Ripplebtc
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
XRP Buy the uptrend.Ripple - Intraday - We look to Buy at 0.2783 (stop at 0.2649)
Short term MACD has turned positive.
Trend line support is located at 0.2780.
We look to buy dips.
Dip buying offers good risk/reward.
Hourly momentum has stalled and our bias is now neutral.
Our profit targets will be 0.3188 and 0.3287
Resistance: 0.2900 / 0.3100 / 0.3200
Support: 0.2850 / 0.2600 / 0.2500
XRP Buy the uptrend.Ripple - Intraday - We look to Buy at 0.2626 (stop at 0.2486)
Short term MACD is moving higher.
Trend line support is located at 0.2630.
We look to buy dips.
Dip buying offers good risk/reward.
Hourly momentum has stalled and our bias is now neutral.
Our profit targets will be 0.3042 and 0.3148
Resistance: 0.3100 / 0.3300 / 0.3700
Support: 0.2850 / 0.2600 / 0.2500
XRP Buy a Break Setup.Ripple - Intraday - We look to Buy a break of 0.2531 (stop at 0.2348)
A break of yesterdays high would confirm bullish momentum.
Daily signals are mildly bearish.
50 4-hour EMA is at 0.2430.
The RSI is trending higher.
Short term MACD is moving higher.
Our profit targets will be 0.3089 and 0.3328
Resistance: 0.2500 / 0.2800 / 0.3050
Support: 0.2250 / 0.2150 / 0.2000
XRP to drop below $0.17.. XRP, the price has dropped over 70%! That is a very sharp drop, even sharper considering the whole market is in a strong uptrend and soon XRP can placed fifth or even sixth in the overall market cap as Litecoin and Polkadot are catching up quickly.
As XRP is being delisted from US Cryptocurrency exchanges such as Coinbase, US Binance, Bitstamp and many more, the price is still expected to extended losses based on this negative fundamental outlook based off the SEC lawsuit.
For the full list, check this article on Yahoo Finance.
finance.yahoo.com
Fundamentals are bad, but how about technicals?
Considering the price has seen a very strong sell off, the technical aspect of XRP also doesn’t look the best, but let’s take a closer look at them.
Currently XRP is in a insignificant uptrend, which is more a correction than a buying wave.
The price is closest to a Bear flag bearish pattern, which outcome is bearish.
Indicators.
Same as XLM, the RSI is in a weak uptrend but with an exception that the RSI is below 40, which is very bearish considering this is a daily time frame.
MACD is currently on the second strong selling wave, but another one is expected to be seen shortly.
EMA levels of 20 and 50 are pointing towards an downtrend, but a retest of 20 EMA is expected before any further move to the downside or upside.
I expect the price to drop below $0.17
XRP is NOT Bitcoin- ♻️ NOV 20TH Re-posted ♻️Nothing has changed since then (just the fact that 17cents looks closer)
On our Nov 20th post I explained to you all clearly that: XRP is NOT Bitcoin - (back to 0.23 or off to the 0.76 roof)
Well, funnily enough it did hit a roof of 0,76 and it did drop back to 23cents...magic! 🌵🐧
Here is the idea of NOV 20 -th..take another look
what he had said on NOV 20 is ALWAYS valid:
''XRP vs BITCOIN? We choose Bitcoin every day
We actually do partially hedge our BUY positions on Bitcoin with some Sell positions on XRP''.
Jan 2nd/2021:
Nothing has changed, other than Bitcoin did fly and we now need to examine closely how and when we get back on it.
Bitcoin is a finite product, XRP is not even a real cryptocurrency but it is 'liked' by the banks, ok.
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.
So.. how does XRP looks like?It was a very good start for XRP when it reached $0.78 suddenly, performed a higher low, broke downtrend and spike to the upside again.. but then..
A SEC suit followed by XRP being delisted from certain exchanges and portfolios the price tanked a with 55% full candle drop!
The price has now bottomed at $0.26 with two candle bottom closes and this level now acts as a MAJOR support.
A break below $0.26 can be very painful for many XRP holders as Bitcoin is breaking all time highs, while XRP is being valued slightly above 1000 sats.
MACD is currently on second very strong selling wave and the RSI is below 40, currently oversold with no divergence or any bullish signs to be seen so far.
One positive thing about this, is the fact that XRP can blow up really quickly and the FOMO will remain unchanged when an upside spike will be seen.. but the issue is another cryptocurrencies are doing much better than XRP so why budge with XRP?
I still believe that XRP will rise up as it's still in a daily uptrend, based on 200 EMA, but a break above it is necessary to be seen, above $0.33.
On a short term, we need to break above $0.315 in order to break a recent high and make a higher high.
Good luck with XRP!
Ripple FundamentalFundamental:
I waited and carefully followed Ripple in the first weeks of 2021.
Pressure on a cryptocurrency by governments means creating taxes and government control. The cryptocurrency campaign, under pressure from Ripple investors ($ 14 billion), will surely try their best in court and in government lobbying with the new president in the new year.
Also, this is not the first time that SEC has entered into an alliance with cryptocurrency. The story of cryptocurrency EOS or Black.One Company, as well as kik cryptocurrency platform, which was solved in other ways.
Also, if you look closely at the charts of the volume of capital inflows and outflows to Ripple, you will notice the attention of risky investors who entered the Ripple market with about $ 4 billion after the Ripple market volume fell to $ 10 billion.
So I look closely at Ripple's movement and reaction in the first week of 2021.
Despite SEC law suit against Ripple, XRP Retest and break ATH!Will this happen EVER? I was wondering this since XRP free fall. I think it can, in the crypto world all things are possible, remember back in 2017 after BTC reached ATH news start coming that China was closing all Bitcoin and Cryptocurrency Exchanges. After that, all alts including BTC went down like crazy almost 80 to 90 percent. But what happened next, I mean now, all major alts are rising again and BTC has reached a new ATH. Everyone has forgotten the past and moving on...
I think and feel like this gonna happen with XRP too sooner or later it will break its ATH and record new ATH.
What you guys think!!!!
Thank You.
This is Not financial advice.
MERRY XMAS - HO HO HODL 🧡💙💚🎄 Quite an interesting Christmas.
I wish you all the very best on this meaningful day.
Been with family the whole day, especially my sons made my day beautiful, I am blessed to have health and people I love this beautiful day.. there are things that matter the most and these things money can't buy: barbeque under my lemon tree, a good whiskey and the people who care about me. This is what matters but trading does come second 😹
So, before i die from food and whiskey, I decided to take 5 mins to reach out to you guys.
On this video I share with you my Ripple trading account and the rollercoaster results of 600 (!!!) trades between Dec 8 and now. Wow!
The platform I use is on my signature, when you use my link I will show you personally how to use it right.
XRP reached resistance zoneXRP / USDT
Ripple after massive sell pressure last days
Had a nice recovery yesterday from 78.60% fib level to 61.8% fib level
Currently the price faces resistance area
(Trend resistance + 61.8% fib)
🌟 If price will break the resistance zone we can buy on retest with small stoploss
🌟 If price failed to break... it will drop again to previous support area at 0.2X $ and may be more
GOOD LUCK 🤞
XRP Buy a Break Setup!Ripple - Intraday - We look to Buy a break of 0.6151 (stop at 0.5918)
We look for gains to be extended today.
The RSI is trending higher.
Daily signals are bullish.
A break of 0.6100 is needed to confirm follow through bullish momentum.
Our bias remains bullish and further upside is expected to target resistance at 0.7000.
Our profit targets will be 0.6969 and 0.7284
Resistance: 0.6100 / 0.6400 / 0.6800
Support: 0.5900 / 0.5800 / 0.5500
XRP buy the dip.Ripple - Intraday - We look to Buy at 0.4904 (stop at 0.4646)
We look to buy dips.
Bespoke support is located at 0.4950.
Daily signals are bullish.
Our outlook is bullish.
Our profit targets will be 0.5668 and 0.6278
Resistance: 0.5300 / 0.5600 / 0.6000
Support: 0.5200 / 0.5000 / 0.4850
XRP 5:1 Buy a break setup!Ripple - Intraday - We look to Buy a break of 0.5055 (stop at 0.4937)
We look for gains to be extended today.
Price action looks to be forming a bottom.
Daily signals are bullish.
Our outlook is bullish.
Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
Our profit targets will be 0.5645 and 0.6245
Resistance: 0.5000 / 0.5200 / 0.5600
Support: 0.4850 / 0.4600 / 0.4500
XRP Buy a Break Setup!Ripple - Intraday - We look to Buy a break of 0.6142 (stop at 0.5918)
We look for gains to be extended today.
The RSI is trending higher.
Daily signals are bullish.
A break of 0.6100 is needed to confirm follow through bullish momentum.
Our bias remains bullish and further upside is expected to target resistance at 0.7000.
Our profit targets will be 0.6969 and 0.7284
Resistance: 0.6100 / 0.6400 / 0.6800
Support: 0.5950 / 0.5800 / 0.5500