Ripple & XRPL Labs Joins DeRec Alliance as Founding MembersRipple and XRPL Labs have joined Hedera developer Swirlds Labs and the Algorand Foundation as founding members of the Decentralized Recovery (DeRec) Alliance. The alliance aims to standardize and expedite digital asset recovery in the web3 industry, particularly for crypto non-experts. The DeRec Alliance was founded by Hedera co-founder Leemon Baird to provide an open-source process for expediting digital asset recovery.
Members collaborate on developing a new interoperability recovery standard applicable to a wide range of users, especially those without crypto expertise. The alliance was initially partnered in January this year by the Algorand Foundation and Swirlds Labs. Founding members offer feedback on the alliance's policies and governance structure and hold a two-year seat on the Technical Oversight Committee.
The protocol establishes a standard system of secret management among designated helpers, recovering secrets without sharing information about the secret itself. As mass retail adoption continues, advanced yet user-friendly solutions for key recovery are essential. The DeRec Alliance comes at a critical moment, uniting experts to enhance interoperability and simplify the user experience without compromising security.
Technical Outlook
The SEC vs. Ripple lawsuit has been ongoing, with both parties filing their reply briefs and supporting evidence. The SEC's redacted reply brief to Ripple demanded a $2 billion penalty, while Ripple believes it should amount to a maximum of $10 million. The court is expected to rule on the penalties for Ripple in May. CRYPTOCAP:XRP is currently stuck between the $0.57 and $0.50 range for over one week, with the altcoin facing sticky resistance at $0.53.
Ripple
RIPPLE - Price can exit from pennant and rise to $0.5330Hi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊
Recently price entered to falling channel, where it in a short time declined to support line, breaking $0.5075 level.
But after this, XRP made upward impulse, breaking $0.5075 level, again, and exited from falling channel.
Then price continued to grow inside rising channel until reached $0.5410 level, after which made correction move.
XRP bounced up from support line of rising channel and broke $0.5410 level, after which soon exited from this channel.
Next, price started to decline inside pennant, where it broke $0.5410 level again and declined to almost support line.
Now, I think that Ripple can bounce up from support line to $0.5330, thereby exiting from pennant.
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📉 XRP AND THE FALL TA / IN DEPTH 📉📉 Hey hey, been a couple days since the last idea, wanted to make a quick follow up and take a look at what's going on and happened since our last post. As always thanks for being here and coming by, I really appreciate you guys of course.
📉 In the last idea we pointed out this resistance at that 0.534 level where we had already seen two rejections and we we're looking to see what our chart would do next after falling below that ascending support level that we'd drawn up with the blue lone as shown below, this is the chart. link to the last idea:
📉 I pointed out in the last idea how we had fallen below the ascending channel, this horizontal support which again as shown in blue was helping to push us up in price action. We can see just what kind of battle we had as a result, I've extended the blue line from the last idea with a black line to highlight the before, after and we can see that even then the line's role still played a part in price action as we saw this wild fight between bear's and bulls.
📉 Personally it seems like the biggest fight was over the 20,50 EMA. On the 6th we can see how just when that 20 EMA was about to flip with the 50 EMA we got this massive price boost, buy in, seems like it was a whale, institutions attempt to help bulls avoid seeing a convergence of the EMA's which ultimately did end up happening just about a day later which has led to the creation of this descending channel and that's been the main catalyst for our reversal.
📉 Sure we got the rejection at 0.56, that makes total sense, we formed a new high on the local timeframe and understandably some traders, whales probably took profits, closed positions leading to this reversal and taking advantage of the quick price jump. Since then we've seen our 20, 50 EMA flip and lost the 200 EMA in the process.
📉 Main thing to watch is this descending channel, I'm looking to see if we get this breakout from the descending channel. If we get that breakout then as past price action has told us historically we'll more than likely see price recover and that'll give us this sort of catalyst for our next move up. That is of course granted we break out of the descending channel and can regain the 200 EMA in the process as well, bears will fight hard to prevent that so definitely keep an eye and feel free to add the lines to your own charts. I've added the two black lines to highlight our descending channel.
📉 Didn't want to keep this idea too long, just wanted to do a quick analysis as what we're looking at, what's happened and what could possibly come up soon. I personally see us retesting 0.515 like we last did on the 3rd, if we can bounce off that it should be positive but if we fail and continue down within this descending channel then we'll have to consider 0.50 and 0.492 should should traders want to take profit, close positions, mainly due to psychological factors so definitely set some alerts for those level's if you'd like. I will be doing the same as well as for the ones above our current price point of course, always good to know our top and bottom.
📉 Thanks for coming by as always and taking the time to read through my ideas, especially if you've made it this far, I try to keep things short but it's always fascinating taking an in depth analysis at prices and identifying why some things happen and what possibly can happen, no complaints though, it's helped us identify and formulate things a lot simpler. Thanks as always for joining me today, appreciate you guys and feel free to leave a like and follow to keep tuned! Thank you and till next, many blessings. 🙏
~ Rock '
💎 ETHEREUM (ETH) - Investment Opportunity (READ THE CAPTION)Upon analyzing the #Ethereum chart on a weekly (logarithmic) timeframe, it is observed that the price had grown by 169% from October 20, 2023, to March 11, 2024, reaching $4090, before finally experiencing a drop and correcting down to the $3000 range. After a correction, it is likely that we will see Ethereum grow back to its previous high of $4850. The long-term targets for Ethereum, in order, are $5000, $5500, $6600, and $8500.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Ripple XRP Intraday Trade Setup XRP pushed through $0.54 failed to sutain price action above it and now is having a bearish pullback.
However, as long as it is trading above $0.5276, a re-test of $0.5549 is very likely.
A bullish break-out of $0.54 will offer more upside towards $0.5549 and, possibly, higher to $0.5790.
Another re-test of $0.5276 followed by a bullish rejection and a break-out of $0.54 will lead XRP price to $0.5549 and, possibly, higher to $0.5790.
Find more details in signature!
XRP : Decision moment📊Analysis by AhmadArz:
🔍Entry: 0.5216
🛑Stop Loss: 0.4564
🎯Take Profit: 0.5623 -0.5911 -0.6371 -0.6717
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
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Ripple can continue to decline to 0.5065 support levelHello traders, I want share with you my opinion about Ripple. Observing the chart, we can see that the price some time ago started to decline inside the downward channel, where it soon broke the resistance level, which coincided with the seller zone and fell to the support line of the channel. After this movement, Ripple continued to decline in the channel and reached a support level, which coincided with the buyer zone, and even soon broke it too and declined more. But later, XRP turned around and made a strong impulse up from the support line, thereby breaking the 0.5065 support level again and exiting from the downward channel also. Then price continued to grow and even later reached a resistance level, but not a long time ago rebounded and declined to the support line. Also recently, XRP broke this line and now it continues to decline, so, in my opinion, Ripple can make a little movement up and then continue to fall to the 0.5065 support level, which is my target also. Please share this idea with your friends and click Boost 🚀
XRP's Roadmap to Recovery: Opportunities, Risks, and ForecastXRP, the native digital currency of the Ripple payment protocol network, reached its pinnacle at $3.84 on January 4, 2018, marking an astonishing surge of nearly 40,000% over the preceding 12 months.
However, its current trading value hovers around $0.50. Much like several other smaller altcoins, XRP witnessed a wane in interest as escalating interest rates tempered the fervor in the cryptocurrency market. Additionally, it encountered formidable hurdles stemming from regulatory shifts and intensified competition within its ecosystem. Nevertheless, could XRP regain its momentum in the years ahead, potentially transforming a $10,000 investment into over $1 million?
In 2012, a startup initially known as Opencoin (later rebranded as Ripple Labs) introduced Ripple as a payment protocol network crafted to facilitate real-time gross payments, remittances, and currency exchanges. Operating on its blockchain-based ledger, the platform promised secure, immediate, and nearly cost-free global financial transactions of any scale without the risk of chargebacks.
Currently, financial institutions such as Travelex Bank, Tranglo, and Sentbe leverage Ripple's payment protocol network. However, the adoption of Ripple's XRP cryptocurrency for payments has not mirrored the levels witnessed with Bitcoin or Ether.
While Ripple was once hailed as an innovative payment processing solution, it now contends with robust competition from akin blockchain networks like Ethereum, renowned for hosting a broader spectrum of decentralized applications and tokens, and Solana, recognized for its swift transaction processing and reduced fees.
Meanwhile, in late 2020, the US Securities and Exchange Commission (SEC) lodged a lawsuit against Ripple and two executives, alleging the raising of $1.3 billion through an XRP token offering, deeming it an unlawful sale of unregistered securities.
Despite a US judge ruling last July that XRP tokens were not categorized as unregistered securities, prompting the SEC to retract its lawsuit against the executives, a conclusive trial between the SEC and Ripple commenced in late April. This trial is anticipated to extend over several more months before a definitive verdict is reached. The prevailing uncertainty is likely to present the most significant immediate challenge for XRP this year.
Furthermore, elevated interest rates pose another substantial impediment for XRP and most other cryptocurrencies in the foreseeable future. Earlier this year, numerous cryptocurrencies rallied as investors anticipated gradual interest rate reductions by the Federal Reserve. However, these aspirations were dampened by inflation reports exceeding expectations, casting a shadow over the cryptocurrency market's outlook.
Should XRP's value surge by 668% to reclaim its all-time high of $3.84, a $10,000 investment would yield $76,800. Projections from Digital Coin Price suggest XRP may revisit this peak by 2030. Conversely, Cryptonewsz.com holds a more optimistic stance, forecasting XRP to ascend to $9.81 by 2030, potentially transforming a $10,000 investment into over $196,000.
Nonetheless, for XRP to achieve millionaire-making returns from a $10,000 investment, it would necessitate a 100-fold increase. Even the most bullish forecasts fall short of this mark. Last June, crypto hedge fund manager Thomas Kralow predicted XRP's price would reach $30 by the conclusion of 2023. While this would have represented a remarkable 5,900% gain from $0.50 and translated into a $10,000 investment yielding $600,000, many skeptics questioned the feasibility of Kralow's projection. A $30 price target would elevate XRP's market capitalization to $3 trillion, surpassing the combined value of all other cryptocurrencies in the market.
Although XRP's price attained $0.64 by the close of 2023, it has since receded by approximately 20% this year. Investors remain apprehensive about unresolved regulatory concerns, macroeconomic headwinds, and its capacity to contend with newer blockchain networks like Ethereum and Solana.
Consequently, it appears improbable that XRP will furnish millionaire-making returns by the decade's end. Nevertheless, there exists potential for it to double, triple, or even quadruple in value if it secures a decisive legal triumph against the SEC and benefits from interest rate reductions by the Fed. In essence, XRP could still present promising long-term prospects for investors willing to endure the near-term volatility.
⚡ XRP AND A QUICK TA! ⚡⚡ Alright, we're gonna keep things quick and simple today.
⚡ In the last idea we identified what seemed to have been a new resistance trend line and that indeed has been the case, it's simple enough to spot the effect as a result, we've seen prices pushed down right to that low point at the start of May.
⚡ It's there that we see the horizontal levels did indeed put in the work, as we retested 0.485. Once we found support there bulls took a firm grip and we we're finally able to get that breakout above the resistance trendline and that with our 20/50 EMA helped us recapture the 200 EMA to explain ripple's price action in a short and simple fashion. We we're stuck below the resistance, then we hit rock bottom, support and pulled up achieving this breakout that's helped us get back up basically.
⚡ I've encircled two points at 0.534 and 0.5378 or 0.534 to round things up. 0.534 is going to be our current point of interest. Since we already had an attempt at 0.534 before failing to break above the resistance line that made it all the more challenging for us to continue once we hit it again for the second time ultimately failing to regain higher ground.
⚡ Bulls will have to break that in order to push higher so I'd set an alert there and for 0.526 since that seems to be our local support, price action could have us seeing a horizontal channel form as bears and bulls fight to keep above that 200 EMA, or below depending on which team your on of course. So keep an eye out for the 200 EMA line, that'll be the bearish confirmation if we fall below and bullish if we can manage to keep above and avoid seeing those 20/50 EMA lines flip.
⚡ One last note is the blue line, that's basically a support line we've identified, it's also the reason XRP avoided losing the 200 EMA on the 3rd of May when we bounced off that line so it's definitely important to note that with us now being below the line things are technically bearish but whether things actually play out bearish or not will depend on who wins over the next few days and if we keep below the line or can regain ground above it though it'll be a challenge of course, but then again. Nothing is impossible, this is crypto after all.
⚡ Said I'd keep this idea short and that's it, I'll be posting more over the week so feel free to leave a like and follow to keep tuned, I simply wanted to give a quick summary of things and an idea of what we're looking at currently. Either way as things stand, I'm sure thing will heat up over the next few weeks, haven't had much movement following Bitcoin's halving so I'm curious to see what could be in the works. Thanks as always, and best wishes and blessings till next!
~ Rock '
HelenP. I Ripple will break trend line and fall to support levelHi folks today I'm prepared for you Ripple analytics. Some days ago price reached a resistance level, which coincided with the resistance zone, and soon broke this level. Then XRP rose a little more, and then in a short time declined below the 0.5410 level, breaking it again, and then the price continued to fall. After the price reached the support level, which coincided with the support zone, it some time traded near this level and later broke it, after which declined to the trend line. But then, the price turned around and made a strong impulse up, higher 0.5080 level, breaking it and making a retest also. Then Ripple continued to move up and soon reached a resistance level, but a not long time rebounded and fell to the trend line, where at the moment XRP continues to trade near. For my mind, Ripple will make a little move up and then rebound down to the support level, breaking the trend line. That's why I set my target at the 0.5080 support level. If you like my analytics you may support me with your like/comment ❤️
RIPPLE - Price can continue to decline in channelHi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊
Recently price bounced from resistance line and fell to support line, but soon bounced up from this line, making fake breakout.
Then in a short time, Ripple rose to resistance line, after which made little correction and soon broke $0.5365 level.
After this, price rose a little more, and then started to decline inside falling channel, where it soon declined to resistance area.
Later, XRP broke $0.5365 resistance level one more time and then in a short time declined to $0.4790 level.
In my mind, Ripple can make small movement up and then continue to decline in falling channel.
Also, I think that XRP can break the support level and decline to $0.4790 points support area.
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Ripple can exit from triangle, make retest and continue to riseHello traders, I want share with you my opinion about Ripple. By observing the chart, we can see that the price some time ago reached a resistance level, which coincided with the seller zone and broke it, after which started to trades in the range. Inside the range, the price rose to the top part and then turned around and declined lower than the 0.6085 level, thereby exiting from the range. After this, Ripple turned around and rose higher than the resistance level and started to trades in a triangle, where it rebounded from the resistance line and made a strong impulse down to the support line, breaking 0.6085 and 0.5065 levels. Then price turned around and made an upward impulse from the support line of the triangle to the support level, which coincided with the buyer zone and later finally broke the 0.5065 level, after which reached the resistance line of the triangle. But recently it rolled down from this line to the support line, where at the moment continues to trades near. For this reason, I think that Ripple can reach the resistance line, and break it, thereby exiting from the triangle and making a retest. After this, XRP will continue to move up, therefore I set my 1-st TP at the 0.5745 level. Please share this idea with your friends and click Boost 🚀
4 potential top trendlines for monthly log chart xrp patternXrp has some sort of bull pennant that it has been forming since the 2018 top and there are at least 4 potential top trendlines for it which I have showcased here with different colors. The green top trendline would be if the most valid pennant is an ascending triangle, the light pink line is for a cup n handle pattern, the brown trendline is jut connecting the two red wicks, and the teal trendline is there because it was able to connect 4 key wicks. The purple trendline is the top trendline of a smaller triangle inside the pennant that has a breakout target of around $12 which means once it breaks out and its getting quite close to its apex, the momentum it brings on the way to its measured move target will take us well above the highest of all these potential top trendlines causing the chain reaction of the larger pennant validating its breakout as well. This is a monthly chart timeframe of course though…so even though the inside triangle with the purple top trendline is nearing its apex that breakout from that triangle could still be very possibly 1-3 more months away. I get the feeling around the time of the automated market maker amendment being implemented(march 22nd) we could see price finally leap up out of the triangle, if so I’m expecting a very bullish april for xrp The good news is the highest price for any of these potential top trendlines currently is around $1.56-1.58 or so and is not gonna be getting any higher so once we flip that price zone to solidified support then we can look forward to validating the breakout on the big pattern, and the fact that it’s a pennant means we will have 2 targets to look for in the long run: 1 for just the flag portion and then a much higher one based on the height of the pennant’s pole. I left the price target of the poles measured move target(in neon yellow) out of the frame of this chart idea but you may be able to drag that part of the chart down into the frame with your mouse or touchscreen if trading view still lets you. The reason I left it out of the frame is because I wanted to be zoomed in close enough to the flag portion of the bull pennant itself to be able to clearly see how the candles move in the coming months whenever I pull this chart back up and click the play button. *not financial advice*
HelenP. I Ripple can continue to decline to $0.4670 levelHi folks today I'm prepared for you Ripple analytics. If we look at the chart, we can see how the price a not long time ago rebounded from the resistance level, which coincided with the resistance zone and made a strong impulse down to the trend line, thereby breaking the support level. But soon, XRP turned around and in a short time rose higher 0.4670 level, breaking it again and later making a retest. After this, it some time traded near the support level, after which it made a correction to the trend line. After correction, Ripple rebounded from the trend line and started to rise to the resistance level, and when the price reached this level, it entered to resistance zone. Price some time traded in this area, after which turned around and made an impulse down to the trend line, breaking the 0.5435 level. Soon, the price broke the trend line too and declined lower, and now XRP continued to move down, so, for my mind, Ripple will continue to decline to the support level. That's why I set my target at the 0.4670 level. If you like my analytics you may support me with your like/comment ❤️
XRP - 29c back on the cards for Cripple? 📉Hi Traders, Investors and Speculators of Charts📈
XRP has once again disappointed by being one of very few coins that did not rally during the recent BTC surge, which ultimately led to a new ATH. You would expect more from one of the altcoins-Titans, but unfortunately the fundamentals for XRP are looking terrible (at best).
The price has lost a long-standing trendline which acted as support, a bearish sign for the foreseeable future (until we can reclaim daily candles above):
XRPBTC is trading at all time lows (again) so if you ever did want to buy (for some reason), this would probably be a good time. The multiyear triangular consolidation keeps on heading lower and lower, each breakout failing into a further decline of value-loss against BTC:
The only thing I can really say about this... is that it is utmost disappointing. XRP has become a pool of liquidity to just drain and drain, dominated by sellers every time there is an upward trend in the market. The XRP market cap is getting smaller, and there isn't much growth happening on the ledger. XRP reserves help by executives is just a quick buck for Ripple to fund their slow-bleed company.
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BINANCE:XRPBTC BINANCE:XRPUSDT
Navigating XRP's Path Amidst Ripple's Stablecoin PlansCRYPTOCAP:XRP , the digital asset often referred to as the "banker's coin," is facing a crucial juncture as Ripple, its parent company, charts a new course with the introduction of its stablecoin. Amidst concerns surrounding XRP's utility in Ripple's ecosystem, Ripple's Chief Technology Officer (CTO) David Schwartz has stepped in to address the community's apprehensions.
CRYPTOCAP:XRP 's Price Action and Ripple's Stablecoin Plans
CRYPTOCAP:XRP has been treading cautiously around the $0.53 mark, with the shadow of resistance at $0.55 looming large. Ripple's recent announcement regarding the launch of its stablecoin has stirred a wave of uncertainty among XRP holders and crypto enthusiasts alike. The impending arrival of the stablecoin has raised questions about the future relevance of XRP within Ripple's ecosystem, particularly in its On Demand Liquidity (ODL) platform.
Ripple CTO's Reassurance
In response to these concerns, David Schwartz, Ripple's CTO, took to Twitter to offer reassurance. He emphasized that Ripple's objective is to provide clients with options, allowing them to choose between using the stablecoin and CRYPTOCAP:XRP based on their specific needs. Schwartz's comments underscored the belief that CRYPTOCAP:XRP will continue to play a significant role within Ripple's ecosystem, despite the introduction of the stablecoin.
Technical Analysis: XRP's Price Dynamics
From a technical perspective, XRP's price action has been confined within a narrow range, with resistance at $0.5576 and support at $0.5137. A breakout above resistance could signal a potential rally toward the $0.6431 level, representing a substantial upside for $XRP. Conversely, a breach below support may indicate a trend reversal, potentially leading to a test of lower levels around $0.47.
⭐️ XRP AND THE BITCOIN HALVING! ⭐️⭐️ Hi! Hope everyone's doing well today, it's finally that day, the halving has arrived and personally I feel like it flew up on us. Crazy to think that only a couple months ago we we're talking about the halving and now here we are. Bitcoin's fourth halving!
⭐️ Wild think that could be the case but here we are! I've been working everyday this month so I haven't exactly had too much time to post anything let alone be home but I decided to take a day off so here we are! Thanks for tuning in for a bit as always.
⭐️ Anyway I'm sure we want the technical analysis so I'll put one below in the displayed chart here:
⭐️ I made up this chart a few days ago but was unable to post an idea so why we've got that April 19th timestamp, regardless the chart did it's job and explains a bit of what's happened afterwards, what we're looking at today.
⭐️ We did in fact exit our horizontal channel signaling a bullish breakout and we managed to recapture out 200 as we had brought up in the previous chart forming a golden cross which helped send prices up in a new ascending channel as shown below:
⭐️ Thanks to that ascending channel and golden cross it's simply to see how we we're able to reclaim some ground and get that positive price action before hitting another resistance level at that 0.57 which is understandable, at some point we we're going to have to retrace and that brings up the next point.
⭐️ From our current position we're looking at a few new developments like that resistance line that's seemed to form since that rejection at 0.57 and 0.56 forming this new level of resistance which will probably play a role in future price action. That's not the main point right now though, we're still descending and looks like we're gonna be retesting our 0.526 horizontal level. For those of you that aren't familiar with my lines yet here's the summary. Their just horizontal levels which I've added over time. Some are few months old, some more, they are essentially resistance and support levels depending on which side your on .
⭐️ Anyway, to keep things simple. If we can't regain that 200 EMA on the hourly and we fail this retest at our 0.528 horizontal level then I'd expect us to fall further and retest 0.514 and 0.50 below should we breakdown. Admittedly that's gonna be a bit tough since our 20/50 day EMA's have already converged and flipped so it'll take a bit of pressure to get those flipped and get a bullish signal but it's definitely not out of the equation. So if bulls can sustain support above 0.525 then we stand to regain the 200 and continue pushing up in which case we'll look to that resistance line to see how the market reacts to that.
⭐️ As always, thanks for coming by, I appreciate you guys so much as always, especially if you've made it this far, I simply wanted to share a couple quick thoughts and get a post out, especially after Bitcoin's halving! It's incredible to think that it's been so long and yet here we are now at that point alas. Who knows what the future holds, I simply believe it'll be something well worth. Thanks as always and much love, all the best till the next idea!
~ Rock '
💎 BITCOIN (BTC) : Weekly analysis , going for $100K ? (READ)By checking the #Bitcoin chart in the weekly time frame (logarithmic), we see that after the price dropped to $59,500 last week due to the tensions in the Middle East, but we saw a rapid price recovery And currently, Bitcoin is trading in the range of $66,500! By keeping the price above the support level of $59,500, we can expect more growth in the medium term! The next Bitcoin targets are $77,000, $85,000 and $100,000 respectively!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
💎 CHILIZ (CHZ) - +25% so far , what's next ? (READ THE CAPTION)By checking the chart of #Chiliz cryptocurrency in the weekly time frame (logarithmic), we see that the price hit the first target ($0.125) with a 25% growth! 😍 I hope you have used it! This cryptocurrency also has an attractive fundamental support! The next targets are $0.16890, $0.215, $0.297 and $0.39360 respectively! The expected yield of this cryptocurrency in the long term is more than 250%!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
💎 DogeCoin (DOGE) - More Bullish? Let's see! (READ THE CAPTION)By checking the #DogeCoin chart in the weekly time frame (logarithmic), we see that the price is trading with more than 10% growth in the range of 16 cents, and by maintaining the support of the $0.124 range, we can expect the price to grow to higher targets! The price targets are $0.229, $0.35, $0.374 and $0.75 respectively! The expected yield of this cryptocurrency in the long term is above 300%!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
RIPPLE - Price can exit from wedge and rise to resistance areaHi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊
A not long time ago price entered to wedge, where it at once made downward impulse from resistance line.
Ripple broke $0.5630 level, which coincided with resistance area, and in a short time declined to support line, breaking $0.4660 level too.
Soon, it turned around and rose higher than $0.4660 level, making fake breakout, and continued to trades near this level.
After XRP made a correction to $0.4660 level, it bounced and in a short time rose to resistance line of wedge.
But recently price turned around and started to decline, so, I think Ripple can decline a little more.
Later, price can bounce up to $0.5785 resistance area, exiting from wedge and breaking resistance level.
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The XRP chart is indicating a move to around the $2.50 level.As the BRICS gold-backed digital currency, which is running on the XRP ledger, prepares to go live, XRP adoption and usage will continue to gain momentum. The charts are indicating a move to the $2.50 level over the next year or so.
Good luck, and always use a stop-loss!