Rippleusdt
4H $Ripple $XRPDue To Covid Everything Is Delay. Even Olympic Is Still 2020 even after we are watching it in 2021.
So IMO This #Ripple #XRP 1,000$+ Is Possible After Lawsuit & Utility Kicks In 2021 Is 2020
By fully diluted market cap this would be approx:
Bitcoin: $4Trillion
Ethereum: $2Trillion
XRP: $106Trillion
Litecoin: $0.08Trillion
Those are some wildly inconsistent market caps. The BTC and ETH projections seem reasonable end of this year. XRP at $30 would be more in line.
XRP Story !Ripple! Ripple and the story of the court and the lawsuit and the paperwork have probably ended up in Ripple's favor! Be careful -> Probably!
So from a technical point of view, Ripple is in a downward channel in daily time frame!
And we know that descending channels are basically broken from the roof!
Also, the price above the midline of the channel is forming a downward corner pattern. (Descending wedge) (descending wedge indicates price growth)
So the evidence shows, if Bitcoin closes its weekly candle above 38K! We will probably see the growth of this adventurous Altcoin and the remnant of growth!
XRP Price Prediction: XRP Struggles At $1.1
XRP price struggles to sustain around $1.1 amid bearish calls that risk another drop to $0.92.
The US SEC maintains that the DPP protects its internal documents, and therefore Ripple has no right to request access.
Ripple is dancing around $1 after plunging from a September high of $1.4 and testing support at $0.92. The international money transfer token has not made significant progress since regaining ground above $1. A barrier at $1.14 proves an uphill battle to the bulls, who seem to have resorted to playing defense at $1.1.
XRP Price Downside Not Exhausted
Ripple price did not bottom following the drop to $0.92. Hence, bulls lack the momentum to take on the hurdles at $1.14 and $1.2, respectively. The general technical picture enhances the bearish outlook in the market, implying that XRP could correct further before a formidable recovery comes into the picture.
The Moving Average Convergence Divergence (MACD) indicator displays a bearish signal on the daily chart. The call to sell XRP first appeared on August 24 and was later reinforced on September 6. With the MACD moving into the negative region, Ripple is bound to explore lower levels at $1 and toward $0.92.
Meanwhile, all is not lost for the bulls when the 50-day Simple Moving Average (SMA) is considered. This moving average played a crucial role in halting the declines last week, allowing buyers to retake control. If it remains in place and unbroken, Ripple will have the chance to fight for gains back to $1.4 without having to drop to $0.92 first.
The SEC Deals Ripple A Blow In The Lawsuit
A lawsuit seeking to categorize XRP as a security token continues to drag on in the US courts. Ripple is currently requesting access to internal documents from the Securities and Exchange Commission (SEC) to develop a wholesome defense.
However, in a letter to Judge Sarah Netburn, the SEC claims that all the documents are privileged and protected by the deliberative process privilege (DPP). The letter states in detail:
“Many are also protected by the attorney-client privilege and the work product doctrine. The compelled release of the SEC’s predecisional deliberations relating to digital assets would discourage meaningful deliberation among SEC officials and staff relating to investigations, potential cases, and other regulatory activities taken or under consideration in a field where regulation carries significant consequences for the financial markets.”
The SEC continued:
“The Court should not pierce the SEC’s DPP and other privileges, particularly when the documents are irrelevant to Defendants’ proffered defense,” the agency continued, adding that “piercing the government’s privilege as a litigant over materials prepared in advance of litigation would be extraordinary and inappropriate.”
With the SEC taking a stand against supplying privileged documents, Ripple will likely file a motion to oppose the regulator’s letter on September 28. Nonetheless, Judge Netburn is expected to conduct an in-camera review of the SEC’s internal documents while considering the defendants and the plaintiff’s arguments on the DPP.
XRP: massive explosion immenent (XRP has waited long enough!)Hi Traders,
We are looking at the 4 hour chart.
As we can see, two massive cup and handle's have formed .
Furthermore, it looks like a mac-d cross is imminent
Good news concerning ripple's law suit could jump start the price.
This is not financial advice, I am not a financial advisor.
Enjoy
XRPUSDIt seems we need to reconsider our beliefs a bit.
According to the charts, the first target in XRP is probably the range of $ 3 as the previous ceiling in 2018.
After that, there is a possibility of correction up to $ 2.
And then it prepares for the second goal in the next 7 months, the $ 5 range.
The XRP rate is expected to be above $ 10 in 2022.
XRP Crumbles From July Highs, Risks Exploring Levels Under $0.7
XRP price failed to extend the bullish leg to $0.8 following the gains on the weekend.
Ripple hunts for support at the 50 SMA to avert losses under $0.7.
The MACD and the RSI reinforce the bearish outlook, leaving XRP vulnerable to losses.
Ripple price has continued with an upward roll started after July’s worst selloff that saw it plummet to $0.52. The international money transfer token seems to have restored investor interest, especially with the launch of the On-Demand Liquidity (ODL) remittance corridor between Japan and the Philippines.
The payments corridor tapping into Ripple’s flagship blockchain service is significant because of the nearly $2 billion a year remittance market between the two companies. Following this news, XRP made hastes stepping above $0.7. The bullish leg stretched toward $0.8 over the weekend but stalled around $0.78 on some exchanges like Bitfinex.
XRP Price Engages Reverse Gears At Full Throttle
Ripple is trading at $0.72 in the wake of rejection from $0.78. Since the recovery began last month, the price action shaped in an ascending parallel pattern. The channel’s upper edge contributed to the overhead pressure, cutting short XRP’s bid for $0.8 and $1.
Besides, a break under the middle boundary appears to have put bears completely in control. Hence, Ripple needs to hold the support at the 50 Simple Moving Average (SMA) and the channel’s lower boundary. This will ensure that losses do not stretch to $0.7 and explore levels further down.
It is worth mentioning that the short-term technical picture is mainly bearish, starting with the Moving Average Convergence Divergence (MACD). A sell signal from this trend-following tool appeared when the 12-day EMA crossed below the 26-day EMA. Note that the odds for a bearish outlook soar as the MACD moves closer to the mean line.
The Relative Strength Index (RSI) adds credibility to the bearish narrative, especially with the ongoing retreat from the oversold region. Sellers will get more aggressive if the RSI confirms movement below the midline and closes the gap to the oversold area.
Ripple Price Intraday Levels
Spot rate: $0.722
Trend: Bearish
Volatility: Expanding
Support: The 50 SMA and $0.7
Resistance: $0.75 and $0.78
Using the Fib Wedge tool XRPUSD The wedge tool can be demonstrated here
XRP can be seen in 2014 (the early days) pumping periodically throughout fib ranges
When finished it led to a massive breakout.
Now the current rising broadening wedge can be seen to be pumping in the same periodic matter
Is this a sign of a large bull move coming? maybe.
The only difference is this time the wedge is expanding as price is rising.
While before the price was falling as the wedge was tightening.
This is makes the situations kind of equal in a way.
In green circles (flag emoji) very similar price action can be seen.
Below is a clearer version of the current ascending wedge on XRP
Ripple - Is it a trap again or will XRP fly up 😱❓What's on the Ripple chart now?
This is the second time Ripple has broken the trend line, which has been building since June 19. The first time it was a trap. Could it also be a trap? Of course, it is! From a technical analysis point of view, it is a good buying opportunity, as the price has broken the resistance line and is now testing it as support.
If this support line holds, the price will probably go significantly higher, but if it doesn't and the price goes back lower, it will likely fall back to the marked area.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Ripple D1 Analysis - ''Door Up" Open or Not?Although bullish hidden divergence and divergence have formed but it is only a divergence in one valley which indicates the increase is only temporary.
I expect the downward momentum to remain strong and will likely go to the previous fibo buy level area around 0.47562 to 0.24400 to complete the pullback.
Looking at the fundamentals of Ripple or XRP, it is one of the Altcoins that has great potential to be part of the portfolio. The price is now very low and very worth it to grab and hold for the long term.
XRP, Ripple - 2 local entry points for coin.Take a look at whereI see two options for trading:
1. We have a local low at 0.5691. If we touch it several times and start trading near it, the chance of breaking down is very high. The entry point after the breakout and retest of the support line.
2 . We have a local resistance line. I'll consider it for a breakthrough in case of a squeeze to the level. If it happens, I'll enter after the breakout and retesting accordingly.
Write in the comments all your questions and instrument analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Ripple- Next target 0.4?As expected, XrpUsd has broken 0.8 support and now is trading at 0.75
My outlook for the crypto market remains grossly bearish and I expect Ripple to reach 0.4 in the next wave of selling
0.8 is now resistance and rallies to that zone should be sold
Only Ripple above 1usd would put a pause on this outlook
XRP, Ripple - I don't open buy position now. I'm waiting for...Like a lot of top coins, XRP broke the resistance line. I don't like this breakout because we didn't have a big volume for it. Now isn't a good time to do something. The best way, to wait for retesting to key level 0.8437 and open buy position with a small stop-loss after it.