XRPUSDT
Back to the square oneNearly a month ago, federal judge Analisa Torres ruled in favor of Ripple Labs in its case against the U.S. Securities and Exchange Commission. The decision was quickly followed by bullish price action, and XRP rose almost to $1, with many investors claiming this to be only a beginning of a roaring bull market. However, fast forward to today, and XRP still has not managed to break the $1 mark. Instead, the token lost more than a third of its value following the initial spike right after the judge’s ruling. Furthermore, as if it was not enough, the SEC signaled this week that it would appeal the ruling, setting a step back for the victory. As a result, we think this might put a lid on the XRP’s price and lead to increased volatility, with the prospect of XRP falling lower as another round of legal battle drags on.
Illustration 1.01
Illustration 1.01 shows the daily chart of MACD that is approaching the midpoint. If it breaks below it, it will be bearish for XRP in the short term.
Technical analysis
Daily time frame = Slightly bearish
Weekly time frame = Bullish
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Does Ripple Refuel?With the fall that happened in the market yesterday, Ripple seems to have not lost its decision to grow and has the possibility of climbing to the range of 90 cents.
In the time frame of 15 minutes, the price is fluctuating above a price block, which is likely to fill it as a market value gap and then start its growth.
It is possible that the price will drop to the range of 43 cents and then rise to 90 cents.
XRP/USDT 3DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this XRP/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- XRP has been consolidating around 50 cents for a while now and closed the week with a minor loss of 1.7%. This cryptocurrency has strong support at 47 cents, which is not far from the current price. If sellers return, then this level could be tested again, similar to mid-August.
The resistance is at 56 cents, and so far, buyers have not been able to test this level. This lack of strength on the buy side could continue for some time as the overall price action remains bearish.
XRP appears to want to hold around 50 cents, which is a key psychological level. The current flat trend seems likely to persist, and so long the price does not lose its support at 47 cents, a recovery could follow once the consolidation ends.
I have tried to bring the best possible outcome to this chart.
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XRP POSSIBLE 40% GAIN CLASSIC BULLISH DOUBLE BOTTOM hello traders so after doing a quick analysis on XRP it appears that it might gain 30-40% in the upcoming days / weeks .
- the price formed a classic reversal bullish pattern : a double bottom on a key level .
- the price broke the neckline of the double bottom violently and it appears that it went down to do some retesting .
- if the price manages to break that neckline again we might see XRP reach that bearish trendline again and even break out of it and reach new highs .
the break out will be the confirmation we need .
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HelenP. I Ripple can bounce up from support zone to $0.5120Hi folks today I'm prepared for you Ripple analytics. Some time ago price entered to resistance zone, which coincided with the 0.5240 resistance level, and soon made the correction below. After this, Ripple rebounded and rose to 0.5500 points, but in a short time declined back and even later made a strong downward impulse to the trend line, breaking the 0.4940 support level. Soon, the price bounced higher of the support level, which coincided with the support zone, and then started to rise. Ripple some time traded near the support zone, but a not long time ago price declined to this zone and recently bounced up. Now price trades very close to the support zone, and I expect that Ripple can make a small movement down to the support level and then bounce up. For this reason, I set up my target at the 0.5120 level. If you like my analytics you may support me with your like/comment ❤️
XRP will hit $4 in the next bull runI can't think of any reason why XRP won't hit $4 in the next bull run. As you can see on the weekly chart, XRP has formed a double bottom pattern indicated in the blue color. Also, XRP has formed a bullish symmetrical triangle targeting 4 in the next bull run. Stochastic RSI indicator on the weekly frame is oversold. I am not saying that there is no room for correction back to 0.35 / 0.40 areas. That is very possible and it would be a great price to buy
RIPPLE - Price can bounce up from support area to $0.5550Hi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊
A few time ago price traded near $0.6255 resistance level inside resistance zone, but later it broke this level and made strong downward impulse.
Ripple broke $0.5035 level too and fell to support line of triangle, but soon bounced higher of this level.
Then price some time traded near $0.5035 resistance level, which coincided with support area, and even rose to resistance line.
But recently price declined below $0.5035 level, thereby breaking this level and at the moment it trades below.
I think that Ripple can make a little movement down and then bounce from support area to $0.5550, breaking resistance level.
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XRP ☁️ Forecast - Downside Risk In the Week Ahead Rain and clouds 🌧️ linger over the global crypto market in the next 24 hours, signaling a slightly or clearly bearish trend with downside risk. 🐻 Cardano, Polkadot, and Uniswap, however, face sunnier, bullish trading conditions with upside potential over the same period. 🌥️
Over a one-week horizon, crypto price predictions are mixed. 📅 Bearish, cloudy trading conditions lie ahead for Bitcoin, XRP, Cardano, and Binance. ☁️ Other crypto coins such as Ether, Litecoin, and Uniswap face sunnier, more bullish trading conditions with upside potential, according to ATTMO. 🚀
Ripple can rebound up from support line and exit of pennantHello traders, I want share with you my opinion about Ripple. Observing the chart, we can see that the price some days ago price rebounded from 0.5080 current resistance level and started to trade in a big range. Inside the range, the price made the correction and later rose to the 0.5340 resistance level, which coincided with the seller zone. After this price broke this level, thereby exiting from the range and reaching the resistance line of the pennant. Then Ripple rebounded from the resistance line and in a short time declined to the support line of the pennant, breaking 0.5340 and 0.5080 levels. Later price rebounded from the support line and rose to the resistance line, but recently it rolled back and now it trades very close to the resistance area. In my mind price can rebound up from the support line to the resistance line, which coincides with the resistance level, and try to break them. After the breakout, Ripple can make retest and continue to move up. For this reason, I set up my target at the 0.5200 level. Please share this idea with your friends and click Boost 🚀
A 'major breakout' in XRP will occur on or around...I'm calling this prediction the 'Phi Breakout.' On July 2nd I predicted a false breakout and a major breakout would both occur in XRP. Although my dates were wrong, the false breakout occurred on July 13th. I'm now adjusting the date for the major breakout based on my mathematics.
I'm predicting that on or near September 22nd 2023 we will see the 'major breakout' in XRP that we have all been expecting. Here's how I came to that assessment.
The Ripple/SEC case was settled on July 13th, which was the 164th day of the year.
164 days times Phi (1.618) = 265.35 which would be September 22nd at 8:04 a.m.
I also believe based on my math that another event will occur with XRP on February 18th 2024 which would be 265.35 (Sept 22nd) times PI (3.14) which would be 514.96 or February 18th 2024 between 10:57 p.m. and 10:58 p.m., but I'm not sure what it's going to be yet, so I will reassess later assuming my September 22nd prediction is correct.
So, we'll see if my theory about using sacred geometry to predict price movements in stocks/cryptos proves to be correct, as that 'major breakout' prediction date is only weeks away.
Happy trading folks, this isn't investment advice, just my theories!
Ripple XRP vs. SECXRP From 13-07-2023 to 18-08-2023
Disclaimer:
This is for educational purpose only.
This is not a financial advice.
XRP BREAKOUT WILL BEGIN IN OCTOBER 2023XRP will breakout of the descending wedge pattern it has been trapped in since Dec 2017 on or near October 23rd 2023. A false breakout will occur first on or near Aug 28th, which will fail at around .65 cents. It will then drop back into the descending wedge pattern bottoming around .50 before the final breakout occurs on or near Oct 23rd.
XRP will go on to set a new all time high before Christmas, and will most likely break the double digit level for the first time ever.
It will be a very Merry Christmas indeed! Remember I told you so...
XRP's Uncertain Future: A Bear and Bull Case Analysis..XRP's Uncertain Future: A Bear and Bull Case Analysis
After a long-awaited court ruling in July, cryptocurrency enthusiasts had high hopes for XRP's resurgence. The Securities and Exchange Commission's (SEC) case had cast a shadow over XRP for over two years, but many believed the coin would effortlessly cross the $1 threshold this year. However, the reality has been quite different.
Over the past 30 days, XRP's value has dropped by a staggering 25%, now hovering around $0.54. This drastic decline has raised questions about the coin's future. In this article, we'll explore both the bear and bull case scenarios for XRP.
The Bear Case for XRP
Firstly, it's essential to reconsider XRP as a short-term momentum play. Investors who bought into the optimism generated by the SEC court ruling in July and August are now facing significant losses. While overall sentiment towards XRP has improved, the path to $1 seems much more challenging than initially anticipated. Despite a mid-July surge, XRP finds itself nearly where it started at the beginning of summer.
The protracted SEC court case undeniably damaged XRP's prospects. In December 2020, when the SEC initiated its case, XRP was a dominant player in the crypto payments sector. Its Ripple payment network offered efficient, fast, and cost-effective cross-border transactions. XRP was also forming partnerships with key financial service providers that recognized the transformative potential of blockchain-based payments.
However, since then, numerous blockchain competitors have emerged, offering even faster and cheaper transaction capabilities than XRP. Additionally, some initial partners, like MoneyGram International, severed ties, likely due to the legal uncertainties of the SEC case. This left XRP vulnerable to fresh competition. To compound matters, the SEC has announced its intention to appeal the July court verdict, keeping XRP in regulatory limbo.
Nevertheless, XRP's underlying Ripple network still offers practicality for facilitating payments. Despite losing some financial service partners, XRP continues to secure new collaborations. Notably, Western Union has expressed interest in potentially integrating XRP into its payment infrastructure, potentially revolutionizing international money transfers for the better.
Moreover, XRP can benefit from macro trends like de-dollarization and the rise of central bank digital currencies (CBDCs). Integration into de-dollarization and CBDC initiatives worldwide could significantly enhance XRP's long-term growth potential.
For example, the BRICS coalition (Brazil, Russia, India, China, and South Africa) aims to develop a digital payment system for rapid cross-border transactions, reducing dependence on the US dollar. XRP's blockchain technology aligns well with this vision, leading some to speculate about XRP surpassing its historical peak of $3.84.
The Bull Case for XRP
Assuming no unforeseen setbacks, XRP could find a niche in the financial services sector, particularly in cross-border remittances. Digital remittances represent a potential $135 billion market, but investors may prefer safer avenues like Western Union, avoiding the risks of the crypto space. Many emerging market ventures that could incorporate XRP remain speculative at this point.
In conclusion, XRP remains off the radar for many investors, and some are hesitant to consider it a viable long-term investment. XRP's path ahead is undoubtedly an uphill battle, with numerous altcoins priced under $1 showing more promising long-term growth prospects. Investors should carefully evaluate the risks and rewards before considering XRP as part of their portfolio.
XRP/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this XRP/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- the price has held above the 200-day moving average, around the $0.5 mark, over the past few weeks. However, the price is currently testing the 200-day moving average. If this moving average breaks down, the price will drop quickly towards the $0.43 level.
On the other hand, if the price rebounds from the 200-day MA, this could lead to a bullish move towards the $0.55 resistance zone. Yet, given the RSI indicator showing values below 50%, it is more likely that the bearish scenario will play out.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
The charts in XRP has changed, it's going down to...The charts in XRP have made some drastic changes in the past few weeks. However, for long term hodler's this will be another great buying opportunity, and for swing traders this will be the icing on the cake if you appropriate your trades correctly.
I think we are about to see XRP drop back down to a low of .3735.
Don't put all your eggs in one basket!
XRP Local Trend. Channel 394 days. Pivot zones.Logarithm. Time frame 1 day Part of the secondary trend, the upward channel zone of 394 days (13.13 months. Second year of the SEC-court FUD story).
A symmetrical triangle is forming in the uptrend channel. A decoupling is coming. Percentages to key local support/resistance levels are shown on the chart.
Launching "expert opinion tales" in the manner of: "a fair price" on XRP if not “sued” by the SEC from $908 to $513,000 per coin!)
🐳🗣Such reassuring nonsense for sectarians has 2 objectives:
1️⃣ 🔴 Keeping the price in the drop zone
2️⃣ 🟢 Psychological preparation for future dump , so that on any, even an inadequate % of profit from the trader's position, the sectarian will not sell his coins. After all, he is waiting for the price XXX (no! XXXXXXXXX) that “insiders” told “in confidence” (bullshit for the poor but very greedy).
For example, the price of XRP rose to $0.58 or $1 (symbolically), and the “super hamster” is waiting for the realization of the insider, that is the price of at least $908 (why not $906, for example?).
When pumped in the distribution zone (i.e., selling with “smart money”), such insiders and expert opinions for stupid people (news trending background) increase significantly. Especially on liquid cryptocurrencies and stocks.
🐳🔵 For stupid people (hamsters) a whole avalanche of information, like this news breaker, when:
1️⃣⚠️ Critical situation for a "market maker." When the price is near distribution zone support (reset) and there is a huge absorption of unwanted selling by the “market maker” to hold the price and not break the trend (keep the selling zone range for “dumb money”).
2️⃣ 🟢 When significant price gains are planned from the initial distribution zone to:
1) the second distribution zone (above), or
2) the last momentum from the distribution zone, before the trend reverses (reset), i.e., the activation of greed and “lost profits” for “dumb money” when most “smart money” positions have already been sold.
1️⃣ Main trend.
XRP/USD Main trend
XRP/USD Main trend (part) Triangle
2️⃣ Secondary Trend (all falling from the cycle high of 2021).
XRP/USD Secondary trend. Channel.
3️⃣ Local trend (sideways, accumulation zone).
XRP/USD Nine days until SEC-XRP's two-year anniversary!
(14 updates of local work since 12/13 2022, this idea is the continuation of this work).
The smaller you set your trading target, the more you earn over the distance.
RIPPLE - Price can bounce from support line and leave triangleHi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊
After price bounced from support line, it rose to resistance line of wedge and started decline to $0.6255 resistance level.
Ripple broke this level and fell to support line, but at once bounced back, exited from wedge, and some time traded near resistance area.
Later price broke $0.6255 level and fell below support level, which coincided with $0.4960 support area, to support line of the triangle.
But then Ripple bounced higher $0.4960 level and now price continues to trades in triangle near support line.
Possibly price can grow to resistance line and break it, exiting from triangle and after this make retest.
Then Ripple can continue to rise to $0.6255 resistance level.
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XRPUSD waiting for confirmationRipple perform short term bullish with Ascending triangle pattern, and also almost reach major resistance trendline.
to perform strong bullish movement, XRP need to break this resistance and break up ascending triangle pattern as bullish confirmation above 0.5528
We have 2 target for this setup, 0.6380 at previous resistance and 0.7317 around fibonacci resistance
If you have any question about this analysis, feel free to contact me
Happy trading
XRPUSD Analysis: Navigating Bullish Long-Term TrajectoryThe outlook for XRPUSD is under scrutiny, with a firm long-term bullish sentiment. A strategic analysis reveals key insights that we should consider for informed decisions.
📈 Long-Term Bullish Stance
The long-term perspective on XRPUSD presents a bullish trajectory. This suggests potential opportunities for investors looking to profit on upward price movements.
💼 Medium-Term Scenario: Upswing and Correction
In the medium term, a notable upswing is anticipated. However, traders are advised to stay cautious as a potential correction could follow. This cycle of surge and retreat demands calculated decisions.
🎯 Critical Levels to Watch
Buy/Support Level: For those considering entry, a key long-term buy/support level lies within the range of $0.20 to $0.22. This zone offers a potential strategic entry poin t.
Sell/Resistance Level: On the flip side, a crucial long-term sell/resistance level is identified at $3.20. It's a point where traders might consider profit-taking or reassessing their positions.
🔑 Breakout Potential: Bullrun Over 2024-2025
Remarkably, if the bullrun maintains stability throughout 2024-2025, the price might defy expectations and surpass the $3.20 resistance. This potential breakout could open doors to further gains.
🔍 The Path Ahead
As the XRPUSD journey continues, prudent investors should keep an eye on these critical levels and monitor market dynamics closely. Strategizing in line with these insights can enhance your trading edge and potentially capitalize on both short-term fluctuations and long-term growth.
Remember, successful trading requires careful analysis and adaptability to evolving market trends.
Is XRP still bullish?When we look at the xrp waves we realize that we are in a diametric where the f wave is ending.
I think we can look for sell/short trades when we reach the red box
In the red box, I expect that the last wave of this rising diametric, the g wave, will end and we will move down.
I have also specified the Invalidation Level, closing 1 daily candle above this level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
XRP update: The pump WILL come. With or without SEC FUD.It's time to look again at good old XRP, the historically most brutal coin to hold, and it again does confirm its reputation.
The price action of XRP has been really subpar compared to some other coins, that have already seen strong rises, in accordance to the rise of BTC to new all-time highs.
This is of course largely due to the SEC vs Ripple case, and the subsequent delisting of XRP from american exchanges.
However, I am convinced that XRP will see epic pumps, no matter what happens in the future with the SEC lawsuit.
First of all, I am following the case and it looks as if either Ripple wins or settlement happens with a probability of close to 100%. The SEC are total clowns that have an extremely weak case,
and actually they are now even under scrutiny for suspicion of corruption as a direct result.
But chart-wise, what XRP is doing, is nothing new. This coin always was insanely stable in BTC runups, and then after everyone had given up, see insane short bursts of extreme rise in the matter
of mere weeks. This is the modus operandi of that coin, and we all knew it would be hard to have XRP.
Also, historically it was always one of the very last coins to pump in a bullmarket. Actually one could even say: When XRP has pumped, the bullmarket is over. Being the last coin to pump, this statement
could be verified again pretty soon.
I mistakenly thought that we would get a 2017 repeat. However, BTC is NOT doing a 2017 repeat, this rally is really different from 2017. It looks more like a weird version of 2013. So, why shouldn't the correct
XRP behavior also lie as far back as 2013, which is relevant to our analysis?
In 2013, we can actually see some fascinating stuff that happened. XRP made an insanely similar structure to what it is doing now !
I marked it with the two ellipses. First fake pump, then dump to a lower XRP/BTC ratio. Then from there pump, retrace, another smaller pump, and by that logic, we should soon see a dump, followed by
an outrageous pump.
Fascinatingly, this would coincide with a very likely BTC dump, before the epic pump towards the end of the year.
I also expect the US dollar DXY to further weaken and further fuel the crypto rally. Everything is aligning nicely and XRP will be again one of the last coins to pump, but I still believe that the reward for all
people that were insane enough to hold this coin through all that brutal time, will be extremely high.