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HBAR Surge 53% Amid Speculation Over Brian Brooks Leading US SECHedera’s native token, CRYPTOCAP:HBAR , has captured the spotlight with a remarkable 53% price surge in just 24 hours, fueled by speculation that Brian Brooks, Hedera Board Member and former Binance US CEO, could become the next US SEC Chair. This development, coupled with Hedera's technological advancements and strategic collaborations, has sparked optimism among investors. Here’s a detailed breakdown of the factors driving CRYPTOCAP:HBAR ’s meteoric rise and what lies ahead. Brian Brooks’ SEC Nomination Fuels Optimism Brian Brooks’ nomination for the US SEC Chair position has electrified the Hedera community. Known for his progressive stance on cryptocurrencies, Brooks is seen as a favorable candidate for the crypto sector, a stark contrast to the current Chair, Gary Gensler, often criticized for his stringent approach. This nomination has generated significant excitement among CRYPTOCAP:HBAR holders. Notably, on the prediction platform Khashi, Brooks’ odds have risen sharply, securing him the second spot in the SEC Chair race with 12% of votes. His potential leadership at the SEC could create a pro-crypto regulatory environment, further solidifying Hedera’s position as a leading blockchain network. Hedera’s Role in WISeSat.Space and Other Collaborations Beyond the political buzz, Hedera’s strategic initiatives have added fuel to its rally. The blockchain network is playing a critical role in the upcoming WISeSat.Space satellite launch, scheduled for January 2025. This groundbreaking collaboration with SpaceX will enable the first-ever exchange from space, integrating secure satellite communication with blockchain technology. Additionally, partnerships with major entities such as the Nairobi Securities Exchange are boosting Hedera’s adoption in real-world applications, contributing to the token's rising demand. These efforts are positioning CRYPTOCAP:HBAR as a major player in blockchain innovation, earning it comparisons to Solana, often dubbed the "Ethereum Killer." Technical Analysis Technically, CRYPTOCAP:HBAR has broken out of a symmetrical triangle pattern on the weekly chart, signaling a bullish trend reversal. At the time of writing, the token is trading at $0.1362, with a significant 244% increase in trading volume to $2.06 billion. While the Relative Strength Index (RSI) is currently at 89.66, indicating overbought conditions, the strong buying pressure suggests the rally could continue in the near term. Analysts expect CRYPTOCAP:HBAR to test its next resistance at $0.1562, a crucial level that could pave the way for a long-term price target of $1, as forecasted by prominent crypto analyst Captain Faibik. Market Sentiment and Future Expectations The combination of bullish news and technical patterns has positioned CRYPTOCAP:HBAR for sustained growth. Investors are betting on Brian Brooks’ potential as SEC Chair to foster a friendlier regulatory landscape for cryptocurrencies, which could benefit Hedera and other blockchain projects. Furthermore, Hedera’s consistent collaborations and its role in innovative projects like WISeSat.Space are building strong fundamentals that enhance the token's appeal. The broader crypto market rally is also creating a favorable environment for CRYPTOCAP:HBAR to thrive. Conclusion HBAR’s impressive price surge reflects a blend of political optimism and strong fundamentals. As speculation around Brian Brooks’ nomination gains traction and Hedera continues to secure high-profile partnerships, CRYPTOCAP:HBAR appears poised for further growth. While overbought technical indicators suggest the possibility of short-term corrections, the long-term outlook remains highly optimistic, with analysts projecting a potential rally to $1. Hedera’s role in blockchain innovation and its growing adoption make it a token to watch in the coming months.
Long
by DEXWireNews
1
XRPUSD Ripple vs SEC and Technical Analysis Weekly **Fundamental Description: XRP and SEC Lawsuit Update** The ongoing SEC lawsuit against XRP has taken a significant turn as legal developments appear to favor Ripple. Adding to the optimism, there is speculation that if Donald Trump returns to office, SEC Chair Gary Gensler may face dismissal. This potential leadership change could bring a more crypto-friendly approach to regulatory policies, further boosting sentiment around XRP. Such developments, combined with Ripple’s growing use cases, strengthen the market’s confidence in XRP's long-term potential. **Technical Analysis: XRP Price Action** On the weekly chart, XRP has successfully passed the 0.786 Fibonacci retracement level from its all-time high, a notable bullish signal. However, the price is now testing the resistance at the July 2023 high. With two critical resistance levels in play, it’s prudent to wait for the weekly close to see how the price reacts. A clear breakout above these resistances could signal further upside, while rejection might indicate a period of consolidation. Patience is key as the market seeks direction.
BITSTAMP:XRPUSDLong
by vagada
Mt. Gox Delays Repayment Deadline, Bitcoin RalliesMarket Update - October 18, 2024 Mt. Gox has delayed its bitcoin repayment deadline by a year:  This delay is viewed as a greenshoot for bitcoin prices, with traders arguing it reduces selling pressure on the broader market. The price of bitcoin was just short of $67,000 by Thursday afternoon. US spot bitcoin ETFs saw notable net inflows of more than $555 million on Monday, the highest since June:  Spot ether ETFs also saw $17 million in inflows, continuing positive momentum for both investment vehicles. Coinbase is pursuing partial summary judgment to obtain SEC documents about crypto regulation:  The regulator has previously delayed in responding to a Freedom of Information request made by the exchange over the same issue. US spot bitcoin ETFs saw $18.66 million in net outflows on Tuesday, led by Fidelity’s FBTC, which recorded $48.82 million in withdrawals:  BlackRock’s IBIT was the only ETF to see inflows, with $39.57 million entering the fund. Monochrome will introduce Australia's first spot ETH ETF on Tuesday, following on from the launch of its spot Bitcoin ETF in August:  Notably, the Monochrome ether ETF will allow both cash and in-kind redemptions, which could garner interest from institutional investors. 🌶️ Topic of the Week: Chiliz (CHZ): Bringing Blockchain and Crypto to Sports Fandom 👉 Read more here
GEMINI:BTCUSD
by Gemini
1
New HBO Documentary Hints at Identity of Bitcoin InventorMarket Update - October 11th 2024 Takeaways HBO documentary seeks to unveil Satoshi Nakamoto’s identity : HBO released a documentary, “Money Electric: The Bitcoin Mystery,” on Tuesday that suggests an early Bitcoin developer named Peter Todd invented the cryptocurrency. Crypto.com has filed a lawsuit against the SEC after receiving a Wells notice, claiming the agency has overextended its authority : The lawsuit challenges the SEC's stance that most cryptocurrencies are securities and the agency's regulatory practices. Bitcoin's price pulled back this week : The US Department of Labor announced that inflation rose 2.4% year-over-year in September, slightly above analyst expectations. Crypto reacted negatively to the news, with bitcoin dropping back below $60,000. US spot bitcoin ETFs saw $18.66 million in net outflows on Tuesday, led by Fidelity’s FBTC, which recorded $48.82 million in withdrawals : BlackRock’s IBIT was the only ETF to see inflows, with $39.57 million entering the fund. The head of Hong Kong’s Securities and Futures Commission (SFC) says the body plans to approve more crypto exchanges before the end of 2024 : The news comes after the regulator received criticism for implementing a strict approach to licensing. New HBO Documentary Suggests Peter Todd is Bitcoin’s Founder An HBO documentary, “Money Electric: The Bitcoin Mystery,” released Tuesday hints that early Bitcoin developer Peter Todd is the cryptocurrency’s founder and man behind the pseudonym Satoshi Nakamoto. In a clip late in the documentary, Todd denied he is the founder of Bitcoin and continued to deny it in a subsequent interview with Coindesk and other media outlets. The film provided minimal concrete evidence that Todd created Bitcoin, but focused instead on his technical skills, his love of cryptography, and his relationship with Adam Back, the Blockstream CEO and investor of Hashcash. "Money Electric" director Cullen Hoback also pointed to a 2010 forum post from Satoshi Nakamoto in which Todd responded, arguing that Todd had forgotten to switch his accounts and his post was a continuation of Satoshi’s original post. "This is going to be very funny when you put this into the documentary and a bunch of bitcoiners watch it," Todd said in the documentary clip while standing alongside Back. "I suspect a lot of them will be very happy if you go this route because it's yet another example of journalists really missing the point in a way that's very funny." This is not the first time Hoback has made a documentary film about trying to uncover the identity of a secretive figure. For his 2021 HBO documentary “Q: Into the Storm,” Hoback spent three years attempting to find the creator of Qanon. Crypto.com Sues SEC After Receiving Wells Notice Crypto.com has officially sued the SEC after the company received a Wells notice from the regulatory agency, which typically precedes enforcement actions. The platform said the SEC's continued regulatory enforcement against crypto companies forced them into taking legal action. According to Crypto.com, the SEC is unjustly expanding its jurisdiction over digital assets by labeling most cryptocurrencies as securities. The lawsuit is part of a broader industry pushback against the SEC's regulatory approach, which many crypto companies claim is outdated and unsuitable for digital assets. The platform is far from the first to take such legal action; Coinbase and Consensys have also previously sued the SEC, similarly challenging the agency’s stance on categorizing cryptocurrencies as securities. The SEC has reiterated the need for crypto exchanges to register with the agency, while firms argue that current regulations are impractical for the digital asset sector. 🌉 Topic of the Week: What is Bridging? ➡️ Read more here
GEMINI:BTCUSD
by Gemini
The weekly linear symmetrical triangle truncatedI wanted to post thesame triangle I posted in the previous idea,but instead of starting the top trendline from the ath in 2018 starting it from the second highest wick.I think both are valid but wanted to give this one its own separate chart since in doing so it makes both the top trendline of the triangle and the bottom have a more similar length and also gives me a easy red ,ove line that is tilted forward which could be useful should the dotted measured ove line start to act as additional support or resistance along the way to the target. Once again as I said in the previous idea, no breakout has been confirmed of this in ear triangle pattern just yet, but the current weekly candle is holding wick support exactly on the top trendline currently which is an optimistic sign. Still completely possible it loses that support but for now it seems post worthy so I can keep a close eye on it. *not financial advice*
BITSTAMP:XRPUSD
by DrDovetail
2
XRPUSD Weekly triangle currently retesting as exact wick supportEven though we are still inside the triangles on the logarithmic chart, we have now been above this key linear chart symmetrical weekly triangle now for 2 consecutive weekly candle closes, and sure enough the big dump that coincided with the SEC’s appeal found wick support right on the top trendline of this triangle retesting it currently as support. It’s certainly plausible that price could continue to fall back inside the linear chart symmetrical triangle here, however closing the currentl weekly candle above ot’s top trendline here and maintaining it as precise wick support would be such a bullish sign were it. To happen that then I would start wondering if the entire appeal thing might actually not go through because maintaining this as support should validate the breakout and send price action on its way up to find that $3.73 cent measured move target. Of curse still very probably we could dip back inside this triangle one more time as well, either way I thought it’d be a good idea to repost this triangle and also include a screenshot of the current wick support zoomed in. *not financial advice8
BITSTAMP:XRPUSD
by DrDovetail
XRPUSD Weekly triangle currently retesting as exact wick supportEven though we are still inside the triangles on the logarithmic chart, we have now been above this key linear chart symmetrical weekly triangle now for 2 consecutive weekly candle closes, and sure enough the big dump that coincided with the SEC’s appeal found wick support right on the top trendline of this triangle retesting it currently as support. It’s certainly plausible that price could continue to fall back inside the linear chart symmetrical triangle here, however closing the currentl weekly candle above ot’s top trendline here and maintaining it as precise wick support would be such a bullish sign were it. To happen that then I would start wondering if the entire appeal thing might actually not go through because maintaining this as support should validate the breakout and send price action on its way up to find that $3.73 cent measured move target. Of curse still very probably we could dip back inside this triangle one more time as well, either way I thought it’d be a good idea to repost this triangle and also include a screenshot of the current wick support zoomed in. *not financial advice8
BITSTAMP:XRPUSD
by DrDovetail
SEC Allows Options Trading on BlackRock’s Bitcoin ETF Market Update - September 27th, 2024 Takeaways The SEC has approved Nasdaq's request to list and trade options on BlackRock's spot bitcoin ETF: The decision introduces new hedging tools for investors but comes with a 25,000 contract limit which has been criticized by the exchange as “conservative.” Crypto investment products saw a second consecutive week of inflows, totaling $321 million, after the Fed's decision to cut rates: Bitcoin investment products led the pack with $284 million in inflows last week. More than 40 Republican lawmakers called on SEC chair Gary Gensler to withdraw the crypto custody rule (SAB 121): They argue the rule increases consumer risk and stifles innovation. Caroline Ellison, ex-CEO of Alameda Research, was sentenced to two years in prison for her role in the FTX fraud case: Despite her cooperation with law enforcement in the case against Sam Bankman-Fried, the judge ruled that Ellison must still serve time. On Monday, OpenAI’s official news account on X was compromised, with hackers using it to promote a fake "$OPENAI" token: The fraudulent post claimed the token would grant access to future beta programs and directed victims to a spoof website. PayPal to accept crypto payments: Payments giant PayPal announced Wednesday it would allow business accounts to buy, hold, and sell cryptocurrencies. SEC Allows Options Trading on BlackRock’s Bitcoin ETF on Nasdaq's ISE The SEC has approved a rule change permitting the listing and trading of options on the iShares Bitcoin Trust (IBIT), BlackRock’s Bitcoin ETF, on Nasdaq’s International Securities Exchange (ISE). BlackRock had been pushing for this approval since March, following the launch of several bitcoin-linked ETFs in the US. Earlier proposals faced concerns around market manipulation. Regulators also expressed concerns around introducing more crypto derivatives products to the market, due to their nascency. To address these concerns, the SEC approved an amendment that limits positions on IBIT options to just 25,000 contracts. The limit has been described as "extremely conservative" by Nasdaq. The regulator also concluded that the exchange’s surveillance systems would be an adequate deterrent for market manipulation. Currently, BlackRock’s IBIT spot bitcoin ETF is the largest in the world, with more than $17 billion in assets under management. 🏦 Topic of the Week: What Are Central Bank Digital Currencies? ➡️ Read more here
GEMINI:BTCUSD
by Gemini
Ripple SEC Case Enters Final Round: What’s Next for XRP?The long-standing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) is entering its final phase, with the crypto community eagerly awaiting a conclusion. The lawsuit, which has kept XRP investors on edge, is now at a critical juncture as experts predict a 75% chance of an SEC appeal, potentially extending the case further and adding complexity to Ripple’s regulatory journey. Ripple SEC Case: A Brief Recap For nearly three years, Ripple ( CRYPTOCAP:XRP ) has been entangled in one of the most high-profile legal cases in the cryptocurrency space. The SEC initially accused Ripple of conducting an unregistered securities offering, alleging that CRYPTOCAP:XRP qualifies as a security. The stakes were high, with the SEC seeking a $2 billion penalty. However, the recent ruling by Judge Torres ordered Ripple to pay $125 million — a far lower amount than expected — which many viewed as a partial victory for Ripple. Despite this ruling, the case is far from over. Speculation is rife that the SEC may file an appeal, challenging portions of the ruling related to institutional sales, while Ripple could counter-appeal the court’s decision on secondary market sales. According to ex-SEC lawyer James Farrell, there’s a 75% chance the SEC will appeal the liability portion of the lawsuit, a move that could delay final resolution by several months or even years. Potential Outcomes of an Appeal If the SEC proceeds with its appeal, it could significantly impact XRP’s regulatory status and broader implications for the cryptocurrency market. XRP has been at the center of debates around whether cryptocurrencies should be treated as securities, and the case’s outcome could set a precedent for future regulatory decisions in the U.S. Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty have been vocal in downplaying concerns about extending the legal battle, reassuring the community that Ripple does not intend to prolong the case unnecessarily. However, should the SEC move forward, Ripple could be forced to mount a cross-appeal, challenging the court’s decision on institutional sales and transactions related to its On-Demand Liquidity (ODL) platform. Notably, some legal experts, such as Fred Rispoli, have raised questions about whether Ripple would be entitled to statutory interest if it wins the appeal. This could potentially force the SEC to return the $125 million penalty, plus interest, significantly altering the financial implications of the case. Rispoli also suggested that the SEC might need to cover Ripple’s appeal costs if it loses, further complicating the regulatory body’s position. XRP’s Market Performance and Sentiment While legal battles continue to cast a shadow over XRP, the asset has shown signs of resilience. As of writing, XRP is trading at $0.5866, up 0.89% on the day, with a moderate Relative Strength Index (RSI) of 56, signaling a potential bullish reversal. Despite XRP’s recent muted price action, the broader altcoin market, including coins like SUI, has performed well, indicating a renewed appetite for risk among investors. XRP’s futures open interest has also risen by 1%, suggesting that market participants remain cautiously optimistic about the token’s short-term prospects. However, its trading volume has seen a slight dip, down 11% to $928.86 million, indicating that while interest in XRP remains strong, it is tempered by the ongoing uncertainty surrounding the Ripple-SEC case. What’s Next for XRP? The SEC’s deadline to file an appeal is looming in October 2024, and the crypto market is bracing for potential volatility in the run-up to that date. Any decision by the SEC to appeal will almost certainly extend the lawsuit, adding further complexity to Ripple’s regulatory future. The case’s outcome will have far-reaching consequences, not only for Ripple and XRP but for the broader cryptocurrency market, as it could shape how U.S. regulators treat digital assets going forward. For now, CRYPTOCAP:XRP investors are treading carefully, with market sentiment mixed but leaning toward optimism. A positive outcome for Ripple could trigger a significant rally in XRP prices, while an extended legal battle may keep the token range-bound in the short term. Conclusion The Ripple-SEC lawsuit is nearing a critical point, with both sides preparing for what could be the final phase of legal proceedings. While the possibility of an appeal looms large, the crypto community remains cautiously optimistic about XRP’s future. Investors should stay tuned for key developments in October, as the case’s resolution will likely have profound implications for Ripple, XRP, and the broader digital asset market.
Long
by DEXWireNews
T minus two weeks to SEC appeal deadlineThe SEC has until October 7th to file an appeal in their securities case against Ripple. Some suspect the recent debut of the Grayscale XRP Trust suggests there won't be one. The XRP price has shown sensitivity to big dates in the case, and the SEC seems bent on pushing further action in new forms. Closure of the securities case itself though could be the catalyst that sets the XRP price free to climb. On the other hand, an appeal could last to a precipitous drop!
BINANCE:XRPUSDLong
by quickshiftinn
5
XRP: SEC vs Ripple Case Closed -(Don't Get Your Hopes Up Though)The 4 Year war is over for the worlds most hated altcoin. Judge Analysa Torres has ordered Ripple to pay $125 million in civil penalties and cease any further violations of securities laws, concluding the outstretched legal case against Ripple. This penalty is favorable for Ripple, given that the SEC had originally claimed a $2 billion fine. Considering the XRP army is still fairly strong thanks to paid youtubers and Twitter/X shillers, I'm expecting a short term volatility and wicky price action similar to what happened the previous time Ripple announced an SEC victory. Noteworthy that XRP has ALREADY gone through a pre-emptive pump, increasing nearly 50% BEFORE the official announcement, likely due to insider trading as is typical with these kinds of things. The previous 24-hours saw a trading volume of around $1.68 billion, indicating that whales are moving and the biggest action is likely already over. The market capitalization of the altcoin is currently $29.5 billion, which is ridiculous considering there is no actual usecase for the alt after 12 years. To be completely objective - this COULD change, IF Ripple could come up with an actual usecase for XRP that somehow burns the enormous supply . Unfortunately, up until this point, it has been used by the board members as a liquidity pool to fund their actual company (Ripple). I don't think it would be wise to trust them considering they have shown their true colors and misused the once promising coin as well as the community. ________________________________ BINANCE:XRPUSD CRYPTOCAP:XRP
BINANCE:XRPUSD
by CryptoCheck-
Fed Signals Possible Rate Cuts, but Crypto Markets Rattled Federal Reserve officials signaled the possibility of a September rate cut during their July meeting: But crypto prices pulled back after Iran pledged it would retaliate against Israel for assassinating Hamas leader Ismail Haniyeh on Iranian soil. Donald Trump expressed strong support for cryptocurrency at the Bitcoin Conference in Nashville: Trump pledged to set up a strategic bitcoin reserve, stop the US from selling its bitcoin, and fire SEC chair Gary Gensler if he gets re-elected. Cantor Fitzgerald CEO Howard Lutnick announced the firm's plan to establish a Bitcoin financing business with an initial $2 billion investment: The initiative aims to provide leverage to bitcoin investors and strengthen the cryptocurrency ecosystem. The nine US spot Ethereum ETFs saw $98.29 million in outflows on Monday, extending their negative flow streak: BlackRock’s ETHA and Fidelity FETH led the inflows, while Grayscale Ethereum Trust faced significant outflows. The SEC is looking to amend its complaint against Binance, which could delay a court ruling on the security status of specific tokens: This move involves third-party crypto asset securities and adheres to a court directive for further proceedings. Fed Signals Possible Rate Cuts, but Middle East Tensions Rattle Crypto Markets Federal Reserve officials at their July meeting on Wednesday opted to keep interest rates unchanged at 5.25%-5%, after the personal consumption expenditures (PCE) price index, a key inflation measure, increased by only 0.1% in June. This brought the year-over-year rise to 2.5%, down from 2.6% in May, moving closer to the Fed’s 2% inflation target. Federal Reserve chair Jerome Powell for the first time hinted at the possibility of cutting rates in September, saying the move is “on the table” if the US continues to make progress on inflation. That would mark the first time the Fed has cut rates in four years. The announcement did not appear to have much impact on cryptocurrency prices. On Wednesday, hitcoin dropped about 2%, below $65,000, while ether dropped more than 1%, hovering above $3,200. The negative price action came after a New York Times report indicated that Iran will take retaliatory action against Israel after Israel assassinated Hamas leader Ismail Haniyeh in Tehran. 🪙 Topic of the Week: What Are Stablecoins? ➡️ Read more here
GEMINI:BTCUSD
by Gemini
XRP - Shift in Momentum in Action!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 XRP has been overall bearish , trading within the flat falling wedge pattern in red. Moreover, it is hovering within a massive weekly support zone $0.5 - $0.6. 🏹 For the bulls to take over from a long-term perspective, a break above the upper red trendline and $0.6 resistance level is needed. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
SEC Ends Ethereum 2.0 Investigation Bitcoin prices fell Monday as nearly $500 million in positions were liquidated: Long positions took the majority of the losses. Deutsche Telekom, parent company of T-Mobile, to join Bitcoin mining sector: The move could enhance network security but also increase competition among miners. Consensys says SEC has ended its Ethereum 2.0 investigation: The announcement confirmed that ETH sales are not securities transactions – marking a significant victory for the space. The Financial Stability Board met in Toronto to discuss regulatory challenges presented by stablecoins: The collaboration with the IMF began last year, with plans to produce a policy paper on the issue. Waka Flocka Flame's new memecoin, FLOCKA, launched on the Solana blockchain, faces criticism amid a roughly 77% price drop: The massive falloff highlighted one of the major issues with the celeb-coin trend. 🐕 Topic of the Week: Shiba Inu: The Doge-Inspired Upstart Memecoin 👉 Read more here
GEMINI:BTCUSD
by Gemini
TSLA : Going to Fall Soon ? (READ THE CAPTION)Upon reviewing the chart for #Tesla stock, we see that the price is giving more weight to our analysis and is currently trading around $176. It seems likely that we will soon witness further declines. The potential downside targets for this analysis are $168, $139, and $119. (This analysis will be updated.) The Main Analysis : Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
NASDAQ:TSLAShort
by ArmanShabanTrading
29
TEDDY BEAR is the #1 MEMECOIN on Pulsechain!How do you get exposure to a blockchain and a community ??? The tried and true answer is by allocating to the main dex (which is #PLSX) and the secondary DEX or most used application (9inch for example) But that really has evolved into buying the best #memecoins on the chain. In my opinion Teddy Bear is proving itself to be the number 1 #meme coin and the most likely spear of the chain ... ie the ability to draw in speculative capital. (of course Richard Heart v the SEC case and his potentially very profitable Ethereum trade are also big drivers ofc) Either way TeddyBear vs #PLS has a fantastic structure of a #HVF @TheCryptoSniper With plenty of upside left on the table 11X on it's target 3 Log projection! Strong chart plenty of liquidity and volume and shilled by the number 1 shiller @iambroots on X don't forget that 11X can be multipled by the number of X's pulsechain were to achieve 5 x 11 == a 55X usd multiple for example
TLong
by BallaJi
XRP will highly likely go to 6-8 USD soonI have to say that I almost finished my analysis but somehow my page got refreshed and it got lost.. So I will summarize what I wanted to say: Pattern recognition is important and are (magnified) copies, and following signs are bullish: * Compare the blue and pink rectangulars * we are hovering above the 200 ema * if we have a break-out of the pink rectangular, we will probably hang below the yellow descending trendline * If we break-out we will most likely see very rapidly ATH or 3-3.2 usd First bullrun around end of 2017 was around 1600% which will be repeated from this level 0.48-0.5 usd.. which results in a level of around 8 usd or exactly the 2.618 FIB level ! I might think a 3th wave will pass the 3 usd level to come back as support in a 4th wave and meet the 6-8 usd in a 5th wave. On a macroeconomic scale it looks all clear and the graph is quite clean for a run-up after a long 6 years consolidation! I think there is much momentum made as we didn't have a ATH in previous bullrun after covid. So the potential is enormous as XRP has a decent bottom and support around the 0.3-0.5 usd level. Also remember when there was a crash in USDT several years ago..everyone ran into XRP which was quite atonishing. It is somehow a reserve currency and could take out ETH in the a second spot which it did already briefly in jan. 2018 ! I foresee a bullrun like end 2017 with a start after 2nd quarter, so end of June this year... which will have a peak again at the end of this year.
BITSTAMP:XRPUSDLong
by Wolverinos
6