🇬🇧🇱🇧 l Chart Technical Analyst | Trader | Investor | DM for ₿usiness
#BTC
#Crypto
#FX
#Stocks
Nothing I share is financial advice. Only my personal views.
#xrp
midterm (this summer):
Currently bearish on daily and HTF.
- Bullish if $0.75 is reclaimed.
- Neutral if $0.45 holds
- Extremely bearish if $0.45 is lost ($0.3 would be next)
Respect the price action and trade the charts. Put your emotions or what you think of a project.
People think I'm bearish on
#XRP
. I'm not, never have have been for the long term chart.
Here's a macro chart from more than a year ago.
Depending on what
#BTC
does, this is a very plausible option for 2024
#xrp
price.
Patience. $XRP
#XRP
Macro Outlook:
been range bound for 5 years now between $0.15 and $1.97. The price action suggests that it'll likely take another 1.25-1.5 years for macro range breakout, with my main🎯 at $25
Invalidation of bullish thesis: monthly close below $0.15 (yes, it's possible)
Stairway to the moon
$1.68-1.76 first target
$1.96 second target
$2.3 third target
$2.77 fourth target
$3.4 fifth target
$8.1 sixth target
$13 seventh target
($25.77 potential overshoot, bonus target)
Mark these levels on your chart. Pay attention to them. Devise a plan.
#XRP
$XRP
#XRP
likely to steal the show and take center stage for an epic break out of 4 years consolidation. 2017-like price action is inevitable. When? No one knows but likely sometime over the coming 4-5 months.
What could ruin this setup? Only a
#BTC
🐻
$XRP macro chart revisited:
If you are an investor, this is the chart that you should be looking at, not the daily or LTFs
#XRP
casually retesting major support of the multi-year rounded bottom neckline AND the 21 weekly MA
This is a very bullish retest imo folks
👀 on the 🎁
I rarely watch
@BCBacker
's YT. Watched the SEC one. It's well done, and I agree on the overall premise
However, I would like to point out, as a technical trader, that the
#XRP
chart is set up for higher prices
Technicals > Fundamentals
The SEC drama is priced in and behind us.
Seems like
#XRP
is ready for its next leg up. Formed a nice base with bullish consolidation.
Breakout to $1.2 levels should be commencing soon.
Invalidation: fall back below 90 cents
$XRP
#XRP
simmer time is almost over. The charts continue to point to a big move. $XRP likely to outperform $BTC by 10x over the coming few months.
When XRP moves, try not to sell early. It'll likely be a bullish rally over 2-4 months, with scary shakeouts.
IF the
#BTC
bottom is in or we are in a relief rally for a few days (i think we may be in a relief pump within a downtrend), then I expect
#XRP
to take advantage of this & outperform Bitcoin and Ethereum in the short to mid term.
I wouldn’t be surprised to see $2.5+ soon. $XRP
Over the coming few months (likely by Q2), I expect $XRP to outperform, break 4-year consolidation and print one of its rare strong monthly candles, a Dec 2017 type candle. This would likely hit our first target of $8.
This is TA, chart-based, not FA.
My opinion:
$XRP is NOT designed to be a global reserve currency.
$XRP is designed to be THE global bridge asset for all currencies, assets, tokenized commodities, etc.
#xrpcommunity
Technically speaking,
#XRP
is primed for a very big move up. This is no hopium, purely chart-based.
Expecting $XRP to pull a 60-80% move any day this week, provided Bitcoin finds a floor at $50-53k
Send it 🔥
#XRP
looking decent, still consolidating the 2017 mega-bull run within a symmetrical triangle
As long as $0.47 holds, price favours the bulls
Anything under $0.47 over the coming 3-6 months would be extremely bearish
Resistance: $1.2 , $2
Above $2, $XRP can easily 10x to $20+
$XRP risks a further downside to test $0.57-0.65 Demand zone.
Many alts STILL do not have a full RSI reset on the Daily. I believe more sell side pressure is coming, particularly as
#BTC
gains more market dominance.
Maybe a short term relief rally before the above though.
#XRP
#XRP
Monthly Chart:
The coil is real and scary. Typically very strong impulse moves come next.
Will
#BTC
allow $XRP and other
#alts
to 'breathe' (and rally) this quarter?
Let's see.
#XRP
printing a classic bottoming structure (Vs BTC) and flipped major downtrend resistance.
It has the fuel to 2x (Vs USD). It usually does so very quickly (within 2-3 days). Should be an interesting week, esp if BTC behaves :)
$XRP
$XRP is THE investment of a lifetime. I have never seen any other investment that has similar potential to XRP’s.
It has the potential of offering us early adopters very wild gains. Do you know why? Bcoz its technology undoubtedly disrupts the whole world of global finance!
#XRP
Macro Outlook:
been range bound for 5 years now between $0.15 and $1.97. The price action suggests that it'll likely take another 1.25-1.5 years for macro range breakout, with my main🎯 at $25
Invalidation of bullish thesis: monthly close below $0.15 (yes, it's possible)
$xrp
Expecting 2018 ATHs to be taken out very soon (before or right after BTC halving).
#xrp
Let me know in the comments what you think would follow that pump.
First time in a very long time that
#XRP
is my majority holding for a multi-week/month spot swing trade.
The $XRP charts vs USD & BTC are both primed for Mar-May 2017 type price action.
Come BearableGuy & almighty rippleRiddlers… make it happen 😂
DAI, Mr B. and Brad Kimes.
These guys have given a lot to the
#XRPCommunity
.
I believe they have made a mistake in their latest initiative.
We all make mistakes and human beings are greedy by nature... Let’s wait and see how they respond. Their response will be most telling.
#XRP
officially in Bullish territory.
Staying and closing above $1.06 for the next 2 weekly candles is important (wicks below that level are fine).
Next major resistance is around the golden pocket (~$1.4 levels).
$XRP
Everyone is waiting on the
#settlement
for
#XRP
to pump
That's why it's definitely NOT gna happen as the majority think it will:
$XRP will either complete most of its bull rally B4 any news on the settlement
OR
nothing will happen when the news comes, rather much much later.
Thoughts on the
#XRP
chart, emphasizing that it's long-term channel-bound
- $0.8 EOY
- revisit ATH during Summer 2021
- Moon to $20+ EOY 2021
Bearish warning: Losing 17 cents again (& thus the channel) is DETRIMENTAL. Much lower levels to be visited IFF this happens. Unlikely.
#XRP
Textbook Bull flag on the H1 (hourly).
If it breaks to the upside, target is $1.8 - speechless! 🔥
Bull flag idea invalidated if $XRP dips & closes below $1.3
$XRP flashing a
#Buy
signal on the
#Monthly
for the first time since March 2017!
Also, monthly Stochastic RSI breaking out.
Folks, this may be the beginning of another epic bull run. Expect a lot of volatility, especially if/when $0.38 is broken.
#XRP
#XRPUSD
#XRPCommunity
Struggling to find anything bearish about this chart.
Once
#XRP
completes that 3+ year rounded bottom & finally breaks $0.8, make way for much higher prices.
There will be plenty of volatility along the way. As well as FUD and very sharp price declines.
$8.5+ is programmed.
My expectation for the coming week or so:
1) $ETH incredible rally almost over.
2) 15-20% correction across most alts
3) Alts rally very hard, including $XRP &
#Defi
tokens
Let’s see.
Presenting the most important
#XRP
ranges to pay attention to, along with my bull and bear targets
As long as $XRP is under $0.58 , then $0.3 and $0.17 are likely visited first before price uplift
Alternatively, breaking $0.58 leads to $1 and $1.94 within range
#XRPCommunity
#XRP
40 cents is a 🧲, unless price manages to break out of falling wedge (only if $BTC shows strength)
Don’t give up on the standard. I still think $XRP is gonna have a great year (& beyond) once this mid-bullMarket correction completes.
$XRP
Expecting some cooling down here in the very short term.
Break & close above $1.65, the next target becomes $1.8
Break & close above $1.8, the next and final target would be $1.94
As I’ve tweeted before, expecting $1.94 to be the maximum target for this month. Let’s see
#XRP
community:
My 2 cents...
Please do not make investment decisions based on such content.
Focus on smart and attainable goals, such as $2,3,8 and $13 first.
XRP price will come nowhere close to $10k. Not in this decade at least.
There is no switch waiting to be flipped.
#XRP
The time to load up on my first major spot position in several years is upon us.
Plan is to DCA into my position once my blue support line is hit; expect it to be this month of April.
Best risk/reward setup imo.
$XRP
There will come a time in 2022 (likely in Q2) where
#XRP
outperforms
#ETH
. It is bound to happen (unless a crypto-wide 🐻 market begins, which is unlikely atm imo).
When that happens (falling wedge breakout on chart), I'd swap all my Ethereum to $XRP.
$XRP
LTF bullish action being printed recently.
If we break out of the iH&S, target in the short term becomes $1.5-1.55
Again, lots of indecision today across the markets. But this is what I’m seeing now for what it’s worth.
#XRP
$2+ is inevitable
Question is whether price action will follow the white or purple path?
I’m leaning on purple if
#BTC
cant reclaim $56k this week (and head to $40-44k area)
However, white path is obviously very welcome - that would be the most likely idea if $BTC had bottomed
Please ignore the news (Elon and what not). The drop was expected & very technical. Correction is very likely over and it’s green season again.
In other words, chart analysis indicated that a correction was imminent *before* any news came out. Check my tweets.
#BTC
is bullish.
What usually happens after years of HTF consolidation & coiling is a very strong impulse woah-where-did-that-come-from kinda move
I expect the beginning of this move very soon (as I've been saying for a few weeks now) and it lasts for 2-4 months
#XRP
#BTC
-permitting (continues going sideways), I’m expecting another 40% pump over the coming 2-3 days.
#XRPBTC
The USD pair should at least benefit from this by tagging the yearly highs at $1.96, if not heading to $2.4 levels
$XRP
My detailed macro Elliot Wave Count on
#Bitcoin
Imo we're about to see the end of macro wave 4 sometime this quarter (with big capitulation into sub 30k's). After that, wave 5 begins, taking price to new ATHs sometime in Q4 2022. Target ~$120-130k
$BTC
The following is based on thorough technical analysis on the BTC and USD chart pairs, not hopium.
I believe a very big move is imminent. Expecting a 70-85% move to the upside soon - explosive (minimal pullbacks).
Is it certain? No, nthg ever is.
$XRP
#XRP
has until end of Q1 2022 (max) to decide
Either a multi-week breakout to the upside, with almost no pull-backs (in conjunction with a macro
#altseason
)
OR
A break of the Red support zone, most likely indicating the beginning of the bear market for all of
#cryptoland
$XRP
Yes agreed. ~7 years of consolidation.
2024 is
#XRP
's year, similar to the 2017 pump (but lower in terms of % gains)
Looking forward to seeing my $25 🎯 hit sometime this year.
P.S. I do think a big shakeout to 25-30 cents is still likely in Q1/2 before the pump.
$XRP
Is imitation is the highest form of flattery?
#XRPUSDT
With added watermark of their own, plus same question of a final flush out?
MACD is a useless lagging crutch BTW.
It only re-illustrates what the price volatility compression, near relative lows, already shows in the
I would be very careful of taking swing positions here, as I think short term upside is limited to 50 cents. Stay vigilant. These are NOT bullish market conditions.
#XRP
#XRP
clan
Please prepare for all scenarios. I would not be surprised to see this price action develop over the coming month or so. $XRP has a tendency to punish late buyers. Many have FOMO’d in above the $1 level and the markets have their way to punish them.
Food for thought.
$XRP Market Cap
***Technicals:***
Bull flag on the Monthly. Bull flag target shows a 49x from where the cap is at now.
***Assumptions:***
1) bottom is in.
2) purple is an overextension of the bull market (bubble that needed to burst)
***Interpretation:***
49x in price = $13.72
7777 friends!
Thanks so much everyone. 7 is my fav number :)
I’ll continue to do my best to offer decent technical analysis. I hope I do add some value to your crypto research & trading decisions.
Let’s ride this bull market together 🔥
P.S. YT channel in May - stay tuned!
To be clear with my targets for this bull market cycle, as I have been consistently saying this all the time:
Min target is $8.5
Max target is $27
$XRP
Hidden bullish divergence on the
#Monthly
chart at 3 touch points over one year.
This is why
#XRP
rips so strong, so fast. When $XRP eventually does rally hard to $8 (and beyond), make sure to take profits as it's gng up. It'll def come back down v fast.
After further analysis on HTFs, this actually may just be the year. $XRP
not without huge shakeouts along the way, leaving the vast majority on the sidelines, including hard core xrp hodlers.
I'm a swing and positional trader. I see big opportunity now.
I've been scaling in
Scribbling stuff on the
#XRP
chart.
Some significant patterns to bring to your attention:
- Rising wedge (yellow)
- Parallel channel (yellow & orange)
- iH&S (still playing out)
Imp S/R levels to keep in mind:
$1.7
$1.56
$1.4
$XRP
It will soon resume to be volatile and very 'scary', with most rallies failing and correcting heavily... Until THE rally occurs. When that happens, it will be super clear (at least for me) that it's time to pay close attention as bull market ends.
$XRP
#XRP
at a significant support zone Vs BTC. IF
#Bitcoin
continues ranging or goes on a bullish in the short term, and that imo is likely, I believe $XRP has the potential for a strong ~50% rally this month with targets around $1.07
#Bitcoin
My macro Elliot Wave count.
Get ready for a boring & bearish upcoming 4-5 months, with Bitcoin declared dead & going to zero.. yet again.
Final major leg up (wave 5) should be powerful - leaving most of retail (who have given up & sold for a loss) behind.
$BTC
If
#BTC
is indeed in a correction towards the $43-44k levels (& I believe it is), then this is how I’d see the $XRP price action to unfold over the coming 2 weeks
A return to “base”, setting a macro higher low. $0.7x is a great bidding zone, but a wick into $0.6x is likely
$XRP
Now the crypto world knows, understands and appreciates more than ever the value of regulation.
Regulation is key for the crypto markets and industry to mature. Without it, all fails.
Well done
@Ripple
and
@bgarlinghouse
being at the forefront of this over the years.
#XRP
$XRP
Every now and then, it’s helpful to zoom out, focus on the big picture so as to not lose vision of the goal.
Consider these 2 charts.
Nothing has changed.
#XRP
In terms of buying/investing opportunities, it does not get better than this tbh. V low risk (invalidation is v close under) and high reward. Great RR.
I bought this dip.
#XRP
$XRP
When in doubt, zoom out.
Time for a simple yet powerful HTF analysis - check out this fractal on the
#monthly
chart.
Similar to March 2017’s strong breakout topping @ 2.6 c, the current candle (April 2021) should top around $1.94 - the highest ever monthly close.
#XRP
Sentiment is very low on
#xrp
. Finally!
Bullish technicals combined with lost-hope on an asset is the best time to buy yet with the least number invested in the asset. Many have bailed out for other projects. Max pain coming soon for those who abandoned it after 2-3 HODL years.
$XRP
Bullish. Expecting a break out of this longterm range over the coming month or so, with initial target around $1.2
Invalidation: weekly candle close below $0.34
#XRP
(weekly chart)
We need this Monthly candle to close above $0.65 for the rounded bottom/accumulation structure to stay intact. If this ends up being just a wick and this month closes above $0.65, this is a bullish confirmation for $XRP this quarter. Else, hard times imo.
$XRP
Massive trading volume over the past 3 years was around the $0.25-0.3 levels.
IFF we hit my ultimate target for this bull cycle ( $27 ), that’d be a ~100x from the above levels.
That is awesome 🔥
That’s also why I can’t see us higher this cycle.
Please keep it real 🤝
Thought I’d clear this once and for all as I get comments & DMs about it:
I trade the charts. Full stop. Don’t pay much attention to the news.
Show me a chart & I’ll point out whether it’s bullish or bearish.
Now,
#XRP
: a very bullish chart.
Plz spare me SEC & relisting shit.
Assuming
#BTC
remains bullish for Q4 (1st month of Q4 certainly has), then here's a very simple and reasonable way to speculate on
#XRP
's EOY target.
This is consistent also with my high time frame projections since 2019.
$13 is a major TP level for me.