In this video, Jordan provides a technical market analysis of Ripple (XRP) within the current altcoin season. He explains the typical crypto cycle where Bitcoin leads and altcoins follow, noting that Ripple often lags behind other altcoins. Jordan outlines three possible price scenarios for XRP: (1) a less likely second wave down toward the $0.70‑$0.80 zone, (2) a consolidation pattern that could either be traded from the bottom or from a breakout, and (3) a breakout above the $1.63‑$1.64 level, which he expects could propel XRP toward its previous all‑time high around $3.0 (with some exchanges showing $3.2‑$3.8). He discusses how each scenario can be approached with different trading styles—intraday scalping around the breakout zone or swing‑trading on the four‑hour chart. Jordan concludes by inviting viewers to comment with questions and emphasizes the potential opportunity if a breakout occurs.
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Hello guys, this is Jordan and today we're going to talk about Ripple. Now if you're a fan of the crypto, you probably understand how these cycles work. And basically what we see is first of all Bitcoin moves, then we have an altcoin season which is pretty much everything else besides Bitcoin starts to push. Usually this is taking a few months. At the moment, we are inside this altcoin season, and Ripple, at least in the previous cycles, was always lagging behind the rest of the altcoin market, which means if we have, I don't know, X amount of altcoins which are moving and doing their push to the upside, Ripple is somewhere at the end of that list. Okay, so we, we already saw the first move, the first actual big move starting, but ever since we got stuck in consolidation. The way I see it, we have 2 possible scenarios here. Very quickly going over both of them. Scenario number one, which is less likely to happen, is to create second wave to the downside going towards the 0.70, 0.80 zone or so, and then moving forward. It is a possibility. This is why I'm mentioning it. I do not believe this is going to happen with this one. The other scenario which I have in mind is consolidation pattern. Now, this consolidation pattern, technically speaking, could have bring, uh, the price down to these levels one more time before actually moving up. As we can see at the moment, this is not happening, right? And again, the bigger structure here for me is this consolidation pattern with one more wave possible wave to go there. This scenario we can split into 2 parts: this one or that one. Basically, the consolidation pattern could be, uh, traded from the bottom or from the breakout. This is what I'm trying to say. And since we're moving closer towards the top of this zone and we're kind of getting in the mood for breakout, let's go ahead and pay a bit more attention now to this final scenario. That's why I'm leaving it, uh, for the end. The zone, the specific zone that I'm following is somewhere around 60— what was that one? 163, I think, or so. 163, 164. This is the level. The idea is very simple. If the price manages to position itself above this level, creating a breakout, I do believe we're set to continue higher and we are likely, uh, going for 3, okay, at least, which is the previous all-time high. Now in some exchanges that's 3.2, in some exchanges it goes to as high as 3.8, okay. So let's just call it all-time high. And you know what to do with this, right, depending on your broker, etc. But 3 being a psychological level, I think it's a good target. Uh, of course, if you want to be holding up until 3, bottom line is, are we going to see the breakout here, or we're going to create this one more push lower, or maybe this, basically. So those are the 3 Scenarios that I'm currently following. This could be of course traded as a short-term opportunity depending on how you would like to create your setup and manage your trade. Some might be doing it intraday, playing with this zone. Some might be going and protecting swing lows on the four-hour chart, going for higher levels entirely up to you. But sorry, not Bitcoin XRP guys. Definitely, definitely getting set up for something super interesting here, and, um, I think it might be a fantastic opportunity. All right, so that would be all. If you have any questions, drop a comment below and we'll get back to you as soon as possible. Be safe and have a good one. Bye for now.
