Reason for neutral: I believe price will dip again to present bearish, then it will bounce. It shouldn't break down under June low again if it were to bounce.
XRPBTC and its USDT pairing reaction
View of the range that developed after Coinbase delist & relist
Price target ideas based on ranging and mean reversion
Sources, used the earliest I could find for the accurate prices at public news drops:
x.com/tier10k/status/1679512873498816519
x.com/bgarlinghouse/status/1341193536780214273
coinbase.com/blog/coinbase-will-suspend-trading-in-xrp-on-january-19
See my related idea for a chuckle
XRPBTC and its USDT pairing reaction
View of the range that developed after Coinbase delist & relist
Price target ideas based on ranging and mean reversion
Sources, used the earliest I could find for the accurate prices at public news drops:
[DB] Ripple Sales of XRP Do Not Constitute Offer of Investment Contracts: Judge
x.com/tier10k/status/1679512873498816519
Today, the SEC voted to attack crypto. Chairman Jay Clayton - in his final act - is picking winners and trying to limit US innovation in the crypto industry to BTC and ETH. (1/3)
x.com/bgarlinghouse/status/1341193536780214273
Coinbase will suspend trading in XRP on January 19
Updated July 13th at 5:35pm ET - Coinbase has relisted XRP: twitter.com/CoinbaseAssets/status/1679603758165024774?s=20
In light of the SEC’s recent action against Ripple Labs, Inc., Coinbase plans to suspend trading in XRP on Tuesday, January 19, 2021 at 10 AM PST.
coinbase.com/blog/coinbase-will-suspend-trading-in-xrp-on-january-19
See my related idea for a chuckle
Note
Holding stronger vs other alts against BTCNote
Update: Ripple Labs filed a counter appeal on Oct 10 and has been underperforming the market since then. They held a party on Oct 17 deadline and it performed even worse. Funny to shareNote
Bounced off the exact middle of June's high to low range.
My published indicators: tradingview.com/u/NeoButane/
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
My published indicators: tradingview.com/u/NeoButane/
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.