Ripple, XRP, SEC and the FUD of the century - My final idea.
SEC's price suppression on XRP is coming to an end as it is rumoured that SEC employees and whales have already bought as much as they could at low prices.
Earlier this year the defence case for the San Francisco firm had looked dead in the water with maximum FUD, haters clapped and weak hands sold, according to crypto observers.
The SEC file its lawsuit a few days before Christmas 2020, claiming its founders were selling it's product, imagine that? a company selling products is something unheard about until now. They also stated its founders were getting rich, something unheard also.
Now, six months on and after series of bruising battles, it appears the odds are now with Ripple Hodlers.
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Dear TradingViewers, so this is my last and final idea, it was fun while it lasted but my humour is not for everyone and I keep getting banned in here, thanks for everyone's likes and comments, all the best.
Xrp-usd
XRP: We might be replicating 2013-2017 period!As you know, i've published previously a couple of ideas on XRP (since february) talking about this curious arc trend (pink line) and how XRP has respected it through its rallies.
Besides XRP has found a strong support on a second touch on it (and probably the bottom), i noted that i was looking at the small pic of 2017 only in my previous analysis, but looking back further i could notice the similarity of the periods 2013-2017 and 2018- 2021 and here's why:
-Both periods of accumulation lasted : 3.24 and 3.38 years (so far) respectively
-the arc trend works the same way shaping the critical XRP supports when touching it
-The second strong touch marks the impulse for the breakout
Now if we are right, the next question becomes: would it also reach the crazy price % targets it reached in the first one? which might be around >200 dls?, sounds irreal but time will tell.
Interesting fact is that all the bull cycle from the 2017 breakout lasted 276 days (that's less than a year!), will this one be around that long?
*******Please click on follow for more charts on XRP and bitcoin!!********
💡Don't miss the great buy opportunity in XRPUSD
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.4982).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XRPUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 73.
Take Profits:
TP1= @ 1.5989
TP2= @ 1.6998
TP3= @ 1.7652
TP4= @ 1.8457
TP5= @ 1.9684
SL= Break below S2
Previous Forecast:
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XRP idea (?)Hi Traders,
I'm still considering the idea that BTC was overbought, as the max pain point for Friday’s $4.2 billion options expiry is $54,000.
Also it's interesting that Tesla would sell 10% of their BTC in this particular moment in the cycle.
Since not a single chart I've seen was correct for past I dont even know how many days, I MADE DIS. I think XRP might follow this path.
I'm posting similar idea in BTC section, feel free to criticise, obviously.
Since I know nothing about trading this idea has been formed based on EuroMotif's analysys "XRP.usd: One Fib to Rule them All, key levels mapped forever" and the BTC fib chart.
This is OBVIOUSLY not a financial advice, I mean come on.
XRPUSD H4Price is in a nice consolidation pattern after the last bull run. Previous resistance has turned into new support, & price is now at the counter descending trendline again. Watching for a clear breakout, for price to resume the uptrend & form a new higher high next around the 2.40 level above!