XRP DAILY ANALYSIS - RIPPLE XRP PRICE PREDICTION - RIPPLE XRP 2024 - RIPPLE ANALYSIS
Summary
TLDRThis video provides an in-depth analysis of the XRP price chart, offering trading insights and potential future price movements. The host highlights a successful 5% trade on a micro Head and Shoulders pattern and presents evidence suggesting the market has confirmed a bottom, recommending to buy on dips. Examining the weekly chart, the host identifies key resistance levels that, if broken, could signal a major upward move. The analysis also draws parallels with past price fractals, predicting a breakout aligning with previous patterns. The host encourages joining the Discord community for more trading content and emphasizes the importance of monitoring Bitcoin's movements as a leading indicator for XRP's price action.
Takeaways
- 🎯 The speaker identified a 5% profitable micro Head and Shoulders pattern trade setup for XRP, with buy orders filled on the green line.
- 🚀 The speaker believes XRP has confirmed a market bottom, suggesting any dips should be viewed as buying opportunities.
- 📈 On the weekly chart, XRP has broken through a significant resistance level in the RSI, a leading bullish indicator.
- 🎯 The speaker uses bullish and bearish divergences in the RSI as key indicators for identifying potential trade setups.
- 📊 The speaker highlighted an ascending triangle pattern on XRP's chart, which could signal a breakout if resistance levels are breached.
- 🔑 Key resistance levels for XRP mentioned are $0.6614 (weekly close) and $0.7524 (major pivot point), with a break above indicating a significant upward move.
- 🌊 XRP's price action is expected to follow Bitcoin's lead, with sideways Bitcoin consolidation allowing XRP to catch up.
- 📣 The speaker promotes their Discord community as a valuable resource for trading insights, analysis, and discussions on various cryptocurrencies.
- 💰 For those interested in trading or buying XRP, the speaker recommends using the Bingx exchange (link in the video description).
- 🧭 The speaker emphasizes the importance of maintaining support levels, particularly the ribbon indicator they've created, to avoid potential sell signals or pattern identification for trading.
Q & A
What trading setup did the speaker notice for XRP?
-The speaker noticed a little micro Head and Shoulders pattern on XRP, which presented a 5% trading opportunity that played out successfully.
What bullish signal did XRP show on the weekly timeframe?
-On the weekly timeframe, XRP broke a significant level of resistance in the RSI (Relative Strength Index), which is considered a leading bullish indicator.
How did the speaker use divergences to identify trading opportunities in the past?
-The speaker used bearish divergences on the weekly RSI to identify a potential correction and a buying opportunity around the 20-week EMA for XRP.
What resistance levels does the speaker consider important for XRP's potential upside move?
-The speaker considers the resistance levels of 0.6614 and 0.7524 as important levels to break for confirming a major upside move in XRP.
How does the speaker relate XRP's potential movement to Bitcoin's price action?
-The speaker suggests that Bitcoin's sideways consolidation allows altcoins like XRP to catch up and potentially move upwards. XRP's movement is expected to follow Bitcoin's lead.
What technical indicator does the speaker use to identify potential buy signals for XRP?
-The speaker uses a custom-made 'ribbon' indicator, and when XRP's price is above this ribbon, it is considered a buy signal.
What does the speaker suggest regarding dips in XRP's price?
-The speaker suggests that dips in XRP's price should be viewed as buying opportunities rather than reasons to panic or sell.
What exchange does the speaker recommend for trading or buying XRP?
-The speaker recommends using the exchange Bingx, with links provided in the video description.
What potential pattern does the speaker mention if XRP gets rejected from the resistance levels?
-If XRP gets rejected from the resistance levels mentioned, the speaker suggests that it could potentially form an ascending triangle pattern, which is a bullish continuation pattern.
How does the speaker relate XRP's current price action to a previous fractal?
-The speaker mentions that XRP's current price action is closely mirroring a previous fractal or price pattern from the past, suggesting that the breakout point is right on cue.
Outlines
🚀 XRP Trade Setup and Bullish Signals
The paragraph discusses a profitable 5% micro Head and Shoulders trade setup on XRP that played out successfully. It highlights the bullish signals for XRP, such as breaking a significant resistance level on the weekly RSI, suggesting a potential bottom confirmation. The narrator encourages buying on dips and emphasizes the importance of tracking price action and emerging patterns on shorter timeframes like the 15-minute chart. Additionally, the paragraph mentions posting trade setups in a community Discord channel and the availability of valuable crypto trading content.
🔍 Analyzing XRP's Weekly Chart and Potential Breakout
This paragraph focuses on analyzing XRP's weekly chart and identifying potential breakout signals. The narrator points out the massive green candle across various crypto projects, indicating a significant upward move. Specifically, they highlight the breakout of a significant resistance level in XRP's weekly RSI, a leading bullish divergence indicator. The paragraph also discusses previous trade setups based on RSI divergences, emphasizing their importance as predictive indicators, especially on higher timeframes like weekly and monthly. The narrator outlines key resistance levels at 0.6614 and 0.7524, suggesting that a weekly close above these levels could signal a major upward move for XRP. Additionally, the formation of an ascending triangle pattern is mentioned as a potential bullish continuation pattern.
Mindmap
Keywords
💡Trade setup
💡Head and Shoulders pattern
💡Support and resistance
💡Divergence
💡Fractal
💡Moving averages
💡Bitcoin correlation
💡Ascending triangle
💡Buy signal
💡Dips for buying
Highlights
Identified a lovely little, trade setup for XRP with a micro Head and Shoulders pattern, around a 5% trade that played out perfectly.
Believes they have confirmed the bottom for XRP, and that any dips are for buying, not for crying.
Mentions posting trade setups in the Discord channel, not just for XRP but also for other coins like OMG, Harmony One, and KYC.
On the weekly chart for XRP, broke a significant level of resistance in the RSI, which is a leading indicator.
Explains how bullish and bearish divergences on the weekly timeframe are powerful indicators for identifying potential moves.
Mentions using divergences to identify a potential short and buy-back zone for XRP in the past.
Current macro support for XRP is at 0.04853, and if that level is lost, the next target would be around 0.038.
Looking for XRP to hold the 20-week EMA as support and eventually take out resistance levels at 0.07524 and 0.06614, which could signal a major move up.
Suggests that an ascending triangle pattern could be forming for XRP, which could lead to a breakout if resistance levels are taken out.
Mentions that Bitcoin's price action is a leading indicator for XRP, and that XRP's potential move up depends on Bitcoin consolidating or going sideways.
Observes that XRP is currently copying a fractal pattern from the past, and the current pivot point aligns with the expected breakout timing based on this fractal.
XRP is currently in a buy signal according to the author's custom indicator called the "Coins Kid Ribbon".
Recommends buying dips for XRP, as long as the January low of 0.04860 holds, which could lead to an explosive move if taken out.
Suggests using the cryptocurrency exchange Binance to trade or buy XRP, with links provided in the video description.
Emphasizes the importance of maintaining the support provided by the "Coins Kid Ribbon" indicator, and to look for patterns, support/resistance levels, or sell signals if XRP falls below that support.
Transcripts
hey everyone I
hope so I did notice a lovely little
trade setup for xrp little micro Head
and Shoulders pattern it was around
about a 5% trade it played out like an
absolute boss got some bids filled on
the green line and right now we're
taking off again so I'm going to show
you something that xrp did last week
which is incredibly bullish uh going
forward so I do think we've got a
confirmation of the bottom and any dips
are for buying not for cry let's dive
into the xrp chart right now but if you
are looking for little trade setups long
short whatever you know I do Post as I
see them you know because like I've
always said to you the price action
change things emerge and things like
that you know on the 15-minute time
frame got the perfect little head and
shoulders pattern Lov little short back
down to support and boom uh you know 5%
into a massive 8% long at the moment so
that's been a really fruitful trade for
us so far and this is what we do you
know think we're just up only we tried
to trade xrp and other coins in the
channel right there so if you're looking
for more content definitely get involved
in Discord let's dive into the xrp chart
and I'll show you what I'm looking at
right now okay looking next upop here on
a weekly time frame we're not getting a
massive go candle that you know we're
seeing across the charts on a lot of the
these projects Bitcoin ethereum you know
loads of projects are putting in massive
moves aren't they I've been posting
these trade setups all weekend as well
OMG there was one Harmony one right
there beautiful little mo coins KY crew
right there equally in the Discord you
know not just myself posting content but
in the old coin chat wow that content is
absolutely on fire really really good
content lots of trade short long
whatever macro St points chitchat on
crypto it's amazing I'm super proud of
that Community right there so within the
xrp chart right now on the weekly we
have done something on the weekly time
frame just there we have broken this
significant level of resistance in the
RSI so that's a leading indicator for
example if we take a look okay we got
this pivot point there and then the
pivot point there so I was using the RSI
you know a few weeks ago I think it was
towards end of January wasn't it we got
that important pivot point we was
looking at a Confluence through analysis
to a big move up to the upside for xop
because of the bullish Divergence really
really simple and this is what I relay
to you all the people say no way no way
but we got the big move fantastic so
this polish Divergence are leading
indicator of the OSI was for warning us
so divergences on the weekly are really
really powerful the more you see them
you know the monthly weekly the daily
the more power they have the micro not
so much but there are little int trades
you know you can back up your analysis
Confluence to going long and short if
you do spot divergences on any time
frame it is a little bit Confluence but
the more zoomed out you are the more
macro the more power it has for example
I remember when everyone was super
bullish last year on xrp and we wrote
this move up beautiful okay I was
looking at a big ABC here and I was
telling you at this Point put some bids
back on the 20 cuz I think we'll come
back in and everyone at this point is we
just coming up like this everyone's like
no it's going to do that you know you
cost me money BL blah BL oh no you've
cost me xrp it's taking off in space and
things like that I got all that kind of
you know sentiment and negativity and
comments on the charts but one of the
conferencing factors to that draw down
was really simple RSI beish St Ence so
with that what we've got is the high the
higher high and then the high and low
high that's under weekly that's a
bearish Divergence and at that point
when we start to roll I said to you 20
we EMA beautiful little sweet spot boom
break out and what we've got is a
beautiful little ascending triangle just
there look at that we traded like a boss
but anyway that's in the past basically
so that was a Lov little trade I use
Divergence to you know identify the
opportunity as a short and a buyback
zone so you know at this point we've got
the Divergence on the weekly a massive
macro correction look at this identified
you know support to go long basically so
with that we did put stops on this
orange line and right now that is your
macro support for me at 04853 if we lose
that before taking that 0752 and I go
through this with you in a moment then
you know I'm out basically I I'll jump
outx up here and I'll put bids down
there around about 038 but we may have
Clues you know we may have clues that
that might not happen because you know
what Bitcoin is doing but obviously
anything can happen you can never take
it off the table okay so it is all a
game of support and resistance so what I
want to see over the next few weeks is
you know just hold this 20we EMA as it
starts to come up any drawbacks you know
hold it as support starts to creep us up
and it'll creep us into this like a a
resistance so all I'm looking for to
confirm that this is a massive third
wave really simple a wick above that a
close above that whatever just take that
resistance point out that pivot point in
November of 2023 look at that 07524 we
Wick above it take it out whatever boom
you've got an explosive move for xrp
really a simple let's take a look at the
daily time frame but on the weekly we're
looking pretty tasty at the moment okay
so it's all about a resistance we take
out these resistance points above we've
got this red line 06614 a weekly close
above that's really important look at
that Pivot Point just there and equally
07524 I think that should go signal for
a major major move up here but you can
clearly see if we take a look at this
this is some kind of ascending triangle
just here isn't it so if we do get
rejected and stop to come back into the
20 MAA this could create a lovely little
ascending triangle third Point
resistance one two three breakout see
you later alligator so let's zoom in on
the daily time frame and see what we can
see for xlp okay so looking at xlp on a
daily time frame are we on the Cur with
a major breakout and the clue is in the
chart basically so again it's all about
the support and resistance I think if we
start to see a wick above that or a
close above that we are getting an
absolute Monumental move here in this
chart okay so it is all about Bitcoin
people you know that don't really pay
attention to the Bitcoin videos and and
look at the Bitcoin videos but Bitcoin
is your leading indicator for xrp for
example here I did relay to you a few
weeks ago that you know we won't see xrp
come up unless Bitcoin goes sideways
again look it went sideways and what did
xrp do caught it Up So bitcoin's Gone
sideway consolidating and right now it's
attacking the high so what we should
expect to see that if Bitcoin breaks out
go cway or whatever then this is where
you know consolidate and continue here
for xrp now there is a clue in this
particular chart and I did relay this to
you many moons ago that we are copying
you know in time this fractal aren't we
so we went from that pivot low just
there we dropped this on and we was
looking at this particular date let me
get that knob on for you we was looking
at this Pivot Point here copying it it's
unbelievable so come back down bolted
into this resistance Point here which
was this top in July look at that and we
come back down this correction and right
now at this point here this is when we
should have expected the big move up and
the breakout point for xrp it's pretty
much right on Q if you take a look at it
this Pivot Point just there is right
where just here we've got our ass back
above this ribbon and we're creating a
Buy Signal for the xrp community right
there so again you know this a coins kid
ribbon I've created this ribbon for you
this indicator so right now we are
sitting in a Buy Signal we're above the
ribbon right on Q so beautiful okay so
if we can toate in a range right now
have some kind of draw down pull back or
whatever like I said to you I think dips
are for buying not for crying and the
clues may be in the Bitcoin chart so
whenever we start to see Bitcoin go
sideways consolida in a range of
whatever this I think will allow you
know exop and some of these alt coins to
play catch up to the you know the Big
Move by Bitcoin right there so possibly
right on Q we've got a lovely little
breakout point and we were looking at
many many weeks ago there's a video you
know when will we break out when will
xrp move I did label that video that and
right now right on Q we're doing it so
you know at the moment we need to see
this low being held which is your pivot
point January low 04860 and I think if
we start to take that point out right
there we've got an explosive move in
this chart going forward for xrp so you
know dips of buying not for crying now
if you are looking to trade or buy xop
here I would recommend Bing X links in
the video description right there Tech
everyone back to another update on xrp
stay healthy stay stay tuned and most
importantly going forward from M stake
we have to maintain the ribbon the
support we start to fall below that then
you know squeaky bump time uh you know
we look for patterns or you know support
and resistance or sell signals at that
point okay hope you enjoyed that update
stay happy stay strong stay tuned take
care everyone back todate on xrp bye-bye
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XRP DAILY ANALYSIS - RIPPLE XRP PRICE PREDICTION - RIPPLE XRP 2024 - RIPPLE ANALYSIS
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