Crypto - Key Breakout LevelSorry about the mic fuzz at the beginning.
Leave your questions & thoughts in the comments.
To sum up:
Bulls to regain control until the start-mid November at 30k levels
Bears to very quickly take over at those levels
This aligns with analysts' timing predictions of a heavy recession start.
Considering DXY likely not being stationary, 30k is a rough estimation
This aligns with analysts' timing predictions of a heavy recession start in end of 2023 or early 2024.
S-XRP
XRP/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this XRP/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- XRP, formerly Ripple, was a notable gainer in today’s session, as the token raced to a multi-week high.
Following a low of 0.5092 on Tuesday, XRP/USD raced to an intraday peak at 0.5233 earlier in the day.
As a result of the surge in price, XRP climbed to its highest point since August 31, when the price peaked at 0.5285.
the move came as the relative strength index (RSI) broke free of a ceiling at 48.00.
At the time of writing, the index is tracking at 50.66, with bulls possibly targeting a ceiling at 58.00.
In the event traders reach this target, there is a strong chance XRP will move above 0.5500.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
🔥 XRP'S ASCENT 🔥🔥 Thanks for joining me quickly! Gonna be a quick and hot idea here!
🔥 Following up from my last idea we can see how that ascending channel has continued to help XRP in it's push up funny enough. Our channel even acted as a support on the 20th when XRP buying pressure was enough to stop us from reentering that ascending channel and in turn propelled us back up to 0.52 where we're at right now.
🔥 All that is good and all of course but I did want to focus on the fact that we seem to be getting to that point of overextending away from our 200 EMA. For those of you that know me, you know that when we extend and pull away from our 200 EMA it's more often then not that we'll get a pull down by which then we'll eventually meet up with that 200 EMA again.
🔥 We did hit 0.525 but it wasn't exactly natural as we can see it was thanks to some buy entries that sent us up to that point so I'm more firm on 0.514-0.515 possibly being that pivot point. Especially as it'll now meet up with our ascending channel thus it'll either help form a support point or start off a reversal.
🔥 We've had this great rise up thankfully but I'd like to see some healthy retracement soon, after all, we know the higher we go up without some retracement here and there, the harder we can fall. There's no exact science to it other than traders like to see things occur naturally, anything other than natural and you likely won't get a natural result basically.
🔥 Keep an eye on that ascending channel, I'm expecting that we'll likely get some retracement or start off a reversal soon, especially if we come back down and reenter the ascending channel. It's helped act as good support on our way up but it can also act as a pullback now that we've had some action above and outside the channel.
🔥 So even while we're outside the channel it's had an effect on us, so imagine what happens if we reenter it now. If we reenter the channel which will most likely happen then look to the bottom diagonal line of the channel for support, we slip below that and we'll probably lose the 200 EMA and be in for a ride but again that wouldn't be unexpected, we've made it this far after all anyway. Least we know we CAN make gains and some good headwind unlike some other crypto's that are still getting smacked and barely recovering.
🔥 What I'm focused on here is the fact that XRP's recovery has been real good and it's done a good job at that versus a lot of other coins in the market. That being said we're looking at what's likely gonna be the start of a reversal or not if we're lucky but from what past experience, that's my best guess right now. Especially with Bitcoin looking like this:
🔥 Even with XRP doing it's thing if Bitcoin can't break $27,500 which in itself was already crazy enough to hit then some traders will likely start pulling profits or selling out of fear, other factors. We get that and we'll likely lose the 200 EMA soon for Bitcoin which in turn will drag a lot of the market down so want to point that out for you guys.
🔥 I'm chilling as usual though, even for September being the month it is historically, to see a push like this the past week as we wedge closer to October has been nice and good, mainly for the fact that we see there's still confidence in the crypto market even with everything that's happened the past few weeks. And that's what I've focused on. Long term as always we're still just sitting back and letting the waves go about. What happens happens, we're just focused on the future, not the next minute or two.
🔥 Have to go do some stuff as usual, life's pretty busy as usual but I'm happy to share something quick at least, so thanks for joining and hope everything's going well, appreciate you guys joining me for a bit as always, keep well and leave any likes or follows if you want, simply helps me out. All the best.
~ Rock '
Significance of the interval 0.7788-0.8253Hello?
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(XRPUSDT chart)
XRP cannot be seen as expanding the coin ecosystem.
However, since the number of users is quite large, there is a need to be interested.
It is showing a large uptrend as it breaks above the volume profile section around 0.6070.
For uptrend-based Fibonacci ratios, the 0.7788-0.8253 zone is an important support and resistance zone.
Therefore, it is necessary to check whether it can be supported in the 0.7788-0.8253 range.
A break above the 1.0351-1.0409 zone is expected to resume the uptrend.
If this is not the case and it declines, you should check for support near 0.5455-0.6070.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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XRP/USDT 4H Review ChartHello everyone, let's take a look at the XRP to USDT chart on a 4-hour time frame. As you can see, the price is moving above the local downtrend line.
After unfolding the trend based fib extension grid, we see that first we have a support zone from $0.49 to $0.48, and then we have a second zone from $0.46 to $0.44.
Looking the other way, we can see that the price has broken out of strong resistance and is struggling to maintain its position, while we still have resistance at $0.53, and then strong resistance at $0.58.
Looking at the CHOP indicator, we see that there is still energy to continue the movement, while the RSI shows a visible increase, but there is some room for the price to go slightly higher.
⚡ XRP ASCENDING CHANNEL ⚡⚡ Thanks for tuning in, I'm just gonna keep this one short.
⚡ Following up from yesterday's idea XRP did fall below our 0.492 horizontal level but managed to pull up and reenter that ascending channel also regaining the 200 EMA in the process which saw us establish a higher high at 0.505 and break that 0.49 resistance before pulling back ultimately with that pressure from the top of the channel pushing down on us understandably.
⚡ We'll have to see what happens here at 0.49, whether or not we can sustain that price above 0.49 or not but that's gonna be up to the market now, we did get this good push back up after that 0.492 point but volume shows that it was in large part thanks to a large whale or entity entering so the hike up wasn't too natural but could also just be a whale's attempt to help XRP's price rebound.
⚡ I'm simply gonna be watching my horizontal levels and that ascending channel for the most part as that's about the main thing right now unless we lose the 200 EMA by which the levels is what will matter most by that point.
⚡ Said I'd keep this short and I don't think everyone like reading through these too much so that's it for today but thanks for joining as always and keep well.
~ Rock '
⚡ XRP REAL QUICK TA! ⚡⚡ Real quick idea today since I've got to go to work soon. Following up from yesterday's idea in which we made a couple important points including that resistance at 0.50 with us more likely looking at some strong resistance and a possible reversal, we can see just how that's played out with XRP falling pretty hard on the local as we reentered back into the ascending channel we added a couple days ago to our main chart.
⚡ Can see how we've fallen even further down as we have already exited down and out below the ascending channel with us not at this support level of 0.49160 by which we'll see whether or not XRP does hold it's ground or if things continue to fall as Bitcoin's led the downward move for the market being that it failed to establish and form a high high for the week after the push up we've had thus some traders are likely taking profit and whales exiting to enter in at what they feel or may possibly perceive as a better entry in the short term as we lose that 200 EMA.
⚡ The main point here is that we reentered the ascending channel which I said to watch out for in yesterday's idea as it'd have an effect and it definitely has, on top of that we've lost our 200 EMA and well, you already know, just means some more volatility till we regain the 200. We could slip and fall further if we lose this current horizontal level but if we can manage to hold support and reenter that ascending channel that should help us at least a bit.
⚡ That aside again we're in September and with the Fed possibly expecting to increase rate hike's some more it's absolutely got the market feeling timid and shy with some taking profits or exiting. Just seems like it's been a perfect storm scenario this month alongside September as it is generally whenever we get to this month every year. It's just a rough month so as to why I'm not minding what's going on right now too much, everyone's going off emotion overall and ignoring and fundamentals or true use-cases and utilities.
⚡ That being said I wouldn't fret too much, just remember we're in a rough month historically but at one point or another we'll be out of it, and if we're looking months ahead, things aren't too bad. We can also possibly contribute the resistance in Bitcoin and crypto's as FTX possibly selling some crypto already though there's no confirmation on that but it's a possibility as we already know they will have to sell some to repay creditors so just focus on yourself and your life right now. The market will do it's thing but don't let that stress you.
⚡ I have to run and I said this idea would be short so I'm simply leaving it at that but thanks for joining me for a short bit as always, really appreciate it and feel free to leave any likes or follows, simply helps and all the best!
~ Rock '
🔥 XRP RISES & IMPORTANT POINTS 🔥🔥 Won't take too long her, just gonna keep things short as simple, and thanks for joining as always. Appreciate it.
🔥 XRP's managed to do pretty well with this rise up and keeping above our ascending channel that we added in the previous idea, can see that in one instance we did enter the channel and nearly lost our 200 EMA but support kicked in pretty well with that rebound shooting us up in a pretty good manner.
🔥 On the local though I see this 0.49-0.50 point as a resistance that'll probably have us see more of a move down first than up more unless we can really get a push here. We already know how exhausted the market seems to get when at these points of sideways trading but we've also got the psychological aspect.
🔥 For traders the chances look more likely then not on the local that we'll retrace and possibly reenter the ascending channel as it has pulled up to us so that'll be another downward force on us if we enter. Personally hoping that doesn't happen but knowing how past price action has done us it's definitely not out of the picture by any means. That and we've yet to form a higher high since the 15th so that's something to note too.
🔥 So there's that as well as the psychological aspect of seeing XRP where it's at right now, 0.50 tends to be a pretty crazy point in the chart as far as the past has shown us. In some cases it has rejected us pretty bad igniting reversals but in some it's also kicked off rather big jumps when broken. There isn't much volume going on though however currently and seems like the market's much more hesitant to enter and like I mentioned previously things currently looks more like the first option right now.
🔥 If we retrace look to 0.49 and 0. 492 for that support but keep in mind the ascending channel to and the effect it'll have with 0.50 as the main resistance right now. I personally see the market as being exhausted for the day following the quite frankly really good and natural climb up we've had this week. It wasn't some quick or fast impulsive rise, it was slow and a very natural rise in terms of technicality of course so happy to see that.
🔥 I'm going to work early today so have to go now but I wish you all the best, and thanks for joining me for a few minutes of your day, really appreciate it and to anyone who'd like, feel free to leave a like or follow, really helps me out, thanks and keep well as always.
~ Rock '
XRP/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this XRP/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- XRP was a notable gainer on Friday, as the cryptocurrency climbed higher for a fourth straight session.
XRP/USD peaked at a high of 0.5051 earlier in the day, which comes a day after trading at a low of 0.4824.
As a result of today’s gains, XRP, formerly Ripple, rose to its highest point since September 1, when the price traded at a high of 0.5115.
the move occurred after the token broke out of a resistance level at 0.4920.
This took place as the relative strength index (RSI) briefly escaped a ceiling of its own around the 38.00 mark.
Price strength now sits at 38.42, with the next visible point of resistance at 42.00.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
XRP/USDT 1DAY UPDATE !!hello, welcome to this XRP/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Detailed examination reveals a multi-week consolidation phase that unfolded after a bullish bounce above the 200-day MA in mid-August. Ripple price saw minor volatility during this consolidation period, remaining close to the 200-day moving average, at around $0.51.
However, the scale tilted in favor of sellers as supply outstripped demand, leading to increased selling pressure and, as a result, a drop below the 200-day moving average. This MA is generally considered an important level of support or resistance, and its violation underlines the prevalence of bearish sentiment in the market, with the potential for further downside.
While a slight upward retracement, creating a pullback towards the broken MA remains a possibility, the overall outlook for Ripple is bearish, with the next likely destination being the critical support area at $0.42. Therefore, the upcoming price action is extremely important, as it could potentially determine the path forward for Ripple.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
🔥 XRP QUICK MORNING TA . FTX SALES 🔥🔥 I'm just gonna keep this idea quick, but thanks for joining me for a bit as always ladies and gentlemen.
🔥 Don't want to keep this long so we'll just look at the facts right now. TA wise we've got this ascending channel that I've marked out now pointing out the support and resistance though we've still got that consolidation channel between 0.479 and 0.486.
🔥 We did get a breakout above 0.486 with Bitcoin leading the way up, we've then got the confirmation from the judge for FTX to start selling it's assets with a limit of $50 million for crypto's and will be allowed to sell $100 million worth per week. Good to keep in mind since we may see some sudden drops or falls soon granted they have XRP on their balance sheets as well amounting to $199 million in XRP alone though that's not too bad, could be worse like the $1.16 billion in SOl or the $560 million in BTC they have so we've got the good end of the stick for the most part and they'll likely be selling in bits rather then all at once but good to keep in mind.
🔥 The judge authorizing the sales as well is good for XRP and SOL being that any sales must be legal as well as free from the registration requirements of the SEC. Such a decision by none other than a Federal Judge has to mean that the crypto's are non securities, doesn't 100% mean they are by the books yet but for the case at least it does yeah.
🔥 I'll be watching my top black diagonal line for resistance, we'll likely have some trouble breaking that but I don't mind too much, just happy to see us pull back up away from 0.46 after that overextension away from our 200 EMA with us regaining it and managing to keep it so far.
🔥 I did set an alert at 0.4857 for that horizontal level since that's been our main resistance on the local the past few days so I'll try to keep tuned on that best I can. I have to go but thanks to the few of you guys that actually tune in and especially for the likes and follows, really means a lot as always, thanks and keep well.
~ Rock '
XRP - Wait For The Bulls 💪Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on Weekly: Left Chart
XRP has been overall bullish from a long-term perspective trading inside the rising wedge pattern and it is currently sitting around the lower bound / blue trendline.
Moreover, the zone 0.5 is a strong support and supply zone.
🏹 Hence, XRP is sitting around a strong area to look for buy setups as it is the intersection of the green supply and lower blue trendline.
on H4: Right Chart
XRP has been stuck inside a range.
For the bulls to take over short-term, we need a momentum candle close above the last minor high in red.
Meanwhile, until the bulls take over, XRP would be stuck inside a range while completing the inverse head and shoulders pattern before breaking the neckline.
📚 Always remember to follow your trading plan regarding entry, risk management, and trade management.
Good luck!
And always remember: All strategies are good if managed properly!
~Rich
XRP Price Target after Court approves FTX LiquidationGiven the recent developments in the crypto space, there are several factors that point towards a bearish outlook:
FTX Liquidation of $3.4 Billion in Crypto Assets: The approval by the Delaware Bankruptcy Court for FTX to liquidate $3.4 billion in crypto assets is a significant event. This influx of a substantial amount of cryptocurrency into the market could potentially lead to an oversupply situation. When a large amount of assets is dumped into the market at once, it can put downward pressure on prices.
Limited Sales in the First Week: The imposed limit of $50 million for the first week indicates a controlled release of these assets. This may imply that FTX anticipates potential market disruption if a large volume is sold at once. However, even with controlled release, the market could still experience downward pressure.
Potential for Increased Limits: The provision for increasing the limit with the approval of the creditors’ committee and ad hoc committee, or potentially even up to $200 million weekly with court approval, shows that there's room for further selling pressure in the coming weeks.
Binance US CEO Resignation: The resignation of Binance US President and CEO, Brian Shroder, could potentially signal internal challenges within the exchange. Leadership changes in major crypto exchanges can lead to uncertainty and can impact market sentiment.
Asset List: The assets listed for liquidation include some of the major cryptocurrencies in the market such as Bitcoin, Ethereum, WBTC, WETH, USDT, SOL, XRP, STG, APT, BIT, DOGE, MATIC, FTT, TON and more. If a significant portion of these assets are sold off, it could have a widespread impact on the market.
Market Sentiment and Confidence: These events combined might lead to a loss of confidence in the crypto market, especially if investors perceive them as signs of instability or potential oversupply.
Regulatory Considerations: The fact that a bankruptcy court is involved in this process highlights the regulatory environment surrounding cryptocurrencies. Heightened regulatory scrutiny or intervention can have a dampening effect on the market.
Considering the above, my Price Target for XRP Bitcoin is $20.38.
Looking forward to read your opinion about it.
⚡ XRP CONSOLIDATION ⚡⚡ Don't have long so I'm just keeping this short but as always thanks for tuning in.
⚡ I've added two small black arrows to highlight the up and down pressure for this current consolidation channel as we have XRP sticking above that 0.479-0.480 support though we can't seem to quite break that 0.486 resistance and 0.485 seems to be the local resistance.
⚡ Hoping we can keep that support above 0.479 in the least for now and potentially regain that 200 EMA by which we could look at some good waves back up granted we break the now resistance levels above us.
⚡ Market wise is a bit mixed as the August core inflation pointed to core inflation having risen by 0.3% being hotter than anticipated with that exluding food and energy so we're not quite in the clear yet with inflation but market hasn't taken the news too badly with heat map overall looking pretty neutral today with most of the top dogs ranging from MSFT to AMZN and TSLA posting some positive gains.
⚡ I have to run but wanted to get something out quick, again we already know we're in this grey month with the market overall for September, just part of things as they are right now. I have to go but have a good one as always, and thanks for tuning in with me for a bit.
~ Rock '