Ripple Aims for Dominance in $300 Trillion Cross-Border PaymentsRipple's XRP-powered solutions are set to revolutionize cross-border payments by 2030, offering efficiency and transparency.
Ripple is making significant strides in the cross-border payment sector, with its XRP-powered solutions aiming to transform the colossal $300 trillion market by 2030. Pegah Soltani, Ripple’s Head of Payments Product, spearheads this ambitious initiative, focusing on leveraging blockchain technology and the XRP digital asset to revolutionize international financial transactions.
Revolutionizing International Transactions
Ripple’s strategy involves simplifying the complex global payment network. The company aims to introduce more efficient, cost-effective, and transparent cross-border transfer methods. This approach aligns with market predictions, indicating a potential surge in the value of Ripple’s XRP. Analysts forecast an increase of up to 5,000%, possibly driving its price over $25.
Ripple’s Transaction Mechanisms
A key component of Ripple’s strategy is the XRP-Xahau Burn2Mint (B2M) feature. This innovative mechanism enables the conversion of XRP tokens into XAH, Xahau’s native token. This process enhances transaction security and integrates seamlessly with decentralized networks, thus bolstering the XRPL ecosystem’s functionality and security.
Enhancing Cross-Border Payment Efficiency
Ripple aims to address perennial issues in the cross-border payment arena, such as slow transaction speeds, high fees, and frequent processing errors. By utilizing Ripple Payments service and the efficiency of XRP, the company aspires to transform the way international funds are transferred. This approach promises faster, more affordable, and transparent international transactions.
Moreover, the advancements could significantly challenge traditional systems like SWIFT, suggesting a shift towards a more accessible and efficient global financial system. Consequently, Ripple’s journey in the financial sector warrants close attention since it could redefine international finance mechanisms.
I-XRP
XRP has Broken Out of Descending Channel |👀🚀 What 's Next?💎 Paradisers, prepare for a captivating trading prospect with XRPUSDT. The asset is currently exhibiting significant activity within the demand zone, indicating a potential shift towards an upward trend.
💎 Ripple has been meticulously following a descending channel. It has previously broken above this channel, and we anticipate a move towards a resistance level, followed by a quick pullback, consistent with its typical channel behavior.
💎 There's a strong likelihood of a bullish movement initiating from the support level around $0.5742. With XRP having effectively broken out of the trading channel upwards, a resistance target near $0.9500 is within sights.
💎 Timing is crucial for astute Paradisers. Identifying the most favorable entry points during this upward trend is key. It's advisable to be cautious and avoid buying at the peak of the movement.
💎 Stay alert, as there's a possibility of XRP falling below the support level of $0.471. A drop beneath this crucial point might cast doubts on the sustainability of the upward trend.
XRP broke out of a descending wedge pattern on the daily chartFor the past two weeks, BINANCE:XRPUSDT has been in a descending channel. Price just broke out of this channel, making higher highs for the first time in a while. If this maintains, we could see a retrace back up to $0.73.
Are you bullish on XRP? Now is a good time to load up your bags!
#XRP : Targeting 1$ in the Near Future. Expecting at least 35%.XRP have been in a good position and a healthy market phase compared to the overall crypto market. For now we can witness that a beautiful cup & handle pattern already formed and is finishing its current phase preparing for a breakout. If things keep the same as it is, there will be a high probability to see Ripple making some good North side moves.
Besides the formation of the pattern: -- We can witness a bullish divergence with the RSI and MACD.
- Stochastic showing an oversold behavior and seems sellers are being knocked out as we speak.
- MACD and RSI are still showing an uptrend momentum and that there is a space for growth in the near future.
- The handle on the 1D chart is already forming a bullish falling wedge on lower time frames and a break out will confluence the 1D chart.
- Ichimoku Cloud is providing a good support at current price level.
- Next strong resistance area will be in between $0.71 - $0.73 and these areas will be much more interesting to follow.
- If the neckline can be broken at any point of time we sure can wait for a successful retest and that will be our entry for a confirmed move towards the $1 price tag.
- Will be updating about the fundamentals soon too and a closer watch to this formation for sure will repay the patience.
- Stop loss will be considered to be at the price level where a failure of the retest occur. By this depeding on ones trading strategy putting the stop anywhere below the neckline will be a wise move.
Keep spreading the knowledge and +ve energy. Let you be peace in every single steps of your life. Stay tuned for more.
@ cryptotalket
XRP: Everybody is looking at the same structure, be open minded!Everybody is looking at the same structure, which looks like a textbook breakout from a descending triangle. I would place buy orders if we break 0.625, looking for continuation. There is also a possibility that price will be back in the triangle, in that case, I would place sell orders at 0.58 with target 0.54.
XRP - Get Ready - Know The Moves Before The News...To gain extensive knowledge about future market movements, establish a solid framework for comprehending market trends (excluding Elliott Wave theory). Learn from each mistake without fixating on it excessively. Take your time, as achieving this mastery is pivotal for navigating the intricacies of wave tracking. Avoid assuming you've mastered the field; instead, focus on mastering your mind and overcoming biases that hinder your market perspective. Through my personal journey, I found that detaching from emotions transformed my perception of the markets. Treat market dynamics as a mechanical, predictable process with distinct variables—similar to understanding an engine without emotional attachment. Anticipate more intriguing insights from this channel, offering the potential to revolutionize your future trading capabilities.
BITCOIN SHORT TO $33,260📉Market structure offering a possible short opportunity for BTC. High risk trade as market could still move higher. Use low risk.
⭕️5 Bullish Wave Complete.
⭕️LQ Sitting At Wave 4.
⭕️Overbought Market Conditions, Based On SEC ETF Rumours.
⭕️Binance Lawsuit Worrying Markets.
⭕️Break of Structure On 1H TF.
#XRP - Target $1.50 for first part of major breakoutThe longterm chart of XRP is extremely bullish
I think there is a good chance we have a bull flag about to break, that will target the high form last July
This level is our High 3 in a massive #HVF pattern
and the key trigger to take us to Major Target 1 of $1.50 (log target)
FLOW ADAM AND EVE PATTERN: TIME FOR AN UPTRENDIn this logarithmic chart, BINANCE:FLOWUSDT is forming an Adam and Eve pattern in which the price movement creates two bottoms, one indication of reversal for the coin's current downtrend. Will it happen in the next days or may not? To answer that, I'll provide continuous technical analysis for you in this idea thread below. Always PLAN your trades, secure positions and happy trading!
The key is whether it can receive support at 0.6070 and riseHello traders!
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(XRPUSDT chart)
(1M charts)
If the price remains above 0.47, it is expected to continue its upward trend.
Since the volume profile section is formed around 1.0409, when the rise begins,
1st: 1.1248-1.3083
2nd: 1.9023
It is expected to rise to around the 1st and 2nd levels above.
Accordingly, the area around 1.0409 corresponds to an important support and resistance area.
(1W chart)
The HA-High indicator fell and broke out of the previous box, a major resistance zone in the 0.65-1.7050 range.
Accordingly, the key is whether it can rise from the current box range of 0.4226-0.6369 and rise above 0.7046.
(1D chart)
The key is whether it can receive support around 0.6070 and rise to the box range of 0.6808-0.7799.
If not, you should check for support around 0.5416-0.5690.
If support is confirmed around 0.5416-0.5690, it is expected to form a pull back pattern and rise.
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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XRPUSD Weekly chart suggests a triangle breakout is nearingWe can see here how the bottom trendline of this brown symmetrical triangle has held support since early 2020 and will likely continue to do so. We can also see that we are on the verge of a weekly golden cross with the weekly 50ma (in orange) looking like it will cross above the weekly 200ma(in blue) shortly after the next bullish impulse in price action. Those MAs are currently serving as support for current price action and could easily maintain that support. If so then the place I arbitrarily put the dotted breakout measured move line is likely to be close to where the actual breakout occurs in which case the price target should be similar to what you see here. There is also a chance that we are given some sort of Black Friday or holiday discount, in which case price action dips below the weekly MAs momentarily….if so I personally think a retest of the bottom trendline of the brown triangle will be an optimal place for me to buy such a dip if I’m lucky enough for price action to retest it. If that were to happen the spot where the breakout eventually happens will have to be changed but it shouldn’t effect the price target too dramatically. Of course as always this is not financial advice and simply my strategy for my own holdings. Thanks for reading. Excited to see how this one pans out.
XRP - Impulse - Correction - Impulse ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 According to my latest analysis (attached on the chart), we expected XRP to reject the 0.7345 zone.
This week, XRP entered a correction phase, and it is currently approaching the support zone.
🏹 For the bulls to regain control and initiate the next impulse movement, we need a break above the red channel and the last major high.
Meanwhile, XRP would be bearish, trading inside the falling red channel, and could still move lower to test the 0.55 support.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
⚡️ XRP TECHNICAL ANALYSIS ⚡️⚡️ Hey! Hope you all have been well and blessed as usual, been busy as usual juggling a lot but no complaints, grateful for everything and life, giving the best one must! This idea won't be too long so thanks for stopping by ladies and gentlemen.
⚡️ Quite a bit has happened undoubtedly and we did in fact get a correction following the rally we'd had going up and hitting a peak of 0.73 cents on the 6th of November being 10 days ago from where we stand today.
⚡️ That being said I'm sure most of you already know about the XRP and false ETF filing story that tricked many resulting in XRP's price promptly shooting up to 0.71 with that candle even extending up to 0.73-4 cents before XRP handed back the percentage once it was revealed that the news wasn't real. Below is a link to the reference article which goes into detail more on the matter.
www.coindesk.com
⚡️ Anyway I've added some lines to represent those channels of which we had those ascending and now our descending channel a detailed further below by our 3 minute chart on the local.
⚡️ 0.60 is our current point of watch as we've already had a previous test down here as we can see from the previous fall already so I've set my alert for 0.60 and 0.58 to keep an eye on things and whether or not we'll find support or continue to retrace.
⚡️ That's it for today's idea, wanted to keep it short but thanks for stopping by, appreciate you guys as always and your support through everything. Really means a lot and I know that one day all this will be well worth. Thanks and blessings.
~ Rock '
BITCOIN OVERVIEW📉We saw a strong sell off again on BTC today, after a short squeeze yesterday by buyers. Market failed to take out this weeks high & closed back below our grey zone. Looking at 2 possible scenario's👇🏽
1. Retest of out grey supply zone. Will look to take another short, if smaller TF offers selling confluences.
2. Yesterday's sell off could of been the Wave 4 low. Now making its final move up towards $39,000 - $41,000📈
XRP Bull trap, ALTS PullbackHi Traders, Investors and Speculators of Charts📈📉
A bull trap is "false" signal that shows a bearish trend (such as the lower highs in XRP) has reversed and is now heading upwards, when in fact, it will continue to decline. Often a large wick towards the upside is observed, shaking out traders favoring the obvious move (shorting).
It's important to note that for the first time, the TOTAL3 chart is about to close a red candle ALONG with Bitcoin Dominance:
This indicates that the entire crypto environment is being drained of liquidity, and corrections will follow.
Again, I wish there were more options... I'm choosing "short" to label my outlook even though I would not trade with leverage on XRP. The bulltrap and the TOTAL3 chart indicates we're heading lower, and so my bias for the short term is testing next immediate support zones.
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
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BINANCE:XRPUSDT CRYPTOCAP:BTC.D CRYPTOCAP:TOTAL3
XRP\XLM - Commentary On The Patterns At Large...Now is the opportune moment to share my insights on the current developments surrounding XRP and XLM, both of which I extensively cover on this channel. In times like these, brevity is key, and I believe it's crucial to address the situation based on the AriasWave methodology, a method that stands head and shoulders above others, even if its significance might not be immediately apparent. As you delve into the intricacies of this wave methodology, you'll come to appreciate why I emphasize its superiority. In the whirlpool of uncertainty, I aim to guide you through a clearer understanding, steering away from personal assumptions and relying on the AriasWave methodology instead. It's a perspective shift from my past experiences, where now I provide explanations rooted in a more reliable manner.
XRP - Top Gainer, HEAVILY OverboughtHi Traders, Investors and Speculators of Charts📈📉
As promised, a short term update on XRP.
It's important to remember, the price action we're seeing on most altcoins right now is due to rotations between BTC and alts. More info on this topic here:
XRP is notorious for making untimely, parabolic increases and falling just as hard shortly after. XRP can trade with an extremely overbought RSI for days and usually defies natural technical indicator logic (such as a pullback after hitting 100 on RSI), therefore trade with extreme caution.
I'm labelling this idea as 'long" although I wish there were other options to choose from. Perhaps bullish or bearish, short - near or long term etc.
Understand that I do not mean to indicate LONG XRP. I am quite against trading leverage on risky coins, but considering those are my options - I do see the price going up, that is just what happens in bull markets so ...long.
The path to $1 is clear, but first I expect another rotation back into BTC.
I have my targets set to make sure I catch those untimely wicks.
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BINANCE:XRPUSDT