XRP - Backtest doneHi, this is my new update for XRP. We have big price action right now, XRP fall from $1.96 to $1.57 in 30 min, that is 21% fall. I think we have now backtested the support level $1.58 and right now we have broken below the 50% retracement support level, but once we close todays candle above $1.73, then everything is fine. Be cautious, if we break below the support level $1.58, the next target will be around $1.36. So be patient and don't PANIC, XRP is still BULLISH ;)
Rippleusd
XRP (Ripple) Coin Analysis 19/03/2021Fundamentals:
To begin with, it’s important to understand the difference between XRP, Ripple and RippleNet. XRP is the currency that runs on a digital payment platform called RippleNet, which is on top of a distributed ledger database called XRP Ledger. While RippleNet is run by a company called Ripple, the XRP Ledger is open-source and is not based on blockchain, but rather the previously mentioned distributed ledger database.
The RippleNet payment platform is a real-time gross settlement (RTGS) system that aims to enable instant monetary transactions globally. While XRP is the cryptocurrency native to the XRP Ledger, you can actually use any currency to transact on the platform.
While the idea behind the Ripple payment platform was first voiced in 2004 by Ryan Fugger, it wasn’t until Jed McCaleb and Chris Larson took over the project in 2012 that Ripple began to be built (at the time, it was also called OpenCoin).
XRP was created by Ripple to be a speedy, less costly and more scalable alternative to both other digital assets and existing monetary payment platforms like SWIFT.
RippleNet’s ledger is maintained by the global XRP Community, with Ripple the company as an active member. The XRP Ledger processes transactions roughly every 3-5 seconds, or whenever independent validator nodes come to a consensus on both the order and validity of XRP transactions — as opposed to proof-of-work mining like Bitcoin (BTC). Anyone can be a Ripple validator, and the list is currently made up of Ripple along with universities, financial institutions and others.
The live XRP price today is $0.473799 USD with a 24-hour trading volume of $2,833,524,754 USD. XRP is down 1.35% in the last 24 hours. The current CoinMarketCap ranking is #7, with a live market cap of $21,512,378,294 USD. It has a circulating supply of 45,404,028,640 XRP coins and a max. supply of 100,000,000,000 XRP coins.
The top exchanges for trading in XRP are currently Binance, Huobi Global, Bybit, OKEx, and BitZ. You can find others listed on our crypto exchanges page.
Technical Analysis:
there are total of 3 Targets Defined by Fibonacci Projection
3 TP is very dependent on the Process of the 2TP achievement. (Triger followed some retracement)
$XRP $XRPUSDT Ripple PT 2-2.25 and higherRipple executives file to dismiss SEC lawsuit as XRP prices soar
Tailwind of legal wins propel XRP’s market cap past US$70 billion as Ripple CEO and chairman ask court to drop SEC’s charges against them.
On the back of twin legal victories last week as part of pre-trial discovery, Ripple CEO Brad Garlinghouse and chairman Chris Larsen are asking a judge to dismiss the U.S. Securities and Exchange Commission’s lawsuit against them permanently.
According to legal filings on April 12, Garlinghouse and Larsen have submitted motions to U.S. District Court Judge Analisa Torres to dismiss the SEC’s first amended complaint against them with prejudice. If granted, it would end the lawsuit against them and prevent the SEC from refiling the same charges in the future.
“The SEC is straining to invoke a World War II-era precedent about orange groves to the nascent technology around digital assets and blockchain. It does not work in this case, and this effort to destroy Ripple Labs Inc. (“Ripple”), a vibrant U.S. company that has spent years working to develop technology to make cross-border payments faster, cheaper, and more reliable, will be dealt with on summary judgment,” stated Garlinghouse’s attorneys in their preliminary statement, which called the lawsuit “the SEC’s extraordinary decision to sue individuals in the face of years of regulatory uncertainty about how it would try to regulate this new technology.”
In their statement, Larsen’s attorneys said: “The SEC seeks to re
XRP IS ON FIRE Hi, this is my new update for XRP. 2 days ago I told you that XRP is getting ready for the resistance $1.58-1.73 and the 50% retracement level and I told you 50% retracement level is very critical for XRP, but now we have broken both of them. The next resistance for XRP is around $2 and after that we are ready for ATH. Once we break that trendline we are going to MOON. So be prepared and don't PANIC ;)
XRP Buy a Break Setup.XRPUSDT - Intraday - We look to Buy a break of 1.505 (stop at 1.434)
Daily signals are bullish.
Price continues to trade within the triangle formation.
The bias is to break to the upside.
The previous swing high is located at 1.496.
A break of 1.500 is needed to confirm follow through bullish momentum.
We look for gains to be extended today.
Our profit targets will be 1.697 and 1.784
Resistance: 1.420 / 1.500 / 1.6000
Support: 1.350 / 1.300 / 1.200
XRP eyes $2 if this crucial support remains unshaken
Ripple defends crucial technical support as bulls resume the uptrend above $1.4.
Price action remains lethargic, but buyers target sending XRP toward $2.
Ripple corrected from the recent yearly high at $1.5 but embraced $1.3. Holding onto this support played a key role in ensuring that XRP resumes the uptrend. Otherwise, the bearish outlook pointed toward a drop to $1.12 or $1. Meanwhile, the cross-border cryptocurrency must defend the critical short-term technical pattern to secure the uptrend toward $2.
Ripple bulls could emerge triumphant
Ripple dances within an ascending parallel pattern, as observed on the four-hour chart. The middle boundary layer provides immediate support. Holding above this vital anchor ensures that XRP remains in the upward trajectory.
The bulls appear to be facing resistance toward $2. The rebound from $1.3 failed to overcome the resistance at $1.8. A break past $1.5 will likely trigger massive buy orders toward $2 as speculation mounts within the XRP community.
The least resistance path is undetermined at the time of writing. The Moving Average Convergence Divergence (MACD) indicator currently moves sideways within the positive region. The MACD line (blue) maintains the position marginally under the signal line. Crossing above the signal line would send a bullish signal as buyers stream in to take advantage of the breakout to $2.
It is worth mentioning that closing the day under the channel’s middle support is bound to trigger significant losses. Support at $1.2 may be tested, but if the price cracks the anchor at the channel’s lower edge, the gravitational force that comes into the picture may extend the bearish leg to $1.
Ripple intraday levels
Spot rate: $1.43
Trend: Sideways
Volatility: High
Support: $1.4 and $1.2
Resistance: $1.48 and $1.5
XRP - Ready for $1.58-1.73? Hi, this is my new update for XRP. In the last 4 days XRP has gone up 160% and it is normal to see a small correction. We have now tested the support level $1.35 multiple times in 15min chart and it held very well, but if we want to get confirmation, so we have to close todays candle above it. If the support level $1.35 breaks we are going to see $1.20, but I think we are going to see a correction around resistance level $1.58-1.73, because we have both resistance and 50% retracement level from the whole bear market. Usually XRP gets a small correction when it gets near 50% retracement level. So we have a BIG resistance level between $1.58-1.73, but if we break it we are ready for ATH. So be prepared and don't PANIC, XRP is still BULLISH ;)