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XRP Price Target after Court approves FTX LiquidationGiven the recent developments in the crypto space, there are several factors that point towards a bearish outlook: FTX Liquidation of $3.4 Billion in Crypto Assets: The approval by the Delaware Bankruptcy Court for FTX to liquidate $3.4 billion in crypto assets is a significant event. This influx of a substantial amount of cryptocurrency into the market could potentially lead to an oversupply situation. When a large amount of assets is dumped into the market at once, it can put downward pressure on prices. Limited Sales in the First Week: The imposed limit of $50 million for the first week indicates a controlled release of these assets. This may imply that FTX anticipates potential market disruption if a large volume is sold at once. However, even with controlled release, the market could still experience downward pressure. Potential for Increased Limits: The provision for increasing the limit with the approval of the creditors’ committee and ad hoc committee, or potentially even up to $200 million weekly with court approval, shows that there's room for further selling pressure in the coming weeks. Binance US CEO Resignation: The resignation of Binance US President and CEO, Brian Shroder, could potentially signal internal challenges within the exchange. Leadership changes in major crypto exchanges can lead to uncertainty and can impact market sentiment. Asset List: The assets listed for liquidation include some of the major cryptocurrencies in the market such as Bitcoin, Ethereum, WBTC, WETH, USDT, SOL, XRP, STG, APT, BIT, DOGE, MATIC, FTT, TON and more. If a significant portion of these assets are sold off, it could have a widespread impact on the market. Market Sentiment and Confidence: These events combined might lead to a loss of confidence in the crypto market, especially if investors perceive them as signs of instability or potential oversupply. Regulatory Considerations: The fact that a bankruptcy court is involved in this process highlights the regulatory environment surrounding cryptocurrencies. Heightened regulatory scrutiny or intervention can have a dampening effect on the market. Considering the above, my Price Target for XRP Bitcoin is $20.38. Looking forward to read your opinion about it.
Short
by TopgOptions
⚡ XRP CONSOLIDATION ⚡⚡ Don't have long so I'm just keeping this short but as always thanks for tuning in. ⚡ I've added two small black arrows to highlight the up and down pressure for this current consolidation channel as we have XRP sticking above that 0.479-0.480 support though we can't seem to quite break that 0.486 resistance and 0.485 seems to be the local resistance. ⚡ Hoping we can keep that support above 0.479 in the least for now and potentially regain that 200 EMA by which we could look at some good waves back up granted we break the now resistance levels above us. ⚡ Market wise is a bit mixed as the August core inflation pointed to core inflation having risen by 0.3% being hotter than anticipated with that exluding food and energy so we're not quite in the clear yet with inflation but market hasn't taken the news too badly with heat map overall looking pretty neutral today with most of the top dogs ranging from MSFT to AMZN and TSLA posting some positive gains. ⚡ I have to run but wanted to get something out quick, again we already know we're in this grey month with the market overall for September, just part of things as they are right now. I have to go but have a good one as always, and thanks for tuning in with me for a bit. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
XRPUSD Has it lost all of the SEC steam?Last time we looked at XRPUSD (Ripple) was 3 months ago, giving the most accurate pull-back buy entry we could get (see chart below): Following the SEC news on July 13, the price broke above $90 for the first time since April 2022 but since then started a decline which in two aggressive parts eventually broke below the 1D MA50 (blue trend-line) and hit both the 1D MA200 (orange trend-line) and 1W MA50 (red trend-line), whose range form the current Support Zone. The 1D RSI Higher Lows potentially indicate that we are forming a bottom sequence similar to January 02 2023 and June 13 2022. In fact as you can see on the chart, the pattern of June - December 2022 is quite similar to that of April - September 2023. As a result we are bullish and have a medium-term target at 0.56750 for October and long-term target at 0.9300 for January 2024. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:XRPUSDLong
by TradingShot
4
💥 Crypto's short squeeze 💥💥 This won't take long, thanks for joining ladies and gentlemen, I'll keep this one short. 💥 XRP's fallen alongside the general market as Bitcoin led the fall tumbling below $26,000 following a short squeeze after the news was revealed that FTX the bankrupt crypto exchange holds over $3.4 billion in crypto assets including $1.1 billion in Solana and $560 million in Bitcoin. This as FTX will be appearing in court in a few days on September 13th to seek approval to sell crypto assets in order to repay creditors. 💥 Understandable how that can make a big impact on things, especially considering the fact that any crypto FTX holds will have to be sold at one point or another to repay it's creditors. In turn that created a lot of fears and killed the market sentiment. The ETF possibility has been helping us keep stable but with no developments on that lately it's been easier for traders to focus on the negative points like the soon to be liquidations of FTX's crypto holdings. 💥 So don't think this is just consolidated to XRP, no, it's the general market as a whole that's been hit and we're just following the flow right now down as we will when things go back up, we already know September is a bad month so this shouldn't be too frightful. Yes it's never great to see a drop but we know what caused it and just like the news sent us down, the next positive news will send us up, just how the market's been rolling the past few months taking any news as huge news and flowing with it. 💥 I expect us to recover in prices next month with this month just being that gray and dim month for crypto and the general market as it is but that definitely hasn't stopped whales from taking some cheap buying opportunities as shown below: 💥 So while most the market lingers in fear, the smart money doesn't care, they just buy in and hold, someone saw a discount and took it, granted we've still got that important pivot point at $26,000 the buy in's we're strong enough to send us back up and to that $26,300 resistance which still continues to haunt us though again we're just at the mercy of the news right now without any positive developments lately for bitcoin. 💥 I have to go but again just keep in mind we're in a rough month but we're not alone, the whole market is feeling the impact ranging from crypto and alt-coins to the stock market itself. Just be patient and don't let news or emotions sway you. I'll link the two articles below for you guys to check out as well. I've got to go but have a good day and feel free to leave any likes or follows. Thanks ~ Rock ' cryptobriefing.com www.coindesk.com
BITSTAMP:XRPUSD
by Rocksorgate
Back to the square oneNearly a month ago, federal judge Analisa Torres ruled in favor of Ripple Labs in its case against the U.S. Securities and Exchange Commission. The decision was quickly followed by bullish price action, and XRP rose almost to $1, with many investors claiming this to be only a beginning of a roaring bull market. However, fast forward to today, and XRP still has not managed to break the $1 mark. Instead, the token lost more than a third of its value following the initial spike right after the judge’s ruling. Furthermore, as if it was not enough, the SEC signaled this week that it would appeal the ruling, setting a step back for the victory. As a result, we think this might put a lid on the XRP’s price and lead to increased volatility, with the prospect of XRP falling lower as another round of legal battle drags on. Illustration 1.01 Illustration 1.01 shows the daily chart of MACD that is approaching the midpoint. If it breaks below it, it will be bearish for XRP in the short term. Technical analysis Daily time frame = Slightly bearish Weekly time frame = Bullish 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 be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:XRPUSDShort
by Tradersweekly
31
Bitcoin Sell Analysis📉This here is our current take on BTC, within the Crypto Fund for our investors. We are net short & do expect more downside in the coming month. While majority of retail traders got duped into buying because of the huge pump last Tuesday, we used this LIQUIDITY GRAB as an opportunity to enter sell positions. I won't show our exact target as that is exclusive for the Crypto Fund, but feel free to use our previous ETH short analysis for an indication😉
BITSTAMP:BTCUSDShort
by BA_Investments
XRP/USDT 3DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this XRP/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- XRP has been consolidating around 50 cents for a while now and closed the week with a minor loss of 1.7%. This cryptocurrency has strong support at 47 cents, which is not far from the current price. If sellers return, then this level could be tested again, similar to mid-August. The resistance is at 56 cents, and so far, buyers have not been able to test this level. This lack of strength on the buy side could continue for some time as the overall price action remains bearish. XRP appears to want to hold around 50 cents, which is a key psychological level. The current flat trend seems likely to persist, and so long the price does not lose its support at 47 cents, a recovery could follow once the consolidation ends. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
1
⚡️ XRP ENDING THE WEDGE ⚡️⚡️ Not going to make this idea too long, just going to keep it short and simple. But thanks as always for joining ladies and gentlemen. ⚡️XRP's coming up on the end of this wedge which has basically kept on dragging/holding us down. Can see how even with the most recent drop we found support once again at 0.495 and we still find that diagonal resistance striking us down. ⚡️ This after having lost the 200 EMA once again though that's not too wild, we did fail to establish a higher high and with volume being low bears have it much easier selling on the market sending things down with Bitcoin having led the way back down below $25,800 as shown below. ⚡️ Market's still in this gray area with a lot of uncertainty still going around, not to mention we are in september. September for those that don't know is basically the worst month of the year historically, for whatever reason or another this 'September effect' hits the market every year and we see the broad market and crypto decline. It's just a part of the cycles and human psyche. After all if you know that every September the market tends to go down, what are the chances you'll enter or want to trade during that. Not very likely for most traders. ⚡️ It's usually after September though that the market likes to recover and it does rather quick in some instances but overall we're just in a bad month is about it in my opinion, again it's not just crypto but the market as a whole is down a lot this month dragging down most stocks. So please keep that in mind. ⚡️ I have to go but for the wedge that's coming to a close it can mean one or two things, we either breakout from the wedge and get a good push up by which we'll have to face that 0.50 resistance or we'll fall and break below the wedge and that 0.495 to retest 0.492 and possibly fall further if we fail to hold there. ⚡️ Regardless we know that the wedge has done a good job of keeping price down and contained so if we can get pass that, then it can hopefully do the opposite and help send us up. But we'll just have to see for that, feel free to add some markings and set some alerts at 0.495 or 0.492 and so on if you'd like. ⚡️ I have to go but thanks for tuning in as always, and if you'd like to leave a like or follow, it'd help me out, thanks. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
XRP POSSIBLE 40% GAIN CLASSIC BULLISH DOUBLE BOTTOM hello traders so after doing a quick analysis on XRP it appears that it might gain 30-40% in the upcoming days / weeks . - the price formed a classic reversal bullish pattern : a double bottom on a key level . - the price broke the neckline of the double bottom violently and it appears that it went down to do some retesting . - if the price manages to break that neckline again we might see XRP reach that bearish trendline again and even break out of it and reach new highs . the break out will be the confirmation we need . if you liked the idea be sure to help me out with a like / boost and why not a follow its FREE ! i provide weekly signals and analysis on my tradingview for FREE! this is not financial advice just my humble opinion
BINANCE:XRPUSDLong
by xAB777
8
⭐️ SBI Financial Giant/ XRP NEWS! ⭐️ ⭐️ Today's idea we'll dive in quick on a new development in XRP's path to success and global utility as Japanese Giant SBI has announced a rather significant expansion on it's partnership with Ripple and SBI Ripple Asia. ⭐️ SBI is SBI Japan or otherwise referred to as SBI Holdings, Strategic Business Innovator Group. It's a financial services company group which is based in tokyo, Japan and serves as a primary holding company for various businesses and subsidiaries with current assets under management at about $165.5 Billion. It's kind alike a conglomerate being that it's a multi-industry company though the various companies operate under one corporate group umbrella at the end of the day. ⭐️ Anyway SBI which is already a major player in the international money transfer service sector announced an 'expansion' of it's partnership alongside Ripple and SBI Ripple Asia which will see the introduction of international remittance services for the Philippines, Vietnam, and Indonesia which will be able to utilize the crypto XRP as a bridge currency to bank accounts in those countries. ⭐️ Here's a quote below from SBI: “SBI Remit has been using Ripple Payments provided by Ripple for its international remittance services since 2017,” the official press release stated. “By introducing a solution using crypto assets in Ripple Payments, we became the first in Japan to provide an international remittance service that utilizes the crypto asset XRP as a bridge currency between two legal currencies.” ⭐️ I mean wow even in 2017 Ripple was making waves and has been in use for real payments and transactions. Just goes to show how low key but effectively ripple has continued to grow and expand their footprint in the global system slow incorporating themselves more and more with every new development and partnership. ⭐️ And as the article reveals in one explanation, here's the scheme; "The newly unveiled scheme is designed to streamline the international remittance process. “In the scheme constructed this time, SBI Remit sends a customer’s remittance request, and SBI VC Trade sends XRP in real time in response to the request,” the official press release detailed. This dynamic approach is made possible through a strategic alliance with Tranglo Pte. Ltd., a long-term RIpple partner, ensuring that customers receive remittances in their local legal currency." ⭐️ “By using XRP as a bridge currency, you can send money quickly and at low cost,” SBI emphasized in their statement. “Furthermore, it has excellent scalability, allowing users to easily send money to Ripple’s partners around the world, and we believe this will lead to stronger competitiveness in the international remittance business.” ⭐️ It's then explanted that the main reason for targeting these countries was thanks to their significant role and share of remittances directed to bank accounts which made the countries prime choices for XRP adoption which would help make remittances quicker as well as help introduce crypto and accelerate it's adoption in these nations and countries which is great. ⭐️ I'm leaving the idea here and I'll link the link to the article below as well as a link to the announcement from the official SBI page though it is in Japanese so the article may be better to refer to but nonetheless this is great news. Just goes to show that XRP continues to make waves even if we may not notice it. Bit by bit they are working on something big and one day it's all going to come to light, but till then, they continue building. ⭐️I have to go but technical wise we've still managed to hold above 0.50 even after falling back down once again following yesterday's rise so I'm happy with that but definitely looks like we're having quite a battle here on whether or not we will regain that 200 EMA. I'm still keeping my alert for 0.50 and 0.496 but one way or another, price action means nothing to Ripple as they continue expanding. We're over here stressing and going all technical on a couple cents but ultimately, what matters is the utility, not the chart. ⭐️Sure the chart does help and do a lot but ultimately when the time happens and it will, then people will start looking at crypto with real use cases and utility and I have yet to see another crypto forming as many developments and partnerships as Ripple has. They've been in this game since 2012 and alone have over 1,032 employees. That's nothing to scoff at and I can't even imagine the things that are happening behind the scenes. I haven't done this in a while but I'm giving this idea a bullish. I don't like to set bearish or bullish strategies but at the end of the day, XRP's got a bright future. And nobody can deny that. ⭐️ May go do some overtime today and work on other things so I'll have to go now, but I appreciate you guys joining me as always, I enjoy writing up these ideas for you guys and I hope you enjoy reading them too, if you'd like to leave a like or follow it'd really help me out, I simply do my best, and I hope you will too for yourselves as always. Take care. ~ Rock ' links: www.sbigroup.co.jp bitcoinist.com
BITSTAMP:XRPUSDLong
by Rocksorgate
2
🏊 XRP STILL SWIMMING 🏊🏊 XRP is still swimming, what more can I say. Thanks for joining ladies and gentlemen, appreciate it. This won't be long. 🏊 Pretty good stuff going on today as XRP's getting what looks like some big buy ins, that with Bitcoin leading the way being at $26,346 now up $600 the past 24 hours alone signaling another buy in from whales, entry. 🏊 There's no news specifically that would point to why Bitcoin or XRP are doing what they are but it's possibly with the anticipation of a Bitcoin ETF coming out soon within the next few months if not sooner. 🏊 Crypto and the general market continue to face macro headwinds keeping prices down but that isn't stopping the crypto's from being used and actively traded. For example, XRP alone last month in August made significant headwinds with regards to daily volume with XRP as a report by Kaiko revealed that even with the pullback XRP's received since it's quick jump to $1. 🏊 XRP's trade volume was $462 million last month which alone was higher by 4x then the next largest altcoins by trade volume with solana following behind at $128 million respectively, this was validated/calculated by the on-chain market data tracker Kaiko. It may just be volume but it's great to see considering it proves that XRP is still holding that Alt-coin lead, especially thanks to it's utility of being able to send and receive xrp virtually anywhere in the world for payments and remittance's, etc. Attached below is the link to the source: u.today 🏊 Even with the apparent buy in and support, we still have this diagonal resistance to face, I've added the marking today point out the support below and the diagonal line above which has proven to be nothing but resistance keeping us down. That's what we want to break past for a break out and in order to regain the 200 EMA which would help us recover price's though Bitcoin would also have to do the same first for the market and whales to get the confirmations most are likely waiting on. 🏊 In the last we're still above 0.50. We did have two apparent drop downs below but even with that 0.495 holding out and keeping support we managed to pull up above 0.50 and get the move's we're seeing today. Looks mostly like whales or someone big is trying to get us to regain that 200 EMA which is totally reasonable, it's a bullish attempt and hopefully it works out, if not we'll have that 0.50 battle again and we may not get as lucky if we have to meet that 0.495 level again. Hopefully that's not the case but would add the markings to your own charts anyway. 🏊 Leaving the chart there for now, I've set my alerts for 0.50 and 0.495-6. Said this wouldn't be too long and it won't so that's it for today, but thanks for joining me as always even if it's only a few of you guys, I always appreciate it. And feel free to leave any likes or follows. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
XRP/USD 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this XRP/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- A closer look at the daily chart shows a notable drop in XRP price due to elevated selling pressure and an increasing bearish sentiment. The price slipped beneath the crucial 100-day MA at 0.55, reaching the 200-day moving average at 0.5. This downward movement has disrupted the bullish trend, resulting in a rejection. a sudden rebound pushed the price back above the 200-day moving average (the Grayscale’s win over the SEC pump), only to reencounter rejection, leading to another dip below the significant MA. This particular support area carries substantial weight, and if support holds, it has the potential to halt further declines. Nevertheless, a breakdown below the 200-day MA, followed by a subsequent pullback, could signal the beginning of a medium to long-term bearish trend. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
2
XRP - Follow The Trend 🏹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on Weekly: Left Chart XRP has been overall bullish from a long-term perspective trading inside the rising wedge pattern and it is currently sitting around the lower bound / blue trendline. Moreover, the zone 0.5 is a strong support and round number. 🏹 Hence, XRP is sitting around a strong area to look for buy setups as it is the intersection of the green support and lower blue trendline. Thus, we will be looking for buy setups on lower timeframes as long as the 0.46 support holds. on H4: Right Chart XRP has been stuck inside a range. For the bulls to take over short-term, we need a momentum candle close above the last minor high in red. And then, for the bulls to remain in control from a medium-term perspective, we need a break above the last major high in blue around 0.56. Meanwhile, until the bulls take over, XRP would be bearish and can still dive inside the 0.46 - 0.50 support zone. 📚 Always remember to follow your trading plan regarding entry, risk management, and trade management. Good luck! And always remember: All strategies are good if managed properly! ~Rich
by TheSignalyst
19
XRP will hit $4 in the next bull runI can't think of any reason why XRP won't hit $4 in the next bull run. As you can see on the weekly chart, XRP has formed a double bottom pattern indicated in the blue color. Also, XRP has formed a bullish symmetrical triangle targeting 4 in the next bull run. Stochastic RSI indicator on the weekly frame is oversold. I am not saying that there is no room for correction back to 0.35 / 0.40 areas. That is very possible and it would be a great price to buy
Long
by Alb-Ma
2
🔥 XRP STILL CONSOLIDATING 🔥🔥 Hope everybody enjoyed labor day, you already know though, we're back at it again. Thanks for joining in with me today ladies and gentlemen. 🔥 Don't have too much time today, busy as usual so today's write up is gonna be pretty simple. 🔥 As TA stands right now we're doing alright, we have lost that 200 EMA no doubt but what matters is that we've managed to keep above that 0.50 blue dotted line, proves to show that we do have good support above 0.50 but once you fall below 0.50 it gets a bit tricky no doubt. 🔥 Below 0.50 and we risk falling much like we did on the 1st day of september in the chart but a couple big sell orders did also contribute to that so that is important to note, if we we're to fall again I would be looking to that 0.492 level and 0.486 below for support, below that it'll likely start a sell-off. 🔥 Did get close to 0.515 though after we've failed to establish any higher high's simply forming what slightly resembles a head and shoulders on the chart though that doesn't take into account the 0.50 support bounces we've been getting so we're still in that gray area I've been mentioning. Chances are again we'll just keep trending till some news makes or breaks us. 🔥 If we can manage to regain the 200 and pull up past 0.51 for a third time I will be looking to 0.5145 as well as the bottom of our consolidation channel above to identify whether or not we break that resistance there or get pushed back down. 🔥 Everything considered TA and news wise what matters is that XRP's keeping above 0.49 and 0.50 which has been the main goal. The longer we stay here and avoid falling further the better our chances of pulling up soon get but regardless like I've been saying it'll likely take a news catalyst for things to get triggered like that. We saw how Grayscale impacted the market before a lot of people took profits or sold out their positions pulling us back down to where we're at. So it'll likely take more news and better news to get us moving again but what matters for now is that we're keeping that support. 🔥 I've got to go but wanted to get something out real quick for today in the least, hope you guys are all doing well, and you already know you can leave a like or follow if you'd like, and if not, then just keep well and have a good one. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
XRP- 0.4 is still my targetOn my 21st of August XRP analysis, I said that after the drop-back under old resistance, which should have provided support, the coin is not looking good at all and the more likely scenario is a down continuation to 0.4 next support. The coin, as expected, tested the old resistance from 0.55 and dropped again. Now, we are in a small correction from the recent drop, and if/when we dive under the flag's support, a continuation to 0.4 is the most probable scenario. In conclusion, sell rallies remain my preferred strategy and as long as the price is under 0.55 I will stay bearish. My 21st August analysis:
BITSTAMP:XRPUSDShort
by Mihai_Iacob
8
A 'major breakout' in XRP will occur on or around...I'm calling this prediction the 'Phi Breakout.' On July 2nd I predicted a false breakout and a major breakout would both occur in XRP. Although my dates were wrong, the false breakout occurred on July 13th. I'm now adjusting the date for the major breakout based on my mathematics. I'm predicting that on or near September 22nd 2023 we will see the 'major breakout' in XRP that we have all been expecting. Here's how I came to that assessment. The Ripple/SEC case was settled on July 13th, which was the 164th day of the year. 164 days times Phi (1.618) = 265.35 which would be September 22nd at 8:04 a.m. I also believe based on my math that another event will occur with XRP on February 18th 2024 which would be 265.35 (Sept 22nd) times PI (3.14) which would be 514.96 or February 18th 2024 between 10:57 p.m. and 10:58 p.m., but I'm not sure what it's going to be yet, so I will reassess later assuming my September 22nd prediction is correct. So, we'll see if my theory about using sacred geometry to predict price movements in stocks/cryptos proves to be correct, as that 'major breakout' prediction date is only weeks away. Happy trading folks, this isn't investment advice, just my theories!
BITSTAMP:XRPUSDLong
by MetaShackle
4
💥 XRP CRITICAL POINT FOLLOW UP💥💥 Quick and short idea for you guys today, so thanks for joining me real quick ladies and gentlemen. 💥 Just a quick follow up from yesterday's idea in which we honed in on the fact that XRP was indeed at a critical point on the 2 hour timeframe being that we we're at a rather important juncture/point of support which did and has ended up proving true as we look at our current chart. Below is the 15 minute chart: 💥 Based off the chart above we can note how we did indeed regain that 200 EMA on the 15 minute shortly after making waves above our dotted blue horizontal level of 0.50. We did lose it ounce but after bouncing from that 0.50 again we regained the 200 and got a nice boost up to 0.51 before retracing a bit to where we're at right now. 💥0.506 is going to prove to be another resistance for us, especially being the last time we we're down here it took a break above 0.506 before we got that big move up and it'll likely take the same this time around is past price action proves right. 💥 In the least I'm looking for us to hold above 0.50 but if we fall we'll be in another tumultuous battle and risk falling further if we lose that 200 EMA so definitely hoping we don't, at least on the 15 minute chart. And if we get the chance to climb further look to the bottom of the consolidation channel to act as resistance and support if we enter it. 💥 That's it for today's idea, I did say it was going to be short and I keep my word. So thanks for tuning in as usual, feel free to add any annotations or markings to your own charts, thanks and always be sure to do your own due diligence! Thanks and feel free to leave any likes or follows, simply helps me keep pushing. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate