Tea anyone?Whether the glass is half empty or half full is in the eye of the beholder, but nobody can deny the fact that it's a cup.
Hold on tight!
J-xrp
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.
XRP Price TargetIf you haven`t bought the dip on XRP here:
Then you need to know that Binance, along with its CEO 'CZ,' has confessed to federal charges and committed to settling fines amounting to $4.3 billion.
The crypto exchange “admits it engaged in anti-money laundering, unlicensed money transmitting and sanctions violations"!
The question arises: from where will these substantial funds be derived?
One possible source is Binance's Proof-Of-Reserves, which reportedly exceeds 100%.
Among the tokens impacted is XRP.
I've set a short-term price target for XRP at $0.53.
Looking forward to read your opinion about it!
BTCUSDT - 4H Falling leg in the TRBitcoin is currently oscillating within a trading range of $35,500 to $38,000. However, it's currently experiencing a decline after a breakout and triggering stop losses. In my opinion, BTCUSDT is likely to fall to at least the bottom of the trading range.
XRP: Pullback in UptrendRipple (XRP) technical analysis:
Trade setup : Bullish breakout from Ascending Triangle pattern and above 200-day moving average signaled resumption of an Uptrend. Price spiked up as high as $0.73 but got very overbought (RSI > 85!) and pulled back on some profit taking. This pullback near $0.55 support and 200-day MA could be a swing entry opportunity in an Uptrend with upside to $0.92. That’s the peak from July’s runup.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $0.55 (previous resistance), then $0.45. The nearest Resistance Zone is $0.68, then $0.92.
BITCOIN OVERVIEW📉We're currently seeing an overextended Wave V, which is trapping early sellers & later buyers. What convinces me that we're at the top, or getting close to it is the choppy price action & consolidation phase we're currently witnessing. Is BTC ready to drop now, or will we see 1 last push up to liquidate all new buy & sell positions?
Looking at 2 possible scenario's👇🏽
1. For Wave 5 (Wave V) to SLOWLY keep pushing buyers upwards until $39,200 - $41,800. This final exhaustion push will bring sellers back into the market.
2. If current price is the Wave 5 top, waiting for a break below $35,000. This structure break will confirm the downtrend📉
XRP price increase will shock people in the coming months!Less than 1/2500th of 1% of the global population is aware of what is about to happen to the global economic system. The new digital system is virtually unknown by the vast majority of people on earth, and very few of those 'in the know' are even aware of just how incredible the next 7 to 10 years are going to be for the right digital assets.
XRP will be the king of the digital-asset-space bar none! And even many people who hold XRP now will be picking their jaws up off of the floor when they see what is about to happen to the price in the short, and long term!
XRP holders - hold on tight!
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.
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 possible start from this weekly chart to growing more usdThis chart analysis for my save & analysis for future tacking.
My opinion xrp already to growing more usd to bring up market to wave C ,
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.
Binance $4.3 Billion Lawsuit!Binance CEO Chanpeng Zhao has been forced to resign today for not carefully implementing anti-money laundering regulations.
They have also been ordered to pay $4.3 billion in fines to the DOJ (Department of Justice), after months of investigation.
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.
TRADE IN RENGE XRP📈As long as we witness a trend of rising excitement and deeper lows, we should expect the onset of a period of volatility or a short-term decline.
🔗 For more communication with us, send a message in TradingView.
#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's next price movementNo rocket science. Its a simple set up. Entries either way upon consolidation breakout.
Will be setting limit buys and sells on both yellow markers.
Feel free to follow! #NFA
