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Bradgarlinghouse

XRP will highly likely go to 6-8 USD soonI have to say that I almost finished my analysis but somehow my page got refreshed and it got lost.. So I will summarize what I wanted to say: Pattern recognition is important and are (magnified) copies, and following signs are bullish: * Compare the blue and pink rectangulars * we are hovering above the 200 ema * if we have a break-out of the pink rectangular, we will probably hang below the yellow descending trendline * If we break-out we will most likely see very rapidly ATH or 3-3.2 usd First bullrun around end of 2017 was around 1600% which will be repeated from this level 0.48-0.5 usd.. which results in a level of around 8 usd or exactly the 2.618 FIB level ! I might think a 3th wave will pass the 3 usd level to come back as support in a 4th wave and meet the 6-8 usd in a 5th wave. On a macroeconomic scale it looks all clear and the graph is quite clean for a run-up after a long 6 years consolidation! I think there is much momentum made as we didn't have a ATH in previous bullrun after covid. So the potential is enormous as XRP has a decent bottom and support around the 0.3-0.5 usd level. Also remember when there was a crash in USDT several years ago..everyone ran into XRP which was quite atonishing. It is somehow a reserve currency and could take out ETH in the a second spot which it did already briefly in jan. 2018 ! I foresee a bullrun like end 2017 with a start after 2nd quarter, so end of June this year... which will have a peak again at the end of this year.
BITSTAMP:XRPUSDLong
by Wolverinos
6
XRP Faces Turbulence: Traders Suffer Losses Amid SEC Lawsuit The CRYPTOCAP:XRP market is grappling with turbulence as traders count their losses amidst mounting uncertainty surrounding the Securities and Exchange Commission's (SEC) lawsuit against Ripple ( CRYPTOCAP:XRP ). With the price plummeting to a two-week low of $0.56, investors are bracing for further volatility ahead of the next key deadline in the legal battle on April 22. As Ripple prepares to present its response to the SEC's remedies-related brief, the fate of XRP hangs in the balance, prompting traders to reassess their positions in anticipation of the impending developments. The Ripple Effect: The recent downturn in XRP's value has sent shockwaves through the market, with traders collectively suffering losses amounting to $25.67 million since Tuesday. This stark decline underscores the prevailing uncertainty surrounding the outcome of the SEC lawsuit and its implications for Ripple and the broader cryptocurrency landscape. As traders grapple with mounting losses, the Network Realized Profit/Loss chart on Santiment reveals a sign of capitulation, further exacerbating market sentiment and fueling speculation about XRP's future trajectory. Navigating Uncertain Waters: Against the backdrop of legal turmoil, CRYPTOCAP:XRP holders are closely monitoring the upcoming deadline in the Ripple lawsuit, particularly Ripple's expected opposition to the SEC's remedies-related brief on April 22. The outcome of this legal skirmish is poised to shape the narrative surrounding CRYPTOCAP:XRP and determine its near-term price action. Technical Outlook CRYPTOCAP:XRP holders are closely monitoring the next key deadline in the Ripple lawsuit, particularly regarding Ripple's expected opposition to the SEC's remedies-related brief on April 22. Technically XRP's price may potentially experience a liquidity sweep at $0.56 before beginning its recovery. CRYPTOCAP:XRP has been able to sustain itself above the two key support levels for almost a month. If CRYPTOCAP:XRP price collects liquidity at the $0.5673 support, the altcoin is likely to bounce back and fill the Fair Value Gap formed between $0.6030 and $0.6103 and another one between the $0.6185 and $0.6204 levels.
Short
by DEXWireNews
XRP Price Hits New 2024 PeakThe CRYPTOCAP:XRP cryptocurrency has once again captured the spotlight as its price soared to a new year-to-date high of $0.7440 on Monday, marking a significant milestone in its 2024 journey. However, this surge is not merely a result of market dynamics but is intricately tied to legal battles and technical indicators shaping the future trajectory of Ripple's native token. Legal Turmoil and Market Impact: The recent surge in XRP's price coincides with mounting anticipation surrounding key legal developments, notably the ongoing Securities and Exchange Commission (SEC) lawsuit against Ripple. Ripple ( CRYPTOCAP:XRP ), the payment giant behind CRYPTOCAP:XRP , faces allegations of conducting an unregistered securities offering. The looming deadline for the opening brief in this lawsuit has spurred speculation and heightened volatility in CRYPTOCAP:XRP 's price. Coinbase's Intervention and Regulatory Uncertainties: Coinbase, a leading cryptocurrency exchange, has thrown a wrench into the regulatory landscape by filing a motion against the SEC, highlighting the regulator's inconsistent stance on digital assets. This intervention underscores the broader regulatory uncertainties plaguing the cryptocurrency market, as stakeholders grapple with shifting regulatory frameworks and enforcement actions. Technical Analysis and Market Sentiment: Beyond legal intricacies, technical indicators provide further insights into XRP's price movements. The cryptocurrency's uptrend is reinforced by robust technical momentum, as evidenced by the Moving Average Convergence/Divergence (MACD) and Awesome Oscillator (AO) indicators. Positive momentum and bullish signals suggest continued upside potential for CRYPTOCAP:XRP , with the November 2023 high of $0.7500 emerging as a key target. Challenges and Potential Corrections: Despite its upward trajectory, CRYPTOCAP:XRP faces potential challenges, particularly in maintaining support levels amidst market volatility. Corrections to key Fibonacci retracement levels, notably at $0.6886 and $0.6452, pose a critical test for CRYPTOCAP:XRP 's bullish thesis. A failure to hold above these levels could signal a shift in market sentiment and trigger further downside pressure. Conclusion: CRYPTOCAP:XRP 's journey to new highs is a testament to its resilience amidst legal uncertainties and technical complexities. As legal battles unfold and regulatory landscapes evolve, XRP continues to navigate choppy waters with a blend of market speculation and technical prowess. Whether it sustains its upward momentum or succumbs to regulatory pressures remains to be seen, but one thing is certain: the fate of CRYPTOCAP:XRP is intertwined with the broader dynamics of the cryptocurrency market.
Long
by DEXWireNews
2
Ripple's Resilience: Overcoming Legal Battles Ripple Payments, despite ongoing legal battles with the U.S. Securities and Exchange Commission (SEC) and recent hacking allegations, is making a triumphant return to the U.S. market after three years of silence. Head of Product Marketing at Ripple, W. Oliver Segovia, recently announced on LinkedIn that the company is set to introduce a series of product upgrades specifically tailored for the U.S. This bold move comes amidst heightened legal scrutiny and a significant hacking incident that allegedly resulted in a $112.5 million loss in CRYPTOCAP:XRP tokens. Ripple's Strategic Comeback: Ripple's decision to re-enter the U.S. market showcases the company's determination to expand its footprint despite facing obstacles. With 90% of its business thriving internationally, this strategic move underscores Ripple's commitment to overcoming regulatory challenges and winning back the U.S. market. The announcement of product upgrades powered by extensive money transmitter licenses (MTLs) signifies a major milestone for the cryptocurrency firm. Legal Quandary with the SEC: The legal battle between Ripple ( CRYPTOCAP:XRP ) and the SEC has been a protracted and complex saga. While Ripple continues to operate on an international scale, its return to the U.S. market has reignited discussions about the ongoing legal dispute. In a recent development, Ripple submitted a letter to District Magistrate Judge Sarah Netburn, addressing factual inaccuracies in the SEC's response to its motion to compel. The company stressed the importance of a nuanced court ruling and disputed the SEC's claims, adding a layer of complexity to the already convoluted legal proceedings. Hacking Allegations and Ripple's Swift Response: Recent reports of a substantial breach at Ripple ( CRYPTOCAP:XRP ), resulting in a $112.5 million loss in CRYPTOCAP:XRP tokens, sent shockwaves through the crypto community. Ripple CEO Brad Garlinghouse, however, promptly refuted the claims, assuring users that no wallets on the platform were compromised. The affected accounts were later revealed to belong to Chris Larsen, Ripple's co-founder. In a surprising turn of events, Binance took swift action by freezing $4.2 million worth of stolen XRP tokens linked to the exploiter's account, aiding the ongoing investigation. Conclusion: Ripple's ( CRYPTOCAP:XRP ) resilience in the face of legal challenges and hacking incidents paints a compelling narrative of a company determined to overcome adversities. The decision to re-enter the U.S. market with product upgrades demonstrates Ripple's commitment to innovation and customer trust. As the legal battle with the SEC continues, and investigations into the hacking incident unfold, the crypto community eagerly awaits Ripple's next chapter in what has proven to be a rollercoaster journey for one of the industry's prominent players.
Long
by DEXWireNews
2
Gemini's XRP Listing Signals Revival: XRP sojourn Beyond Hurdles The cryptocurrency market has been abuzz with excitement as Gemini, the renowned exchange founded by the Winklevoss brothers, recently announced the listing of new CRYPTOCAP:XRP pairs on its platform. The move comes as a testament to the growing interest in the Ripple-associated ecosystem, showcasing resilience in the face of regulatory challenges that once hindered XRP's presence on major trading platforms. The Regulatory Odyssey: The journey for CRYPTOCAP:XRP has been fraught with regulatory hurdles, most notably the lawsuit from the United States Securities and Exchange Commission (SEC) against Ripple Labs Inc. In 2020, the SEC alleged that Ripple sold XRP as investment contracts, leading to the token's delisting from various platforms. The legal battle created a cloud of uncertainty for XRP, but a pivotal moment arrived in July 2023 when Judge Analisa Torres ruled that the token is not a security, marking a turning point for XRP listings. The Domino Effect of Relisting: Following the positive regulatory development, major exchanges started to revisit their stance on $XRP. Coinbase led the way by relisting the token, citing that trading would resume once liquidity conditions were met. Subsequently, Binance U.S., Kraken, Crypto.com, and now Gemini joined the bandwagon, relisting CRYPTOCAP:XRP and offering various trading pairs, including USD, GBP, EUR, CAD, SGD, HKD, and AUD. Gemini's CRYPTOCAP:XRP Perpetuals Listing: Gemini's recent move to list $XRP/GUSD perpetual contracts signifies a continued trend of CRYPTOCAP:XRP relisting across exchanges. This development allows Gemini users in over 30 countries to leverage the new CRYPTOCAP:XRP pairs for managing risk, generating returns, and gaining directional exposure. The inclusion of CRYPTOCAP:XRP on Gemini's platform adds another layer of legitimacy to the cryptocurrency, opening up new avenues for investors and enthusiasts alike. Market Response and Future Outlook: In the wake of Gemini's announcement, CRYPTOCAP:XRP has experienced a significant price gain, currently trading at $0.52, reflecting a 1.67% increase in the past 24 hours. The market sentiment is optimistic, with expectations of a parabolic price rally set to commence in February. This resurgence in CRYPTOCAP:XRP 's value highlights the potential for continued growth and stability in the Ripple ecosystem, emphasizing the importance of regulatory clarity for the broader cryptocurrency market. Conclusion: Gemini's decision to list new CRYPTOCAP:XRP pairs is a pivotal moment in the ongoing saga of regulatory challenges faced by Ripple and its associated token. The move not only reflects growing confidence in CRYPTOCAP:XRP 's compliance with regulatory standards but also signals a broader acceptance of the cryptocurrency within the industry. As CRYPTOCAP:XRP continues to overcome obstacles, its resurgence on major exchanges points towards a promising future, with investors eagerly anticipating further developments in the coming weeks.
Long
by DEXWireNews
Ripple ($XRP) Could Test Higher Resistance LevelsThe price growth of XRP has been relatively moderate compared to other altcoins. Since October 15, the asset has increased by 35%, yet it hasn't surpassed its annual high of $0.93, indicating potential for further growth. Currently, XRP is approaching a critical resistance zone between $0.646 and $0.654. If buyers manage to break through this area, XRP could test higher resistance levels at $0.66 and $0.68. Successfully establishing above the $0.7 level could provide the necessary boost for the asset's continued growth. XRP is currently trading above its 50-day and 200-day simple moving averages (SMA), indicating a bullish trend. However, a short-term correction might push XRP down to the buyer zones of $0.61-$0.62 and $0.58-$0.60. If Bitcoin's price experiences a significant downturn, these support levels might be quickly surpassed.
Long
by DEXWireNews
3
Cardano Founder and XRP Community Are at Each Other’s ThroatsThe truce between Cardano founder Charles Hoskinson and the XRP community is broken with conspiracy theory allegations. The truce between Cardano founder, Charles Hoskinson and members of the XRP Community is currently being threatened following the recent spat on X over the role of Ethereum’s core developer Joseph Lubin in the regulatory crackdown on Ripple Labs Inc. by the United States Securities and Exchange Commission (SEC). Cardano Founder and XRP Community Truce Broken The root of the current spat stems from a recent interview granted by Hoskinson in which he tasked leaders in the community to stop spreading “conspiracy” theories over the alleged bribery of SEC officials to go after XRP through Ripple Labs while giving Ethereum and Bitcoin a free pass. XRP Community member Mr Huber (@Leerzeit) called out Hoskinson for painting the community in a way that makes them look ridiculous and embarrassing to the public. Hr Huber said the Cardano Founder has done this over the past 2 years despite his offering of peace. Responding, Hoskinson maintained his position saying that irrespective of the social volume of posts shared on this matter, it does not negate the fact that there is no evidence to substantiate the claims that Joseph Lubin, ConsenSys founder sold out XRP as the community claims. Charles Hoskinson said while waiting for evidence from the XRP community, he will maintain his position that the claims Ethereum was favored at the expense of XRP remain untrue. Conflict of Interest at the SEC? Connecting the odds between XRP, Ethereum, and the SEC relationship at the time the SEC lawsuit was filed is a strong debate in the crypto ecosystem today, with many pro-crypto lawyers sharing their takes on the matter. The conflict of interest that John Deaton has pointed out now stems from the relationship between Jay Clayton’s law firm Sullivan & Cromwell and ConsenSys, whose fortune rests entirely on Ethereum. With Jay Clayton stepping away from his role at the SEC days after the historic Ripple Lawsuit was filed to join One River Asset Management, a firm with deep stakes in Bitcoin (BTC) also lends credence to the assumption that the crackdown on XRP at the time had more to do than just matters of the law. Ironically, Cardano (ADA) has also been marked by the SEC as an investment contract, a positive that places Charles Hoskinson in the same position that Brad Garlinghouse was back in December 2020.
Long
by DEXWireNews
Another Whale Dumps 46 Mln XRP, Price to Tumble Below $0.60The XRP cryptocurrency once again caught the eyes of crypto market enthusiasts as the token noted a substantial increase in whale activity as of today, November 30. As per on-chain data, a whale was noted transferring over 46 million XRP to centralized exchanges in a series of transactions. The increase in whale activity comes amid the price plunge witnessed by the XRP token. Whale Transactions: Report Whale Alert, a platform offering blockchain-tracking insights, recently unveiled the data showcasing the whale transfers. As per the data, two whale transactions attracted massive attention within the broader crypto market. The first transaction was done by an unknown wallet, 4wf7enWPx…5XgwHh4Rzn, transferring 25.10 million XRP to a centralized exchange, Bitstamp. The amount of tokens transferred to Bitstamp totaled a whopping $15.29 million. Additionally, the second transaction that caught the eyes of investors and traders within the industry transferred 18.50 million XRP to another exchange, Bitso. Reportedly, the same unknown wallet mentioned above was noted transferring XRP to Bitso, a Mexico City-headquartered digital asset exchange. Following the dumping of XRP to exchanges, the token’s price also noted a slight fall. The price plunge witnessed by XRP appears to fall in line with the recent dumping of XRP to CEXs. XRP Price Plunges At the time of writing, the XRP price witnessed a marginal fall of 0.51% in the past 24 hours, evaluating $0.6053. Furthermore, the token also noted a slight decrease of 1.06% over the past week, along with a 4.28% monthly downswing. Moreover, one of the leading crypto analysts within the industry, Dark Defender, stated that the community expected the XRP to complete Wave 1, hitting the $0.66 mark on November 24. Subsequently, Wave 1 reached the $0.64 mark on November 26. Furthermore, the Ripple community expected a retrace after Wave 1 and got retraced to $0.6, as per the recent remarks made by the crypto analyst. Based on the actual structure, $0.64, CRYPTOCAP:XRP is expected to target the $0.75 mark, along with the $0.83 mark in the short run.
Long
by DEXWireNews
Whale Dumps Over 25 Mln XRP Amid A Price Slump XRP Price: The XRP cryptocurrency gains significant traction within crypto markets as it recently witnessed an increase in whale activity. XRP, a Ripple Labs-backed cryptocurrency, is once again creating a buzz within the world of cryptocurrencies as it witnessed significant whale activity as of today, November 27. According to recent market data orbiting around the Ripple-backed cryptocurrency, an XRP whale transferred colossal amounts of XRP to a centralized exchange. Furthermore, the same whale has been observed transferring millions of XRP to CEXs in a series of transactions over the past few days. Subsequently, the XRP price also witnessed a marginal plunge over the past day as of writing. XRP Whale Activity Report For Today As per the data provided by Whale Alert, a blockchain tracking platform, an unknown wallet, 4wf7enWPx…5XgwHh4Rzn, transferred 25.5 million XRP to Bitstamp, a Luxembourg City-based digital asset exchange today. The amount of tokens transferred to Bitstamp totaled $15.72 million at the time of writing. As reported by CoinGape media earlier, the same whale has amassed substantial attention within the cryptocurrency realm as it transferred millions of XRP to exchanges over the past few days. Furthermore, the dumping of massive amounts of XRP to Bitstamp appears to come concurrent with the recent price fall witnessed by the token. The dumping of tokens to exchanges usually portrays a possible increase in supply, resulting in reduced demand for the cryptocurrency. XRP Price Evaluation At the time of writing, the XRP price witnessed a marginal downfall of 1.89% over the past twenty-four hours, reaching $0.6093. Moreover, the token witnessed a 1.69% decrease over the past seven days. However, the twenty-four-hour trading volume saw a notable increase of 128.08%, evaluating $1.30 billion. The mentioned decline in price appears to coincide with a notable increase in whale activity, as substantial amounts of XRP are being dumped onto exchanges. Furthermore, in recent news revolving around the cryptocurrency backed by Ripple Labs, Brad Garlinghouse, the CEO of Ripple, shared his insights in a social media post in response to the comments made by former U.S. Securities and Exchange Commission Chair Jay Clayton about cryptocurrency regulation. Garlinghouse’s reaction was prompted by Clayton’s recent supportive remarks toward cryptocurrency entrepreneurs during a Council on Foreign Relations event.
by DEXWireNews
"RIPPLE SEC LAWSUIT" LONG XRP 2021 Providing very basic technical analysis of XRP/USD Ripple's native cryptocurrency, XRP, is one of the most attractive assets to look at for long term and/or short term investing. Short term, there are many opportunities involving XRP, however if you are trading cryptocurrencies you should always expect extreme volatility at any moment. None of anything I say or write is investment advice, I am only a stranger you do not know on the internet discussing an asset that I have been extremely passionate about for the past 5+ years. That being said, On this Weekly Chart we can see that the .702 Fib. level has been wicked down to, there is about 9 hours left to this Weeks close, on the lower time frames this area has been respected as support. Both the .382 and .702 areas on my fibs are colored different than the rest of my fib levels. That is because these are areas of extreme significance to me personally. I always am on the look out to see what price will do at these levels. On the week of the 13th of August 2018 there is a wick which begins a trendline that also wicks on the 17th of June 2019, this extends all the way through to where we are currently at today. Waiting for this Weekly close. All moving averages are bullish, confirming uptrends, the adx and di for crypto is also confirming uptrend. The higher high on the weekly has been created, we are now looking for a higher low to continue the trend upwards. The prices around that trend line, which begins in 2018, is now being tested on lower time frames.. So currently there is a lot of exciting action in the markets, the news on top of all of this is even more exciting! (and bullish) The goal for this post is to monitor XRP long term, I will be posting more information about NEWS, and any exciting updates on XRP here as well.
BITFINEX:XRPUSDLong
by TAEDU