Breakout Confirmed: XRP on the Move Toward $4+🚀 XRP Breakout Alert – 70% Potential Incoming?! 👀🔥
Hey Traders! If you're all about high-conviction plays and real alpha, smash that 👍 and tap Follow for more setups that actually deliver! 💹💯
📈 XRP/USDT – Breakout Alert! 🚀
XRP is breaking out from a long-term falling wedge pattern on the 12H timeframe, signaling the potential for a strong bullish move ahead!
🔹 Entry: CMP $2.39 – Add more up to $2.32
🔹 Targets:
• TP1: $2.85
• TP2: $3.32
• TP3: $3.78
• TP4: $4.13
🔻 Stop-Loss: $2.09
⚙️ Leverage: Up to 5x (Trade responsibly)
This structure mirrors the previous 70%+ pump from the same wedge formation. History might just be ready to repeat. 👀
Let’s ride this breakout with tight risk management! 💥
Xrp
XRP CLIMBS AND A QUICK TECHNICAL🔥 Hey hey, hope all is well, been a few days and figured I'd chime in and we'd do a quick rundown on our technical and look into how our chart's currently playing out, this shouldn't take too long so feel free to join, thanks.
🔥 Right off the bad we can see how this sort of resistance level formed after we last got that channel rejection in April which ended up pushing us further down and down until bulls were able to break that level and get the much sought after breakout which in turn saw our 20,50 day EMA's finally converge which in turn led us to see bulls taking back that 200 EMA which only boosted things propelling us back up into our ascending channel.
🔥 We already know that ascending channel has been doing a lot for us the last few weeks, so it's fair to see that resistance hit again at $2.4 which in itself is a win considering we we're able to establish a higher high versus our last local high on the 28th in which the highest candle closed out at $2.33 so definitely gonna take this latest pull back up as a bullish win.
🔥 Main thing we'll have to watch for now is the bottom of our channel, we already know we'll likely see some price action start trading within the channel as both sides gear up for another tense battle but all of this is excluding a new exciting development for Ripple which I will get into with the next idea.
🔥 Just wanted to keep this idea simple and technical for our technical traders out there, watch that ascending channel and those EMA's. We've already discussed and focused on the fact that the EMA's are lagging indicators but the fact still stands they can give us good confirmation on the trend and it's direction so definitely keep those eyes peeled.
🔥 I've got to run but thanks for tuning in as always for a quick ta, really appreciate it and definitely keep tuned for that next idea with the new development, excited to post on that when I get back and as always, thanks for the support and let's keep our heads up.
Best regards,
~ Rock '
HolderStat┆XRPUSD symmetrical triangle breakout loadingXRP has been compressing in a large symmetrical triangle, with price now testing the upper trendline. A confirmed breakout above $2.40 could trigger a swift move toward the $3.40 zone, reclaiming the highs seen in previous bull runs.
💡 A clean breakout from consolidation signals building strength and renewed investor interest.
This Low Cap Alt will 20-50x (CULT DAO)This crypto cycle has been brutal for alts. There have been massive shakeouts over and over, a relentless onslaught of rug pulls and scams, and the "Pump.fun" casino on Solana that’s drained billions of retail liquidity and transferred it to the few.
The few always seem to win, and the many always seem to lose. Today, if you’re reading this, it might all change.
CULT DAO could easily 20-50x from now until October 2025. Let’s take a look at the MACD divergence.
### Technical Divergence
For 750 days, this bullish divergence has been forming on the histogram MACD. Every new low on price has formed a higher low on the MACD.
Let’s take a look at a case study of what happens when we get this form of divergence.
I traded this exact same pattern in 2022 that resulted in a nearly 425% move. The play function doesn’t work because they rebranded, and that ticker is no longer valid, but you can scroll to the bottom in my comments on that TA and see the move. I’ll post it under this as well.
As you can see, we got that 425% move. Currently, CULT DAO is showing exactly the same histogram divergence.
Here are some examples of zigzag impulses on low-cap alts. You tend not to get 5 waves; instead, you get this zigzag pattern. This is what I predict CULT DAO will do since it’s only a 5 million market cap.
We can also see in the chart that the 0.618 time Fibonacci level hits at the end of October 2025, which is exactly where I think the altcoin market will top. Check out previous TA on that.
This is only scratching the surface of what is to come for CULT DAO. I have presented to you the technical reason why a big move is stirring and why, at the apex of these divergences, the stars align, and you have the catalyst present itself, and boom—the explosive move comes all at once, and it will be extremely volatile because of its low market cap.
### Let’s Start with the Tokenomics
Every time someone sells or buys CULT DAO on Uniswap, there is a 0.40% tax that goes to a treasury. The top 50 stakers get to pass proposals that fund projects/investments. The idea is to remove the centralized component of funding a project.
121 projects have been funded over the last three years with 3 million dollars.
- Total CULT Funded: 479,751,081,214 CULT
- Total ETH Funded: 1,573 ETH
- Proposals Funded: 121
- Total USD Funded: $3,289,596
- Total ETH Burned: 303 ETH
Allocating these funds has been a learning process over the last three years, but every failure has been necessary in preparing the DAO for what’s to come next.
### The Big Catalyst
The creator of CULT DAO has been working on a blockchain that will function on a custom gas token—that’s right, and that custom token will be CULT DAO. You heard correctly.
Every transaction, every deployment on the blockchain will require the CULT DAO token as gas to execute. The implications are massive. There are multiple dApps that are currently being constructed on the Modulus blockchain.
A privacy-first zkEVM blockchain like Modulus means a scalable, Ethereum-compatible blockchain that prioritizes user privacy through zero-knowledge proofs, allowing optional private transactions while maintaining decentralization.
Modulus is a privacy-first zkEVM blockchain and is scheduled to release this year between April and August 2025. I hope now you’re starting to see the picture.
### CULT DAO and ETH Liquidity Pools
So, why does the price of CULT go down if there is currently very little volume? Well, CULT DAO and ETH liquidity pools are tied together, so if the ETH price goes down, so does CULT. In turn, if ETH goes up, so does CULT.
You can see that CULT is nearly at a 1:1 ratio with ETH for now, coming in at a 0.91 ratio.
In other words, if my thesis is correct about ETH and it goes to 15,000 dollars, the price of CULT would be as follows:
- ETH at $10,000:
CULT Price: $0.000005008 (4x increase).
Market Cap: $21.38M (4x increase).
- ETH at $15,000:
CULT Price: $0.000007512 (6x increase).
Market Cap: $32.08M (6x increase).
That’s right—if nobody even bought CULT, not one dollar, the base liquidity increase of ETH would bring the market cap to possibly 32 million, in other words, if you were thinking of buying ETH, why don’t you just buy CULT DAO?
You can buy ETH now; from this price, 15,000 is 7x, or you can buy CULT DAO, get 6x plus whatever extra volume is coming in. It seems like a logical play, really.
Everything you’ve seen so far is why I believe this MACD histogram divergence has been forming for 750 days. As I said, the stars will align at the apex, and the explosion will come.
### Unruggable and No Whales Controlling Supply
As you can see from the bubble map, the largest wallet that is not an exchange has a cluster total of 0.7%. The rest of the clusters you see in the image are basically exchange wallets, which are the red and dark green circles mostly.
Liquidity is also locked for over 200 years.
- Burned Supply = 1.29664T
- Circulating Supply (including staked) = 4.27T
- Staked Supply = 1.07599T
- Remaining Tradable Supply (excluding burned and staked) = 4.27T - 1.29664T - 1.07599T ≈ 1.89737T
So, no whales, and it’s not possible to rug because liquidity is locked.
### Modulus Blockchain Liquidity Injection
The average liquidity injection for DAOs in ZK would be anything from 200,000 to 10 million. Let’s assume it’s a $1M injection that is split 50/50 between CULT and ETH, a common practice for Uniswap-style pools.
- CULT Amount in Pool: At the current price of $0.000001252, $500,000 buys ~399.36B CULT ($500,000 ÷ $0.000001252).
It would increase the price to a 10 million market cap overnight.
### Conclusion
- Liquidity is locked for 200 years
- No whales
- Not possible to rug
- Mainnet launching this year
- ETH pools tied to CULT
- MACD histogram divergence
The target I have for CULT is just based on Fibonacci levels. Honestly, it’s unpredictable what will happen, how high it will go, or the impact the Modulus chain will have. 120 million is my low-end estimate; the macro Fibonacci is much higher.
The last extension puts it at a 1.4 billion market cap and 266x from where we are now.
This is where you want to be for the upcoming alt season—right here, down 98% with this massive divergence and all these factors that come into play. Just the mainnet launch and ETH going to 10,000 basically sends this to a 30-50 million market cap.
Cult DAO and Satoshi Nakamoto share a common ethos of decentralization and anti-centralization. We need to embrace this notion and bring back the power to the many. If CULT DAO hits 1.4 billion dollars, the treasury funds would be in the millions; we fund our own future.
moduluszk.io
cultdao.io
cultdao.io
coinmarketcap.com
XRP: $0.30 ---> $0.20 ---> 14.00 this animal rewards STRONG HANDS since inception or day 1
a weak hand will never make it alive come redemption day
bear in mind that CLINTON FUND and STANFORD group are on board heavily
--
good lucks holders... neophytes just size your entries very well
this is a SLEEPING DRAGON ... or pretending to be sleeping since forver
XRPUSD: Can this 1D Death Cross push it to $9.000? XRP is neutral on its 1W technical outlook (RSI = 54.799, MACD = 0.197, ADX = 30.423) which showcases the strong upside potential of the coin. 1D is about to form a 1D Death Cross, the first in over 1 year and even though it is technically a bearish pattern, this time it may work in Ripple's favor. At least that's what happened in November 2017, when the market was coming out of a similar Descending Triangle like this year's (2025). The rally that followed topped on the 1.5 Fibonacci extension. It is possible to see it hit the new 1.5 Fib (TP = 9.000) before the year ends given enough institutional involvement.
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Crypto update for 2025.05.08A quick little technical crypto update for 2025.05.08.
Let us know what you think.
CRYPTO:BTCUSD
CRYPTO:BCHUSD
CRYPTO:ETHUSD
CRYPTO:XRPUSD
CRYPTO:DOGEUSD
CRYPTO:DOTUSD
CRYPTO:TRXUSD
Let us know what you think in the comments below.
Thank you.
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XRP Breaks Down from Rising Wedge – Is a Deeper Pullback Coming?XRP has officially broken down from a rising wedge pattern on the daily chart, closing below its lower trendline support. This could signal the beginning of a short-term bearish phase unless key support levels hold up.
Chart Breakdown
On the daily timeframe, XRP was trading within a rising wedge—a pattern typically considered bearish when it breaks to the downside. The breakdown came after price failed to reclaim the $2.30–$2.35 resistance zone, followed by a sharp move lower toward the $2.00 level.
Key technicals:
200-day EMA (blue line) is now acting as the first major support near $2.00
50-day EMA (purple) has turned into resistance
Price is hovering around $2.15, retesting the wedge from below
Bearish Price Targets
With the wedge breakdown confirmed, here are potential downside levels to watch:
$2.00 – Psychological level and strong dynamic support from the 200 EMA
$1.89 – Horizontal support from late March
$1.64–$1.61 – A critical support zone that marked the low before the last rally
If XRP fails to hold above $2.00 and closes below it, momentum could shift strongly in favor of the bears.
Bullish Scenario?
While the pattern suggests bearish momentum, bulls could still regain control if XRP closes back above $2.20 and re-enters the wedge. That would invalidate the breakdown and potentially open the door back toward $2.35 and higher.
Final Thoughts
The wedge breakdown is a warning sign for short-term traders. Unless XRP reclaims key levels quickly, it could be headed toward the $1.89–$1.64 support range. Keep an eye on volume and EMA support—these will likely determine if this is just a dip or the start of a larger correction.
XRP/USDT Monthly Chart: History Repeating Itself?Hey traders! Let’s dive into this monthly XRP/USDT chart. I’ll be honest — I’m skeptical about this outcome, but let’s break it down because it could actually happen!
The chart screams déjà vu, with XRP’s price action mirroring the 2014-2018 period. Back then, XRP broke out from its 2014 ATH in 2017, leading to a massive rally. Fast forward to now, and we’re seeing a similar setup, but with a twist. XRP is struggling to break through the 2018 ATH resistance zone around $3.31, which reminds me of the Breakout Consolidation phase we saw in 2017. Historically, this consolidation led to a breakout, and the chart hints at a potential repeat!
If XRP breaks out soon, we could see a parabolic move, potentially targeting much higher levels. However, the current resistance is a tough hurdle, and if it fails, we might see a pullback to lower supports.
Key Levels to Watch:
Resistance: $3.31 (2018 ATH)
Support: $1.643 (previous consolidation low)
Breakout Target: To be determined (potentially parabolic)
Breakdown Risk: $0.650
I’m not fully convinced, but the setup is intriguing — could this be XRP’s moment to shine? What do you think? Let’s discuss below!
XRPUSDT on the Edge: Is a Major Breakdown Coming? Yello Paradisers! Are you ready for what could be a huge bearish trap unfolding right now on XRPUSDT?
💎Currently, XRPUSDT is flashing serious warning signs. The formation of a rising wedge pattern is significantly increasing the probability of a bearish move. When analyzing the broader market structure, it appears this recent uptick is merely a retracement within the larger bearish trend—keeping the probability on the bearish side still very high.
💎If XRPUSDT bounces, grabs liquidity and starts forming clear bearish patterns from that resistance area, it could set up an excellent opportunity with a high risk-to-reward (RR) ratio for shorts.
💎However, if the price breaks out and closes a candle clearly above the resistance zone, our bearish thesis will be invalidated. In that case, it would be much smarter to stay patient and wait for a more reliable price action setup before considering any new trades.
🎖Remember Paradisers, the key to surviving and thriving in this market is to stay disciplined, patient, and smart. Trade what you see, not what you feel! Stick to the plan, and never rush decisions under emotional pressure. Play it safe, and stay focused—our time will come!
MyCryptoParadise
iFeel the success🌴
XRP Daily Analysis | Key Levels and Market Outlook 👀 Welcome to my Trading View Analysis and Trading Channel Here , we share the latest market analysis, trading signals, and key insights together .
Ready for smarter trades ? ⭐️
⚡️Today , we're going to analyze the XRP( Ripple ) coin together on the daily timeframe and find triggers for our positions .
🔺 XRP Daily Chart – Resistance Test Ahead
On the daily timeframe, XRP is currently facing a significant resistance zone near $2.30. A confirmed breakout above this level could signal a strong opportunity for a long position. Keep an eye out for volume confirmation and price structure validation. 📈
📉 Moving Averages & Pullback Watch
Currently, the price is closing below the 50 & 100 MAs, which is a bearish signal in the short term. This setup suggests a potential pullback before any continuation upward.
Key support to monitor: $2.06 — a likely bounce zone if bearish pressure increases. 🧭
📊 Volume Strength & Fundamental Momentum
One positive signal is the increasing trading volume, hinting at growing interest and potential volatility. On the fundamental side, recent news surrounding Ripple has been encouraging and may support bullish sentiment moving forward. 📰
🧠 Summary
XRP is at a key decision point. A break and close above $2.30 with strong volume could indicate bullish continuation. If the breakout fails, watch $2.06 as the next strong support.
Stick to your strategy, manage your risk, and stay updated. 📌💼
📰 Weekly XRP News Recap
Here are the major Ripple (XRP) updates you need to know:
💰 $10.5M in weekly inflows, making XRP the 5th most invested crypto last week.
🌐 DFSA License Approved – Ripple becomes the first blockchain firm with approval from the Dubai Financial Services Authority.
📅 CME to Launch XRP Futures starting May 19, 2025, adding more institutional exposure.
⚖️ SEC lawsuit dismissed – removing a key uncertainty for Ripple’s future.
📈 Growing volume & positive sentiment suggest potential price momentum in the short-to-mid term.
I love you all so much . 👀
don't forget about capital management and risk management .
Be careful with your positions . 🥇
"XRP Analysis" (Update)Here's what I can gather from the chart right now:
The Minor Resistance zone has been strongly broken to the upside; we haven't seen good pullbacks to this level yet.
On the other hand, below the broken zone, there's a price gap toward the FVG, as indicated by the arrow.
Also, the pullback to the breakout level at 0.382 has not been completed, and no patterns have formed in that area!
So? When we analyze all the breakout factors, we see a very high chance of a correction.
Now, this correction could start from the confirmation level at 2.11 OR 2.05, or with an overextension, it could happen from the 2.3 zone.
Stay Awesome , CobraVanguard
BTC (Post Weekly Close Update)BTC has seen a weekly close above the 93700 support, suggesting bullish strength and likely continuation if this level holds on the weekly. We remain bullish as long as 93700 is maintained; a drop below it would be the first SOW on the HTF, potentially targeting 89K–90K, and possibly 1D OB at 83K–85K. Technically, this remains a LH until the 99500 SH is convincingly reclaimed, ideally on a weekly close.
On the daily, however, we’ve observed the first SOW, closing below the SH at 95K after a rejection from the 1D supply zone, refined into MTF HOBs, where whales initially sold off aggressively. This isn’t alarming, but it warrants attention. With the SPX at resistance, the DXY at support, USDT.D closing the weekly well above the SL at 5.03, and TOTAL at resistance, these are signs of caution, in my view, despite the series of bullish news we’ve seen. That said, with the HTF remaining bullish, we’ll focus on exploiting LTF and MTF moves. The FOMC meeting on Wednesday could certainly bring volatility in the markets, particularly as BVOL24H and BVOL7D, as mentioned in the last update, are at support.👀
To further examine the weakness, note the contrast between the two horizontal ranges (grey boxes). The first range saw a BO followed by impulsive PA, smashing through the 90K key level. In contrast, the second range produced a BO but encountered an HTF supply, resulting in a notably weaker bounce compared to the first BO from the lower range. This could potentially manifest as a deviation if the price closes below the RL, making the 8D HOB at 89K–90K our next target.
On the LTF/ MTF, we’ve also seen a break below the TL, with the other resistance TL being respected, indicating further weakness. Although we haven’t yet seen HTF weakness, I believe a scalp-sized short from the 11H OB, refined into a 2H HOB at 95500 SH, makes sense with a tight invalidation, or from the MTF level around 97500, if provided. If the daily closes above 95500 again, I might consider a scalp long into the 1D supply for a potential DT or even the 100K psychological level.
XRP/USD Technical AnalysisFenzoFx—Ripple (XRP) remains in a bear market, though the downtrend slowed after dipping to $2.127. XRP is currently trading around $2.176, testing this level as resistance.
If XRP/USD breaks above $2.176, the next bullish target is $2.2200. Conversely, a drop below $2.127 could resume the downtrend, with $2.068 as the next support level.
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XRP is exhibiting a nice Reverse Dragon Pattern on the Daily.XRP has been doing its best impression of a yo-yo for quite some time now, but as you can see, XRP is also now showing a nice Reverse Dragon Pattern on the daily chart, which has the potential to be extremely bullish in the short to mid term.
The Dragon’s head is now forming on the daily chart, just above the upper trendline and, as I’ve discussed with my followers, has the potential for a strong bullish move upward—followed by a liquidation candle in the general area of the Weak Doji/Reverse Waterfall line—then a continuation move upward, likely back into the $3+ range over the course of the next couple of weeks in the month of May.
Good luck, and always use a stop loss when trading.
MASTERCARD PICKS XRP AS BRIDGE PAYMENT! ⚡ Hey hey, hope all is well, been a few days since our last post, we got a cool development and I figured I'd give a quick update and follow up with things on that note!
⚡ To start off, Mastercard has now taken on and recognized XRP as a bridge currency for international payments making sure to denote XRP's significance as a token which can process expedited and low cost international payments offering a low-cost solution for traditional international payment methods. One of these traditional payment methods notably is the Society for Worldwide Interbank Financial Telecommunication or as it's better known and referred to as: SWIFT.
⚡SWIFT itself is basically a messaging network that helps banks all around the world process international money transfers averaging about 50 million messages a day or close to roughly $5 trillion per day and even including the 250 business days per year, close to $150 trillion a year. So basically we've got Mastercard picking XRP's fast and cheap expeditated transactions and network as a replacement to SWIFT's traditional message system.
⚡ May not seem too significant but considering just how much XRP is doing, it's slowly taking a bite out of the SWIFT system more and more as more companies and business pick XRP as their form of doing digital transactions replacing a system which has long been overdue for a change citing significant intermediary and middleman cost with traditional international payments as oppose to the sleek and efficient system that Ripple has created and is working towards on a daily basis.
🔥 So yeah, this is a great development for us, it's another step in the right direction and another step towards the Future and change that the company Ripple is seeking to bring about no doubt. Below I'll add a reference link to the Mastercard document which mentions XRP as a bridge currency as well as an article that speaks more on the subject for anyone who would like to check that out.
x.com
www.livebitcoinnews.com
🔥 I've you've made it this far, I appreciate it, we'll take a quick look at our TA and wrap things up.
🔥 In our last idea we noted the main thing was just to watch that ascending channel and see if we could keep within it and we indeed have, we did have a 200 EMA crossover on the 3 hour but bulls managed to pull back up and into the channel so we're definitely in some wavy waters here. We're really testing that channel support as bears try to break it but bulls keep firm. Main thing right now is to watch if we can keep within the channel and potentially make another leg up to $2.4 and break $2.3 which is proving to be a strong horizontal resistance level.
🔥 So basically watch the ascending channel and the horizontal channel, if we do fall out of the ascending channel, next up will be the horizontal channel for a test of support so keep noted with that. Technical aside though we still do have the chance of the SEC approving an XRP Spot ETF soon which if done soon, would more than likely have us seeing a significant breakout and shift in sentiment on behalf of retail and institutional investors so definitely keep your eyes peeled.
🔥 I've got to run but I appreciate the time and and support as always, you already know I'm more than happy to keep you guys updated with me as we continue on with this long but well worth journey. Thanks so much as always and till next, keep posted and have a great day!
Best regards,
~Rock'
XRP is Back!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈XRP has been overall bullish from a medium-term perspective trading within the rising channel marked in blue.
Moreover, the green zone is a strong structure!
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of structure and lower blue trendline acting as a non-horizontal support.
📚 As per my trading style:
As #XRP approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
XRP/USDT – 3D Long Signal Setup
📅 April 29, 2025
The system is about to trigger a long entry on the 3D timeframe.
All major conditions are now aligned:
✅ MLR > SMA > BB Center > PSAR
✅ Price is above the 200 MA on both the 3D and 1D timeframes — reinforcing the bullish bias.
📍 Entry Plan:
Prepare for a potential long entry at this 3D bar close.
Suggested stop-loss: around 2.08, matching the current PSAR level on the 1D chart.
This setup shows system strength across multiple timeframes, but as always — discipline first, excitement second.
🔔 Keep an eye on updates and thank you for reading! 📈📊
XRP Potential Falling Wedge / Bull PennantBINANCE:XRPUSDT is consolidating within a structure that could be interpreted as either a Falling Wedge or a Pennant — both typically bullish in the current context.
Dual Scenario Setup
• Falling Wedge – A classic bullish continuation structure. Breakout target: ~$4.00.*
• Bull Pennant – A high-conviction continuation pattern. Breakout target: ~$5.30.*
* Both targets are measured from the presumed breakout point and are only valid if price breaks out in the near term.
Key Technical Levels
• Resistance: ~$2.40 – The descending trendline capping price since January.
• Support: ~$1.60 – Confluence of support support trendline + 0.618 Fib retracement of the rally + 1-Year EMA.
• Supply Zone: ~$3.40
• A break below ~$1.60 would invalidate both patterns and shift bias to bearish.
Volume Note: Gradual decline during consolidation supports both wedge and pennant interpretations. A spike in volume post-breakout would confirm strength.
Until a confirmed breakout above ~$2.40 resistance, this remains in a No-Trade Zone for me — but one worth watching closely.
XRP/USDT 1H Chart: Ready for a Moonshot? Hey XRP fam! Let’s break down this sizzling 1-hour chart. XRPUSDT is cooking up something big, and we’re on the edge of our seats!
We’re seeing a series of triangles forming, with XRP stuck in consolidation phases — each one tighter than the last. The price is currently testing the upper trendline of the latest triangle, sitting around $2.247 after bouncing off a solid support at $2.050. This setup screams potential breakout! I put on the chart a bold “Highway to Moon” arrow pointing upward, hinting at a possible surge toward $2.600 or beyond if XRP breaks free.
But let’s not get too starry-eyed — failure to break out could see XRP retreat to the support zone at $2.050, or even lower to $2.000 if things get shaky.
Key Levels to Watch:
Resistance: $2.299
Support: $2.2184
Breakout Target: $2.360+
Breakdown Risk: $2.000
Are we heading to the moon, or is this a fakeout? Let’s hear your thoughts below!
🔝XRP +200%💥What Is XRP?
XRP is a digital asset built for payments. It is the native digital asset on the XRP Ledger—an open-source, permissionless and decentralized blockchain technology that can settle transactions in 3-5 seconds.
XRP can be sent directly without needing a central intermediary, making it a convenient instrument in bridging two different currencies quickly and efficiently.
How Is XRP Used?
Faster, less costly and more scalable than any other digital asset, XRP and the XRP Ledger are used to power innovative technology across the payments space.
Ripple is focused on building technology to help unleash new utility for XRP and transform global payments. Third parties are also pursuing other XRP-related use cases.
XRP | Second Wind or PUMP AND DUMP !!XRP is on another bullish leg at the current moment, moving strongly towards the next resistance zone.
I would however trade with much caution, considering the extreme pump and dump nature of the coin. With high gains in short timeframes, but also massive losses in sort timeframes.
A sharp wick towards the 50d moving averages already shows the buying pressure has likely peaked, even if the price can push higher the BINANCE:XRPUSDT test of the 50d MA is an early sign that bullish pressure is on its last leg:
I will say this: short term, if you look at the chart, you simply must be bullish. But I still won't touch XRP with a ten foot pole at this price. Other altcoins such as TIA present much better, lower risk entries.
_____________________
BINANCE:XRPUSDT