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.
Ripleusd
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.
XRPUSDT 1D XRP buy zone for medium-term trade is already closeFor more than a year, Ripple price has been falling in a downtrend channel.
Currently, the XRP price is at the bottom of the channel and is trying to form a reversal pattern.
If in the coming days, the buyers do not allow the Xrpusdt price to fix below $0.30, it will be a good signal that the bottom has been found. And when aggressive purchases appear, as soon as the price will be approaching this level, increased trades volumes - it will be an excellent signal to switch to the side of stronger buyers. Well, then it will be possible to start working out the blue scenario
If the situation on the market allows sellers to fix the price of Xrpusd below $0.30, then the way will be opened for the continuation of the fall, at least by -20%. In this case, the liquid level from which it is worth looking at purchases again will be around $0.25
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Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
XRP - what to do next❓🤔There is a lot of uncertainty in the market at the moment. No one can understand what is going on. Has a bear market started or are we still in a bull market? After altcoins have fallen by more than 10% it is dangerous to open any short positions. But that does not mean that the market cannot continue to fall. It is very likely that there will be a pullback or the price will be in a local range. There is an important level and zone of great value on the chart, if Ripple comes to them, it will be a good buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Ripple is going to come in this area!😯XRP has not shown strong moves for a few days and is now trading along its trend line, slowly approaching the local top.
If the price trades near the local top, breaks it, and tests it as support, it could be a good entry point with targets higher!
Write in the comments all your questions and instrument analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
XRP To The Ground Again - Target 20 centsXRP To The Ground Again - Target 20 cents
Base on fibo, XRP already hit 1st target at 36 cents, next fibo level will be at 20 cents.
Can we buy at 20 cents? We will wait for the price action at that level. Let's wait & see.
How I can analyze the price of XRP perfectly?
Watch the video here
pennycryptos.net
XRPUSDT, long agter big solds. Target 0.295 and upper.Hi friends lets go up on XRPUSDT chart window. Modified "Earned" script show too big volume of solds now. Picture like that: people start to purchase and ofcourse they was right but exchange sold them big volume of XRP price go down people close they positions and exchange bought this xrp. So first bulls target is 0.295.
Follow me.
Levels thanks to X-Lines script.
XRP 1W History of news and trading, ups and downs 2016-2020Here is the XRPUSDT chart with the longest trading history on the tradingview.
While remembering and describing the history of Ripple, a great nostalgia hit the soul. How diverse have been the last 4 years of cryptocurrency trading.
Most started talking about XRP in the spring of 2017, during the first stage of the cryptocurrency hype in 2017. Then BTC was still growing weakly in dollar terms from 1000 to 3000, little attention was paid to it. But altcoins paired with BTC and ISO projects were our all to multiply the deposit.
XRPBTC made x57 for the quarter of 2017 , and if with minimum leverage, then earnings reached eye-watering values.
In a bull market, everyone immediately became a profi-trader, buy and hold, what's the big deal?)
The main news that pushed up or fell the XRP price throughout the trading history, we fixed on the chart.
By the end of 2017 and early 2018, XRP began to actively grow in the pair against the dollar, along with the parabolic growth of bitcoin. Then XRP enthusiasts were confidently waiting for Ripple per $10 . Arguments that this will not happen, only because if you multiply $10 by the Ripple issue, then the expected capitalization of XRP alone should be $1 trillion. It would double the total cryptocurrency market capitalization at its peak two times.
And of course, it didn't happen.
All the hype news that called the XRP price up were not implemented.
In September 2018, PNC Bank successfully completed the pilot phase of testing the xCurrent system and even provided services to several clients with its help. The news was distorted as best they could. They wrote that xCurrent is a smooth transition to the second solution of Ripple - xRapid.
But as you understand or remember, a miracle did not happen... the cost of Ripple was gradually but surely falling.
In March 2020, the value of XRPUSDT fell to $0.105 hitting the mirror Fib level, which was previously by squeeze tested for strength in 2016.
Then XRP grew for 9 months along with the crypto market, the value increased by 700% from the bottom, and the last impulse was fueled by the promised Spark airdrop.
But as we warned in our XRPUSDT idea series: "Don't get fooled." When someone promises a freebie, it means he earns many times more on it.
The increased volume of "easy money" purchases gave a great chance to sell off to large XRP holders who knew for sure that clouds were gathering over Ripple.
Because, literally in 2 weeks, the SEC filed a lawsuit against Ripple , and its value began to fall like a stone to the bottom.
Most of the trading and information crypto platforms have started to refuse support for Ripple.
In the XRPBTC pair, -40% remains to fall to the historical bottom.
If Bitcoin remains +/- at the current price level, then the value of XRPUSD may fall to $0.146 or even to $0.10.
And if this happens, then a global figure of H&S can be formed.
If this happens, and Bitcoin starts a correction or much worse a sharp fall down, then it's scary to even imagine what will happen to the XRP price.
Because the historical liquidity in the XRPUSDT trading pair is seen in the zone $0.025-0.040 and very low in the zone $0.006-0.008.
We hope that such pessimistic forecasts will not come to fulfillment.
And the negative news background around Ripple is created so that the "big guys" can successfully buy XRPUSD at $0.10-0.146.
_______________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
Waiting 0.1600$ BUY FOR Next BULL RUN (1st Target 0.50$)Market under uncertainty at the moment because of coronavirus, Not any currency, forex, crypto, CFD, GOLD , a STOCK safe-haven asset, everything under sell-off, but central banks once again fail to hold financial crisis, within 2 weeks all central bank starts buying BIG QE and cut rates, this is clear message to investor Bank can not hold any pressure 2008/2009 investor don't have any choice to investor somewhere or alternative of the stock market but 2020 to 2021 ( next 2-3 year Mostly bank could start digital currency and will accept the crypto market as officially.
1-More positive things expecting the next 1-2 years in the crypto market.
2-once this virus uncertainty end, Btc WILL go 20k jump before stock DJI hit 30000$ back.
3- XRP could drive big pump upside towards 1$ above.
Support/Resistance SHORT TERM
S1 =0.1500
S2 =0.1320
S3 = 0.1000
R1 0.2000
R2 =0.2500
R3 0.3200
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XRPUSD double top ?XRPUSD rejection from double top at 0.3035. Potential rejection target: 0.2875. Price action above EMA 21,50,100,200 strong uptrend.
Consolidation bellow resistance bullish pattern. Still Hold above green support trend line. Potential upward target after consolidation double top area at 0.3273$.
Volume: Confirm bullish price action.
Indicators: MACD bullish crossover above zero line. RSI above 50 points. Bullish sign.
Pattern: Double Top ( 0.3046 and 0.3035$).
S/R: Support 0.2875, Major Support 0.2700, Resistance 0.3050, Major Resistance 0.3273.
Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.
XRP's Pyramids [Potential Profits]Last chart was 100% accurate and we saw 911 as a key date to buy and get profit with XRP Ripple.
What I'm trying to show and explain, through my charts and ideas, is the fact that the entire world arround us is a system based on numbers, where we see some financial cycles which rotate arround key dates. These key dates are based on a hidden knowledege.
In this particular chart, I want to say XRP flows through geometrical patterns, in this case triangles (aka pyramids) which are connected "arround key dates". These "arround key dates" are best times to invest and get profit.
This chart was created in January 2018, eight months later it was 100 % accurate, enough reason for me to decide to share it on Sep/18/2018.
Key Date ****=**** Hidden Knowledge
- 322 **** Gen 3:22 King James Bible "man is BECOME as God" **** 322 is a secret society **** more about 322 at synchromystic.fandom.com
- 1217 **** December 17 is no more than the begining of Saturnalia, The ancient Roman festival of Saturn in December
- 914 **** It refers to 911, remember I said "arround key dates". when I drew a line on 914 I could understand the key date was 911.
- 911 **** Saturn. Blow your head with www.thebabylonmatrix.com
- 611 **** used as 911, but I expect a new cycle on 611 yes off course, so I Could buy before this key date, I'll wait til those days.
- 616 **** used as 666. 666 came from saturn.
- 308 **** It refers to 303=33, remember I said "arround key dates". when I drew a line on 308 I could understand the key date was 303=33. I'm tired of typing, please go and search, 33 has a lot of hidden.
As I said in previous posts: No, this is not coincidence, please do your own research before bulling me. Just let the time told us like until now. This post is written in order to raise awareness about numbers or numerology behind everything about us. It is not about religion or something to do with it. Consider to add gematria and/or esoteric knowledege to your fundamental analysis .
This is not financial advise.
Do what ever you want.
Peace and Love.
PD:
- Let me read your thoughts and consider to read my other posts.
- Please excuse me by my english, I hope to be clear.
XRP. I expect the continuation of the fall to 0.28-0.3 $After a sharp fall from November 18, sellers were able to bid $ 0.33. The price has not reached my target, which I wrote in one of the ideas . Buyers began an attempt to grow. However, in terms of the nature of growth, it was more like a correction.
At first, the large volume was visible only at the test of 0.33-0.35 $, then the volume declined.
Secondly, during the growth, there were very deep corrections and comparatively low maxima
on the third chart XRPBTC looked not very optimistic about the growth of BTC:
I think you have noticed that while trying to grow BTC other coins, or stayed in place or passively grew. However, with less attempt to drop the BTC, the coin fell badly. In my opinion, there are currently insufficient lobbies in the market to grow everything.
Also, the local high is $ 0.408. At this price, the Fibonacci level is 0.618 from the falling pulse (November 18th).
If to spend on local lov and high channel, it turns out that the critical point for sellers is 0.386-0.39 $. At this point there is both a liquid zone and an upper trend line. And while buyers did not beat this point, I do not consider this coin to grow.
If the correction from the fall is over, then the critical point for buyers is $ 0.33. If sellers try this price, then the following targets are for a fall of 0.306 and 0.28 $. In addition to the analysis of volumes in the price of $ 0.306, the current wave of the fall will be half the incident impulse from November 18th. and at a price of 0.28 $ respectively 61.8%:
So for the start I expect $ 0.33 with an end targetof $ 0.28
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).
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