XRPUSD - Daily ChartThe price is confined within a downward-sloping channel, visible in the chart. A breakout above the upper boundary of this channel (around 2.43-2.50 USDT) could indicate a bullish reversal.
4. 501.13% Projection:
The chart highlights a 501.13% increase, likely measuring a previous rally.
RIPPLE trade ideas
XRP: Post-Triangle Thrust in Play?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
XRP continues to hold up better than most assets in the current market, showing strength despite overall volatility. Based on the analysis of a potential triangle pattern, it appears XRP could be entering a Post-Triangle Thrust (PTT) phase, with a projected target above $3.
Key Levels to Watch
For this PTT scenario to unfold, XRP must break through critical pivot levels and maintain its position above them. On the chart, $2.20, $2.72, and $2.90 are pivotal areas of interest. A successful breach and hold of these higher levels would further validate the bullish outlook.
Additionally, the trend lines highlighted in the chart, which XRP has reacted to multiple times in the past, remain crucial. The upper trend line will need to hold as support to sustain the bullish momentum.
Volume Trends
One notable aspect of the current price action is the declining volume, as shown on the chart. While this is typical during a consolidation phase, increased volume would provide stronger confirmation of a breakout. Higher volume on a decisive move would signal greater market participation and conviction in the direction of the trend.
Conclusion
The potential for XRP to hit the $3 range hinges on its ability to break and hold above key levels, supported by stronger volume and respect for trend lines. Next week will be critical in determining whether this Post-Triangle Thrust plays out as anticipated. For now, all eyes are on the pivots, retrace, and market sentiment.
Trade safe, trade smart, trade clarity.
The path to $3 is even clear.... (Next week)Next week might be the start of a new era, i expect more volatily and more Pumps in the market, as of the XRP we had a great retracement as expected and have had a clear break of structure. Price will swiftly delivery itself to $3...
Tighten up a major Bull run is next...
XRP (Ripple) breaksout from Bull Flag after 50DMA testPeter Brandt brought to my attention via X that bull flag broken to the upside after 50DMA test from Ripple. We have a decisional level above which indicates the maximum level pre the multi-year bear market that needs to be surpassed. Still I thing is nice to have it in our radar.
30 Min XRP By ChartmasterAI
Based on the chart you provided, here's an analysis of the XRP/USD pair from January 12, 2025:
Price Action: XRP/USD has been trading within a range, with resistance around the $2.5449 level and support near the $2.27655 level. The price is currently at $2.54459, which is very close to the top of the range, suggesting a potential for either a breakout or a rejection back into the range.
Volume: There was a noticeable spike in volume on January 12, which could indicate increased interest or trading activity. This might be a sign of a significant move, but whether it's up or down would depend on other factors.
Stochastic RSI: The Stochastic RSI (3, 3, 14, close) is at 26.43, which is in the lower half of the scale, indicating that XRP might be in oversold territory or transitioning out of it. However, it's not extremely low, suggesting there might still be some room for downward movement before it becomes extremely oversold.
Chande Momentum Oscillator (CMO): The CMO (9, close) is at 15.21, which is positive but relatively low, indicating weak momentum. This could suggest that the upward movement might not have strong momentum behind it, potentially leading to a reversal or consolidation.
MACD: The MACD (12, 26, close) shows a bearish crossover with the MACD line crossing below the signal line, and the histogram is in negative territory, indicating bearish momentum. This could support the idea of a potential pullback or consolidation before any further upward movement.
Conclusion:
Short-term: The price is near the resistance of its trading range, and with the bearish signals from the MACD and the relatively low momentum from CMO, there might be a short-term pullback or consolidation before any decisive move.
Medium-term: If XRP manages to break and close above $2.5449 with significant volume, it could signal a bullish breakout. Conversely, a drop below $2.27655 could indicate a bearish breakdown.
Given the current technical indicators, it might be prudent to watch for a confirmation of direction either through a breakout or a breakdown from the current range, keeping an eye on volume for confirmation.
Please remember, while this analysis provides insights based on past data and current indicators, cryptocurrency markets are highly volatile and influenced by many external factors not visible on a chart. Always consider doing your own research or consulting with a financial advisor before making trading decisions.
XRP IS STILL RANGING!!!!!!!FUNDAMENTAL OUTLOOK
I hope all is well traders. These are the fundamentals/hype that have the XRP community buzzing.
1. Ripple vs SEC Update – Judge Approves Sealing of Key Documents
2. Gary Gensler, the Chairman of the SEC, has announced his resignation effective at noon on January 20, 2025
3. CEO Brad Garlinghouse met with President-elect Donald Trump at Mar-a-Lago on January 7
The approval of sealing key documents definitely brings huge buzz for the community. In my personal opinion, if you are willing to hide any type of information then it is considered ALPHA. What kind of alpha that might be? Only the judge will ever know but if they are insisting on sealing some information then best believe it has pivotal data (technology, price predictions, future involvement with other companies/tech etc).
Gary Gensler leaving will also “potentially” send XRP to new highs since he was the main catalyst on why crypto was heavily regulated. There is a probability that price will sky rocket on 1/20 which on a technical outlook agrees (bias wise) to that theory. Now Brad Garlinghouse having dinner with the Donald Trump also has everyone going crazy. I see this both bullish and bearish as sometimes making it too obvious is too obvious. However this meet up gives positive conviction on the SEC vs RIPPLE case finally ending. As you can see, there is a bunch of moves being made with positive speculation but the charts will always tell it all.
TECHNICAL OUTLOOK
We are still ranging. On a technical standpoint price has not made any significant changes to give us a conviction for price to reach ATH. With that being said, this price action translates to the whales moving price sideways in order to prepare for the following big dates (SEC vs RIPPLE outcome and or Gary Genslers date of resignation). With those 2 major headlines weeks away, we can theorize that this accumulation is being created for this next leg up/down. As for my approach portfolio wise, I will be observing on the sidelines with my active buy limit orders on standby. Pro tip: This is a unit game, accumulate as much UNITs as you can because UNITs will buy you FREEDOM.
As always, trade safe.
Mr.Oazb
Its is Finally Time for XRP to break ATHSo we have been below a strong monthly zone for a while now. We just received a closure back above. I feel this is the time we have been waiting for. Once we break $3.00 it's going to be crazy all over the place. Hopefully to have been adding to your bags like you just broke into a bank & the cops are coming lol
XRPUSD Weekly & Daily Charts Are Key XRP RIPPLE this WEEKEND...🟢Regardless of your LONG or SHORT term bias or position the higher timeframes will be key in any decision going forward.
🟢As we come into the end of the week tomorrow will mark the first full trading week of 2025 bringing W1 to a close.
🟢Today's D1 close will be key also.
Has price finally broken out od the DAILY CHART BULL FLAG?
ℹ️Remember stick to your own plan, at the end of the day that is the obly thingvthat matters.
Have a GREAT WEEKEND!✌️
Is XRP now breaking out as it's been telling me it should?This is the only coin I am holding that is now on the green. The break off the bull flag almost faked out, but it's now back up so there are reasons to believe a move upwards is imminent.
I don't see volume/volatility contraction but I see momentum about to release. As Crypto has been in "trap mode" since the election, no one knows. You are being manipulated, rest assured.
I am still long though.
XRP Scuse me while I kiss the sky!!!!!!!!A revised version of a chart I posted a few days ago now show XRP breaking through the descending resistance (the volcano bit). Now looking for either new support at any of the descending resistance retest levels OR....!!!! We get into some new price discovery. I think we are heading that way regardless with the new administration settling in.
Any, comments, constructive criticisms, advice, funny comments , and happy thoughts welcome!