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XRP price tests $0.50 support as AMM makes comeback on XRPLedgerThe Ripple $(XRP) price has been testing the psychologically significant support level of $0.50 on Friday, despite the recent rally of Bitcoin prices to $70,900 on April 12. CRYPTOCAP:XRP prices have remained unaffected by Bitcoin's recent gains. The possible influence on CRYPTOCAP:XRP prices is the recent Automated Market Maker (AMM) amendment, along with developments in the Securities and Exchange Commission (SEC) lawsuit against Ripple ( CRYPTOCAP:XRP ) and related court cases, such as the Govil and Coinbase lawsuit. On Friday, XRPLedger's 'fixAMMOverflowOffer' amendment went live, and the AMM is back in action on the mainnet, marking a milestone for Ripple's blockchain. Ripple's CLO Stuart Alderoty shared details of a lawsuit in which the Second Circuit rejected the SEC's appeal. The SEC alleges that Aron Govil used his position as a controlling shareholder to cause Cemtrex to engage in a variety of fraudulent conduct. The regulator is seeking disgorgement of misappropriated funds; however, the Second Circuit denied the SEC's appeal. Alderoty considers it the SEC's loss since the Second Circuit refused to reconsider their decision in Govil, which held that if a buyer suffers no financial loss, then the regulator is not entitled to disgorgement from the seller. The SEC is seeking over $2 billion in fines from the payment remittance firm, Ripple, for the institutional sales of XRP made by the payment remittance firm and violation of securities laws. It alleges that Ripple violated securities laws. The Govil decision sheds light on what XRP holders can expect from the SEC's appeal in the Ripple lawsuit. Pro Ripple attorney Bill Morgan commented on the Govil lawsuit and its impact on the Ripple case. Morgan said that no conclusion can be drawn until Ripple's brief and counter-arguments against the SEC's motion are public. Technical analysis shows that the Ripple price ( CRYPTOCAP:XRP ) is trading within a tight range between the February 7th low of $0.5077 and April 9 high of $0.6431. CRYPTOCAP:XRP price is testing the $0.60 support on Friday, which is considered a key psychological level for the altcoin. It acted as support throughout March and April 2024. A successful retest of $0.60 would mean CRYPTOCAP:XRP prices are likely to make their way to the April 9 high of $0.6431. The altcoin faces resistance at $0.6336, a level that it has failed to break in the past two weeks.
by DEXWireNews
LTCN About To Print MillionairesHello everyone, I figured I would do an updated chart on LTCN. My previous chart played out as predicted so far. So, LTCN is in a clear breakout. Local top is coming around $30 with a possible 50% correction back down to $15 at that time. Coincidentally after the current cup and handle plays out, this correction will be forming a much larger cup and handle pattern on a higher degree of trend. If this larger cup and handle plays out then I can see LTCN hitting all time highs and probably breaking through into price discovery where we could see $1000 + LTCN. For this to happen then the native Litecoin cryptocurrency would have to be into the thousands of dollars. Either we are all crazy or Litecoin crypto is about to print bigger millionaires. Hold onto your hats folks, things are about to get interesting. Good luck out there. This is just my opinion, none of this should be considered financial advice in any way.
OTC:LTCNLong
by Bitgolder
32
HelenP. I Ripple will continue to decline to $0.5715 levelHi folks today I'm prepared for you Ripple analytics. Some days ago price rebounded from the resistance zone, which coincided with the resistance level and made impulse down to the support level, breaking the 0.6435 level. After this, XRP rebounded from the support level and tried to rise, but when it rose almsot to the resistance level it made a correction. Then Ripple made a strong impulse up to the trend line, breaking the 0.6435 level again, but soon it turned around and started to decline in a triangle, where firstly price fell to the resistance zone and later broke the 0.6435 level one more time. Then price declined to the support zone, after which it turned around and rose to the resistance zone, but soon XRP exited from this zone, making a fake breakout and in a short time declined to the 0.5715 level. After this movement, the price made impulse up to the resistance level again, thereby exiting from the triangle and breaking the trend line, but recently XRP rebounded from the 0.6435 level and started to fall. Just now, I expect that Ripple will rise a little more and then continue to fall to the support level. For this case, I set my target at 0.5715 level. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
1
XRPUSDT.4HAnalyzing the XRP/USDT chart from a 4-hour timeframe, the market is currently in a consolidation phase, trading within a defined range marked by the support level S1 and resistance level R1. The horizontal channel pattern indicates indecision between buyers and sellers. The RSI is just shy of the 60 mark, suggesting a slight bullish bias but not significant enough to confirm a strong upward trend. The market could be approaching a potential shift in momentum as the RSI is neither overbought nor oversold. The MACD shows a narrowing gap with the signal line, implying a weakening of the current trend. The histogram reflects this indecision with minimal height bars, indicating the market could be poised for a breakout or breakdown. If the price action can sustain above the S1 level, it might indicate an appetite for a retest of the resistance at R1. A breakout above R1 could signal the start of a new uptrend. Conversely, a fall below S1 may indicate a bearish move towards the lower end of the range or beyond. In conclusion, as a trader, I would wait for a clear signal beyond this consolidation range before making any significant trading decisions. The current market condition calls for a cautious approach, with an eye on both the R1 and S1 levels for potential breakout or breakdown.
Long
by MarsSignals
XRP vs XLM Weekly Nearly IdenticalLooking at these two banking tokens on a weekly line chart it is not hard to see that the price action pattern of both has been nearly identical. Using a log scale to measure the change in percentage we see they are topping and bottoming together but yet XRP is up nearly 2x over XLM. If we look at the first range xrp traded in at launch we see a lower double top pattern followed buy a upward curving tight range and then a massive price explosion. Currently we see the same pattern emerging with the lower double top followed by the same upward curving tight range. If the pattern repeats itself the next step in this fractal is price explosion. Squares on the left hand side represent the percentage rise and fall of the first range formed at launch for each token. This typically is a good gauge of the percentage gain available from an assests circulating supply. Unfortunately with cypto circulating supply is subject to change by minting new tokens, lost tokens, and burning.
BITSTAMP:XRPUSDLong
by Degen-Dynasty
HelenP. I Ripple can continue to move up to $0.6000 levelHi folks today I'm prepared for you Ripple analytics. A not long time ago price started to trades in the resistance zone, which coincided with the 0.6185 resistance level, after which XRP rebounded from this zone and rose to the trend line. Then price turned around from this line and in a short time declined back to the resistance zone and even lower, breaking the 0.6185 level, but soon rose back. Price some time more traded near the resistance zone and later made impulse down to the support level, which coincided with the support zone, thereby breaking the resistance level with the trend line. Next, Ripple turned around from the 0.5725 level and tried to rise more, but when it reached the trend line, the price declined lower support level to the support zone. After this movement, XRP a not long time ago made impulse up from this area, thereby breaking the support level with the trend line one more time. As well, the price reached a resistance level, but in a short time declined to the support level and now it tried to rise again. For my mind, Ripple will make correction to the support level again and then rebound up. That's why I set my target at the 0.6000 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
1
BCHG Looks Good For A Run To $50 At LeastBCHG has broken through all the resistance levels. Next one is around $24.50 and if it can get through that then I see a straight shot to $43 and then $55. At those levels I would expect a decent pullback perhaps up to 50% before its attempt to break the high. BCHG is much further along than LTCN in its run. LTCN still has a long ways to go to reach the level that BCHG is at. So upside on BCHG is limited in the short term perhaps another 100% vs LTCN could do a 1000% move to reach the same level as BCHG as far as nav value to price. Keep an eye on news and developements surrounding the space and specifically securities and SEC stuff. The Proof Of Work coins are about to make a comeback. I think Litecoin will far outperform Bitcoin Cash but Bitcoin Cash will have a decent run as well. Good luck out there my friends. Ill update this chart throughout the cycle. Please like and follow me and this idea so you can be notified when i update it. Thank you and please know that none of this is financial advice its just my opinion and observations. Good luck my friends.
OTC:BCHGLong
by Bitgolder
7
Ripple Labs' Set to Launch a Stablecoin Pegged to the US DollarRipple Labs Inc., an American blockchain payments firm, has recently announced its intention to launch a stablecoin that could potentially compete with Tether ( CRYPTOCAP:USDT ) and other similar stablecoin assets in the market. The firm aims to offer transparency in its reserves, which will be pegged on a 1:1 ratio with the United States Dollar and will be composed of multiple assets, including US dollar deposits, short-term US government treasuries, and other cash equivalents. To ensure transparency, Ripple Labs ( CRYPTOCAP:XRP ) has stated that it will conduct a thorough audit by a third party and will publish monthly attestations right from the launch. The firm will also adopt a compliance-first strategy, leveraging the BitLicense it received from New York, as well as other related licenses from Singapore and Ireland, as a starting point for its regulation-first approach. According to Brad Garlinghouse, Ripple CEO, this move is a natural step for the company to bridge the gap between traditional finance and crypto, and institutions entering this space are finding success by partnering with compliant, crypto-native players. The proposed stablecoin will further relieve the strain on CRYPTOCAP:XRP , Ripple's associated digital currency used as a payment token to power its On-Demand Liquidity (ODL) service for years. Furthermore, Ripple Labs Stablecoin will be hosted on the XRP Ledger (XRPL) at launch, and the firm plans to expand this reach to other protocols overtime to push its decentralization agenda. Ripple believes that its alternative stablecoin has the enterprise links to gain a significant market share from Tether and USD Coin, which currently dominate the stablecoin market. The introduction of a new stablecoin could imply relative competition within the Ripple ecosystem, potentially impacting CRYPTOCAP:XRP demand and price in the long term. However, Ripple's business confidence could increase, and investors may bet more on the coin, positively influencing XRP's price outlook. CRYPTOCAP:XRP has already shown bullish growth of 2.33% in 24 hours, marking the first sustained bullish trend for the week. Overall, Ripple Labs' plans to launch a stablecoin asset offer a new dimension to the stablecoin market, and its promise of transparency, compliance, and multichain compatibility could further solidify its position in the crypto space.
Long
by DEXWireNews
🔥INJ Is In A Massive Channel: Remember that AI BOOM❓Injective is one of the AI-related altcoins which grew by +800% after the channel breakout. Now the price consolidating in a channel and you can buy it close to the bottom and sell at the top of the channel. The main question is at what side the channel will be broken! Additional question, if the price have enough power to grow by 700% as the continuation of the bull flag pattern? 💥 will it repeat this time? everything depends on BTC, but it has a chance to do so. like❤️ and follow Check the links and get a BONUS from me👇
by Alex_Dehtiarov
1
XRP Faces Turbulence: Traders Suffer Losses Amid SEC Lawsuit The CRYPTOCAP:XRP market is grappling with turbulence as traders count their losses amidst mounting uncertainty surrounding the Securities and Exchange Commission's (SEC) lawsuit against Ripple ( CRYPTOCAP:XRP ). With the price plummeting to a two-week low of $0.56, investors are bracing for further volatility ahead of the next key deadline in the legal battle on April 22. As Ripple prepares to present its response to the SEC's remedies-related brief, the fate of XRP hangs in the balance, prompting traders to reassess their positions in anticipation of the impending developments. The Ripple Effect: The recent downturn in XRP's value has sent shockwaves through the market, with traders collectively suffering losses amounting to $25.67 million since Tuesday. This stark decline underscores the prevailing uncertainty surrounding the outcome of the SEC lawsuit and its implications for Ripple and the broader cryptocurrency landscape. As traders grapple with mounting losses, the Network Realized Profit/Loss chart on Santiment reveals a sign of capitulation, further exacerbating market sentiment and fueling speculation about XRP's future trajectory. Navigating Uncertain Waters: Against the backdrop of legal turmoil, CRYPTOCAP:XRP holders are closely monitoring the upcoming deadline in the Ripple lawsuit, particularly Ripple's expected opposition to the SEC's remedies-related brief on April 22. The outcome of this legal skirmish is poised to shape the narrative surrounding CRYPTOCAP:XRP and determine its near-term price action. Technical Outlook CRYPTOCAP:XRP holders are closely monitoring the next key deadline in the Ripple lawsuit, particularly regarding Ripple's expected opposition to the SEC's remedies-related brief on April 22. Technically XRP's price may potentially experience a liquidity sweep at $0.56 before beginning its recovery. CRYPTOCAP:XRP has been able to sustain itself above the two key support levels for almost a month. If CRYPTOCAP:XRP price collects liquidity at the $0.5673 support, the altcoin is likely to bounce back and fill the Fair Value Gap formed between $0.6030 and $0.6103 and another one between the $0.6185 and $0.6204 levels.
Short
by DEXWireNews
RIPPLE - Price can break support level and continue to declineHi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊 Recently price entered to rising channel, where it rose to support level, but at once bounced and fell to support line of channel. After this, price turned around and made upward impulse to resistance level, thereby breaking $0.5665 support level. Next, XRP corrected and then repeated upward impulse to $0.7440 points, breaking $0.6630 level and exiting from channel. Soon, price turned around and in a short time declined to support level in triangle, breaking resistance level again. A not long time ago Ripple bounced up and started to rise and now I think that XRP can fall to support level back. Also then, Ripple will break this level, make retest, and continue to fall to $0.5200 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
1
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by CryptoCheck-
The key is whether it can receive support around 0.5682 and riseHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (XRPUSDT 1M chart) If the price remains above 0.47, it is expected to continue its upward trend. Since the volume profile section is formed around 1.0409, it is expected that a new wave will be created only if it rises above 1.0409. (1W chart) The HA-High indicator is formed at 0.5682. Accordingly, the key is whether it can receive support around 0.5682 and rise. If not, 1st: 0.5236 2nd: 0.47 You need to check if you receive support near the first and second levels above. Since a psychological volume profile section is formed around 0.618 (0.8121), in order to continue the upward trend, the price must rise above the psychological volume profile section formed around 0.618 (0.8121). (1D chart) As prices fall, the likelihood of a new HA-Low indicator being created increases. The creation of the HA-Low indicator means that a low point is formed. Therefore, if the HA-Low indicator is touched, support is an important issue. Currently, the HA-Low indicator is formed at 0.5145. Therefore, if the HA-Low indicator plummets to around 0.5145 before a new indicator is created, you should check to see if it shows support. If support is confirmed, it is time to buy. Falling below the HA-Low indicator means that there is a high possibility of renewing the low point, so a stepwise decline may occur, so you need to think about how to respond. Since the HA-High indicator is formed at the 0.6405 point, it must rise above 0.6405 to continue the upward trend. Have a good time. thank you -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting area, you should check the movement when this area is touched. #BTCUSD 1M If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
1