Ripplebtc
Ripple Price AnalysisXRP has remained above the psychological level of 1.0000 despite the recent downtrend. After hitting a six-month high of 1.3487 mid-last week, the altcoin has since dropped by about 22.97%.
Currently, Ripple trades at $1.06. On a three-hour chart, it is trading below the 25 and 50-day exponential moving averages. Based on both the fundamentals and technicals, the crypto may remain under pressure in the near term.
I expect the crypto to trade within a rather tight range between Thursday’s low of 1,0160 and the 25-day EMA at 1.0883. Past the horizontal channel’s upper border, Ripple price will be in good shape to rebound further above the prior support level of 1.1000.
If that happens, the resistance level to watch will be along the 50-day EMA at 1.1202. A move below the channel’s lower border will have the bulls defending the crucial support zone of 1.0000.
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XRP and the Interesting weekly RSIWhat do we have here?? XRP vs BTC chart on the weekly. The weekly RSI is telling me something different from what the SEC lawsuit is trying telling me. Although the scare of the lawsuit broke the divergence {that ultimately formed another one} it seems to have recently been restored to the long term trend. XRP has formed a lot of strength against Bitcoin and looks to be ready to make it's move.
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XRP BTC pair ready for breakout?Seems XRP is building up several factor's for breaking out upwards.
Currently in a bullflag and in the general picture XRP is really bullish.
Broadening wedge in a falling wedge.
If we would see xrp repeat it's cycle of 2017 we could expect the targets being reached, keeping in mind a BTC value of 85k -100k.
A positive outcome of the lawsuit could see this playing out.
This is not financial advice and for entertainment use only.
XRP Buy a Break Setup.Ripple - Intraday - We look to Buy a break of 1.102 (stop at 1.068)
Short term bias is mildly bullish.
Daily pivot is at 1.100.
A break of bespoke resistance at 1.100, and the move higher is already underway.
The previous swing high is located at 1.089.
Our profit targets will be 1.196 and 1.216
Resistance: 1.050 / 1.100 / 1.150
Support: 1.000 / 0.950 / 0.900
XRP - what to do next❓🤔There is a lot of uncertainty in the market at the moment. No one can understand what is going on. Has a bear market started or are we still in a bull market? After altcoins have fallen by more than 10% it is dangerous to open any short positions. But that does not mean that the market cannot continue to fall. It is very likely that there will be a pullback or the price will be in a local range. There is an important level and zone of great value on the chart, if Ripple comes to them, it will be a good buying opportunity.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
XRP Price Prediction: XRP Struggles At $1.1
XRP price struggles to sustain around $1.1 amid bearish calls that risk another drop to $0.92.
The US SEC maintains that the DPP protects its internal documents, and therefore Ripple has no right to request access.
Ripple is dancing around $1 after plunging from a September high of $1.4 and testing support at $0.92. The international money transfer token has not made significant progress since regaining ground above $1. A barrier at $1.14 proves an uphill battle to the bulls, who seem to have resorted to playing defense at $1.1.
XRP Price Downside Not Exhausted
Ripple price did not bottom following the drop to $0.92. Hence, bulls lack the momentum to take on the hurdles at $1.14 and $1.2, respectively. The general technical picture enhances the bearish outlook in the market, implying that XRP could correct further before a formidable recovery comes into the picture.
The Moving Average Convergence Divergence (MACD) indicator displays a bearish signal on the daily chart. The call to sell XRP first appeared on August 24 and was later reinforced on September 6. With the MACD moving into the negative region, Ripple is bound to explore lower levels at $1 and toward $0.92.
Meanwhile, all is not lost for the bulls when the 50-day Simple Moving Average (SMA) is considered. This moving average played a crucial role in halting the declines last week, allowing buyers to retake control. If it remains in place and unbroken, Ripple will have the chance to fight for gains back to $1.4 without having to drop to $0.92 first.
The SEC Deals Ripple A Blow In The Lawsuit
A lawsuit seeking to categorize XRP as a security token continues to drag on in the US courts. Ripple is currently requesting access to internal documents from the Securities and Exchange Commission (SEC) to develop a wholesome defense.
However, in a letter to Judge Sarah Netburn, the SEC claims that all the documents are privileged and protected by the deliberative process privilege (DPP). The letter states in detail:
“Many are also protected by the attorney-client privilege and the work product doctrine. The compelled release of the SEC’s predecisional deliberations relating to digital assets would discourage meaningful deliberation among SEC officials and staff relating to investigations, potential cases, and other regulatory activities taken or under consideration in a field where regulation carries significant consequences for the financial markets.”
The SEC continued:
“The Court should not pierce the SEC’s DPP and other privileges, particularly when the documents are irrelevant to Defendants’ proffered defense,” the agency continued, adding that “piercing the government’s privilege as a litigant over materials prepared in advance of litigation would be extraordinary and inappropriate.”
With the SEC taking a stand against supplying privileged documents, Ripple will likely file a motion to oppose the regulator’s letter on September 28. Nonetheless, Judge Netburn is expected to conduct an in-camera review of the SEC’s internal documents while considering the defendants and the plaintiff’s arguments on the DPP.
XRPBTC Inflection PointThe point of inflection can be identified where price separates and is a change of convex to concave
Essentially at the point of the fib circle (1) where a change in direction of curvature occurs
This has previously proven how price acted bullishly after this
Now it has happened again within a stronger fib trend
Bullish results?
MOON XRP
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.
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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!
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