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🔥 XRP AND THE HACK OF THE YEAR! 🔥🔥 Before I start I simply wanted to apologize, been working a lot of overtime the past few weeks and that's taken away from my ability to post as of lately, that being said I won't be doing ot as much this month so that I can post more often for you all and with any luck I can get a laptop soon so I'll be able to post from work for you all. Nonetheless thanks for tuning in, let's take a quick look at things as of lately. 🔥 The crypto space hasn't had any special or wild news as of lately thus what we've been dealing with has mainly been technical and to start that off we can analyze the two descending channel's that XRP's been dealt over the past few weeks which forced us into this range between 0.495 and 0.54 as Bulls and Bear's battled with our descending channels helping Bears gain the advantage, or at least till we got the chance to break out of the descending channel. Here's a chart below depicting the two descending channels. 🔥 The image above is posted from the 31st of January and since then we can see just how that channel alongside our horizontal levels have played a role over the last couple of days as shown below in a bigger picture chart: 🔥 On our last fall which saw our price action break down and below the descending channel that pushed us down to 0.492 at which that horizontal level acted as a support and buyers kicked in pushing us back up and ultimately through the channel to get a breakout from the descending channel. Since then we've had this ascending trend line help push us up and break away form that channel to ultimately regain the 200 EMA after retesting that 0.50 horizontal level which is in the dotted lines. 🔥 Now when we look at what's presented before us currently we see that horizontal level at 0.526 is kicking us back down again with resistance. What matters here is if we can keep above that 0.514 level as it should act as a support for us being that we've crossed above it now and if we can ultimately break 0.526. We already know that news is usually the driving force for XRP's price swings and if there's any news as of recently that's notable it's the hacking of Chris Larsen's wallet. 🔥 For anyone unaware, Chris Larsen is one of Ripple's co-founder's and the executive chairman. Around $112 million worth of XRP was stolen from the executive's crypto wallet and it was noted that most of the funds we're already laundered through several crypto exchanges and platforms such as Binance and Kraken, both of which have already frozen the funds and accounts on their exchanges though the same can't be confirmed by the other exchanges that the hackers may have transferred funds to so there's no certainty on whether or not the $112 million is completely safe or if the hackers still have a means of selling the XRP in one way or another. 🔥 This hack sums up to the largest cryptocurrency hack/theft of the 2024 year thus far according to data on behalf of Rekt which is a website that tracks and highlights crypto and web3 breaches and hacks. The link to the article is below for any that may want to read more into things: techcrunch.com 🔥 That's basically been the highlight of the week with XRP so far and any price action we get is likely gonna be on behalf of whale's trading and the details that may emerge as we get more information on the co-founders wallet hack which should be in the next few days. So expect some possible consolidation as price will likely search for the next direction. That being said definitely watch the 200 EMA, we already know it's significance and just what it can mean if we lose it again. 🔥 Don't want to make the idea too long so I'll leave things here for now but wanted to give you guys a quick follow up on things and what exactly we've had going on. I know it's not much but we don't exactly have too much going no right now, things in the crypto world are pretty calm as far as news and action goes so it's up to traders and whales to make the move over the next few days using what they can, I'll make sure to keep posted more and update you all of course. Thanks as always and all the best till next. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
🔥 XRP'S WEEKLY UPDATE 🔥🔥 Hey! Thanks for stopping by! Appreciate it as always, this should be a quick update and all. 🔥 Before we get started the link and chart of the previous idea is linked below, simply click on the chart and she idea should pop up. 🔥 That being said we did expect a possible further drop if we we're to fail to regained and break back above 0.55. Now looking back we can see that did happen and we promptly got pulled back down into our descending channel. I've extended the channel from the previous idea in blue lines to highlight the new section, it's the same as the previous, simply extended. 🔥 Anyway it's a good thing we had those horizontal level's, can see just how much of an impact those horizontal levels played from that tug a war that happened between the 23rd and 25th at the 0.51 cent level before we slipped down. 🔥 Buyers did pull through though managing to keep us above 0.492 for the lowest dip of the week and above 0.50 by which then we did get that pull back up and broke out from the descending chanenl to break the 0.51 level and that pushed us till 0.539 where we hit another resistance level. 🔥 This sounds simply and all, but simply and dumb as this may sound sometimes, that's simply as it is, the levels do the job pretty well alongside the 200 EMA, it's simply about watching them and seeing whether or not we stay above or fall below one level and understanding that from below that becomes resistance and above it becomes support to put it simple. 🔥 So we've had that happen and Bitcoin's managed to regain some of the losses over the past 2 weeks managing to pull up 5.87% this week and reestablish ground above $40,000. The ground feels to be thawing but it's not quite done just yet. Definitely feel free to add any alerts at these levels as we already know they do the deed. I have to go but wanted to give a quick follow up for you guys, hope everything is going well and keep tuned till next! ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
📉 THE FALL. WHAT HAPPENED? 📉📉 Hi, sure you guys are busy and all so I'll keep this idea short and yet important as usual, thanks for tuning in of course. Really do appreciate it as always. 📉 Seems XRP has been dragged down alongside Bitcoin and the rest of the market in a sort of 'buy the rumors, sell the news' event. It's nothing crazy considering we've seen this happen many times before but to see this kind off fall still is never easy to take in. 📉 In my previous idea I added this new descending channel that I had seen form and I did point out that we may end up getting rejected and dragged down further thanks to that channel which is exactly what's happened basically. If you compare the chart below from the previous idea to what we've got currently you can see that's indeed been the case. 📉 And here is the descending channel extended on the 30 minute timeframe: 📉 Anyway with us having been dragged down thanks to the channel and failing to regain our 200 EMA that helped clear the path for bears to drag us further down and ultimately break below our support of 0.56 and 0.55 which saw us even hit 0.526 at one point breaking through our horizontal levels down below as depicted: 📉 So it's not exactly like we've had any bad news but we haven't had any good news either and the fall was only intensified in due part to even more liquidations being executed as Bitcoin dropped out of the 45k point to the $41-42,000 range where it's fighting right now. This alongside the SEC v Ripple case still ongoing with a further developments of which can be read below in the linked article: www.fxempire.com 📉 Investors are basically at a 'not sure' point from what I can tell right now, first thing is that we've been fighting to break back above 0.55 since our fall below thanks again to the descending channel so whether or not we can regain that will simply have to be seen but if we can't then expect a further drop and please pay mind to my horizontal levels in my charts. I haven't added any new levels in a few week and they still do the job just fine, here's more of the levels further below in case you guys would like to add them to your own charts. 📉 I'm leaving the idea there, good news is that we have indeed exited our descending channel so we don't have to worry as much right now with falling down further but the chance is still there, especially as investors grapple with Bitcoin's fall the past couple days since the ETF filings so we're on thin ice right now. I'm sitting and letting the river flow, setting an alert for 0.54 and 0.53 in case we do slip further down should we not regain that 200 EMA. 📉 Leaving the idea there for now but just know that whatever happens over the next few days will mainly be thanks to Bitcoin and XRP is simply going in flow with bitcoin much like the rest of the market is overall, we're use to this we've been here time and time again, and just like we've been here we'll manage and get through things and persevere. All that matters is how much will one has. Thanks for coming by as always, will definitely try to post more this month and ahead, so please keep tuned and feel free to follow and leave a like, really helps me out with these ideas, thanks so much and all the best till then. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
⭐️ The Market Draws a Trend ⭐️ Continued ⭐️⭐️ Hi! This idea won't take too long, it's late night after all and I simply wanted to make a quick follow up before I caught some much needed sleep for the night, thanks for tuning in as always, we'll keep things short. ⭐️ Following up from my last idea which is linked and showed in the chart below we did highlight this new channel that's formed following that flash crash we got hit with at the start of the month and that's given us some insight as to what we we're possibly facing and seems that traders did in fact take the action once we lost our ascending channel. ⭐️ In our previous idea we called on the fact hat 0.55 and 0.56 respectively we're some pretty good support levels and that you guys should put up some alerts and curiously enough we did get that drop down to 0.56 with the wick's extension still representing the strength we've got there. I said it in the last idea and I'll reiterate it, even with the support showing and all that doesn't mean 0.55 and 0.56 are the bedrock bottoms for us, the risk for more downside is always there just as there is the fact that at any moment we could have some news and get a crazy jump, you simply never know. ⭐️ What we do know though is that since our exit from the ascending channel in which we also lost the 200 EMA we've been in this descending channel and chances are more than likely traders simply want to see which way we break out from this one. I don't see this descending channel having as big of an impact as our ascending channel, the ascending channel carried a lot of strength with it, especially thanks to our bottom after the flash crash but our current channel feels more minor and more likely than not in the next few days or even tomorrow we could get a breakout to the upside. ⭐️ Since the formation of this channel we can see how bulls have managed to keep price from slipping further out of the channel, I did add in a little black arrow to point out the spot where we can especially see that. Personally I'm looking out for a breakout to the upside and out of the channel but if we keep getting rejecting whilst trying to break out expect some more of a tug a war till we get a break one way or another. And below is the chart with the descending channel. ⭐️ That's the main thing for now, I'll leave it there but I appreciate you guys stopping by as always and wish the best till next! Let's simply keep positive and keep faith as always in ourselves and avoid stressing over things, take some time, have some tea and make sure you give yourself the 'you' moment today that you deserve. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
3
⭐️ The Market Draws a Trend ⭐️⭐️ Hey hey! Hope everyone's been well been a few days but so much has happened. Following up from my last idea it's crazy to see that we in fact did get that spring jumping up to 0.62 with that announcement of the Bitcoin ETF on the 10th as well as XRP's successful exit out of our descending wedge. So we had that as well as the fact that we caught our 200 EMA again and that definitely helped to reel us back up. Here's a link to the chart/idea below: ⭐️ Anyway I said this would be short so here's the current wedge I've drawn out that's formed since our impulse move up to 0.61 and 0.62 respectively. The wedge is on the 30 minute chart and on our main chart up above I've added this ascending channel which will likely continue to play a role in the next few days/weeks. ⭐️ Main thing traders are likely watching for is whether or not we get that break to the upside or down, basically the same as the move we just went though previously. So that alongside the 200 EMA and if we can keep ahold of it. That being said 0.55 has been doing well for support with our second wick down to that level being kept closed at 0.56 and above thus there's definitely a good support level there. ⭐️ While it's a good support level it also doesn't mean that it's bedrock or an absolute bottom, we should always consider the unexpected and on that note I'd definitely set some alerts at 0.56 and .55 just in case we do get a break down out of our wedge and come to retest those levels. ⭐️ I'll leave the idea there for now, but overall it's been a good week everything considered, so happy to finally be at a point where crypto is getting recognition, it's taken a few years but it's good to know the train is moving and getting going. Thanks for coming by as always, I appreciate each and every single one of you guys as usual and wish nothing but the best till next, thank you! ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
5
💥 XRP GETTING READY TO SPRING? READ 💥💥 Been a pretty interesting week everything considered, Bitcoin managed to hit that $45,000 mark only to be hit with a flash crash following a rather innocuous article coming out on behalf of an author from Matrixport who gave their thoughts on why they think the SEC will reject a spot Bitcoin ETF once again which promptly spooked the market into a rather quick sell-off which recovered just as quick. Below is a link to that matrix article for reference. www.matrixport.com 💥 Main catalyst here was the fact that off that article which spooked investors some whales definitely sold rather large positions across the crypto market prompting the fall which was only sunk further due in part to Long future positions being liquidated which created a domino effect and cascade. We've seen this before and this time was no different. This was Bitcoin's biggest drop in over a month with nearly $700 million in liquidations over the 24 hour period of January the 3rd. Bitcoin accounted for $170 million of that and all of the data is thanks to Coinglass of course. Here's a link below to a reference article. cryptoslate.com 💥Anyway, that dragged the market down before we got a prompt recovery though that doesn't mean we got out of the waters. Since the drop we've struggled to break back above 0.60 with us then forming this line of resistance helping to make up the current descending triangle we're in at the moment. I've added that in accented black lines below to display the triangle. And below are two option's or cases with breakouts happening to both the upside as well as the upside for visual representation. 💥 A breakout is definitely what traders are waiting for right now, we've seen this time and time before especially with XRP, for whatever reason XRP love's these descending triangles after those big mountain falls and more than likely we'll get a spring back up which could help us see 0.60 broken should traders get that confirmation and regain the 200 EMA which we also have drifted far apart from, a meeting soon could be due. Below is a quick reference to the same descending channel from yesterday: 💥 Also watch 0.571 to 0.584, that's the second horizontal channel since we've fallen and has also been our main resistance at 0.571 since we fell out of that channel itself. We get that break out and break back into the second channel we'll probably have a pretty good chance at facing 0.59 and possibly breaking 0.60 too in the process. Here's a chart of the second channel from yesterday. I wasn't able to finish the post hence the title. 💥 There's no guarantee though, that's just a possibility as always till it happens, so just as we can get that breakout to the upside we can get rejected and get a breakout to the downside past that 0.560 level of support. Personally I see the chances of that being relative low unless we got some new update or negative article out regarding crypto or Bitcoin. 💥 XRP has a lot of support at 0.55 as this flash drop highlighted with that sharp pullback up and has managed to keep above 0.56 ever since then only having it's wick dip down below in a few instances. I'll keep the idea short and leave it here for now, I'm sure you all have a lot going on today but wanted to get some objective thoughts and a couple possible ideas of what our next move's may be looking like. 💥 With that all being said I appreciate you guys for sticking by my side, especially if you've made it this far in the idea. Thanks for taking the time to read some of my thoughts, hope you all are doing great as always, wishing nothing but the best till next! WE got this! ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
5
🥂 Happy New Year! Here's to 2024 and a Goodbye to 2023! 🥂🥂 It's with pleasant thoughts and a blissful peace that I'm happy to write up these few words for you guys, I can't believe today's the last day of 2023 and soon enough we'll be in 2024. 🥂 It is with great honor and pleasure that I'm able to say it's been a good year, sure it's had it's moments and could have been better but it's in those good moments that I learned a lot and gained some great memories. I'm grateful for my family, my kids, my blessings and more. This year has taught me to be grateful and count my blessings amongst all things else. 🥂 I wish nothing but the best for each and every single one of you guys as well as trading view which has allowed me to have this wonderful community, it's crazy to think that less than a year ago this family had less than a dozen people, and now I've got 684 followers or family members as I like to call you guys! It's been a crazy run up but I can't wait to see what the next year holds in store for us! I've got a feeling it's gonna be something especially worth. 🥂 For a quick technical aspect on things, we're still trending with this sort of back and forth wave between 0.60 and 0.65 as we keep getting smacked down whilst breaking 0.65. If I had to guess, as usual it'll likely be some more news that will be our catalyst for a rise and break past 0.65 but regardless I've got no complaints. I'm happy to keep stacking and sitting patiently. After all, patience is a virtue. 🥂 With this being my last post of the year. I'd like to wrap up this year on a happy note and give my blessings and thanks for each and every single one of you guys, this year will do us all much good, I know it and we deserve it. Here's a quick toast to each and every single one of you guys, let's wrap up 2023 and make the most of 2024! Till then, see you all next year! ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
3
📉 XRP'S QUICK FALL! TUNE IN! IMPORTANT 📉📉 Hi! Thanks for coming by as always! You already know what we're all about, gonna dive into things real quick and keep this shorts simple for you guys, I'm sure you all have more than enough going on likewise so let's get to what we need to know! 📉 Following up from my last post in which we pointed out some scenarios with the bearish scenario looking more likely as we we're last pointing on the fact that XRP was struggling to break 0.67 with low support from buyers amongst a mixed sentiment following a rather quick price hike over the week. The idea was ultimately finished with us putting down two points of support for 0.649 and 0.624 and if we take a look at our chart up above for the most recent data we can gather some quick data. 📉 I've added two number points with the 1 and 2 in the bubbles to point out the support point at 0.61, we can see how XRP plunged once it broke that 0.649 point below out horizontal level. That promptly sent the fall in perfect synchronicity to our 0.624 level. It's crazy, price went EXACTLY to the two support points I pointed out in the previous idea. Good to know our technical annotations are doing the job. 📉 Can see one of the major pushes here was the loss of the 200 EMA with us ultimately getting that mountain fall/exit out when we lost that 200 EMA in the quick sell-off most likely driven by a whale that wanted to see us break that 0.649 support. I've added a quick descending channel that did form which also contributed to the fall for analytical purposes. Ultimately this flash crash was likely the result of whales selling the news and possibly making money on some short positions as well, nothing unusual but now we simply watch for support. 📉 Watch 0.61 for that support though I see this being a much better point for support, we've also fallen quite a distance away from our 200 EMA so I wouldn't be shocked to see our chart start pulling back up to close the distance between the two soon enough but whether or not that happens will simply have to be seen. Leaving it at that for now but thanks for stopping by as always, really appreciate it and all the best till next. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
2
💥 XRP NEWS AND THE BREAK OUT! 💥💥 Hope you guys are doing well today! It's definitely been a busy week as usual but I'm real happy to be able to get the chance to post today! And what a sight for sure! Sure most of you have already heard about the XRP news so we'll delve into that real quick alongside some technical. Thanks for tuning in! 💥 Got some pretty good news this week with Uphold announcing the launch of a self custody wallet which will be going by the name 'Vault'. The wallet will support the XRP token as well as offer features to enable users to access their wallets should they ever lose their private keys. 💥 To put that into perspective Uphold has over 10 million customers across 140 countries even operating in the U.S and making sure to keep in line with state regulators. With the wallet to be launched in Beta eventually other tokens will be integrated such as Bitcoin though the news along has been a great catalyst for XRP with us only being 3% away now from toppling Binance coin which in itself would be a significant feat. 💥 In my last idea I noted that we'd likely need a catalyst for XRP to gain some more ground as usual and with that news having come through now it's good to see the market reacting alongside analytics of new user account growth. I mean wow, we even had Roblox add in XRP as a support payment last month. Crazy to see XRP continue it's journey. 💥 We'll do a quick technical then below and end it off there after to keep things short for today. And below today's chart with the add-ons and everything from the last post we shared just to give reference to the fact that we haven't added anything new. 💥 Again the above is today's chart before we added anything else. And now here's today's. 💥 Nothing new has been added, we simply extended the consolidation channel and the horizontal levels are the same as ever, XRP simply sticks to the technical very well thankfully, can see that clear resistance at 0.65 with us having gotten rejected twice before forming that higher high on the 3rd attempt with the uphold news helping no doubt. 💥 XRP did break out from the consolidation channel over the couple days following that sort of tug a war with us managing to avoid losing the 200 EMA as volume spiked and a lot more buyers seemed keen to enter at higher prices thanks to news and a change in sentiment, no doubt from a range of factors. 💥 Looking like we'll have a tough time breaking 0.67 with resistance already hitting on the 2 hour though that seems more like exhaustion and a lack of buying power up here as buyers contemplate on whether or not to buy following the relatively quick price rally this week, no doubt we're at that level of hesitance and the main driver is sentiment understandably. 💥 I see bulls targeting 70-80 cents understandably though for that we may just need a bit more news as again, we're at the point of uncertainty. Already seems like we're possibly reversing some or hitting that retracement button following the big move amongst which I'll be keeping track of 0.649 and 0.624 on the horizontal levels for support. No direction today, we already know XRP is pretty volatile after these announcements and it'd be best to give things time to settle depending on your position. 💥 Leaving my thoughts there for now, I've got a lot going on today and I wanted to keep this short. Thanks for stopping by as always, I've linked the article in reference to the Uphold news below for any who may also like to check that out. Anyway that's all for now, thanks for stopping by as always and wishing well till next! ~ Rock ' Uphold Reference link: www.theblock.co
BITSTAMP:XRPUSD
by Rocksorgate
5
🌊 XRP AND CALM WATERS 🌊FOLLOW UP 🌊 Felt like making a quick follow up to yesterday's chart so we're here now, thanks for stopping by as always. much appreciated! 🌊 Anyway, we're still within this consolidation channel and XRP has indeed regained that 200 EMA on the 1 and 2 hour timeframes which is a pretty good technical to see but we'll need some more confirmations such as a break above 0.624 to get a bullish trend. RSI is confirming price action for us so there is that as well. 🌊 Just as we already noted, main thing is that we exit this consolidation channel to the upside which will by which our catalyst will likely be news of some sorts as that's usually what sets off these major trends and waves as we sometimes get to see. 🌊 Fundamentally wise we don't have much for new developments so as to why price has been relatively calm the past few days. So to watch, that 200 EMA and our consolidation channel to see whether or not we can break up and out of it above that 0.624 mark to get some good price recovery action going which will likely be seen in the next few weeks. 🌊 Leaving the idea here for now, I have to attend to some things but thought it'd be good to jot down some quick things and share some quick thoughts for the day with you all. That's about it and thanks for stopping by, feel free to leave any likes or follows as always, helps me out bit by bit! ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
🌊 XRP AND CALM WATERS 🌊🌊 Been a bit busy these past few days with a lot going on at home but I wanted to stop by and give some quick words regarding what's up right now and what we could possibly be facing in the next few months. 🌊 One thing to note is that today the SEC is meeting behind closed doors to discuss a couple topics which range from Institution and settlement of administrative proceedings. resolution of litigation claims, matters related to litigation, etc. Main one is the resolution of litigation claims being that while not named direct likely includes the discussion of the XRP case by which the SEC is likely looking to figure out some form of resolution and with any luck bring this thing to a close. Below is a link to the SEC notice detailing the meeting subjects. www.sec.gov 🌊 XRP's been pretty stagnant since my last post with us seeing some relatively calm waters, a stark contrast to what we've seen the past few weeks no doubt. Seems we're in this consolidation channel between what's basically 0.59 and 0.624-3 so I'm keeping an eye out on that for now. 🌊 Chances are it'll be news that contributes or kickstarts our next major move, trend so definitely keep an eye out for any news. Fundamentals aside technically we're having trouble finding a grasp on our 200 EMA ever since we had that mountain fall and lost it on the 16th but then again we've got this consolidation channel so even without the 200 EMA right now we're not too bad thanks to that technicality though fall again below 0.59 and it'll definitely be choppy. 🌊 I have to leave but wanted to get some quick things out, I don't have any price targets right now just because we're in this point of consolidation with the market looking for the next trend. I see us going up in the next few months just with how the market's slowly coming out of this winter it feels and we'll be getting more legal clarity over the next few months so that fundamental is a good note. 🌊I have to go but all the best to you guys! Thanks for stopping by as always, really appreciate it. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
3
⚡️ XRP TECHNICAL ANALYSIS ⚡️⚡️ Hey! Hope you all have been well and blessed as usual, been busy as usual juggling a lot but no complaints, grateful for everything and life, giving the best one must! This idea won't be too long so thanks for stopping by ladies and gentlemen. ⚡️ Quite a bit has happened undoubtedly and we did in fact get a correction following the rally we'd had going up and hitting a peak of 0.73 cents on the 6th of November being 10 days ago from where we stand today. ⚡️ That being said I'm sure most of you already know about the XRP and false ETF filing story that tricked many resulting in XRP's price promptly shooting up to 0.71 with that candle even extending up to 0.73-4 cents before XRP handed back the percentage once it was revealed that the news wasn't real. Below is a link to the reference article which goes into detail more on the matter. www.coindesk.com ⚡️ Anyway I've added some lines to represent those channels of which we had those ascending and now our descending channel a detailed further below by our 3 minute chart on the local. ⚡️ 0.60 is our current point of watch as we've already had a previous test down here as we can see from the previous fall already so I've set my alert for 0.60 and 0.58 to keep an eye on things and whether or not we'll find support or continue to retrace. ⚡️ That's it for today's idea, wanted to keep it short but thanks for stopping by, appreciate you guys as always and your support through everything. Really means a lot and I know that one day all this will be well worth. Thanks and blessings. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
2
🔥 XRP ABOVE THE TRENDLINE 🔥🔥 Nothing too long here just another quick read. 🔥 Yesterday's idea we added in the new trend line in black pointing out the significance of that and effect with us managing to keep above the trendline and pull back above 0.6499 which was followed by that leg up as support seemed to flow in with traders seeing that we avoided slipping further down below. 🔥 That being said we do still have the consolidation channel I added in from a few days ago, that channel is still gonna continue to have it's effect on us as we can see for example with the resistance in trying to break to 0.68, into the channel. 🔥 We'll simply have to see if we can regain access to the channel and possibly get another leg back up though we'll have to see. We've got a higher high on the local so that's a positive but the main thing as always the 200 EMA though again it is a lagging indicator you can always keep an eye on it through the different timeframes. Already know the impact the 200 EMA has. 🔥 I've got to leave it at that since I do have to head out but wanted to get something out there quick for you guys, thanks for stopping by as always and wishing nothing but the best to you all! And as usual any likes or follows simply help me out, doing what I can day by day. All the best till next! ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
⚡ XRP QUICK READ ⚡⚡ Quick TA here. Following up from yesterday's idea in which we talked about that consolidation channel and the air hockey idea we can see that we did end up breaking down and out below that channel falling to our next horizontal level. Again I haven't added any new marks or notations to this idea, the ones I have are simply accurate for the most part. ⚡ 0.64990 is that current local point of action for us on whether or not we'll find support here and manage to climb back up or if we'll fail to sustain pressure and get pulled back down should we fail to regain that 200 EMA soon enough. ⚡ I have added in a new trendline which is in black to point out this sort of breakdown between what seems to be one positive and negative half if that makes sense. Can identify how the moment we slipped below the trend line we got that plunge and that seemed to be the confirmation for some traders with us even finding resistance at the trendline on the bounce back up so definitely feel free to add to your own charts. ⚡ Said this idea would be short and that's it, after a fall like this I'm just watching to see whether or not we can keep above that 0.649 or if our retracement will extend, whether or not one or the other happens will simply have to be seen. Till then I appreciate you guys stopping by as always, feel free to leave a like and follow, never hurts and simply helps me out! Thanks and all the best till next! ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
🔎 XRP STILL CONSOLIDATING 🔎🔎 Hey hey! You already know, real quick idea here for you guys and a short follow up on yesterday's idea! 🔎 Yesterday's idea had us adding in our consolidation channel following that initial exit from the descending channel (black lines) since then we've just managed to keep above that 200 EMA. I'm not going to go out here and say it's going to do this or that, you already know we keep it 1:1 here. 🔎 XRP's in this consolidation phase and for those that may not know, a consolidation is basically this sort of tug a war as I like to call them when a stock moves within one point and another sort of like an air hockey table as I like to think of it. It's a battle of air hockey and eventually we're gonna end up going one way or the other. 🔎 When you have a stock consolidating it's stuck within a sideways trading pattern/rough range. When you break out of the range up or down it can possibly start off a breakout or reversal basically which usually causes a big move like we've already seen XRP do time and time before. Until we exit the range though there's no clear way to predict whether or not we'll be headed up or down but that's why we keep it simple and note those channels and areas of interest. 🔎 Watch the channel and that 200 EMA for sure if you'd like but we already know the EMA is a lagging indicator though a good friend when it comes to confirmations so the strength that EMA will have of course will vary based on the timeframes so jump between 15 minute and 1-4 hour timeframes if you'd like. 🔎 That's about it! Again just a quick and reasonable idea as always! Thanks for stopping by as always and your constant support with the likes and follows, your support is appreciated as always. Blessings till next. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
⚡️ XRP QUICK TA ⚡️⚡️ Hey guys! You already know what's up! Difference with today's idea is that I'm going to keep it real concise, let me know any thoughts, trying to keep the length short without sacrificing quality of course so a work in progress. ⚡️ XRP alongside the broader market definitely seems to have hit that exhaustion point following the rally the past few days, weeks understandably. We did end up getting a mountain fall understandably but it's good to see that we've formed a sort of new consolidation channel. ⚡️ In yesterday's idea we already pointed out that 0.688 would be a pivot point and the charts are sticking pretty close to that idea with us finding strong resistance now at breaking, keeping above 0.69. That being said we have managed to keep things relatively calm even managing to regain that 200 EMA on the 15 minute and breaking out from the descending channel which helped boost us back up. ⚡️ Below is the 5 minute chart which shows the sort of tug a war within our consolidation channel. ⚡️ Main thing now is to see whether or not buyers can keep things up though volume alone signifies for us that traders are definitely willing to buy above 0.66 and higher showing confidence no doubt, curious to see how things progress over the next few days but no doubt traders are watching that channel for a break to the upside or below from what we can infer currently. ⚡️ I'll leave the idea there for now but thanks for stopping by of course, really appreciate it and hope you guys do well as always. Thanks for the constant support and blessings. Feel free to leave and likes or follows as well, simply helps me out. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
8
🌠 XRP INSANE DRIVE UP! IMPORTANT! 🌠🌠 IT'S AMAZING! I MEAN WOW! Hope everyone is doing great as always! Can't believe I'm writing up this idea, not to mention the fact that this is the start of something much bigger. 🌠 This read should just be a few minutes but it's important, and before I continue just wanted to say I'm really grateful to be a part of this. It's been a long journey the past few years but weeks like this make all the difference. This week's had a lot of developments from the Georgia Pilot project to the development with Dubai's Financial Authority authorizing the use of XRP in Dubai's financial trading center amongst some other developments the past few weeks and XRP's cases in the legal realm have given us nothing but boosts in what's been a long journey no doubt. 🌠 I'll spare you the chit chat but I'm just grateful to be able to be here and have you guys with me. Comment below how you're doing, haven't heard from some of you in a bit, hope everyone's well as always! I've added a quick technical below with two charts, the first chart is for the big picture 4 hour timeframe while the second one will be for the local, 5 minute chart. 🌠 From our 4 hour chart we can identify that we're at a real big resistance point for XRP just based off a quick look at our previous price action when we we're trading back up at this range just prior to August. So add that mark to your charts and set some alerts, could be that point for another breakout or our resistance. Either way, it's a pivot point. Below then is our local 5 minute chart. 🌠 Just based off our 5 minute chart we can identify that ascending channel and pinpoint that resistance which is already happening, the main thing to point out is that this whole time we've managed to avoid losing that 200 EMA on the low timeframe's as well as the longer one's such as the 4 hour, that's helped us get up high as we are alongside institutional investments this week. * I'm editing this section as I was about to post the idea but just noticed the major fall on the 5 minute which I'll add below to outline the importance of the ascending channel. So seems like that reversal or retracement may be starting but we'll have to see. 🌠 Historically we know XRP like's to pull up like a rocket sometimes before finding a landing zone and whether or not we'll find a zone or continue into a possible orbit is a valid question but I think the main thing that matters by this point is that technical aside. Whether or not XRP come's back down hard or just retraces a bit we know that they continue to grow and that this again is simply the beginning of something much bigger. Crypto isn't even a major part of society yet, imagine what the next few years hold for us. I'm ending the idea here but as I've continued and will continue to say, XRP keeps on pushing and doing it's work. Cheers to the wonderful Ripple team XRP has got. 🥂 🌠 I have no doubt that Ripple will continue growing and more and more institutions and nations will start taking initiatives and actions to adopt Ripple's services, the future is bright no doubt, thanks for joining me today as always, I've added a link below to an article highlighting some of the most recent developments for anyone curious. Again thanks for taking the time to join me today and please let me know how you all are, appreciate you guys as always and feel free to leave any likes and follow! Have a great and blessed day. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
7
🌠 XRP'S DRIVE UP 🌠🌠 Hope you guys are doing well per usual, thought I'd make a quick stop and we'd follow up on things. It's definitely been a pretty eventful few days with XRP alongside Bitcoin and the major market seeing some of the highest inflows in the past year so that's been nice. Especially considering we're heading into winter I don't mind some warmer weather on the charts. 🌠 In our last idea we noted we'd need a catalyst or some news most likely to get that break past our resistance and wow we've definitely had some developments the past few days as always. One example is Ripple's win in being selected as the official technology partner for the Digital Lari Pilot project which is being overseen by the National bank of Georgia (NBG). Ill delve more in this on the following idea but it's great and a good boost as well for public sentiment no doubt as ripple continues expanding. Another development is XRP's approval by the Dubai Financial Services Authority (DFSA) which will allow for any financial institutions operating in the Dubai International Finance center to use/ conduct transactions with the tokens. 🌠 XRP's continued within that ascending channel and basically just drove itself up to 0.62 before that retracement started and we can see by the blue outline that diagonal resistance that started and acted on things till it was broken pushing price up to that 0.6119 price point or 0.612 rounded up. Also this chart below is the 5 minute from the 1st of november but thought I'd point it out, crazy to see how much that ascending channel was affecting XRP's price. Simply fascinating. 🌠 Main thing here was that on the 30 minute we avoided losing the 200 EMA which of course would have most likely sent us further down should we have lost that. Definitely be sure to keep an eye on that 200 EMA as always though seems this week's just been a positive week for XRP overall. I won't keep the idea too long but the chart does most of the speaking anyway. For support currently watching that 0.59 level and 0.60 above for the more local. 🌠 Gonna go but wanted to get something quick out, hope you guys enjoy and have a great one as always, and any likes or follows always help, thanks and all the best. Below are related articles. www.businesswire.com cointelegraph.com ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
2
⚡️ XRP BREAKS OUT ⚡️⚡️ Not much I need to say here, yesterday's idea gave us our outlooks and we can see that we got that breakout on XRP after having crossed over the diagonal resistance we called out in yesterday's idea. ⚡️ Anyway we got that break out and regained the 200 EMA managing to avoid starting off a mountain fall and climbing back up out and away from our horizontal channel. The move itself isn't a huge move but in itself the impacts is. We basically hit the end of this wedge and at that make or break point we made it rather well. ⚡️ Only time will tell what happens next but if our past price action is any indication we'll have some big resistance here at that 0.56 point which we can already see playing out. News itself isn't too bad, there hasn't been much development on the case between XRP and itself and seems more like a lot could probably be happening behind closed doors but for what we know the waters are calm. ⚡️ Resistance is definitely gonna keep us from breaking past 0.56 more than likely unless we can get some more positive news or if buyers see/feel there's a reason to keep on buying which could happen but of course that's simply hope which we can't use. I'll be keeping an eye out for a possible reversal and should we end up reversing I'll watch the horizontal channel. We already know below the channel is bearish and above is bullish right now. ⚡️ I have to get going and deal with a couple things but I hope that's alright, wanted to get a quick idea and update out there for you guys, thanks for stopping by as always and all the best till next! Feel free to leave any likes or follows, always helps me out, thanks. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
🌑 XRP LUNAR ECLIPSE! 🌑🌑 Pretty wild to be honest, to dwell on the fact that tonight is 2023's lunar eclipse is crazy, I won't be able to see it myself but to those that are lucky enough to see the lunar eclipse, I wish you all the best and hope it looks great! 🌑 This won't take long either and should be pretty short. I've attached a 30 minute chart below highlighting that horizontal channel so that should help with some quick visual stuff. 🌑 Been a pretty intense week for XRP with us nearly seeing that 0.60 pop up before we got hit with the reversal though I've added in that horizontal channel between 0.544 and 0.548 which seems to be that sort of make or break it points between our current market buyers and sellers. I've also added the diagonal resistance line that's been forcing us down so feel free to add that on well for the 30 minute timeframe. 🌑 Main thing right now is to just keep an eye on those current indicators for our chart. Especially as we're at this make or break it point for that 200 EMA by which we can hold and regain ground or start off a possible mountain fall. We've come up this whole way managing to avoid losing the 200 EMA with the exception of the 27th but even so we haven't quite really lost it since this whole sort of rally started so I'm curious to see how that plays out if we do end up losing it and fail to hold support/ground here. 🌑 Set some alerts, especially for0.544 and that 0.541 horizontal level I've got if you'd like to keep an eye on things. Regardless we're just looking at a a small segment of a really big pictures at the end of the day so whatever happens happens, but always positive to note the advancements XRP has made this month whether it be the case or collaborations, developments. 🌑 I'm leaving the idea there for now, go enjoy that Lunar Eclipse and have a great day! All the best till next time as always and feel free to leave any likes or follows, simply helps me, thanks. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
3
🔥 XRP GAINS MORE GROUND 🔥🔥 Hope you guys are doing well today, I appreciate you ladies and gentlemen taking the time to stop by, means a lot. 🔥 XRP's gained more ground having exited from our horizontal channel to the upside forming some higher ground and a higher high having pulled us up to that 0.53 level. I'll be watching here to see whether or not we can form a higher high or if this will be our next ceiling/point of resistance. 🔥 I expect that 0.531 level to be a bit of a blockade for us no doubt, it's good to see how these horizontal levels have basically done pretty well to keep us up to date with those support and resistance levels having done the job pretty accurately. Alongside that we look to our EMA's and can identify how we've continued to gain having avoided losing that 200 EMA on the 30 minute timeframe with our 20/50 EMA's doing the job still. 🔥 I'm waiting to see when the next pullback in but I'd set some alerts for 0.525 and 0.514 in case we reverse down to that point and get into a price war as that 200 EMA will no doubt catch up to us at one point or another so when that comes to fruition I'll be sure to keep an eye on price action. Below is also the main chart with the ascending channel having been added. 🔥 That ascending channel is what's holding us up right now but once we exit that channel I expect things to lose momentum and start the retracement. I have to go but hope that's alright, just wanted to share something quick to keep you guys posted. Thanks and all the best as always, thanks for the continued likes and support. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
2
☄️ SEC DROPS CHARGES! XRP ☄️☄️ Thanks for stopping by this shouldn't take long but is very good to hear. ☄️ Crazy to see how long we we're stuck sideways trading between 0.479 and 0.492 before getting that breakout with this news of the SEC announcing that the SEC will indeed seek to dismiss all claims against Ripple's CEO who is Brad Garlinghouse and it's executive chair Chris Larsen. Something to point out is that the filing doesn't state the SEC is dropping the main civil case against Ripple, just dismissing it's claims against Brad and Chris which in itself is still a huge win. ☄️ With the SEC's other cases against high profile figures in the crypto space, to see a dismissal in itself for Brad and Chris is a great victory for XRP proving even more that the lawsuit was unjust. ☄️ I don't need to do much TA today, after all, most of this move up has been thanks to the news and that's been what has sent us straight up breaking our horizontal levels, pulling us up to that 0.526 level where we already know we'll have some big resistance, especially considering the last time we we're up here was prior to our big fall. ☄️ After an impulsive move like this I wouldn't be surprised to see some healthy retracement, especially as we've overextended away from that 200 EMA granted we've regained the 200 which is great but we've distanced ourselves from it so naturally wouldn't be to surprised to see trading acting try and pull us back closer to that 200 EMA. ☄️ The rest of the market has followed XRP with Bitcoin and other crypto's marking some nice positive gains for the week with news of a possible Bitcoin ETF being on the horizon, such in itself would create a huge opportunity for crypto of course to expand and become more ingrained in the financial world as it already is doing day by day like Ripple continues to do. ☄️ TA Wise I'm watching for resistance below 0.52 and support above 0.514. That is basically the make or break it for the levels, below 0.514 and we'll likely retrace back a while but a break above 0.52-6 could put us in a position to regain even more of a percent though all in all, it's good to see XRP regain it's ground. We already figured in the past idea that what was gonna send us up would most likely be the news so least we've got that down, what happens next will be up to the market makers and what sentiment is like up here. ☄️ I'm expecting some retracement as that's usually what happens after a big jump like this, I could be wrong but just my thought given past price action. Set some alerts for those horizontal levels if you'd like but if I may offer a cheers. It's good to see XRP continue to win both outside the legal system and within as they continue to push with their mission to bring XRP to the world's financial system. ☄️ Gotta go to the gym so I'm leaving this idea here for now but thanks for stopping by, really appreciate it and let me know thoughts on the dismissal, I've linked the article below for anyone interested. Thanks and have a great day, feel free to leave any likes or follows. ~ Rock ' cointelegraph.com
BITSTAMP:XRPUSD
by Rocksorgate
1
⚡️ XRP LOCAL TA ⚡️⚡️ Today's idea is gonna be pretty quick and simple so this shouldn't take too long. ⚡️ XRP following up from our last idea doing it's part to regain that 200 EMA continuing within out ascending channel. In yesterday's idea though we did give the ascending triangle and following up from that on the hourly can see how we are still within that ascending triangle roughly. Below is the hourly chart: ⚡️ Main point right now is that we're hitting that resistance at the top of our ascending channel/ the ascending triangle in trying to break 0.49 with bears definitely trying to keep the pressure on us with that large sell order clearly displaying strong resistance on behalf of one whale or whoever it may be that wants to pull prices down. ⚡️ I would watch the ascending channel as right now that'll be the catalyst for things alongside whether or not we can regain the 200 EMA or fail and get a double top here which hopefully doesn't happen but if so 0.485-6 is that support level where you should set any alerts for those that may like to keep an eye on price action. ⚡️ That's it for today, said this would be a quick idea and I've got to get ready for work, going in early today but appreciate you guys as always, wishing nothing but the best. Any likes or follows also help me out so thanks to those of you that continue to support me. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
3