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Hold ya Sale
XRP 💥#XRPDumping $XRP
Now hold or sell XRP advise
koinmilyoner
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Bullish
XRP Price: ABC Correction Forecast Accurate, Second Half Predicts Bullish Moment To $2.9
The previous eight weeks have experienced XRP price volatility and heavy trading activity not seen in over six years. Following Donald Trump's November 5, 2024 presidential election victory, XRP's value rose over 400% to $2.90 on Binance on December 3.
XRP has fallen in the previous week. Technical analysis suggests an ABC corrective pattern for current XRP price fall, with a further dip before the next leg up.
XRP Price Showing ABC Correction
An ABC pattern that is nearly over has characterized the XRP price decline since $2.9. This pattern has two decline waves A and C and a tiny uptrend wave B.
As shown in the 4-hour candlestick price chart below, the first downtrend wave A began after the XRP price was rejected at resistance around $2.9 on December 3 and bottomed out around $2.16 on December 5, a 25% decline in two days. It then continued on a small uptrend wave B, indicating bulls were still active. Wave B ended with a lower high of $2.65 on December 9, a 22% rise in four days.
The XRP price has started another fall in the last 24 hours after hitting this lower high, suggesting corrective wave C. An XRP price correction of 25% from $2.65 would place the bottom just below $2 before another bounce higher if wave A repeated. This makes sense as the $2 price level is a psychological barrier the bulls would avoid a breach below.
In the last 24 hours, XRP has dropped roughly 10% to $2.19.
Market dynamics imply a comeback from $2 despite this setback. A comeback may start a bullish wave and push XRP above $2.90 and beyond. XRP is still seeing investor optimism about regulatory certainty once a new US presidential government takes office in January 2025.
#xrp #BuyTheDipOrWait #AltSeasonBoom? #AmazonBitcoinMove $XRP
The previous eight weeks have experienced XRP price volatility and heavy trading activity not seen in over six years. Following Donald Trump's November 5, 2024 presidential election victory, XRP's value rose over 400% to $2.90 on Binance on December 3.
XRP has fallen in the previous week. Technical analysis suggests an ABC corrective pattern for current XRP price fall, with a further dip before the next leg up.
XRP Price Showing ABC Correction
An ABC pattern that is nearly over has characterized the XRP price decline since $2.9. This pattern has two decline waves A and C and a tiny uptrend wave B.
As shown in the 4-hour candlestick price chart below, the first downtrend wave A began after the XRP price was rejected at resistance around $2.9 on December 3 and bottomed out around $2.16 on December 5, a 25% decline in two days. It then continued on a small uptrend wave B, indicating bulls were still active. Wave B ended with a lower high of $2.65 on December 9, a 22% rise in four days.
The XRP price has started another fall in the last 24 hours after hitting this lower high, suggesting corrective wave C. An XRP price correction of 25% from $2.65 would place the bottom just below $2 before another bounce higher if wave A repeated. This makes sense as the $2 price level is a psychological barrier the bulls would avoid a breach below.
In the last 24 hours, XRP has dropped roughly 10% to $2.19.
Market dynamics imply a comeback from $2 despite this setback. A comeback may start a bullish wave and push XRP above $2.90 and beyond. XRP is still seeing investor optimism about regulatory certainty once a new US presidential government takes office in January 2025.
#xrp #BuyTheDipOrWait #AltSeasonBoom? #AmazonBitcoinMove $XRP
What do you say XRP and should be taken
CryptoPotato
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Top Ripple Price Predictions After XRP’s Run to $2.5
TL:DR;
XRP continues to steal the show as it skyrocketed to $2.5 earlier today, thus coming less than $1 away from its all-time high of $3.4.
The ever-vigilant Ripple community was quick to outline new peaks for the asset, with some slightly ridiculous predictions of up to $20.
Will XRP See New All-Time High Soon?
The cryptocurrency market has been on fire ever since Donald J. Trump won the ’24 US presidential elections nearly a month ago. The charge was initially led by Bitcoin, which broke its March all-time high of $73,737 and skyrocketed to just shy of $100,000 for its latest peak.
Numerous altcoins followed suit with immediate gains, such as Dogecoin, while others, like XRP, trailed behind at first but joined the party later and exceeded most expectations. Ripple’s token has been at the forefront of gains in the past month, having surged by 350% and tapping $2.5 earlier today for the first time since January 2018.
Moreover, it surpassed several crypto assets on its way up in terms of market cap and even entered the top three briefly today.
The XRP army, one of the most popular crypto communities, celebrated the move, and many posted their predictions about the asset’s future behavior. According to Xena XRP, the $3 level remains the biggest obstacle now in the token’s path toward a new all-time high of $3.4. If it breaks, then comes “price discovery… levels XRP has never been before.”
JayXRP forecasted that the token will surge to $3.19 this week, while business consultant and market observer Jacob Canfield said XRP could rise up to $6.6, which is the “ideal FOMO target.” However, he believes there will be a pull back soon before the asset heads north again.
The only difference between this $XRP move and those in the past is the price of Bitcoin is 5X higher than it was in 2017.
If we use Canfield Fibonacci extensions to give us an idea of where this move may take us, it would be at the 11.09 fib exension.
This would put the price… pic.twitter.com/fNYay1eFLF
— Jacob Canfield (@JacobCanfield) December 2, 2024
$5, $8, or $20?
Tony Edward, the host of Thinking Crypto Podcast, was also quite bullish on XRP, indicating a price target of somewhere between $5 and $8. At the same time, he blasted the quite ridiculous predictions of up to $10,000.
My $XRP price target for this cycle $5-$8. It could go a bit higher but I’m gonna play it safe and be conservative. People who are calling for $589, $1,000, and $10K are smoking crack. pic.twitter.com/joXwhGcxMq
— Tony Edward (Thinking Crypto Podcast) (@ThinkingCrypto1) December 2, 2024
CryptoGeek outlined $19.28 as a potential target for XRP, but that also falls under the ‘exaggerated’ category, at least for now. With its current supply of over 57 billion tokens, such a price would put its market cap at $1.1 trillion, which would be second only to Bitcoin in the crypto industry.
The post Top Ripple Price Predictions After XRP’s Run to $2.5 appeared first on CryptoPotato.
XRP continues to steal the show as it skyrocketed to $2.5 earlier today, thus coming less than $1 away from its all-time high of $3.4.
The ever-vigilant Ripple community was quick to outline new peaks for the asset, with some slightly ridiculous predictions of up to $20.
Will XRP See New All-Time High Soon?
The cryptocurrency market has been on fire ever since Donald J. Trump won the ’24 US presidential elections nearly a month ago. The charge was initially led by Bitcoin, which broke its March all-time high of $73,737 and skyrocketed to just shy of $100,000 for its latest peak.
Numerous altcoins followed suit with immediate gains, such as Dogecoin, while others, like XRP, trailed behind at first but joined the party later and exceeded most expectations. Ripple’s token has been at the forefront of gains in the past month, having surged by 350% and tapping $2.5 earlier today for the first time since January 2018.
Moreover, it surpassed several crypto assets on its way up in terms of market cap and even entered the top three briefly today.
The XRP army, one of the most popular crypto communities, celebrated the move, and many posted their predictions about the asset’s future behavior. According to Xena XRP, the $3 level remains the biggest obstacle now in the token’s path toward a new all-time high of $3.4. If it breaks, then comes “price discovery… levels XRP has never been before.”
JayXRP forecasted that the token will surge to $3.19 this week, while business consultant and market observer Jacob Canfield said XRP could rise up to $6.6, which is the “ideal FOMO target.” However, he believes there will be a pull back soon before the asset heads north again.
The only difference between this $XRP move and those in the past is the price of Bitcoin is 5X higher than it was in 2017.
If we use Canfield Fibonacci extensions to give us an idea of where this move may take us, it would be at the 11.09 fib exension.
This would put the price… pic.twitter.com/fNYay1eFLF
— Jacob Canfield (@JacobCanfield) December 2, 2024
$5, $8, or $20?
Tony Edward, the host of Thinking Crypto Podcast, was also quite bullish on XRP, indicating a price target of somewhere between $5 and $8. At the same time, he blasted the quite ridiculous predictions of up to $10,000.
My $XRP price target for this cycle $5-$8. It could go a bit higher but I’m gonna play it safe and be conservative. People who are calling for $589, $1,000, and $10K are smoking crack. pic.twitter.com/joXwhGcxMq
— Tony Edward (Thinking Crypto Podcast) (@ThinkingCrypto1) December 2, 2024
CryptoGeek outlined $19.28 as a potential target for XRP, but that also falls under the ‘exaggerated’ category, at least for now. With its current supply of over 57 billion tokens, such a price would put its market cap at $1.1 trillion, which would be second only to Bitcoin in the crypto industry.
The post Top Ripple Price Predictions After XRP’s Run to $2.5 appeared first on CryptoPotato.
Should XRP buy more at the current rate?
XarP Recent Technical Analysis 🚨
**Signal for $XRP /USDT**
Support and Resistance Levels:
- **Resistance:** $2.4977 – This is the 24-hour high and a key resistance level. A breakout above this point could signal strong bullish momentum.
- **Support:** $2.1050 – This lower region is critical, with further support near the 24-hour low at $1.8810.
**Position Recommendations:**
- **Long Position:**
Consider entering a long position if the price breaks above $2.50 with strong volume, targeting $2.60-$2.70. Ensure a stop-loss around $2.30 to protect against sudden pullbacks.
- **Short Position:**
A short position might be viable if the price fails to hold above $2.26 and falls below $2.20. Target a decline toward $2.10 with a stop-loss at $2.35 to manage risk.
**Market Insights:**
- **MACD Analysis:**
The MACD (Moving Average Convergence Divergence) shows bearish momentum as the MACD line (yellow) is below the signal line (purple), indicating a potential downtrend continuation. Wait for a bullish crossover for stronger long signals.
- **Volume Trends:**
The declining volume suggests weakening buying interest. A volume surge near support or resistance could determine the next move.
**Overall Sentiment:**
The market shows signs of consolidation after hitting $2.4977. Watch for a breakout from this consolidation zone. Stay cautious of false breakouts due to volatile conditions.
Support and Resistance Levels:
- **Resistance:** $2.4977 – This is the 24-hour high and a key resistance level. A breakout above this point could signal strong bullish momentum.
- **Support:** $2.1050 – This lower region is critical, with further support near the 24-hour low at $1.8810.
**Position Recommendations:**
- **Long Position:**
Consider entering a long position if the price breaks above $2.50 with strong volume, targeting $2.60-$2.70. Ensure a stop-loss around $2.30 to protect against sudden pullbacks.
- **Short Position:**
A short position might be viable if the price fails to hold above $2.26 and falls below $2.20. Target a decline toward $2.10 with a stop-loss at $2.35 to manage risk.
**Market Insights:**
- **MACD Analysis:**
The MACD (Moving Average Convergence Divergence) shows bearish momentum as the MACD line (yellow) is below the signal line (purple), indicating a potential downtrend continuation. Wait for a bullish crossover for stronger long signals.
- **Volume Trends:**
The declining volume suggests weakening buying interest. A volume surge near support or resistance could determine the next move.
**Overall Sentiment:**
The market shows signs of consolidation after hitting $2.4977. Watch for a breakout from this consolidation zone. Stay cautious of false breakouts due to volatile conditions.
#Xrp🔥🔥 $XRP Should xrp be bought even though it is at 2.31 any advice will it go further?#MicrosoftBTCInvestmentVote
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