Ripple (XRP) Poised for Potential Vertical Rally as Retracement Nears Completion

2024-6-13 22:15

CoinsKid, a crypto analyst, has shared their insights on the price trajectory of Ripple (XRP). According to the analyst, XRP is currently retracing to the January 2023 low, following a five-wave leading diagonal rally that spanned from January 2023 to July 2023.

During this period, XRP met all of the analyst’s targets, showcasing the accuracy of their technical analysis.

Complex Correction Nearing One-Year Mark

Since the July 2023 top, XRP has been undergoing a complex correction that has lasted for nearly a year. The analyst notes that the invalidation point for this retracement is the January 2023 low at $0.30. If XRP manages to find a bottom soon, CoinsKid anticipates a dramatic shift in the cryptocurrency’s price action.

Drawing parallels to the 2017 XRP price movement, the analyst suggests that XRP could experience a vertical rally once the bottom is confirmed.

This vertical ascent is expected to be similar to the one witnessed in 2017, which pushed XRP to new heights. CoinsKid further asserts that this vertical rally should theoretically lead XRP to establish a new all-time high, as it is likely to be a third macro wave.

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Show more +Show less – Bullish Indicators Align for XRP

Several factors are currently aligning in favor of XRP bulls, according to the analyst. Firstly, the weekly Relative Strength Index (RSI) for XRP is in oversold territory, suggesting that the cryptocurrency may be undervalued and primed for a potential reversal. Additionally, the XRP/BTC pair is approaching a macro bounce zone, indicating that XRP may be on the verge of outperforming Bitcoin in the near future.

CoinsKid’s technical analysis of XRP’s price action further reinforces their bullish stance. The cryptocurrency’s chart exhibits five waves up, followed by overlapping corrective waves down, which is a pattern often associated with a potential trend reversal.

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Moreover, the analyst highlights the similarities between XRP’s chart and those of other notable cryptocurrencies and market indices, such as the US Dollar Index (DXY), Bitcoin (BTC), S&P 500, VeChain (VET), and Chainlink (LINK).

Interestingly, the current market sentiment surrounding XRP is extremely bearish, which CoinsKid sees as a potential contrarian indicator.

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The post Ripple (XRP) Poised for Potential Vertical Rally as Retracement Nears Completion appeared first on CaptainAltcoin.

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Ripple (XRP) на Currencies.ru

$ 0.5875 (-0.06%)
Объем 24H $939.681m
Изменеия 24h: -0.02 %, 7d: -0.43 %
Cегодня L: $0.5825 - H: $0.5905
Капитализация $33.153b Rank 7
Цена в час новости $ 0.4904 (19.8%)

2023 xrp january analyst ripple rally low

Источник: captainaltcoin.com

2023 xrp → Результатов: 126


Crypto market faces potential $1 billion impact as Ethereum, BNB, XRP, Cardano, Dogecoin, Polygon, and Solana experience significant price surge.

The first quarter of 2023 saw a significant surge in the prices of major cryptocurrencies such as Bitcoin and Ethereum, putting the crypto market in a pivotal moment. Bitcoin, in particular, almost doubled in value from its late 2022 lows due to the belief that the Federal Reserve could adopt a dovish stance.

2023-4-9 22:37


Цена XRP стремится к 30% росту после прорыва ключевой зоны сопротивления

Дальнейший рост цены XRP представляется вероятным благодаря классической модели бычьего продолжения наряду с сильным китовым накоплением. XRP в первом квартале 2023 года вырос на впечатляющие 60%, чему способствовали растущие спекуляции по поводу возможной победы Ripple в судебном процессе против Комиссии по ценным бумагам и биржам США и более широкие бычьи настроения на криптовалютном рынке.

2023-4-8 12:48


Анализ цен на 30.03: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC

Биткоин и некоторые альткоины близки к тому, чтобы преодолеть верхние уровни сопротивления, что указывает на то, что быки по-прежнему контролируют криптовалютный рынок. Биткоин вырос примерно на 71% в первом квартале 2023 года, что является первым положительным кварталом после четырех кварталов подряд отрицательной доходности в 2023 году, согласно данным Coinglass.

2023-3-30 11:59


PricePredictions спрогнозировал цену XRP на 31 марта 2023 года

За последнюю неделю цене XRP не удалось пробить ключевые уровни сопротивления из-за нехватки бычьего импульса. При рассмотрении будущего движения цены XRP платформа криптотрекинга на основе алгоритмов машинного обучения PricePredictions подготовила 30-дневный прогноз, согласно которому 31 марта курс XRP повысится до $0,356670.

2023-3-3 15:39


PricePredictions спрогнозировал цену XRP к 1 марта

Волатильность крипторынка подогревает интерес к прогнозам алгоритма машинного обучения на платформе PricePredictions. Согласно 30-дневному прогнозу цены платформы для токена XRP, вероятно, к 1 марта 2023 года он будет торговаться на уровне $0,3910.

2023-2-23 12:03


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