Total crypto marketcap similar to large-cap and small-cap stocksWhile Bitcoin rose to new all-time highs this year, many altcoins seem to lag behind it, showing a somewhat similar dynamic to that observed between large-cap and small-cap stocks (where large and well-established companies managed to recover in the past year or so while their smaller counterparts have been struggling). In addition to that, it is often overlooked that despite a huge rally in Bitcoin, the total cryptocurrency market cap has not reached its previous all-time highs from late 2021 (even despite Coinmarketcap currently listing more than 2.4 million different cryptocurrencies on its website, which is far more than at the peak in 2021).
Illustration 1.01
Illustration 1.01 shows the weekly charts of the three largest cryptocurrencies (excluding Bitcoin and stablecoins). Unlike Bitcoin, each token failed to reach new all-time highs (thus far). The same applies to other large cryptocurrencies, including XRP, DOGE, and Cardano.
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 serve as a basis for taking any trade action by an individual investor or any other entity. Your own due diligence is highly advised before entering a trade.
S-XRP
Ripple can break support level and decline to 0.4480 pointsHello traders, I want share with you my opinion about Ripple. Observing the chart, we can see that the price some time ago, and started to trades in the range, where it at once rose to the top part of this pattern and some time traded near. After this, the price turned around from the top part of the range, and in a short time declined to the seller zone, which coincided with the 0.5680 resistance level, after which XRP bounced and tried to rise in the range. But, after it a little rose, the price turned around and made a strong impulse down to the support line, thereby exiting from the range and breaking resistance with support levels also. After this, XRP in a short time rebounded from the support line and rose higher support level, breaking it one more time. After this, Ripple made a little correction to the support line, but now XRP continues to trades near the 0.4835 support level. In my opinion, Ripple can make a little movement up and then rebound down to 0.4480, thereby breaking the support line and level. Please share this idea with your friends and click Boost 🚀
🚧XRPUSDT is Bullish now🚧 & many Traders don't see it 👀!!!Hi.
COINEX:XRPUSDT
Today, I want to analyze XRP for you in a Weekly time frame so that we can have a mid-term view of XRP regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
XRP is testing the top of symmetrical triangle on weekly timeframe
Up We Go if we manage to break upwards.
✅ Due to the Ascending structure of the chart...
- High potential areas are clear in the chart.
- AB=CD
- symmetrical Triangle
Stay awesome my friends.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
XRP Recovers From Weekend Massive Decline up 3.20%The CRYPTOCAP:XRP cryptocurrency has recently experienced a noteworthy recovery, having surpassed its weekend low of $0.41 and climbed back above its $0.50 support level. The recovery can be attributed to a recent proposal by Ripple developers regarding the creation of a native lending protocol on the XRP Ledger. This protocol aims to enhance the platform's DeFi capabilities by enabling users to lend and borrow digital assets directly from the CRYPTOCAP:XRP Ledger.
The native lending protocol proposed by Ripple developers, Aanchal Malhotre and Vito Tumas, focuses on three specifications: XLS-64d (Pseudo-account to track balances and issue tokens), XLS-65d (Single Asset Tokenized Pool), and XLS-66d (Native XRPLedger Lending Protocol, provide liquidity for assets). Liquidity providers would be able to deposit tokens such as CRYPTOCAP:XRP , wrapped Bitcoin (wBTC), and wrapped Ethereum (wETH) into a lending pool and earn interest. Pool delegates would manage these pools, attract capital, and provide loans. Borrowers and pool delegates would agree on loan terms off-chain and record them. The protocol would enable fixed-term loans and pre-set terms for interest accrual, thereby bypassing the need for off-chain underwriting, risk management, and a first-loss capital protection scheme in the event of default.
If the proposal is accepted and the lending protocol goes live, it would promote financial inclusion, transparency, and efficiency on Ripple's native blockchain. Additionally, the protocol has the potential to attract developers to build and integrate lending Decentralized Applications (DApps) on the blockchain and address a wide range of use cases. However, developers are yet to announce a timeline for the proposal's implementation.
Based on Technical Outlook, the altcoin has made a comeback above $0.50, having swept the $0.4188 lows for the first time since May. The $0.50 round level represents key support for CRYPTOCAP:XRP , as the altcoin has broadly sustained above this threshold since February. In the event of a decline, XRP price could find support at $0.4117 and faces resistance at $0.5310 (the 50% Fibonacci retracement of the altcoin's drop from the April 9 peak of $0.6431).
The Relative Strength Index (RSI) has recovered from its decline below 30 (the oversold region) and climbed to 34.13 on Monday. However, the RSI continues to signal little momentum.
The Daily Price chart shows an "Inverted Hammerhead" indicating bullish bias.
Symmetrical Triangle on the monthly XRPUSD log chartAs usual, the logarithmic chart’s measured move target is much higher than the linear charts measured move target for the symmetrical triangle. We can see here that it is getting very close to the apex of the triangle on the monthly chart and should likely see some sort of a breakout by the end of June if not sooner. Target on logarithmic chart is around $11.47 for just the triangle alone, but that could take price action a longer amount of time to reach the full target of than it will take the linear chart’s symmetrical triangle to reach its full breakout target(which is much lower than $11.47). Wanted to post an idea of this log version of the symmetrical triangle to keep track of how it lays out more easily. *not financial advice*
XRP Dollar Cost Average Strategy (Update)Here's an update on the analysis which I posted back at the end of March. Just as I expected XRP prices dumped below the liquidity trendline!
I am still bearish on XRP for the time being & we can see a clear trendline liquidity building up 7 being ready to get taken out. That is when I will look to load up buy positions.
However, if this scenario don't work out, my orange zones is where I will look to Dollar Cost Average into buy positions. After a break above each orange zone, I will open a new position and buy XRP.
$XRP Preparing for a price jumpAt the end of the XRP analysis, you saw that we gave buy areas and from these areas, the price brought a good pump
Again, according to the correction below the LQ, we again have a great area for price jumps, which you can buy after receiving and confirming the time trigger.
This analysis will be performed with your likes
UPDATED XRP Cup & Handle Chart.Since identifying the Cup & Handle pattern in XRP months ago, I have been updating it as the price movement continues to progress. With the major drop we've seen the past two days, it actually lined up the Fibonacci levels nearly perfect to the chart.
I do believe this is the end on the wave 2, and will ear-mark the beginning of wave 3 which will be spectacular for the price of XRP.
Good luck, and always use a stop-loss!
Ripple can reach resistance level and try to break itHello traders, I want share with you my opinion about Ripple. By observing the chart, we can see that the price some time ago broke the resistance level, which coincided with the seller zone, and started to decline inside the downward channel, where it soon fell to the support line of the channel. Later price tried to rise, but failed and declined to the current resistance level, which coincided with the resistance area, after which it turned around and started to move up in an upward channel, thereby exiting from the past channel. In the upward channel, XRP rose to the 0.6275 resistance level and even entered to seller zone, but at once turned around and rebounded down to the support line, where it some time traded near and later made a strong downward impulse. Ripple exited from the upward channel and declined to 0.5620 level, but a not long time ago it broke this level too and even fell lower resistance area. Also recently, XRP turned around and rose almost to the resistance area, and now, in my opinion, Ripple can rise to the resistance level, after which it makes little correction. After correction movement, XRP can try to break the 0.5620 level, and if the price breaks this level, Ripple will continue to move up, therefore I set my target at the 0.5840 level. Please share this idea with your friends and click Boost 🚀
XRP price tests $0.50 support as AMM makes comeback on XRPLedgerThe Ripple $(XRP) price has been testing the psychologically significant support level of $0.50 on Friday, despite the recent rally of Bitcoin prices to $70,900 on April 12. CRYPTOCAP:XRP prices have remained unaffected by Bitcoin's recent gains. The possible influence on CRYPTOCAP:XRP prices is the recent Automated Market Maker (AMM) amendment, along with developments in the Securities and Exchange Commission (SEC) lawsuit against Ripple ( CRYPTOCAP:XRP ) and related court cases, such as the Govil and Coinbase lawsuit.
On Friday, XRPLedger's 'fixAMMOverflowOffer' amendment went live, and the AMM is back in action on the mainnet, marking a milestone for Ripple's blockchain. Ripple's CLO Stuart Alderoty shared details of a lawsuit in which the Second Circuit rejected the SEC's appeal. The SEC alleges that Aron Govil used his position as a controlling shareholder to cause Cemtrex to engage in a variety of fraudulent conduct. The regulator is seeking disgorgement of misappropriated funds; however, the Second Circuit denied the SEC's appeal. Alderoty considers it the SEC's loss since the Second Circuit refused to reconsider their decision in Govil, which held that if a buyer suffers no financial loss, then the regulator is not entitled to disgorgement from the seller.
The SEC is seeking over $2 billion in fines from the payment remittance firm, Ripple, for the institutional sales of XRP made by the payment remittance firm and violation of securities laws. It alleges that Ripple violated securities laws. The Govil decision sheds light on what XRP holders can expect from the SEC's appeal in the Ripple lawsuit. Pro Ripple attorney Bill Morgan commented on the Govil lawsuit and its impact on the Ripple case. Morgan said that no conclusion can be drawn until Ripple's brief and counter-arguments against the SEC's motion are public.
Technical analysis shows that the Ripple price ( CRYPTOCAP:XRP ) is trading within a tight range between the February 7th low of $0.5077 and April 9 high of $0.6431. CRYPTOCAP:XRP price is testing the $0.60 support on Friday, which is considered a key psychological level for the altcoin. It acted as support throughout March and April 2024. A successful retest of $0.60 would mean CRYPTOCAP:XRP prices are likely to make their way to the April 9 high of $0.6431. The altcoin faces resistance at $0.6336, a level that it has failed to break in the past two weeks.
XRP FALLS OFF A CLIFF! BREAKING THE JUNE 18, 2022 TREND LOW.XRP has been absolutely struggling to hold even mediocre gains as of late, and has now broken the June 18, 2022 trend low, which has held for a year and ten months.
Is this a disaster for the XRP price in the coming weeks, or be an incredible buying opportunity?
Let me know what you think in the comments below.
LTCN About To Print MillionairesHello everyone, I figured I would do an updated chart on LTCN. My previous chart played out as predicted so far.
So, LTCN is in a clear breakout. Local top is coming around $30 with a possible 50% correction back down to $15 at that time. Coincidentally after the current cup and handle plays out, this correction will be forming a much larger cup and handle pattern on a higher degree of trend. If this larger cup and handle plays out then I can see LTCN hitting all time highs and probably breaking through into price discovery where we could see $1000 + LTCN. For this to happen then the native Litecoin cryptocurrency would have to be into the thousands of dollars. Either we are all crazy or Litecoin crypto is about to print bigger millionaires. Hold onto your hats folks, things are about to get interesting. Good luck out there.
This is just my opinion, none of this should be considered financial advice in any way.
Can We Just Keep It Simple For Once? 2 Month Stoch RSI shows exactly where we are. No fancy lines, or indicators or anything else. Just look! Its really that simple. Bitcoin is about to go straight up if you cant see that in simple terms and picutres then you're probably going to get chopped up! Good luck none of this is financial advice!
HelenP. I Ripple will continue to decline to $0.5715 levelHi folks today I'm prepared for you Ripple analytics. Some days ago price rebounded from the resistance zone, which coincided with the resistance level and made impulse down to the support level, breaking the 0.6435 level. After this, XRP rebounded from the support level and tried to rise, but when it rose almsot to the resistance level it made a correction. Then Ripple made a strong impulse up to the trend line, breaking the 0.6435 level again, but soon it turned around and started to decline in a triangle, where firstly price fell to the resistance zone and later broke the 0.6435 level one more time. Then price declined to the support zone, after which it turned around and rose to the resistance zone, but soon XRP exited from this zone, making a fake breakout and in a short time declined to the 0.5715 level. After this movement, the price made impulse up to the resistance level again, thereby exiting from the triangle and breaking the trend line, but recently XRP rebounded from the 0.6435 level and started to fall. Just now, I expect that Ripple will rise a little more and then continue to fall to the support level. For this case, I set my target at 0.5715 level. If you like my analytics you may support me with your like/comment ❤️
XRPUSDT.4HAnalyzing the XRP/USDT chart from a 4-hour timeframe, the market is currently in a consolidation phase, trading within a defined range marked by the support level S1 and resistance level R1. The horizontal channel pattern indicates indecision between buyers and sellers.
The RSI is just shy of the 60 mark, suggesting a slight bullish bias but not significant enough to confirm a strong upward trend. The market could be approaching a potential shift in momentum as the RSI is neither overbought nor oversold.
The MACD shows a narrowing gap with the signal line, implying a weakening of the current trend. The histogram reflects this indecision with minimal height bars, indicating the market could be poised for a breakout or breakdown.
If the price action can sustain above the S1 level, it might indicate an appetite for a retest of the resistance at R1. A breakout above R1 could signal the start of a new uptrend. Conversely, a fall below S1 may indicate a bearish move towards the lower end of the range or beyond.
In conclusion, as a trader, I would wait for a clear signal beyond this consolidation range before making any significant trading decisions. The current market condition calls for a cautious approach, with an eye on both the R1 and S1 levels for potential breakout or breakdown.
XRP vs XLM Weekly Nearly IdenticalLooking at these two banking tokens on a weekly line chart it is not hard to see that the price action pattern of both has been nearly identical.
Using a log scale to measure the change in percentage we see they are topping and bottoming together but yet XRP is up nearly 2x over XLM.
If we look at the first range xrp traded in at launch we see a lower double top pattern followed buy a upward curving tight range and then a massive price explosion.
Currently we see the same pattern emerging with the lower double top followed by the same upward curving tight range.
If the pattern repeats itself the next step in this fractal is price explosion.
Squares on the left hand side represent the percentage rise and fall of the first range formed at launch for each token.
This typically is a good gauge of the percentage gain available from an assests circulating supply. Unfortunately with cypto circulating supply is subject to change by minting new tokens, lost tokens, and burning.
XRP's Wave 2 is nearly complete. A BIG MOVE IS COMING!XRP is getting close to completing the 2nd Wave of the 5 Wave move to the upside after breaking out of the Cup & Handle formation that I identified in my earlier posts these past few months. It looks like we could see a turn around, and the start of the 3rd Wave around, or shortly after the eclipse.
Good luck, and always use a stop-loss!
HelenP. I Ripple can continue to move up to $0.6000 levelHi folks today I'm prepared for you Ripple analytics. A not long time ago price started to trades in the resistance zone, which coincided with the 0.6185 resistance level, after which XRP rebounded from this zone and rose to the trend line. Then price turned around from this line and in a short time declined back to the resistance zone and even lower, breaking the 0.6185 level, but soon rose back. Price some time more traded near the resistance zone and later made impulse down to the support level, which coincided with the support zone, thereby breaking the resistance level with the trend line. Next, Ripple turned around from the 0.5725 level and tried to rise more, but when it reached the trend line, the price declined lower support level to the support zone. After this movement, XRP a not long time ago made impulse up from this area, thereby breaking the support level with the trend line one more time. As well, the price reached a resistance level, but in a short time declined to the support level and now it tried to rise again. For my mind, Ripple will make correction to the support level again and then rebound up. That's why I set my target at the 0.6000 level. If you like my analytics you may support me with your like/comment ❤️
BCHG Looks Good For A Run To $50 At LeastBCHG has broken through all the resistance levels. Next one is around $24.50 and if it can get through that then I see a straight shot to $43 and then $55. At those levels I would expect a decent pullback perhaps up to 50% before its attempt to break the high. BCHG is much further along than LTCN in its run. LTCN still has a long ways to go to reach the level that BCHG is at. So upside on BCHG is limited in the short term perhaps another 100% vs LTCN could do a 1000% move to reach the same level as BCHG as far as nav value to price. Keep an eye on news and developements surrounding the space and specifically securities and SEC stuff. The Proof Of Work coins are about to make a comeback. I think Litecoin will far outperform Bitcoin Cash but Bitcoin Cash will have a decent run as well. Good luck out there my friends. Ill update this chart throughout the cycle. Please like and follow me and this idea so you can be notified when i update it. Thank you and please know that none of this is financial advice its just my opinion and observations. Good luck my friends.