain at a support level, to retest the supply level.
Moreover, the trading volume on all tradeable platforms for the XRP crypto is 1.06 Billion with a market capitalization of 33.12 Billion. Meanwhile, its Volume to market cap ratio is 0.0315, and its overall circulating supply is 55.05 Billion.
The XRP asset is expressing bullish behavior and shows that it has the opportunity to increase further. Despite negative performance on weekly and monthly terms by -4.39%, and -3.17% respectively, the price is trying to hold on over the support level at $0.5600.
The support taken by the XRP crypto has indicated a sign of a possible turnaround on the daily chart as well. This shows the possibility for the price to rise and the current support of $0.5600 could become a key level on the chart.
Therefore, according to XRP price prediction, the asset is showing bullish strength and rising potential as it has recently been trying to surge past above the major 20, and 50-day EMA's. Furthermore, the XRP crypto asset showing bullishness as the MACD line has started to converge and has been approaching the signal line to cut from below, which could lead to the formation of the bullish cross in the coming sessions.
Likewise, the RSI shows no signs of overbought conditions yet and has started to take support from 14-SMA, suggesting that the XRP asset has more room to grow.
At the time of writing, the XRP crypto is experiencing a surge of 2.32% in the last 24 hours and is currently trading at $0.6087.
Hence, if the demand for the XRP rises, the asset price could bounce back strongly from the current level. The next target for the price could be to reach $0.6500, and $0.7000.
However, if the XRP crypto price fails to stay above the $0.5600 level, it could decline further.
XRP will shock everyoneHey Guys,
Those who will not buy XRP in March-2024 they all are going to cry in March-2025. There is still time to buy XRP.
If you see XRP below channel trendline for then haven't left it at all, This will change your life
See chart for more understanding..!!
Disclaimer: I am not financial Advisor, This is my opinion I am some guy on the Internet...!! Crypto market is highly volatile, Do your own research and jump into the trade.
XRP/USDT RIPPLE Ready for $10 in bull market ?#XRP/USDT Bull Market Technical Analysis:
➡️ Last bull #XRP seriously underperformed while stuck fighting the #SEC
➡️ BTC hit new highs while XRP failed to pass 2017's $3.30 ATH
But with the SEC case now won - the floodgates may finally BE OPEN!
➡️ Similar triangle breakdown to 2017 is FORMING!
➡️ If 2017's 40,000% pump repeats - we could see mind-blowing $10+ XRP!
➡️ Survived 2,291 (6+ Years) brutal bear days - this coiling pattern signals Ripple's ready to ERUPT!
My Accumulation Zone: $0.40 - $0.50
Targets: $0.90/$1.95/$4/$7/$10+( bonus )
If you believe in parabolas, triangles, and cycles - CRYPTOCAP:XRP may be on the launching pad again here!!
XRP, XLM, XDC Similar wedges at different time horizon I adjusted a pitchfork to reveal a wedge (bull flag)
These assets have developed the same wedge pattern (bull flag) in slightly varying forms with differing time horizons.
XRP - cross border payment settlement
XLM - local payment settlement
XDC - smart contracts & tokenization of financial assets
This batch of tokens has been under-hyped and likely under valued. Likely due to the government sanctioned heist involving S.B.F and FTX scaring the masses away from crypto with the "Wild, Wild West" risk and losses that lead to the demand by the masses to regulate blockchain/crypto. Like any new tech that surfaces.
If the DXY falls further, these assets may step into the light.
Does anyone have extensive charts on the DXY?
What happened to crypto the last time banks crashed?
Are banks crashing again?
DO YOUR OWN RESEARCH!!
DONT INVEST, ONLY TRADE!!
Performance time for XRPNote the Fib Channel lines from Q1 2021. Then the Fib Channels between those lines and where the 0.618 of those intersect with the price. Where the price goes, no dumb $ really knowns. It has certainly been a rough road for HODLers.
What I find most interesting is the fact that the price did a "rise, retrace, continuation" at the macro 0.236, maybe twice. The X-A-B portion of the Gartly pattern may be a larger "rise, retrace, continuation".
Price may not go far below $0.55 for long, but definitely expect a retest. Last year Ripple's escrow put 1billion(?) XRP on the market them moved 700million(?) back to escrow causing the price to dip down to $0.30, so buckle up for Q1 2024.
There is an intersection where the center of one of the pitchforks meets a 0.618 (golden line) on Dec. 25th. It is likely bait for dumb $. I think we have already seen the "Santa Clause Rally" in other tokens. I have set an alert in case price moves up.
Time will tell where XRP goes. I speculate XRP stays above that 0.236, $0.55.
XRP is hitting some turbulence📉 XRP is hitting some turbulence.
🚨 The trend line has been broken, and it's shouting 'SHORT' right now. 📉
💥 The next support we're eyeing is at 0.48237. But don't think it's going to be a smooth ride.
💨 Momentum has been disrupted, and the market needs a small bleed. Macd? Yeah, it's showing negative signs too.
📊 The 1-hour chart volume? Pretty low. 📉
📅 It's a weekend, and you know what that means. Things can get wild. 🌪️
Hold on tight and watch your steps. This XRP ride might be bumpy.
🛡️ Remember, never enter a battle without your armor, so set your stop-loss and always be ready for the market's surprises.
📢 Share your insights and observations, what's your take on XRP? Comment below and let's discuss! 🔥
#XRP #TradingTalk #WeekendInsights #CryptoUpdate
Got My Trade in XRPUSDThe only thing you need to remember is that in trading, incurring losses is quite common, even if you are correct in your analysis
Previously, the market had gone against us, and, considering the present market conditions, I conducted my analysis, made my entry, and secured my profits.
It's almost time for XRP to flyXRP have been consolidating in this range from a long time and looking at both technical and fundamental aspects of XRP, it's almost time.
Buying spot XRP splits.
at rejection of trendline
and at breakout red range I have marked
will see if it taps the red trendline again too. I'll add bigger position on rejection of that area
XRP TA price action analysis buy area is green book is prefect area
yellow box is for book profit or invested amount
red box is for exit according to my TA based on price action
before exiting keep on eye on market sentiments
DATES may go up & down to reach targets
BUT
targets r perfect triggering points
only for long term holders
if u want daily trading setup
let me know