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Rippleusd

Falling Wedge Breakout AttemptXRP 3-day chart is attempting a breakout of its falling wedge on the 3-day chart here. The next candle close is approx 24 hours from now, and if it closes above the wedge we'll have confirmation. If confirmed, measured targets put us near the same area of our previous ATH, or above it. If that occurs, two possibilities: 1.) a double-top with either a slightly higher or slightly lower high, or.. 2.) we see a run to a new ATH if it doesn't get stopped near previous highs.
KRAKEN:XRPUSDLong
by dudebruhwhoa
1
Ripple: Let It Rip(ple)!Ripple is in the doldrums, dilly-dallying sideways and occasionally drifting downwards, while the altcoin should actually let it rip and develop strong upwards momentum. We expect it to get its act together and make it above the resistance at $0.5587, heading for the yellow zone between $0.7710 and $0.9060. However, there is a 48% chance that Ripple could slip below the support at $0.4173 and take a short detour to finish wave alt.(2) in yellow first before moving upwards.
KRAKEN:XRPUSD
by MarketIntel
4
Ripple - Symmetrical triangle and bullish breakoutToday, we would like to update our thoughts on the Ripple cryptocurrency. We continue to notice signs of exhaustion from the technical perspective. At the moment, we closely watch the symmetrical triangle on the daily chart of XRPUSD. The recent breakout from the pattern is bullish. However, we have no reason to change our bearish bias on Ripple. As we noted previously, we continue to think that the recent bounce higher still represents merely “buy the rumor, sell the fact” behavior. That view is also supported by bearish macroeconomic factors, which will be challenging for the whole market to overcome. In addition to that, a lawsuit between the SEC and Ripple Labs, Inc. continues to loom over the fate of this cryptocurrency. Because of that and other factors, we stay committed to our price targets at 0.30 USD and 0.28 USD. Illustration 1.01 Illustration 1.01 shows the daily chart of XRPUSD. The bullish breakout took place from the symmetrical triangle, which is normally considered a continuation pattern. However, we would like to point out a significant decrease in volume as the price continued to rise and finally broke to the upside; that is a bearish development, suggesting a further loss of momentum. Technical analysis - daily time frame RSI shows signs of exhaustion. The same applies to MACD and Stochastic. DM+ and DM- are bullish, with ADX suggesting the peak of bullish conditions. Overall, the daily time frame suggests that the bounce nears its end. In order to invalidate this thesis, we would like to see a pick up in volume accompanying a breakout above the recent high. Illustration 1.02 Illustration 1.02 shows the monthly chart of XRPUSD. The yellow arrow points to the low monthly volumes. That reflects little interest among new investors, which is bearish. Technical analysis - weekly time frame RSI and Stochastic are bullish. MACD is also bullish but stays in the bearish zone. DM+ and DM- are bullish. Overall, the weekly time frame is bullish; however, the trend is weakening. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:XRPUSDShort
by Tradersweekly
61
The SEC vs. Ripple Labs, Inc.A brief history In 2004, a few years before the introduction of the white paper and Bitcoin by Satoshi Nakamoto, Ryan Fugger conceived the idea now known as Ripple. Initially, Ripple was not based on blockchain technology. The development of blockchain technology and its implementation within Ripple began in 2012 after Ryan Fugger handed over his project to Chris Larsen, David Schwarz, and the former co-founder of the infamous Mt. Gox, Jed McCaleb. Subsequently, this group of entrepreneurs founded OpenCoin and that same year began to use RipplePay source code to create their own ledger-based payment network for financial institutions. Later, in 2013, OneCoin was renamed to Ripple Labs Inc. and began raising funds. That same year, Jed McCaleb departed from the company to pursue the Stellar Lumens (XLM) project. Meanwhile, the Ripple cryptocurrency rose from a mere fraction of a cent to the all-time-high value of 3.55 USD in 2018. Although, after tens of thousands of percent in gains, Ripple lost more than 90% of its value within the following year. After that, in March 2020, XRP found a bottom and started to rise in a new bull market propelled by an unprecedented amount of quantitative easing and stimulus checks being handed out to American citizens by the government. However, despite other cryptocurrencies reaching new all-time highs, Ripple's performance remained muted in comparison to the previous bull cycle, with many people blaming it on the SEC lawsuit from December 2020. In a new uptrend, Ripple reached 1.98 USD before erasing most of its gains and returning to the range between 0.20 USD and 0.40 USD. After two years of court proceedings, the case nears its end, which has started the bullish speculation that elevated the price to a recent high of 0.55 USD, and which led us to announce a warning to investors. Just two weeks ago, we called the bounce characteristic of “buy the rumor, sell the fact” behavior. Today, we still hold this notion and remain bearish on XRPUSD. Accordingly, we stick to our price targets of 0.30 USD and 0.28 USD. The rationale behind our reasoning is described below. The SEC lawsuit against Ripple Labs Inc. In December 2020, the SEC filed an action against Ripple Labs Inc., alleging that the company raised 1.3 bn. USD through an unregistered digital asset securities offering. Based on the SEC's complaint, Christian Larsen, the company's co-founder, and Bradley Garlinghouse raised capital to finance the company's business by selling cryptocurrency tokens to investors in the U.S. and globally. In addition to that, Ripple distributed billions of XRP tokens in exchange for labor and various services. As if it was not enough, Larsen and Garlinghouse executed personal sales worth approximately 600 mil. USD, potentially breaking federal securities laws by not registering their sales of XRP tokens. The latest developments within the lawsuit and Hinman's remarks A few days ago, U.S. District Court Judge Analisa Torres ruled to release the documents from the former Director of the Securities and Exchange Commission's Division of Corporation Finance. These documents relate mainly to the speech of Hinman at the Yahoo Finance All Economic Summit in 2018. In his 2018 speech, Hinman said that some cryptocurrencies would not be considered securities (and which many investors seem to consider bullish for XRP in the past few days). However, we would like to remind investors that right at the beginning of his speech, Hinman noted that opinions conveyed in the speech are opinions of his own, and not those representing the SEC. Then, just about a minute later, Hinman proceeded to distinguish between securities and potentially “something other than a security.” He noted that if a cryptocurrency carried a third-party promotion, it would most likely fit the security description. Subsequently, he described a promotion as raising funds (through selling tokens instead of issuing a stock) by promoters to fund a company's operations with the goal of achieving financial gains for themselves and their investors. Furthermore, he provided the example of the SEC case versus W.J.Howey Co. from 1946. In that example, Hinman outlined how the character of a transaction is a determining factor in whether an asset is a security or not. He later continued clarifying how a transaction could potentially not represent a securities offering. For that matter, he stated that the network on which a cryptocurrency is based would have to be sufficiently decentralized, and “purchasers would no longer have reasonable expectations that a person or a group will carry out managerial and entrepreneurial efforts”. According to Hinman's following remarks, only under such conditions, a transaction might not represent an investment contract. After that, Hinman finally proceeded to make remarks about Ethereum “while putting aside a fundraising of that company.” He stated that at “the current” time (in 2018), offers and sales of Ethereum were not securities transactions. Then, he said that over time there might be other sufficiently decentralized systems, like in the case of Bitcoin and Ethereum, while omitting any other cryptocurrencies, including Ripple. In next Hinman's remarks, he talked about “a plethora of federal regulations that apply beyond the securities laws.” Furthermore, he noted “a few things” that the SEC could look at in order to determine whether an asset is a security. “A few things the SEC could look at” or ask 1. Is there a person or a group who sponsors the promotion and creation of the sale of the asset? 2. Does a person or a group who sponsors the promotion and creation of the sale of the asset play a significant role in the development and maintenance of that asset and its potential increase in value? 3. Does a person or a group who sponsored the promotion and creation of the sale of the asset retain a stake and/or other interests in the digital asset? 4. Did the promoter raise an amount of funds in excess of what might be needed to establish the running and functional network? If so, did the promoter indicate to investors how these funds might be used to support the value in the 5. secondary market (or increase the value of the enterprise)? 6. Does the promoter continue to expend funds from the proceeds for enhancing the functionality or to just enhance the secondary market value? 7. Do people or entities other than the promoter exercise governance rights and have a meaningful influence on the network? 8. Is the token creation commensurate with meeting the needs of real users rather than feeding speculation? 9. Are independent actors setting the price, or is the promoter supporting the market? Our assessment As it is impossible to tell what will be the outcome of the legal battle between the SEC and Ripple, we are allowed only to speculate about the court ruling. However, based on Hinman's introductory remarks in his speech regarding personal opinions and not those of the SEC or its staff, we would argue that the speech is a weak point of evidence for Ripple. Indeed, we think the same about Ethereum and Bitcoin statements. Hinman said that Ethereum and Bitcoin were not cryptocurrencies at that particular time (during the speech - in 2018). Meanwhile, the lawsuit pertains to the period around 2013 and not to 2018. In addition to that, Hinman did put aside the early stages of Ethereum and its fundraising. Furthermore, he did also mention several requirements for a cryptocurrency to be potentially viewed as something else than “a security.” These requirements would require no third-party promoter and a sufficiently decentralized network, among many other requirements like no reliance on entrepreneurship of a company's leadership. However, after Ryan Fugger sold his project in 2012, the development of Ripple blockchain technology solely relied on the company's new management. Furthermore, the management (allegedly) profited from the sales of XRP as Larsen and Garlinghouse executed personal sales worth approximately 600 mil. USD. In our opinion, all these points represent a significant obstacle for Ripple to winning the SEC lawsuit. DISCLAIMER: This content is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade. The article serves solely educational purposes and contains merely alleged information and not actual claims about the actions of those described in the article.
BITSTAMP:XRPUSD
by Tradersweekly
100
Ripple - positive dynamics + news background. Accumulation for 130 days ended with a successful test of purchases, followed by an exit from the trading range on the rising volume of purchases. This instrument has all the prerequisites to start trending upward, and the news background is supporting the positive dynamics: the SEC and Ripple Labs have filed motions for summary judgment on a possible violation of the Securities Act. Plaintiff and defendant explained that the judge had sufficient information to do so. The company's lawyers pointed out that the Commission had run out of arguments in trying to prove that the XRP sales constituted an "investment contract." The SEC noted that it was able to confirm this. If you like the idea, please like it. That's the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy.
by Artem_Dishel
4
Ripple: Fighter 🥊🥊Makes me that much stronger Makes me work a little bit harder It makes me that much wiser So thanks for making me a fighter Made me learn a little bit faster Made my skin a little bit thicker Makes me that much smarter So thanks for making me a fighter Although we are quite sure that she is not, Christina Aguilera could very well be speaking from Ripple’s point of view in her song Fighter. The altcoin has been battling its way upwards and has nearly managed to reach the upper yellow zone between $0.5691 and $0.6329. Now, it should rebuild and then continue to climb into this area, where it should then finish wave (3) in yellow. After a countermovement into the lower yellow zone between $0.5250 and $0.4756 to complete wave (4) in yellow, Ripple should resume the overarching ascent.
KRAKEN:XRPUSD
by MarketIntel
1
Short term relief bounce before fallingXRP/USD Bullish Case - Bounce from this M or double top bottom. - RSI, MACD and Histogram looks to want to reverse as it is close to oversold on the LTFs (5min, 15min, 30min, 1hour) - Possible retest at 0.382 fib area which is approx. $0.4754 Bearish Case - Break down past the bottom of the M or double top pattern and we go to next support at approx $0.45 which is the 0.5fib retrace. - RSI, MACD and Histogram looks to want to continue on down on the HTFs (8hr, 12hr, 1day) I am more bearish than bullish still, thoughts?
BINANCE:XRPUSDShort
by CryptoFallen
1
XRP Symmetrical Triangle reversal?XRP/USD Bullish Case - Reclaim the triangle at $0.5 - Hourly RSI, MACD and Histogram looks to want to reverse - Symmetrical Triangle generally are a continuation patter, generally 80% chance breaking upside, but since it has broken down, this is not likely Bearish Case - Broke out of Symmetrical triangle and KOBO (kiss off bugger off) touch and retest to be rejected. - Below 50MA on the hourly - Break down can bring us to the 0.618 fib, which is $0.42 area I am more bearish than bullish , thoughts?
BINANCE:XRPUSDShort
by CryptoFallen
5