SUN/USDT 1D. Main trend. Secondary. Local. All main details.Coin Sun. This is an altcoin from the TRX ecosystem. Other coins in this ecosystem are: NFT, JST, BTTC(BTT), TRX.
On the backstage of XRP rise(China money partly) TRX class of assets also look very interesting.
In this idea i'll share my view on SUN from TRX group of assets.
From the beginning of the trading history coin has been dumping, which is basic for almost every altcoin.
After reaching certain prices trend reversed and broke the main downtrend.
After that the retest followed and that was also the moment of the beginning of big diamond forming.
I remind you that diamond is a reversal of the trend pattern, also consider the timeframe it's forming on(the bigger the TF the stronger the formation).
This diamond is forming already for something about 400 days.
Local and midterm trends are shown on the chart. Also consider the volume spring shown, which means that there's a potential for big impulse soon.
Local targets and zones are shown on the chart.
Capitalization of this coin is 55m$ as for the moment of writing. So there's quite a potential of 10x on the high of the trend. This will be 666 zone...
S-XRP
XRP/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this XRP/USDT update from Crypto Sanders.
Chart Analysis:- XRP is still in a downtrend, but the price found good support at 57 cents. Bearish momentum decreased in the past few days and the price only fell by 2% compared to last week.
If buyers return, then this correction may be coming to an end. However, any renewed rally will have to face the resistance at 68 cents.
this cryptocurrency is well-positioned to resume its uptrend in December if the overall market remains bullish.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
🔥RNDR Is Repeating This Pattern: +230% Profit Soon❓Render price is flowing smoothly and updates the lows which forces the long traders to close their trades.
We saw this pattern a few months ago before a pump: wedge breakout and dump of the price.
The closest target is $2.91-3.3.
BTW Me and Altcoin Gems members bought Render at $0.61 and sold 50% at $2-2.5. I think that this altcoin have enough potential to continue to grow to the new ATH and make x5-10 at the upcoming bull market.
RNDR is one of the most promising AI altcoins.
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XRP to 1.20 before retesting 0.50 at the longer term trend lineAs per the diagram below, fairly self explanatory. Price could easily move back in to our DCA or Buy Zone ranges before taking out the .85 level on the way to 1.20 where i intend to sell all my XRP. I fully expect a retest of the longer term trend line before the actual bull market commencement for XRP. I expect a move in to the sell zone before the end of Q1 2024.
🌊 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 '
🔥HOOK Is Breaking the Wedge: This Fresh Altcoin Has PotentialHooked broke the wedge. The test of the wedge will be a bullish signal and return to the wedge will be strong bearish signal. Also the test of $1.04 will be the bullish signal as well.
$1.04 and 2.6 are the key resistance levels and the main targets for Hooked.
As you remember guys, this is just the local targerts and it will grow much in price during the Bitcoin bull market.
💥$44M is very low cap for this altcoin on Binance
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🔥LINK Is One Of The Strongest Altcoin: Bullish Signal Appear❓The price doesn't reach the low of the channel. As for me, the big orders are supporting the Chainlink price.
I left for you 2 entry point:
1. the bottom of the LINK channel if BTC make a pullback to $20-22k
2. test of the top of the channel as the support
The closest target are the top of the channel and $18.3 key level.
💥$3.75B cap is still can grow by 70-200% in 2-4 weeks
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Long XRP here to 73 CentsI really like XRP at this level. The 58 cent level proved it is legit support and XRP now looks to have formed a bull flag which it is at this moment attempting to break out of. All moving averages are on the underside of us assisting the 58 cent level in supporting price. Additionally, we have touched that RED line (see RSI) yet again and everytime we do so a decent pump has followed. I'm long to 73 cents with my SL at 53 and a RRR of 1.5. My stops are rather loose. Others may tighten that up to increase the RRR pending risk tolerance.
None of this is fin advice.
Best,
Stewdamus
XRP/USDT - Waiting For $0.535 To Be ReachedAfter monitoring this one for the last 10 days, we have seen a lot of things, starting with a nice breakdown and also the price teasing that 100EMA as well. The price remaining below the 100 EMA and the resistance zone, which is a bearish indicator for us, further confirms the breakdown we had.
We are still keeping an eye out for that lower support zone to be reached near $0.535, so let's see how this week we will be moving on the XRP.
Whale Dumps Over 25 Mln XRP Amid A Price Slump
XRP Price: The XRP cryptocurrency gains significant traction within crypto markets as it recently witnessed an increase in whale activity.
XRP, a Ripple Labs-backed cryptocurrency, is once again creating a buzz within the world of cryptocurrencies as it witnessed significant whale activity as of today, November 27.
According to recent market data orbiting around the Ripple-backed cryptocurrency, an XRP whale transferred colossal amounts of XRP to a centralized exchange.
Furthermore, the same whale has been observed transferring millions of XRP to CEXs in a series of transactions over the past few days.
Subsequently, the XRP price also witnessed a marginal plunge over the past day as of writing.
XRP Whale Activity Report For Today
As per the data provided by Whale Alert, a blockchain tracking platform, an unknown wallet, 4wf7enWPx…5XgwHh4Rzn, transferred 25.5 million XRP to Bitstamp, a Luxembourg City-based digital asset exchange today. The amount of tokens transferred to Bitstamp totaled $15.72 million at the time of writing.
As reported by CoinGape media earlier, the same whale has amassed substantial attention within the cryptocurrency realm as it transferred millions of XRP to exchanges over the past few days.
Furthermore, the dumping of massive amounts of XRP to Bitstamp appears to come concurrent with the recent price fall witnessed by the token. The dumping of tokens to exchanges usually portrays a possible increase in supply, resulting in reduced demand for the cryptocurrency.
XRP Price Evaluation
At the time of writing, the XRP price witnessed a marginal downfall of 1.89% over the past twenty-four hours, reaching $0.6093. Moreover, the token witnessed a 1.69% decrease over the past seven days.
However, the twenty-four-hour trading volume saw a notable increase of 128.08%, evaluating $1.30 billion.
The mentioned decline in price appears to coincide with a notable increase in whale activity, as substantial amounts of XRP are being dumped onto exchanges.
Furthermore, in recent news revolving around the cryptocurrency backed by Ripple Labs, Brad Garlinghouse, the CEO of Ripple, shared his insights in a social media post in response to the comments made by former U.S. Securities and Exchange Commission Chair Jay Clayton about cryptocurrency regulation. Garlinghouse’s reaction was prompted by Clayton’s recent supportive remarks toward cryptocurrency entrepreneurs during a Council on Foreign Relations event.
XRP Price TargetIf you haven`t bought the dip on XRP here:
Then you need to know that Binance, along with its CEO 'CZ,' has confessed to federal charges and committed to settling fines amounting to $4.3 billion.
The crypto exchange “admits it engaged in anti-money laundering, unlicensed money transmitting and sanctions violations"!
The question arises: from where will these substantial funds be derived?
One possible source is Binance's Proof-Of-Reserves, which reportedly exceeds 100%.
Among the tokens impacted is XRP.
I've set a short-term price target for XRP at $0.53.
Looking forward to read your opinion about it!
XRP: Pullback in UptrendRipple (XRP) technical analysis:
Trade setup : Bullish breakout from Ascending Triangle pattern and above 200-day moving average signaled resumption of an Uptrend. Price spiked up as high as $0.73 but got very overbought (RSI > 85!) and pulled back on some profit taking. This pullback near $0.55 support and 200-day MA could be a swing entry opportunity in an Uptrend with upside to $0.92. That’s the peak from July’s runup.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $0.55 (previous resistance), then $0.45. The nearest Resistance Zone is $0.68, then $0.92.
BITCOIN OVERVIEW📉We're currently seeing an overextended Wave V, which is trapping early sellers & later buyers. What convinces me that we're at the top, or getting close to it is the choppy price action & consolidation phase we're currently witnessing. Is BTC ready to drop now, or will we see 1 last push up to liquidate all new buy & sell positions?
Looking at 2 possible scenario's👇🏽
1. For Wave 5 (Wave V) to SLOWLY keep pushing buyers upwards until $39,200 - $41,800. This final exhaustion push will bring sellers back into the market.
2. If current price is the Wave 5 top, waiting for a break below $35,000. This structure break will confirm the downtrend📉
XRP price increase will shock people in the coming months!Less than 1/2500th of 1% of the global population is aware of what is about to happen to the global economic system. The new digital system is virtually unknown by the vast majority of people on earth, and very few of those 'in the know' are even aware of just how incredible the next 7 to 10 years are going to be for the right digital assets.
XRP will be the king of the digital-asset-space bar none! And even many people who hold XRP now will be picking their jaws up off of the floor when they see what is about to happen to the price in the short, and long term!
XRP holders - hold on tight!
Ripple Aims for Dominance in $300 Trillion Cross-Border PaymentsRipple's XRP-powered solutions are set to revolutionize cross-border payments by 2030, offering efficiency and transparency.
Ripple is making significant strides in the cross-border payment sector, with its XRP-powered solutions aiming to transform the colossal $300 trillion market by 2030. Pegah Soltani, Ripple’s Head of Payments Product, spearheads this ambitious initiative, focusing on leveraging blockchain technology and the XRP digital asset to revolutionize international financial transactions.
Revolutionizing International Transactions
Ripple’s strategy involves simplifying the complex global payment network. The company aims to introduce more efficient, cost-effective, and transparent cross-border transfer methods. This approach aligns with market predictions, indicating a potential surge in the value of Ripple’s XRP. Analysts forecast an increase of up to 5,000%, possibly driving its price over $25.
Ripple’s Transaction Mechanisms
A key component of Ripple’s strategy is the XRP-Xahau Burn2Mint (B2M) feature. This innovative mechanism enables the conversion of XRP tokens into XAH, Xahau’s native token. This process enhances transaction security and integrates seamlessly with decentralized networks, thus bolstering the XRPL ecosystem’s functionality and security.
Enhancing Cross-Border Payment Efficiency
Ripple aims to address perennial issues in the cross-border payment arena, such as slow transaction speeds, high fees, and frequent processing errors. By utilizing Ripple Payments service and the efficiency of XRP, the company aspires to transform the way international funds are transferred. This approach promises faster, more affordable, and transparent international transactions.
Moreover, the advancements could significantly challenge traditional systems like SWIFT, suggesting a shift towards a more accessible and efficient global financial system. Consequently, Ripple’s journey in the financial sector warrants close attention since it could redefine international finance mechanisms.
XRP has Broken Out of Descending Channel |👀🚀 What 's Next?💎 Paradisers, prepare for a captivating trading prospect with XRPUSDT. The asset is currently exhibiting significant activity within the demand zone, indicating a potential shift towards an upward trend.
💎 Ripple has been meticulously following a descending channel. It has previously broken above this channel, and we anticipate a move towards a resistance level, followed by a quick pullback, consistent with its typical channel behavior.
💎 There's a strong likelihood of a bullish movement initiating from the support level around $0.5742. With XRP having effectively broken out of the trading channel upwards, a resistance target near $0.9500 is within sights.
💎 Timing is crucial for astute Paradisers. Identifying the most favorable entry points during this upward trend is key. It's advisable to be cautious and avoid buying at the peak of the movement.
💎 Stay alert, as there's a possibility of XRP falling below the support level of $0.471. A drop beneath this crucial point might cast doubts on the sustainability of the upward trend.
XRP broke out of a descending wedge pattern on the daily chartFor the past two weeks, BINANCE:XRPUSDT has been in a descending channel. Price just broke out of this channel, making higher highs for the first time in a while. If this maintains, we could see a retrace back up to $0.73.
Are you bullish on XRP? Now is a good time to load up your bags!
#XRP : Targeting 1$ in the Near Future. Expecting at least 35%.XRP have been in a good position and a healthy market phase compared to the overall crypto market. For now we can witness that a beautiful cup & handle pattern already formed and is finishing its current phase preparing for a breakout. If things keep the same as it is, there will be a high probability to see Ripple making some good North side moves.
Besides the formation of the pattern: -- We can witness a bullish divergence with the RSI and MACD.
- Stochastic showing an oversold behavior and seems sellers are being knocked out as we speak.
- MACD and RSI are still showing an uptrend momentum and that there is a space for growth in the near future.
- The handle on the 1D chart is already forming a bullish falling wedge on lower time frames and a break out will confluence the 1D chart.
- Ichimoku Cloud is providing a good support at current price level.
- Next strong resistance area will be in between $0.71 - $0.73 and these areas will be much more interesting to follow.
- If the neckline can be broken at any point of time we sure can wait for a successful retest and that will be our entry for a confirmed move towards the $1 price tag.
- Will be updating about the fundamentals soon too and a closer watch to this formation for sure will repay the patience.
- Stop loss will be considered to be at the price level where a failure of the retest occur. By this depeding on ones trading strategy putting the stop anywhere below the neckline will be a wise move.
Keep spreading the knowledge and +ve energy. Let you be peace in every single steps of your life. Stay tuned for more.
@ cryptotalket