XRP : Forever the Pump-and-Dump coin?Hi Traders, Investors and Speculators of Charts📈📉
The markets are trading in the red and XRPUSDT is currently trading right on top of the 0,50c support zone. Unfortunately no buyers are showing up on lower timeframes and the technical indicator flashes a clear SELL in the weekly, meaning more downside is to be expected.
More downside seems highly likely with 45c being the next immediate support zone.
It seems that the SEC victory-increase was short lived and that definitely does raise some concern for the fundamental arguments of XRP.
Unlike ETH and BTC, XRP has been unable to regain highs and consistently trades lower as if there is an endless supply of sellers. While there is persistent and obvious growth on other early giants like Bitcoin and Ethereum, XRP remains the "pump and dump" coin.
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CRYPTOCAP:XRP BINANCE:XRPUSDT BITSTAMP:XRPUSD
Ripple
XRP Shows 3 Rising Wedges - Time to Long!
XRP is showing not one, but three rising wedges that have the potential to skyrocket its price! This is a moment we've been eagerly waiting for, and I believe it's time to seize the moment and long XRP.
Now, let's dive into the details and explore why this opportunity is so thrilling. Rising wedges are a powerful bullish pattern that often indicates a forthcoming upward trend. XRP has formed not just one, but three of these patterns in recent days, which is a rare occurrence. This suggests a strong bullish sentiment building up among traders, making it an opportune time to consider a long position.
Each wedge indicates a higher low and a resistance level that is consistently being tested. This repetitive pattern signifies that buyers are becoming increasingly dominant and are likely to push XRP's price higher.
So, why should you consider long positions on XRP? Well, apart from these rising wedges, there are several other factors that make this an enticing opportunity. XRP has been gaining significant momentum lately, with positive news and partnerships driving its growth. Additionally, the overall market sentiment is turning bullish, and XRP has historically been known to outperform during such market conditions.
Now, here's the exciting part: I invite you to take advantage of this incredible opportunity and consider going long on XRP. However, as with any investment, it's essential to conduct your own thorough analysis and risk assessment before making any trading decisions. I encourage you to review the charts, analyze the indicators, and set your stop-loss and take-profit levels accordingly.
Remember, timing is crucial in the world of trading, and this moment seems ripe for a potential upward surge in XRP's price. So, don't miss out on the action! Keep a close eye on XRP's price movements and make an informed decision that aligns with your trading strategy.
If you have any questions or need further insights, feel free to comment below. I'm here to offer support and discuss any trading ideas you may have.
XRP : Short Term, Take EXTREME CAUTIONHi Traders, Investors and Speculators of Charts📈📉
As promised, a short term update on XRP. It's important to remember, the price action we're seeing on most altcoins right now is due to rotations between BTC and alts. More info on this topic here:
Again I think there are better buys in the market than XRP right now. Alts with way better setups.
Incase you missed the previous update, here's some really important notices from my side. Also hence why I'm advising caution when trading XRP, especially if you're trying to swing trade:
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XRP: Ascending Triangle BreakoutRipple (XRP) technical analysis:
Trade setup : Bullish breakout from Ascending Triangle pattern, above 200-day MA and $0.55 resistance, could signal resumption of uptrend with upside potential to $0.68.
Pattern : Ascending Triangle which is a continuation pattern (it typically breaks out in the direction of existing trend). Most traders wait for a breakout but Swing traders could trade between the trendlines (Buy at Support, Sell at Resistance) as long as the trendlines are still relatively far apart.
Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $0.45. The nearest Resistance Zone is $0.55, then $0.68, and $0.92.
XRP Triangle Formation Signals Potential Breakout!
XRP has been forming a triangle pattern, and all signs are pointing towards a potential breakout on the horizon. This is an opportunity you surely don't want to miss!
For those of you who may not be familiar with triangle patterns, let me quickly explain. Triangles are a common chart pattern characterized by converging trend lines that create a contracting price range. They often indicate a period of consolidation before a significant price movement occurs. In this case, XRP has been exhibiting this pattern, and history has shown us that such formations often precede powerful breakouts.
Now, why am I so excited about this? Well, fellow traders, XRP has been building up momentum, and with the triangle formation nearing its apex, we could witness a substantial price movement in the coming days or weeks. This presents an excellent opportunity to capitalize on potential profits!
So, what's the call to action here? Add XRP to your watchlist and be prepared to take action when the breakout occurs. Keep a close eye on the price as it approaches the apex of the triangle, and once it breaks out decisively above the upper trend line, consider entering a position. Of course, please remember to perform your own analysis and risk management before making any trading decisions.
The potential for a breakout in XRP is undeniably exciting, and it's crucial to position ourselves strategically to maximize our gains. By staying vigilant and ready to act, we can seize this opportunity and potentially ride the wave of XRP's upward momentum.
Remember, timing is key in the trading world, and being prepared ahead of time can make all the difference. So, let's gear up, fellow traders, and get ready to take action when the XRP breakout occurs
XRP is above the 200 d.m.a. on the weekly chart.XRP is now above the 200 day moving average on the weekly chart which is a good sign. It's not a guarantee that XRP price will rise, but if you take into account other factors, it can make it easier to time out trades.
At this point I think that HODLing long term is the best play. The dollar, and most currencies around the world are losing value rapidly, and we may soon start to see the obvious tell-tale signs on hyperinflation.
XRP - IT'S THAT SIMPLE - CryptoManiac101XRP / USD TA
The XRP/USD chart reveals a distinctive pattern over the past decade. Initially, from 2014 to early 2017, XRP underwent a prolonged consolidation, marked by a descending triangle. Contrary to typical bearish expectations from this formation, 2017 witnessed a robust upward rally, peaking around 2018, reflecting the broader cryptocurrency boom of that period. Following this surge, there was a corrective phase, with the price oscillating within another descending triangle until end of 2023.
As we approach the end of 2023 and transition into 2024, the price action indicates a strong bullish momentum, represented by the sharp upward spike. This suggests heightened market confidence or possible positive catalysts impacting XRP's perceived value. The breakout from such a long-term consolidation pattern can signal a significant trend change, implying that the upcoming November/December of 2023 and Q1 of 2024 period may see sustained bullish movement or heightened volatility as the market assesses and repositions its stance on XRP's value and potential.
XRP will easily see a 20% to 25% gain from current levels.XRP has been on a tear this past week, and there's no sign of it stopping anytime soon! I think we will easily see XRP gain 20% to 25% in short order. I think there's a good chance that price will hit the bottom trend line of the developing wedge pattern first, but it also may not. Watch the top trend line as your key indicator, and adjust it as needed to help predict the next move up according to your trading ideals.
Good luck!
What can we expect on Monday?What can we see on Monday?
I think 2 options can still happen.
1 - Since we have 2 top, it means that we can see a bearish. And I think that the target would be at $0.48
but there is another option that seems more likely to happen to me
2 - We have a bullish pennant. And we can expect XRP to rise to $0.58
What do you think we can expect when the markets open on Monday?
!? PAMP IT !? BTC XRP TOTALMARKETCAP YA YEET!!PAMP IT PLZ SIR TY
BTCUSD XRPUSD TOTALMARKETCAP
LONG TERM HODL DIAMOND HANDS TO THE MOON NFT CRYPTO HYPE YEEYEE MERICA
Hopefully looking at this in the future the market cap is above 3 Trillion dollars. That would be pretty cool. If not, it would be cool if everything collapsed, and we could buy all the projects with the most utility at lower prices.
SO pretty much its a win win. Either long term these dopamine triggering assets are going to continue to $3 Trillion+, and we are going to make some more of that inflationary fiat currency. Or we go down and use some of our inflationary fiat holdings to re-accumulate some assets that have LONG TERM UTILITY. Assets that are going to be here for the long run, with a ton of regulatory clarity, partnerships with governments, central banks, and that can create a level playing field for the global economy.
This is NOT financial advice. I am only monitoring these markets because they are so juicy right now.
🔥 XRP GAINS MORE GROUND 🔥🔥 Hope you guys are doing well today, I appreciate you ladies and gentlemen taking the time to stop by, means a lot.
🔥 XRP's gained more ground having exited from our horizontal channel to the upside forming some higher ground and a higher high having pulled us up to that 0.53 level. I'll be watching here to see whether or not we can form a higher high or if this will be our next ceiling/point of resistance.
🔥 I expect that 0.531 level to be a bit of a blockade for us no doubt, it's good to see how these horizontal levels have basically done pretty well to keep us up to date with those support and resistance levels having done the job pretty accurately. Alongside that we look to our EMA's and can identify how we've continued to gain having avoided losing that 200 EMA on the 30 minute timeframe with our 20/50 EMA's doing the job still.
🔥 I'm waiting to see when the next pullback in but I'd set some alerts for 0.525 and 0.514 in case we reverse down to that point and get into a price war as that 200 EMA will no doubt catch up to us at one point or another so when that comes to fruition I'll be sure to keep an eye on price action. Below is also the main chart with the ascending channel having been added.
🔥 That ascending channel is what's holding us up right now but once we exit that channel I expect things to lose momentum and start the retracement. I have to go but hope that's alright, just wanted to share something quick to keep you guys posted. Thanks and all the best as always, thanks for the continued likes and support.
~ Rock '
you want to be looking at $xrp herexrp is currently hovering above a mega support block that has been a floor for over 5 years, in every previous wave so far (bullish or bearish) the most traded volume has occurred in the 0.10c-0.40c range creating a high volume node and the point of control for all xrp sales and purchases.
when the coin finally breaks the yellow diagonal and reclaims the highest monthly close price thus far, xrp will moon.
Ripple's Resilience and Ambition: An In-Depth Look at XRP's caseOver the past few weeks, Ripple, the company behind the native token XRP, has been making waves in the cryptocurrency landscape. The convergence of several key developments has provided a bullish momentum for the company, strengthening its position and offerings in the digital asset arena. This article aims to dissect these significant developments and their potential ramifications.
1. Ripple Acquires Metaco: Expanding its Digital Asset Custody Capabilities
In a strategic move that underscores its commitment to growth and innovation in the digital asset space, Ripple acquired Swiss custody startup, Metaco for $250 million. Renowned for its secure digital asset management expertise across various applications, including blockchain technology, Metaco's incorporation into Ripple's operations promises to enrich its product offerings. This acquisition positions Ripple as an even more attractive option to financial institutions and individual users seeking comprehensive solutions for digital asset management.
2. Ripple Acquires Minority Stake in Bitstamp
Ripple has recently acquired a minority stake in Bitstamp, one of the oldest cryptocurrency exchanges, previously owned by Pantera Capital. The specifics of the transaction remain undisclosed, but the move reflects Ripple's intent to expand its global presence and diversify beyond payments. This strategic investment strengthens Ripple's long-standing relationship with Bitstamp, which has served as a gateway for Ripple's XRP token.
3. Ripple Unveils Its Central Bank Digital Currency (CBDC) Platform
As countries worldwide show heightened interest in developing their digital currencies, Ripple has launched a dedicated platform for Central Bank Digital Currencies (CBDCs). This innovative platform, built on a new private ledger that harnesses the power of the XRP Ledger, offers an end-to-end solution to central banks, governments, and financial institutions seeking to issue and manage their digital currencies. Ripple's CBDC Platform brings several advantages: ledger technology, issuer, operator, and end-user wallets are all part of the package. This comprehensive solution simplifies issuing and managing digital currencies, positioning Ripple as a critical partner for institutions venturing into CBDCs.
4. Ripple Unveils Its Central Bank Digital Currency (CBDC) Platformament to Ripple's Technological Prowess
Ripple's commitment to the CBDC space has been further reinforced with its inclusion in the Hong Kong e-HKD Pilot Program. As the only representative from the crypto sector, Ripple will leverage its extensive knowledge and experience in the settlement of tokenized assets. This involvement validates Ripple's technological capabilities and provides a real-world testing ground for its CBDC platform, potentially paving the way for future partnerships with central banks and governments.
5. SEC Court Rulings Favor Ripple: A Potential Game Changer
Recent court rulings have increasingly favored Ripple in the ongoing legal dispute between Ripple and the SEC, possibly setting a precedent for future cryptocurrency regulations. Central to the case is the Hinman letter, named after former SEC official William Hinman, who suggested in a 2018 speech that Ethereum should not be classified as a security. Ripple has sought public access to related internal SEC documents, believing they could support their defense that XRP, like Ethereum, isn't a security. On May 16, 2023, the court ordered these documents to be unsealed by June 13, 2023. Ripple's legal commitment, demonstrated by its projected $200 million in legal expenditures and recent victories and contradictions in SEC statements, may bolster its case that XRP is a digital currency, not a security. Despite the uncertainty surrounding the case's outcome, a win for Ripple could have far-reaching implications for the cryptocurrency industry. It could help solidify XRP's legal status in the US market.
Summary and price action
Ripple has proven its resilience and ambition through strategic initiatives, court victories, and partnerships. These developments, from acquiring Metaco and launching a CBDC platform to winning key court rulings and participating in Hong Kong's e-HKD Pilot Program, illustrate Ripple's potential to shape the future of digital currencies. The recent acquisition of a stake in Bitstamp further highlights Ripple's commitment to expanding its influence in the global cryptocurrency space. With these recent developments, Ripple strategically positions itself at the forefront of the rapidly evolving digital asset industry.
XRP has outperformed the entire market since the November 2021 peak, as it was one of the few tokens/coins that hadn't pumped much compared to the rest. In November 2020, XRP got hit by the SEC lawsuit and was delisted by all US exchanges, while most other coins remained on these platforms. Now Ripple is close to potentially even winning its case against the SEC, with some essential information coming out today, while the rest of the market is just starting to deal with the SEC. As seen by XRPUSD and XRPBTC, it looks like the chart is a massive accumulation base that is ready to explode higher. It seems like the market knows something and is anticipating a positive outcome from the court case. The SEC may lose many of its issues (against Ripple, Grayscale, and Coinbase), and these could boost the market massively. So even if Ripple loses this case, more fights could turn things around for XRP and the entire crypto market. Again, as XRP doesn't have to deal with delistings and is ahead of the curve, it is less risky than other coins/tokens, which might have a different fate.
XRP Pumping 10% as SEC Drops Charges!XRP has surged a whopping 10% as the Securities and Exchange Commission (SEC) drops its legal charges against Ripple Labs. It's time to rejoice and seize this golden opportunity!
🚀 XRP Rockets to New Heights! 🚀
The recent development in the Ripple vs. SEC case has sent shockwaves throughout the crypto community. With the SEC's charges dropped, a renewed sense of optimism and confidence has flooded the XRP market. As a result, XRP has skyrocketed by an impressive 10%, and the momentum shows no signs of slowing down.
💰 Time to Long XRP: Embrace the Bullish Wave! 💰
Are you ready to ride this bullish wave and capitalize on the XRP pump? This is the perfect moment to consider longing XRP, as the market sentiment is overwhelmingly positive. With the legal shadow lifted, Ripple Labs can now focus on expanding its innovative solutions, potentially driving XRP's value even higher.
📈 Seize the Opportunity: Take Action Now! 📈
Don't miss out on this incredible chance to maximize your gains. It's time to take action and long XRP! Here's what you can do to make the most of this exciting situation:
1. Conduct thorough research: Dive into the latest news, market analysis, and expert opinions to gain a comprehensive understanding of the current XRP landscape.
2. Set your trading strategy: Define your entry and exit points, establish stop-loss orders, and determine your risk tolerance to ensure a well-informed and calculated approach.
3. Choose a reliable platform: Select a trustworthy cryptocurrency exchange that offers seamless trading experiences, robust security measures, and competitive fees.
4. Stay updated: Keep a close eye on XRP's price movements, market trends, and any potential catalysts that may impact its value. Stay informed to make timely decisions.
Remember, trading involves risks, and it's essential to exercise caution and make informed decisions based on your individual circumstances. The recent developments in the Ripple vs. SEC case present an exciting opportunity, but always ensure you are comfortable with the potential outcomes.
✨ Embrace the Ripple Effect: Let's Ride the Bullish Wave! ✨
Join us in celebrating this significant milestone for XRP and Ripple Labs. The positive sentiment surrounding XRP is contagious, and together, we can ride this bullish wave to new heights. Long XRP and make the most of this incredible opportunity!
☄️ SEC DROPS CHARGES! XRP ☄️☄️ Thanks for stopping by this shouldn't take long but is very good to hear.
☄️ Crazy to see how long we we're stuck sideways trading between 0.479 and 0.492 before getting that breakout with this news of the SEC announcing that the SEC will indeed seek to dismiss all claims against Ripple's CEO who is Brad Garlinghouse and it's executive chair Chris Larsen. Something to point out is that the filing doesn't state the SEC is dropping the main civil case against Ripple, just dismissing it's claims against Brad and Chris which in itself is still a huge win.
☄️ With the SEC's other cases against high profile figures in the crypto space, to see a dismissal in itself for Brad and Chris is a great victory for XRP proving even more that the lawsuit was unjust.
☄️ I don't need to do much TA today, after all, most of this move up has been thanks to the news and that's been what has sent us straight up breaking our horizontal levels, pulling us up to that 0.526 level where we already know we'll have some big resistance, especially considering the last time we we're up here was prior to our big fall.
☄️ After an impulsive move like this I wouldn't be surprised to see some healthy retracement, especially as we've overextended away from that 200 EMA granted we've regained the 200 which is great but we've distanced ourselves from it so naturally wouldn't be to surprised to see trading acting try and pull us back closer to that 200 EMA.
☄️ The rest of the market has followed XRP with Bitcoin and other crypto's marking some nice positive gains for the week with news of a possible Bitcoin ETF being on the horizon, such in itself would create a huge opportunity for crypto of course to expand and become more ingrained in the financial world as it already is doing day by day like Ripple continues to do.
☄️ TA Wise I'm watching for resistance below 0.52 and support above 0.514. That is basically the make or break it for the levels, below 0.514 and we'll likely retrace back a while but a break above 0.52-6 could put us in a position to regain even more of a percent though all in all, it's good to see XRP regain it's ground. We already figured in the past idea that what was gonna send us up would most likely be the news so least we've got that down, what happens next will be up to the market makers and what sentiment is like up here.
☄️ I'm expecting some retracement as that's usually what happens after a big jump like this, I could be wrong but just my thought given past price action. Set some alerts for those horizontal levels if you'd like but if I may offer a cheers. It's good to see XRP continue to win both outside the legal system and within as they continue to push with their mission to bring XRP to the world's financial system.
☄️ Gotta go to the gym so I'm leaving this idea here for now but thanks for stopping by, really appreciate it and let me know thoughts on the dismissal, I've linked the article below for anyone interested. Thanks and have a great day, feel free to leave any likes or follows.
~ Rock '
cointelegraph.com
XRP 6.62% Growth (SEC Drops Lawsuit)!XRP has gained 6.62% growth within the last 24 hours, on the back of good news that the SEC (Securities Exchange Commission) drops their lawsuit against two Ripple Labs executives. The original charge claimed that the blockchain company violated U.S. security laws by selling unregistered securities. The SEC is now taking back that claim.
From a technical stance, this should give XRP buyers the opportunity to take out the previous, pending liquidity sitting at $0.55 which is another 5.90% growth from current market price.