XRP(Ripple) Something BIG is coming SOONHello Crypto-Community,
It’s wrong to check futuristic XRP price predictions without hovering over its near-past specially last year 2021...
XRPUSDT 1D:
Fundamental analysis:
For those who don't know, XRP is said to be centralized, it is closely associated with several banks, investment companies, and organizations worldwide, it is also strongly affected by SEC (US Securities and Exchange Commission) since 2020.
From April to June 2021, the market saw a strong drop in the XRP rate more than two times: from $1.83 to $0.51. This happened amid the ongoing litigation between the SEC and Ripple, In June, the SEC requested to extend the case consideration by two months, which the court granted. From June to the beginning of September, against the backdrop of a lull in the court, XRP’s rate increased from $0.51 to $1.39.
On December 4 2021, the asset lost around 30% within a day. Although all cryptocurrencies declined that day, Ripple was the worst-hit crypto amid the overall market plunge. Such a dramatic fall was caused by the unstable Ripple market position driven by the SEC lawsuit.
This indicates that this coin is highly sensitive to fundamental analysis (i.e. SEC decisions) !
As for technical analysis:
The first strong supply zone resistance is $0.557, and the second one is $0.725.
XRP formed a double top and double bottom which may indicate increase or decrease in price.
Bollinger Band squeeze indicates decrease in volatility for now before price action (up or low momentum)
Volumes seems to be normal no significant changes assessed.
In my point of view:
XRP (or centralized coins in general) cause in most cases "Headaches" and should be avoided for more risk managed trading.
Never forget that Ripple became stuck in a lawsuit with the Securities and Exchange Commission (SEC).
Based on what i stated, i would like to demonstrate my predictions on the chart above
Feel free to see it.
Best wishes to all traders worldwide
XRPUST trade ideas
#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.
💡Don't miss the great buy opportunity in XRPUSD @RippleTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.4673).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XRPUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
Take Profits:
TP1= @ 0.5077
TP2= @ 0.5289
TP3= @ 0.5495
TP4= @ 0.5872
TP5= @ 0.6148
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
XRP Pullback in playHey guys, it's been a long over due update on the markets. Although, not much has changed on the crypto forefront. With most coins ranging(accumulation).
However we did spot something interesting on #XRP. The price has formed a higher high structure after holding support of 0.2-0.3 very well and a strong monthly bullish engulfing candle closure. This means if we retrace back towards the daily sub demand level to grab liquidity and hold, we could see #xrp absolutely blast through towards the weekly supply zone of 0.67 - 0.85 zone.
Also the RSI on the weekly is forming bullish patterns (swipe) which is yet another confluence towards a long overdue upside momentum.
This could be a key area to take some profits if you have been accumulating at current levels. As we all tend to forget we are in a bear market and the price retraces towards the upside only to go lower following bear market structure.
Ripple (XRP) Price Prediction 2022 Ripple (XRP) Price Prediction 2022
Ripple (XRP) holds the 7th position on CoinGecko right now. XRP price prediction 2022 is explained below with a daily time frame.
The above chart of Ripple (XRP) laid out an Ascending Triangle.The ascending triangle is a characteristic pattern of an ongoing bullish trend. This triangle is formed by a horizontal upper trendline that connects the highs and the lower trendline that connects the rising lows. If the trend breaks out at the resistance level, the price will continue to move up in this ascending triangle pattern.
Currently, Ripple (XRP) is in the range of $0.3468. If the pattern continues, the price of XRP might reach the resistance levels of $0.5937. If the trend reverses, then the price of XRP may fall to $0.3309
💡Don't miss the great buy opportunity in XRPUSD @RippleTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.3817).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XRPUSDT is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 78.
Take Profits:
TP1= @ 0.4080
TP2= @ 0.4314
TP3= @ 0.4615
TP4= @ 0.4924
TP5= @ 0.5339
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
