XRP/USD Main trend

Updated

Main trend. Logarithmic chart. Timeframe 1 month. Channel. Triangle.

This time frame to understand the direction of the trend and where the area to trade is now.
Found the chart with the longest trading history, which displays the main trend.

Coinmarketcap: XRP

Same parameters, but on a line chart.

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Main trend (part). Logarithmic chart. Timeframe 1 week. Triangle zone.

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Nine days until SEC-XRP's two-year anniversary!

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XRP Local Trend. Channel 394 days. Pivot zones.

9 06 2023

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31 01 2024
Local work in the ascending channel, percentages, and reversal zones.

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03 03 2024

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XRP / BTC 15 03 2024

XRP/BTC Main trend. Channel. Turning zones 03/15/2024

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As you notice, there is a huge PR campaign of “hamster entertainment” involved on this tool. This has been going on for years. The key “fun” began after this cryptocurrency gained liquidity, notoriety and was pumped up to a phenomenal +51,900%.

The XRP sect, not afraid of this scary word, is one of the biggest in the crypto market. All this is due to the “entertainment - the promise” of inadequate profits and bringing “mystery” to the “legend of the token itself”. There is a whole “shop of storytellers” working on this, especially in the English-speaking community, as it is there that the “money rolls around”. Not everyone does it intentionally. Many of them are “lost” themselves, and confused wishful thinking with reality, but having a huge number of subscribers connect their flock to such a “speculative worldview”. Some especially mentally “rammed” are sure that at one moment, one can say instantly, the price of XRP token will change its value to 589$ for 1 piece of “nothing”. Thus beggars (that's exactly what they think, that's why they are such) will instantly become multimillionaires.

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People like to be deceived and told “in confidence to the whole world” about something there, no matter the degree of lying. Token price growth on the usual in trend +50-100% is perceived as a super win. PR. "I told you so”, and so on..... Everything else wrong earlier, which is 99.9% — forgets and is not remembered by the cult. While other instruments of the same, or almost the same liquidity make an order of magnitude higher % of profit at the same time. Specifically more.

This is a paradox of perception and comprehension of people who are caught in the cage of their illusion of sectarianism, afraid to realize it — protect their stupidity, thereby exacerbating it all.

A sectarian at any price increase always waits for more, depending on the degree of degradation of his intellect by entertainment - waiting. This allows the unloading of the token on big profits, a group that is complicit in creating the “noodle hanging” news background.

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This is true in all markets, but it is most evident here. It will happen again, with significant pumping of this centralized test ghost of “software” for instant conditionally free transfers of closed “not blockchain” for the existing financial system.

Why do you think that back in 2018, Ripple in every way possible “unbundled” its association with the speculative token XRP. What is displayed since that time in coinmarketcap and in sites related to the project's past.

There is a time to give away stones and collect them. It is also worth noting that in the beginning there was Ripple, with a different name of the project (or rather projects), and only then there was bitcoin and the tale of its creator “financial revolutionary” in the person one fictitious person - Satoshi Nakomoto.

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It is worth noting that the developers and customers of XRP, as well as the creators of the core of the MtGox exchange (Jed McCaleb and "team") are one "group of people". Who is not in the know, to understand the scale of the scam, the “most reliable” and liquid exchange 2010-2014 MtGox, which after its launch (was scripted to be resold to a Frenchman), skammed in time, clawing back most of the "free, people's" bitcoin at the time.

Then came the BitFinex exchange in 2013, and in the person of the first 10 main founding investors, along with some of the “bitcoin nomads” stolen from MtGox traders. The managers of the exchange could not (did not want to) patch the security hole (2 years of pouring BTC to the side of the creators of the core of the exchange) and when it became known to the public, it was announced officially — the scam MtGox. By the way FTX — almost the same story with the core of the exchange and theft of those close to it. 650,000 BTC was stolen by “hackers”

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It is probably not worth mentioning that BitFinex is directly related to the most popular stablecoin Tether USDt. This also applies to everything else of this kind. The right to issue money in any form in the world has only one organization and its satellites in a modified form of "non-involvement" with the original source.

Thanks to the USDT stablecoin, it became possible to pump up the market as a whole, and then to create derivatives trading pairs, in pairs to the transitional test, people's, everyone's favorite, "decentralized" "digital U.S. dollar" in the person of USDT. Which has excessively enabled market growth and liquidity.

What does all this have to do with XRP, or rather with the "warburg" banking direction of global digitalization and its transformation of the financial sector)? Think for yourself and grasp the interconnectedness and potential future developments.

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The masters of old and conventionally new money, have always pursued only personal goals. They do not earn money, they create it at will and needs from nothing. Therefore, they think differently than most market participants. This is their field, they invent the rules and conditions. The meaning of their game is not earning, but control and power. Farsightedness in the development of processes.

Hence, it is time to give stones and collect, getting what they want in return. These are the people who have cheated in all times of history, creating “trap” conditions, thoroughly knowing the behavior of the majority on their “playing field” of herding and slaughter. Why do you believe and hope that things will be different in the future? Above I gave several examples of “honest” deception in the local cryptocurrency speculative field, when the victim himself falls into the trap, and then, justifies his eater, presenting him in the "countenance of saints".

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How to create conditions in the market for triggers of stock exchange rule #589 ?

Often this code 589 is used by various "storytellers" in English-speaking tweets. Let's use the example of XRP as it is relevant and quite possible.

Forced verification in XRPL (voluntary verification is now possible, in the relevant section of XRPL). Freezing of balances (refusal to accept deposits by exchanges from addresses without verification) of XRP holders under the pretext of verifying the identity and origin of earlier funds. Any balance is equal to zero, and is marked as potentially “dirty”, contact with which (transfer) is tantamount to “infection” and blacklisting.

Stopping trading on most exchanges (so that there would be no dump, getting rid of the problem token). Exchanges will refund dollar equivalents at the purchase price of previously purchased XRP in spot and derivatives. Honestly. Trading will resume only at +XXL% inadequacy, after the "dump-liquidation" of a huge number of holders of XRP....

Trading is still conducted on exchanges that allow only verified users to fund their XRP account. This is what causes the price to rise. There is no one to sell, you can only buy at a huge pumping percentage.

Verification of large addresses is delayed by all possible ways or conditions of impossibility to pass. Small addresses (market dust from silly money that does not affect the market) on the contrary for the development of HYIP pass bistro.

Because of this there is no supply on the market. Price — “flies into space”. Only the creators of the scam and their accomplices can sell to hamsters at very expensive prices, on exchanges selected (with official consent) for this purpose, as well as satisfied hamsters with “dust” verification.

The selected “correct” exchanges support XRP withdrawal/input only from verified addresses. The rest of the XRP holders, who have been entertained with fairy tales for over 8 years, are just watching a huge pump they can't use. The creators of the scam cover themselves with “unforeseen situation on the market” and care for the poor and “not very smart” who will be similarly cheated no matter how.

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Always set adequate goals, what is realistic, not what you want. Now the money from bitcoin big capital is pouring into XRP. With a LARGE probability that the pumping will take place in April.

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part of the main trend (a huge triangle) and this channel in it before the denouement.

The major long term trend reversal zones and the percentages of that zone (where we are now) are shown on the chart.

Not shown here is the takeout percentage (a probability to keep in mind) if they do like BTC did in 2020 (similar huge triangle and a -68% takeout at the "crown dump").

Earlier in early 2017 on XRP before the dump over 65,000% - 55,000% did such a thing (low liquidity). Earlier I showed and told the potential logical probabilities of deception with such a thing at the reversal zones and how not only to protect yourself, but also to earn, if something like this is realized in the moment.

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1 07 2024

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