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🔥 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
🥳 IT'S MY BIRTHDAY! 🥳🥳 Hope everyone's doing great today, this won't be a long idea but wanted to at least get something quick out so here that is for you ladies and gentlemen, thanks. Below is a quick TA chart to visualize stuff: 🥳 We fell below my 0.77 level which I indicated was a strong support and once that happened we slipped down to 0.72-0.71 roughly, finding support at 0.73 where I've added a new level as annotated. Watch that for support. Below 0.73 it'll be anyone's guess what happens, some wild moves going on but that's why we've got levels and TA anyway. 🥳 Will be watching for that 200 EMA reentry or fail if it fails to catch it again but chances are we will forming a higher high on the local but we'll just have to see if that comes true or not. That's all for today's idea, I've gotta go enjoy my Birthday after all but I appreciate you all! Thanks for tuning in and all the best! Feel free to leave a like and follow, comment, really means a lot to me, thanks! ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
13
💥 XRP SHOULD I BUY OR SELL? IMPORTANT PSYCHOLOGICAL TRADING 💥 💥 Very important idea and question of the week here with our XRP should I buy or sell? Good question and let's see what we can figure, thanks for joining ladies and gentlemen. 💥 XRP's been trending between 0.77 and 0.80 roughly displaying this horizontal channel which has basically displayed this sideways trend with us getting one breakout above for a relatively short period before reversing with the market now testing the waters and looking for a pivot in either way. 💥 Amongst this period of waves and sideways trading I've been getting asked by a few people whether or not they should or should not sell XRP. To start off on that, the question is what is your objective. Before you open a trade you should tell yourself at what price you are going to sell at. In this case the majority of that has been $1. 💥 We nearly hit $1 with XRP's first run up before failing because the traders that had already bought at $1 before decided to sell at $1 as they'd seen the price get lost before and wanted to sell at that price which is psychological for the most part. 💥 If we factor that in then we know now that should we approach that $1 mark again, we'll likely see more sales as the individuals that didn't sell at $1 will see the previous bounce up, reversal and think, if it did this at $1, why shouldn't I just sell at $1 in case it falls down again? And thus they sell. 💥 What's important is that next time we approach $1, even with the selling we won't have nearly as much as we did the first time with much of the first wave of buyers having hopped out already thus it'll give us some leverage and potentially allow us to breakout/get a leg up above $1 which would be incredible. There's no guarantee that'll happen of course but that's something you guys can take note of, whether or not it does will be if the market has factored in the price of the news and what that news is, it's significance. 💥 Next important thing is why you exactly own XRP. Did you simply buy in to reap a specific percentage? If so then you're more than likely happy with 100% and doubling your money and should sell if that's what your content with/goal was. 💥 What if you bought in because of the utility use case and you believe XRP has an even brighter future? Well in that case you as well as that class of traders/investors will most likely be holding for the long term a couple of years believing that XRP's price has a lot more to rise in the coming years alongside it's utility and real world use/adoption. 💥 Still even with all of that there is another option, you can always sell your XRP for the high percent gain and convert that to another crypto you have faith in. Here's one example of what I'm talking about: 💥 You originally buy $50,000 worth of XRP at 40 cents. Now it's worth $100,000 at 80 cents with a 100% profit. If you believe it has more potential to the downside then the upside you could sell it all for $100,000, then convert that into Bitcoin to give you approximately 3.33 Bitcoin at current prices. Bitcoin has yet to make any major moves being stuck at that $29,000-$30,000 range still so it would make sense to do that if you believe Bitcoin will go back up and further within a year or more. Thus your $100,000 could become $198,000 if Bitcoin we're to hit $60,000 again. 💥 Above is the example of taking profits from one profitable trade and putting them to work in another which may be less risky buy still reap rewards and percentages, sure you're chances of seeing a crazy quick and high percentage rise will be way lower than with XRP, but you're money would also be safer and more than likely still reap profits, albeit in the longer term. 💥 This is all relative to the market cap of course and your risk tolerance. With XRP's market cap of roughly $41 billion right now it still allows a lot more room for growth, to get 100% you would need another $41 billion. Whereas with Bitcoin being at $578 billion, you'll need another $578 billion to hit $60,000 or so. It's a big difference but that's where the risk tolerance comes in. XRP offers a lot more profits but at a lot more risk, whereas Bitcoin may offer less profits but with a lot less risk. That's where it's up to you to think about your tolerance and what you're plan exactly is. 💥Important thing to note is what percent your gains will be taxed at if you do decide to close. Remember that you'll be facing long term or short term gains depending on how long you've held/had and you're income. If you sell for a short term gain there is no 20% like with long term gains, the tax percent can go as high as 37% for short term so it'll range in between 10% and 37% basically. For long term the range is 0 - 20% based off your total taxable income. Below is a link to the site I used which details a lot more on capital gains. www.bankrate.com 💥 It's been a long enough idea I understand but I wanted to make some points clear, especially for those debating on whether or not to sell, so I hope that helps, because even if all of this were to help only one person, I would still be happy with that, anything for you guys. Thanks for tuning in and feel free to leave a like or follow, simply helps me, thanks. ~ Rock '
BITSTAMP:XRPUSDEducation
by Rocksorgate
1
✨ XRP TECHNICAL ANALYSIS JULY 21 ✨✨ Some important points will be made today and we will definitely be going over TA so don't fret, and as always thanks for tuning in. ladies and gentlemen. ✨ Let's quickly check out this Technical Analysis. Below is the 15 minute chart which we will refer to first and here is the chart image: ✨ Ta wise we can see how XRP slipped down within that descending channel going through our horizontal levels even breaking down below 0.77 but we did get a quick recovery there following the steep fall when volume increased signaling that buyers/institutions are still willing to buy above 0.76 which is good to note. ✨ It's good to note that as we saw a lot of buying at 0.76 and above so should we ever approach that level again or slip below it definitely expect some sell-off's as the traders/institutions that entered in at that position will want to close those same positions if it ever looks like price action may fall below, so very good to mark down and keep mind of, and it's thanks to volume we can identify that. ✨ I've also added this support line that seems to have formed so good to note as well. Below is gonna be our 5 minute chart then: ✨ With the 5 minute we can identify just exactly where that recovery happened displaying the quick breakdown before promptly being bought back up pulling us above 0.77 and through our levels even regaining that 200 EMA. I've encircled some pivot points to help visual readers but right now we'll have to see whether or not we can sustain price action above the 200 EMA or if we'll simply lose it again. What matters is that we recovered to sustain a price above 0.77. ✨ Target for today will be to break back above that 0.786 level which has proven to be a pivot level as I've encircled/highlighted for you guys. We need to break above that and form support mainly so that we don't lose our 200. But if we can't do that refer to the support line I've added and should that break we'll likely retest 0.77 though that's not the hope of course. But please refer to the horizontal levels, thank you. ✨ Before I end this off, I will be writing an idea right after this pertaining to buying and selling XRP and whether or not you should or shouldn't so please give that a read as well, thank you and as always feel free to leave a like or follow, simply helps me out. And as a heads up, I likely won't post on the 23rd as it'll be my Birthday so if you don't see any posts just be aware of that, thank you and all the best. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
⚡ XRP PRICE ANALYSIS JULY 20 ⚡⚡ Hi, thanks for joining in real quick ladies and gentlemen. Pretty clear what's happened today but we'll give some quick notes on what's going on with our prices today for the technical. ⚡ Volume decreased as we approached that 0.85 level/test indicating that buyers weren't as keen on buying at that level, represented an absence of momentum/energy which we would have needed to break that level and form another leg up. We promptly got a breakdown after reversing following the failed test once we slipped below 0.81. ⚡ What we're looking for now is a break back to the upside passing that 0.795 mark on the local. We can't consider any moves upward until buyers pull us back up and restore prices above 0.90. It's important to note that volume increased as we approached that 0.77 level managing to hold ground above 0.785 thanks to what was likely some institutional/whale buying most likely in a push to prevent us losing that mark. ⚡ Chances are we'll have some sideways trading for a while between 0.77 and 0.85 as Bulls and Bears will fight to get a leg up on each other. What matters mainly is that the 200 EMA has been lost on the 15 minute, not the best case to have but it hasn't been lost on the 30 minute yet as represented below: ⚡ Should we lose that 200 EMA on the 30 minute timeframe expect some heavy selling or intense volatility if we approach it as both teams will battle intensely no doubt. What matters now is just which way we break out this horizontal channel we're currently trending within: ⚡ Break above and we have a good chance of getting that 200 EMA back. Below and we have a good chance of meeting again with our 200 on the 30 minute so be mindful. 0.77 is that last level of support before things get real tricky. ⚡ Target for today is just to break above 0795 and establish some support. If that fails and we slip below 0.786 watch 0.77 for support and should we slip below 0.77 my next support is at 0.724. Feel free to add those levels to your charts. I have to go but all the best, feel free to leave and likes or follow, thanks. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
🌠 XRP Breaks out from Consolidation 🌠🌠 If you've been following my idea's then you know what's going on right now. And before I start just wanted to say thanks for joining as usual ladies and gentlemen. Yesterday's idea we pointed out that XRP was still consolidating/trading sideways but was nonetheless pushing and it's pushed well today no doubt. 🌠 Past few days I've been pointing out that we've been within this channel consolidating between that resistance and support of 0.80 and 0.70 with price looking for a break in one direction or another. We got that confirmation after breaking past my 0.76 resistance promptly rallying up to that 0.816 mark before getting hit by what is likely some retracement. 🌠 Through that rally XRP managed to break out of it's consolidated channel breaking that 0.80 mark with relative ease. We did fall back into that channel afterwards but promptly left it to bring us to where we currently are. And for that we'll look to this 3 minute visual chart I've made for you guys. 🌠 5 minute chart tells us a long more and I've annotated most of the important things to keep stuff simple for you guys. XRP has now hit this resistance twice at 0.81 and if we can't break that expect a possible reversal to start if some whales or traders start taking profits/closing positions as we'd risk losing that 200 EMA again and with what we will have to look at 0.77 for support being that we just previously found it there at the 4:30 UTC time mark though there's only been one confirmation there so it's not a reliable support but good to note. 🌠 What I want you guys to watch for now is 0.79. We break below 0.79 and we'll risk losing that 200 and starting a reversal, should that happen and we slip then pay mind to my 0.71 support mark as that's the bottom of our consolidation channel. And below 0.71 it's no mans land as we'll call it. We just don't want to go there right now, would bring down a lot of gains for traders and bring out uncertainty, leading to volatile moves so we don't want that right now, just want support right now in the last above 0.76. 🌠 Below is the chart/link to yesterday's idea in which we pointed out XRP was consolidating but still pushing for anyone who would like a bigger picture view, the chart will still be prominent even today and until we break away from it in either direction. Again the arrows are there to keep things simple, we go below 0.71 and we fall, and above 0.80 we stand to gain another leg up and build support aiming for that $1 benchmark but first before that will be 0.90-92. Click on the idea if you missed the chance to read yesterday or are curious. 🌠 That's going to be about it for today's idea, didn't want to make it too long but had some important stuff to highlight. Main thing is that we still have the 200 EMA on the 15 minute timeframe but if we ever lose it on the 15 minute just be prepped and don't fret. Simple pay mind to the level's I've pointed out and given, that's all for today, thank you and feel free to leave a like or follow as usual, always helps. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
2
🔥XRP STILL CONSOLIDATING BUT PUSHING🔥🔥 Quick 2 to 3 minute read today, thanks for reading in ladies and gentlemen! 🔥 Just gonna keep it pretty visual today, judging from the current 5 minute chart we're still consolidating within our overall channel between 0.70 and 0.79-80 looking for the next major pivot/move and here's the chart for that. 🔥 Good to see XRP still pushing and even forming a higher high on the smaller timeframe to hit that 0.77 before retracing as it has so far. What'll matter is if we slip back below to form a double top by which then we'll need some good support to keep from losing that 200 EMA again. With this consolidation though still ongoing wouldn't be surprised to see us lose that 200 again once or twice more like we already have this week following the rally. 🔥 Below is a simple chart with some arrows just showing things very simply as they are, slip below one line we fall and above another we likely breakout and form a leg up. I said today's idea would be a 2-3 minute read and that's exactly so, especially since we're still just trending with the waves basically, nothing crazy today. Target is to break 0.77 but if we can't we'll watch 0.71 for support and so on with the horizontal levels. 🔥 With that all said, I appreciate you taking the time to read this idea, even for those of you who may not care to leave a like or follow, I still appreciate you taking the time to read this and share some time with me. And all the more thanks to those of you that do continue to like my ideas and follow, really means a lot, thank you and all the best till next. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
XRP to $10 in 2025 ? Fib Speed Fan Analysis. #XRPARMYThe Fibonacci Speed Fan is a technical analysis tool that combines Fibonacci retracement levels with trend lines to identify potential support, resistance, and trend reversal points in an asset's price action. This tool has proven to be particularly useful in detecting trend reversals, especially in the case of the XRP token. XRP has demonstrated a history of respecting significant Fibonacci extension levels since 2014, as evidenced by the 0.618 rejection in 2014, the large expansion to the upside with a mild correction at the 1.382, and the eventual blow off top at the 1.75 extension. The market then consolidated and appreciated until it encountered resistance at the 0.618 Fibonacci fan extension in April 2021, followed by further consolidation. Analyzing historical price action can provide insights into potential future movements. By superimposing the 2014 fractal on the current price action and scaling it appropriately, we can identify a possible trajectory for XRP. This analysis suggests that XRP may experience a run-up to two intersecting 0.618 Fibonacci Speed Fan levels (from the previous peak and the most recent peak) around the $0.85 - $1.00 range. This could be followed by a rejection or consolidation period lasting several months before another potential explosive move to the upside in 2025. The catalyst for this projected growth could be a favorable outcome in XRP's legal battle with the SEC, which would lend legitimacy and confidence to the asset. It is important to remember, however, that technical analysis, while valuable, is not foolproof and cannot predict future price movements with complete certainty. External factors, such as regulatory changes and market sentiment, can also have a significant impact on an asset's price trajectory. In conclusion, the Fibonacci Speed Fan is a useful tool for detecting trend reversals due to its ability to combine Fibonacci retracement levels with trend lines, providing valuable insights into potential support and resistance areas. This has been particularly relevant for the XRP token, which has consistently respected significant Fibonacci extension levels since 2014. By analyzing historical price action and employing tools like the Fibonacci Speed Fan, traders and investors can make more informed decisions about potential entry and exit points in the market.
BITSTAMP:XRPUSDLong
by TheTraderAndy
☀️ XRP WILL IT FALL OR RISE? ☀️☀️ Hope everyone's doing alright today and again thanks for tuning in ladies and gentlemen, this won't take long. We've got XRP consolidating betweek 0.70 and 0.80 looking for it's next move alongside what'll happen with that 200 EMA as traders tip toe around precariously figuring out what play could be in next. Below is that chart displaying our channel. ☀️ For our micro outlook here's the next chart on the 5 minute timeframe display that pullback we got at 0.71 just barely avoiding retesting that 0.70 level. I've also added a micro horizontal level at 0.76 as we got that rejection there attempting to break out and above. ☀️ Target is to break 0.76 and avoid losing that support below 0.71 else we risk falling further and losing some of the week's gains. We've already lost the 200 EMA on the 5 minute and I'd love to see us reclaim that but as it is stuff looks a bit dim like we may be forming a death cross. ☀️ For those that don't know a death cross is basically just when a chart starts showing weakness and slips below a short term moving average which in this case is the 15 minute 200 EMA. So you slip below the 200 EMA and it usually signals a fall in price action which is usually pretty dramatic. For example we lose the 5 minute 200 EMA and we'll slip a bit, but once you lose the 15 minute or hourly EMA the slip extends further and you even get a mountain fall in some cases being those dramatic plunges so why we always pay mind to that 200 and the golden, death crosses. ☀️ For now I would pay mind to the channel's I've added as XRP has been consolidating within them searching for the next move. Below is the chart with arrows added to be simple, we slip below we fall and above we breakout and could possibly form another leg up which would be great. ☀️ Don't want to write up too much, just want to keep things concise but that's the main stuff to keep an eye on for today and the coming days. If you've made it this far I give my thanks and gratitude as always, really means a lot and feel free to leave a like or follow, never hurts. Till next, all the best. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
XRP, completed Z Z?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! CRYPTOCAP:XRP Update Levels hitting. Potential triangle in there. Cant have a triangle as a W2. So could lean ZZ. Quickest resolution is a hold of a .7318 and blast up, or some sideways possible. Still short. .7318 and 0.7836 are the levels to watch. Cheers!
Short
by CryptoKnee
⚡️ XRP Attempting to break first FIB level ⚡️⚡️ Thanks for tuning in real quick ladies and gentlemen, this won't be long but will be important. ⚡️ We had XRP do it's whole thing with the rally which saw us form a high of 0.95 cents before retracing to 0.67 afterwards pulling back up to 0.80 cents before hitting that most recent resistance which will be important. Below is the chart for that. ⚡️ The Fib level is from our Big picture chart so if we look back to one of my older idea's we'll see the overall big picture with the Fib retracement levels. Should XRP be able to break 0.80 we'll likely be able to push up and retest 0.92 at the First retracement level by which a successful breakout/push over that would put us in a position to revisit $1 and $1.40 being the next Fib resistance level after that and so on. ⚡️ The chart is prior to XRP's rally so it doesn't display any new bars but what matters is the Fib levels and for future reference we'll need those so I've added some simply annotations of resistance points which once passed will help be catalyst and lead to leg ups. ⚡️ And here is the current channel we've got going on to keep things simple. Break above we breakout and below we definitely risk falling and losing that 200 EMA on the 15 minute chart at least which we don't want right now. Want to establish some more support above 0.70 in the least so that we can get another leg up and retest that 0.92 Fib level. ⚡️ It's Sunday so today's thoughts are gonna be pretty short at that for now and that's the main gist of things right now to pay mind to, give some attention and mark for yourselves. And for those wondering a Fib retracement is basically just horizontal levels that can help identify possible places for resistance or support depending on which side your on of course. Above a line it'll become support and below resistance. ⚡️ I already refer to my own horizontal levels in my regular idea's but these Fibonacci levels are basically those levels as well, just on a much bigger scale for a wider period of time which in this case is Days/Weeks based on our highest and lowest points based off XRP's past price action/history. ⚡️ That's it for today's thoughts, hope that wasn't too much for you guys, but thanks as always for giving me a few minutes of your time, especially if you've made it this car. Likes and follow's never hurt and simply help me grow day by day alongside my experience and lessons. Thank you and all the best. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
XRP Should consolidate and pump to target It is currently facing the horizontal resistance on 1W TF. It is looking strong after the breakout of the symmetrical triangle and the ascending triangle. It will follow the bullish path after the breakout of the weekly horizontal resistance. If it takes some correction then the lower marked horizontal support is a decent zone to accumulate. A mere possibility for it to touch on the lowest is 0.51 but with the news and the accumulation it has lesser changes to do so. The target remains same 1.20-1.33 as the target for XRP>
Long
by TheMoneySpark
🏆 XRP WINS SEC CASE! WE DID IT! 🏆🏆 Hey! Hope everybody's doing great today! WE DID IT! If you've stuck with me through this journey and made it this far, especially those of you that help XRP and Ripple throughout this whole period alongside me I offer a cheers! It's been a journey that we've been down through more than 2 years now! But in the end it's proven well and well worth. and before I continue just wanted to apologize for the delay, posted an idea and trading view banned me for a bit from posting because I mentioned social in a post so can blame that for the absence. 🏆 In my last idea I noted the fact that XRP may be ready for it's BIG MOVE and alas to see that come true has been a sight! Especially after having exited our Major Falling Wedge to get that breakout coincidentally with the 200 EMA confirmation as the case outcome was released funny enough shooting us up. 🏆 I understand it's Saturday and most of you are probably busy so this will be short and concise but once again thanks for tuning in again! Here's our 30 minute chart showing the whole breakout. 🏆 Below I've marked down this resistance we've got and it'll basically help us identify when we get that breakout or if we'll fall further risking losing that 200 EMA though it's good to point out even with that risk we've done pretty good coming up this far and it'll only be a matter of time before things progress. 🏆 Main chart I wanted to point out though is below: 🏆 All of this ended up sending us back up to what was essentially $1 before we got with with that retracement which is understandable. But that's a good point to mark as we know now that $1 more then definitely possible now. It may not be immediate or quick but this is the turning point for a market that's been stuck in winter. 🏆 Things are going to start heating up is what matters and with Blackrock's Spot Bitcoin ETF being accepted it makes things all the more certain of a future in which cryptocurrency will take a foothold and serve as a real utility. Happy to see XRP get that regulatory confirmation on not being a security. Will help a lot of other cryptocurrencies adjust accordingly not to mention be some good ammunition for those already in legal battles with the SEC such as Coinbase. 🏆 Said today's idea would be short and so I'll leave it at that, but really happy again to see all of this come to fruition, we've been here for well over 2 years now and it was worth it. Thanks for tuning in ladies and gentlemen, feel free to leave a like or follow and share, always appreciated and as you know, simply doing the best I can. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
5
XRP, will history repeat?XRP and the Army. XRP will do nothing and could be considered a stable coin until it finally doesn't. Historically XRP does nothing without the rest of the market, they all follow bitcoin. When does the magic start? When the yellow line crosses the purple and the red, more specifically the purple. Until then, stable coin. I have that area circled in prior history. When it starts it should be 4 weeks of insanity then a correction and pause for approximately 8 months and a final 4 weeks of the final phase. That's the good news, the bad news is it might be well into 2024 and bitcoin will have to make new highs before XRP de-pegs it self from it's stable coin status. I have also added the TDI indicator on the bottom as it shows the bear market areas and bull market areas. I Have linked another chart that I made a few back on XRP and a lengthening altcoin cycle chart. I have picked long for XRP but I don't expect it anytime soon. The earliest would be late this year but most likely 2024. WeAreSat0shi Thank you
BITSTAMP:XRPUSDLong
by WeAreSat0shi
2