XRP Legal Case might go wellSeems like xrp is starting to hold up against btc dumping. To me this is showing capital from one to the other. The why will be unfolded later on but the chart is showing signs of good news.
SEC
High probability XRP boomThe SEC lawsuit is very well a faux and Ripple Lab's XRP is well on it's way to shock the crypto world. Tighten your seat belts and get ready to shoot to the moon!
XRP Scalp Set-up for 18% gain! 🚀The $.31 support level now has given XRP support on three occasions already and also shows some historical strength on the S/R flip. Since the price has reached this level again now, I believe this could be a great moment to enter XRP for an amazing 18% trade opportunity.
I tried to make the chart as self-explanatory as possible so I won't add lots of text in here. In case you have any questions, feel free to drop a comment and I'll make sure to leave an answer for you.
XRP (SEC CHARGE) Channel & Crucial Levels XRP appears to be in a range with an indication that it could explode to the upside on a technical standpoint despite the current SEC uncertainty. A clean chart to display solid fluid support and resistance levels amongst the Monthly, weekly and daily timeframe.
Despite the SEC uncertainty, XRP manages to maintain price action above the 8EMA & 18EMA with candle bodies closing consistently above the fluid support levels. The 200ema has proven time and time again to be a solid level for XRP to break, it has been unable to break this with lack-lustre wicks providing no sign of a close above. RSI shows the 78.10 provides an overbought perspective however, the channel and pennant XRP is currently, it is best to sit back and await further confirmation. If XRP closes above 0.35, I will enter positions with profit taking 0.38c, then 0.50c thereafter.
A rejection of the 200ema and the performance of the TOTAL crypto market will provide an insight to a bearish cycle to begin for XRP, with a visit to 0.26c, 0.22c and then 0.17c. In this scenario, my strategy consists of dollar cost averaging during the dips, I believe that regardless of the SEC charges against Ripple regarding being a secuity, it will have provide clarity therefore a long-term positive price action for XRP is still expected.
*This is not financial advice, please trade and invest responsibly*
XRP Trading Strategy After the SEC Complaint [Continued]We all realise now that it is very dangerous holding XRP long term, as its future is less certain than it has been before. However, big announcements and newsworthy events only happen once every so many months. The SEC complaint will also take a very long time to play out. Inbetween those events there is plenty of technical analysis that can be performed.
I will keep sharing ideas and trade set-ups for XRP. The volatility is amazing, and the support and resistance zones are still playing out as normal. Just be careful you don't enter a trade during when big announcements are to be made. Be safe and trade with a stop-loss on XRP!
This idea shows an example of how you could trade XRP right now, purely based on TA. We are seeing a clear support and resistance zone. I know it looks small, but there's an insane 30% gap in between them.
To get a great risk-reward on your set-up make sure you buy as low as possible to the support zone (that means, the price right now is too high... wait for it to drop first!) and sell as close as possible to resistance. I'm thinking of a buy around $.226 and a sell around $.3. This gives you a risk reward ratio of 1:2.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
XRP Has Seen The Bottom - What Is NEXT?In this technical analysis I will share a trade set-up with you that many of you will have missed. The reason it is missed is because XRP is very volatile right now and lots of people focus too much on the bigger picture. They either worry about the SEC complaint or look at the chart way too zoomed out. In reality there are lots of fantastic short term opportunities such as the one I present here. Don't worry, I will explain it step by step so you can benefit as well.
Just to recap, also based on my earlier ideas on XRP after the SEC complaint came in. It is very dangerous holding XRP long term, as its future is less certain than it has been before.
However, big announcements and newsworthy events only happen once every so many months. The SEC complaint will also take a very long time to play out. Inbetween those events there is plenty of technical analysis that can be performed.
I will keep sharing ideas and trade set-ups for XRP. The volatility is amazing, and the support and resistance zones are still playing out as normal. Just be careful you don't enter a trade during when big announcements are to be made. Be safe and trade with a stop-loss on XRP!
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.
- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
How to Trade XRP After the SEC ComplaintA lot is going on with XRP. The SEC charges are serious business, and many exchanges followed up on this quickly thereafter by delisting XRP completely. However, if you know me I am a trader and not an investor. You can earn great money even while trading the crème de la crap.
I want to highlight some fantastic scalp opportunities on XRP that give that warm and fuzzy feeling even to the most conservative traders out there. XRP is not only very low at the moment, it is also extremely volatile.
I suggest safe and low positions amounts, but definitely entering with some longs right now. The panic is definitely over, the bottom has been seen and frequently we see some sort of upwards correction. I suggest to buy and try to get at least 20%, 30% in on your trades. Which is absolutely nothing compared to the volatility is is traded at, at this moment.
What's very fascinating to me is to see the insanity of what small movements on a volatile coin can do. This mini correction from the bottom of XRP already represents a 47% gain.
I have been looking into the XRPUP token recently from Binance. Looking at that same token for this tiny correction is equivalent to a 135% gain even. Personally, I don't plan to actually follow this idea to the T. The core principles I believe are true, and I will keep trying to buy low and sell high - regardless of the circumstances. Or should I say ESPECIALLY during these circumstances? The panic following the SEC complaint can give us great great long opportunities. Overall, I will try to benefit from shorter upwards movements using the XRPUP token, focusing on say 20% at a time. This might seem much but literally only spans across several hours.
I prefer the XRPUP token over trading with leverage as the leveraged tokens cannot liquidate you and therefore give more safety. Even if you are wrong, you can choose to hold and wait until the price bounces back near your entry. With leverage you cannot do this and get liquidated in the process.
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Disclaimer!
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6.1.2021 - Ripple (XRP / USD)Hi Traders!
Today we will look at the XRP / USD analysis and take a closer look at the Ripple case.
XRP has flooded newsfeeds in recent days with reports of a lawsuit filed by the SEC (US Securities and Exchange Commission). The SEC filed a lawsuit against Ripple , which created cryptocurrency XRP. T he lawsuit alleges that Ripple was involved in the sale of the securities - meaning their XRP cryptocurrency. It should be added that this action has been pending for a longer time.
At the moment, it is difficult to say how it will turn out. Ripple has capable lawyers and one of them is a former member of the SEC. Some exchanges have already suspended the trading of XRP or wanted to delist XRP . At the moment, therefore, we would avoid any investment in this cryptocurrency.
But let's take a look at the XRP chart. From below, we have very strong support at the level of USD 0.1713, and from above, strong resistance at the level of USD 0.25. Although we do not know how the SEC lawsuit will turn out, the chart always reflects investors' expectations, so we can see the outcome of this lawsuit from the chart before it's in the news. If we break the support downwards, it looks very bad with XRP. Conversely, if we break through resistance, then XRP may be waiting for good times. However, while we are at the current level, we only monitor and do not buy XRP.
May the crypto be with you!
XRP - decision timewe broke trendline because of BTC correction, let's see if we can close above the trendline, then a bullish scenario retesting resistance is more likely.
bullish:
TP1: resistance @ .26
TP2: 50% fib @ .28
bearish:
TP1: yearly open @ .22
TP2: monthly demand @ .20
TP3: support @ .19
XRPUSDSellers appear to be absent. There has been too much bad news with too little downside reaction in the recent days. Coinbase delisting caused a 50% drop, whereas a Binance delisting caused much smaller drop despite having a much higher marker share of XRP volume.
Good chance for breakout upwards. If we breakdown, however, we're heading to $0.13-$.016.
YOU ARE A HUMAN? SO YOU GOT A LOT OF PANIC RIGHT NOWJust my 2 cents about the situation on RIPPLE vs SEC and our big bad bearish boys and girls
Big bears trying to dump the prise further while using the SEC news. The news are still huge, but we have some reasons to dont panic, at least as a longterm holder.
In my chart you can see the yearly open and the wick. its around .19$ and still in play, if we hold this level on a weekly/monthly timeframe all is still good and we could go bullish on the short term.
There are some reasons to dont panic sell right now.
=> SEC news are only for US
=> big exchanges doesnt delist
=> big exchanges do halt trading for US citiziens, not delist XRP from their platform. Huge difference.
=> from a technical it does looking bad, on the other hand compare the chart with the 4K bitcoin dump. Could be the same outcome. > huge dump and pump.
=> BTC is on his all time high - Altsaison starts right after BTC is starting to retest support or making a correction.
=> On a chart perspective XRP looks really sh*t, but YO still in play, so let's see how we close our weekly and monthly candles.
=> Big buyers step in when blood is in the streets - so what do you guess what's happening right now?
Stay calm and wait if u are an holder, otherwise try to day-trading. In this region you have huge %gains as a daytrader. Still risky. Because ripple moves fast in any directions.
Stay safe and dont get rekt
XRPUSDT divergence , ready for a breakout or DUMP to 0.173->0.1Support 1 -> 0.173 USD
Support 2 -> 0.1 , will happen if some major exchanges delist or suspend xrp trading, or if bitcoins starts the correction.
We also have a divergence, higher lows in the RSI indicator and lower lows on the charts. This kind of indication is a strong one.
Ok, Stop"Anotha One..." Micro timeframe Dolphin! Long or Short ? Who cares it's inverted .. Hey Ripple Army thanks for the move down it was really rewarding. Is this Dolphin already up for another show?
What are your thoughts? What is XRP good for???
-No advice just thoughts that I can't shake after the last 5 years in the world of "CRYPTO"
""KEEP CALM AND MANAGE THY RISK!""
P.S. Remember if you plan on hand-feeding the Dolphins please keep in mind Dolphins have teeth.
SEC Ripple Effect. Buh-bye XRPF.U.D.? Maybe, but fear is a highly conserved trait because occasionally that bear behind you is actually about to eat you alive.
Baring an unlikely retraction of the SEC complaint with the new Executive Administraion, Ripple is in for a world of hurt.
If they lose, their entire business model crumbles and the company disappears, leaving XRP as a useless token...ahem...security.
Exchanges, especially ones with big ambitions to one day go public, have been backing away in droves.
Ripple customers will be the next to head for the hills.
No bank wants the SEC breathing down their necks over a relationship with Ripple and the use of their services.
Even institutions outside the USA will likely see significantly reduced usefulness of Ripple's service offerings if they are effectively precluded from using it to integrate with US banks.
Chances are high that a year from now XRP bagholders will be trying to pawn off their near worthless tokens directly to others on every Social Media site in existence because there will be almost no where to trade them.
XRPTF: 12 Hr
If XRP breaks below $0.21 than I think we may see $0.13 - $0.15 and it may even visit the $0.10 levels. I am keeping an eye on the price action to see if we break the candle wick and hold below $0.21. Might see some good opportunities to buy low.
Also keep in mind why XRP dropped so hard, not a pair i'm looking to get in right away because of the whole SEC/XRP news, but if a good setup arrives I may look to buy. Really need to keep an eye on price action and volume in this case.
Heres my previous XRP Idea:
XRP CAD Update 12/28/2020Downtrend continues and holds strong. More bad news regarding the charges and XRP trading being suspended across the board. I’d watch for this to continue to fall
XRP Formed new bottom?Lower highs pushed the existing resistance further down. Will SEC cause another dump or have we met the bottom?
How will this affect the US? Comment below what you think.
Disclaimer: This is not financial advice.
XRP back in position to 15x BTCXRP is now sitting at under 1100 satoshis, a place it has not found itself in since December of 2017, when BTC was reaching it's ATH. Once again, BTC is establishing a new ATH and XRP is at an ATL against bitcoin. What happened next in 2017 was that in a matter of 4 weeks xrp spiked 15x against btc, from less than 1100 sats to more than 22000 sats.
Now I know that the news of Ripple's legal trouble with the SEC has a lot of us rattled, but I see three reasons not to be. First, even after the news broke and the massive selloff transpired, xrp is still sitting in the .30 cent range against the usd, which is a key area of resistance that it took more than a year to break through. Second, the weekly red candle in Dec 2017 that took xrp down to it's atl against btc was bigger than the current red candle that has taken us to where we are now (the selloff in dec 2017 was bigger than the current selloff). And third, the SEC is just wrong; xrp is not a security, and Ripple will prevail.
With that being said, I'm still bullish on xrp. Let's see where this goes!
Cripple the stage is setThe technicals are there now we wait for the fundamentals to unfold. For Cripple to launch like this we would have to have a positive outcome from the SEC Lawsuit. Very important 2-3 weeks ahead of us!
RIPPLE vs SEC (Note to myself)If it bounces off of the maroon line its all theatre. Cant wait to see how it unfolds. Why would it crash so much if 95% of ripple business is outside USA? It all smells funky.
LINK TO RETRACE & HEAD TOWARDS PREVIOUS LOWER LOWSLINK MIGHT HAVE SOME ISSUES RELATED TO THE SEC SUE AGAINST $XRP, therefore could have some movement towards below.
Good Point of Control above also allowing to put a really tight stop loss and a huge possibility of making good pips.
Happy holidays!
