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Xrparmy

🔥 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
🔥 XRP BREAKS OUT! & WELLS FARGO! 🔥 🔥 Some crazy stuff today! And an even crazier prediction! Without further a due let's dive into things and thanks for tuning in ladies and gentlemen! Thanks for everyone that tuned in with yesterday's idea, got some great support and comments which we're all appreciated, I'll keep it up as always! 🔥 Catalyst for the rather crazy jump has been the news which has been Shannon Thorp's twitter thread on XRP in which she detailed the utility and the driving price giving her own forecast of $100-500 within the next 4-7 months before offering her reasoning. For anyone who doesn't know, Shannon is the Treasury Manager for the banking giant Wells Fargo. Below is a link to the post she made regarding XRP, lot of great stuff! twitter.com 🔥 Anyway that's a pretty wild development in itself, she even points out how she believes everything will happen with the flip of a switch even pointing out her belief that there's already been an evaluation for XRP, like gold with the governments controlling the next world of finance, in general some wild stuff but feel free to read for yourselves and comment below what you think, thoughts, I'd very much like to hear some comments, thank you. 🔥 I'll dive quick in on TA, TA wise we got a breakout from that consolidation channel so that's been nice to see, there's obviously gonna be some resistance at 0.72 being as that's where we originally fell from but the fact we we're able to get this push in itself is great to be honest, just another confirmation of some good support above 0.68. Here's a quick 1 minute chart below: 🔥 Chart does most of the speaking for itself, we broke above the 200 day moving average on the local most likely thanks to the twitter post gaining traction today with some articles coming out about it the past few hours so that's most likely been the good push that's helped us, we've needed. I'm not setting any targets or directions for today, biggest thing is we stay above 0.68 and 0.70 for the local. You already know I'm bullish on XRP overall in the long term. Don't like to focus on the local or stress about it so much, it's static compared to the real utility of XRP in itself. 🔥 Hopefully I've offered some helpful words and thoughts today, always like keeping you guys informed on new and interesting developments like this! After all, I like doing these ideas for you guys and will continue so on as long as I've got the support you guys stay pushing me up with, thank you in kind for it all. Feel free to leave any likes or follows, share, always helps out and comment below! ~ Rock '
BITSTAMP:XRPUSDLong
by Rocksorgate
5
🥊 XRP TAKES ON MAJOR MOVE, BIG NEWS 🥊🥊 Just spent an hour writing up an idea only for all the progress to get lost so I'm just gonna rewrite this real quick for you guys, thanks for joining in and feel free to leave a like or follow, would really be appreciated. 🥊 Below is a 3 minute chart so I'll refer to that quick. 🥊 Based on the chart we can identify everything that's happened and get some confirmations. The first one is that the 0.688 and 0.736 levels we added in a few days ago proved the test well and did their job for us confirming some stuff like that resistance at 0.736 as well as the support above 0.688 with us promptly getting pulled back up. 🥊 What I did want to point out was my quick theory on the quick jump up and down. When I looked at the bars I noticed that there was 1-200k in buying volume cumulatively. Almost immediately we saw a drop in the following bar which had a volume of 405k. My theory is that a whale or institutional buyer wanted to sell their original position and decided to do a semi rug pull. They basically could have used 50-100k or even more to get prices pumping and looking like XRP will rocket quick, thanks to that other traders and retail buyers will buy up XRP increasing the liquidity and demand. The whale then takes advantage of the heightened demand and liquidity/ sells their lot in one go at the best price possible since other people are buying the XRP they're selling and won't realize it's been sold until after the fact. If you don't believe me look at the chart yourself. The volume then dips to 35k being the highest for the next few minutes so the volume was almost certainly a big whale/institution. 🥊 That's a lot for a theory I understand but this stuff doesn't just happens randomly. Not to mention the trade occurred at 6 am which tells me they wanted most of the market to be asleep, so they took advantage of that and the low volume to execute their quick rug pull and exit their position. That's about it and that's what set us up for this fall that's happened. Why I would like to reinforce the fact that all that matters is that we avoided felling below 0.688. 🥊 If we look again at the 3 minute chart we can see how prices got rejected upon the rebound at 0.71 hitting our channel top which we've already identified as resistance. This is the same consolidation channel you guys should have already, I simply extended, pulled it to the right so feel free to do the same on your charts. 🥊 Target at this point is just to break back above 0.71 and out the channel, in the least avoid falling below 0.688 if we do end up retesting that level of support. 🥊 Ultimately though stuff isn't too bad, XRP's utility is ultimately the main driving factor and in the long run things continue to be positive. Not to mention yesterday Fubon Bank announced it's plan to use Ripple's Ledger platform to test Digital Hong Kong Dollars. The bank has announced plans to launch a pilot real estate tokenization program this year in Q3 of 2023 on Ripple's CBDC platform. 🥊 As the article explains, Fubon Bank will take advantage of Ripple's CBDC platform using it to tokenize real estate as well as issue loans in e-KHD 'Electric Hong Kong dollars'. The first part of the test is to convert the fiat version of Hong Kong Dollars into a 'test-only' digital Hong Kong dollar on a 1:1 exchange rate. All that in itself is a big development for XRP and another bit of proof that XRP's CBDC platform will no doubt likely become a big part of life for companies, industries. 🥊 I'm a bit tired right now and have to get ready for work so I'll leave you guys on that note, just wanted to get something out at least. Feel free to leave a like or follow as always and have a great day. Also attached below is a link to the article for the Fubon Bank Test. thecryptobasic.com ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
6
⚡ XRP QUICK TA ⚡⚡ Thanks for joining as usual ladies and gentlemen, today's Ta won't be long at all, I'm very tired and want to sleep but wanted to get this out first at least. ⚡ I've simply extended the original consolidation channel between 0.7077 and 0.688 so feel free to extend or add one in for yourselves to refer to. Basically we want to avoid falling in within the consolidated channel as it would reset our progress a bit. ⚡ We've already managed to keep above it this long but with us having failed to form any higher high's, volume's decreased signaling traders got a bit tired and exhausted. That's resulted in us loosing the 200 EMA and we'll simply have to gain it again whenever we do to continue upwards but should we avoid slipping into the channel below that would be positive. ⚡My head hurts and I have to get some much needed sleep, just going to leave stuff here for now since nothing too crazy has happened, just some sideways and relatively lax trading activity. If you'd like to leave a like or follow would be much appreciated as usual, thanks. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
2
💦 XRP 'JUST KEEP SWIMMING' 💦🌊 Hi! Thanks ladies and gentlemen for tuning in, been busy with some personal matters so haven't been able to post but without further a due let's take a quick swim. 🌊 🌊 In our last idea the target was to get a break above 0.71 and get some of that momentum again back up with volume having declined following the fall from 0.736. Pointed out that a break above 0.71 would help to be a positive signal for the market to get back some confidence in XRP which thankfully did manage to happen pushing prices to 0.73 on the local. 🌊 Below I will link a 15 minute visual chart for you guys to refer to as well as some new markings I've added which you can add to your own charts of course. 🌊 The chart basically speaks for itself pretty much but we've got this new consolidation channel that's formed and wouldn't be too bad to make note of. And yes I'm aware that most of the points intersect at 0.71 for the bottom channel mark but 0.70 is where your two deepest points/wicks have extended to so I've made the mark there. 🌊 XRP did manage to form a higher high on the local too so happy with that, and for the 200 EMA it's just what it is, even if we lose it we just have to keep avoiding falling below 0.70 and 0.68 if it comes down to that again. Below I added in a fibonacci that could help some of you guys I'm sure. 🌊 I marked the bottom of the Fib at the start of XRP's rally and the top at the peak so that's given this: 🌊 Can identify some pretty distinct things right off the bat such as at that 0.713 mark which shows a clear difference for us depending on whether or not we're below or above that Fib. Then above at 0.736 we see how price's immediately tumbled once we lost that level so indicates that these Fib lines can do us some good. I'll do my best to start incorporating this some more but feel free to add to your own charts or look yourself. 🌊 The Federal Reserve made the decision to approve rate hikes bringing levels to a 22 year high raising rates by a quarter percentage point which does bring the rate to it's target of 5.25%-5.5%. Market's basically been pricing now the factor that there likely won't be any more hikes in the coming meetings though policy makers said otherwise. Show's the market's belief that this is the end of rate hikes increasing and a possible soft landing for the US economy with hopes rising. I can't say anything to that but that's simply been one of the driving forces here and XRP's seemed to have taken advantage of that. 🌊 All this especially as the Pacific Island Group of Palau is preparing to start it's stablecoin trail of using a stablecoin which will be linked to the U.S dollar. The test will be running through August and run on the XRP ledger with Ripple already providing technical assistance and staff to assist. There's no absolute guarantee that the nation which consists of 20,000 people and 340 islands will continue after the test with the project but a report will be made on the progress and that in itself is a big step for crypto, not to mention XRP. 🌊 Below I will add a link to the site I referenced regarding the Palau Project if you guys would like, that's it for today's idea but thanks so much for tuning in, I really appreciate it and feel free to leave any likes, follows, always helps, thank you. Link to Palau Test: www.coindesk.com ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
4
🌊 XRP FACES THE WAVES 🌊🌊 Nothing crazy for you guys but we do have some interesting stuff so feel free to read and thanks for tuning in as usual ladies and gentlemen. 🌊 Before I get started on XRP just want to point out the fact that the general market is rallying overall with the bullish sentiment that the FED won't raise hikes coming the FED meeting which will is due to start tomorrow. Whether or not that sentiment sticks will have to be seen tomorrow but that's just something to point out with the general market direction today looking bullish with investors and the market bullish. 🌊 Fed rate hikes will influence the market in general even including crypto's of course so definitely would advise keeping an eye open for that news. No rate hikes will help boost sentiment and likely buying pressure and a rate hike would invoke some fear, choppy trading so just to keep aware of. 🌊 I won't make today's idea too long but I will give some good stuff so let's just start off with this 15 minute chart I've added. 🌊 I've added a new rectangle to highlight that channel of consolidation between 0.688 and 0.71 being our resistance that we'll need to break to get another leg back up and regain that 200 EMA most likely. The FED rate will likely be a catalyst for whether or not we regain the 200 EMA or continue trading sideways so keep that in mind. And remember, these consolidation rectangles are important, just look at the last time we fell below the last rectangle I made on the main chart above, we lost that and fell, but just as much as it can do that to us, it can the very opposite and send us up so I highly recommend adding this to your own charts. 🌊 I've also added a new horizontal level mark at 0.688 being that we tested that 3 times now and XRP has managed to keep above that relatively well so far indicating some support at least, I've encircled two of those points and the third is about the same so we fall below this again for the 3rd time and I would most likely expect a fall of some sort at least. 🌊 Target for today and the new few days is just to break 0.71 and get some momentum back into going up, since we initially fell from 0.736 volume has been relatively low indicating a lack of confidence and more hesitation from traders, a break above 0.71 would likely be the sign the market needs to get back that confidence in XRP climbing back else we risk falling if we keep consolidating and fail to break that. 🌊 Feel free to add these markings to your charts, I'm sure they would help. My interest right now is the 20/50 EMA's. Since they split on the hourly chart they have yet to reconvene and meet up so I'm personally expecting that to change soon, especially with them not having met on the 15 minute chart so to see that happen would be positive thus keep note of that please. 🌊 That's it for today, like I said no long idea today, don't wanna scramble anyone's brains so thanks for tuning in, and feel free to leave a like or follow, comment below, means a lot as always and thank you guys for the ongoing support! ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
3
📉 XRP FALLS AMIDST UNCERTAINTY 📉📉 Hope everyone's doing alright today, I won't keep you long so thanks for joining ladies and gentlemen. 📉 XRP slipped down below the new support that we added in yesterday losing that level at 0.736 before basically plunking to 0.683 and bouncing back up. Main reason is likely the fact that XRP has failed to regain the 200 EMA on the 15 minutes and lost the hourly 200 EMA as shown on the main chart above. 📉 I have encircled two opposite points of interest which both can offer us some important points to note. Both are roughly/extend to 0.68 thus I'm just going to say it's that for now. And both points have been annotated in white showing the 1st and second test as both are tests of the support at 0.68 which seems to be vital. 📉 Now that we've lost the 200 on the hourly the biggest thing traders will be looking for is a test of support above 0.68 as that was our last major test. If we lose that the most bearish outlook would have us looking at 0.58 followed 0.48. I don't say that to incite fear but simply to let you guys know the next major levels below. Here's the 15 minute chart below: 📉 It's mostly the same chart as yesterday but with the new annotation and volume bars. By looking at the volume we can identify the selloff as mostly whales closing out big positions alongside some retail traders. 📉 Current hourly bar has that wick extending both up and down indicating weak buy and sell pressure thus traders/the market is looking to identify the next trend and whether or not we'll recover prices or continue to slide. For that again refer to 0.68 as a final support if we get there which ofc we'll hope to avoid. 📉 Don't want to keep you guys to long but that's all for today's idea, wanted to at least get something out for you guys, gonna go rest now but feel free to leave a like or follow, never hurts, and all the best. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
9