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Ripplebreakout

Ripple price prepares for a 62% move Ripple is set to fight another class-action lawsuit filed by a Florida resident for losing nearly half of investment in XRP. XRP is on verge of a breakout to $0.45 if the impact of a symmetrical triangle comes to fruition. A resident of Florida has opened a class action case against Ripple Labs Inc. for losing an investment made in XRP. The individual who filed the case had made a relatively small investment in the digital asset, of around $100 in 2020. However, the value of his XRP plummeted by almost 50% a few weeks later. Tyler Toomey bought precisely 135 XRP in November 2020 amid the cryptocurrency rally that started around October. However, his investment took a turn to the south, where he lost roughly $48.50 of the original investment. He argues that he made the case on behalf of other investors, residents of Florida who put money in XRP. He alleges that Ripple and its executives profited from the sale of unregistered securities but many investors like him were left languishing in losses. In December the Securities and Exchange Commission (SEC) filed a case against Ripple Labs Inc. and its top executives for selling unregistered securities to investors in the United States. The lawsuit saw XRP tumble to a low of $0.17 from highs of $0.6. Ripple poised for a 62% move XRP has been stuck in consolidation following the recovery from the dip in December. Its upside has been capped under $0.3. On the downside, Ripple continues to struggle to sustain the price above $0.25. However, the daily chart brings to light the formation of a symmetrical triangle. This pattern is known to either lead to a breakout or a breakdown. Breakouts occur when the price trades above the upper trendline. On the flip side, a breakdown comes into the picture when the price loses support at the lower trendline. Symmetrical triangles have exact targets during the breakouts or breakdown, measured from the highest to the lowest point of the patterns. For instance, XRP may rally 62% to $0.45 if XRP validates the upward momentum on trading above the 200 SMA. On the other hand, a 62% downswing to $0.087 will come into the picture in the case of a breakdown. Ripple intraday levels Spot rate: $0.252 Relative change: 0.0003 Percentage change: 0.13% Trend: Bullish Volatility: Low
BINANCE:XRPUSDLong
by CoinGape
3
Ripple Price Nurtures A Potential 63% Breakout To $0.5 Ripple stuck in consolidation while waiting for a breakout to $0.5. The immediate upside is limited by the 200 SMA and the stubborn hurdle at $0.3. XRP’s expected uptrend may fail to occur if the price drops under the symmetrical triangle. Ripple has for a long time been in consolidation following the massive breakdown in December. The extensive freefall came after the United States Securities and Exchange Commission filed a case against Ripple Labs Inc., for selling unregistered security tokens. Ripple eyes a breakout to $0.5 At the time of writing, XRP is doddering at $0.279 in the wake of a minor recovery from last week’s slump to $0.25. Slightly above the current price levels the 200 Simple Moving Average on the 4-hour chart caps movement. For now, the odds impulse is in favor of the bulls as reinforced by the Relative Strength Index. A break above the midline will encourage more buyers to join the market. If enough volume is created behind Ripple, we are likely to see a breakout above the symmetrical triangle. Note that the symmetrical triangle is created by two trendlines connecting a series of lower highs and higher lows. The trendlines converge at a relatively equal point called an apex. Simultaneously, a breakout above the upper trendline line results in a significant upswing while trading below the triangle culminates in extensive losses. Breakouts or breakdowns from symmetrical triangles have an exact target, measured from the highest to the lowest of the pattern. Thus, XRP could soar to $0.5 if the price spikes above the triangle. However, the 50 SMA and the 100 SMA may absorb the buying pressure. XRP also needs to overcome the resistance at $0.3 to sustain the uptrend. On the flip side, losses under the triangle would result in losses as low as $0.087. Other areas of support to keep in mind include $0.25, $0.20, and $0.17.
BINANCE:XRPUSDLong
by CoinGape
2
Ripple price prepares for a 47% explosion Ripple reclaims two key support levels at $0.25 and $0.27. XRP/USD is awaiting a massive liftoff on breaking above symmetrical triangle resistance. Ripple fell victim to the selling pressure in the cryptocurrency market on Thursday. Like Bitcoin and Ethereum, XRP lost a significant amount of the gains accrued over the last couple of weeks. Moreover, vital support levels like the 200 Simple Moving Average and $0.25 were lost during the freefall. However, Ripple has begun looking bullish again after reclaiming ground above $0.27. On the upside, bulls focus on regaining the lost position above the 200 SMA, but the most significant milestone will be to step and settle above $0.3. The bullish outlook will be validated if XRP fights for a breakout above the symmetrical triangle pattern on the 4-hour chart. This pattern is created by drawing two converging trendlines to connect a series of sequential peaks and troughs. Usually, the trendlines meet at a relatively equal point referred to as an apex. Breakout or a breakdown is expected from this pattern. Breakouts occur when the price lifts above the upper trendline, while a breakdown happens on sliding under the lower trendline. The price target for either a breakout or a breakdown is measured from the highest to the triangle's lowest point. Therefore, if XRP spikes the triangle on the daily chart, we will likely witness a 47% upswing to $0.445. It is worth mentioning that the breakout might fail to occur if the hurdle at the 200 SMA remains unshaken. The triangle could as well result in an opposite and equal move to $0.14. For now, consolidation and holding above support at $0.27 is key to the uptrend.
BINANCE:XRPUSDLong
by CoinGape
1
Ripple price long-term picture screams buy despite SEC woes Ripple gets ready for a huge liftoff despite the uncertainty posed by the SEC lawsuit. XRP is about to break a symmetrical triangle resistance, likely to give way for gains toward $0.48. Ripple is still trading under $0.3 despite the massive bullish signals as covered on Monday. Whales are currently streaming into the project mainly due to the prevailing low price and the improving technical picture. The cross-border transfer token was dealt a massive blow after the United States Securities and Exchange Commission (SEC) filed a lawsuit against the issuing company, Ripple Labs Inc., and its top executives. The lawsuit aims to find Ripple guilty of breaching the Securities Act by selling unregistered tokens. XRP tumbled massively following the lawsuit and has spent the last four weeks fighting for recovery. At the time of writing, XRP is trading at $0.29 while battling the uphill battle at $0.3. The 4-hour XRP/USD chart shows that the price has stepped above the 100 Simple Moving Average and the 50 SMA, which is a huge move for the token. Moreover, a symmetrical triangle pattern has come into the picture, suggesting that the expected breakout above $0.3 will be so massive that XRP may rally to $0.48. Symmetrical triangle breakouts have precise targets measured from the highest to the lowest price points within the pattern. The distance found is then added to the breakout point. Meanwhile, the Moving Average Convergence Divergence or MACD adds credibility to the improving uptrend. The indicator follows the trend of an asset and is used to show the strength of the momentum. As the MACD crosses into the positive territory, Ripple gets ready for the massive liftoff. Note that a breakdown from the triangle pattern would be of the same magnitude as the breakout to $0.48. Therefore, some of the critical support levels at 100 SMA, $0.28, and $0.27 must hold to avoid potentially massive declines. Ripple intraday levels Spot rate: $0.29 Percentage change: 2.5% Relative change: 0.08 Trend: Bullish Volatility: Growing
COINBASE:XRPUSDLong
by CoinGape
2
XRP and SEC ⚖️ - Could be a good thing 👋😺You guys asked for a video , so here it is: SEC's new president, who he is, what he likes (he definitely likes Bitcoin) and what could happen. In this video I share some info from my research on SEC's new president Mr Gary Gensler - link for those who have time to burn on Mr Burns XRP is a security Airdrops don't get you off the hook , maybe he is the guy who get's RIPPLE off the hook..who knows? ps. I am buying some Ripple again. Last time it went well. ps2. Gary Gensler can not invite Satoshi to 'regulate his ass' but he can call Ripple (and others) which again, could be a Great thing.. or could it be the contrary? Money talks guys, it's a good thing. Interests tend to meet each other's requirements.
BITSTAMP:XRPUSDLong
by FX_Professor
5
XRP- The best scenario looking forwardNow that the 'Ripple frenzy' is more quiet, it is time to have this chat. What is the very BEST scenario for Ripple (and it's XRP coin) I know a lot of you went into Ripple just a few months ago, following the news, propaganda, YouTube videos , newsletters, or just friends' advice to get into the 'next bitcoin', the 'best crypto' etc etc A lot of you might went in for a short term investment, or trade. Then everything happened, airdrop, SEC, Ripple dropped at the 0,76 roof as i had predicted (I am not a psychic, it was just technical analysis) Well guys, you did not make a bad call. What might appear as a 'bad call' can always turn out being the right one. If of course you manage to have the patience (and margin) to wait. BEST SCENARIO FOR RIPPLE (XRP): Since it is different from Bitcoin and almost all the rest, the best way forward is to go PUBLIC and fly. Imagine Ripple traded on SP500 or Nasdaq in a few years. Possible? Well, everything is possible. First the SEC situation must be resolved, it appears to be the big problem now and it is but at the same time it could be a key good factor for the future. Ripple boss Brad Garlinghouse did announce plans to take the company public, at Davos in mid 2020. So the idea is there. ps. We can NOT cross out Ripple completely. After all is very different from Bitcoin and that at some point might be a major advantage. Ripple is a 'brand' and potentially it could a be a brand destined for much higher flights.
BITSTAMP:XRPUSD
by FX_Professor
19
XRP price prepares for a massive liftoff Ripple is planning to roll out XRP Ledger to central banks in support of CBDCs. XRP seems ready to break out beyond $0.4 following the formation of a falling wedge pattern. XRP price has been generally been stable over the last few days despite the drop to $0.25 which occurred mainly due to Bitcoin’s fall to $30,000. Meanwhile, recovery has been gradual with the crucial barrier at $0.3 limiting price movements. At the time of writing, XRP is trading at $0.288 while fighting to hold the immediate support at the 50 Simple Moving Average on the 4-hour chart. Price action above this moving average is likely to culminate in two massive movements: regaining the ground above $0.3 and breaking past the falling wedge pattern. The bullish outlook forms when an asset's price descends with a series of lower highs and lows while converging at a single point referred to as the apex. A breakout usually occurs before the trendlines converge. The typical breakout is mostly confirmed by increasing volume (highlighting a divergence between volume and price). Breakouts from this pattern are generally fast and drastic. The 4-hour chart shows that the 200 SMA may delay recovery following the expected recovery by absorbing some of the buying pressure. However, XRP could regain the boost on stepping above last week’s resistance at $0.4. In other news, Ripple is reportedly planning a rollout to central banks despite the ongoing lawsuit with the United States Securities and Exchange Commission. The blockchain startup is hiring three central bank technical partner managers for its New York, London, and San Francisco offices. The managers will help in the design and deployment of central bank digital currency (CBDC undertakings. Ripple believes that the XRPL has been developed to “support the issuance of stablecoins with a unique, fungible token functionality called Issued Currencies.” This move also shows that Ripple is confident in its technology and is unlikely to be derailed by the ongoing lawsuit. XRP intraday levels Spot rate: $0.29 Relative change: -001 Percentage change: -0.5% Trend: Sideways Volatility: Low
BINANCE:XRPUSDLong
by CoinGape
4
XRP Just hit my TP1, full trade insideXRP/USDT after alot of bad news Ripple still strong and bull has the upper hand We can see on small time frames breakout of symmtrical traingle ...on daily frame its was Consolidating above EMA 20 If there is no any new bad news and BTC didn't do surprise I expect xrp will have bullish rally towards 0.4 area at least before any pullback In my channel i sent XRP signal early And already hit TP 1 ,Full trade below 👇 : XRP / USDT Buy between: 0.317$ - 0.29$ Stoploss : 0.28399 SELL Targets 0.33$ - 0.36$ - 0. 39$ - 0.44$ Good luck 🤞
Long
by Babenski
14
XRP-2h. So far, the prospects are bleak.The new year has not started too positively for XRP investors. from December 28 the price is trading below the range of $0.24-0.26 . During the week, buyers managed to test this range only a few times. Recall that the last time in September 2020, sellers managed to lower the price below this range, the buyers for 3 months could not break this range. On December 28, sellers shattered the myth of continuing price movements in the global growth trend, lowering the price to $0.18 . Below the range of $0.24-0.26 there is a demand for the coin. However, active counterattacks of buyers are imperceptible. We will consider this coin in the long only after fixing the price above $0.26. a lot of interesting things about the coin were written in the global idea Despite the monthly timefr ame, there is a high probability of starting a new consolidation in the range of $0.14-0.16.
by P_S_trade
12
RIPPLE and NICE price TO BUY!#Potential RocketshotHey tradomaniacs, previous news have put RIPPLE under intense pressure and provides us a nice chance to buy the breakout of the previous consolidation. We often see that circumstances change with the news-flow attracting buyers to come back. Technically we get an awesome risk-reward which is worth a try here. In terms of correlations we can expect RIPPLE to follow Bitcoin and Ethereum on their current journey to the moon. XRP/USD: Investment Market-Buy: 0,21000 Stop-Loss: 0,11000 Point of risk-reduction: 0,61400 Take-Profit: 2,79750 What do you think about RIPPLE? =) LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me.
BITSTAMP:XRPUSDLong
by Trading2ez
10
How every support is giving long opportunityHey guys and gals, welcome to the new update on XRP coin. Another bad news: Today is another very bad day for XRP as another worst news published that “Coinbase to Suspend XRP Trading Following SEC Suit Against Ripple” Before this, we have seen that the XRP was dumped hard when SEC filed a lawsuit against Ripple a few days back. Traders are taking advantages: Now, the traders are taking every dump as an opportunity to buy the dip. As when the price of this coin reached at $0.22 support they started buying and dumped it again. Then the waited for this $0.22 support to be broken down and now they have again started buying from the $0.17 support. Now there are strong chances that they will dump it again and let the price action move to the most critical support at $0.13 and start buying it from this support again. In the meanwhile the price action has also broken down all simple moving averages with the time period of 25, 50, 100 and 200. Breaking down long-term trendline support: On long term weekly chart, the price action of XRP coin is also breaking down the long-term uptrend line. SMAs on long-term: The price action of XRP coin has broken down 200, 25 and 100 simple moving averages and now breaking down the last support of SMA with the time period of 50. Ichimoku cloud can be broken down: On the same long-term weekly chart, the price action of the XRP coin is also at the support of Ichimoku bearish cloud. If this cloud will be broken down then it can become a very strong resistance for long-term. Conclusion: Even though it can be a really good long opportunity if the price action will be dropped at $0.13 cents, as it is getting pumped from every support, however, the news behind this coin is very bad therefore, if someone tries to buy it at any support he should take care of the stop loss.
BITSTAMP:XRPUSD
by moon333
XRP - Our updated small chart (Bearish outlook)So further to yesterdays idea, the opposite happened. I was expecting an opportunity for the price to break under the triangle and then UP....but it broke UP and it looks ready to storm down.. so, be careful because the 25 cents level can be checked again and likely broken down to even 14 cents. It is what it is guys, don't marry an asset, go in and out...and right now I am totally out of Ripple. Will let you know if something changes.
BITSTAMP:XRPUSDShort
by FX_Professor
5
XRPUSD back at the long-term trendline supportHey friends, hope you are well and welcome to a new update on XRP coin. More than 80% recovery rally: After the news of a lawsuit filed against Ripple, there was a drastic drop in XRP but it has recovered 80% in a single day. On the daily chart, it spiked beyond the $0.22 support but now moved above the $0.31 level and using this level as support. Here the price action of XRP also has good support of daily 200 simple moving average. Simple moving averages on a long-term chart: If we switch on the weekly chart, then the price action of XRP is breaking down the 200 and 25 simple moving averages and spiked upto 50 SMA. Ichimoku cloud: On weekly chart, the priceline has spiked upto the bottom support of Ichimoku bearish cloud and moved up. If this cloud will be broken down again then it can become a very strong and long-term resistance level for the XRP coin. Long-term support: Now, I would like to recall my previous idea with you, that I published back on 21st Oct 2020, when the price action was at the long term up-trendline support and based on the technical analysis I predicted that now from here the price action can start a bullish rally, and finally the priceline of XRP coin rallied more than 230%. Now the price action has again spiked at the same up-trend line support. Therefore if anyone wants to set a stop loss then we can set the stop loss at this level. The stop loss is at $0.26 at the time of writing, but with the movement of candlesticks the stop loss can be changed, it depends where the priceline drops at this trendline. BAT move: On 16 Dec I predicted, that the price action can complete the final leg of bullish BAT. Now the leg has been completed, therefore, we can set our buying and sell targets according to Fibonacci sequence of this pattern as below: Potential reversal or buying zone: $0.3480 to $0. 0.2918 Fibonacci projection or sell zone: $0.4821 to $0.6834 Conclusion: Even though, after the recovery rally, the priceline is above different supports again, but the new behind the XRP coin is too bad. Therefore we need to follow the stop loss strictly.
BITSTAMP:XRPUSDLong
by moon333
3