XRP Hits $1.3 High Thanks to U.S. Policy and Legal ActionXRP reached a new high of $1.3, driven by Donald Trump's crypto-friendly policy and lawsuits against the SEC by 18 U.S. states. The market outlook with the next target at $2.0 remains valid as long as XRP holds above the $0.785 support.
Article: fxnews.me
Rippleusd
Will XRP Price Surpass All-Time Highs Amidst SEC Legal Troubles
The cryptocurrency market has recently been on a rollercoaster ride, with Bitcoin and Ethereum leading the charge. However, another cryptocurrency, Ripple (XRP), has recently stolen the spotlight with its remarkable price surge. The digital asset has seen a significant uptick in value, surpassing the $1 mark, fueled by a combination of factors, including legal victories for Ripple against the SEC and positive developments in the regulatory landscape.
The Ripple vs. SEC Battle and Its Impact on XRP Price
One of the primary catalysts for XRP's price surge is the ongoing legal battle between Ripple Labs and the Securities and Exchange Commission (SEC). The SEC has accused Ripple of conducting an unregistered securities offering by selling XRP tokens. However, recent court rulings have favored Ripple, increasing investors' optimism.
A favorable outcome in the Ripple vs. SEC case could have a profound impact on the cryptocurrency industry as a whole. It could set a precedent for future regulatory clarity and potentially pave the way for wider adoption of cryptocurrencies. As a result, investors have been flocking to XRP, driving its price higher.
Favorable Regulatory Shift and Its Implications for XRP
In addition to the legal developments, many countries worldwide are adopting a more favorable stance towards cryptocurrencies. This regulatory shift is creating a more conducive environment for the growth of the cryptocurrency industry, including XRP.
As more countries implement clear and supportive regulations, it could lead to increased institutional adoption of cryptocurrencies. This, in turn, could drive significant demand for XRP, further boosting its price.
Technical Analysis: A Bullish Outlook for XRP
From a technical analysis perspective, XRP's price chart is displaying a strong bullish trend. The cryptocurrency has broken through key resistance levels and is now trading above its 200-day moving average. This suggests that the bullish momentum is likely to continue in the short to medium term.
However, it is important to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly. Therefore, investors should exercise caution and conduct thorough research before making any investment decisions.
How High Can XRP Price Go?
Predicting the exact price target for XRP is challenging, as it depends on a variety of factors, including the outcome of the Ripple vs. SEC case, broader market sentiment, and future regulatory developments.
However, given the current bullish momentum and positive market sentiment, it is not unreasonable to expect XRP to reach new all-time highs in the coming months or years. Some analysts have even speculated that XRP could potentially reach $10 or even higher in the long term.
Conclusion
The recent surge in XRP's price is a testament to the growing interest in the cryptocurrency and the positive developments surrounding Ripple. As the legal battle with the SEC unfolds and regulatory clarity emerges, XRP could continue to outperform other cryptocurrencies. However, investors should approach XRP with a long-term perspective and be prepared for potential price fluctuations.
It is crucial to conduct thorough research and consider consulting with a financial advisor before making any investment decisions.
Ripple XRP 11-years Super Cycle Is Coming to End!Hello, Skyrexians!
Couple of days ago BITSTAMP:XRPUSD has awaken after 4 years of consolidation. This growth can cause euphoria for XRP holders. Is it pump real or price will go down as usual? Today we will try to give answer in our global forecast.
Let's take a look at the monthly time frame. We can see that the first wave has been finished in early 2013, more than 10 years ago. After that we saw correction and legendary wave 3 which has been finished with the red dot on Bullish/Bearish Reversal Bar Indicator . Last 4 years price is moving sideways, we can interpret it as a correction in wave 4 in shape of triangle. Yesterday this triangle has been broken finishing this correction!
In our opinion XPR now is in the last wave 5 in this first global super cycle. Target for this wave is between $2.5 and $3.8. The second target is more likely because wave 5 in 90% of cases set the higher high than wave 3. We want also you to notice the bullish reversal bar and green dot on the indicator at the end of the subway C. On the monthly time frame this is the strong bullish sign which will likely lead the price to the final target.
Best regards,
Skyrexio Team
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RIPPLE (XRPUSDT): Delivers 1000% Profit!Ripple's daily chart showcases a textbook long trade setup that has achieved stellar results, securing all profit targets.
Traders leveraging a 10x position have seen their capital multiply by 10x, with Ripple surging to a current price of $1.1215.
Trade Recap:
Entry Point: $0.5537
Stop Loss: $0.5197 (minimal downside risk)
Profit Targets:
TP1: $0.5956 ✅
TP2: $0.6635 ✅
TP3: $0.7314 ✅
TP4: $0.7733 ✅
Key Observations:
Massive Momentum: The daily candle pattern and exponential price action reflect heightened market optimism for Ripple, likely fueled by broader crypto market sentiment or Ripple-related developments.
Indicator Support: The Risological Indicator identified a clear upward trend early, providing high-confidence entry signals.
Leverage Amplification: With 10x leverage, traders achieved 1000% gains as Ripple not only met but significantly exceeded all profit targets.
Future Outlook:
Ripple’s ongoing surge positions it as a standout performer in the crypto market. At $1.1215, it remains a market favorite, and traders should monitor closely for potential pullbacks or consolidation for future entries.
Congratulations to all traders who caught this massive breakout! 🚀
$XRP Historic Breakout IncomingIn all the years I've been trading cryptocurrency, I've never encountered a bull flag that has been forming for a full seven years. Such a phenomenon is virtually unprecedented and could herald one of the most monumental and historically significant breakouts in the crypto market.
We may be standing on the threshold of an event that will not only attract the attention of the entire financial world, but may also set an entirely new development vector for the entire crypto industry. This pattern is already starting to break through, this could be the moment that changes everything, opening a new era in the world of digital assets.
XRP is showing promising signs of a breakoutXRP/USD – Weekly Chart
XRP is showing promising signs of a breakout. After consolidating for a while, the price is approaching a key resistance level at $0.75. A break above this level could signal a strong upward move, with the first target at $1.293. The overall trend is supported by rising indicators, and a sustained pump could follow once we clear $0.75.
Support lies around $0.29, but bullish momentum looks likely to build in the near term. Keep an eye on how the price reacts at this resistance zone for further confirmation.
#XRP #Ripple #Crypto #TechnicalAnalysis #Breakout
XRPUSDT - ALL Eyes on XRPconsolidated a massive symmetrical triangle (1426days!!)
XRP one of the leading coin in market(7 in rank with 39.131b in marketcap)
need a weekly close above the upper side to confirm the breakout
once it corfirmed it will be a pure sign of a bullish rally is ahead
BEST REGARDS CECILIONES🎯
RIPPLE (XRP) Big Triangle PatternXRP is currently forming an ascending triangle pattern, with price action testing the minor resistance at 0.5631. A breakout above this resistance could pave the way for a bullish continuation toward the next target at 0.6658.
However, if the 0.5631 resistance holds, we could see a potential pullback toward the triangle’s support at 0.51077.
This analysis will be updated if any significant changes occur. Thank you.
Ripple XRP price may please holdersThe #XRPUSDT price is walking on a knife's edge)
It does not walk - it crawls))
But it happens that from time to time #XRP holders "go crazy" and try to push the #XRPUSD price up
Looking at the #Ripple price chart, we can assume that the attempt to pump may be repeated in the coming weeks/months.
What do you think, will it happen as it's drawn or not?)
XRP (Crypto Ripple-USD) BUY TF H1 TP = 0.5473On the H1 chart the trend started on Sept. 7 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 0.5473
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
XRP (Crypto Ripple-USD) BUY TF M30 TP = 0.5388On the M30 chart the trend started on Sept. 7 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 0.5388
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
XRP - Biggest Trendline In The History Hi, this is my new update for XRP.
As you see we are getting ready for one of the biggest breakouts in the history of cryptocurrency. We are stuck under this downward sloping trendline for 7 years. We got rejected 8 times in 7 years, but now with the help of the up-sloping trendline we are getting closer for a breakout.
We have had similiar situation on February 2017. As you see in the yellow circle first we got a beautiful fakeout under the up-sloping trendline and then we got the momentum to break the downward sloping trendline. I expect we are going to get the similar price action this time too and my main target for XRP after the breakout is around $5.
Once we get above the resistance 0.75 then we are ready to takeoff, but at the same time we need Bitcoin to get above 74 000, otherwise things will get complicated.
XRP Prediction: dump before heading towards 0.75-1$In this video, we dive into the current XRP price action and outline our strategy for the upcoming weeks.
We'll start by identifying the weekly high as our initial target, where we expect XRP to face resistance. Following this, we anticipate a dip into the imbalance zone, offering a potential entry point. From there, we’ll discuss our long position strategy, aiming for a price target between $0.75 and $1 by September.
Stay tuned as we break down the technical analysis and key levels to watch!
XRP: Sell stop 1. Key Zones (Support and Resistance)
- Resistance Zone: At the top of the chart, a zone around 0.6088 is marked as a strong resistance level. This level shows where the market previously attempted to break through but failed.
- Middle Zone: This area around 0.5796 acts as a key support and resistance level. It can be a critical zone for market decisions.
- Support Zone: At the bottom of the chart, a support level is marked around 0.5525, which may prevent the price from falling further.
2. Trade Entry Signal
- Red Zones (Supply Block): In this chart, a red area represents a short-term supply and resistance zone. Entering a short trade is reasonable if the price fails to break this zone and moves downward.
- Entry Point: 📉 The entry for the trade is suggested at 0.5917, which aligns with the supply and resistance block, making it a suitable point for initiating a short position.
- Stop Loss: 🚨 The stop loss is set at 0.5974, indicating that if the price reaches this level, the trade would be invalidated, and the trader should exit.
- TP1, TP2, TP3 (Target Prices):
- TP1 is set at 0.5844, which is the first target for taking profit from the short trade.
- TP2 is set at 0.5764, marking the second target.
- TP3 is set at 0.5680, which is the final target for closing the short position.
3. Confirmation or Invalidation of Analysis
- If the price moves upward and breaks the red resistance zone, reaching above 0.5974, the short trade setup would be invalidated, and traders should reconsider their strategy.
Conclusion:
Based on this chart, there is a clear signal for entering a short trade with an entry at 0.5917 📉 and a stop loss at 0.5974 🚨. If the price moves downward, the identified target prices (TP1, TP2, TP3) provide potential exit points for taking profits.
XRP Major Breakout: Is Next Price Target Will $1.22?Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions.
The cryptocurrency market has been characterized by volatility and uncertainty, but one digital asset is currently turning heads: XRP. Technical analysts are buzzing about a potential game-changing breakout as the altcoin displays a classic bullish Symmetrical Triangle pattern on its weekly chart.
The Symmetrical Triangle Pattern
A Symmetrical Triangle is a chart pattern formed by converging trend lines connecting a series of lower highs and higher lows. This pattern often indicates a period of consolidation before a significant price move. The direction of the breakout, upwards or downwards, determines the subsequent price action.
In the case of XRP, the Symmetrical Triangle has been forming for an extended period, suggesting a substantial amount of energy building up within the pattern. If the price breaks out to the upside, it could signal a powerful bullish move.
The Bullish Case for XRP
Several factors contribute to the bullish sentiment surrounding XRP. Firstly, the ongoing legal battle between Ripple and the Securities and Exchange Commission (SEC) has been a major catalyst for price volatility. While the case is still ongoing, recent developments have injected a sense of optimism into the XRP community.
Secondly, XRP's underlying technology, RippleNet, continues to gain traction in the global payments industry. As more financial institutions adopt Ripple's solutions, the demand for XRP as a bridge currency could increase, potentially driving up its price.
The Potential Price Target: A Jaw-Dropping Figure
Based on the Symmetrical Triangle pattern and historical price movements, some analysts are predicting a mind-boggling price target for XRP: $1.22. Achieving this level would represent a significant increase from current prices and would undoubtedly shock the market.
It's important to note that price targets are estimates based on technical analysis and should not be taken as guaranteed predictions. The cryptocurrency market is highly volatile, and numerous factors can influence price movement.
Conclusion
XRP's bullish Symmetrical Triangle pattern has captured the attention of traders and investors alike. If the breakout occurs as anticipated, it could trigger a substantial rally in the price of XRP. However, it's crucial to approach this potential move with caution and conduct thorough research before making any investment decisions.
The cryptocurrency market is constantly evolving, and new developments can emerge at any time. Stay informed, manage your risk, and consider consulting with a financial advisor to create a personalized investment strategy.
XRP (Crypto Ripple-USD) SELL TF H1 TP = 0.5496On the H1 chart the trend started on Aug. 08 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 0.5496
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
$XRP Long attempt #2Yesterday's long may have been a bit premature! Risking a bit more now that CRYPTOCAP:XRP tapped recent VWAP and stepped out of local value. Looking to see some green candles soon! Orderbook also fully on my side this time as opposed to yesterday where there was not much clarity.
The base of this whole trade is the trend start that I saw on Wednesday.
Selling the Ripple-SEC Settlement News: A Cautionary TaleThe cryptocurrency market is notoriously volatile, driven by a complex interplay of factors including technology, regulation, and investor sentiment. One phenomenon that can significantly impact prices is the "sell the news" event. This occurs when a positive event, anticipated by the market, fails to live up to expectations or is followed by profit-taking, causing the asset's price to decline.
The potential settlement between Ripple and the SEC is a prime example of a situation where investors should exercise caution. While a resolution to this long-standing legal battle is undoubtedly positive for the cryptocurrency industry, it's crucial to approach any potential settlement with a critical eye.
A look back at the initial ruling in June of last year provides a stark reminder of the risks. Following the favorable decision, XRP surged dramatically, only to reverse course and plunge shortly thereafter. This classic "bull trap" highlights the importance of avoiding emotional decision-making and conducting thorough analysis before making investment choices.
Several factors could contribute to a "sell the news" event in the case of a Ripple-SEC settlement. Firstly, the terms of the settlement may not be as favorable to Ripple as investors had hoped. The SEC's stance on cryptocurrencies has been consistently stringent, and any compromise it makes is likely to be carefully calculated. Secondly, the market may have already priced in a positive outcome, leaving little room for further upside. This is a common occurrence in highly anticipated events, as investors tend to build bullish expectations in advance.
Furthermore, profit-taking is a natural market dynamic. After a significant price increase, many investors will look to realize their gains, putting downward pressure on the price. This can exacerbate a "sell the news" situation, as it reinforces the negative sentiment.
To mitigate the risks associated with selling the news, investors should adopt a disciplined approach. This includes conducting thorough research, understanding the potential implications of different settlement outcomes, and developing a clear investment strategy. It's also essential to maintain a long-term perspective and avoid making impulsive decisions based on short-term price movements.
While a Ripple-SEC settlement is undoubtedly a significant development, it's crucial to approach it with a healthy dose of skepticism. By understanding the potential pitfalls and implementing sound investment practices, investors can increase their chances of navigating this complex market successfully.
Ultimately, the cryptocurrency market remains highly speculative, and past performance is not indicative of future results. Investors should carefully consider their risk tolerance and investment goals before allocating capital to any digital asset.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Conducting thorough research and consulting with a financial advisor is recommended before making investment decisions.
XRP Fever Grips South Korea as Traders Anticipate Legal VictoryA surge in XRP trading activity is sweeping across South Korea, propelling the token to its highest price since March 25th. The sudden surge in demand, particularly on domestic exchanges, has caught the attention of market observers, who point to the country's history of fervent support for rallying cryptocurrencies.
South Korean traders are renowned for their enthusiasm for digital assets, often driving rapid price increases through collective buying fervor. This characteristic, often referred to as the "Korean premium," has been a significant factor in the cryptocurrency market, particularly during periods of heightened optimism.
The recent surge in trading volume and price appears to be fueled by growing expectations that the legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) is nearing its end. A favorable outcome for Ripple could significantly impact the price of XRP, as it would likely clarify the regulatory status of the token.
Data indicates that XRP's trading volume on South Korean exchanges has dramatically outpaced that of Bitcoin, the world's largest cryptocurrency. This unusual dominance highlights the intense focus on XRP among South Korean traders. Some analysts suggest that the token's performance in the Korean market could serve as a leading indicator for broader market trends.
While the current surge in XRP price is undoubtedly exciting for investors, it's essential to approach the market with caution. The cryptocurrency market is highly volatile, and rapid price
Moreover, the outcome of the Ripple-SEC case remains uncertain, and any negative developments could have a significant impact on XRP's price. Traders should carefully consider their risk tolerance before investing in XRP or any other cryptocurrency.
Despite these caveats, the recent surge in XRP trading activity is a testament to the enduring appeal of cryptocurrencies in South Korea. As the legal landscape for digital assets continues to evolve, the country's role as a global cryptocurrency hub is likely to grow.
Disclaimer: This article provides general information and should not be considered financial advice. Investing in cryptocurrencies involves significant risks.