Trend and Pattern Analysis for XRP Amidst Bitcoin's Potential Bull Trap
Bitcoin's recent surge towards a new ATH has sparked considerable excitement and speculation in the cryptocurrency market. This has pulled back a little and showed some weakness. Amidst this fervor, investors are wary of a potential bull trap or an 'exit pump', where prices inflate briefly...
XRPUSD vs. NVIDIA ( This is RIPPLE year)
see >>1-2-3-4-5-6 points
History Repeating...
CRYPTOCAP:XRP / NASDAQ:NVDA
2017> xrp year
2024 > will be xrp year
XRPUSD/NVDA 1w cycle chart (fractal)
check the buy zones (grey boxes)
GMMA oscillator
NVDA/USD chart
Also check Detailed XRP Analysis
The ascending channel that XRP is currently in looks to be indicating a massive potential price increase in 2024 if the fractal pattern repeats. Even if the pattern is only successful by a fraction, it would still mean some massive price gains.
Good luck, and always use a stop-loss!
Hi! Hope everyone's doing well, if your a regular here then thanks for coming by as always, appreciate it!
🔥 In our last idea we highlighted that descending channel for XRP and pointed out that a lot of what would happen would be in correlation to Bitcoin as well as whether or not we exited the descending channel and that's basically it to keep things short and...
XRP's price has been lagging behind the market, but it makes sense as Ripple has admitted to dumping XRP on retail's head during the rallies. As it stands, the selling of XRP is Ripple's only way to raise capital. However, XRP still remains the only single cryptocurrency on the entire market that has legal clarity. Not even Bitcoin has this, even though it is...
Doesn't smell like a bull just yet.
Rarely clean in moves... but this is what i am leaning to right now.
Which is a drop to a 56 cents area at least. to form a larger 3 wave move .
As we know, Ripple is inside a 6-year regular flat triangle, so:
At the end of Bullrun 2024, I expect the price of Ripple to reach $27.
PRZ zones are drawn using two-point Fibonacci on regular flat wave a and three-point Fibonacci based on the previous Impulsive wave and the beginning of the new Impulsive wave.
Ripple has made a smaller regular flat triangle inside it's monthly bigger regular flat triangle.
According to Fibonacci PRZ zones for regular flats we have these TPs.
I am still bearish on XRP for the time being & we can see a clear trendline liquidity building up 7 being ready to get taken out. That is when I will look to load up buy positions.
However, if this scenario don't work out, my orange zones is where I will look to Dollar Cost Average into buy positions. After a break above each orange zone, I will open a new...
one for the weekend, i went long on 4h from here (as shown on the chart)
The set up looks very bullish
Hopefully we get where we want to go over the coming days
I want to leave this analysis here for the XRP army who all think the price will go straight to the moon. Price usually does the opposite of what the XRP army thinks. Usually, the shepherd leads the flock of sheep, but it's not the sheep that lead the shepherd.
Waiting for move to upside in XRP. Sellers couldn't push down to new local lows so expecting moves up soon. Also looks like equities could have a bit of pullback next week or 2. Maybe crypto will rally some then return to a pullback and equities return back to bull moves
XRP Time for a retrace? Seems to be moving in a downward wedge. Expecting to break through shortly to upside. Maybe a retrace of 61.8-78.6% (targets 68c-70c) of the recent move a week ago that saw 74c hit. Then possible visit down to 55-50c?
Last year in July 2023 when XRP won the case ( partly ) with the SEC, price pumped 70% in one day and retraced from exactly like 0.96$
1$ is just psychological area and a value attraction
It will be here by May - just watch
