XRP slides beneath $1, but bulls lock eyes on $1.2Ripple remarkably cleared the path to $1 after the nerve-shattering breakdown to $0.65. Moreover, the price lifted to $1.07 before losing momentum. On Wednesday, the primary battle was to keep XRP afloat at $1, although bulls lost the bid.
A correction came into the picture, forcing Ripple to explore the area under $1 again. The previous support at $0.9 played an essential role in preventing declines from extending further. Meanwhile, XRP trades at $0.95 amid, as bulls plan another takeover.
Ripple eyes another liftoff past $1
XRP bulls might have lost the fight above $1 but remain relentless in the mission to hit higher levels at $1.2 and $1.4. The technical picture currently sends mixed messages, especially with the Moving Average Convergence Divergence (MACD) stuck under in the negative region.
This technical indicator identifies positions to buy the dip and sell the top. For instance, a buy signal occurred following the bounce from last week’s support at $0.65. The call manifests by the MACD line (blue) crossing above the signal line.
Note that the trend would have tuned massively bullish if the indicator cracked into the positive region.
With the MACD line likelihood of sliding under the signal line, the bearish grip will become stronger.
A break above $1, a resistance highlighted by the 50 Simple Moving Average (SMA), would call more buyers into the market. A surge in the tailwind force is bound to bolster Ripple past the critical $1.2 level and perhaps resume the uptrend heading to $1.4.
Ripple intraday levels
Spot rate: $0.95
Trend: Bearish biased
Volatility: Low
Support: $0.9, $0.8 and $0.65
Resistance: $the 50 SMA, $1.2 and $1.4
Rippleusd
XRP price tiptoes above $1Ripple intends to deal with high gas fees in the non-fungible token (NFT) marketplaces. Despite the NFT flooding the cryptocurrency space headlines, especially in the first quarter of 2021, high gas fees have almost crippled the sector.
The drastic rise in the NFT culture is a story to reckon with; however, users are forces to accept dwindling interest due to the challenging process of transferring ownership.
On the brighter side, Ripple has made public the plan to combat the challenge by integrating the NFT marketplaces on the XRP Ledger. The development will favor both buyers and sellers in the relatively new sector. Moreover, the integration is a welcome for all, keeping in mind that the novel consensus XRPL uses to validate transactions utilizes minimal amounts of energy. According to a statement from the blockchain company:
“Building on the XRP Ledger provides developers a unique opportunity to run more sustainable NFT apps and marketplaces while eliminating a heavy burden for the planet.”
Ripple price rises above $1
Ripple had on Tuesday corrected from levels marginally above $1 after bulls ran out of steam to continue with the uptrend trailing from the primary support at $0.65. Higher buyer congestion at $0.9 ensured that focus remained on recovery; hence, the liftoff above $1.
The Moving Average Convergence Divergence (MACD) indicator validates the prevailing uptrend as it closes the gap to the zero line (0.00). Besides, the MACD keeps widening the divergence above the signal line, affirming the bullish grip.
Similarly, the Relative Strength Index (RSI) has a bullish outlook based on its movement from the oversold area toward the overbought region. On the upside, XRP must deal with the resistance at the 50 Simple Moving Average (SMA), which will allow bulls to gaze at higher levels around $1.4.
Ripple intraday levels
Spot rate: $1
Trend: Bullish
Volatility: Low
Support: $0.9 and $0.8
Resistance: the 50 SMA, $1.2 and $1.4
XRP Still on the trendi didn't touch anything from my last XRP analyse.
i just added a Fibo Channel Line to show that XRP bounced exactly on WSMA200 + Fibo. (Yellow Circle)
When BTC down and getting dominance, strong hands are switching back to TheKing, and then when it's time, switch again to charge their loved altcoins.
- We could get more delays but Targets are unchanged from my last analyse.
This is not the end but the start! Hodl!
Happy Tr4Ding !
XRP Update 1 XRP has still above the bottom support of the historical uptrend and it seems that has returned back to the up (Short Time). But the nearest resistance 0.97 will be faced very soon and then we can only decide as per the action against the resistance. If it break up the resistance , hope would bring back for the rest of the uptrend. If not , we should stay and see what happen. The next support is 0.73 .
Note : Don't forget to analyze by yourself before any action.
XRP retesting supportRipple is retesting support at 0.6367 level. We can observe it to respect that price and bouncing of of it. This level represents top of triangle we were talking about in March this year.
On top of that XRP is forming a channel so there is a chance for nice pull back.
Ichimoku: Chikou under price, SS1 under SS2 plus we experienced massive drop below Kumo, retest and further fall.
Personally I took my chances and Bought at the retest and hoping for at least temporary growth. Hopefully Crypto will recover and we well have another move up.
XRP - Finally We Have Tested A Big Support Level Hi, this is my new update for XRP. In the last 7 days XRP has fallen over 60% and I know most people will panic selling right now, but I hope this analysis helps you little bit. 2 months ago when we broke the 3 years resistance level $0.65-0.75, we never backtested it, but today we finally have done it + we have backtested the SMA200 and I expect this level is strong enough to hold. If we compare this structure to 2017 bullrun, we see something similar and that is a big pullback around 60% and we all know what happened after that, so if we repeat the same structure it will take us all the way to 4.236 fibonacci level, also $10. I expect this to happen when Bitcoin is retracing from $32000 to $47000-52000 and after that the bullrun in crypto is DONE. I say this because XRP is always lagging behind and it is one of the coins that has always finished the bullrun in crypto. So be patient and don't Panic.
Red Alert Area XRP! Watch Out! $0.62Hi, We are down from the the last 3 months supports. Watch out. Portfolio Crusher.
Hold on tight, There are some good days and some bad too. Go strong during this time.
I would suggest let the bad news pass and wait for good things to happen.
and #xrpcommunity Justice delayed is justice denied.
RIPPLE: BEARISH CHANNEL - WAITING REVERSAL - LONG SETUP 🔔Welcome back Traders, Investors, and Community!
Check the Links on BIO and If you LIKE this analysis, Please support our page by hitting the LIKE 👍 button
Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this.
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
Have a Good Day Trading !
Short term Short opportunity for XRPXRP is moving south again and going by the chart, it is heading towards point E on the chart.
This is would be end of the cycle and XRP should bounce off point E and then breaking the upper part of the triangle.
What would be interesting to see if it will be able to break the Resistance at $1. If it does then its good sign. however it looks unlikely.
If you like my analysis then do drop a LIKE and a COMMENT. Also do SHARE it with your friends.
Also don't forget to smash that FOLLOW button to get daily analysis of multiple crypto currencies and sometime ASX stocks.
Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
RIPPLE IN REACCUMULATION PHASELooks like we are in a reaccumulation phase on Ripple. I expect price to take out liquidity to trigger the block at the secondary test in phase b (STb), rallying up to fill up imbalance and then go for the final shake out at the spring. drop comments below on your take.
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.”
XRP 3D What if this is the way to the absolute maximum?To begin with, we are traders, not fans of crypto projects.
For us, each crypt is another tool on which we want to increase our assets.
XRP is a specific coin that, with its growth in 2017, has created a whole cult of ardent fans called: "$10 Ripple".
It's been 4 years now, and XRP still can't get to the ATH mark around $3.30, which was set in early 2018.
But can it still be done in the coming months?
Let's take a look at the XRPUSDT chart globally
The fall on 19.05.2021 stopped in the zone of $0.75-0.85 depending on the crypto exchange - this is a strong mirror level.
At the same time, a large wedge can be drawn, within which the XRPUSD price is clearly moving, and buyers stopped the falls again at the lower border of the wedge.
In turn, the last two months, sellers were selling XRP around the level of $1.80 and the price was unable to gain a foothold above this level.
Based on the above data, we get a task with the following input:
- Buyers will try to raise the price of XRPUSDT again to the level of $1.75-1.80
- Sellers will again protect him, which is logical)
+ Winner Get All)
If the XRPUSDT price manages to gain a foothold above $1.80 , and then retest this level for strength, then the path will open for growth to the desired maximum around $3.30.
Moreover, Ripple can move on an individual trajectory without looking too much towards BTC.
If the assault on $1.80 for buyers turns out to be a failure , then there is no doubt that the $3.30 mark for XRP will be taken, but before that the XRPUSD price will fall by $0.40 to gain strength there for a new upward assault.
XRPBTC global chart is also interesting
During the last 1.5 years there were 2 attempts and now there is a third one to break through the strong mirror level 0.00003800sat . up, but buyers fail yet.
If buyers still succeed break upwards in this in the near future, then the next level from above is 0.00006000sat. Such a theoretical course of events can greatly help with the growth in the XRPUSDT pair.
If the attempt to break upwards fails, then the XRPBTC pair will continue to trade in the lower division, and the price in the XRPUSD pair will go to recruit new investors at $0.40.
Let's discuss the possible future of the Ripple price in the comments.
In the crypt, the impossible does not happen, look at our top-15 ideas in recent months and their development, in which few people believed.
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea " boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)