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Ripple

HelenP. I Ripple can continue decline to $0.6000 support levelHi folks today I'm prepared for you Ripple analytics. After the price started to rise, it at the sort time reached 0.6600 resistance level, which coincided with the resistance zone and later broke it too. The price rose higher than the resistance zone and rose to the trend line, but soon XRP around down and made a strong impulse down to the 0.6000 support level, which coincided with the support zone, thereby breaking the 0.6600 level. After this, the price bounced from the support level and some days traded near, but also recently Ripple fell below the support zone and then in a short time rose to the trend line, making a fake breakout. As well soo, the price rebounded of this line and at the moment it trades very close. For my mind, Ripple will break the trend line, rise a little more, but then rebound down to the support level, breaking the trend line again. That's why I set up my target at the 0.6000 level. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
1
Ripple ($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.
Long
by DEXWireNews
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.
by MonoCoinSignal
🔥 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
FOREXCOM:XAUUSDShort
by ArmanShabanTrading
16
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❤️
Long
by WalterMoon
2
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 🚀
Long
by LegionQ8
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 ❤️
Long
by FirstNameHelen
1
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.
by MonoCoinSignal