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XRP price tests $0.50 support as AMM makes comeback on XRPLedgerThe Ripple $(XRP) price has been testing the psychologically significant support level of $0.50 on Friday, despite the recent rally of Bitcoin prices to $70,900 on April 12. CRYPTOCAP:XRP prices have remained unaffected by Bitcoin's recent gains. The possible influence on CRYPTOCAP:XRP prices is the recent Automated Market Maker (AMM) amendment, along with developments in the Securities and Exchange Commission (SEC) lawsuit against Ripple ( CRYPTOCAP:XRP ) and related court cases, such as the Govil and Coinbase lawsuit. On Friday, XRPLedger's 'fixAMMOverflowOffer' amendment went live, and the AMM is back in action on the mainnet, marking a milestone for Ripple's blockchain. Ripple's CLO Stuart Alderoty shared details of a lawsuit in which the Second Circuit rejected the SEC's appeal. The SEC alleges that Aron Govil used his position as a controlling shareholder to cause Cemtrex to engage in a variety of fraudulent conduct. The regulator is seeking disgorgement of misappropriated funds; however, the Second Circuit denied the SEC's appeal. Alderoty considers it the SEC's loss since the Second Circuit refused to reconsider their decision in Govil, which held that if a buyer suffers no financial loss, then the regulator is not entitled to disgorgement from the seller. The SEC is seeking over $2 billion in fines from the payment remittance firm, Ripple, for the institutional sales of XRP made by the payment remittance firm and violation of securities laws. It alleges that Ripple violated securities laws. The Govil decision sheds light on what XRP holders can expect from the SEC's appeal in the Ripple lawsuit. Pro Ripple attorney Bill Morgan commented on the Govil lawsuit and its impact on the Ripple case. Morgan said that no conclusion can be drawn until Ripple's brief and counter-arguments against the SEC's motion are public. Technical analysis shows that the Ripple price ( CRYPTOCAP:XRP ) is trading within a tight range between the February 7th low of $0.5077 and April 9 high of $0.6431. CRYPTOCAP:XRP price is testing the $0.60 support on Friday, which is considered a key psychological level for the altcoin. It acted as support throughout March and April 2024. A successful retest of $0.60 would mean CRYPTOCAP:XRP prices are likely to make their way to the April 9 high of $0.6431. The altcoin faces resistance at $0.6336, a level that it has failed to break in the past two weeks.
by DEXWireNews
XRP WRITE THIS ONE DOWNXRPUSD is looking good here. I was in xrp from .17 and sat on my hands when it hit 2.00 last year. I made the assumption that 'the big move' was months away. I did not anticipate the sideways and down consolidation for another year but my strategy on XRP is.. well. nothing. I accumulate and hold. If it goes to 4 8 15 16 23 42 then that will be great. If it goes to 500..1000, well then that'll be interesting. While this is speculative, I believe XRP is on floor 3 of 1000. But here is where people get hurt. They chase and do not hold. In general, crypto has very, very big elevator runs up in a short period. These moves make a lot of attention and suck many speculators and gamblers in. But the problem comes when we arrive at floor 10 quickly only to retreat to floor 5 over the coming months and even years. If you're not already on the elevator then you will likely get hurt chasing. It takes time, patience, and discipline. I'll share some more ideas below and why I like XRP over Bitcoin.
BITSTAMP:XRPUSD
by gghsusa
6
Bitcoin (BTC/USD)sell Setup!! Probably 16500 Level!!Based On previous cycle we See 30%-20% dump Before a massive Bull Run!! Bitcoin’s evolution toward a store of value is resonating with Wall Street and Main Street, after it hit an all-time high on a few exchanges this past week. We mentioned last month that corporations such as MicroStrategy and Square are adding bitcoin to their balance sheets. And PayPal is enabling millions of Americans to buy, hold, and sell bitcoin in their wallets. The mainstream adoption of bitcoin is showing no signs of slowing. Just this week, Guggenheim Funds, a global investment firm which manages $233 billion, filed an amendment with the Securities and Exchange Commission to allow one of its subsidies to invest in Grayscale Bitcoin Trust ( GBTC ). GBTC is essentially an ETF that tracks the price action of bitcoin . The amendment mentions the Fund will be able to invest up to 10% of the $5 billion of assets under management. It’s another incredibly bullish sign that Wall Street is rewriting its investing theses to make sure they include bitcoin . Expect more stories like this over the coming weeks as more high-profile companies, individuals, and funds embrace bitcoin . Target 1=17300 Target 2=16500
GEMINI:BTCUSDShort
by ShinForex1
3
Why Bitcoin Futures Will be Fuel Ripple’s XRP Price !!! Follow Our official profile here- www.tradingview.com Since the CME made Bitcoin futures available on December 18th 2017 the price of Bitcoin went downhill. On December 17th 2017 the price of Bitcoin made an intraday high of $19,911. The rest is history. Since then we have spent a lot of time reflecting on the question how Bitcoin futures exactly will impact the crypto market, in particular cryptocurrency prices. Ripple’s recent breakout was an eye-opener for us, and we believe we have found the answer, finally, which we discuss in detail in this article. For Free Trading Signal- investingscope.com Bitcoin futures: the start of short-selling Whether there is a direct link between Bitcoin futures and Bitcoin’s price peak is beyond the scope of this article. It may or may not be the case, most likely there is a direct link in our opinion, but, again, not the primary reason we write this article. With the introduction of Bitcoin futures traders could start short-selling. Up until that point only ‘physical’ Bitcoin trading was possible. Any sell off was primarily the reason of profit taking. Vicious sell offs in Bitcoin are nothing new, in the early days they were also aggressive. But the market can be actively traded at two sides now, a totally different dynamic. This is of course a fundamentally important shift, one that has to be considered by crypto investors. So what exactly does this imply, both for Bitcoin’s price as well as other cryptocurrencies? Bitcoin’s upside potential may be capped While we don’t disagree with this writer who compared Bitcoin with gold we also don’t find in that article the answer we are looking for. If we look, for comparison, at gold in the period 2001 to 2011, we see that gold’s price rose almost 10-fold in that time period. That was at a time gold futures trading was possible. Similarly, crude oil crashed 72% in 2014 and 2015, needless to say that the crude market trades with futures. For Free Trading Signal- investingscope.com Is any of this useful to Bitcoin? Not entirely, because the crypto market structure is totally different. Arguably, Bitcoin will go much higher in the years to come, and gold and crude oil show that large price movements are possible with futures trading. But we believe that the 100-fold returns are a thing of the past. Yes, a 10-fold rise in Bitcoin’s price over the long run is certainly still possible, but likely short sellers will provide lots of stopping power on the way up. Institutional money will soon enter the crypto market As explained in great detail in our Ripple price forecast for 2019 we see 3 fundamental catalysts for the XRP token, one of them being institutional investing. Think of the Bakkt platform as well as the Nasdaq offering cryptocurrency investing to institutions. So here is the point: If you were an institution with millions of investment dollars which cryptocurrencies would you choose? Obviously you would apply the ‘low risk high reward’ principle, right? So let’s do the exercise from an institution’s perspective, and create our top 3 cryptocurrencies to invest in, assuming that the 10 largest cryptocurrencies would be available for trading. Bitcoin will likely be a top favorite because, assuming futures will reduce the price volatility (admittedly, it is an assumption). Bitcoin has this appeal of ‘safety’ as a crypto investment. Ethereum: Ethereum has become too large and fundamentally too important to ignore. Ethereum is a straightforward concept, growth is clear and outlook is positive. The fact that there is no ‘company’ backing Ethereum might be a negative from an insitutional investing perspective as well as the dependency on the founder(s). Ripple: It is the only crypto company with so many respected clients. The list of Ripplenet clients is impressive, primarily large international banks. Moreover, Ripple is piloting their xRapid solution for payment service and processing providers with will have a much larger audience. Ripple is the most advanced crypto company, both in terms of company maturity but also technology adoption, which also offers a cryptocurrency. Bitcoin Cash: I personally would start with the question “what exactly is Bitcoin cash trying to accomplish, and which added value is it already delivering?” Unfortunately, the answer is not sufficiently clear, so unlikely that Bitcoin Cash will make it to the shortlist. EOS: While the expansion of EOS is impressive there may be two aspects creating a barrier with Western institutions. First, EOS is very technical in nature, likely too technical for decision makers to understand. Second, there is lots of activity and focus in Asia, and this may come across as a lack of transparency. Stellar Lumens: This is a fast growing crypto startup. The recent acquisition of Chain by Stellar makes this a much more trustworthy cryptocurrency. With this, they have clients like Visa, Citigroup and Nasdaq. As a decision maker to invest institutional money I would be very interested. Litecoin: We lack clarity on the adoption and future growth of Litecoin. The fact that the founder sold its holdings last year would not give me great confidence. “Not convined,” would be my answer. Tether: While the price rise of Tether has truly been spectacular it seems that the added value is harder to explain. The manipulation allegations as explained on Wiki would make me very nervous. While the functional aspect has some value there is also this immediate question “what’s the real differentiator on the long run” which is hard to answer. Cardano: In all honesty I personally (with my extensive technology background) am not able to articulate the real added value of Cardano. I personally doubt that institutions will understand it in a way to be seduced to invest in it. Monero: It has an easy to understand concept. There is an added value in the private aspect of digital money. There is a lack of transparency on adoption though, and we consider this a serious problem for institutional investors. Our conclusion after doing this exercise? For institutional investors the highest level of confidence will probably be for Ripple and its XRP token, followed by Bitcoin, Ethereum and Stellar Lumens. 100-fold returns in the crypto market While short selling is likely going to cap the extreme upside potential in Bitcoin which is now becoming a more mature investing vehicle we believe that capital will continue to seek 100-fold returns. It is simply a characteristic of the crypto market, and it will likely not go away. Rather, the dynamics will change over time. Assuming that crypto retail investors will also mature over time, we believe they will seek real added value when deploying their capital. Moreover, from an institutional perspective, we believe that the shortlist of cryptocurrencies they will invest in is really limited. We believe that Ripple will be on the top of their list. Assuming that all our growth assumptions on Ripple laid out in our Ripple price forecast are accurate, we believe that capital seeking 100-fold returns as well as capital seeking ‘low risk high rewards’ opportunities (institutions) will primarily flow to Ripple’s XRP token. Stated differently, the ‘crypto frenziness’ that we saw in the past will likely continue, though in a different way, certainly more isolated. While Bitcoin saw massive inflow of capital in 2016 and 2017, only to trickle down to larger altcoins and then smaller altcoins, we believe the dynamics are changing. A small number of crypto projects that deliver real value will be the winners, and eventually the winner-takes-it-all will be the dominant trend. In sum, one of the most obvious beneficiaries of Bitcoin’s futures introduction will be Ripple’s XRP token.
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by kabbo12
2
Rejected on a New 1W Lower High, RIPPLE / U.S. DOLLAR XRPUSDXRPUSD broke the previous Channel Down on 1D on fundamental reasons and managed to test 0.79, which is still a Lower High on 1W. Since this price was also inside the 0.681 - 0.786 (0.68967 - 0.81315) Fibonacci retracement zone since the last 0.96716 1W Lower High in April, we expect the price to make an equally quick technical gap fill as the equivalent rise. We have used those levels to short again with TP = 0.27100 (gap fill). Follow our informational profile here- www.tradingview.com
BITFINEX:XRPUSD
by kabbo12
1
BTCUSD - Countdown to SEC ETF Decision (10K Target)Good day, my fellow traders! What I have for you today is a revised version of my ‘Bitcoin Q3 Trading Guide’ quarterly forecast that was originally posted on July 1. In my original forecast, I had placed three targets for Bitcoin to achieve from July 1 until September 30, 2018. The targets were 6800, 8000 and 10000. As of today, Bitcoin has remarkably achieved two of those targets against all odds. The first target of 6800 was reached on July 7, which is six days after my forecast. The second target of 8000 was reached on July 24, just 17 days after achieving the first target. Therefore, the only target that remains is the 10000 mark and Bitcoin has until the end of September to score it. Please note that everything (key levels, timing etc.) in my quarterly chart is pre-calculated based on a variety of trading methods and indicators used. The reason you don’t see them visible is because I have purposely removed them to keep this chart clean and easier to comprehend. What To Expect From Now Until September? In this new revision, I have realigned some of the upcoming breakout points to reflect the latest trend development based on new fundamentals, including SEC’s upcoming ETF decision on September 30. For the next 2-3 weeks, I expect Bitcoin to continue with its sideways consolidation within the range below 6800. During this period, price may revisit some of the major support levels at 6000 and 5700. Should price decline to the 5700-level, a double bottom reversal pattern may be formed with a strong reversal that would lead price up to our TTL level at 6800 and onward to our final target at 10000. If market sentiment continues to grow bearish due to more FUD or lack of positive news, I could foresee Bitcoin going down to the 5300-level to complete the Falling Wedge pattern before forming a sustainable trend reversal. Although I find this probability to be the least likely to happen, we should always be prepared as the market is never short of surprises . Regardless, we should see price slowly moving up to our TTL level at 6800 and breaks out of the triangle around late August or early September. If this happens, I expect Bitcoin to pick up its upside momentum the closer the ETF decision date looms. If everything goes accordingly, Bitcoin should reach our final target of 10000 in the 3rd or 4th week of September. On the other hand, should SEC decides to reject all of the ETF proposals prematurely, then be prepared for price to fall down to the 5000 support level. Keep in mind that this is a long-term forecast that covers up until the end of September 2018. Forecast for the period of October 1 until December 31 will be covered in my Bitcoin Q4 Trading Guide quarterly forecast. Interested parties may send me a direct message for further details on how to pre-order it. Good luck and happy trading! Please LIKE this chart. I would really appreciate it. Buy me coffee or a steak dinner: BCH: qznk2nnuppn0xszpmx0ruvfzlh7z5ux8r527d05k3f
BITFINEX:BTCUSD
by cryptoezvip
11