absolutely huge move upObserving the elevated short positions and their coverage challenges, it appears that the x100 shorts are on the verge of liquidation at 2.8, which is imminent. This situation is likely leading to a buildup towards 4.44.
XRPUSD_LMAX trade ideas
XRPUSD BUY - ONGOING TRADEBased on 4HR TF, the market seems to be forming a possible reversal chart pattern, plus the Daily RSI Divergence confluence.
We could see Buyers coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
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XRP failed runQuick Take!
Double tops forming on the 15m so expecting a retrace and price targets at 2.48 and 2.41 initially. If the latter is broken, 2.34 or lower may be possible.
Bullish XRP ScenarioMacro Cup & Handle with a fractal backbone. Room for upside on our indicators as well.
A bullish Q4 will result in this scenario!
Ripple winning their lawsuit and the relisting of XRP will make this scenario come true from the fundamental standpoint!
Ripple (XRP) Chart Analysis: Double Bottom, ETF Talks, Fractals.The XRP/USD weekly chart displays a pattern resembling a double bottom. If confirmed, technical analysis suggests a possible price target exceeding $3.93. Additionally, anticipated discussions about Ripple ETFs could potentially influence the price upwards. Some analysts also identify a fractal pattern similar to the 2017 Elliott Wave suggesting the possibility of an even higher price target based on historical comparisons.
XRP Selling PointsHere are some suggestions on possible times to sell. I know, hold until it hits 10k. If you want to sell then here are some dates to consider. These are pulled from the last two halvings. The 20% came from taking half of 40% which was the difference between the number of days after the BTC halvings. Just being conservative. Its a guess and better then walking around without a map.
$XRP: OUTLOOKCRYPTOCAP:XRP : OUTLOOK
Looking for the $2.5712 break! 📈
Target will be $2.6957.
👉 LIKE & FOLLOW for more updates!
XRP towards $10? Flipped $2.5, the price is now using this level to consolidate, this level also match with the median of the pitchfork. If the consolidation structure above $2.5 is not invalidated, it is legit hypothesize $10, corresponding to the upper outer parallel of the pitchfork."
XRPUSD - High MomentumXRP reached the 2.84 level. Next level 3.5, will it get there? quite likely
Support around 1.98 to 2. The blue moving average line is also support
Note: This is not a recommendation or investment advice, just sharing views and observations. Do your own research.
Symmetrical Triangle on the XRP Monthly chart ready to breakout?This Triangle can also be seen well on the weekly…and also valid on the daily chart but you have to scroll over to see the whole triangle on the daily. I chose the monthly chart for this idea though because it’s the easiest one to see all the key valid touches on both the bottom and top trendlines of the triangle.That bottom trendline has been holding for 3 years now and is super strong support. We just had a flash crash on the daily dip down below it and threaten to trigger what looks like a h&s on the daily chart (not shown here) however that was quickly bought up and with very little volume to show is looking to be a classic fakeout breakdown/bear trap. Still a decent amount of hours left in todays daily candle but as long as that candle closes green it is a very good sign that this triangle will likely be breaking upwards. *not financial advice*
Current price retracement on xrpusd is creating right shoulderWe can see the current price retracement on xrpusd is starting to form the right shoulder of an inverse head and shoulders pattern.This means that once price bounces and gets firmly above 95 cents or so then maintains that level as support it could trigger a breakout from this inverse head and shoulders pattern. At that point the target would be around $1.55-$1.60 and if we can get tot hat level and maintain that level as strong support thats when the real fireworks can start to begin. Could take multiple weeks for this right shoulder to find its bottom and head back towards the neckline, but hopefully sooner rather than later. *not financial advice*
Monthly chart triangle XRP is reaching apex We can see this monthly triangle that xrp has been forming since 2020 is nearing an apex. We can also see that, barring some sort of black swan, XRP is fairly unlikely to stay above 40 cents based on the extremely solid support of the triangles bottom trendline and the fact that the monthly 100 ma is now overlapping that trendline for double reinforced support. The top trendline has the 3 touches needed to be a valid line so it is suggesting a measured move of over $2. Of course being a monthly chart pattern it would likely take may months to reach the full target. *not financial advice*
Updated monthly chart of the XRPUSD Symmetrical TriangleWe just had a big correction in the crypto markets and like clockwork the bottom trendline of this symmetrical triangle held exact support on the bottom wick of the current monthly candle. Will be interesting to see if that holds ultimate support as often right before a pattern breaks up there is a big pullback in price action similar to an archer pulling back their bow before releasing the arrow and letting it fly forward. So it’s also quite common to see price dip below the bottom trendline of a pattern right before the breakout upwards. Meaning, there’s still an opportunity for a correction that dips below this triangle before the break upward which would be a nice opportunity to accumulate a little at a discount if it were to occur. Either way the current dump we have experienced gives me confidence that a breakout is right around the corner. On the linear chart the breakout target for the triangle is right around $2.36-$2.40. The logarithmic measured move has us eventually reaching a target of around $11.47 or so but that is likely to take a fairly longer amount of time to reach the target of. I posted another chart of this triangle logarithmic mode and will link that chart link down below. *not financial advice*
Posted a chart of the XRP triangle fractalWe can see xrpusd is doing something very very similar for the past few years its been forming this massive triangle pattern that it did before the last time it had its massive breakout from a triangle that eventually led to its all time high. On the weekly chart we can see we are now very very close to the apex of this triangle and I have also superimposed a small screenshot of the triangle it broke up from. Back then as it does seem to be repeating itself here. If you zoom in you can see just before it broke up from the previous triangle it painted a big red wick to the downside to fake a lot. Of traders out of their positions before finally skyrocketing up and out of the triangle. This increases the odds that the fractal of that triangle we are in now might also have a big capitulation wick that dips below the current triangle first before the breakout upwards. If we are lucky enough to get a repeat of this fakeout tactic I know I will personally be buying such a dip. Speaking only for myself of course *not financial advice*
XRPUSD Weekly triangle currently retesting as exact wick supportEven though we are still inside the triangles on the logarithmic chart, we have now been above this key linear chart symmetrical weekly triangle now for 2 consecutive weekly candle closes, and sure enough the big dump that coincided with the SEC’s appeal found wick support right on the top trendline of this triangle retesting it currently as support. It’s certainly plausible that price could continue to fall back inside the linear chart symmetrical triangle here, however closing the currentl weekly candle above ot’s top trendline here and maintaining it as precise wick support would be such a bullish sign were it. To happen that then I would start wondering if the entire appeal thing might actually not go through because maintaining this as support should validate the breakout and send price action on its way up to find that $3.73 cent measured move target. Of curse still very probably we could dip back inside this triangle one more time as well, either way I thought it’d be a good idea to repost this triangle and also include a screenshot of the current wick support zoomed in. *not financial advice8
2invh&s acting like Russian nesting dolls on XRPUSD chartNow that xrp has chosen to consolidate here for a few days it gives the chance for the potential blue inv h&s possiblity to form a right shoulder here, so I thought it was worth including, The smaller purple inner inverse head and shoulders patter is definitely legit and should have its breakout confirmed as soon as xrp has it’s next move to the upside. *not financial advice*
XRPUSD log chart’s triangle pattern on the 1 month chart.Always a chance price action could break above this triangle at any given moment but we can see that the apex of this triangle goes all the way not 2026, so it could also just continue to grind slowly idle ways as well. Hopefully a final ruling in the SEC Ripple case occurs soon and isn’t followed up by any kind of appeal so price action can finally get moving. I am simply posting this chart here so i can keep tabs on this pattern as time progresses. *not financial advice*
Monthly candlestick could close above $1.7754The monthly japanese candlestick could close above $1.7754 that is a key level drawn by the monthly ssb + the monthly kijun sen + the monthly tenkan sen.
If the price closes above this level then it could strongly go upn with a possibility to reach $3.5505 (ATH).
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*
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*
XRP! OH YEAH!Let's go XRP! Next target is $2.7! Eventually double digit is coming before January 20th!
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.
