Xrparmy
JANUARY 20TH! XRP UPDATE AND TECHNICAL! 🔥 Hey hey, hope everyone's doing well as always. Here we are now at the 20th with Gensler out and Trump now in office. I'll keep this idea brief since I have to leave soon for work so thanks for tuning in!
🔥 In yesterday's idea we noted that today would likely be a green and positive day which to say in the least it has been but we'll take a quick look at the technical:
🔥 In our 30 minute chart we can see XRP did end up breaking out of the descending channel we highlighted in yesterday's idea so that's been great to see and we just barely pulled up to $3.36 before that reversal started once we hit the resistance.
🔥 I decided to add a Fibonacci chart to see if that could help us identify any levels of interest which has worked out! We can see what levels do what now and use those for future reference in the next few hours, days.
🔥 Something of note I wanted to say is that in Trumps America First Priorities speech there was no mention of crypto nor Bitcoin. Investors took that with a heavy heart and we can see things how things sort of revers as the day's gone on understandably. Many we're anticipating trump to make an announcement or executive order on crypto but with that not looking to be the case we're getting this sorta buy the hype sell the news event.
🔥 Doesn't mean we're in a bad position but that's simply what looks to be driving today's market action. I've got to get ready for work but wanted to get those highlights and points of interest out for you guys, keep an eye on those levels and that 200 EMA.
🔥 Thanks for the continued support and as always, keep posted for more till next.
~ Rock '
GENSLER'S EXIT AND TRUMPS INAGURATION! XRP IMPACT🔥 Hey hey, hope everyone's doing well today. Sure most of you are busy so I'll keep this short and concise. Thanks for tuning in as always.
🔥 With the exit of the SEC's Gary Gensler tomorrow as well as trumps inauguration in which many are anticipating, expecting trump to execute a series of executive orders, primarily in regards to the digital asset industry as he's voiced his support of cryptocurrencies and America holding a dominant position in the field.
🔥 Alongside trump's Inauguration we have Gary Gensler's exit which the crypto and digital asset industry is celebrating and no doubt that will be met with positive sentiment tomorrow alongside trump's inauguration. In lieu of Gensler's exit the SEC has also seen a number of ETF submissions highlighting what many are looking to as a positive road ahead for the digital asset space as many expect the SEC will take a kinder stance to the digital asset space now with Trump as soon to be president and Gary Gensler out of office. Referenced below is an article highlighting the recent ETF submission for any interested.
cointelegraph.com
So definitely expecting prices to be volatile tomorrow, anything can happen but as far as I can see, things look positive, it's been years in the work, but things are working well for Ripple and it's holders. We've persevered and the wait will be well worth it.
🔥 And as for a quick technical look, we're still within this descending channel so I'll be keeping an eye on that to see whether or not we can get a breakout or if we'll continue the trend down though with how tomorrow is looking, chances are we'll have a green day to say in the least. I've attached a 30 minute chart below for reference as well:
🔥 Have to go but as I said, a short and concise idea. Expect tomorrow to be volatile with news and positive sentiment likely driving the market so keep note of that and keep posted as always, let's make the best of it and thanks for tuning in, till next!
~ Rock '
XRP SOARS AND THE XRP AVATAR RETURNS!🥂 Hey hey! Hope the new year has been great to everyone! It feels amazing to be back after being encased in ice for 100 years but I'm back now when the world needs me most, and for good! Short to say, the XRP Avatar is back.
🥂 Things have been nothing short of stellar for XRP the last few weeks much like a snowball headed down a hill, growing evermore as it rolls on down with nothing but positive and amazing news. Today's main driver has trumps words as he's expressed interest in the idea of creating an American strategic reserve for cryptocurrencies which could potentially include the likes of XRP, Solana and the USDC stable coin which is managed by CIRCLE. (Not to be confused with Ethereum's USDT*) I've attached a link to an article below for those that would like to.
www.coindesk.com
🥂 So that's basically been the main driver behind this rally today and why we're seeing XRP hit yearly high's as it flew over that $3 point just managing to hit $3.40 before we hit that resistance understandably.
🥂 And for technical we'll take a quick look at our minute chart where we'll be able to see that resistance:
🥂 Pretty clear that bulls are taking the lead as whales continue to save us and keep XRP from losing control or converging with that 200 EMA. We can already see how we almost lost the ball at 9:30am when we had that selloff but bulls managed to overcome sellers with crazy buying power preventing us from losing the 200 EMA. So that's been positive and we'll be looking now to that $3.38 horizontal level to watch for another possible breakout. Either way the news is running the trade today and it's nothing but positive so far.
🥂 As for support here's what I've got and what I'm watching as we lock in that support at $3.20 where we see price broke out and found support in two instances so we'll put that down as the support should we reverse or retrace. I'll set an alert for that to keep an eye.
🥂 Before I end this, just want to give thanks again. Really appreciate you guys joining me today and remember, the markets are going to be crazy the next couple days, especially as Trump gets inagurated and the market watches to see what moves he makes his first day in office with many hoping for him to take legislative action in regards to digital assets. I'll be sure to keep you guys updated so be sure to keep tuned and posted and till then, wishing all the best!
Best regards,
~ Rock '
All Gas and No Breaks ( XRP and Crypto Market Cap)Analysis of XRP/USD & Crypto Market Cap
• XRP/USD Weekly Chart:
XRP continues to demonstrate strong bullish momentum, breaking through resistance levels and moving towards its Year All-Time High (ATH) at $3.3170. With the new weekly candle showing strength, the bullish structure is solid, and the market is setting its sights on retesting higher levels. The New Low (8HR) at $1.8991 has proven to be a solid base for the continued move upward.
• Crypto Total Market Cap (8M Chart):
The overall crypto market cap is also aligned with bullish momentum, moving towards a key previous high at $3.73T. With a solid close above $3.42T, the structure reflects an ongoing recovery from the 21’ High zone ($3.02T), which has acted as a major support. The long-term perspective suggests that once this retest is completed, the market is prepared for a potential breakout toward $4.44T.
• Key Observations:
1. XRP’s consistent bullish structure across higher timeframes (weekly chart) aligns perfectly with the broader market cap recovery.
2. Both XRP and the crypto market cap charts reflect a synchronized upward movement, reinforcing the idea of strength in the overall crypto space.
3. The “waiting for retest” levels in both charts highlight crucial resistance areas to watch for confirmation of sustained momentum.
My Overall Conclusion:
The charts are screaming bullish continuation, with key resistance levels lining up as the next targets. The title “ALL GAS AND NO BRAKES” perfectly captures the relentless momentum we’re witnessing in XRP and the broader crypto market. Stay tuned, as the next few candles could solidify this bullish narrative even further!
XRP | Bank of America Uses XRP InternallyXRP is making international headlines once again - this time, news of a collaboration with Bank of America is going around.
XRP gained against the trend on Wednesday, as other cryptocurrencies faced losses. The surge followed a photo shared by Ripple CEO Brad Garlinghouse, showing him dining with Chief Legal Officer Stuart Alderoty and President-elect Donald Trump.
But have we seen this before? In the past, Ripple has been known to make dodgy deals with news outlets and participate in unsolicited and unethical advertising - who remembers all the celebs they paid to speak out about XRP, and then the string of YouTube influencers? The SEC case cracked down on this "market manipulation" particularly hard, but it merely cost Ripple a few million dollars in fines.
Recently, David Stryzewski, CEO of Sound Planning Group, appeared on FOX Business to assert that Bank of America (BoA) is now utilizing XRP for 100% of its internal transactions. If verified , this would mark a groundbreaking step toward mainstream adoption of blockchain technology within major financial institutions. (This is a little worrisome - a validation from Bank of America would really be the only believable confirmation).
As per a recent article by The Crypto Times, a move of this magnitude could position XRP as a pivotal component in global banking systems. Notably, Bank of America’s relationship with Ripple is not new. The bank has been a member of RippleNet, Ripple’s blockchain-based global payments network, which facilitates secure and fast international money transfers. Bank of America's interest in blockchain technology dates back to at least 2017, when it filed a patent for a real-time settlement system referencing a "ripple" distributed ledger. Although the patent did not explicitly mention XRP , it signaled the bank’s intent to explore the integration of Ripple’s technology into its operations. According to Stryzewski, BoA has since filed 83 patents related to Ripple’s blockchain technology, underscoring its commitment to incorporating this transformative technology into its infrastructure.
Another recent publication by Binance expressed confidence in XRP’s long-term significance, praising the technology and Ripple's partnerships through RippleNet. Ripple’s official website lists Bank of America as a member of RippleNet, reinforcing the likelihood of ongoing collaboration.
If Stryzewski's claim proves accurate, it would represent a historic milestone for cryptocurrency adoption in traditional banking, potentially leading to a massive short-term pump. It is good to remember though, as with any news relating to Ripple and XRP, there are always many "if's" and "buts".
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CRYPTO:XRPUSD COINBASE:XRPUSD BINANCE:XRPUSDT
XRP, will history repeat?XRP and the Army.
XRP will do nothing and could be considered a stable coin until it finally doesn't. Historically XRP does nothing without the rest of the market, they all follow bitcoin.
When does the magic start? When the yellow line crosses the purple and the red, more specifically the purple. Until then, stable coin. I have that area circled in prior history.
When it starts it should be 4 weeks of insanity then a correction and pause for approximately 8 months and a final 4 weeks of the final phase. That's the good news, the bad news is it might be well into 2024 and bitcoin will have to make new highs before XRP de-pegs it self from it's stable coin status.
I have also added the TDI indicator on the bottom as it shows the bear market areas and bull market areas.
I Have linked another chart that I made a few back on XRP and a lengthening altcoin cycle chart.
I have picked long for XRP but I don't expect it anytime soon. The earliest would be late this year but most likely 2024.
WeAreSat0shi
Thank you
XRP consolidating before next move?Let’s dive into what’s happening with COINBASE:XRPUSD right now and why this could be an exciting moment! Here's what I’m seeing:
🔍 Key Levels on the Chart:
The price has recently consolidated within the Golden Zone (based on Fibonacci retracement) from $2.70 down to $1.95.
Before this, XRP consolidated in the previous Golden Zone created from the $1.30 to $2.90 move before taking off.
🔥 What This Means:
Golden Zones often act as strong support/resistance levels, and price action is currently respecting these areas! This consolidation in the current zone suggests that XRP is gearing up for its next potential move.
📊 Indicators to Watch:
RSI: Mid-range, giving plenty of room for an upward move.
MACD: Momentum is starting to shift upward, showing potential for a bullish breakout.
Stochastics: Hovering at mid-levels, hinting at a possible bounce.
🚦 Key Levels to Break:
To confirm another leg up, XRP needs to break above the $2.40–$2.45 area with strong volume. If it does, we could see the next big run!
⚠️ What to Watch Out For:
If the price fails to hold within this Golden Zone, it could test lower levels. Always manage your risk and use stop-losses!
💡 My Take:
The consolidation in the Golden Zone is a bullish sign, but confirmation is key. Let’s see if XRP has the momentum to break out and make another run.
What are your thoughts? Let’s discuss in the comments! 👇
XRP to $10 in 2025 ? Fib Speed Fan Analysis. #XRPARMYThe Fibonacci Speed Fan is a technical analysis tool that combines Fibonacci retracement levels with trend lines to identify potential support, resistance, and trend reversal points in an asset's price action. This tool has proven to be particularly useful in detecting trend reversals, especially in the case of the XRP token.
XRP has demonstrated a history of respecting significant Fibonacci extension levels since 2014, as evidenced by the 0.618 rejection in 2014, the large expansion to the upside with a mild correction at the 1.382, and the eventual blow off top at the 1.75 extension. The market then consolidated and appreciated until it encountered resistance at the 0.618 Fibonacci fan extension in April 2021, followed by further consolidation.
Analyzing historical price action can provide insights into potential future movements. By superimposing the 2014 fractal on the current price action and scaling it appropriately, we can identify a possible trajectory for XRP. This analysis suggests that XRP may experience a run-up to two intersecting 0.618 Fibonacci Speed Fan levels (from the previous peak and the most recent peak) around the $0.85 - $1.00 range. This could be followed by a rejection or consolidation period lasting several months before another potential explosive move to the upside in 2025.
The catalyst for this projected growth could be a favorable outcome in XRP's legal battle with the SEC, which would lend legitimacy and confidence to the asset. It is important to remember, however, that technical analysis, while valuable, is not foolproof and cannot predict future price movements with complete certainty. External factors, such as regulatory changes and market sentiment, can also have a significant impact on an asset's price trajectory.
In conclusion, the Fibonacci Speed Fan is a useful tool for detecting trend reversals due to its ability to combine Fibonacci retracement levels with trend lines, providing valuable insights into potential support and resistance areas. This has been particularly relevant for the XRP token, which has consistently respected significant Fibonacci extension levels since 2014. By analyzing historical price action and employing tools like the Fibonacci Speed Fan, traders and investors can make more informed decisions about potential entry and exit points in the market.
XRP - PUMP and DUMP SchemeThis is the moment that bag holders have been waiting for - XRP has crossed the $2 mark in an unexpected pump scheme.
Through the Fibonacci, we can establish likely short term targets , being the 1.618 Fib level.
XRP is notorious for hard dumps after the pump, so do be mindful of this possibility and remember that it is an extremely unpredictable, high risk altcoin.
Here's my take on Bitcoin, incase you are wondering what to watch for BTC:
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BINANCE:XRPUSDT
XRP: Accumulation Zone Hello Team,
Ripple XRP has now entered into the 5-year accumulation zone from 0.14-0.35 Cents.
- At this price point and as the price drops more will present long-term buying opportunities for the future in the form of "Dollar Cost Averaging".
XRP has a large potential for future upside movement if the SEC case is dropped and due to a large number of partnerships & use-cases acquired.
Don't expect a miracle overnight.
XRP | ALTCOINS | What Happens AFTER the PUMP?BINANCE:XRPUSDT
I'm a notorious hater of XRP; BUT I will admit to still trading it from time to time. I bought in at about 62c, and saw the price at $1,3 yesterday - pity I didn't sell. However, I definitely will now 😂
XRP has one, and only one trading pattern - pump and dump . The pump happens over 2-3 days, and ten the dump starts lasting 3-5 weeks. THE WORST THING you could do, is buy at the climax of the pump. This is because we KNOW how LONG it takes for Cripple to reclaim previous highs.
If you haven't already, I wouldn't look to buy here. There are other altcoins with much better upside potential and who move much better than XRP such as FET, RUNE, DOGE to name a few.
More on that here:
XRP AND WHERE WE STAND 🔥 Hope everyone's been well! I've mainly been busy with work so haven't had the chance to post till now but again hope everyone has been alright and well! I'll be sure to keep this quick and concise.
🔥 Following up from our last idea we can see the turnaround from our Death cross with us having regained that 200 EMA. Here's a chart picture for reference from a couple days ago I took:
🔥 I highlighted those peaks to watch out for a breakout and that brings us now to today's chart:
🔥 I've added this blue dotted line to signify our resistance, if we get any breakouts or bullish runs watch that blue line for what'll be resistance no doubt, that being said if we can break it again I can see us breaking out of the 0.60 cent range soon enough with how things have been.
🔥 With the Fed Rate's Cut of 0.5 percentage points that's no doubt raised sentiments as of lately and the market's seemed to love it, especially crypto with Bitcoin leading the pack from it's low of roughly $54,000 in September to $64,000 signifying this bullish sentiment.
🔥 That being said the 200 EMA's are playing a huge role in things for technical traders so I'd keep an eye on that but we've got something else to note:
🔥 When we look at the big picture for the last month or two we see that we're in this sort of middle point, we've seen 0.45 to 0.66 cents in a relatively short period and we already see how dramatic the market can be, so do keep that in mind, whether or not we lose or keep that 200 EMA can help determine whether or not we can get a possible breakout or if we'll fail to sustain that pressure and retrace, reverse course.
🔥 I've got to run but wanted to put something out while I had the chance, overall even if we fall and retrace, things look bullish especially with XRPL development the future looks bright for XRP regardless of what the charts do, that's the biggest picture note I've got.
🔥 Thanks for tune in as always and wishing well till next! Have a great day and keep up all that you do!
~ Rock '
$XRP Looking GreatCRYPTOCAP:XRP Looking 🔥🔥🔥🔥, previous 1D closed super bullish, currently on $0.5636-$0.5516 support area. Next key resistance at $0.6273. RSI on 4H and 1D looking good, good influence of #Bitcoin 's movement here, requires CRYPTOCAP:BTC to lead for uptrend. Struggling at $0.5843 as of now. Watch Given S/R
XRP DEATH CROSS AND WHAT TO WATCH FOR 🔥 Hey hey, sorry it's been a couple days since I've been able to post, been working everyday so I haven't had any time but I do have a bit of time before work today so figured I'd pump out an idea for you guys here, and as always, thanks for tuning in!
🔥 In my last idea I brought up that death cross, it was looking like we we're about to have a death cross form and well, that's exactly what happened. Here's a quick chart from the other day in which we saw our chart already fighting to regain that 200 EMA on the hourly but unfortunately bulls weren't able to get that done and bears took over.
🔥 Gonna keep this idea short and simple since we already know we're in a death cross. We already knew that was likely going to happen once we lost our 200 EMA so now what we'll be looking to and watching out for is price action above 0.514. These horizontal levels are pretty prevalent and no doubt traders are acting off what we do here and here's a 15 minute chart:
🔥 Off the 15 minute chart alone we can see how we're slowly making our way back up and looking to regain that 200 EMA soon enough, that being said we'll likely regain the 200 EMA soon on the 15 minute timeframe but we'll need to regain it on the 30 minute and hourly to get a solid bullish confirmation before traders will throw money at XRP again so till that happens expect waters to be choppy.
🔥 So watch those horizontal levels, when we're below a level it'll act as resistance and when above any level it'll act as a support so watch for that as well as this new annotated descending channel which is highlighted in the blue lines to show off this descending channel that's formed since we lost our 200 EMA. That's helped bears push price action down so another bullish confirmation will be when we break out of this channel so bear that in mind.
🔥 I have to go but I wanted to give you guys a few things to look at for reference while I'm out, anyway thanks for coming by as always and thanks for tuning in, wishing all the best till next!
~ Rock '