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Ripplebreakout

XRP Crumbles From July Highs, Risks Exploring Levels Under $0.7 XRP price failed to extend the bullish leg to $0.8 following the gains on the weekend. Ripple hunts for support at the 50 SMA to avert losses under $0.7. The MACD and the RSI reinforce the bearish outlook, leaving XRP vulnerable to losses. Ripple price has continued with an upward roll started after July’s worst selloff that saw it plummet to $0.52. The international money transfer token seems to have restored investor interest, especially with the launch of the On-Demand Liquidity (ODL) remittance corridor between Japan and the Philippines. The payments corridor tapping into Ripple’s flagship blockchain service is significant because of the nearly $2 billion a year remittance market between the two companies. Following this news, XRP made hastes stepping above $0.7. The bullish leg stretched toward $0.8 over the weekend but stalled around $0.78 on some exchanges like Bitfinex. XRP Price Engages Reverse Gears At Full Throttle Ripple is trading at $0.72 in the wake of rejection from $0.78. Since the recovery began last month, the price action shaped in an ascending parallel pattern. The channel’s upper edge contributed to the overhead pressure, cutting short XRP’s bid for $0.8 and $1. Besides, a break under the middle boundary appears to have put bears completely in control. Hence, Ripple needs to hold the support at the 50 Simple Moving Average (SMA) and the channel’s lower boundary. This will ensure that losses do not stretch to $0.7 and explore levels further down. It is worth mentioning that the short-term technical picture is mainly bearish, starting with the Moving Average Convergence Divergence (MACD). A sell signal from this trend-following tool appeared when the 12-day EMA crossed below the 26-day EMA. Note that the odds for a bearish outlook soar as the MACD moves closer to the mean line. The Relative Strength Index (RSI) adds credibility to the bearish narrative, especially with the ongoing retreat from the oversold region. Sellers will get more aggressive if the RSI confirms movement below the midline and closes the gap to the oversold area. Ripple Price Intraday Levels Spot rate: $0.722 Trend: Bearish Volatility: Expanding Support: The 50 SMA and $0.7 Resistance: $0.75 and $0.78
BITFINEX:XRPUSDLong
by CoinGape
5
Ripple Price Skyrockets To $0.75 But Uptrend In Jeopardy Ripple price ascended to $0.75 on Wednesday as an On-Demand Liquidity corridor debuted between Japan and the Philippines. A correction is underway, with the price sliding back $0.7. Ripple remarkably broke out mid-week, flying the bullish flag high above the crypto horizon. The news reverberated across the market that the blockchain company would launch a new On-Demand Liquidity (ODL) corridor between Japan and the Philippines. The primary goal is to tap into the nearly $2 billion per year remittance market between these two countries. The news was a breath of fresh air for XRP as more investors streamed into the market, perhaps to take advantage of a potential rally. As buying pressure behind Ripple surged, the token shot above $0.7 and stretched the bullish leg, brushing shoulders with $0.75. Ripple Price Corrects As Investors Take Profits The recent drop to $0.52 could have harmed most investors. However, there was hope that they will resurface from underwater and gasp for air. Intriguingly, technical levels joined hands with the fundamentals, boosting XRP to $0.75. However, the resistance at the week’s high cut short the uptrend, killing the hope for the international money transfer token trading above $0.8. At the time of writing, Ripple has retreated to $0.7 amid an uptick in overhead pressure. The correction is mainly accentuated by the desire for investors to take profits before rejoining the market. The Relative Strength Index (RSI) indicator has also retreated from the overbought area and sharply falls to the midline.  This technical tool tracks the trend of an asset and measures its strength. A sharp drop toward the midline and the oversold is indicative of a firmer bearish grip. More sell orders will also be triggered if Ripple makes a four-hour close under $0.7 and the ascending parallel trend line’s middle boundary. Support is expected at $0.65 and $0.62, respectively. If push comes to shove, the token might explore areas under $0.6 again. Ripple price intraday levels Spot rate: $0.69 Trend: Bearish Volatility: Growing Support: $0.65 and $0.62 Resistance: $0.75 and $0.8
BITFINEX:XRPUSDLong
by CoinGape
Ripple: bullish breakoutAfter Ripple (XRPUSD) started a recovery rally from the 3-month low at USD 0.5097 in June to USD 0.7331, there has been a weak attack in the past few weeks and another successful test of the low. The most recent price surge finally carried the coin lively over the downtrend line from the rally high. Soil formation ahead? The short-term chart image has thus brightened. In order to generate a resilient medium-term floor, the USD 0.7331 mark would now have to be sustainably surpassed. We consider the probability of at least one push at this critical hurdle to be high as long as the support at USD 0.5911 is not undershot. With a break above the mentioned hurdle, we would consider a continued increase towards USD 0.7900, USD 0.8536 and USD 0.9300 possible. Focus on support However, a slide below USD 0.5911 and then USD 0.5754 would immediately turn the technical bias to bearish. In this case, we would favor a timely reunion with the medium-term critical support zone at USD 0.5097 / USD 0.5162. In our opinion, a significant shortfall would indicate an immediate continuation of the higher-level sell-off from the record high in the direction of the USD 0.32-0.43 zone. Note: Despite careful analysis, Global Investa accepts no liability for the content, topicality, correctness or completeness of the information provided. The information provided does not constitute investment advice, purchase recommendations or investment brokerage.
BITSTAMP:XRPUSD
by Michael-Neubauer
XRP MACD Bullish Cross!!! Win!Hello IWealth Here, I have been Trading and Teaching for 7 years. and im happy to share my idea that could help you in the crypto space. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------ XRP is looking great because on the 2 day chart we have a bulling cross on the MACD, the momentum looks to be shifting to the upside now since it been oversold and low for a while. I expect a bullish month for august for xrp!
Long
by IWealthCommunity
1
Ripple Rolls Down The Runway Preparing Ultimate Takeoff To $1 XRP price recoiled from support $0.52, clearing the path toward $0.6. A break above the month-long descending trendline rejuvenates the bulls' effort for gains heading to $1. Ripple has gained some ground since the selloff earlier this week. The cross-border money transfer token lost a considerable amount of its value, whereby the bearish leg extended from $0.6 to $0.52. A more than 10% decline in the cryptocurrency market is not surprising, but the same in another industry would leave an imperfect and an unwanted storm. Meanwhile, XRP seems to have gained all the ground this week, suggesting that the international money transfer will end the week in the green. At the time of writing, Ripple teeters at $0.59 and looking forward to trading above $0.6 in the near term. XRP Price Gain Recovery Momentum Several buy signals keep Ripple bulls on toes as investors speculate on the price hitting higher levels in the coming sessions. Firstly, settling above $0.6 would be an excellent boost to ascertain the market's stability. Secondly, Ripple is trading marginally above a month-long descending trend line, suggesting that one of the most significant barriers are out of the way. Note that the 50 Simple Moving Average (SMA) caps the immediate upside and must come down for bulls to extend their leg toward $0.7. The Moving Average Convergence Divergence (MACD) indicator is vividly bullish as the 12-day EMA crossed above the 26-day EMA. As the MACD nears the mean line, the odds for Ripple sustaining the uptrend increase incredibly. Similarly, the Relative Strength Index (RSI) affirms that bulls have the upper hand. This technical tool follows the trend of an asset and calculates its strength. A sharp move from the oversold region to the midline shows that the bulls' grip is more substantial. If the RSI continues with the same momentum to the overbought territory, Ripple will take down the numerous stubborn hurdles, heading toward $1. Ripple Intraday Levels Spot rate: $0.59 Trend: Bullish Volatility: Low Resistance: The 50 SMA and $0.7 Support: $0.56 and $0.52
BITFINEX:XRPUSDLong
by CoinGape
XRP - You can try to open a trade after a squeeze and retest 🚀XRP, like bitcoin, has not seen significant movement on the chart for several days. The price is currently trading near the bottom of the triangle. It is likely that BTC will go up and altcoins will also go up. If XRP comes to the upper boundary of the triangle and starts consolidating near it, that would be a good buying opportunity, even better if the price breaks through it and tests the triangle as support. If all these factors materialize, Ripple could quickly reach the above targets! Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
Long
by Yuriy_Bishko
10
XRP - pay attention, there may be a better entry point here!😯The cryptocurrency market is now full of uncertainty. Ripple corrected by 7% after the recent growth, now on the chart locally you can see the wedge pattern, at the moment the price is near its lower border, if the price continues to trade near this border, it could be a signal that xrp will break it and go lower! Probably the best entry point is when the price breaks through and tests the bottom of the wedge as resistance! Write in the comments all your questions and instrument analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
by Yuriy_Bishko
8
Ripple is going to come in this area!😯XRP has not shown strong moves for a few days and is now trading along its trend line, slowly approaching the local top. If the price trades near the local top, breaks it, and tests it as support, it could be a good entry point with targets higher! Write in the comments all your questions and instrument analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
Long
by Yuriy_Bishko
11
XRP rejected from $0.72 amid multiple sell signals Ripple price gained ground to settle briefly above $0.7 but hit a barrier under $0.72. Losing support at $0.7 opened the Pandora box as a correction to $0.64 becomes apparent. Ripple price was able to break the resistance at $0.7 on Tuesday. This move allowed bulls to stretch the up leg to $0.72. However, the seller congestion at the 200 Simple Moving Average (SMA) on the two-hour chart stopped the bullish action. In the meantime, XRP trades at $0.68 after losing support at $0.7. If the ground above $0.7 is not reclaimed soon, losses will likely extend toward $0.64. At the moment, the path with the slightest hurdles seems downward, as observed from the short-term technical picture. Why could Ripple price declines soar in the near term? Ripple’s short-term technical picture is flipping massively bullish, according to the two-hour chart. Applied technical tools such as the Moving Average Convergence Divergence (MACD) are about to send a bearish signal. The indicator follows the trend of an asset and measures its momentum. When the MACD line (blue) crosses below the signal line, it is a call to sell, as observed on Ripple’s chart. Moreover, traders watch out for the MACD crossing under the zero line into the negative territory to validate the downtrend. As the bearish momentum gains power, the Relative Strength Index (RSI) shows that bearish aggression intensifies. Unlike the MACD, the RSI follows the trend of an asset and calculates its strength. A sharp drop from the oversold area suggests that sellers are entirely in control. Breaking below the midline and toward the oversold region would cement the bears’ influence in the market before the bulls turn the trend around. On the other hand, a golden cross pattern has occurred with the 50 SMA crossing above the 100 SMA. The pattern infers that the uptrend is still intact despite the correction, and Ripple price will likely secure higher support, leading to its resumption. Ripple intraday levels Spot rate: $0.68 Trend: Bearish Volatility: High Support: $0.64 and $0.58 Resistance: The 200 SMA
BITFINEX:XRPUSDShort
by CoinGape
1
Why Ripple Price Holding Above $0.8 Fails To Excite Investors?Ripple dealt with massive bearish calls last week amid the drop from levels slightly above $1. Many analysts believed that the cross-border money transfer token headed for a significant dive to the support in May at $0.65 and perhaps extend the down leg to $0.5. However, XRP eagerly embraced support at $0.8, allowing bulls to push the price to higher levels. Nonetheless, since the week started, the international money transfer token has not made any appreciable gains above $0.9. When will Ripple price come out of this crucial range? In the last few days, XRP sustained in a narrow range between $0.8 and $0.9. The immediate downside sits on top of the 50 Simple Moving Average (SMA) support on the four-hour chart. As long as this support is intact, bulls will focus on gains above $0.9 and toward $1. On the other hand, closing the day under this same level may see XRP testing the lower range limit at $0.8. The Moving Average Convergence Divergence (MACD) indicator currently levels at the zero line. This indicator identifies positions to buy the dip or sell the top, especially in a trending market, by following the asset’s trend direction and momentum. Note that the leveling motion has no definitive direction; thus, Ripple price consolidation will likely continue to the end of the week. However, the MACD line (blue) may help traders figure out the next breakout direction. A MACD line crossing above the signal will be a bullish signal, calling buyers to increase their exposure in anticipation of gains toward $1. On the flip side, the MACD line crossing beneath the signal line would imply that losses would take precedence. Apart from $0.8, other key anchor zones are $0.7, $0.65, and $0.5. Ripple price intraday levels Spot rate: $0.86 Trend: Sideways Volatility: Low Resistance: $0.9 Support: $0.8, $0.7 and $0.65
BITFINEX:XRPUSD
by CoinGape
XRP lags price action ahead of a 34% launch to $1.44Ripple scaled several resistance levels after the drop to $0.8 last week. The upswing coincided with another win bagged by Ripple Lab attorneys against the Securities and Exchange Commission (SEC) in the ongoing lawsuit. The US SEC was seeking access to Ripple's communication records when it inquired about the sale of XRP tokens. Judge Sarah ruled to uphold Ripple's client-attorney privilege, dealing the SEC another blow. Following the win, Ripple's price lifted above $1 and brushed shoulders with $1.1. However, the uptrend slowed down, forcing bulls to seek refuge at $1. Meanwhile, XRP has balanced price action at this level, while buyers look forward to a potentially massive breakout. Ripple eyes extensive upswing on breaking key technical resistance The international money transfer token is dancing within the confines of an ascending triangle. This popular and highly bullish technical pattern often forms within an uptrend. However, the pattern has a bullish impulse even when it appears amidst a downtrend.' As the two trend lines converge, the consolidation nears an end. On the other hand, the ascending lows insinuate that bulls are getting stronger. A break occurs before the lines meet and is characterized by an uptick in trading volume. Triangles have clear breakout measured from the highest to the lowest points. For example, Ripple could swing 34%b higher to trade around $1.44 if the pattern on the chart matures as expected. The sluggish price action is punctuated by the Relative Strength Index (RSI) and will likely last longer. Similarly, the Moving Average Convergence Divergence (MACD) indicator does not have a defined signal; thus, bullish and bearish forces seem to cancel out, explaining the consolidation at $1. Ripple intraday levels Spot rate: $1 Trend: Sideways Volatility: Low Support: $0.9 and $0.8 Resistance: $1.1 and $1.2
BITFINEX:XRPUSDLong
by CoinGape
1
UPDADE: RIPPLE SETTLEMENT FEASIBLE IN NEXT TWO WEEKS!SEC V. RIPPLE SETTLEMENT FEASIBLE IN NEXT TWO WEEKS, SAID TOP LAYWER “My prediction is that if Gary Gensler is going to pull back from this lawsuit and instead work for more regulatory clarity – it will happen in the next 2 weeks.” new-york-city Attorney Jeremy Hogan, a lawyer who has been covering the SEC v. Ripple lawsuit from the beginning, has predicted that if the new SEC Chair, Gary Gensler, chooses to settle with Ripple, that should happen within the next two weeks. FinanceFeeds covered Mr. Hogan’s remarks in March, when he raised attention to two bombshells dropped by the Judge, consenting on XRP’s currency and utility value. With currencies and securities being two different things, the SEC’s argument that Ripple is security may lose its credibility. This time, Attorney Jeremy Hogan commented on the most recent legal round, in which Ripple put the SEC to shame for making deliberate omissions and misquoting the Judge. Ripple’s Memorandum of Law in opposition to the SEC’s motion to strike Ripple’s lack of due process and fair notice affirmative defense was a “Mona Lisa, a piece of art”, the attorney said. The affirmative defense is important because if the Court finds Ripple lacked Fair Notice, the case is over even if the Court thinks XPR is a security, he explained. At the end of the video, Attorney Hogan shared his prediction regarding the timeline of the lawsuit, depending on the SEC’s new Chair Gary Gensler strategy for the regulator: to pursue further regulatory clarity or go full steam ahead. “My prediction is that if Gary Gensler is going to pull back from this lawsuit and instead work for more regulatory clarity – it will happen in the next 2 weeks. “If we go into June with no settlement then this lawsuit has been adopted and supported by Chairman Gensler for better or worse. If that is the case I predict no settlement until September at the earliest”, he continued. “If there is no settlement and we go to summary judgment or trial I predict…well, heck I don’t know – do I look like a mind reader?” SEC’s new Chair, Gary Gensler, is described as “one of the leading reformers after the financial crisis” as he led the CFTC in implementing the Dodd-Frank Act of 2010 and rein in abuses in the swap derivatives market. Then, he pledged to work to “urgently close the gaps in our laws to bring much-needed transparency and regulation to the over-the-counter derivatives market to lower risks, strengthen market integrity and protect investors.” Regarding regulatory clarity, the CFTC is watching the lawsuit as it will help to establish the scope of the SEC’s authority in the digital assets space”, said Commissioner Stump. Also in the context of the SEC’s lack of clarity, XRP holders’ lawyer John E. Deaton said it “doesn’t take an expert to see that plenty is very wrong, very corrupt and very outrageous about the SEC’s lawsuit against Ripple”. Ripple CEO Brad Garlinghouse has recently said the lack of clarity in U.S. regulation of cryptocurrencies is “frustrating.”
BITSTAMP:XRPUSDLong
by ismartek
11