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Ripple

As Expected, Ripple Is Facing The Anticipated Resistance-Mark!Hello, Traders Investors and Community, welcome to this update-analysis on the middle-to-long-term-perspective looking at the XRPUD-trading pair, as I told in my recent analysis about XRPUSD we have still plenty of resistance above our heads which just confirmed right in the last time and there is the possibility given for now there is a high possibility given for a reversal to the downside when the bullish weakness increases further. I highly recommend that you look at this analysis when going to my account and watch the recent XRPUSD analysis to have a full-perspective on today's situation. Okay, my friend's lets have a look on my chart there we can see that XRPUSD bounced into the strong resistance-zone between 0.18750 and 0.20200, this resistance zone marked in blue builds also a coherent bearish-confluence level together with the EMAs you see in my chart, this is why this zone shouldn't be ignored at the moment. So what can we expect when XRPUSD declines further because of the huge resistance? In the case XRPUSD falls more and leaves the resistance zone which you see in my chart to the downside we can expect support in the zone between 0.15976 and 0.17056, you can see this support-level marked with the green box in my chart, in case XRPUSD visits this level again we have good support in this range. No on the other side there is a little possibility given for a bullish continuation, in this case, XRPUSD would consolidate between the 0.19 and 0.2 range before it breaks-up higher, as I told already in the recent analysis this scenario is also given but it is more likely that we see minimum a correction first. Now when the unlikely bullish scenario sets in we can expect a move higher to the 50 % Fibonacci-resistance at o.23 you can see this level marked in grey with text and a trend-line in my chart, this is the next significant resistance-zone in case XRPUSD manages to glide higher. This scenario is confirmed when we close above the EMA and confirm it as support otherwise the bearish scenario with the respected trend-line will set in and we will see the correction. Okay so now we should have a good overview of the situation, remember that either case has to be confirmed accordingly before trading the proper direction when confirmed, always wait on the confirmation and take the trade with the highest possibility, my friends! I see many people guiding others into giving a 100 % promise on this or that scenario, this cant be the approach for a wise trader, we should always look on the given moment as clear as possible and considerate the opportunities which are given to place trades with the best possibilities playing into the trade, therefore, detach ourselves from mere speculation. Thanks for watching my analysis, feel free to support my friends and don't forget as I always say: The ambition to transform opportunities into gold remains the most significant tool for a trader. In this manner FAREWELL Information provided is for educational purposes only and should not be used to take action in the markets
BITSTAMP:XRPUSD
by VincePrince
9
XRPUSD - 2.87 Year Old Trend-Line Broken, What Comes Next?!_______________________________________________________________________________________________________________________________________________________________________ Hello, Hello, Hello! Traders, Investors and Community! Welcome to this tremendous significant RIPPLE / US DOLLAR analysis, I detected some important signs of where we heading the next weeks and months and important support levels which we need to hold. The corona fears going on these days and the markets showing volatility never seen for years. For wise traders that doesn't mean crying! For wise traders that does mean searching for profitable opportunities! _______________________________________________________________________________________________________________________________________________________________________ As you can see in my chart RIPPLE just broke down a very very very important support trend-line which was there for 1043 days that means 2.87 in years. This trend-line held the whole structure up and now it is broken, as for now this break looks like a bear-trap BUT that does not mean we are out of the woods, as you can see in my chart we have a huge bearish zone below the trend-line. For now, I see some steady up-trends coming the next weeks and months but these up-trends will trade into resistance right above RIPPLES head, you can see it marked with the resistance levels and the major important falling trend-line which first need to be surpassed to develop further up-trends. The 50 and 200 EMA marked in orange and purple showing resistance also, which means we have another confluence for resistance in the area. When the price touching this area it is important to show good bullish continuation signs otherwise ripple will fall back into the bearish zone which would accomplish a slow death ride to lower levels. Considering this scenario, trade on the SHORT side will be appropriate when a reversal confirmed but for now, the price first has to visit these areas. When dividing the chart into bullish, neutral and bearish areas there are, as mentioned clear obstacles in the neutral zone for ripple to turn bullish: For the next weeks and months we can expect some good up-moves coming but what hold ripple back in this structure are the few resistance levels that shouldn't be ignored. When these levels confirm as resistance a SHORT trade will be appropriate otherwise we have to watch out for a possible bullish confirmation leaving the obstacles in the neutral zone behind and confirm the turning-point into the green bullish area as seen in my chart. _______________________________________________________________________________________________________________________________________________________________________ Thanks for watching my analysis! Hopefully, it will be profitable for you. There are always opportunities in markets also in times of great fear or greed, good treaders keep a cool head and look for the golden apples popping up ;) For more market insight feel free to support. Information provided is only educational and should not be used to take action in markets. _______________________________________________________________________________________________________________________________________________________________________
BITSTAMP:XRPUSD
by VincePrince
16
XRP's rally today isn't the real breakout, but it's coming soon!Bitcoin bounce hard today taking out the 50K psychological barrier. Many alt-coins followed as well. Some like XRP rallied a little bit, but not too much. Why? Because, the money inflows right now are mainly focused on Bitcoin, and a few altcoins, but when the Bitcoin rally runs enough, cash will flow into cheaper alternatives. XRP is showing a bearish divergence on the hourly chart, which most likely is indicating that the price action will fall back to, or near the lower trend line on the chart above. This same pattern played out not to long ago, and will likely repeat, as the people that missed today's rally will be looking for an entry point if/when it pulls back, and the additional money inflows will cause each following run to gain momentum until it ultimately breaks through the upper trend line, pulls back, bounces off it, then runs for a nice gain. This is just my opinion, and in trading there are no guarantees or absolutes! Good luck, and always use a stop. #NeverFOMO
Long
by MetaShackle
3
RIPPLES BULL-MARKET COULD BE IN THE MIDDLE STAGES - HERE IS WHY_______________________________________________________________________________________________________________________________________________________ Hello my friends, today I will look at an important observation showing a repeating pattern on a larger scale. It also shows the events which occur the next weeks and months before the final XRPUSD break-out will happen. Let's go! _______________________________________________________________________________________________________________________________________________________ At observing ripples long-term weekly chart I first found a massive up-trend channel which is drawn from the lowest point (green) to the ending of the first correction (also green) and the first all-time high (red), You can see this channel connecting coherently the lows and highs from this massive and stable up-trend. There is also this first longer correction which you see in my chart marked with the pink box divided into smaller boxes with light-blue dividing-lines and separated into phases one, two and three forming chronically the over-all correction before the final moonshots happened. The correction is divided into phase one: The first stage of the correction in which heavy supply enters the market and shrinking in price occurs The next phase, phase two: It is the stage in which supply falls below the previous level and demand begins to fill the market and price rises, it is also the phase in which many professional investors and institutionals entering the market-landscape, as price rises demand does also. The final most important phase three: Is the last phase before the big boom break-out occurs and prices rise massively to form higher highs at significant levels. In this phase volatility and volume diminish but the price remains trading in the same range as seen in phase two. Both retail and institutional investors buying shares and prepare for the final break-out. Before the break-out occurs we can see a massive decrease in momentum as low momentum is associated with a strong break-out the bull-market occurs after the touch of the lower line of channel. As I saw at looking at the chart now I could capture the same pattern forming again, just in a broader time and price altitude. We are just entering phase two now in which many professional people will enter the market-landscape. So as many people talking about that XRPUSD can fall to lower levels I do not really see that scenario possibly happen in the foreseeable future as we holding up this strong support level and the pattern form looks just like the correction seen before. Considering the bigger altitude in the current correction occurring we can say that the bull market will be enormous and of larger size as the bull market seen before, as it always the case with a bigger altitude and price swings we can expect bigger altitude and price swings in the future. I would be extra vary with shorting ripple in the current situation as it could backfire soon, we are entering phase two now in which consolidation is expected. Short-term trading could be considered here, with LONG position but i personally wouldnt SHORT It right now. _______________________________________________________________________________________________________________________________________________________ Please support, follow and like if you found this analysis useful, i will probably update on this scenario when more information is given. I wish everybody happy christmas and a very very very nice happy new year, of course with good trading profits and a healthy and happy live! May all your goals come true! _______________________________________________________________________________________________________________________________________________________
POLONIEX:XRPUSDLong
by VincePrince
37
HelenP. I Ripple can correct below support level and rebound upHi folks today I'm prepared for you Ripple analytics. A not long time ago price declined to the trend line, which coincided with the support line of the upward channel, thereby breaking support 2. After this, Ripple in a short time rose higher than this level and later rose to the resistance line of the channel. Then price made a correction to support 2, which coincided with the support zone, some time traded near and then rebounded and continued to move up. Soon, Ripple reached support 1, which coincided with the resistance zone, but the price at once rebounded and little declined. Then the price turned around and broke support 1, but soon fell back, after which turned around and finally broke support 1. After this, the price rose to the resistance line of the channel, but a not long time ago it rebounded and fell to the resistance zone, where XRP continued to trades very close to the support level. For my mind, Ripple will make a correction lower than support 1, after which it turns around and starts to move up to the resistance line of the channel. That's why I set my target at the 0.5385 level, which coincided with this line. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
5
#XRP (Ripple) Technical Analysis and Trade IdeaXRP exhibits clear signs of bearish pressure on both weekly and daily timeframes. The formation of lower highs and lower lows signals underlying weakness. Price has now reached a key support level, raising the potential for a retracement and a short entry opportunity. Potential Trade Setup: - Entry: Consider a short position upon a retracement, targeting previous weekly and daily lows. - Rationale: Price action suggests continued downward momentum in Ripple, and the current support level may prompt a temporary bounce before further declines. Important Disclaimer: This analysis reflects my personal market interpretation and does not constitute financial advice. Always conduct your own independent research and thorough risk assessment before making any trading decisions.
Short
by tradingwithanthony
💎 BTC/USDT - Bull or Bear ? (READ THE CAPTION)As you can see, Bitcoin had an initial correction up to $46,600, but it came back with demand and is currently trading in the range of $48,300! Until this moment, we have not seen a strong negative reaction from Bitcoin, and this means that the power of the Bulls is still high! The demand ranges are $44,900 to $45,500, $42,800 to $43,300 and $38,500 to $39,800 respectively! In case of an upward trend, its mid-term targets are $50,400 and $52,400, 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
Long
by ArmanShabanTrading
12
🔥 BIG MOVE SOON FOR XRP AND BITCOIN! IMPORTANT 🔥🔥 Hi hope everyone's doing well, wanted to come by and give a quick follow up and post before I have to head back to work but wishing the best as always and thanks for coming by as always! 🔥 This idea won't be too long but it'll be important so give it a quick read and check out some of the charts below! To cut to the chase, we can see XRP just about finally exiting out of this descending channel that it's been in since last year when we take a look at the 4 hour chart attached below: 🔥 Anyway we've got that as well as the combination of our 200 EMA being within arms reach so to say. If bulls can manage to regain that 200 EMA on the 4 hour chart then I can't emphasize just how much of a positive indicator that would be for us. We can clearly see how we had that flash drop at the start of the year and how losing that 200 EMA contributed so much to us falling, especially once we failed to regain it on the second attempt back in January. 🔥 With that all said and done next big picture we wanted to check on is Bitcoin. Bitcoin's at the same level at which we once stood back in January. This is undoubtedly gonna be a pretty big pivot point depending on whether or not we can break this resistance level by which we'll have a good shot at possibly forming/hitting new high's or at least hitting that $50,000 mark soon enough. 🔥 What that being said we can always have the opposite scenario and end up falling back down below our $47,000 level should that happen we could experience a similar flash sell to that in January following the ETF news though I wouldn't expect things to be as dramatic but then again, you can never be certain in this market, but past price action alone we're certain this level is going to likely make or break things for traders. Below is a bigger highlight of the big consolidation channel for Bitcoin that should be noted. 🔥 With the bigger picture here and a look at our big consolidation channel we can identify the points between $41,500-$43,000 to be this sort of horizontal consolidation channel for Bitcoin. Would definitely recommend adding to your own charts in case we come back to that point which is always a possibility. Traders are looking for a make or break indicator and hopefully we can avoid the latter. 🔥 With that all being said and I done I said this idea wouldn't be long and I keep to my word, just wanted to give a big picture view and quick analysis of both charts considering the fact that the market will likely stick close to Bitcoin and follow, the correlation grows apart sometimes but overall using Bitcoin as a lead indicator, confirmation can help us out over here too. That's it for today anyway, thanks for coming by as always and wishing the best as always till next. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
"Ripple Faces Crucial Resistance, Potential Breakout Looms"Ripple (XRP) Navigates Pennant Formation: Critical Juncture Signals Potential Breakout Ripple's XRP, a cryptocurrency known for its unique utility in cross-border payments, is currently at a pivotal moment in its price action. On the shorter time frame, XRP is exhibiting a compression pattern resembling a pennant formation, suggesting an imminent breakout. However, the rejection off the downward resistance within this pattern is signaling caution among traders. A pennant formation is a technical chart pattern characterized by converging trend lines, forming a triangular shape resembling a pennant. Typically, this pattern occurs after a strong price movement and indicates a period of consolidation before a potential continuation of the prior trend. At present, XRP is witnessing a compression within this pennant formation, with price action oscillating between the converging trend lines. The rejection off the downward resistance line is a crucial development to note, as it indicates selling pressure at higher levels. For traders and investors, this is a key point in time to closely monitor the XRP chart. The rejection off the downward resistance suggests that XRP may be poised for a breakout to the downside. If this scenario unfolds, the coin could potentially test the 31 cents support level once again. A breakdown below the bottom trend line of the pennant could result in a significant decline, possibly leading to a 30 percent loss from current levels. Such a move would warrant careful risk management and could trigger further selling pressure among investors. However, it's important to consider the alternative scenario. If XRP manages to hold the lower boundary of the pennant and subsequently breaks above the red expanding range resistance, it could signal a bullish breakout. In this case, traders may look to play the breakout, anticipating a continuation of the prior uptrend. As always, trading cryptocurrencies involves inherent risks, and it's essential for traders to conduct thorough analysis and implement appropriate risk management strategies. While the pennant formation presents a potential opportunity for traders, it also carries the risk of a downside breakout. Therefore, exercising caution and closely monitoring price action is paramount in navigating these uncertain market conditions.
BITSTAMP:XRPUSD
by UnknownUnicorn2319099
2
XRP - 20.000% RallyHello Traders, welcome to today's analysis of XRP. -------- Explanation of my video analysis: After XRP has been trading in a triangle formation for over four years, we saw an expected breakout in 2017 followed by a rally of +25.000%. Exactly five years ago XRP then started forming a similar triangle (continuation) pattern and if we see a breakout towards the upside and a break above the resistance mentioned in the analysis, we could maybe see a similar rally. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
BITSTAMP:XRPUSD
by basictradingtv
8
The XRP hourly chart showing a bearish divergence.The crypto market as a whole has been moving up nicely recently. XRP has gained some ground, even though it hasn't moved near as much as most other cryptos. It is now showing a bearish divergence on the 1 hour chart, which could be a sign we're going to see a pullback. I'd recommend caution here regardless of the cryptos you hold, just because we've seen seen many of them move significantly as of recent. Keep your eye on Bitcoin to be your primary indicator. Good luck, and always use a stop loss.
Long
by MetaShackle
💎 BTC/USDT - $47,000 Reached , What's Next ? (READ THE CAPTION) Bitcoin reached $47,700 ! As you can see, according to our expectation, Bitcoin finally managed to start growing from $42,000 and hit all the targets we had set for it! The price has already reached its highest price in a month and we have to see how the price will react to this important supply range (from $47,700 to $49,000)! The demand ranges are $44,900 to $45,500, $42,800 to $43,300 and $38,500 to $39,800 respectively! In case of an upward trend, its mid-term targets are $50,400 and $52,400, respectively! The Main Analysis : 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
by ArmanShabanTrading
7
Ripple can break resistance level, make retest and continue growHello traders, I want share with you my opinion about Ripple. Observing the chart, we can see that the price a not long time ago started to trades in an upward channel, where it first declined to the support line and then continued to move up in the channel. XRP reached a resistance level, which coincided with the seller zone and soon broke it, after which the price made little correction and later rose to the resistance line of the upward channel. Next, the price turned around and made a strong downward impulse to support line of the triangle, thereby exiting from the channel and breaking two levels - 0.5265 and 0.5010. But soon, Ripple turned around again and in a short time rose back to the resistance line, breaking the 0.5010 support level, which coincided with the buyer zone. Then it made a correction to this level and some time traded near, after which the price rebounded and made impulse up to the resistance level, thereby exiting from the triangle. Now Ripple trades near the 0.5265 level and I think that price can correct a little and then rise to the resistance level, and try to break it. After breaks, Ripple will make retest and continue to move up. For this case, I set two targets, the first target at the 0.5265 resistance level, and the second - at the 0.5365 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
3
A nice inverse head & shoulders pattern has formed in XRP.XRP is arguably the most hated crypto in the space right now, but it's forming a very nice inverse head & shoulders pattern on the hourly chart, and has just crossed the neck line. We could see a really nice rally right here if it holds above that neckline, if so, it may pull back to it, then bounce off it like a trampoline. Other cryptos have been having nice rallies today, I think XRP might get it on a little of the action today. Good luck, and always use a stop loss.
Long
by MetaShackle
RIPPLE - Price can exit from penannt and fall to $0.4635 levelHi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊 A not long time ago price bounced from $0.5550 level to resistance line of downward pennant, after which it started to fall. In a short time XRP declined to $0.5550 level and broke it, then price made retest and later fell to $0.5010 level. After this price tried to rise and rose to resistance line of pennant, but it didn't fixed and soon fell to support area. Then Ripple bounced from this area and rose to resistance line again, making fake breakout of $0.5010 Recently XRP bounced down from resistance line and at the moment price trades very close to support level. In my mind, Ripple can reach resistance line again, and then bounce down to $0.4635, thereby exiting from pennant. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
3
Warning! XRP looks like it's about to fall of a cliff!XRP has dropped below the bottom descending wedge trend line, and is now in very dangerous territory! If price fails to get back above the lower trend line, it looks like XRP will literally sh@t the bed, and fall off a cliff! If this is the case, we could see XRP in the lower .40's quicker than you think. Selling into the market by short's opening short positions, forced liquidations from spent long positions, and panic selling by investors/traders who bought in the mid .50's hoping for a rebound, may cause 'The Perfect Storm!' This will be very interesting to watch!
by MetaShackle
2
HelenP. I Ripple can break resistance level and continue move upHi folks today I'm prepared for you Ripple analytics. A not long time ago price some time traded near the support level, after which it rebounded and in a short time rose to the resistance level, which coincided with the resistance zone, but when Ripple reached this level, it made a correction below. After correction, XRP rebounded up to the trend line, breaking the 0.5325 level, and then started to decline inside the triangle, where the price soon broke the 0.5325 level one more time. Also soon, Ripple declined below support level, which coincided with the buyer zone to 0.4850 points, but at once turned around and made a strong impulse up to the 0.5075 level. XRP some time traded near this level and later rose to the trend line, but the price wasn't fixed and in a short time declined lower to 0.5075 level one more time. At the moment, the price continues to trades in a triangle inside the support zone near the resistance level. For this case, I expect that Ripple will soon break the resistance level, make a retest, and then continue to rise to the trend line. After this, the price can break this line, thereby exiting from the triangle, making a retest, and continuing to move up. That's why I set up two targets, the first target at the 0.5140 level, and the second - at the 0.5240 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
3
"Anticipation Builds as Massive 6-Year Bull Pennant Takes Shape"XRP Ripple: Chart Analysis and Market Overview XRP Ripple, one of the prominent players in the cryptocurrency space, has recently captured the attention of traders and investors as it navigates a critical juncture in its price action. With the token currently holding a major make-or-break support level at 50 cents, coupled with the formation of a 6-year bull pattern compression, market participants are closely monitoring XRP's chart dynamics and assessing its potential for future price movements. Understanding XRP Ripple XRP Ripple is a digital asset and payment protocol created by Ripple Labs Inc., designed to facilitate fast and low-cost cross-border transactions. Unlike many other cryptocurrencies, XRP does not rely on blockchain mining for transaction validation. Instead, it utilizes a consensus mechanism known as the Ripple Protocol Consensus Algorithm (RPCA), which enables near-instantaneous settlement of transactions. The Chart Dynamics At present, XRP Ripple finds itself at a crucial juncture on the price chart, with the 50-cent level serving as a critical support zone. This level holds significant importance as it has historically acted as both support and resistance during previous price cycles. Additionally, the formation of a 6-year bull pattern compression indicates that XRP is undergoing a period of consolidation, with price action tightening within a narrowing range. Bullish Outlook Despite the uncertainty surrounding the cryptocurrency market, the overall sentiment towards XRP Ripple remains bullish. Several factors contribute to this optimistic outlook. Firstly, the token's utility as a cross-border payment solution continues to gain traction, with Ripple forging partnerships with financial institutions and banks worldwide. Additionally, the recent clarity in regulatory matters surrounding XRP has provided a boost of confidence to investors. Potential Risks However, it's crucial to acknowledge the potential risks associated with XRP Ripple's current price action. The looming threat of a breakdown below the critical 50-cent support level, especially if accompanied by significant volume, could trigger a cascade of selling pressure and potentially lead to a freefall in price. Moreover, regulatory uncertainties, particularly in the United States, continue to cast a shadow over XRP's long-term prospects. Market Sentiment Market sentiment towards XRP Ripple remains divided, reflecting the uncertainty and volatility inherent in the cryptocurrency market. While some investors remain cautiously optimistic about XRP's future potential, others adopt a more conservative approach, awaiting further clarity on regulatory and legal matters. Nevertheless, the overall consensus appears to lean towards a bullish bias, supported by positive developments within the Ripple ecosystem. Conclusion In conclusion, XRP Ripple stands at a critical juncture on the price chart, with the 50-cent support level serving as a key battleground for bulls and bears. The formation of a 6-year bull pattern compression adds further intrigue to XRP's price action, with the potential for a significant breakout in either direction. While the overall sentiment remains bullish, investors should remain vigilant and closely monitor developments in the cryptocurrency market, as regulatory factors and external events could influence XRP Ripple's trajectory in the near term.
BITSTAMP:XRPUSDLong
by UnknownUnicorn2319099
2
🔥 XRP AND THE HACK OF THE YEAR! 🔥🔥 Before I start I simply wanted to apologize, been working a lot of overtime the past few weeks and that's taken away from my ability to post as of lately, that being said I won't be doing ot as much this month so that I can post more often for you all and with any luck I can get a laptop soon so I'll be able to post from work for you all. Nonetheless thanks for tuning in, let's take a quick look at things as of lately. 🔥 The crypto space hasn't had any special or wild news as of lately thus what we've been dealing with has mainly been technical and to start that off we can analyze the two descending channel's that XRP's been dealt over the past few weeks which forced us into this range between 0.495 and 0.54 as Bulls and Bear's battled with our descending channels helping Bears gain the advantage, or at least till we got the chance to break out of the descending channel. Here's a chart below depicting the two descending channels. 🔥 The image above is posted from the 31st of January and since then we can see just how that channel alongside our horizontal levels have played a role over the last couple of days as shown below in a bigger picture chart: 🔥 On our last fall which saw our price action break down and below the descending channel that pushed us down to 0.492 at which that horizontal level acted as a support and buyers kicked in pushing us back up and ultimately through the channel to get a breakout from the descending channel. Since then we've had this ascending trend line help push us up and break away form that channel to ultimately regain the 200 EMA after retesting that 0.50 horizontal level which is in the dotted lines. 🔥 Now when we look at what's presented before us currently we see that horizontal level at 0.526 is kicking us back down again with resistance. What matters here is if we can keep above that 0.514 level as it should act as a support for us being that we've crossed above it now and if we can ultimately break 0.526. We already know that news is usually the driving force for XRP's price swings and if there's any news as of recently that's notable it's the hacking of Chris Larsen's wallet. 🔥 For anyone unaware, Chris Larsen is one of Ripple's co-founder's and the executive chairman. Around $112 million worth of XRP was stolen from the executive's crypto wallet and it was noted that most of the funds we're already laundered through several crypto exchanges and platforms such as Binance and Kraken, both of which have already frozen the funds and accounts on their exchanges though the same can't be confirmed by the other exchanges that the hackers may have transferred funds to so there's no certainty on whether or not the $112 million is completely safe or if the hackers still have a means of selling the XRP in one way or another. 🔥 This hack sums up to the largest cryptocurrency hack/theft of the 2024 year thus far according to data on behalf of Rekt which is a website that tracks and highlights crypto and web3 breaches and hacks. The link to the article is below for any that may want to read more into things: techcrunch.com 🔥 That's basically been the highlight of the week with XRP so far and any price action we get is likely gonna be on behalf of whale's trading and the details that may emerge as we get more information on the co-founders wallet hack which should be in the next few days. So expect some possible consolidation as price will likely search for the next direction. That being said definitely watch the 200 EMA, we already know it's significance and just what it can mean if we lose it again. 🔥 Don't want to make the idea too long so I'll leave things here for now but wanted to give you guys a quick follow up on things and what exactly we've had going on. I know it's not much but we don't exactly have too much going no right now, things in the crypto world are pretty calm as far as news and action goes so it's up to traders and whales to make the move over the next few days using what they can, I'll make sure to keep posted more and update you all of course. Thanks as always and all the best till next. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
XRP/USDT Investment OpportunityWe are considering an investment position in XRP. After a explosive growth of over 98% in a single day in July 2023, the asset's price reached $0.9378. This was followed by a swift return to pre-spike levels, then a jump from $0.4597 to $0.7490, resulting in a significant increase of over 60%. Currently, the price has returned to the reversal zone, representing the upper boundary of a long consolidation period that lasted for a whole year. During this consolidation period, there was high trading volume, indicating significant attention and activity from large market participants. In light of the current market dynamics, we are analyzing the possibility of acquiring the asset within the consolidation range for long-term holding. In case of further price declines, we also consider additional purchases of XRP, complementing our portfolio in line with current trends and prospects. This strategic decision aims to capitalize on potential growth opportunities and ensure portfolio stability amidst market volatility.
by Rick_SimpleSwap
XRP: FINALLY💥 RIPPLE Victory in SEC CaseHi Traders, Investors and Speculators of Charts📈📉 Congratulations to all the XRP HODLERS 🤩🥂 (quick recap) ...The SEC case against Ripple was a legal battle between the US Securities and Exchange Commission (SEC) and Ripple Labs, the company behind the XRP cryptocurrency. The SEC sued Ripple in December 2020, alleging that XRP is a security and that Ripple had violated securities laws by selling XRP without registering it with the SEC. Ripple Labs denied the SEC's allegations, arguing that XRP is not a security but a digital currency. The case went to trial in February 2023, and on July 12, 2023, Judge Analisa Torres ruled in favor of Ripple Labs. Torres found that the SEC had failed to adequately prove that XRP is a security, and she dismissed the case. The ruling is a major victory for Ripple Labs and the cryptocurrency industry as a whole. It could have far-reaching implications for the regulation of cryptocurrencies in the United States. 👉The SEC failed to prove that XRP is a security. 👉The ruling could have far-reaching implications for the regulation of cryptocurrencies in the United States. 👉The ruling is a major victory for Ripple Labs and the cryptocurrency industry as a whole. This furthermore confirms my bias for the beginning of AltSeason 2023, check it out here: _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
Editors' picks
KRAKEN:XRPUSDLong
by CryptoCheck-
116