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🔥 XRP RISES & IMPORTANT POINTS 🔥🔥 Won't take too long her, just gonna keep things short as simple, and thanks for joining as always. Appreciate it. 🔥 XRP's managed to do pretty well with this rise up and keeping above our ascending channel that we added in the previous idea, can see that in one instance we did enter the channel and nearly lost our 200 EMA but support kicked in pretty well with that rebound shooting us up in a pretty good manner. 🔥 On the local though I see this 0.49-0.50 point as a resistance that'll probably have us see more of a move down first than up more unless we can really get a push here. We already know how exhausted the market seems to get when at these points of sideways trading but we've also got the psychological aspect. 🔥 For traders the chances look more likely then not on the local that we'll retrace and possibly reenter the ascending channel as it has pulled up to us so that'll be another downward force on us if we enter. Personally hoping that doesn't happen but knowing how past price action has done us it's definitely not out of the picture by any means. That and we've yet to form a higher high since the 15th so that's something to note too. 🔥 So there's that as well as the psychological aspect of seeing XRP where it's at right now, 0.50 tends to be a pretty crazy point in the chart as far as the past has shown us. In some cases it has rejected us pretty bad igniting reversals but in some it's also kicked off rather big jumps when broken. There isn't much volume going on though however currently and seems like the market's much more hesitant to enter and like I mentioned previously things currently looks more like the first option right now. 🔥 If we retrace look to 0.49 and 0. 492 for that support but keep in mind the ascending channel to and the effect it'll have with 0.50 as the main resistance right now. I personally see the market as being exhausted for the day following the quite frankly really good and natural climb up we've had this week. It wasn't some quick or fast impulsive rise, it was slow and a very natural rise in terms of technicality of course so happy to see that. 🔥 I'm going to work early today so have to go now but I wish you all the best, and thanks for joining me for a few minutes of your day, really appreciate it and to anyone who'd like, feel free to leave a like or follow, really helps me out, thanks and keep well as always. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
4
🔥 XRP QUICK MORNING TA . FTX SALES 🔥🔥 I'm just gonna keep this idea quick, but thanks for joining me for a bit as always ladies and gentlemen. 🔥 Don't want to keep this long so we'll just look at the facts right now. TA wise we've got this ascending channel that I've marked out now pointing out the support and resistance though we've still got that consolidation channel between 0.479 and 0.486. 🔥 We did get a breakout above 0.486 with Bitcoin leading the way up, we've then got the confirmation from the judge for FTX to start selling it's assets with a limit of $50 million for crypto's and will be allowed to sell $100 million worth per week. Good to keep in mind since we may see some sudden drops or falls soon granted they have XRP on their balance sheets as well amounting to $199 million in XRP alone though that's not too bad, could be worse like the $1.16 billion in SOl or the $560 million in BTC they have so we've got the good end of the stick for the most part and they'll likely be selling in bits rather then all at once but good to keep in mind. 🔥 The judge authorizing the sales as well is good for XRP and SOL being that any sales must be legal as well as free from the registration requirements of the SEC. Such a decision by none other than a Federal Judge has to mean that the crypto's are non securities, doesn't 100% mean they are by the books yet but for the case at least it does yeah. 🔥 I'll be watching my top black diagonal line for resistance, we'll likely have some trouble breaking that but I don't mind too much, just happy to see us pull back up away from 0.46 after that overextension away from our 200 EMA with us regaining it and managing to keep it so far. 🔥 I did set an alert at 0.4857 for that horizontal level since that's been our main resistance on the local the past few days so I'll try to keep tuned on that best I can. I have to go but thanks to the few of you guys that actually tune in and especially for the likes and follows, really means a lot as always, thanks and keep well. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
2
⚡ XRP CONSOLIDATION ⚡⚡ Don't have long so I'm just keeping this short but as always thanks for tuning in. ⚡ I've added two small black arrows to highlight the up and down pressure for this current consolidation channel as we have XRP sticking above that 0.479-0.480 support though we can't seem to quite break that 0.486 resistance and 0.485 seems to be the local resistance. ⚡ Hoping we can keep that support above 0.479 in the least for now and potentially regain that 200 EMA by which we could look at some good waves back up granted we break the now resistance levels above us. ⚡ Market wise is a bit mixed as the August core inflation pointed to core inflation having risen by 0.3% being hotter than anticipated with that exluding food and energy so we're not quite in the clear yet with inflation but market hasn't taken the news too badly with heat map overall looking pretty neutral today with most of the top dogs ranging from MSFT to AMZN and TSLA posting some positive gains. ⚡ I have to run but wanted to get something out quick, again we already know we're in this grey month with the market overall for September, just part of things as they are right now. I have to go but have a good one as always, and thanks for tuning in with me for a bit. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
💥 Crypto's short squeeze 💥💥 This won't take long, thanks for joining ladies and gentlemen, I'll keep this one short. 💥 XRP's fallen alongside the general market as Bitcoin led the fall tumbling below $26,000 following a short squeeze after the news was revealed that FTX the bankrupt crypto exchange holds over $3.4 billion in crypto assets including $1.1 billion in Solana and $560 million in Bitcoin. This as FTX will be appearing in court in a few days on September 13th to seek approval to sell crypto assets in order to repay creditors. 💥 Understandable how that can make a big impact on things, especially considering the fact that any crypto FTX holds will have to be sold at one point or another to repay it's creditors. In turn that created a lot of fears and killed the market sentiment. The ETF possibility has been helping us keep stable but with no developments on that lately it's been easier for traders to focus on the negative points like the soon to be liquidations of FTX's crypto holdings. 💥 So don't think this is just consolidated to XRP, no, it's the general market as a whole that's been hit and we're just following the flow right now down as we will when things go back up, we already know September is a bad month so this shouldn't be too frightful. Yes it's never great to see a drop but we know what caused it and just like the news sent us down, the next positive news will send us up, just how the market's been rolling the past few months taking any news as huge news and flowing with it. 💥 I expect us to recover in prices next month with this month just being that gray and dim month for crypto and the general market as it is but that definitely hasn't stopped whales from taking some cheap buying opportunities as shown below: 💥 So while most the market lingers in fear, the smart money doesn't care, they just buy in and hold, someone saw a discount and took it, granted we've still got that important pivot point at $26,000 the buy in's we're strong enough to send us back up and to that $26,300 resistance which still continues to haunt us though again we're just at the mercy of the news right now without any positive developments lately for bitcoin. 💥 I have to go but again just keep in mind we're in a rough month but we're not alone, the whole market is feeling the impact ranging from crypto and alt-coins to the stock market itself. Just be patient and don't let news or emotions sway you. I'll link the two articles below for you guys to check out as well. I've got to go but have a good day and feel free to leave any likes or follows. Thanks ~ Rock ' cryptobriefing.com www.coindesk.com
BITSTAMP:XRPUSD
by Rocksorgate
⚡️ XRP ENDING THE WEDGE ⚡️⚡️ Not going to make this idea too long, just going to keep it short and simple. But thanks as always for joining ladies and gentlemen. ⚡️XRP's coming up on the end of this wedge which has basically kept on dragging/holding us down. Can see how even with the most recent drop we found support once again at 0.495 and we still find that diagonal resistance striking us down. ⚡️ This after having lost the 200 EMA once again though that's not too wild, we did fail to establish a higher high and with volume being low bears have it much easier selling on the market sending things down with Bitcoin having led the way back down below $25,800 as shown below. ⚡️ Market's still in this gray area with a lot of uncertainty still going around, not to mention we are in september. September for those that don't know is basically the worst month of the year historically, for whatever reason or another this 'September effect' hits the market every year and we see the broad market and crypto decline. It's just a part of the cycles and human psyche. After all if you know that every September the market tends to go down, what are the chances you'll enter or want to trade during that. Not very likely for most traders. ⚡️ It's usually after September though that the market likes to recover and it does rather quick in some instances but overall we're just in a bad month is about it in my opinion, again it's not just crypto but the market as a whole is down a lot this month dragging down most stocks. So please keep that in mind. ⚡️ I have to go but for the wedge that's coming to a close it can mean one or two things, we either breakout from the wedge and get a good push up by which we'll have to face that 0.50 resistance or we'll fall and break below the wedge and that 0.495 to retest 0.492 and possibly fall further if we fail to hold there. ⚡️ Regardless we know that the wedge has done a good job of keeping price down and contained so if we can get pass that, then it can hopefully do the opposite and help send us up. But we'll just have to see for that, feel free to add some markings and set some alerts at 0.495 or 0.492 and so on if you'd like. ⚡️ I have to go but thanks for tuning in as always, and if you'd like to leave a like or follow, it'd help me out, thanks. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
⭐️ SBI Financial Giant/ XRP NEWS! ⭐️ ⭐️ Today's idea we'll dive in quick on a new development in XRP's path to success and global utility as Japanese Giant SBI has announced a rather significant expansion on it's partnership with Ripple and SBI Ripple Asia. ⭐️ SBI is SBI Japan or otherwise referred to as SBI Holdings, Strategic Business Innovator Group. It's a financial services company group which is based in tokyo, Japan and serves as a primary holding company for various businesses and subsidiaries with current assets under management at about $165.5 Billion. It's kind alike a conglomerate being that it's a multi-industry company though the various companies operate under one corporate group umbrella at the end of the day. ⭐️ Anyway SBI which is already a major player in the international money transfer service sector announced an 'expansion' of it's partnership alongside Ripple and SBI Ripple Asia which will see the introduction of international remittance services for the Philippines, Vietnam, and Indonesia which will be able to utilize the crypto XRP as a bridge currency to bank accounts in those countries. ⭐️ Here's a quote below from SBI: “SBI Remit has been using Ripple Payments provided by Ripple for its international remittance services since 2017,” the official press release stated. “By introducing a solution using crypto assets in Ripple Payments, we became the first in Japan to provide an international remittance service that utilizes the crypto asset XRP as a bridge currency between two legal currencies.” ⭐️ I mean wow even in 2017 Ripple was making waves and has been in use for real payments and transactions. Just goes to show how low key but effectively ripple has continued to grow and expand their footprint in the global system slow incorporating themselves more and more with every new development and partnership. ⭐️ And as the article reveals in one explanation, here's the scheme; "The newly unveiled scheme is designed to streamline the international remittance process. “In the scheme constructed this time, SBI Remit sends a customer’s remittance request, and SBI VC Trade sends XRP in real time in response to the request,” the official press release detailed. This dynamic approach is made possible through a strategic alliance with Tranglo Pte. Ltd., a long-term RIpple partner, ensuring that customers receive remittances in their local legal currency." ⭐️ “By using XRP as a bridge currency, you can send money quickly and at low cost,” SBI emphasized in their statement. “Furthermore, it has excellent scalability, allowing users to easily send money to Ripple’s partners around the world, and we believe this will lead to stronger competitiveness in the international remittance business.” ⭐️ It's then explanted that the main reason for targeting these countries was thanks to their significant role and share of remittances directed to bank accounts which made the countries prime choices for XRP adoption which would help make remittances quicker as well as help introduce crypto and accelerate it's adoption in these nations and countries which is great. ⭐️ I'm leaving the idea here and I'll link the link to the article below as well as a link to the announcement from the official SBI page though it is in Japanese so the article may be better to refer to but nonetheless this is great news. Just goes to show that XRP continues to make waves even if we may not notice it. Bit by bit they are working on something big and one day it's all going to come to light, but till then, they continue building. ⭐️I have to go but technical wise we've still managed to hold above 0.50 even after falling back down once again following yesterday's rise so I'm happy with that but definitely looks like we're having quite a battle here on whether or not we will regain that 200 EMA. I'm still keeping my alert for 0.50 and 0.496 but one way or another, price action means nothing to Ripple as they continue expanding. We're over here stressing and going all technical on a couple cents but ultimately, what matters is the utility, not the chart. ⭐️Sure the chart does help and do a lot but ultimately when the time happens and it will, then people will start looking at crypto with real use cases and utility and I have yet to see another crypto forming as many developments and partnerships as Ripple has. They've been in this game since 2012 and alone have over 1,032 employees. That's nothing to scoff at and I can't even imagine the things that are happening behind the scenes. I haven't done this in a while but I'm giving this idea a bullish. I don't like to set bearish or bullish strategies but at the end of the day, XRP's got a bright future. And nobody can deny that. ⭐️ May go do some overtime today and work on other things so I'll have to go now, but I appreciate you guys joining me as always, I enjoy writing up these ideas for you guys and I hope you enjoy reading them too, if you'd like to leave a like or follow it'd really help me out, I simply do my best, and I hope you will too for yourselves as always. Take care. ~ Rock ' links: www.sbigroup.co.jp bitcoinist.com
BITSTAMP:XRPUSDLong
by Rocksorgate
2
🏊 XRP STILL SWIMMING 🏊🏊 XRP is still swimming, what more can I say. Thanks for joining ladies and gentlemen, appreciate it. This won't be long. 🏊 Pretty good stuff going on today as XRP's getting what looks like some big buy ins, that with Bitcoin leading the way being at $26,346 now up $600 the past 24 hours alone signaling another buy in from whales, entry. 🏊 There's no news specifically that would point to why Bitcoin or XRP are doing what they are but it's possibly with the anticipation of a Bitcoin ETF coming out soon within the next few months if not sooner. 🏊 Crypto and the general market continue to face macro headwinds keeping prices down but that isn't stopping the crypto's from being used and actively traded. For example, XRP alone last month in August made significant headwinds with regards to daily volume with XRP as a report by Kaiko revealed that even with the pullback XRP's received since it's quick jump to $1. 🏊 XRP's trade volume was $462 million last month which alone was higher by 4x then the next largest altcoins by trade volume with solana following behind at $128 million respectively, this was validated/calculated by the on-chain market data tracker Kaiko. It may just be volume but it's great to see considering it proves that XRP is still holding that Alt-coin lead, especially thanks to it's utility of being able to send and receive xrp virtually anywhere in the world for payments and remittance's, etc. Attached below is the link to the source: u.today 🏊 Even with the apparent buy in and support, we still have this diagonal resistance to face, I've added the marking today point out the support below and the diagonal line above which has proven to be nothing but resistance keeping us down. That's what we want to break past for a break out and in order to regain the 200 EMA which would help us recover price's though Bitcoin would also have to do the same first for the market and whales to get the confirmations most are likely waiting on. 🏊 In the last we're still above 0.50. We did have two apparent drop downs below but even with that 0.495 holding out and keeping support we managed to pull up above 0.50 and get the move's we're seeing today. Looks mostly like whales or someone big is trying to get us to regain that 200 EMA which is totally reasonable, it's a bullish attempt and hopefully it works out, if not we'll have that 0.50 battle again and we may not get as lucky if we have to meet that 0.495 level again. Hopefully that's not the case but would add the markings to your own charts anyway. 🏊 Leaving the chart there for now, I've set my alerts for 0.50 and 0.495-6. Said this wouldn't be too long and it won't so that's it for today, but thanks for joining me as always even if it's only a few of you guys, I always appreciate it. And feel free to leave any likes or follows. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
🔥 XRP STILL CONSOLIDATING 🔥🔥 Hope everybody enjoyed labor day, you already know though, we're back at it again. Thanks for joining in with me today ladies and gentlemen. 🔥 Don't have too much time today, busy as usual so today's write up is gonna be pretty simple. 🔥 As TA stands right now we're doing alright, we have lost that 200 EMA no doubt but what matters is that we've managed to keep above that 0.50 blue dotted line, proves to show that we do have good support above 0.50 but once you fall below 0.50 it gets a bit tricky no doubt. 🔥 Below 0.50 and we risk falling much like we did on the 1st day of september in the chart but a couple big sell orders did also contribute to that so that is important to note, if we we're to fall again I would be looking to that 0.492 level and 0.486 below for support, below that it'll likely start a sell-off. 🔥 Did get close to 0.515 though after we've failed to establish any higher high's simply forming what slightly resembles a head and shoulders on the chart though that doesn't take into account the 0.50 support bounces we've been getting so we're still in that gray area I've been mentioning. Chances are again we'll just keep trending till some news makes or breaks us. 🔥 If we can manage to regain the 200 and pull up past 0.51 for a third time I will be looking to 0.5145 as well as the bottom of our consolidation channel above to identify whether or not we break that resistance there or get pushed back down. 🔥 Everything considered TA and news wise what matters is that XRP's keeping above 0.49 and 0.50 which has been the main goal. The longer we stay here and avoid falling further the better our chances of pulling up soon get but regardless like I've been saying it'll likely take a news catalyst for things to get triggered like that. We saw how Grayscale impacted the market before a lot of people took profits or sold out their positions pulling us back down to where we're at. So it'll likely take more news and better news to get us moving again but what matters for now is that we're keeping that support. 🔥 I've got to go but wanted to get something out real quick for today in the least, hope you guys are all doing well, and you already know you can leave a like or follow if you'd like, and if not, then just keep well and have a good one. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
💥 XRP CRITICAL POINT FOLLOW UP💥💥 Quick and short idea for you guys today, so thanks for joining me real quick ladies and gentlemen. 💥 Just a quick follow up from yesterday's idea in which we honed in on the fact that XRP was indeed at a critical point on the 2 hour timeframe being that we we're at a rather important juncture/point of support which did and has ended up proving true as we look at our current chart. Below is the 15 minute chart: 💥 Based off the chart above we can note how we did indeed regain that 200 EMA on the 15 minute shortly after making waves above our dotted blue horizontal level of 0.50. We did lose it ounce but after bouncing from that 0.50 again we regained the 200 and got a nice boost up to 0.51 before retracing a bit to where we're at right now. 💥0.506 is going to prove to be another resistance for us, especially being the last time we we're down here it took a break above 0.506 before we got that big move up and it'll likely take the same this time around is past price action proves right. 💥 In the least I'm looking for us to hold above 0.50 but if we fall we'll be in another tumultuous battle and risk falling further if we lose that 200 EMA so definitely hoping we don't, at least on the 15 minute chart. And if we get the chance to climb further look to the bottom of the consolidation channel to act as resistance and support if we enter it. 💥 That's it for today's idea, I did say it was going to be short and I keep my word. So thanks for tuning in as usual, feel free to add any annotations or markings to your own charts, thanks and always be sure to do your own due diligence! Thanks and feel free to leave any likes or follows, simply helps me keep pushing. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
💥 XRP CRITICAL POINT 💥💥 Thanks for tuning in today ladies and gentlemen, today's idea won't take too long! It's gonna be a quick one, thanks. 💥Here we're looking at XRP on the 2 hour timeframe for a bigger picture point of view and from what we can infer here XRP is at another juncture/ critical point being a point that'll help determine whether or not we move back up or down, either of which may be pretty dramatic. 💥 We're right back at that same support we'd found just a week or two ago being just above that 0.485 mark on the 18th of August, that's where we last found that major support before kicking back up and it's looking about the same right now with the wicks extending towards the bottom signaling more buy pressure there than sell but that doesn't mean we're out of trouble yet as always. 💥 The last time we we're down here we had that fight with 0.50 and it took a solid and clean break above to get that breakout and it'll likely take the same thing right now with us being stuck between 0.492 and 0.50 as traders try to make or break above. 💥 Seems like the market's also just been a lot more wary lately as we see how volume wise we've had a lot more selling recently than buying with buying looking pretty week compared to the last week or two of last month. Traders are definitely waiting for more signals or confirmations before making any trades which is understandable, the market is still in that gray area unsure but in the least it's found support above 0.50 again which can act as another test of support which would be great if we could get that confirmation. 💥 I've got to go but wanted to leave the idea there at that at least with some quick notes for today before I get going, but there's no goal for today, just to stay above 0.47-8 and hopefully break that 0.50 and our next horizontal levels above as always. Again things are being a bit grey right now and it'll likely take some news for things to fire up again as usual but till then, we'll keep doing our best. 💥 Thanks for tuning in as always, you already know, if you'd like to leave a like or follow, share it'd really help me out, but if not that works too, just keep well and do your best! ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
🔥 XRP QUICK TUNE IN! 🔥🔥 As the title infers, this is simply a quick tune in, but thanks nonetheless for joining in real quick ladies and gentlemen, this won't take long. 🔥 Following up from yesterday's idea we can see the retracement that has followed that big rise up we had after the Grayscale lawsuit win against the SEC allowing for grayscale to file and apply for a Bitcoin ETF once again following the SEC's original rejection without much clarification or reason for the denial in the first place giving a much needed boost in sentiment. 🔥 I've highlighted our descending channel on the 15 minute local using those two black diagonal lines and thankfully we did exit from that and regain the 200 EMA but now it's up to buyers to keep the pressure strong so that we can continue to hold onto the 200 EMA and hopefully form higher ground but regardless it's good to see us again get away from that 0.50 and 0.51 mark after much sideways trading providing some good sentiment in a market that seemed to be losing it quick. 🔥 0.52345 or 0.524 for short is our support point, fall below that and look to my next levels at 0.52 and 0.515 for support if it comes down to that. Resistance wise 0.53is our main battle right now being that was our last point of support before falling below as signified at the 06:00 mark so keep note of that and I'll be curious to see if we start trending and form another consolidation channel or get some more volatility. 🔥 Definitely curious to see how things play out but regardless it's been nice to see the market keeping to the horizontal levels and keeping true, again none of the horizontal levels aside from the short annotation at 0.524 are new, they are old and continue to prove well and do the job of forming support and resistance points to feel free to add if you haven't already. 🔥 Said the idea would be short so that's it for today, wanted to get something quick out while I had a few minutes to stop by but hope you guys are doing well as always and appreciate you all tuning in, you already know, feel free to leave any likes or follows as they would help me a lot and if not that's fine too, just have a good day and take care, thank you. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
☄️ XRP INSANE MOVE! ☄️ ☄️ This is an absolutely insane move! Welcome ladies and gentlemen, thanks for tuning in, we'll be quick. ☄️ Can't believe I was just writing up my TA for you guys when this happened, absolutely insane! It's like someone huge just bought into the market or something, even Bitcoin is up in the same fashion! ☄️ There's no news either that would make sense for the insane move but no doubt this should jolt things a bit. Someone/some institution of force jumped in big or something big is going on behind the scenes. Regardless I'm speechless and just like we'll have bad weeks we'll have good ones too, maybe just on a quicker scale. I mean wow. The big money is entering, and with a move like this they want it to be seen and known too. ☄️ We know institutions like to accumulate holdings in private and slowly generally but this is anything but, this is insane! Definitely do not recommend buying right now, whatever is going on will be revealed later no doubt and sleuths dig but right now this has put is in an absolute volatile position for trading wise, if you've already bought then it up to you what you'd like to do. ☄️ TA wise we've broken every barrier basically and crossed all our lines. we're at our 0.54777 resistance even extending that wick to 0.555 though we didn't break it thus signaling a good amount of sell orders there/weak pressure and buy support which is completely understandable being that we've risen up so crazy. Least we know regaining that 200 EMA isn't an issue now, one side got tired and one took over, or at least someone did. ☄️ Huge move like this expect some selling most definitely and retracement which is well within bounds after a rocket like this. We break 0.55 and its anyone's game at that point. I expect a lot of people to sell or some day traders to take profit but regardless of all that whatever's going on has to be big. It's behind the scenes and without news so very interested to learn the cause of this. ☄️ All that being said, I'm leaving things here, stuff is just crazy but crazy good in this instance, this is definitely one thing I like about crypto. It can hit hard sometimes, but when it does hit, it hits crazy sometimes. Gonna leave it there but have a great day and thanks for tuning in as always, and keep tuned for more! Feel free to leave any likes or follows, never hurts! ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
15
📉 XRP AFTERNOON TA 📉 ⚡ Hi, hope you guys are doing alright today, and thanks for joining as always ladies and gentlemen. This won't take too long, mainly just a follow up from yesterday's idea. ⚡ Honestly not too much here to see, it's good to see that XRP's pulling back up as I type this but we'll keep things simple as possible. XRP continued it's descent after failing to regain the 200 EMA yesterday sending us down. HOWEVER we avoided falling below the local line of resistance which became support once above it. ⚡ I've simply extended that line today and if you check out yesterday's idea you'll find what we originally marked and can add that to your own charts as you please. Anyway it's good that we've managed to avoid falling below the line else we'd likely fall even further than what we currently have today. So look at that line as a support for now and a resistance should we fall below it. ⚡ Next resistance now is gonna be that consolidated channel being that we fell out of it and will have to face the sell pressure whilst trying to break back in and above into the channel before we can look for our next avenue. ⚡ If we can regain that consolidated channel we'll likely get a good chance to regain that 200 EMA and if we're lucky enough we can use that as a catalyst to potentially break out past a couple levels we've got above which you guys are already aware of. ⚡ If we do fall further look to my 0.50 level of support. There's a reason that line is blue unlike the others after all, it's the make it or break it point. Fall below and we get a likely sell-off. Keep above and we should just alright. ⚡ I have to attend to some things but hope that was alright, just wanted to get a quick idea out for you guys real quick. Thanks for tuning in and feel free to leave a like or follow, even a share. And if you don't feel like doing any of those things, that's alright too, just have a great day and keep well. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
2
XRP Finally Reaching Historic Bottoms | Breakout SoonThe Resistance Level : After being broken through, it doesn't hold much merit anymore. However, it should still be used as a sign of possible support in the future, but as of now it still shows signs of resistance, so it's safe to say that this is still an important level and we should be keeping our eyes on this one. 50 Day MA: The 50 Day MA has shows good support and resistance on this time frame, which is why I will be using it. The 20th of March (2023) Is where we started seeing levels of support and movement to the upside. A pattern can be seen of higher highs, and higher lows. If you look back at the 20th of August (2020), we see the same pattern emerge where we break through the 50 Day and proceed to reach higher highs and higher lows. It can also be seen in December (2020) where broke through the 50 Day. Will we see the same pattern in the next weeks, where we fall through the 50 Day, or will it show support? Allow me to give you more information. FIB: The Break Through at the 0.236 Level was important, it shows signs that the market is ready to start seeing bullish pressure, but as we can see there was a reversal, and there is still sometime left before we truly reach higher levels on the FIB. So the 0.236 is still playing as resistance, but good signs of of a breakout soon. RSI: The 3 overbought tops back in 2020 aren't the only tops we've seen on XRP, we've even seen them back in 2017, and now we are seeing the same patterns today. This is the pattern: Breaking through 40.00 to show bullish pressure, 50.00 playing as support, the 3 overbought tops, then begging of bear market. As we can see we are starting to reach those tops, which means this is the LAST FALL, OR have AT LEAST one more to go. Historic XRP Candle Pattern: This is the Pattern: Rally, then a fall, Then Retrace to the Hight of previous rally, consolidation, then the final rally. That's what we saw in 2017, 2020, and now we are seeing the first steps of it right now. Summary: We are waiting for prices to reach 50 Day MA, where we can retrace back to the SEC Rally and consolidate, but there may be a final fall as history is showing us.
BINANCE:XRPUSDLong
by DenzelitoTrades
🔥 XRP DAILY TA 8.21.23🔥🔥 Hi! Thanks for joining ladies and gentlemen, I've gotta rush to work so this idea's gonna be quick yet efficient. So thanks for joining me as always. 🔥 XRP has reversed since hitting that peak at 0.55 yesterday which is understandable after such a big move. We held a bit at 0.53 as we'd hoped but couldn't really find any support there and continued down further. I've added this diagonal black like on the 15 minute chart which is basically the same as our MAIN resistance lines. Only this one is for the local chart/ timeframe. 🔥 Feel free to add that to your charts. The goal is to break above the diagonal resistance. We do that and we can possibly get another breakout and regain that 200 EMA. Until we break the line it'll keep acting as a downward force pushing us down much like our MAIN resistance has continued to do. 🔥 Can see how we did manage to avoid falling further below 0.51 before pulling up to that 0.514 horizontal level and pulling up and out of the local horizontal consolidation channel. With us being at this point between the consolidation channel and the diagonal resistance on the local for both that could help act as a sort of push for us to break out from the descent. But if we can't break past that diagonal then we'll likely get pulled back into the consolidation and another battle starts there. 🔥 Really have to go now but I at least wanted to get something out there quick for you guys today. Hope that helps a bit and have a great day as always, feel free to leave any likes or follows, thank you. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
3
📈 Hi! Quick and Important XRP Analysis 📈📈 Thanks for joining ladies and gentlemen! Gonna keep this idea simple but important! So tune in, and thank you for joining me for a few minutes of your day. 📈 It's good to see that XRP has managed to pull up regaining that 200 EMA after what was some sideways trading with XRP managing to regain the 200 EMA for the 3rd time and get the confirmation traders needed once a higher high formed on the local. 📈 Yesterday's idea was on the fact that we'd exited that consolidation channel and wanted to keep out and above it which traders managed to execute. We did nearly fall back in once but no doubt some whale or big buyer bought in at that 0.514 mark to help us avoid falling back in. 📈 I've added a second consolidation channel on the 15 minute since we can identify as well how once that was broken we got the catalyst we needed breaking above 0.52 which ultimately helped with the pretty big rocket up. Like I said yesterday we'll have some bad weeks but just as we'll have some we'll also have good ones. Keep steadfast. 📈 Below is then a very important chart I'd like you guys to check out real quick, speaks for itself. 📈 I made things simple as possible adding the white text bubbles to annotate the support points and as my main bubble already explains, none of these lines I have are new. I haven't added a new horizontal level in what's probably been over a week or two and that was at the higher levels prior to our drop. And yet the chart is following so close to those horizontal lines still. 📈 Signifies that traders still have those lines marked and are watching them just as we are. For example right now the goal is to keep above 0.54192, if we fell below that the next support would be at 0.535 and so on. What matters is that XRP is still keeping a very close correlation to it's historical support and resistance levels. And just as that's possible for the ones down here, it'll be possible for the ones above and the ones on our longer timeframe's/ the big picture. It's basically positive news. 📈 With that being said I told you guys I would keep the idea short and important and so we'll leave it at that, with a big impulse wave wave up and a lower high on the local we'll likely bounce back down to that 0.53 point and search for support or find a new consolidation channel around here to test the waters again. I mean we can't deny that we had a pretty big move up quick and with that traders will be hesitant to buy and a lot more trigger happy with that sell but also not too sure of which way things could go being that bitcoin is leading the way. 📈 Basically it's anyone's game right now after a big move up like this, we want to avoid losing that 200 EMA of course but if we do lose it refer to the 15 minute, seems to be the biggest catalyst/confirmation for the market right now. 📈 That's it for today's idea, I've rambled enough but hope that helps out a bit, just wanted to give some quick thoughts and all. And as always any likes or follows are always appreciated, simply trying to do my best for you guys as always and fighting on. Thanks and have a great day. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
5
💥 The Craziest Week | XRP Important 💥💥 Well. It's been one of those weeks. I haven't gotten the chance to post yet with a lot going on personally but I'll keep this quick and summed up best as possible. 💥 Seems we got a perfect storm scenario and well, that storm struck pretty hard as I'm sure most of you are aware of/possibly reeling from. We had the S&P 500 fall for another consecutive week with the market full of red heat maps all around. 💥 For XRP the main news catalyst was the SEC announcing that it had asked a federal judge for permission to appeal the original Ripple ruling in which XRP was declared as a non-security. Such news originally had helped send XRP as well as the Crypto market sentiment up overall and with the judge having granted the SEC's motional to file an Interlocutory appeal against Ripple Labs now things have turned sour sentiment wise. 💥 It's important to note though that Ripple does have the option as well to file an opposition to the SEC's motion and regardless an appeal is usually a lengthy process that takes months sometimes even and till any new decision is made, XRP still stands as a security and there's no doubt they will continue to make way taking advantage of that right now as they continue forming partnerships and work behind the scenes. 💥 Ripple aside we had China's Evergrande Group file for Chapter 15 bankruptcy (foreign bankruptcy) which has helped send a lot of stocks/markets tumbling globally. This isn't too unexpected but still with most of the market, we know that the market like's to take news and simply go flying with it whichever way. That on top of the Fed Reserve noting they may raise hikes again and the 30 year mortgage rate being at it's highest since 2001 just hasn't made helped show anything positive. 💥 That aside we know now that basically what's going on is the fact that the news combined with market sentiment has just all formed one perfect storm to send everything tumbling down, XRP got hit hard with that 15% drop to 0.50 but so did the rest of the market too with Bitcoin leading the fall. Crypto we already know how swayed it can be, a couple of market whales sold in a more than likely planned sell-off and sold off their stakes in crypto/market. 💥 Even stocks we're logging double digit losses this week, it's been a crazy market sell-off week with crypto alone shaving nearly $1 trillion over the course of a few days kicking us into a 34 (Fear) on the Fear and Greed Index via CoinMarketCap. Something else to note for the drop has been liquidations. Liquidations made up the bulk of the fall of most cryptos. In just 24 hours alone on the 17th nearly $1 billion worth of liquidations with BTC leading at $472 million and ETH alone at $302 million. If you don't understand liquidations dm me or ask below and I'll post on it. But basically they help contribute to sell-offs very much with stop losses and margin calls all playing a part that usually leads to liquidations and these wild drops. www.coindesk.com 💥 We've seen this happen time and time again where whales will trigger these liquidations/bad sentiment and a ton of bad news seems to come out of seemingly nowhere. I mean less than 2 weeks ago the market was having a blast. And now it's like the place is on fire. But what matters is that we've seen this time and time again, just like things move down quick, they can move up just as quick. The money's simply flowing in and out like the tides but even so it's all crazy. Doesn't deter my faith in crypto at all but definitely can see how it's knocked out a lot of sentiment. 💥 One thing I like to say though. Like a smart man once said, "But it ain't about how hard you hit, it's about how hard you can get hit and keep moving forward. How much you can take and keep moving forward." ~ Rocky 💥 Don't let the news and sentiment kill your faith and spirit. As I continue to say, things will work out accordingly. And these falls have been thanks to the market itself sinking, so imagine what the heights will look like when the market rises itself and the money flows back in/we get back into the Bull market. Again I'm not a financial advisor but I just want to emphasize not giving up. The market's tough but I know that if your reading this, your way tougher. 💥 Ta wise below is our consolidation channel and the support at 0.50 which is understandable being it's a point of accumulation. We already touched that 0.45 with the wick extension and found immediate support there thus we're marking 0.45 as that last line of defense though the real defense so far has been at 0.50 with that seeming to be the entry point for many traders right now. Below is the 15 minute chart. 💥 I've added the consolidation channel in the yellow and should point out that as we come to fight with the 200 EMA, the main goal will be to regain that, BTC and XRP have failed time and time again since the peaks for both, failing to regain the 200 ultimately allowing us to fall like this with the market news as well contributing. If we can regain the 200 EMA it would be a nice boost and offer some more sentiment traders. Without any confirmations on regaining that 200 EMA for either the market traders seem real hesitant to enter which is reasonable. 💥Below is a quick 45 minute chart that doesn't have anything new aside from the annotation of the fall. As depicted, our chart and 200 EMA managed to exit from the MAIN diagonal resistance line though that was short lived as we ended up losing the 200 EMA again and fell back below the main resistance also triggering the sell-off. 💥 With that last bit done, I think I've made this idea a bit too long to call it a summary now, but it's been a wild week. Still though like I said my faith and belief is unwavering. We're gonna have days and weeks like this, but just like we'll have bad weeks, we'll have good weeks. Sorry for the length and all, just a lot I wanted to go over and with not having been able to post I just had to spill that out. Make sure you guys follow and leave a like or share, always helps me out even if it's just a simple click to me it's a simple gift. Thank you and all the best. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
7
XRP a bear flipping.If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! I have been posting more on my other accounts, tbh fyi. XRP update. Could not break .6732 and respecting PF so looking lower for now. .6732, bulls have to flip back. .5507, is a must hold for me, yuge level, MO. Waiting for an impulsive reaction at these level, not an all in limit buy for me.
Short
by CryptoKnee
⚡ XRP'S DESCENDING CHANNEL ⚡ ⚡ XRP has basically fallen into this descending channel and is now looking like it's finally exiting that downtrend thus we'll likely see some better movement as the market pushes back up following the rather tough week we've had here. ⚡ Here's the chart for that descending channel below with some annotations to keep simple. ⚡ Chat speaks for itself thoguh I've added something quick to help show the descending channel a bit better, this may interest some of you guys. ⚡ Show's the descending channel as well as some vital stuff. It's pretty simple, we wanna keep in the blue section and whenever we get into that red section we fall, you've got to admit it's pretty spot on but what I'm looking for now is an exit out from the blue channel. Great as it may be to be in the upper part of the channel we want to exit out and away. So keep watch for that as well as a possible reclaim of the 200 day moving average if we're lucky enough to get one soon. ⚡ Also showing some rather strong buying support down above 0.65 so buyers are still with us and all, not too bad overall and for target it's just to stay above 0.65 and break 0.66 to regain the 200. I have to go but wish everybody well as always, can feel free to leave a like or follow if you'd like, thank you regardless. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
2
💥 XRP SLIPS BELOW TEST 💥💥 Thanks for joining in ladies and gentlemen, this will be quick. 💥 With XRP having slipped below our horizontal test level at 0.688 we'll have to watch for support or at least some form of a push back up above that in hopes to regain that 200 EMA. Since we've lost it on the 1 hour timeframe we've failed to regain it forming lower high's on the local and ultimately sending us to where we are now. 💥 This is a pretty critical point of course being that we haven't been at this point since july 23rd though if past price action is anything to show more than likely we'll get a support and some sort of bounce back up like we did previously but if we can't sustain that then chances are we'll fall further though the hope is we avoid that of course. 💥 Just wanted to get that out quick for you guys, below is the 1 minute chart if that may help some more. 💥 Since this is only our second time down here basically since the run up expect stuff to be volatile and whales to possibly start making some trades with some exiting or some possibly entering buy positions if we get lucky enough for that support of course. 💥 I've got to go but wanted to get something out real quick, tomorrow's idea should be better and will allow me to dive in more on some stuff I've been meaning to so feel free to keep tuned and leave a like or follow for now, really helps and all the best till then! ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
⚡ XRP QUICK AFTERNOON TA ⚡⚡ Alright just a lightning quick TA here for you guys, been a bit under the weather today and just woke up so wanted to get something out quick in the least, thanks for joining. Seems we had some quick impulse movements thanks to some big sell's as well as buy in's. ⚡ Honestly it feels like a bit of what happened earlier in the week which we theorized that it could have been caused by a whale or institutional trader buying and selling/exiting their position. That basically just sent us into a spiral down which extended below 0.688 but price managed to promptly pull us back up and away from our 0.688 level signaling another sign of support there. ⚡ My main focus has been on that 200 day moving average, thanks to the bullish run we've managed to regain that 200 which is a positive sign though the target now will be to stick above 0.699 or 0.70 basically and form another level of support again. ⚡ I've added two dotted black horizontal lines to help visualize things like those resistance points on the local such as the first which ultimately lead up to our reversal once we failed to break 0.72 and the second now possibly being at 0.704 though we'll likely manage to break above that but will want to see more support form and so on. ⚡ That's it for today's idea, again not feeling to great but I couldn't let you guys down! Had to get something out so hope that helps at least a bit, feel free to leave any likes or follows as always and thanks for the ongoing support everyone, really helps. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
6