XRP is looking ripe for appreciation against BTC.XRP has been getting smashed by BTC for quite some time now, but the charts indicate that this may be changing. There is a very nice pattern forming on the chart currently, and the Fibonacci retracement levels are showing what could be some incredible opportunities for gains in the coming months.
Good luck, and always use a stop loss!
Xrp-btc
BEERUSDTTaking a stab at 1000BEER
Scraping to bottom of the range
Its a 4h chart and seems like a fairly new coin
Currently trading at the POC
Nothing really crash hot in Willy or RSI but the MACD is coming to a squeeze
The potential to bang out doubles here isn't crazy to say
Here's what I'm looking at as entry
XRP → Rally to 0.730 ↑ The fundamental denouement is comingBINANCE:XRPUSDT is approaching a possible decoupling, both technically and fundamentally. Positive signs of life could lead to a rally, first stop could be around 0.73.
On W1, the coin is trying to live, but there is a huge fundamental reason that keeps the price from going beyond resistance and flat: The SEC v. Ripple litigation.
The Ripple vs. SEC case is a pivotal moment for cryptocurrency regulation, as a final victory would be a strong green sign for the entire cryptocurrency community amidst the SEC getting a number of restrictions on its activities lately due to overstepping its authority.
Ripple's CEO believes that the final verdict could come at the end of the summer. Everyone is counting on a positive outcome for XRP:
The court found that Ripple violated federal securities laws by making institutional sales of XRP, but dismissed other charges brought by the SEC.
Ripple Labs opposed the SEC's proposal to fine the company nearly $2 billion.
Ripple Labs said the court should impose a civil penalty of no more than $10 million
Technically:
Price continues to test the wedge resistance with the aim of breaking it, volatility decreases and consolidation continues. Below 0.4637 buyers are not letting the price in yet, which may lead to another retest of the resistance, which will only increase the chances of a breakout.
Price consolidation above 0.4962 will be the root cause of market character change and possible rally to 0.6265 - 0.73.
Support levels: 0.4637
Resistance levels: 0.4962, 0.5720
I expect that the buyers will still be able to break through the resistance of the bearish figure in the near future and ride the rally to the mentioned targets.
Regards R. Linda!
Alikze »»XRP | Wave 3 bullish supercycle scenarioIn the weekly time, a complex behavior and movements are forming in the ascending phase, which, according to the overall structure, is in the form of an ascent from the beginning of the movement. According to the bottom of the 0.10 range, a 5-wave structural correction has been formed and the upward movement has also gone through a complex cycle and completed this correction in the form of a three-wave at the 0.38 fibo of the previous wave. Therefore, according to the movement behavior in the form of a super cycle, it should be in the 3rd wave of its super cycle. The invalidity limit of the analysis is 0.2867, which can lead to correction of this movement structure up to 0.23 Fibo. Therefore, according to the current structure, which is a complex upward movement in the form of 3 waves, and sharpie movements can be seen from it, it will have the ability to grow up to the specified areas and even higher goals up to the limits of 13-18 and 34 dollars. which should be reviewed and updated step by step.
But in the lower time, it will have the ability to grow up to the supply area and then up to the previous major ceiling.
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XRP has a major battle ahead to gain on Bitcoin.The XRP vs BTC chart is showing a massive stack of sell orders between the current price, and the upper, long-term trend line. Filling that gap isn't going to be an easy task, but it is possible. And, the fact that the current ratio is nearing the bottom trend line that has been in play for 3,350 days, it could be a sign that XRP is soon to start gaining ground on BTC.
Good luck, and always use a stop-loss!
DOGE RUN IS OVER! TAKE PROFITS OR HOLD YOUR BAGS TILL 2025!Its clear that the doge run is pretty much over. DOGE is headed back down to $.05 and possibly lower over the next few years to maybe below 1 cent, till the next potential crypto run around 2025. These little pumps from Elon and friends is all just a joke so they can empty their bags and have the liquidity to do it while everyone else is buying in to these hypes. I said this weeks ago if you look at my other chart that this thing needs years to consolidate and correct. It outpaced the market in its run and went straight up and in this market anything that goes straight up comes straight down. Also there is no use case and DOGE is not being used, this is all a hype run and a get rich quick pump and dump. Once the rest of the market starts the next run up DOGE may have a bounce but only in dollar value as everything is pegged to Bitcoin but its BTC/DOGE ration will fall. If you believe in the tech then hold your bags and stop looking at the price. If you are just trying to make some money then this may be the time to get out and take profits if you haven't already or cut your losses if you bought in at the top. Good Luck.
If you have any questions or just appreciate this idea then leave me a comment. Follow me for frequent updates as well and if you have a chart you would like me to look at then let me know. Thank you all and good luck.
NOT FINANCIAL OR TRADING ADVICE JUST MY OPINION.
✨GRAYSCALE WINS AND BITCOIN ETF! ✨ ✨ Absolutely amazing news here with the ruling by the D.C Circuit having ruled in favor of Grayscale in it's lawsuit against the SEC for the SEC's decision to deny Grayscale's conversion to an ETF successfully paving the way for Grayscale's filing/ETF petition to be reviewed.
✨ This amongst a series of losses and hard hits for the SEC the past few weeks has been shocking, no doubt casting doubt upon the SEC's decisions and reasonings with the Judge pointing out the fact that the SEC did in fact not offer any explanation or reason for why Grayscale could not file an ETF/go through with the conversion.
✨ This of course doesn't mean or give a 100% confirmation of Grayscale being successful with the Bitcoin ETF, but the ruling alone in itself is a huge achievement and will allow Grayscale to get another chance basically, and this time the SEC can't slap them away or deny the review.
✨ Such is the reason behind the big move up we've had today across the market with Bitcoin and XRP leading the way as whales jump back in amongst the positive news/outcome which had been weighing on the market considering Grayscale alone manages over $14 billion in assets and holds $643,572 BTC as of currently which definitely holds a lot of weight in the market.
cointelegraph.com ] cointelegraph.com
✨ I'll leave the idea there for now but I've attached a link to an article below by Coin telegraph which should help explain more things about the ruling in detail for those of you that would like to read in more but regardless it's very positive and I'm happy with things of course.
✨ Thanks for joining me as we go about our crypto journey, not just as one, but together. It's not always easy but days like this really help ease the mind sometimes. Feel free to leave a like or follow, never hurts and always helps. Thanks and all the best!
~ Rock '
🔥 XLM Triangle Break Out Soon: High Risk-Reward SignalXLM has seen some crazy volatility over the last two weeks. With XLM on the verge of breaking out, I'm anticipating that volatility will return and XLM will see new 2023 highs.
I'm waiting for the price to break out the triangle and close above 0.167 before considering an entry. Stop below the most recent swing lows, target at 0.30.
XRP LONG 0.75$ and 1.15$ are on the RadarXRP price prediction, the value of XRP is predicted to drop by -2.25% and reach $ 0.479326 by July 8, 2023. According to our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 62 (Greed). XRP recorded 17/30 (57%) green days with 3.88% price volatility over the last 30 days. Based on our XRP forecast, it's now a good time to buy XRP.
XRP price today is $ 0.489242 with a 24-hour trading volume of $ 2.56B, market cap of $ 25.56B, and market dominance of 2.08%. The XRP price increased 1.12% in the last 24 hours.
XRP reached its highest price on Jan 4, 2018 when it was trading at its all-time high of $ 3.92, while XRP's lowest price was recorded on Jul 7, 2014 when it was trading at its all-time low of $ 0.002802. The lowest price since it's ATH was $ 0.113268 (cycle low). The highest XRP price since the last cycle low was $ 1.977930 (cycle high). The XRP price prediction sentiment is currently bullish, while Fear & Greed Index is showing 64 (Greed).
XRP's current circulating supply is 52.25B XRP out of max supply of 100.00B XRP. The current yearly supply inflation rate is 13.26% meaning 6.12B XRP were created in the last year. In terms of market cap, XRP is currently ranked #4 in the Layer 1 sector.
Trend bullish
higher pocs
divergence
RSI trend continuation is positive
The bullish sentiment is +86%
Comparing XRP against other important technological innovations and trends is one way of predicting where the XRP price could head over the long term. The table above shows what the XRP price would be by end of year 2024, 2025, and 2026 if its growth trajectory followed the growth of the internet, or large tech companies like Google and Facebook in their growth phase.
In the best case scenario, XRP price prediction for year 2026 is $ 9.05 if it follows Facebook growth. In case XRP would follow Internet growth the prediction for 2026 would be $ 1.037854.
XRP is currently trading above the 200-day simple moving average (SMA). The 200-day SMA has been signaling BUY for the last 48 days, since May 16, 2023.
The price of XRP is currently above the 50-day SMA and this indicator has been signaling BUY for the last 2 days, since Jul 01, 2023.
The most recent Death Cross in the Bitcoin market happened 192 days ago, on Dec 23, 2022. Meanwhile, a Golden Cross last occurred on Apr 03, 2023, which was 91 days ago.
Based on our technical indicators, XRP's 200-day SMA will rise in the next month and will hit $ 0.466289 by Aug 02, 2023. XRP's short-term 50-Day SMA is estimated to hit $ 0.461511 by Aug 02, 2023.
The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 53.43, which indicates that the XRP market is in a neutral position.
S1 $ 0.471781
S2 $ 0.458633
S3 $ 0.446728
R1 $ 0.496833
R2 $ 0.508737
R3 $ 0.521886
Highlights
Price has increased by 52% in the last 1 year
Outperformed 80% of the top 100 crypto assets in 1 year
Trading above the 200-day simple moving average
18 green days in the last 30 days (60%)
Has high liquidity based on its market cap
Trading on Binance
Trading with Euro
Risk Analysis
Outperformed by Bitcoin and Ethereum
Down -87% from all-time high
Yearly inflation rate is 13.26%
XRP price is positively correlated with the top 10 coins by marketcap with a value of 0.140, excluding Tether (USDT) and positively correlated with the top 100 coins by marketcap excluding all stablecoins with a value of 0.128.
Currencies that are positively correlated with XRP indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with XRP, a move in one direction for XRP would translate into a move in the opposite direction for the negatively correlated coin.
XRP Price Forecast
Date Price Change
Jul 4, 2023 $ 0.487750 -0.54%
Jul 5, 2023 $ 0.493399 0.62%
Jul 6, 2023 $ 0.473601 -3.42%
Jul 7, 2023 $ 0.493554 0.65%
Jul 8, 2023 $ 0.479326 -2.25%
Jul 9, 2023 $ 0.484505 -1.20%
Jul 10, 2023 $ 0.442919 -9.68%
Jul 11, 2023 $ 0.461829 -5.82%
Jul 12, 2023 $ 0.473853 -3.37%
Jul 13, 2023 $ 0.488465 -0.39%
Jul 14, 2023 $ 0.468111 -4.54%
Jul 15, 2023 $ 0.442248 -9.81%
Jul 16, 2023 $ 0.439206 -10.43%
Jul 17, 2023 $ 0.436434 -11.00%
Jul 18, 2023 $ 0.437612 -10.76%
Jul 19, 2023 $ 0.447480 -8.75%
Jul 20, 2023 $ 0.442908 -9.68%
Jul 21, 2023 $ 0.453327 -7.56%
Jul 22, 2023 $ 0.463789 -5.42%
Jul 23, 2023 $ 0.446259 -9.00%
Jul 24, 2023 $ 0.443146 -9.63%
Jul 25, 2023 $ 0.439622 -10.35%
Jul 26, 2023 $ 0.433597 -11.58%
Jul 27, 2023 $ 0.431139 -12.08%
Jul 28, 2023 $ 0.431371 -12.03%
Jul 29, 2023 $ 0.420295 -14.29%
Jul 30, 2023 $ 0.429755 -12.36%
Jul 31, 2023 $ 0.422158 -13.91%
Aug 1, 2023 $ 0.437131 -10.86%
Aug 2, 2023 $ 0.436228 -11.04%
XRP Ripple is making a correction within uptrendCRYPTOCAP:XRP BITSTAMP:XRPUSD BINANCE:XRPUSDT
XRP Ripple is making a correction within uptrend
Ripple CEO addresses XRP community members amidst SEC v. Ripple lawsuit
CRYPTO BULLISH
US to take a constructive approach in regulating digital assets
War boosts demand in Bitcoin
Big Russian money could flow into Bitcoin to avoid the US sanctions
Fed delivering only a few rate hikes next year would be great news for cryptos
Bitcoin is paving its way to traditional finance
Adidas news is ‘probably a big thing’
Inflation trades will keep doing better and better, crypto better days lie ahead
People rush to Bitcoin as a new-age inflation hedge
The SEC is poised to allow the first exchange-traded fund based on BTC futures
Negative real interest rates and post-pandemic era can boost blockchain
A Bitcoin ETF seems likely to happen, paving the way for the next boom
El Salvador leads world in adopting bitcoin as official currency, a big step
Senate reaches a deal over crypto amendment, supporting to not kill the industry
CRYPTO BEARISH
Reputational setback to further weigh on prices
Cryptocurrencies to take a severe hit amid general market panic and industry-wise discomfort
Russia/Ukraine conflict to accelerate the regulation of the crypto industry
Higher energy prices make crypto mining more expensive
Bitcoin to suffer amid geopolitical tensions
Bitcoin hit by global risk appetite and shutdown in Kazakhstan
Rising US yields are applying a visible downside pressure on the pricing of cryptocurrencies
Biden's infrastructure bill is bad for Bitcoin
Memecoins are now a problem
Cryptocurrencies will be regulated by governments
Spike in energy prices to become a burden for Bitcoin
China bans cryptocurrencies, again
Delta variant causing concerns, risk appetite disappears
SEC v Ripple Silence Left XRP on the Back Foot Again
There were no SEC v Ripple case updates to impact on Sunday. The lack of updates left investors in a cautious mood. After last week’s extended pullback, XRP may face further selling pressure as investors grow anxious about the outcome of the SEC v Ripple case.
Optimism has faded, leading to the XRP pullback from the March 29 high of $0.58479.
On Saturday, Ripple CEO Brad Garlinghouse may have spooked investors, saying.
“Great to meet so many folks from the XRP community at XRP Las Vegas 2023 – the camaraderie is remarkable (and an amazing feeling in person vs Twitter!). This community has stood by and supported Team Ripple as we have fought the good fight… I can’t adequately express my gratitude.”
It is unclear whether the Ripple CEO was aware of an imminent ruling. There was no crypto event to deliver the sixth bearish session of the week.
USDT vs USDC Reserve BreakdownUSDT (Tether) vs USDC (Circle) reserves☝️
USDT seems to be more diversified then USDC, as they’ve split their reserves into 7 different asset classes. Compared to USDC who are only diversified into 3.
USDT has a healthy 4% of their reserves in Gold, which is up 8% year to date SO FAR. They’re more likely to survive a liquidation process, compared to USDT when the next Crypto crash happens💥
Binance Coin (BNB) Technical Analysis: Is a $1000 Target ?Binance Coin (BNB) Technical Analysis: Is a HKEX:1000 Target Possible?
Binance Coin (BNB) has been on a bullish run lately, with the altcoin market as a whole seeing significant gains. At the time of writing, BNB is trading at FWB:340 , and technical analysis suggests that there may be more upside potential in the near term.
Takeaways:
BNB is currently trading at FWB:340 and has been on a bullish run.
Technical analysis indicates that BNB may retest the HKEX:270 - HKEX:290 level in the next few days, which is a strong support level.
If BNB bounces from the HKEX:270 level, the next target could be LSE:450 , followed by a retracement to HKEX:320 -$330.
If BNB holds the $300 support level, there is potential for it to reach HKEX:1000 or even HKEX:1500 -$2000.
However, if BNB breaks down the FWB:280 level, it could drop to HKEX:150 - HKEX:200 , which may present a good entry point for long-term investors.
Conclusion:
Overall, Binance Coin (BNB) appears to have significant potential for growth in the near term, with technical analysis suggesting that it could reach HKEX:1000 or even higher. However, as with any investment, it is essential to do your own research and make informed decisions based on your own risk tolerance and investment goals.
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XRP decision timeWith BTC on the cusp of a big pump to 30k this weekend, XRP has been pumping hard with purely fundamentals, based around the lawsuit and Gary Gensler begging for more money to run the SEC.
This lawsuit has been consistently predicted to end now or anytime in the future. However, should we DCA in to protect ourselves encase of a pump.
Very strong resistant points for both btc and XRP has been foiled, however xrp had a 30% pump and currently down 14% hitting my first DCA zone :O, its not looking great on the charts ATM maybe zone 2 is hit!
I for one do not want to miss out if we do pump more so I have illustrated my 2 DCA points for XRP. once xrp is past the mid 0.60 cent region we can expect it to pump up towards a 90 cent area before struggling in my opinion, without the news. TPs will be set along the way. However, if news drops that XRP is settled or better has won the entire crypto space will pump with XRP leading.
Other things to consider, Ripples acquaintances within global economic institutions IMF etc, consider the cross boarder routes created, consider SBI testing ripple on FX markets ($6.6 trillion market, ripples forward announcements about developing CBDCS. Will these factor into XRP's price?
I for one will hodl not derivatives trade XRP for the long term (unless big bear market then everything's being sold including my pants)
What do you think?
🔥 XRP Had A Huge Day: Change Of Trend XRP has arguably been one of the weaker alts in the new year. Where most alts saw gains of well over 50%, XRP got stuck around the 25% mark... Until today.
Today marks the day that XRP has broken out of a long-term resistance. Seeing the size of the candle, I'd wager that this is the start of a longer-term trend change, given that BTC will not sell off hard in the near future.
In my view, it's likely that XRP will continue to move up in the near future. I'm looking at the blue area of resistance as a potential target.
IT'S OVER! XRP IS DEAD! | IT HAS JUST BEGUN. XRP THRIVESIt's crazy. 2 years after the hammer being dropped on XRP, we are weeks away from a potential end. Or worse yet, a potential extension to the case where we goes to trial.
At this point, XRP's fate is basically a 3 sided coin toss. Lawsuit ends favorably for XRP 33% chance. Lawsuit continues via a trial 33% chance. XRP is a security 33% chance. This puts the risk reward in favor of XRP destruction at 66%.
If XRP is tied up in litigation through trial for the next several years, good luck. It will fall from grace completely as people lose interest. The community will die off. And XRP will die.
If XRP is deemed a security, XRP dies.
So that leaves the minority outcome: XRP is deemed a non security by Judge Torres, and XRP is able to thrive.
As someone who had put quite a large position on XRP, I'm saddened by where we are today. I truly believed in the XRP use case. But they attacked it. Hard. And it has caused serious damage to the coin. Without a clear win in the next few weeks, we are almost definitely doomed. This is the final countdown. But given that the USA is trying to destroy crypto right now, I feel that the odds are incredibly stacked against XRP. And that the judge will ultimately cave and derelict her duty by passing it off for trial. To me, this is the most likely outcome. And to me, that is as bad as a loss. More or less death by duration of time. We miss the next bull market. That's two in a row. People jump ship. The die hard fans stay behind but ultimately the crypto industry moves on without XRP. It's very sad. But emotion aside, this seems like the plausible future.
Peace to all. Prayers to all. And hopefully, God willing, XRP isn't crushed and we can finally thrive along with the rest of the crypto market. We are a mere weeks away. So at least soon we will know and the anxiety can subside.
XRPBTC 'D' - Ripple Making Gains on BitcoinShowing a strong Buy signal from Crypto Tipster v2 within the lower half of a near perfect symetrical triangle after touching and rebounding off the lower edge - all good signs for a quick 8% long trade!
We've had a couple of really good short trades within XRPBTC recently from Crypto Tipster v2, is this Long going to be another quality trade before reaching the end of this symetrical triangle?
Where do you think the price will head once we reach of the end of this squeeze?
MY PERSPECTIVE FOR XRP MIDTERMI DIDNT OPEN ANY POSITION ON XRP ITS ONLY technical analysis
These trades reflect my trading history and are not investment advice and I am not your financial advisor
Trades will be updated on the same published chart such as Take Profit, Early Exit or Partial Exit..... Good luck to all