RIPPLE - Price can exit from penannt and fall to $0.4635 levelHi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊
A not long time ago price bounced from $0.5550 level to resistance line of downward pennant, after which it started to fall.
In a short time XRP declined to $0.5550 level and broke it, then price made retest and later fell to $0.5010 level.
After this price tried to rise and rose to resistance line of pennant, but it didn't fixed and soon fell to support area.
Then Ripple bounced from this area and rose to resistance line again, making fake breakout of $0.5010
Recently XRP bounced down from resistance line and at the moment price trades very close to support level.
In my mind, Ripple can reach resistance line again, and then bounce down to $0.4635, thereby exiting from pennant.
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S-XRP
Warning! XRP looks like it's about to fall of a cliff!XRP has dropped below the bottom descending wedge trend line, and is now in very dangerous territory! If price fails to get back above the lower trend line, it looks like XRP will literally sh@t the bed, and fall off a cliff! If this is the case, we could see XRP in the lower .40's quicker than you think.
Selling into the market by short's opening short positions, forced liquidations from spent long positions, and panic selling by investors/traders who bought in the mid .50's hoping for a rebound, may cause 'The Perfect Storm!'
This will be very interesting to watch!
XRPUSDT.1DBased on the provided market data, XRP is currently priced at $0.50, trading between the support level at $0.48 and the resistance level at $0.54 on a 4-hour chart. The Relative Strength Index (RSI) for 4 hours is 48.53, which suggests that the market is neither overbought nor oversold. The Moving Average Convergence Divergence (MACD) for 4 hours is -0.0018, indicating a bearish signal.
On the daily chart, XRP has a support level at $0.48 and a resistance level at $0.55. The RSI is 38.13, indicating that the asset is somewhat oversold, and could potentially be a buying opportunity. The MACD is -0.018, which is a bearish sign.
On the weekly chart, XRP has a support level at $0.46 and a resistance level at $0.60. The RSI is 42.20, indicating that the asset is neither overbought nor oversold. The MACD is 0.0011, suggesting a bullish signal.
In my opinion, XRP is currently in a slightly bearish trend in the short term but could potentially be a buying opportunity based on the daily RSI. However, the bearish MACD on the daily chart suggests that the downward trend may continue, so caution should be exercised. The weekly chart suggests a possible upward trend, but the asset is currently trading below the weekly Bollinger Band (BB) of $0.68, which is a bearish sign. Therefore, investors should watch the market closely for any changes in these indicators.
Be friends with the trend?The XRP currency is in an upward trend in 4 hours and is now at the bottom of this trend.
🔼 Therefore, if we want to trade according to the trend, we must say that the possibility of growth for this currency is more.
‼️ The first resistance range for this currency will be the ceiling of the previous peak, which is 5% higher.
⚠️ On the other hand, the important ranges of support and resistance in the daily time have also been identified in this chart, which are 6% lower and 11% higher, respectively.
🔥 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 '
Ripple's Resilience: Overcoming Legal Battles Ripple Payments, despite ongoing legal battles with the U.S. Securities and Exchange Commission (SEC) and recent hacking allegations, is making a triumphant return to the U.S. market after three years of silence. Head of Product Marketing at Ripple, W. Oliver Segovia, recently announced on LinkedIn that the company is set to introduce a series of product upgrades specifically tailored for the U.S. This bold move comes amidst heightened legal scrutiny and a significant hacking incident that allegedly resulted in a $112.5 million loss in CRYPTOCAP:XRP tokens.
Ripple's Strategic Comeback:
Ripple's decision to re-enter the U.S. market showcases the company's determination to expand its footprint despite facing obstacles. With 90% of its business thriving internationally, this strategic move underscores Ripple's commitment to overcoming regulatory challenges and winning back the U.S. market. The announcement of product upgrades powered by extensive money transmitter licenses (MTLs) signifies a major milestone for the cryptocurrency firm.
Legal Quandary with the SEC:
The legal battle between Ripple ( CRYPTOCAP:XRP ) and the SEC has been a protracted and complex saga. While Ripple continues to operate on an international scale, its return to the U.S. market has reignited discussions about the ongoing legal dispute. In a recent development, Ripple submitted a letter to District Magistrate Judge Sarah Netburn, addressing factual inaccuracies in the SEC's response to its motion to compel. The company stressed the importance of a nuanced court ruling and disputed the SEC's claims, adding a layer of complexity to the already convoluted legal proceedings.
Hacking Allegations and Ripple's Swift Response:
Recent reports of a substantial breach at Ripple ( CRYPTOCAP:XRP ), resulting in a $112.5 million loss in CRYPTOCAP:XRP tokens, sent shockwaves through the crypto community. Ripple CEO Brad Garlinghouse, however, promptly refuted the claims, assuring users that no wallets on the platform were compromised. The affected accounts were later revealed to belong to Chris Larsen, Ripple's co-founder. In a surprising turn of events, Binance took swift action by freezing $4.2 million worth of stolen XRP tokens linked to the exploiter's account, aiding the ongoing investigation.
Conclusion:
Ripple's ( CRYPTOCAP:XRP ) resilience in the face of legal challenges and hacking incidents paints a compelling narrative of a company determined to overcome adversities. The decision to re-enter the U.S. market with product upgrades demonstrates Ripple's commitment to innovation and customer trust. As the legal battle with the SEC continues, and investigations into the hacking incident unfold, the crypto community eagerly awaits Ripple's next chapter in what has proven to be a rollercoaster journey for one of the industry's prominent players.
XRP: FINALLY💥 RIPPLE Victory in SEC CaseHi Traders, Investors and Speculators of Charts📈📉
Congratulations to all the XRP HODLERS 🤩🥂
(quick recap) ...The SEC case against Ripple was a legal battle between the US Securities and Exchange Commission (SEC) and Ripple Labs, the company behind the XRP cryptocurrency. The SEC sued Ripple in December 2020, alleging that XRP is a security and that Ripple had violated securities laws by selling XRP without registering it with the SEC. Ripple Labs denied the SEC's allegations, arguing that XRP is not a security but a digital currency.
The case went to trial in February 2023, and on July 12, 2023, Judge Analisa Torres ruled in favor of Ripple Labs. Torres found that the SEC had failed to adequately prove that XRP is a security, and she dismissed the case.
The ruling is a major victory for Ripple Labs and the cryptocurrency industry as a whole. It could have far-reaching implications for the regulation of cryptocurrencies in the United States.
👉The SEC failed to prove that XRP is a security.
👉The ruling could have far-reaching implications for the regulation of cryptocurrencies in the United States.
👉The ruling is a major victory for Ripple Labs and the cryptocurrency industry as a whole.
This furthermore confirms my bias for the beginning of AltSeason 2023, check it out here:
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XRP - Rainbow After The Storm 🌪🌈Hello TradingView Family / Fellow Traders,
📉 XRP has been overall bearish trading inside the falling channel in red.
However it is currently hovering the lower bound of the channel and a strong support at 0.5.
As long as the support 0.465 holds, we will be looking for short-term buy setups on lower timeframes.
📈 For the bulls to take over from a short-term perspective, we need a break above the last minor high at 0.55.
🏹 And then for the bulls remain in control and take over from a medium-term perspective, we need a break above the upper red trendline and last major high at 0.6.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
XRP may attempt to make a move to the .6239 level.XRP has of late been lagging behind many other popular cryptocurrencies, which has disheartened many long-term investors, causing them to abandon the XRP ship they've long treasured. I hold and am still adding to a long-term position that I will likely hold for many years to come, even though I am generally more of a day/swing trader than I am a long-term investor. But the charts do seem to now be showing the potential for a move to around the $0.6239 level.
XRP is one of those cryptos that likes to drag its feet until nobody is paying attention, then it makes a sudden, massive and unexpected move. Right now, with sentiment turning from positive obsession to sheer and utter frustration, in my opinion, could quickly turn into one of those times when XRP just kicks the doors off the charts and makes a large move very quickly!
Even though I'm bearish at this point overall, as a trader, I always keep my eyes open for potential profitable trades. Traders must be flexible and malleable to be successful, as trends tend to pop up out of nowhere and/or reverse on a dime. Not being willing to ditch an old idea, theory, or strategy and embrace change will keep you watching rather than participating.
Good luck, and always use a stop!
XRP WILL DROP 63% IN THE NEXT 45 TO 60 DAYS! Everyone is expecting the Bitcoin EFT to jolt crypto prices to the moon. This simply isn't going to happen. The mainstream media, and stock pundits have been extremely bullish about it, which is a sure sign that they are positioned, or positioning for the inevitable crash to come.
You can see the fractal pattern clearly in the charts, although exact ending price points, and turnaround dates of any massive drive are virtually impossible to calculate.
In my estimation, XRP will drop approximately 63% in the next 45 to 60 days.
Many look at this as a bad thing, but it is what it is. Align your trades and crypto purchases with the Market Maker's, and you will always be in the green. These moves are no accident, they are created by hedge funds like Black Rock, Vanguard and State Street to profit from. They have multi-billions of dollars at their disposal, and going against them is suicide!
I expect a small rally tonight or tomorrow as the last few straggler's position for what they think is going to be a breakout. They will most likely even throw a green breakout candle above the trend line to trigger the massive amount of buy orders in that area. Once triggered, the market will reverse and begin it's decent into red-candle-hell.
I'll be placing a short position today, and adding to it on any price gains heading into tomorrow.
Good luck!
XRPUSDT → A favorable prospect within the uptrendBINANCE:XRPUSDT is testing trend support after exiting the triangle. Traders' interest in Ripple continues to grow on the unstable fundamental background
On W1 we see a formed bottom, the bulls do not let the price to this area, continuing to cumulate the potential within the framework of gradually rising prices. An uptrend continues to form on the chart, but globally, Ripple is squeezed under strong trend resistance.
On D1, price is testing support and one of the key liquidity areas. There is a chance that price could still test 0.493 in a false breakout format before further upside, but even at current price positions, the market has good potential for further upside to 0.7325.
Support levels: 0.493, 0.420, trend support
Resistance levels: 0.585, 0.648, 0.7325
Since the price movement is limited by a number of reasons both fundamentally and technically by the range boundaries, it is highly likely that the XRP movement will continue from support to resistance
Regards R. Linda!
Ripple can decline a little more, after which back up to rangeHello traders, I want share with you my opinion about XRPUSDT. Observing the chart, we can see that the price some days ago price rebounded from the resistance line and started to decline near this line to the 0.5400 resistance level, which coincided with the seller zone. After the price fell to this level, it made a fake breakout of 0.5400 level, after which it turned around and in a short time rose to the resistance line. Then price bounced from this line and made a downward impulse to the support level, thereby breaking the resistance level one more time. Also, XRP started to trades in the range, where soon the price bounced from the 0.5020 support level, which coincided with the buyer zone and started to rise to the top part of the range. When Ripple reached the top part, which coincided with the resistance level, it at once rebounded and in a short time declined to the support level. But a not long time ago, the price bounced from this level and started to rise, but failed and soon declined lower than the support level. So, in my mind, Ripple can decline a little more, after which it turns around and back up to range. After this, the price will make retest and continue to rise. For this case, I set my target at the 0.5200 level. Please share this idea with your friends and click Boost 🚀
XRP/USDT ascending channel what next? 🚀XRP Analysis💎 Paradisers, it's time to focus on XRPUSDT, as it's currently presenting an interesting pattern with two potential outcomes.
💎 We've noticed #XRP adhering to an ascending channel trajectory. However, currently, there's a shift with the price breaking below the support at $0.5394 within the channel. This suggests that after a possible retest, we might see the price embark on a downward journey, potentially leading to further dips.
💎 On the flip side, should #ripple regain its momentum and continue its ascent, the next target could be pushing beyond the channel's upper resistance.
HelenP. I Ripple will little correct and then continue move upHi folks today I'm prepared for you Ripple analytics. If we look at the chart we can see how the price rebounded from the 0.5900 resistance level, which coincided with the resistance zone and started to rise. A few moments later XRP rose to 0.6590 points, and then turned around and fell to the trend line, after which made an impulse down, breaking the 0.5900 resistance level. Then price fell until to the support level, which coincided with the support zone, after which Riplle at once rebounded and tried to back up to the resistance zone. XRP did this, but soon it turned around and started to decline near the trend line, making a fake breakout of 0.5900 level. Later price declined to 0.5080 support level, breaking the trend line, but a not long time ago, it rebounded and rose higher than this line, breaking it again. Now, the price continued to move up and I think Ripple will make a small correction, after which the price turn around and continue to grow. Therefore I set my target at the 0.5650 level. If you like my analytics you may support me with your like/comment ❤️
BITCOIN SELL TO $12,000📉In the Crypto Fund we hold a bearish bias on the Crypto market overall for our investors, including on BTC. On this retracement back up, we’ve capitalised on several buy positions & cashed in profit💰 Now time for the move back down!
⭕️Wave 4 Complete, Wave 5 Pending.
⭕️3 Sub-Waves (A,B,C) Complete.
⭕️Bullish Momentum Slowing Down.
⭕️BTC ETF Negative For Growth.
Weekly Ascending ChannelIn the weekly timeframe for Ripple, a distinct ascending channel is observed where the price fluctuates. Responses to resistance area (orange box) and support area (blue box) can be significant turning points in determining the price trend. Currently, XRP is in a correction phase and, if bullish patterns are observed in these areas, an upward trend is expected to continue.
🔥 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 '
Gemini's XRP Listing Signals Revival: XRP sojourn Beyond Hurdles
The cryptocurrency market has been abuzz with excitement as Gemini, the renowned exchange founded by the Winklevoss brothers, recently announced the listing of new CRYPTOCAP:XRP pairs on its platform. The move comes as a testament to the growing interest in the Ripple-associated ecosystem, showcasing resilience in the face of regulatory challenges that once hindered XRP's presence on major trading platforms.
The Regulatory Odyssey:
The journey for CRYPTOCAP:XRP has been fraught with regulatory hurdles, most notably the lawsuit from the United States Securities and Exchange Commission (SEC) against Ripple Labs Inc. In 2020, the SEC alleged that Ripple sold XRP as investment contracts, leading to the token's delisting from various platforms. The legal battle created a cloud of uncertainty for XRP, but a pivotal moment arrived in July 2023 when Judge Analisa Torres ruled that the token is not a security, marking a turning point for XRP listings.
The Domino Effect of Relisting:
Following the positive regulatory development, major exchanges started to revisit their stance on $XRP. Coinbase led the way by relisting the token, citing that trading would resume once liquidity conditions were met. Subsequently, Binance U.S., Kraken, Crypto.com, and now Gemini joined the bandwagon, relisting CRYPTOCAP:XRP and offering various trading pairs, including USD, GBP, EUR, CAD, SGD, HKD, and AUD.
Gemini's CRYPTOCAP:XRP Perpetuals Listing:
Gemini's recent move to list $XRP/GUSD perpetual contracts signifies a continued trend of CRYPTOCAP:XRP relisting across exchanges. This development allows Gemini users in over 30 countries to leverage the new CRYPTOCAP:XRP pairs for managing risk, generating returns, and gaining directional exposure. The inclusion of CRYPTOCAP:XRP on Gemini's platform adds another layer of legitimacy to the cryptocurrency, opening up new avenues for investors and enthusiasts alike.
Market Response and Future Outlook:
In the wake of Gemini's announcement, CRYPTOCAP:XRP has experienced a significant price gain, currently trading at $0.52, reflecting a 1.67% increase in the past 24 hours. The market sentiment is optimistic, with expectations of a parabolic price rally set to commence in February. This resurgence in CRYPTOCAP:XRP 's value highlights the potential for continued growth and stability in the Ripple ecosystem, emphasizing the importance of regulatory clarity for the broader cryptocurrency market.
Conclusion:
Gemini's decision to list new CRYPTOCAP:XRP pairs is a pivotal moment in the ongoing saga of regulatory challenges faced by Ripple and its associated token. The move not only reflects growing confidence in CRYPTOCAP:XRP 's compliance with regulatory standards but also signals a broader acceptance of the cryptocurrency within the industry. As CRYPTOCAP:XRP continues to overcome obstacles, its resurgence on major exchanges points towards a promising future, with investors eagerly anticipating further developments in the coming weeks.
#XRPIn a bearish structure in time h1 and h2, if the red box does not have the ability not to exit the bearish structure, you can enter a sell position with one or more confirmation candles up to the specified areas of the green boxes. But if the red box breaks upwards, it will be able to move to the resistance zone. Therefore, in the event of a zone break, you can enter the reverse position.
XRP is breaking out of the wedge pattern, but...XRP is making a nice move northward breaking out of the wedge pattern it is currently in, but how long it will last remains to be seen. The indicators seem to indicate it's going to run out of steam in no time. Is it a bull-trap? We're about to find out!
RIPPLE - Price can break support level in falling channelHi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊
Some days ago price entered to falt, where it first made fake breakout of $0.6000 level and then backed up.
In flat price later rose to top part and then turned around and made strong downward impulse to $0.5000 level.
Thereby XRP broke $0.6000 level and exited from flat, after which the price bounced up from the support level and try back up.
Price failed and some time traded near $0.6000 level, and later XRP made fake breakout of this level and entered to falling channel.
In channel Ripple declined back to support level and a not long time ago price bounced up to resistance line.
Now, I think Ripple can bounce from this line to $0.4685, thereby breaking support level.
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