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Ripple

USD Surge and Risk-Off Moves: Factors Behind Cryptocurrency DownCryptocurrencies have seen some aggressive turndown lately, and there are a few reasons for a drop. 1.SpaceX Selling Bitcoins: Firstly, there was news last week that SpaceX, a company known for space exploration, had sold some of their Bitcoins. Since Bitcoin is a major cryptocurrency, any large sale by a well-known names, creates uncertainty in the market a especially when news is in connection with Elon Musk. 2. Risk-Off Moves and Strong USD: “Risk-off” moves refer to investors becoming more cautious and moving their investments away from riskier assets like stocks, and even cryptos and moving them into cash. So USD is recovering making cryptos weak which is not a surprise as US yields are still on the rise. 3. Ripple Case and SEC Appeal: The news about the Ripple case also contributed to the drop. The judge has decided to allow the SEC to appeal the case means there is still some uncertainty about how cryptocurrencies like XRP will be regulated. Ripple has seen some nice drop so far and erased all of the gains that were made in July after the announcement of a Ripple win over SEC. From a longer-term perspective, I think Ripple is moving into the attractive zone for a bounce, now after some “weak hands” are gone following an over-crowded and over-optimistic reaction back in July. All of these factors above combined create of instability in the cryptocurrency market, causing prices to decrease but when looking at the cryptocurrency total market cap, there can be some interesting support still for this year as we see wave C in progress; final leg of a contra-trend movement.
CRYPTOCAP:TOTAL
by ew-forecast
📈 Hi! Quick and Important XRP Analysis 📈📈 Thanks for joining ladies and gentlemen! Gonna keep this idea simple but important! So tune in, and thank you for joining me for a few minutes of your day. 📈 It's good to see that XRP has managed to pull up regaining that 200 EMA after what was some sideways trading with XRP managing to regain the 200 EMA for the 3rd time and get the confirmation traders needed once a higher high formed on the local. 📈 Yesterday's idea was on the fact that we'd exited that consolidation channel and wanted to keep out and above it which traders managed to execute. We did nearly fall back in once but no doubt some whale or big buyer bought in at that 0.514 mark to help us avoid falling back in. 📈 I've added a second consolidation channel on the 15 minute since we can identify as well how once that was broken we got the catalyst we needed breaking above 0.52 which ultimately helped with the pretty big rocket up. Like I said yesterday we'll have some bad weeks but just as we'll have some we'll also have good ones. Keep steadfast. 📈 Below is then a very important chart I'd like you guys to check out real quick, speaks for itself. 📈 I made things simple as possible adding the white text bubbles to annotate the support points and as my main bubble already explains, none of these lines I have are new. I haven't added a new horizontal level in what's probably been over a week or two and that was at the higher levels prior to our drop. And yet the chart is following so close to those horizontal lines still. 📈 Signifies that traders still have those lines marked and are watching them just as we are. For example right now the goal is to keep above 0.54192, if we fell below that the next support would be at 0.535 and so on. What matters is that XRP is still keeping a very close correlation to it's historical support and resistance levels. And just as that's possible for the ones down here, it'll be possible for the ones above and the ones on our longer timeframe's/ the big picture. It's basically positive news. 📈 With that being said I told you guys I would keep the idea short and important and so we'll leave it at that, with a big impulse wave wave up and a lower high on the local we'll likely bounce back down to that 0.53 point and search for support or find a new consolidation channel around here to test the waters again. I mean we can't deny that we had a pretty big move up quick and with that traders will be hesitant to buy and a lot more trigger happy with that sell but also not too sure of which way things could go being that bitcoin is leading the way. 📈 Basically it's anyone's game right now after a big move up like this, we want to avoid losing that 200 EMA of course but if we do lose it refer to the 15 minute, seems to be the biggest catalyst/confirmation for the market right now. 📈 That's it for today's idea, I've rambled enough but hope that helps out a bit, just wanted to give some quick thoughts and all. And as always any likes or follows are always appreciated, simply trying to do my best for you guys as always and fighting on. Thanks and have a great day. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
5
💥 The Craziest Week | XRP Important 💥💥 Well. It's been one of those weeks. I haven't gotten the chance to post yet with a lot going on personally but I'll keep this quick and summed up best as possible. 💥 Seems we got a perfect storm scenario and well, that storm struck pretty hard as I'm sure most of you are aware of/possibly reeling from. We had the S&P 500 fall for another consecutive week with the market full of red heat maps all around. 💥 For XRP the main news catalyst was the SEC announcing that it had asked a federal judge for permission to appeal the original Ripple ruling in which XRP was declared as a non-security. Such news originally had helped send XRP as well as the Crypto market sentiment up overall and with the judge having granted the SEC's motional to file an Interlocutory appeal against Ripple Labs now things have turned sour sentiment wise. 💥 It's important to note though that Ripple does have the option as well to file an opposition to the SEC's motion and regardless an appeal is usually a lengthy process that takes months sometimes even and till any new decision is made, XRP still stands as a security and there's no doubt they will continue to make way taking advantage of that right now as they continue forming partnerships and work behind the scenes. 💥 Ripple aside we had China's Evergrande Group file for Chapter 15 bankruptcy (foreign bankruptcy) which has helped send a lot of stocks/markets tumbling globally. This isn't too unexpected but still with most of the market, we know that the market like's to take news and simply go flying with it whichever way. That on top of the Fed Reserve noting they may raise hikes again and the 30 year mortgage rate being at it's highest since 2001 just hasn't made helped show anything positive. 💥 That aside we know now that basically what's going on is the fact that the news combined with market sentiment has just all formed one perfect storm to send everything tumbling down, XRP got hit hard with that 15% drop to 0.50 but so did the rest of the market too with Bitcoin leading the fall. Crypto we already know how swayed it can be, a couple of market whales sold in a more than likely planned sell-off and sold off their stakes in crypto/market. 💥 Even stocks we're logging double digit losses this week, it's been a crazy market sell-off week with crypto alone shaving nearly $1 trillion over the course of a few days kicking us into a 34 (Fear) on the Fear and Greed Index via CoinMarketCap. Something else to note for the drop has been liquidations. Liquidations made up the bulk of the fall of most cryptos. In just 24 hours alone on the 17th nearly $1 billion worth of liquidations with BTC leading at $472 million and ETH alone at $302 million. If you don't understand liquidations dm me or ask below and I'll post on it. But basically they help contribute to sell-offs very much with stop losses and margin calls all playing a part that usually leads to liquidations and these wild drops. www.coindesk.com 💥 We've seen this happen time and time again where whales will trigger these liquidations/bad sentiment and a ton of bad news seems to come out of seemingly nowhere. I mean less than 2 weeks ago the market was having a blast. And now it's like the place is on fire. But what matters is that we've seen this time and time again, just like things move down quick, they can move up just as quick. The money's simply flowing in and out like the tides but even so it's all crazy. Doesn't deter my faith in crypto at all but definitely can see how it's knocked out a lot of sentiment. 💥 One thing I like to say though. Like a smart man once said, "But it ain't about how hard you hit, it's about how hard you can get hit and keep moving forward. How much you can take and keep moving forward." ~ Rocky 💥 Don't let the news and sentiment kill your faith and spirit. As I continue to say, things will work out accordingly. And these falls have been thanks to the market itself sinking, so imagine what the heights will look like when the market rises itself and the money flows back in/we get back into the Bull market. Again I'm not a financial advisor but I just want to emphasize not giving up. The market's tough but I know that if your reading this, your way tougher. 💥 Ta wise below is our consolidation channel and the support at 0.50 which is understandable being it's a point of accumulation. We already touched that 0.45 with the wick extension and found immediate support there thus we're marking 0.45 as that last line of defense though the real defense so far has been at 0.50 with that seeming to be the entry point for many traders right now. Below is the 15 minute chart. 💥 I've added the consolidation channel in the yellow and should point out that as we come to fight with the 200 EMA, the main goal will be to regain that, BTC and XRP have failed time and time again since the peaks for both, failing to regain the 200 ultimately allowing us to fall like this with the market news as well contributing. If we can regain the 200 EMA it would be a nice boost and offer some more sentiment traders. Without any confirmations on regaining that 200 EMA for either the market traders seem real hesitant to enter which is reasonable. 💥Below is a quick 45 minute chart that doesn't have anything new aside from the annotation of the fall. As depicted, our chart and 200 EMA managed to exit from the MAIN diagonal resistance line though that was short lived as we ended up losing the 200 EMA again and fell back below the main resistance also triggering the sell-off. 💥 With that last bit done, I think I've made this idea a bit too long to call it a summary now, but it's been a wild week. Still though like I said my faith and belief is unwavering. We're gonna have days and weeks like this, but just like we'll have bad weeks, we'll have good weeks. Sorry for the length and all, just a lot I wanted to go over and with not having been able to post I just had to spill that out. Make sure you guys follow and leave a like or share, always helps me out even if it's just a simple click to me it's a simple gift. Thank you and all the best. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
7
HelenP. I Ripple can break support level and continue to fallHi folks today I'm prepared for you Ripple analytics. A few moments ago price fell to the trend line, and soon it declined to the resistance zone, which coincide with the 0.6600 resistance level, but later Ripple bounced up and some time traded there. After this price continue to decline and firstly fell to the 0.6600 level and later broke it. Then Ripple tried to back up, but after it reached the 0.6600 resistance level, it rebounded down and continue to fall to the next level, thereby breaking the trend line. And when Ripple fell to the 0.4930 support level, which coincide with the support zone, it first traded near it, but recently price bounced up and now trades higher. I expect that Ripple can rise to the trend line and then start to fall to the support level. Also, I think that price can break this level and continue to fall. For this reason, I set up my target at the 0.4450 level. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
4
XRP chart analysisXRP came to a zone that last time worked as resistance And also worked as support at the beginning of 2022 and in the middle of 2021 We see that the price has broken through 50 daily MA, but if you look at how we close the day ,with a big shadow, we can assume that in this zone there will be a buyer's interest that will keep the price We also see climactic volumes at the end of this drop on the 4H timeframe To confirm a positive scenario and a good price bounce, we need a return back above 50MA And will be even better, above the last descending high (0.666) In this case, the price has all chances to go back to the zone 0.85 -0.94 The nature of the price growth to this zone (strong growth or weak growth) will show how likely it is to see another impulse soon (at least to the zone 1.3-1.4) It is very important for the price not to fall below the 0.55-0.58 zone And everything above this can be considered a range-accumulation before the next impulse. Ideal if the price will accumulate above 0.7
Long
by razumcapital
2
RIPPLE - Price can decline a little more and then bounce upHi guys, this is my overview for Ripple, feel free to check it and write your feedback in comments👊 Recently price bounced from resistance area to support line and then at once started to decline to $0.6060 level. Also, Ripple broke $0.6600 level and later it tried to rise but failed and fell back to one more resistance area. But soon, price bounced and made strong impulse to $0.6600 resistance level, thereby breaking support line. Next price entered to falling channel, where Ripple in a short time declined to $0.6140 - 0.6060 resistance area. As well recently, price exited from channel, broke $0.6060 level, and now trades below and I think that Ripple can decline more. Then price can bounce up to $0.6220, thereby breaking $0.6060 resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
11
☔️ THINGS HAVE BEEN ROUGH. ☔️☔️ Today's idea won't be long, but thanks for joining nonetheless. And before I start just wanted to apologize over the fact that I haven't been able to post the past few days. I've barely been home and just been working these 12, 13 hour shifts some days even, not to mention my mental health just hasn't been the best. I've been mentally drained and going through a lot but that doesn't mean I'm ever gonna give up on you guys. Never. Even if I may be gone some days just know I'll be back. Especially for those of you that believe in me. ☔️ Today's idea is a bit tough in the least to say with XRP having been hit with a rather big sell off following Bitcoin's fall below that $29,3-400 mark after failing to break $30,000 again, and here's the chart for that below for a quick visual. ☔️ Chart speaks for itself and once that 200 EMA was lost what soon followed was an exit by what's likely been a couple institutional traders/ whales with the same happening with XRP as shown visually below as well. ☔️ The chart speaks for itself, I've added a couple new annotations and the consolidation channel is the same as the one from the last idea I posted, I simply extended it to the right but we can see how once we lost that consolidation channel and failed to regain it traders we're pretty quick to sell. ☔️ I'd already indicated in the last idea that if we fell below that 0.62-3 we'd likely get a sell off and that's exactly what's happened unfortunately though we know that it's not because of anything to do with XRP but rather the market having been dragged down by Bitcoin. ☔️ The drop looks a lot more dramatic for XRP but with XRP having a much lower market cap than Bitcoin it makes sense being that you need much less volume to get a bigger move with XRP vs BTC so I wouldn't stress over it too much. And below is the 1 minute chart. ☔️ Can see how even with the fall's that have been largely thanks to a couple whales/ stop loss orders being triggered, XRP still managed to keep above 0.59 showing that there's some support there in the least with a lot of buy volume hitting at that point thus it's still looking like a buying opportunity for some traders. ☔️ Personally I've bought some more XRP down here, especially at that 0.59 mark, no heavy buys but some buying in the least. I'm still buying with the intent to hold at least a year or so believing in the market, after all till Bitcoin breaks $30,000 and the ETF get's confirmed I won't think the bull run has started. ☔️ Not to mention with the SPX continuing to decline traders are for another consecutive day now the market sentiment just continues to be sluggish and bearish which has impacted crypto no doubt. Nonetheless I persist and I'll continue to believe in XRP and crypto. ☔️ Target is to keep above 0.59 in the least, we drop below that expect another big sell off but remember, this is thanks to Bitcoin that we've fallen, nothing to do with XRP. I've got confidence and my confidence continues to be steadfast as ever never waning. A couple cents isn't gonna matter to me when I'm looking at the future and utility years ahead. ☔️ I have to go but please remember I'm no financial advisor, just a humble guy that likes to share my ideas from time to time and help others make sense of the confusion and storm sometimes. And apologies again for the brief ghost, again stuff's just been rough but never means I'll give up on you guys, never. Thanks for tuning in and feel free to leave any likes and share, comment. Wishing all the best. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
5
Ripple can bounce down from buyer zone to 0.6000Hello traders, I want share with you my opinion about Ripple. Looking at the chart, we can see how the price a few moments ago bounced down from the support line of the downward channel and fell firstly to the 0.6850 resistance level, which coincides with the seller zone. Then price continue to decline, broke this level, and made a strong impulse down to 0.6285 current resistance level, thereby exiting from the downward channel. After this Ripple declined below the 0.6285 level to the buyer zone, and at once it tried to rise, but failed and declined to support line of pennant. Then the price rebounded and rose to the resistance level, but a not long time ago Ripple declined to the current resistance level and some time traded near this level. Also recently, the price exited from pennant and now it trades in the buyer zone near the 0.6285 resistance level. Probably Ripple can decline lower buyer zone, therefore I set up my target at the 0.6000 level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
6
💧 XRP STILL TREADING WATER 💧💧 Hi, thanks for joining today ladies and gentlemen, today's idea won't be too long but it'll be good so feel free to tune in. And sorry about that, just not doing the best today mentally so gonna keep this short. Thanks. 💧 XRP's still treading above our goal of 0.62 and I've added/encircled the three points demonstrating the support we've found and the wicks extension's with all managing to keep above 0.622 in the least. Below the 15 minute chart I've made for you guys on the local. 💧 The chart basically does the work for itself, I added 2 horizontal dotted trend lines alongside a box to outline the new consolidation channel XRP is within on the local which puts us in between 0.628 and 0.6345 roughly. We'll need another break to the upside to get any momentum back up but that's brought us right back to our foe being that solid diagonal line of resistance that most of you are already aware of, if you aren't check out my past few ideas. 💧 The goal is to continue to form support above 0.623 and form a sort of defense there upon which we can get a better shot at potentially breaking that diagonal resistance that's kept us down so long and hopefully get a breakout/ some form of movement back up. We already saw what happened last time we failed to break the channel and tumbled back down, we don't want that happening again so definitely set some alerts and add any markings to your own charts. 💧 That was it for today, just wanted to give you guys the channel and keep it short. Sorry it's not like my usual ideas but again just not really feeling myself today, even so I had to get an idea out for you guys, thank you and feel free to leave a like or follow, helps me out a ton. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
✏️ $GOLD : Important Weekly TA (READ THE CAPTION)By examining gold in the weekly time frame, we can see that the price after falling to $1893 was again accompaind with growth and was able to grow up to $1988! Pay attention that the range of $1977 to $2016 is a very important supply range! For this reason, in the last 3 weeks, the price is showing a negative reaction to this level! It is very important to determine the long-term trend of breaking or stabilizing above $1946! As long as the weekly candle closes above $1946, we can expect price growth! Otherwise, and the break of $1946 and stabilization of the price below it, we can expect a drop to $1934 as the first weekly bearish target! This analysis will be updated again! Don't Forghet To Push The Boost (Like) Button and Follow Me for more ! Best Regards , Arman Shaban
FOREXCOM:XAUUSDShort
by ArmanShabanTrading
75
HelenP. I Ripple can bounce from support zone and continue riseHi folks today I'm prepared for you Ripple analytics. Some days ago price declined to the 0.7145 resistance level, which coincide with the resistance zone, but at once it rebounded up and made a strong impulse up to the trend line. After the price reached the trend line, it started to decline and a few moments later, the Ripple fell to the resistance zone, thereby breaking the 0.7145 resistance level. Price tried to rise, but it failed, rebounded from the trend line, and continue to decline to the 0.6145 support level, which is located inside the support zone. Later Ripple bounced from the support level and started to rise. Also recently price broke the trend line, made a retest, and now trades near the support zone. I expect that Ripple can fall to the support level again and then rebound up, therefore I set up my target at the 0.6750 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
9
XRPUSDT Defies Gravity with 50% Growth Potential💎Following our previous analysis on #XRPUSDT, we can observe a significant development in the price action. The decline was halted at the uptrend trendline, coinciding remarkably with the Volume Profile support level. Notably, prior to this, there was a strong rejection of the 200 Simple Moving Average, establishing a crucial support level at $0.41. 💎As long as this support level remains defended by the bulls, and the Volume Profile support and uptrend trendline continue to be respected, the probability leans in favor of an uptrend continuation. Paradisers, it is essential to acknowledge that #XRPUSDT faces a formidable resistance near the $0.55 area. However, considering the aforementioned factors, the odds currently favor the bulls. 💎Taking all of this into consideration, we can anticipate a potential price increase of 30% to 50% for #Ripple in the coming weeks. It is worth noting that key resistance levels, as often observed, are based on Fibonacci retracement indicators. The nearest Fibonacci resistance level sits at 50%, while the second and most significant level is located at 61.8%. Intriguingly, if #XRP surpasses the 61.8% Fib level, we may witness an exponential price surge of 100% or more. 💎To summarize, a buying opportunity with a strong risk/reward ratio is apparent. However, it is important to consider factors such as multiple bounces off the supply area, which slightly diminish the probability of an uptrend. The MCP team remains vigilant, and #Ripple could potentially be one of the first coins to experience significant movement in the near future.
Long
by MyCryptoParadise
Revisiting XRPUSDT after our last bullish forecastIntroduction and Context: 💎Since our last analysis of #XRPUSDT, there's been a lot of speculation about the next moves for #Ripple. A month has passed since the pullback, and it's time to delve into the price action once more. Understanding Key Zones: 💎The previous supply zone around $0.6 has transitioned into a demand zone. This shift indicates that this area might attract buyers. Conversely, the supply near $0.9 has been staunchly defended by bears. This sets the stage for a trading range with support at $0.6 and resistance at $0.9. Fibonacci Insights: 💎The price has touched the 61.8% Fibonacci level, a common retracement point. This is significant as it often indicates potential future price movements. Trend Analysis: 💎The prevailing trend for #XRPUSDT is bullish, characterized by higher highs and higher lows. Given this trend, there's a higher likelihood that the price might ascend again, targeting the $0.9 supply zone. Potential Downward Movements: 💎If #XRP were to break below the demand zone, we could anticipate a drop towards the 88.6% Fibonacci support level at $0.47. This could be followed by a period of consolidation before any potential uptrend continuation. Bullish Outlook Invalidation: 💎A significant bearish indicator would be if the price breaks below the $0.41 support. This level is crucial as it's where #XRPUSDT previously bounced off both the uptrend trendline and the 200 Simple Moving Average. It also represents the previous lower low. Unless a new lower low is established, the outlook for #Ripple remains bullish.
Long
by MyCryptoParadise
⚡ XRP FALLS BACK BELOW. QUICK TA ⚡⚡ Thanks for joining me ladies and gentlemen, today's idea is gonna be pretty clear cut and quick so let's not waste any more time. ⚡ XRP fell back below the main diagonal resistance we added just a few days ago and tumbled back down like I said would most likely happen if we did end up falling below. While that hasn't been too great it's just the market doing it's thing and what matters is that XRP has managed to keep above that 0.62 threshold managing to hold the line in a sense. ⚡ And for anyone interested here's last night's chart I saved just before going to bed, this was nearly 12pm so overnight when trading volume dropped bears took the opportunity and sent us back down the diagonal with a semi-big sell order dropping things. ⚡ That was basically all that was needed and what immediately followed was the tumble back down with another big sell order/set of orders, stop loss orders, etc. Wasn't able to post at night since I was going to bed but wanted to at least save the chart and see what the progression would be in the morning which we now see as having found support above 0.62 thankfully. ⚡ We basically lost our duel again with our main foe here but at one point or another we're gonna beat the hell out of him and move on by, I don't doubt that. First of all though we need bitcoin to break back to $30k, Bitcoin made a push to it last night before failing and falling back to $29,300-400 level's as of currently dragging much of the market down with it. That alongside the SPX continuing to fall today and stocks moving rather sluggish signals to me that traders are sort of in a zone of hesitation, fear which is understandable. ⚡ I have to go attend to something personal but wanted to get this quick idea out in the least, target is to stay above 0.62 and there is no direction, just up is the hope but below 0.62 we likely fall more to 0.61 or 0.60. Feel free to set some alerts if you'd like ofc there. And as always feel free to leave a like and follow, never hurts and simply helps me out, thank you. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
xrp---> what happen after pump?!hello guys... I choose the weakly time frame to show you this detail! you can see the xrp break up the descending trendline and break out the rectangle, as you can see the target of the rectangle was 0.66 fibo level touched, so let me go another time frame! be with me! ______________________________ always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment
Long
by melikatrader94
49
WHERE WILL XRP GO? (1D)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ICP symbol. Although it went up very wildly, but it reached the red drawn resistance that I had specified, it was rejected. Now correcting for our diametric F wave. If it reaches the green zone, you can buy for the rising G wave For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
3
Ripple XRP price has not yet gained the "strength" next riseA bit of time has passed since the rapid rise in the XRPUSDT price and emotions have calmed down, so it's time to take a rational look at the chart. The previous XRP price increase was surprising only in terms of the time it took to work out, but not in terms of price targets. Looking at the XRPUSD price chart now, it seems that the correction of the previous growth is still too small. Accordingly, the correction should continue, and the price of Ripple should fall. After this paragraph, here going to get a lot of dissatisfied "XRP believers" :) So let's put it this way: with our personal money, we would be ready to buy some XRP for our investment portfolio no earlier than the price zone of $0.59-0.61. And after that, hold it and wait for the next x2 growth with a desire to sell it in the price range of $1.15-1.25 P.S: At this stage, we consider "wet dreams" about the price of XRP at $5-10-100 or even $300, to put it mildly, inappropriate. Because then Ripple's capitalization will be larger than BTC, the entire crypto market now, than the capitalization of gold, the US government debt, etc. Hopefully, you have caught the logic and critical thinking.) But if "somehow" the issue and supply of XRP coins is denominated 100 or even 1000 times, then miracles can happen) _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
45