🤺 XRP MEETS OUR FOE ONCE AGAIN! 🤺🤺 Quick but important idea! Thanks to everyone who tuned in yesterday as well, guys really showed out with the support so thank you for everything, happy to be here for you as always and without further a due ladies and gentlemen, let's chart.
🤺 For today's we'll use a spar emoji, fits appropriately considering XRP's managed to pull up to it's much anticipated fight/foe being that major diagonal resistance line that's held us back so much. Below is the 15 minute chart which is the same as yesterday for the most part aside from a quick annotation of the duel point and a clear view of what's in store.
🤺 XRP's managed to pull up the plane and hit some good height's but that's brought us to our foe which we added in yesterday's ideas the main resistance. That solid black line is our foe. It's what has basically been suppressing XRP prices the past few weeks and prevented us from regaining any solid ground.
🤺 This is the foe we need to beat if we want to continue up or with anything in any manner basically. Till we beat this, we'll keep having to fight and face selling. Consider this a pivot point, it may be diagonal but it still is. We already see how we managed to cross above before getting pulled down to where we've got that fight between the bulls and the bears.
🤺 Bears are trying to pull us back down below while bulls are fighting to keep us above the line as well as the 0.65 level. We're at a pretty pivotal level being that this is where our 0.65 horizontal level and main diagonal resistance lines both intersect and we already know how that can help contribute to a fall or breakout so definitely would set some alerts for 0.6485-9 and 0.653.
🤺 We could also end up sideways trading a bit or forming a new consolidation channel but with us being at the main resistance again something dramatic is most likely gonna have to happen, the last few times we failed to break the resistance we basically tumbled back down so if there's ever a point we want to fight it's here.
🤺 That's basically it today, we just want to keep above the support though that won't be as easy with Bitcoin pulling down some of the market after forming a double top on the local failing to break above and sustain $30,000 so that'll be a challenge for sure but XRP still being up where it is shows that the correlation between XRP and BTC is getting weaker which is great to be honest, doesn't mean it isn't still affected but goes to show XRP's got some strong grip in this battle.
🤺 Set those alerts and if you've already added the marks from yesterday's you should be set analytically. I have to go deal with some personal things but thanks for joining me as always, and remember I'm not financial advisor, just someone who I guess you could say likes looking at squiggly lines and drawing. Always do your due diligence and stay blessed. And feel free to leave any likes or follows, only takes a second and goes a long way with helping me out!
~ Rock '
Ripple
XRPUSDTXRPUSDT
Ripple, after winning the court, did not particularly show any movements. We had a quite logical and expected rollback down.
If the support of 0.5796 holds, then we will very likely see an increase to the levels of 0.8716 - 1.056 - 1.175
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🔥 XRP REGAINS THE LINE! AND MAIN RESISTANCE! 🔥 🔥 You guys thought I wasn't gonna post today? Sike! Of course I made it! After all, you guys have made it this far enough with me tuning in everyday so thanks for the continued support as always. And sorry for the delay, been busy cleaning the house and helping out the family today but that never stops us, happy to be here and thank you for joining.
🔥 This won't be a long idea anyway but it'll be a good one at least. In yesterday's idea we pointed out the resistance line that was holding XRP back/ we we're having trouble breaking and here's the link to yesterday's chart below for anyone that may have missed or want's to see the before/after.
🔥 The chart aside now I'm happy to see that believing did the trick in a way and we got this good bounce in the market today with Bitcoin regaining/touching that $30,000 mark again today which has been positive pulling up a lot of other crypto's with altcoins leading some of the biggest gains such as XRP notably extending to 0.647 on our 30 minute chart below:
🔥 On the 30 minute chart we should pay mind to that 0.649 mark now being that we've already hit resistance there and that was basically the point from which we had our most recent quick sell-off happen once we fell below 0.650 and the buttons just started hitting sell basically. So add that as a new horizontal level for the local in the least.
🔥 One more thing I want you guys to add is this new solid black line I've added to the chart. Meet our opponent. I don't have any specific name just yet but we'll just say it's an opponent in the least. We just saw how we've broken out from this recent diagonal resistance on the 30 minute but here's our main resistance. Consider the 30 minute our 50 or 100 day ema. And this resistance on the 3 hour chart much like our 200 EMA.
🔥 The 200 EMA line always has a much more significant effect when crossed above or below compared to the 100 or 50. The same goes here. This new mark is gonna be that significant catalyst/allow for a breakout if we can break past it. That or it'll continue to act as a resistance. I haven't done a big picture chart in a few days and thought this may help you guys a bit. Feel free to let me know your idea's below.
🔥 I have to get to some online classes so I'll see you guys later but feel free to leave a like and follow as always, only takes a second and really helps! Have a great day.
~ Rock '
XRP 4HR Analysis: Key Levels: .60 and .66 4HR 200 Moving AverageXRP is currently consolidating underneath a zone created by the BIG run up it had around July 13th.
Next we will make another push higher to and above .66 or get a clear rejection sometime soon down to under .60
Alerts set at .60 and .66
Once Triggered I will watch the 1HR timeframe to anticipate the next move.
RIPPLE - Price can break resistance line and continue to riseHi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊
Recently price traded inside flat, where it reached top part of flat and started to decline to resistance level.
When price fell to $0.6930 level, which coincide with resistance area, it bounced up, exited from flat, and entered to falling channel.
In channel Ripple broke $0.6930 resistance level and reached resistance line, after which, it bounced down to support level.
But recently it declined to support line and then bounced up to resistance line, where continues to trades now.
I think, that Ripple can decline to support line and then bounce up to $0.6500 level, thereby breaking resistance line.
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📈 XRP SUPPORT TA 📈📈 Nothing much today, just a quick and short idea, but thanks for joining as always ladies and gentlemen.
📈 XRP is still hovering just above that 0.61-0.60 level of support even amongst some rather strong selling though we have had a dip below 0.61 as represented by the chart below:
📈 We can attribute the dip to a large sell order before buyers bought that up pulling us back above 0.61 but with our 20/50 EMA's still not having flipped back definitely wasn't possible to keep that up momentum.
📈 Majority of this price action is thanks to Bitcoin, today's the first day we've seen bitcoin fall below $29,000 since it's run up in June so that's led to a big drop overall in crypto from eth to xrp of course.
📈 We're still seeing that support though above 0.60 overall though things are pretty stressful admittedly. We're just barely keeping above and with low volume right now things aren't exactly too great but I still believe.
📈 This alongside the news that Ripple has indeed joined the International Swaps and Derivatives Association (ISDA) which places XRP in a derivatives market that itself is valued as $1.2 quadrillion joining other major financial systems/ institutions ranging from Goldman Sachs to J.P. Morgan. The association is composed of over 1,000 institutions which span over 79 countries and sets benchmarks, guidelines for the global derivatives market.
📈 Ripple's position in ISDA will be of an associative type which typically involves entities that'll be of significance in the derivatives market infrastructures. Such includes entities that include solution providers, exchanges and technological solutions.
📈 Here's the link to one of the articles below:
timestabloid.com
📈 And here's another to the ISDA site and person of contact.
membership.isda.org
📈 Things are bumpy right now no doubt, but that's to be expected, we're not here anyway to look at the short term but the future. Future overall continues to get brighter as XRP continues to expand it's roots and form new partnerships. There's no target or direction, just the goal to keep above 0.60. Below 0.60 or below that 0.598 point and expect a possible sell-off.
📈 Before I end this, just want to say as always this isn't any financial advice, nor am I a financial advisor, please do your due diligence before making any trades or actions. And thank you for joining me today, appreciate you guys as always and feel free to leave any likes or follows, only takes but a second. Thank you.
~ Rock '
XRP: Bullish Pennant BreakoutRipple (XRP) technical analysis:
Trade setup : Following a breakout from a Descending Triangle, price spiked up massively to $0.92 resistance on favorable legal ruling. This level also acted as resistance way back in early 2022. However, it got very overbought (RSI > 80) and saw selling pressures from some profit taking. Price has consolidated in a Pennant pattern but broke out of it bearishly (below support), which could open up further downside to $0.55 support next. Fibonacci Retracement support levels are $0.70 (50%) and $0.56 (78%).
Pattern : Bullish Pennant – forms typically following a sharp advance, followed by a brief triangular shaped consolidation in price (a small change in direction), before the previous uptrend (bullish) typically resumes. The period of consolidation should have lower volume and the breakouts should occur on higher volume.
Trend : Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $0.55, then $0.45. The nearest Resistance Zone is $0.68 (previous support), then $0.92.
🔥 XRP Ultimate Game Plan For The Next Bull-RunIf you enjoy this analysis, please give it a like and a follow.
With XRP's lawsuit behind us, a lot of the bearish sentiment has been cleared. Still, it appears that this event had little staying power with the bulls, since XRP has given up around half the gains it made shortly after the SEC news.
Nevertheless, I'm long-term bullish on XRP. As seen on the chart, XRP is seemingly trading in a parallel channel. The top two resistance lines are direct copies of the bottom support line.
I'm going to wait for XRP to drop towards the bottom support, and ideally bounce from it. My target for the next bull-run is placed at 7$, stop just below the channel's support. This will give us a massive risk-reward of almost 110, which is a serious money maker if it plays out well.
Keep in mind we can hit the bottom support further away in time, which moves the entry up.
🔥 XRP WHAT'S UP? TA 🔥🔥 Apologies I wasn't able to post yesterday, been sick with the flu since yesterday and still am so just keeping today's idea short before I head back to sleep.
🔥 On our 15 minute chart below we can see that we we're managing when we exited that descending channel as I'd pointed out in my last idea but XRP ended up failing to recover/regain the 200 day moving average and as a result we promptly tumbled back down, before essentially dropping once we fall back within that descending channel as the chart clearly shows, we then exited below the descending channel and that led to moer selling before recovering just above 0.60 basically.
🔥 This isn't too concering considering the market overall has been a bit time following the downgrade of the U.S credit rating from AAA to AA+ on behalf of Fitch rating which cited rising political dysfunction as a cause for the downgrades following the debt ceiling standoffs that commonly occur thanks to party disagreements, political agendas that commonly plague these standoffs.
🔥 Generally when a debt issue has a credit rating downgraded such means that a higher interest rate will be applied to compensate for the higher risk of default that could be posed. That hasn't helped the market and a lot of stocks tumbled just before Friday's close representing caution/ possible fear.
🔥 That's likely contributed to XRP's fall alongside the loss of the 200 EMA on the hourly/ 3 hour which usually leads to dramatic falls so that's not unprecedented, just the market doing it's thing. Still confident with XRP above 60 cents but if it fails to find support and form a higher high on the local just expect prices to drop to 40 or 50 cents possibly with some traders taking profit.
🔥 There is still buying going on though, I checked coinbase a few minutes ago and for the trading activity in the past 24 hours, it's consisted of 98.3% buying with 1.7% selling. A clear insight into the fact that people are still buying and believe in XRP with 0.60 even looking like a discount for some. Personally I'll buy a few more XRP here but if we fall below 0.60 I'll definitely be looking to buy some more.
🔥 The chart doesn't look that great I understand but after such a big move like XRP's basic rocket up it's simply to be expected a retracement like this. Personally I didn't hope for a retracement to this extent but such also brings out some possible buying opportunities as coinbase clearly indicates for most.
🔥 I expect 0.60 to be our final stand with XRP. If we fall below it anyone's guess to be honest but more than likely 0.45-55 depending on how or who we're to sell if we fell below. This idea has extended far enough and I just wanted to get a couple facts out there for you guys. Sorry I can't give more, just feeling unwell so gonna go back to sleep, thanks for tuning in and feel free to leave a like or follow and all the best as always.
~ Rock '
Ripple can decline to support line of downward channelHello traders, I want share with you my opinion about Ripple. Observing the chart, we can see that the price some days ago made a downward impulse to 0.6800 current resistance level, thereby breaking the 0.7355 resistance level, which coincides with the seller zone. After this price bounced up and started to rise to the 0.7355 level, but after it reached this level, Ripple rebounded down and started to decline inside the downward channel. Inside the channel, the price broke the 0.6800 current resistance level, which coincides with the resistance area and fell to the support line of the channel. Also a not long time ago price rolled up of the support line and started to rise. And at the moment I think that Ripple can rise a little more and then continue to decline to support line of downward channel. For this reason, I set up my target at the 0.6000 level. Please share this idea with your friends and click Boost 🚀
XRP a bear flipping.If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
I have been posting more on my other accounts, tbh fyi.
XRP update.
Could not break
.6732
and respecting PF so looking lower for now.
.6732, bulls have to flip back.
.5507, is a must hold for me, yuge level, MO.
Waiting for an impulsive reaction at these level, not an all in limit buy for me.
⚡ XRP'S DESCENDING CHANNEL ⚡ ⚡ XRP has basically fallen into this descending channel and is now looking like it's finally exiting that downtrend thus we'll likely see some better movement as the market pushes back up following the rather tough week we've had here.
⚡ Here's the chart for that descending channel below with some annotations to keep simple.
⚡ Chat speaks for itself thoguh I've added something quick to help show the descending channel a bit better, this may interest some of you guys.
⚡ Show's the descending channel as well as some vital stuff. It's pretty simple, we wanna keep in the blue section and whenever we get into that red section we fall, you've got to admit it's pretty spot on but what I'm looking for now is an exit out from the blue channel. Great as it may be to be in the upper part of the channel we want to exit out and away. So keep watch for that as well as a possible reclaim of the 200 day moving average if we're lucky enough to get one soon.
⚡ Also showing some rather strong buying support down above 0.65 so buyers are still with us and all, not too bad overall and for target it's just to stay above 0.65 and break 0.66 to regain the 200. I have to go but wish everybody well as always, can feel free to leave a like or follow if you'd like, thank you regardless.
~ Rock '
HelenP. I Ripple can bounce to resistance level and try break itHi folks today I'm prepared for you Ripple analytics. Some days ago price made an impulse down to the 0.7255 resistance level, which is located inside the resistance zone. Then it bounced up and tried to rise, but failed and declined lower the 0.7255 resistance level, thereby breaking it and also entered to consolidation. Inside consolidation, Ripple declined to the 0.6745 resistance level, but after it reached this level, the price bounced and rose to the 0.7255 resistance level, where it traded some time and later declined back. After this movement, the price broke the 0.6745 resistance level and first fell to the 0.6745 - 0.6660 resistance zone, but it didn't fix and continued to decline. At the moment Ripple trades below this zone and I expect that price can a little declined more and then bounce up to the resistance level. After this price can make the correction and then continue to rise, thereby breaking the resistance level. For this case, I set up two targets, the first target at the 0.6745 resistance level and the second - at the 0.7000. If you like my analytics you may support me with your like/comment ❤️
💥 XRP SLIPS BELOW TEST, CONTINUED 💥💥 Thanks for joining in ladies and gentlemen, this is basically just gonna be a quick follow up, continuation from yesterday's idea henceforth the added on, continued to today's title.
💥In yesterday's idea we pointed out our target of crossing back above 0.688 and yet that failed to really come to fruition as we instead got resistance at 0.688 and reversed further with some more big sells sending us to 0.66 before finding what seems to be some support in the least. A lot of this can be attributed likely to the recent Fud from a judge's decision in refusing Terra's motion to dismiss the SEC's lawsuit against Terraform Labs even after XRP's decision from Torres.
💥Basically a New York US District Judge Jed Rakoff on Monday allowed the Securities and Exchange Commission to go forward with its case against Terraform Labs Pte and founder Do Kwon, while doing so, Rakoff said he rejected the distinction made in the Ripple case between public and institutional sales. Such has definitely diminished some moods but isn't really anything to be worried about. Like ripple's chief legal officer pointed out, the terra rulling has no impact on Judge Torres' classification of XRP as not a security so that's still gonna be solid as ever.
💥 Ripple already has expanded into other countries with easier UK, Europe, Singapore, Dubai and the Middle East, it's only a matter of time before we see what in store for the U.S, long run still positive as ever, though local we're still trading relatively sideways even after having falling out of our consolidation channel we have to admit price has done pretty well to keep up this high, long.
💥 Longer we can manage to keep above 0.65 the better things look at us regaining that 200 EMA, just like we can overextend in the uptrend, we can underextend in the downtrend: "Basically we get too far from the 200 EMA and have to rejoin it at one point or another" Whether or not that'll be sooner or later is up to the market and the goal that we keep above 0.66. Below 0.66 and we go into even further uncharted territory for the local likely extending further down to 0.56 or so.
💥 If XRP does come down to a point between 0.50-0.60 I'll be looking to possibly buy more, stack up. Sure XRP's had it's wild run up and it looks like we're losing that momentum and sinking and sure, but we already knew when the case was settled thing we're going to go up quick. What matters though is the reversal and how slow or quick it is. So far health wise, XRP has had a healthy retracement and such only gives us more room to the upside once we can regain that 200 EMA and XRP can start more of it's key projects in the U.S, especially now with the clarification on being a security or not.
💥 The gears on the clock are starting to move, and charts aside, I'm happy thinking about the big picture right now. No targets for today else than staying above 0.66, fall below and expect possible move to 0.56. I have to get going but woke up and wanted to get something out quick before I left, thanks for joining in and all the best, feel free to dm me any questions.
~ Rock '
💥 XRP SLIPS BELOW TEST 💥💥 Thanks for joining in ladies and gentlemen, this will be quick.
💥 With XRP having slipped below our horizontal test level at 0.688 we'll have to watch for support or at least some form of a push back up above that in hopes to regain that 200 EMA. Since we've lost it on the 1 hour timeframe we've failed to regain it forming lower high's on the local and ultimately sending us to where we are now.
💥 This is a pretty critical point of course being that we haven't been at this point since july 23rd though if past price action is anything to show more than likely we'll get a support and some sort of bounce back up like we did previously but if we can't sustain that then chances are we'll fall further though the hope is we avoid that of course.
💥 Just wanted to get that out quick for you guys, below is the 1 minute chart if that may help some more.
💥 Since this is only our second time down here basically since the run up expect stuff to be volatile and whales to possibly start making some trades with some exiting or some possibly entering buy positions if we get lucky enough for that support of course.
💥 I've got to go but wanted to get something out real quick, tomorrow's idea should be better and will allow me to dive in more on some stuff I've been meaning to so feel free to keep tuned and leave a like or follow for now, really helps and all the best till then!
~ Rock '
BTCUSDT H4Hi Guys hope you well.
As I said about the direction of movement in the daily time in the previous analysis, I expect such a movement in the 4-hour time frame, Box 30500 can be the last chance for sellers.
The analysis is in the high time frame and only shows the way. For trading, you must have your strategy in the short time.
SecondChanceCrypto
⏰ 2/August /23
⛔️DYOR
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 comments.
⚡ XRP QUICK AFTERNOON TA ⚡⚡ Alright just a lightning quick TA here for you guys, been a bit under the weather today and just woke up so wanted to get something out quick in the least, thanks for joining. Seems we had some quick impulse movements thanks to some big sell's as well as buy in's.
⚡ Honestly it feels like a bit of what happened earlier in the week which we theorized that it could have been caused by a whale or institutional trader buying and selling/exiting their position. That basically just sent us into a spiral down which extended below 0.688 but price managed to promptly pull us back up and away from our 0.688 level signaling another sign of support there.
⚡ My main focus has been on that 200 day moving average, thanks to the bullish run we've managed to regain that 200 which is a positive sign though the target now will be to stick above 0.699 or 0.70 basically and form another level of support again.
⚡ I've added two dotted black horizontal lines to help visualize things like those resistance points on the local such as the first which ultimately lead up to our reversal once we failed to break 0.72 and the second now possibly being at 0.704 though we'll likely manage to break above that but will want to see more support form and so on.
⚡ That's it for today's idea, again not feeling to great but I couldn't let you guys down! Had to get something out so hope that helps at least a bit, feel free to leave any likes or follows as always and thanks for the ongoing support everyone, really helps.
~ Rock '
🔴 $BTC : NEW Update , Bearish Move ? Well, as you can see, after the price correction, now Bitcoin is resting in the range of $29,400! To start falling again, the price must stabilize below $29730 and this is one of the most important conditions for falling again! You can monitor the price and if the price enters this area, enter the SELL position with the right trigger!
Last Update :
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🔥 XRP BREAKS OUT! & WELLS FARGO! 🔥 🔥 Some crazy stuff today! And an even crazier prediction! Without further a due let's dive into things and thanks for tuning in ladies and gentlemen! Thanks for everyone that tuned in with yesterday's idea, got some great support and comments which we're all appreciated, I'll keep it up as always!
🔥 Catalyst for the rather crazy jump has been the news which has been Shannon Thorp's twitter thread on XRP in which she detailed the utility and the driving price giving her own forecast of $100-500 within the next 4-7 months before offering her reasoning. For anyone who doesn't know, Shannon is the Treasury Manager for the banking giant Wells Fargo. Below is a link to the post she made regarding XRP, lot of great stuff!
twitter.com
🔥 Anyway that's a pretty wild development in itself, she even points out how she believes everything will happen with the flip of a switch even pointing out her belief that there's already been an evaluation for XRP, like gold with the governments controlling the next world of finance, in general some wild stuff but feel free to read for yourselves and comment below what you think, thoughts, I'd very much like to hear some comments, thank you.
🔥 I'll dive quick in on TA, TA wise we got a breakout from that consolidation channel so that's been nice to see, there's obviously gonna be some resistance at 0.72 being as that's where we originally fell from but the fact we we're able to get this push in itself is great to be honest, just another confirmation of some good support above 0.68. Here's a quick 1 minute chart below:
🔥 Chart does most of the speaking for itself, we broke above the 200 day moving average on the local most likely thanks to the twitter post gaining traction today with some articles coming out about it the past few hours so that's most likely been the good push that's helped us, we've needed. I'm not setting any targets or directions for today, biggest thing is we stay above 0.68 and 0.70 for the local. You already know I'm bullish on XRP overall in the long term. Don't like to focus on the local or stress about it so much, it's static compared to the real utility of XRP in itself.
🔥 Hopefully I've offered some helpful words and thoughts today, always like keeping you guys informed on new and interesting developments like this! After all, I like doing these ideas for you guys and will continue so on as long as I've got the support you guys stay pushing me up with, thank you in kind for it all. Feel free to leave any likes or follows, share, always helps out and comment below!
~ Rock '