XRP - History Repeating Itself...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📔I find the BINANCE:XRPUSDT 4H chart interesting.
Do you notice a pattern here?
Take a look at the first two red arrows.
📊Mid-November, XRP made a lower low (red arrows), got stuck within a range (green zone), and finally broke above the green zone to start its bullish impulse.
Currently, XRP seems to be forming a similar pattern.
🔄 If history repeats itself, a break above the green zone around $1.53 is needed to signal the start of the next bullish movement.
🎯Once the setup is activated, I will target the $2 mark!
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
S-XRP
4 potential shorter timeframe triangles on rep 1wk log chartMy previous chart idea which I will link to below showed the monthly timeframe logchart of the 2 potential larger triangles xrp has been consolidating in, so I wanted to also follow that up with a weekly chart timeframe of the the 4 potential smaller triangles we have also been consolidating in so I can eep track of their progress as well. All the potential measured move ines here have been randomly placed so of course where ever it does break upward will likely be slightly different and will only require I readjust those measured move lines slightly at that point only changing their price targets slightly. *not financial advice*
Xrpusd Bullishpennant on the 1month timeframeSame pattern as the previous idea i just posted but I’ve switched it from the 3 month chart to the 1 month time frame in order to keep track of the developments in price action more quickly. Im also going to post this pattern one more time but on the weekly timeframe as well. The 3 targets remain the same. *not financial advice*
The Symmetrical Triangle on the monthly logchart w/ a $10 targetQuickly reaching its Apex. Reaching the target of this triangle should trigger the breakout on all the triangles / pennants / c&hs / and flags that are even bigger than this triangle and eventually get us to even higher targets as well. *not financial advice*
XRP can breakout of logchart triangle once .59 is sold supportThe top trendline of this logarithmic weekly chart symmetrical triangle has played amazing resistance for quite some time now. However since that trendline is a descending one, the price that xrp’s price action needs to maintain as support gets lower and lower with every weekly candle close. Currently, if xrp can flip 59 cents to solidified support and maintain that support for multiple weekly candles it would validate the breakout. By next week’s candle it could be even lower. For the sake of the steroids 589 number that seems to be associated with XRP, it would be fun if the level needed to flip to support to break above was 58.9 cents imo. With the uptrend in the crypto bull cycle seemingly resuming here, the probability of XRP climbing above .589 in the near future and staying above it has greatly increased. Wouldn’t surprise me if the day it really blasts off and confirms//validates the breakout of this triangle coincides with something newsworthy like Gensler resigning or the SEC Ripple case being settled or even dropped. I anticipate a Bullish December, but perhaps even a quite bullish rest of november here as well for XRP It’s already off to a good start to the month so far and hopefully it can keep that momentum going. Always a chance at some sort of temporary Black Friday black swan discounts though so wise to stay vigilant. In order to get as zoomed in as possible on price action for this post, I cut the measured move target out of the frame, but if you were to drag the chart with your mouse(or finger if using a touchscreen) you will see that the target for the breakout of this log triangle is around $10.57 if it were to break above the triangle on the enxt few candles. *not financial advice*
The next potential invh&s pattern for XRPUSDDepending on which left shoulder is more legitimate we have a possible slightly descending neckline on this invh&s or a possible slightly ascending neckline on it. No idea when price will break above these necklines so obviously if it takes longer I will need to readjust the measured move lines for it. This is just an initial idea for now. *not financial advice*
Xrp moving above highest top trendline of linear trianglesThese triangle trendlines are most accurate looking on the monthly chart. I wll also post a weekly timeframe version of this chart and a daily time frame version thats zoomed nto the top green trendline so you can see how we have 3 consecutive daily candle closes above this extremely pivotal trendline and now officially have closed one weekly candle close above it too. Seeing as how the trendlines of the green triangle seem most valid on the monthly time frame however, i think the most important candle close will be once we have a 1 month candle closing a portion of the candles body above the line and the follow up monthly candle also holds the line as solidified support. This is such a major trendline to flip to support and as you can see, the breakout target for the green triangle of $3.75 is actually right around the same breakout target as the yellow triangle of $3.70 that’s very strong bullish confluence that should help increase the probability of hitting those targets as it has twice the bullish momentum potential as just one of the patterns would have. *not financial advice*
3 consecutive 1day candle closes abve key triangle top trendlineI wanted to post a daily timeframe close up of the top trendline of the macro time frame green triangle that xrp has been consolidating inside since 2018. We now have 3 consecutive daily candle closes above its top trendline and are working on what looks to be the fourth here. You can tell that it appears to be forming another little smaller time frame bullflag here with the last 5-6 candles which it has already done a couple times as well on the 20 or so candles just prior to those. The triangle pattern is most valid on a monthly chart so we should definitely not get too presumptuous that we have flipped this trendline to permasupport until we have closed 1 monthly candle above it and retested it as confirmed support with the follow up monthly candle. However we are making good progress now as we now officially have 1 weekly candle close above this green top trendline as well —>
I will link the monthly version of this chart below so you can click on that idea as well to get the full perspective of this triangle instead of just a zoomed in look at the daily. Target if breakout confirms in this zone is $3.75. *not financial advice*
XRP Price Analysis: Journey from 2012 to Its Recent HighsIntroduction
XRP, the native cryptocurrency of the Ripple network, has remained a prominent digital asset since its inception in 2012. Designed to facilitate cross-border payments, XRP has undergone significant price fluctuations influenced by technical patterns, market sentiment, and fundamental developments. Recently, XRP reached a notable high, sparking discussions about its potential to soar to $2 in the future. This article explores XRP's price history, technical analysis, and fundamental growth trajectory, highlighting its potential for future gains.
Historical Context and Price Trends (2012–2024)
XRP's journey started in 2012, priced at fractions of a cent. Its purpose as a bridge currency for financial institutions attracted attention from early adopters.
2017–2018 Bull Run: XRP saw an exponential rise during the cryptocurrency market boom, reaching an all-time high of around $3.50 in January 2018. This surge was driven by speculative trading and Ripple's partnerships with major financial institutions.
2018–2020 Bear Market: Following the market correction, XRP experienced prolonged bearish sentiment, stabilizing around $0.20–$0.30.
2020–2021 Rally: XRP surged to $1.96 in April 2021 amid increased adoption of blockchain technology and Ripple's legal battles with the SEC.
2023–2024 Resilience: Despite market volatility, XRP's recent high signals renewed interest, bolstered by favorable legal outcomes and growing institutional adoption.
Technical Analysis
Current Market Structure
Support Levels: XRP shows strong support around $0.50 and $0.70, indicating buyer interest during market dips.
Resistance Levels: The $1.50–$1.70 range acts as a critical resistance zone. Breaking this level could pave the way to $2.
Moving Averages
- 200-Day Moving Average: XRP has consistently traded above its 200-day MA, signaling long-term bullish momentum.
- Golden Cross: A potential crossover of the weekly 50-day MA above the 200-day MA would confirm a bullish trend.
RSI and Momentum Indicators
- Relative Strength Index (RSI): RSI levels suggest that XRP is approaching overbought conditions, though it still has room for upward movement.
- MACD: Positive divergence indicates increasing momentum and potential for further price appreciation.
# Potential Price Projection
- A break above the recent high of $1.26 could see XRP testing $1.40, and $1.60, and staying above $1.60 can lead to the $2 price mark, driven by bullish sentiment and increased trading volume.
Fundamental Analysis
Adoption and Use Cases
Ripple’s Network Expansion: Ripple has solidified partnerships with financial institutions worldwide, including Santander and Standard Chartered, leveraging XRP for liquidity in cross-border payments.
Regulatory Clarity: The recent partial legal victory against the SEC has removed uncertainty, enhancing XRP's appeal to institutional investors.
On-Demand Liquidity (ODL): Ripple’s ODL solution, which uses XRP, is witnessing growing adoption, particularly in Asia and Latin America.
Market Dynamics
Institutional Interest: XRP's utility in reducing transaction costs and settlement times is driving institutional adoption.
Macro Factors: Increased demand for cryptocurrencies as a hedge against inflation and traditional banking inefficiencies supports XRP’s growth.
Challenges
Regulatory Risks: Although Ripple achieved a favorable ruling, ongoing legal challenges could impact market sentiment.
Market Competition: Emerging competitors in the cross-border payment space, like Stellar (XLM), could pose challenges.
The Road to $2: Can XRP Achieve It?
The $2 price level is achievable for XRP under favorable conditions:
1. Increased Adoption: Further adoption of Ripple’s ODL solutions and partnerships with financial institutions could drive demand.
2. Regulatory Certainty: Resolution of pending legal issues would boost investor confidence.
3. Market Sentiment: A broader cryptocurrency market rally would likely propel XRP higher.
With robust support at current levels and improving fundamentals, XRP’s path to $2 appears increasingly plausible.
Conclusion
XRP's journey from 2012 to its recent high showcases its resilience and potential as a leading digital asset. Bolstered by technical indicators and fundamental strengths, XRP has the momentum to breach the $2 mark in the future. Investors should, however, remain cautious, considering market volatility and regulatory developments.
*Disclaimer: This article is for informational purposes only and does not constitute financial advice.*
Extra information regarding partnership
Ripple has established numerous partnerships with major financial institutions and payment providers worldwide. Many of these organizations use Ripple’s technology, including XRP for On-Demand Liquidity (ODL), to streamline cross-border payments and reduce transaction costs. Below is a list of significant Ripple partners:
Major Customers and Partners Using XRP Technology
Banks and Financial Institutions
1. Santander
- Ripple partnered with Santander to power its international payment app, One Pay FX, which provides same-day and low-cost cross-border payments.
2. Standard Chartered
- Collaborates with Ripple to improve payment processes for their global clients.
3. Bank of America
- Uses RippleNet for faster and more transparent cross-border payments.
4. PNC Bank
- One of the top U.S. banks, PNC leverages RippleNet for cross-border transactions for its commercial clients.
5. SBI Holdings (Japan)
- SBI is a key partner in Asia, using Ripple’s technology to improve remittance services through its SBI Remit platform.
Remittance Companies
6. MoneyGram (Previously Partnered)
- Although no longer active due to regulatory issues, MoneyGram used Ripple’s ODL to facilitate cross-border remittances.
7. Azimo
- A digital money transfer service that integrated Ripple’s ODL to handle payments into the Philippines.
8. Tranglo
- A leading remittance company in Southeast Asia, leveraging Ripple’s ODL for efficient fund transfers.
Payment Processors and Networks
9. Novatti Group
- An Australian payments company using RippleNet for instant cross-border transfers in Southeast Asia.
10. FlashFX
A Ripple-powered remittance service based in Australia, offering fast and transparent cross-border payments.
Other Key Partners
11. American Express
Partners with Ripple to facilitate seamless transactions between the U.S. and U.K. markets.
12. Banco Rendimento (Brazil)
A leading Brazilian bank using RippleNet to enhance cross-border payment efficiencies.
13. bKash (Bangladesh)
A mobile financial services provider working with Ripple to improve remittance services in Bangladesh.
14. Finastra
A global financial technology company offering Ripple’s blockchain technology to its clients for cross-border payments.
Newer Partnerships (2023–2024)
15. Al Ansari Exchange
A major exchange in the UAE using Ripple’s ODL solution to process remittances efficiently.
16. QNB Group (Qatar)
The largest bank in the Middle East and Africa, piloting RippleNet for enhanced global payment services.
Impact of Partnerships
Ripple’s growing network of partners demonstrates the real-world utility of XRP and RippleNet. These collaborations highlight the company's ability to offer cost-efficient, fast, and transparent cross-border payment solutions.
Is It Possible to Know Where XRP Is Headed?
On the 3D, XRP is getting closer and closer to the top. Two out of three oscillators are in overbought conditions, and the OBV is forming a flag of distribution. Volume bars are dropping, creating a bearish divergence.
With XRP now at a $100 billion market cap, I’m not here to hate on this run; I just expect that when traders start taking profits, maybe some of those profits will flow into other altcoins. If it goes up again after the top, maybe I’ll get in.
Have a great Friday night, friends!
XRP on the Verge of Breaking $2CRYPTOCAP:XRP has recently made headlines by outperforming Binance Coin (BNB) to claim the 5th position in market capitalization on CoinMarketCap. The cryptocurrency surged over 17% in a day, surpassing the $1.70 milestone and signaling strong bullish momentum. Let's delve into the key drivers and technical indicators pointing toward XRP's potential future trajectory.
Ripple's Role in Fintech
What is Ripple?
Ripple, a leading fintech company, powers its global payment network—RippleNet—using the XRP Ledger (XRPL). Unlike most cryptocurrencies, Ripple aims to connect banks, payment providers, and exchanges, enabling near-instant settlements and lower transaction costs. This institutional focus differentiates XRP from peer-to-peer-centric tokens, positioning it as a significant player in cross-border payments.
Key Metrics Driving Momentum:
- Market Capitalization: Currently at $97.3 billion, XRP's market cap reflects its increasing investor confidence.
- Trading Volume: XRP's daily trading volume surged 144% to $14.9 billion, indicating a sharp rise in market activity and liquidity.
- Global Position: Outperforming the global market (up 2.7% in 7 days), XRP has gained 17.6%, demonstrating its resilience and investor interest during this bull phase.
Technical Analysis
CRYPTOCAP:XRP is trading within a well-defined bullish trend channel, currently up 11%. The Relative Strength Index (RSI) sits at 74, indicating bullish strength without entering overbought territory, suggesting room for further upside.
Key Technical Levels:
- Immediate Resistance: Breaking past the $2 mark is crucial. A confirmed breakout could set the stage for a run toward $4, with potential to reach $10 in the long term.
- Support Levels: If a retracement occurs, CRYPTOCAP:XRP may find strong support at the 38.2% Fibonacci retracement level. This would offer a healthy cooldown before a potential major leap.
Outlook and Conclusion: Is $10 in Sight?
XRP's recent surge is backed by robust fundamentals and a favorable technical setup. Its unique position in the fintech sector, combined with increased trading activity and strong technical indicators, suggests that the cryptocurrency could break $2 soon. A sustained rally could even push XRP toward $4 in the short term, with $10 being a longer-term target if bullish momentum continues.
Investors should watch key resistance levels and broader market trends, particularly Bitcoin (BTC) and Ethereum (ETH), as they often influence altcoin movements. XRP's current position signals that it’s well-poised for further gains, making it a token to watch closely in this bullish cycle.
XRP → ATH is getting close. Consolidation before the rallyBINANCE:XRPUSDT rallies to ATH. The three-year accumulation is starting to realize itself and thanks to a tailwind - Trump, the coin makes a jump of 140%
At the moment the coin is in consolidation after the rally. There are no technical prerequisites and reasons for a reversal and fall, the price is accumulating the potential for continued growth. The focus is on the resistance at 1.523 and 1.6300. Breakthrough and consolidation of the price above this zone will provoke aggressive purchases, which may lead to a new impulse. It is possible that the local correction of bitcoin may put a slight pressure on the coin, which in turn before further growth will test the area of 1.4116 (strong resistance from September 2021), or the lower boundary of consolidation - 1.2775.
Resistance levels: 1.5234, 1.6300
Support levels: 1.4116, 1.2775, 1.2133
So, since we have a bull run, an ascending channel and a strong consolidation, in this case it is logical to consider buying only, which can be done only from the support or after the resistance breakout. The target in the form of ATH 1.9669 is getting closer and closer :)
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:XRPUSDT ;)
Regards R. Linda!
XRP looking to challenge SOLANALooking at the swings between Solana and XRP it seems XRP has formed a nice bottom and is taking its shot at the king. If you missed out on early solana perhaps its not to late for XRP.
Expect volatility, and from what we have seen so far some strength as well for XRP.
Could change in a heartbeat, not financial advice.
XLMUSD - 15 JAN 2023 pump?
the photo is taken from the stellar tweeter, I did a little analysis and a little attentiveness.
This does not mean that it is after this time stamp that there will be a pump, but considering what tips are left and where we have the main POS dialing area. There will be a reversal with a high degree of probability, squeezes are not excluded. Set zone 0.69 and 0.6699
ALT SEASON BREAKOUT! XRP to $1.78 & higher! Ripples & WavesBITSTAMP:XRPUSD
Keeping it simple, Alt season is here!!!
You can see it in the ripples & waves of the XRP Chart as they emanate outward from what seems to have been a massive buy bomb! and from the looks of It, it appears it was the direct hit we needed to finally propel XRP through the stratosphere !!
It seems by all metrics that we are set and ready for market expansion for the ALT coin market. XRP only moves with the broader crypto market, so a breakout in alts, means breakout for XRP. What's more, the only 2 possible moves left for XRP both lead to an imminent breakout. There could be a retest back down to $1.20 - $1.09 area, then we experience the parabolic breakout from there or, we break straight out from our current price levels of around $1.45.
Either way, exciting times are ahead. careful with leverage, protect your portfolios and just ride the waves...... 🌊
Xrp - The Bullrun Is Finally Starting!Xrp ( BITSTAMP:XRPUSD ) will finally break out of the triangle:
Click chart above to see the detailed analysis👆🏻
As expected and mentioned in basically all of my previous analysis, Xrp now broke above the first of two bearish trendlines. It seems like it will be just a matter of time until Xrp will also break out of the five-year consolidation symmetrical triangle.
Levels to watch: $1.0, $3.0
Keep your long term vision,
Philip (BasicTrading)
Ripple’s Revival: Why XRP Could Lead the Next Crypto Bull RunThe cryptocurrency market is buzzing, and CRYPTOCAP:XRP is making headlines with explosive growth and renewed investor confidence. With recent developments, including Gary Gensler’s impending resignation, whale accumulation, a record-breaking futures market, and upcoming catalysts like an IPO and ETF launch, XRP is positioned for a significant rally. Here’s a comprehensive look at the technical and fundamental factors driving this momentum.
Whales on a Buying Spree
Whale activity has reached a fever pitch, with Ripple’s big players adding over 250 million XRP tokens during a recent market dip.
Key Transactions:
- 149 million XRP ($227 million) moved from Bybit to private wallets.
- 58 million XRP ($87 million) transferred from Binance to whale wallets.
- 20 million XRP acquired from South Korea’s Upbit exchange.
This accumulation reflects high confidence among institutional and high-net-worth investors, signaling strong bullish sentiment for XRP’s future.
Futures Market: A Record $2.5 Billion in Open Interest
XRP’s futures market is on fire, with open interest hitting an all-time high of $2.5 billion.
- Platform Highlights
- Binance and Bybit are leading the charge, showcasing heightened trader enthusiasm.
- Coinglass data indicates that XRP futures now represent 1.59 billion tokens in open positions.
This surge aligns with XRP’s 24% rise in trading volume and a price jump of 4%, with a 24-hour range between $1.31 and $1.54.
Regulatory and Strategic Developments
XRP’s bullish narrative is further bolstered by the following key events:
1. Gary Gensler’s Resignation: The announcement of the SEC chair stepping down in January 2025 has sparked renewed optimism among crypto enthusiasts, as it could ease regulatory scrutiny.
2. Ripple IPO & ETF Launch: Ripple’s IPO and a potential XRP-focused ETF in Q1 2025 could usher in institutional adoption on an unprecedented scale.
These developments are expected to drive further demand and push XRP prices higher in the medium to long term.
Technical Outlook: Is $20–$50 Possible?
XRP has broken through multiple resistance levels, gaining over 200% in just three weeks and trading at $1.44 at the time of writing.
The RSI is overbought at 85, suggesting a short-term correction may occur. CRYPTOCAP:XRP is trading significantly above key moving averages, maintaining a bullish structure. A retracement to the 38.2% pivot point ($1.20) may present an ideal entry point for investors. The MACD at 0.0559 highlights strong momentum, paving the way for a rally to $20–$50 in the coming weeks.
Broader Market Dynamics
CRYPTOCAP:XRP is outperforming its peers and gaining ground on BTC dominance. The XRP/BTC pair has doubled in value, signaling an upward trend as Bitcoin’s momentum slows. With a potential Thanksgiving rally and new monthly highs in sight, analysts are targeting $2 in the short term.
What’s Next for XRP?
While XRP’s current rally is impressive, its long-term potential lies in strategic developments and increasing adoption. With whales accumulating, the futures market at historic highs, and macroeconomic factors aligning, the stage is set for XRP to achieve new heights.
As CRYPTOCAP:XRP eyes key milestones like $20–$50, its resurgence is a testament to the strength of the Ripple ecosystem and its ability to capitalize on market opportunities.
XRP's Parabolic Rally Sets the Stage for ConsolidationRecent Performance:
XRP has experienced a parabolic rally, tripling in value since mid-October. This explosive price movement has firmly established the long-term bullish trend.
Current Outlook:
Healthy Consolidation: A period of sideways consolidation or a pullback would be beneficial, allowing the market to stabilize and form a flagpole pattern. This structure could set the stage for the next leg up.
Upside Potential: If XRP resumes its rally after consolidating, it could aim for $2.50-$2.80.
Risks:
Overheating Concerns: A rapid rise to $2.50-$2.80 without a consolidation phase may indicate market instability. Historically, such sharp moves often lead to steep corrections.
Key Levels to Watch:
Support: XRP must hold above the $1.05-$1.10 range to maintain its bullish trajectory. A break below could indicate a deeper retracement.
Resistance: Beyond $1.50, the next key levels are $2.50-$2.80.
Outlook:
The path of least resistance appears higher as long as support levels are respected. Watch for consolidation or a retest of key levels before the next move. For traders, this phase offers an opportunity to assess risk and prepare for the breakout scenario.
#XRP #CryptoTechnicalAnalysis #BullishMomentum