XRPUSD strong resistanceRipple hit strong resistance again at 0.6254
if this resistance still cannot broken, short target at 0.6102 and 0.5868
Ripple
HelenP. I Ripple can continue decline to $0.6000 support levelHi folks today I'm prepared for you Ripple analytics. After the price started to rise, it at the sort time reached 0.6600 resistance level, which coincided with the resistance zone and later broke it too. The price rose higher than the resistance zone and rose to the trend line, but soon XRP around down and made a strong impulse down to the 0.6000 support level, which coincided with the support zone, thereby breaking the 0.6600 level. After this, the price bounced from the support level and some days traded near, but also recently Ripple fell below the support zone and then in a short time rose to the trend line, making a fake breakout. As well soo, the price rebounded of this line and at the moment it trades very close. For my mind, Ripple will break the trend line, rise a little more, but then rebound down to the support level, breaking the trend line again. That's why I set up my target at the 0.6000 level. If you like my analytics you may support me with your like/comment ❤️
Ripple ($XRP) Registers With Central Bank of IrelandRipple has registered with the Central Bank of Ireland ahead of the implementation of the MiCA law next year. The company plans to seek a license from Ireland to comply with the new EU-wide regulations for crypto firms. Two months ago, crypto exchange Coinbase selected Dublin as the location for its EU headquarters.
Ripple's recent decision to establish a foothold in Ireland signals a strategic move aimed at leveraging the country's position as a gateway to the European Union. The company, known for its enterprise blockchain solutions, has registered with the Central Bank of Ireland as a virtual asset service provider. This move is not only driven by the desire to access the European market but also to comply with upcoming EU-wide regulations for cryptocurrency firms.
Regulatory Landscape:
Ripple's proactive approach to regulatory compliance sets a positive tone for its operations in the EU. With the impending launch of the Markets in Crypto-Asset regulation, Ripple aims to secure a license from Ireland, allowing it to passport its services to the entire EU, comprising a population of 450 million. This move aligns with the broader trend of cryptocurrency firms seeking regulatory clarity, which, according to Ripple's Senior Vice President Eric van Miltenburg, enhances confidence in the digital assets, payments, and fintech ecosystem.
Coinbase's Precedent:
Ripple's decision to make Ireland its European hub follows in the footsteps of leading cryptocurrency exchange Coinbase, which also chose Dublin for its EU headquarters and secured a MiCA license. The choice of Ireland by both Ripple and Coinbase underscores the country's appeal as a business-friendly environment with tech-friendly policies and a low corporate tax rate. This aligns with the broader trend of major global tech firms, including Google, Meta, and Apple, benefiting from Ireland's favorable business conditions.
Tech-Friendly Environment:
Ireland's reputation as a tech-friendly hub has attracted several major players in the tech and cryptocurrency sectors. Ripple's presence in Dublin since 2022 indicates the company's recognition of Ireland's potential as a strategic location for its operations. The alignment of Ripple and other tech giants in choosing Ireland further solidifies the country's standing as a preferred destination for companies seeking a European base.
Legal Challenges in the US:
Despite its positive strides in Europe, Ripple continues to face legal challenges in the United States. Since 2020, the company has been entangled in a lawsuit with the US Securities and Exchange Commission (SEC). The regulatory body alleges that Ripple engaged in the handling and raising of funds using unregistered securities with XRP, the token integral to Ripple's transaction facilitation network.
Market Sentiment and Potential Impact on XRP:
The ongoing legal battle with the SEC has undoubtedly cast a shadow over Ripple and its native cryptocurrency, XRP, in the US market. However, Ripple's strategic moves in Europe, especially in Ireland, may bring a renewed sense of confidence among investors. The commitment to regulatory compliance and the establishment of a European foothold could contribute to a more positive market sentiment surrounding XRP.
Key Takeaway
Ripple's strategic decision to make Ireland its gateway to the European Union reflects a forward-thinking approach to regulatory compliance and market expansion. While legal challenges persist in the US, the company's endeavors in Europe, alongside the broader trend of regulatory clarity, may position XRP for a potential surge in market value. As the cryptocurrency landscape continues to evolve, Ripple's actions in Ireland could play a pivotal role in shaping the future trajectory of XRP.
Can XRP Moon Before mid January?I was trying to figure out when Ripple token can start to pump. I found this interesting pattern that looks like it fit pretty well. According to this pattern, XRP should pump around mid january, with a possible peak around 1.4 usd. Is it possible?
XRPUSD panic button?Ripple also down today with a strong dump candle,
but it's not a bearish in general, because $ripple only touch symmertical triangle support.
bullish from this support level at $0.68
good luck
Upward ShiftXRP's recent activity on the daily chart revealed a bullish breakout, signaling a potential uptrend.
The breakout led to a swift and significant price increase, indicative of strong buying pressure.
However, this uptrend was soon challenged by a sharp rejection at a higher level, raising the possibility of a reversion to the support level and suggesting the initial breakout might be a fakeout.
For strategic trading, the $0.60 support area, corresponding to the 0.768 Fibonacci level, is a key zone to watch for potential buying opportunities.
Looking ahead, traders might aim for the $0.6365 resistance level, aligned with the 0.5 Fibonacci level, as a short-term target.
This analysis is for informational purposes only and should not be considered as financial advice.
XRP: Don't lose 0.58 XRP price action has been disappointing for most of the people. Price has now reached a critical level at 0.58. For now it seems to hold and price can rebound from here. Should it break, thinks could get ugly and the door for 0.54 would be wide open.
🔥 XAUUSD : First Long , Then BIG SHORT ? (Read The Caption)As you can see, based on the analysis of December 8, I talked about the scenario of moving towards $2040 to $2072 to fill the FVG, which grew by more than 600 pips to the range of $2040 last night with Mr. Powell's speech. ! Note that this liquidity void had to be filled and as this rapid drop happened, this growth was also fast! Now the price has entered this FVG and we have to see if it manages to completely fill this gap today or not! The next point is that with the growth that gold had in these 2 days, it has created a new and large FVG and LV , which I expect to fill this void with a heavy drop in the short term! There are more details in the next analysis!
Please share your opinion about the possible trend of this chart with me and support us with your likes and comments.
Best Regards , Arman Shaban
XRP Retesting (again) supportRipple coin is retesting (again, fot the 11th times lol) a very strong support area. How much chances are there that it hold again? Honestly alot. We can see a consolidation, maybe a long squeeze, but next it could pump hard till my target. Remember always that XRP pump last, and usually it starts to pump when BTC dump. BTC is dumping so...
RIPPLE - Price can little correct and then bounce up to $0.6800Hi guys, this is my overview for XRPUSTD, feel free to check it and write your feedback in comments👊
Recently price started to trades in triangle, where it bounced from support line and made strong upward impulse to resistance line.
Also, XRP broke $0.5930 & $0.6800 levels, after which it bounced from resistance line and in a short time fell lower $0.6800 level.
Later price declined to support level, bounced up, and exited from triangle, after which it started to trades in flat.
In flat price tried to break resistance level, but failed and fell back, thereby making fake breakout.
Now Ripple continues to trades in flat and I think that price can a little correct and then bounce up to $0.6800 level again.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
XRP is getting ready to go to $1Hello SSE guys,
Ripple in the USDT pair has been create a triangle in the weekly time-frame and now it is ranging the supporting area around 0.65 to 0.55 cents.
If XRP broke out the weekly trend-line and triangle in the next days following targets are available : 0.77, 0.86, 0.92 cents
Ripple can exit from pennant, and then start to growHello traders, I want share with you my opinion about Ripple. Observing the chart, we can see that the price a few days ago price entered to upward channel, where it first declined to the support line, breaking the 0.5930 level, but soon rebounded back. After this, XRP reached the resistance line of the channel and then corrected, after which the price continued to move up to the 0.6400 resistance level, which coincided with the seller zone. But soon, Ripple rebounded from this level and fell to the support line of the channel, and then the price rebounded and made a strong upward impulse, higher than the 0.6400 level. Also, the price exited from the upward channel and later entered to the downward pennant, where it reached the resistance line and in a short time declined to the support level, which coincided with the support line of the pennant, breaking the 0.6400 level. Next, Ripple rebounded from this level and rose to the resistance level and tried to break it, but a not long time ago price rolled down to the support line. So, I think that Ripple can break the support line, thereby exiting from the pennant and falling a little more. After this, the price can start to move up to the resistance level. For this case, I set up my target at this level - 0.6400. Please share this idea with your friends and click Boost 🚀
HelenP. I Ripple can reach trend line and try to break itHi folks today I'm prepared for you Ripple analytics. Some days ago price rebounded from the 0.6000 support level and started to rise to the resistance level, but soon it corrected. After correction, Ripple rebounded from the support level again and made impulse up to 0.6550 resistance level, which coincided with the resistance zone. Soon, the price broke this level and reached a trend line, where it around down and later started to decline in wedge. Inside the wedge, Ripple broke the resistance level again and then declined to the support level, which this moment coincided with the support zone. After this, the price at once bounced and tried to rise, but failed and recently fell back to the support level. Also then, XRP rebounded from the 0.6000 level and now it trades close to the trend line. Possibly, Ripple can reach the trend line and try to break it. After the breakout, the price can retest the trend line and then continue to grow. That's why I set my target at the 0.6000 level. If you like my analytics you may support me with your like/comment ❤️
XRP Encountered a Strong ResistanceFollowing a significant surge, XRP encountered a strong resistance in the $0.660 price zone. At this juncture, sellers entered the market, leading to the loss of momentum by buyers (supporters of the upward trend). This development initiated a major downward trend, with the price falling below the $0.6150 support level.
Should the buyers manage to regain their strength and sustain above the $0.660 resistance level, there is a potential for a renewed uptick, moving the price towards the next resistance level at $0.710. The continuation of this upward trajectory could lead the price towards a higher resistance level of $0.750.
However, if XRP fails to breach the $0.625 resistance level, it could indicate the beginning of a new downward trend. In this scenario, the first significant support level lies in the $0.580 price area, where a breach could potentially lead to further declines in price as sellers gain control.
This analysis is for informational purposes only and should not be considered financial advice.
🌟🔍 Ripple's (XRP) Current Position in the Market 📈💧
🔺 XRP in an Ascending Channel: Ripple (XRP) is currently moving within an ascending channel in the weekly timeframe.
📉 Break of Long-Term Downtrend: About 260 days ago, XRP broke a long-term downtrend line, shifting its movement to a bullish trajectory.
🔻 Current Daily and Weekly Patterns: In the daily timeframe, XRP formed a lower high, and in the weekly timeframe, it failed to break the previous high and reach the channel's upper boundary.
🚩 Overall Outlook: These factors collectively are not strong indicators for an imminent bullish surge.
🛒 XRP Buying Strategies:
Wait for Entry in the Blue Box: The first strategy is to wait for XRP to enter the blue box around $0.53, looking for strong signs of support and an upward confirmation.
Entry Post $0.6738 Breakout: Alternatively, consider entering after XRP breaks through the $0.6738 level.
🔐 Holding Strategy for Existing XRP Holders: If you already own XRP, it's advisable to continue holding as long as the ascending channel remains intact.
🎯 Initial Target for Upward Movement: The first target in case of an upward trend is set at $0.8685.
🔑 Related Categories:
Ripple Trend Analysis
Channel Patterns
Entry and Exit Strategies
📣 What's your strategy for XRP in the current market scenario? Are you holding, waiting to buy, or exploring other options? Share your thoughts! 💬🌐 #XRPMarket #CryptoStrategy #TradeCityPro
📚 Remember: Cryptocurrency trading involves significant risk. Make sure to stay informed and manage your investments wisely! 🧠💼
📉 XRP'S QUICK FALL! TUNE IN! IMPORTANT 📉📉 Hi! Thanks for coming by as always! You already know what we're all about, gonna dive into things real quick and keep this shorts simple for you guys, I'm sure you all have more than enough going on likewise so let's get to what we need to know!
📉 Following up from my last post in which we pointed out some scenarios with the bearish scenario looking more likely as we we're last pointing on the fact that XRP was struggling to break 0.67 with low support from buyers amongst a mixed sentiment following a rather quick price hike over the week. The idea was ultimately finished with us putting down two points of support for 0.649 and 0.624 and if we take a look at our chart up above for the most recent data we can gather some quick data.
📉 I've added two number points with the 1 and 2 in the bubbles to point out the support point at 0.61, we can see how XRP plunged once it broke that 0.649 point below out horizontal level. That promptly sent the fall in perfect synchronicity to our 0.624 level. It's crazy, price went EXACTLY to the two support points I pointed out in the previous idea. Good to know our technical annotations are doing the job.
📉 Can see one of the major pushes here was the loss of the 200 EMA with us ultimately getting that mountain fall/exit out when we lost that 200 EMA in the quick sell-off most likely driven by a whale that wanted to see us break that 0.649 support. I've added a quick descending channel that did form which also contributed to the fall for analytical purposes. Ultimately this flash crash was likely the result of whales selling the news and possibly making money on some short positions as well, nothing unusual but now we simply watch for support.
📉 Watch 0.61 for that support though I see this being a much better point for support, we've also fallen quite a distance away from our 200 EMA so I wouldn't be shocked to see our chart start pulling back up to close the distance between the two soon enough but whether or not that happens will simply have to be seen. Leaving it at that for now but thanks for stopping by as always, really appreciate it and all the best till next.
~ Rock '
AMP providing good R:R for a 300-400% Bull Cycle Altcoin PumpAmp is an Ethereum token that aims to “collateralize payments on the Flexa Network, making them instant and secure.” If a BTC or ETH payment fails due to unconfirmed or long transaction times “the Amp collateral can instead be liquidated to cover losses” while the vendor receives payment in fiat, potentially providing greater assurances to both parties.
The Risk: Reward looks very good for bullish reversal out of the extreme bear channel.
Be disciplined and take profit whenever the Beta to Alpha pump has completed
🔥 EURUSD : this time BULL or BEAR ? (READ THE CAPTION)Based on the latest Euro/Dollar analysis, we can see that the price hit the 1.10000 target as expected, and after that, by collecting liquidity above this level, it faced a heavy fall and was able to fill the liquidity gap that we identified on the chart. tick and after that it has faced a slight increase in demand! If the price can maintain the support of the 1.06660 range, we will witness further growth of this currency pair, otherwise we have to wait for targets below 1.06560!
Please share your opinion about the possible trend of this chart with me and support us with your likes and comments.
Best Regards , Arman Shaban
XRP The road to 0.9I am showing you the road for XRP to reach 0.9. Trend flipped long again on daily tf (as per my system) and the 0.59 support is so strong that looks impossible to be broken. Target looks clear and possible to be reached soon, as soon as BTC will start dropping we will fly
💎 BTC: Bitcoin Will Reach $77,000 or $28,000 ? (READ Caption)With the new analysis of the Bitcoin chart in the weekly time frame, we see that the price, based on the analysis we had, finally managed to hit the target of $44,000 and even managed to record the price of $45,000! Based on my view on the chart, I have determined the important levels of supply, demand, possible targets, etc. that we will address! Currently, the price has reached the supply range of $44,290 to $48,300, as you can see, the initial reaction to this range was corrective! The first support in front of the price range is $35,630 to $38,430. If the price corrects to this range, we will expect an increase in demand! The next possible upward targets are $48,560 and $53,210, respectively, if the desired support is maintained, note that the price level of $53,210 is an important supply level that you can consider for the SELL position! The next mid-term targets are $57,700 and $62,300 respectively! If we want to look a bit more optimistic and long-term, the target of $77,000 will not be far from expectations! Note that this analysis was done in the weekly time frame!
Please share your opinion about the possible trend of this chart with me and support us with your likes and comments.
Best Regards , Arman Shaban
XRPUSDT Overall Wave AnalysisHello Traders
Base on Wave Analysis we see this scenario for #XRP. As technical show us something is gonna happen for Ripple and it will be crash to $0.15 from $1.00-1.20.
XRPUSD to move higher if breaks above falling wedge...GBPUSD
The price is currently above support/resistance structure, and price is currently attempting to break above the falling wedge, If price manages to break above the trendline I expect the price to move higher...
Trade Wisely
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
📜 XRP - The Next Ideal Location to BuyThe ultraTrend indicator has consistently identified a strong support zone in the past, and I'm inclined to trust it once again this time. It's proven reliability makes it a reliable tool for decision-making in the market.
