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XRP / TetherUS

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

By SpartaBTC
Updated
Logarithm. The time frame is 3 days.

Today is the 13th day, 9 days left to 22 12 2022 (13) the two-year anniversary of the XRP-SEC imitation tale.

The price is now 0.38 (average sideways price of 216 days (7.2 months).

XRP/USD Main trend
XRP/USD Main trend


XRP/USD Main trend (part) Triangle
XRP/USD Main trend (part) Triangle
Comment
snapshot Nothing in particular has changed. Price in the channel range. Local downward movement to the support level of 0.316.

Less than two days left of the two-year anniversary of the SEC-XRP court. Will there be statements, fairy tales, etc. for the entertainment of the (correct word) crowds in connection with this “date”? FUD will be positive, negative or nothing?)
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snapshot Also, today 2 01 2023 300,000,000 and 400,000,000 #XRP blocked in escrow
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snapshot This is how the chart and the sideways zone look like on the 1-day timeframe. The percentages from this zone and from other potential shows, however, all as before nothing has changed.

Note that this squeeze of -10.69% under the support at 0.316 took place on the 237th day of this channel. Locally on the 1h time frame there is a significant increase in buyer volume at the moment.

I wrote about 237 and its variations in detail earlier. Do you still believe in coincidence or abstract market strength?
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snapshot Time frame 1 hour. Local increase in volume after a squeeze
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snapshot +19% after resetting stopLoss to secondary trend resistance (red). A secondary trend reversal may occur. Important local dates on the chart. In such zones, stops will be taken out. It is rational to work from the average set/discard price, taking into account risks.
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snapshot 273 days sideways.

Coin, which showed the smallest profit in January (lagging behind the market) +24% (remember only BTC local consolidation zone +40% from resistance (not lows). Why do you think so?

Percentages of the key local areas are shown on the chart. Just a reminder that in March the adoption of ISO20022 (allegedly by the ECB on March 20) officially.
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snapshot Trading situation now. The price is still in the accumulation zone of 314 days at the meridian of the horizontal channel. Today is 20 03 2023, supposedly on this day SWIFT planned to introduce officially the standard ISO20022

22 03 2023 is one of the most important days for all markets in months. Fed interest rate meeting (expensive/low money). Just a reminder, the money printing conveyor belt has already been on for over 1 week.
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snapshot +31% to the 0.5106 intermediate level zone (not important). There is a breakdown of the resistance level of the accumulation channel 0.4496. Local rollback to it. Soon there will be news with the "court".
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snapshot Under fud launch on crypto and Fed interest rates (nothing extraordinary) pullback after momentum. Who did not enter the position earlier be careful, there may be a chance. There could be a bullish takeover and a resumption of a bullish move.
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snapshot There was a takeover, the price at the moment consolidated above the level of 0.4231
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snapshot Inside a day's work + some days. Time frame 1 hour.

+9% to the local level 0.4929. Local pullback. Local short stop-loss zones (fuel for impulses and breakouts) are shown on the chart. Also shown are the key support/resistance levels and the percentages to them from the reversal zones (trend direction).
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snapshot Local work. +18% at the moment. Pivot zones on the chart.
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snapshot 20 04 2023 Price clamping in the channel in a narrow range of 23 days between the levels of 0.4929 -0.5506. Reversal zone. Percentages are shown.
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snapshot Rollback in the accumulation zone to the level of 0.4231, from it the local growth, thereby forming a triangular formation. At the moment the profit is about +25%.

At the moment the price is above the resistance level 0.4496. If this level remains, the local uptrend will continue, at least till the borders of the marked channel.

It should be noted that on all liquid exchanges there are "walls" (pending sell orders, spoofing) in the area of 0.54, they stopped this movement.

If they are removed, the price growth will be as stated above.
If not, they will press and form this triangle.
All local percents are shown, also zones of short #StopLoss (standing behind walls), due to them there will be movement ("fuel").
Comment
XRP Local Trend. Channel 394 days. Pivot zones.
 9 06 2023
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SpartaBTC
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