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XRP vs XLM reloadedWho is gonna be stronger?💪 This is comparison XRPUSDT / XLMUSDT , so if the: *price is going up, it means XRP is stronger than XLM *price is going down, it means XRP is weaker than XLM Here we go again. First of all check the first battle of these rivals where as predicted XRP got the upper hand: After reaching the target it was just one big spiller down. Now it seems that after breaking all the trendlines, price shaped nice Head and Shoulder pattern with neckline slightly above the 0.5 fib. IF price breaks down, we could potentially see a drop down to lower range (fib 0.236 & 0.146 and even deeper). H&S target being 1.075. To sum it up, I think that in the following weeks/months, Stellar could be stronger than Ripple with some pullbacks along the way (as shown by the red path). What's your take? Check my other stuff in related ideas. Please boost🚀, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Short
by bizmark
2
Ripple - possible buyer's test.Resistance did not allow the price to accelerate above the local highs. This was followed by a breakout of the local trend line. Resumption of purchases is possible from the support area. If the test is not successful, we expect a breakdown even lower. If you like the idea, please like it. That's the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy.
by Artem_Dishel
4
Ripple - Dreams and hopes about to get crushed! In our previous posts on the Ripple cryptocurrency, we pointed out the bullish breakout from the symmetrical triangle and signs of exhaustion accompanying this price action. In addition to that, we outlined a part of the legal case between the SEC and Ripple Labs, Inc., debunked a myth about the market-cap capabilities, and described an ongoing behavior in the Ripple community as merely a “buy the rumor, sell the fact” behavior. Today, again, we would like to hint at several worrying developments about XRPUSD. First, volume continues to hover around monthly lows, reflecting little to no interest among new investors willing to propel the price higher. Furthermore, the risk appetite in the overall market continues to decline with the prospect of higher interest rates and progressing recession. However, that does not seem to concern many market participants predicting the bottom and chasing the market with the vision of huge profits. Unfortunately, in our opinion, that is all it is - a vision of huge profits without regard for any macroeconomic factors. Indeed, we believe those on the buying spree over the past weeks will feed the ultimate selloff later as the general market progresses deeper into recession. In accordance with that, we have no reason to change our bearish bias toward Ripple and stick to our price targets at 0.30 USD and 0.28 USD. Our other reasons for that are described below and in the attached articles. Illustration 1.01 Illustration 1.01 shows the daily chart of XRPUSD. Yellow arrows hint at the latest technical developments. The price retracement toward the 20-day SMA catches our attention as it might potentially foreshadow a failure of the trend to continue. Therefore, we will pay close attention to the price action. If the price holds above the 20-day SMA, it will be bullish. However, if the price fails to hold above this level, it will be very bearish for XRPUSD. Therefore, to confirm our bearish thesis, we would like to see a pick-up in volume accompanying a drop in the price. Technical analysis - daily time frame RSI reversed. MACD turned bearish. The same applies to Stochastic. DM+ and DM- are bullish. Overall, the daily time frame reflects the loss of bullish momentum. Technical analysis - weekly time frame RSI turned neutral. MACD and Stochastic point to the upside. DM+ and DM- are bullish. Overall, the weekly time frame is slightly bullish/neutral. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:XRPUSDShort
by Tradersweekly
14
XRP Continues to Mirror BTC's Macro Pirce-Action; Only Slower.XRP since it was listed on Poloniex back in 2014 seems to have mirrored the overall price action of BTC over the years but at a much slower pace from the looks of it it wouldd appear that BTC makes the move first then XRP takes about 1.65x longer to make the move itself. Based off this we can see that in late 2013 BTC started trading within a Multi-Year-Range after a many previous months of positive price action and that it did not breakout of this range until a little over 3 years later in mid 2017 to which it proceeded to Blue-Sky-Breakout to all time highs never to see the Multi-Year-Range ever again. (atleast not yet anyway) XRP's story appears to be the same but with the small twist that it is still trading within it's Multi-Year-Range that it's found itself trading within after a huge 2017 rise. 2022 will be coming to and end soon and within the first half of next year XRP will have officially been 5 years since XRP has entered this range and given that the expectation is for XRP to move 65% the speed of BTC one could expect that XRP as it is right now is only several months away from a Breakout of it's own and of equal or better significance than BTC's Breakout was. ....... Stright to the point ........ If XRP's Multi-Year-Range Breakout lives up to BTC's, I would expect to see somewhere around a 4,500% pump from the Range Highs which would take XRP up to the seemingly insane target of $168.50
INDEX:BTCUSDLong
by RizeSenpai
1
XRP/USDT - LONG----- Welcome, dear followers! ----- - Here is my trading methodology. I trade with a normal system and analysis of resistance and support, as well as price reversal patterns. - For the record, I do not place a stop loss within my trades. So that I only risk 1.5% of my total capital in order to support the loss due to a price reversal against me. - If a price reversed against my expectation and touched the drawn line r3, then I transferred targets to the entry point and waited for the price to close at it with a loss equal to almost zero. - Today's deal is shown in the chart, and here are the entry and exit points below. -- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part. -- ------------------------------------------------------- ⚡️⚡️ XRP/USDT ⚡️⚡️ Exchange: Binance Futures Trade Type: Breakout (Long) Leverage: Cross (1.0X) Entry Orders: 1) 0.4965 - 100.0% (51.95664 USDT) Take-Profit Orders: 1) 0.5356 - 80.0% 2) 0.5631 - 19.999% Trailing Configuration: Stop: Breakeven - Trigger: Target (1)
Long
by Mahdicryptodotma-pro
1
XRPBTC Diamond Big Enough To See On The Monthly ChartWe have a Diamond pattern forming at these lows here on the Monthly XRP Chart. Diamonds are inherently Neutral Patterns but given the fact that XRP is currently sitting closer to Horizontal Support than it is from Resistance; I'd say the edge is leaning somewhat more towards the Bullish Scenario Here. I'll be Posting a Macro Chart for the XRPUSDT Pair soon the compliment this setup and when i do it will be in the related ideas section below.
Long
by RizeSenpai
XRP breakoutPlease 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free. Ripple broke the (red) major downtrendline (click the idea below to see it the whole downtrendline) ...and then consolidated in form of triangle. Recently it broke up out of this triangle📐 and I think there is chance for run to 0.6330 and even higher. Setting BUY LIMIT order to previous range high to catch🎣 the pullback. ENTRY : local high @ 0.5063 STOPLOSS (SL) : local low @ 0.4800 TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 0.6330 REWARD RISK RATIO (RRR) : 4.8 INVALIDATION : when SL level hit Check my other stuff in related ideas. Please boost🚀, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Long
by bizmark
6
XRP: DO or DIEPlease 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free. Don't be just a taker, be a giver! 👍🏻 Ripple has been stronger than most of other coins recently but yesterday it just hit resistance confluence - the major downtrendline (red) plus local uptrendline (dotted yellow, previously broken, now backtest). Zoom in. I think the recent strenght of XRP stemmed from fact that price has been supported by major uptrendline (lime) around 0.3 where it bounced several times in last months and recently just decided to lift off in order to break up the major downtrendline which capped all the highs in last 18 months (almost). If it's really rejected once again, I think we will drop down back to the lime uptrendline and will break it down later. In case of upside breakout through the red downtrendline, pump expected. Ripple, DO or DIE! Check current bearish BTC setup down below. Check my other stuff in related ideas. Please boost🚀, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Short
by bizmark
14
XRP, ART OF THE SHORT.Hi Traders, After the pump to the final 0.54c price gap took place we now face another short entry opportunity, i updated the prior XRP posting when re-entering short 0.535c but in general anything above 0.50 is a decent entry for returns. Indicators as-well as BTC look read to take a dive. WHY ART OF THE SHORT? Shorting/dumping is the MM way of taking back the gains made by retail on the easy climb, the 'ART' begin that when XRP dumps it should return to the 0.405-0.375 target area to clear leverage AND that will likely occur in a time amount of time in comparison to the build up time - perhaps 2 days in totality to wipe out the entire % gains. So the beauty in shorting is that its opportunistic in nature and exceptionally high returns over short time periods. The trade is to short at-least 0.525 and above for a good entry. Target area 0.405-0.375 (roughly a spot 25% GAIN and in a short time period, much higher with leverage.) I am also naked shorting, meaning without hedging anymore - i would not open a long at these levels so no desire to hedge. Goodluck, Asset Mastery
Short
by AssetMasteryandInvesting
XRP (XRP) - October 10Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (XRPUSDT 1W Chart) The 0.4989-0.62 interval is the interval that determines the trend. Therefore, it is important to be able to support and rise in this section. (1D chart) A volume profile section is formed over the section 0.5455-0.6070. So, the key is whether we can break through this section upwards. If it falls below the 0.47-0.4989 section and receives resistance, it is highly likely to lead to a further decline, so a Stop Loss is required to secure cash. If the price is maintained above 0.47, it is highly likely that it will lead to further upside as it is showing an uptrend on the 1W chart. Therefore, if it rises above 0.62, it is expected to rise to the 0.7418-0.7788 section. ------------------------------------------------------------ ----------------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator contains indicators that indicate support and resistance points. ** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor). ** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100). (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
3
Ripple - Symmetrical triangle and bullish breakoutToday, we would like to update our thoughts on the Ripple cryptocurrency. We continue to notice signs of exhaustion from the technical perspective. At the moment, we closely watch the symmetrical triangle on the daily chart of XRPUSD. The recent breakout from the pattern is bullish. However, we have no reason to change our bearish bias on Ripple. As we noted previously, we continue to think that the recent bounce higher still represents merely “buy the rumor, sell the fact” behavior. That view is also supported by bearish macroeconomic factors, which will be challenging for the whole market to overcome. In addition to that, a lawsuit between the SEC and Ripple Labs, Inc. continues to loom over the fate of this cryptocurrency. Because of that and other factors, we stay committed to our price targets at 0.30 USD and 0.28 USD. Illustration 1.01 Illustration 1.01 shows the daily chart of XRPUSD. The bullish breakout took place from the symmetrical triangle, which is normally considered a continuation pattern. However, we would like to point out a significant decrease in volume as the price continued to rise and finally broke to the upside; that is a bearish development, suggesting a further loss of momentum. Technical analysis - daily time frame RSI shows signs of exhaustion. The same applies to MACD and Stochastic. DM+ and DM- are bullish, with ADX suggesting the peak of bullish conditions. Overall, the daily time frame suggests that the bounce nears its end. In order to invalidate this thesis, we would like to see a pick up in volume accompanying a breakout above the recent high. Illustration 1.02 Illustration 1.02 shows the monthly chart of XRPUSD. The yellow arrow points to the low monthly volumes. That reflects little interest among new investors, which is bearish. Technical analysis - weekly time frame RSI and Stochastic are bullish. MACD is also bullish but stays in the bearish zone. DM+ and DM- are bullish. Overall, the weekly time frame is bullish; however, the trend is weakening. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:XRPUSDShort
by Tradersweekly
61
XRP (XRP) - October 3Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (XRPUSDT 1W Chart) The key is whether it can rise above 0.4989 and find support. (1D chart) Resistance: 0.4989-0.62 Support: 0.3283-0.3466 If the price is maintained outside the long-term downtrend line (1), it is expected to rise. However, since the 0.4989-0.62 section is the section that determines the trend, it is expected that the upward trend will continue when it rises above this section. ------------------------------------------------------------ ------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator contains indicators that indicate support and resistance points. ** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor). ** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100). (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
The SEC vs. Ripple Labs, Inc.A brief history In 2004, a few years before the introduction of the white paper and Bitcoin by Satoshi Nakamoto, Ryan Fugger conceived the idea now known as Ripple. Initially, Ripple was not based on blockchain technology. The development of blockchain technology and its implementation within Ripple began in 2012 after Ryan Fugger handed over his project to Chris Larsen, David Schwarz, and the former co-founder of the infamous Mt. Gox, Jed McCaleb. Subsequently, this group of entrepreneurs founded OpenCoin and that same year began to use RipplePay source code to create their own ledger-based payment network for financial institutions. Later, in 2013, OneCoin was renamed to Ripple Labs Inc. and began raising funds. That same year, Jed McCaleb departed from the company to pursue the Stellar Lumens (XLM) project. Meanwhile, the Ripple cryptocurrency rose from a mere fraction of a cent to the all-time-high value of 3.55 USD in 2018. Although, after tens of thousands of percent in gains, Ripple lost more than 90% of its value within the following year. After that, in March 2020, XRP found a bottom and started to rise in a new bull market propelled by an unprecedented amount of quantitative easing and stimulus checks being handed out to American citizens by the government. However, despite other cryptocurrencies reaching new all-time highs, Ripple's performance remained muted in comparison to the previous bull cycle, with many people blaming it on the SEC lawsuit from December 2020. In a new uptrend, Ripple reached 1.98 USD before erasing most of its gains and returning to the range between 0.20 USD and 0.40 USD. After two years of court proceedings, the case nears its end, which has started the bullish speculation that elevated the price to a recent high of 0.55 USD, and which led us to announce a warning to investors. Just two weeks ago, we called the bounce characteristic of “buy the rumor, sell the fact” behavior. Today, we still hold this notion and remain bearish on XRPUSD. Accordingly, we stick to our price targets of 0.30 USD and 0.28 USD. The rationale behind our reasoning is described below. The SEC lawsuit against Ripple Labs Inc. In December 2020, the SEC filed an action against Ripple Labs Inc., alleging that the company raised 1.3 bn. USD through an unregistered digital asset securities offering. Based on the SEC's complaint, Christian Larsen, the company's co-founder, and Bradley Garlinghouse raised capital to finance the company's business by selling cryptocurrency tokens to investors in the U.S. and globally. In addition to that, Ripple distributed billions of XRP tokens in exchange for labor and various services. As if it was not enough, Larsen and Garlinghouse executed personal sales worth approximately 600 mil. USD, potentially breaking federal securities laws by not registering their sales of XRP tokens. The latest developments within the lawsuit and Hinman's remarks A few days ago, U.S. District Court Judge Analisa Torres ruled to release the documents from the former Director of the Securities and Exchange Commission's Division of Corporation Finance. These documents relate mainly to the speech of Hinman at the Yahoo Finance All Economic Summit in 2018. In his 2018 speech, Hinman said that some cryptocurrencies would not be considered securities (and which many investors seem to consider bullish for XRP in the past few days). However, we would like to remind investors that right at the beginning of his speech, Hinman noted that opinions conveyed in the speech are opinions of his own, and not those representing the SEC. Then, just about a minute later, Hinman proceeded to distinguish between securities and potentially “something other than a security.” He noted that if a cryptocurrency carried a third-party promotion, it would most likely fit the security description. Subsequently, he described a promotion as raising funds (through selling tokens instead of issuing a stock) by promoters to fund a company's operations with the goal of achieving financial gains for themselves and their investors. Furthermore, he provided the example of the SEC case versus W.J.Howey Co. from 1946. In that example, Hinman outlined how the character of a transaction is a determining factor in whether an asset is a security or not. He later continued clarifying how a transaction could potentially not represent a securities offering. For that matter, he stated that the network on which a cryptocurrency is based would have to be sufficiently decentralized, and “purchasers would no longer have reasonable expectations that a person or a group will carry out managerial and entrepreneurial efforts”. According to Hinman's following remarks, only under such conditions, a transaction might not represent an investment contract. After that, Hinman finally proceeded to make remarks about Ethereum “while putting aside a fundraising of that company.” He stated that at “the current” time (in 2018), offers and sales of Ethereum were not securities transactions. Then, he said that over time there might be other sufficiently decentralized systems, like in the case of Bitcoin and Ethereum, while omitting any other cryptocurrencies, including Ripple. In next Hinman's remarks, he talked about “a plethora of federal regulations that apply beyond the securities laws.” Furthermore, he noted “a few things” that the SEC could look at in order to determine whether an asset is a security. “A few things the SEC could look at” or ask 1. Is there a person or a group who sponsors the promotion and creation of the sale of the asset? 2. Does a person or a group who sponsors the promotion and creation of the sale of the asset play a significant role in the development and maintenance of that asset and its potential increase in value? 3. Does a person or a group who sponsored the promotion and creation of the sale of the asset retain a stake and/or other interests in the digital asset? 4. Did the promoter raise an amount of funds in excess of what might be needed to establish the running and functional network? If so, did the promoter indicate to investors how these funds might be used to support the value in the 5. secondary market (or increase the value of the enterprise)? 6. Does the promoter continue to expend funds from the proceeds for enhancing the functionality or to just enhance the secondary market value? 7. Do people or entities other than the promoter exercise governance rights and have a meaningful influence on the network? 8. Is the token creation commensurate with meeting the needs of real users rather than feeding speculation? 9. Are independent actors setting the price, or is the promoter supporting the market? Our assessment As it is impossible to tell what will be the outcome of the legal battle between the SEC and Ripple, we are allowed only to speculate about the court ruling. However, based on Hinman's introductory remarks in his speech regarding personal opinions and not those of the SEC or its staff, we would argue that the speech is a weak point of evidence for Ripple. Indeed, we think the same about Ethereum and Bitcoin statements. Hinman said that Ethereum and Bitcoin were not cryptocurrencies at that particular time (during the speech - in 2018). Meanwhile, the lawsuit pertains to the period around 2013 and not to 2018. In addition to that, Hinman did put aside the early stages of Ethereum and its fundraising. Furthermore, he did also mention several requirements for a cryptocurrency to be potentially viewed as something else than “a security.” These requirements would require no third-party promoter and a sufficiently decentralized network, among many other requirements like no reliance on entrepreneurship of a company's leadership. However, after Ryan Fugger sold his project in 2012, the development of Ripple blockchain technology solely relied on the company's new management. Furthermore, the management (allegedly) profited from the sales of XRP as Larsen and Garlinghouse executed personal sales worth approximately 600 mil. USD. In our opinion, all these points represent a significant obstacle for Ripple to winning the SEC lawsuit. DISCLAIMER: This content is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade. The article serves solely educational purposes and contains merely alleged information and not actual claims about the actions of those described in the article.
BITSTAMP:XRPUSD
by Tradersweekly
100
Keep an eye on XRP! - May break out soon!Here's a quick look at the XRP 2 hr. chart. As we can see, the price has been forming a symmetrical triangle and we should keep an eye out for a break above or below the triangle. A break above the triangle will probably push the price higher, and if the price breaks below the triangle, the price will probably go lower. ------------------------------------------- The idea is: Buy when the price breaks above 0.475$ and take profits at the levels shown in the chart. Targets: 1. 0.49$ 2. 0.51$ 3. 0.54$ ------------------------------------------- What are triangles when it comes to trading? Key points: "1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape. 2. Triangles are similar to wedges and pennants and can be either a continuation pattern if validated or a powerful reversal pattern, in the event of failure. 3. three potential triangle variations can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles." ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
by MBM_Crypto
4
Ripple - We warned but nobody listenedIn our last idea on Ripple, we warned about the inevitable end of the rally and a return to reality. Indeed, even before that, we dismissed why it would not be possible for Ripple to reach sky-high valuations like 100 USD or 1 000 USD, which many market participants seem to be forecasting. Despite that, however, our view has not changed much. We remain bearish on XRPUSD and think it will go back to its 2022 lows over time. Accordingly, we maintain our price targets of 0.30 USD and 0.28 USD. Illustration 1.01 Illustration 1.01 shows the weekly chart of XRPUSD and two yellow rays. The bullish breakout above the second ray took place; to confirm our bearish thesis, we would like to see the price break back below the Ray 2 and hold there. Technical analysis - daily time frame RSI turned bearish. Stochastic is also bearish. MACD is neutral. DM+ and DM- are bullish. Overall, the daily time frame is turning bearish. Illustration 1.02 The picture above shows the daily chart of XRPUSD within the wide range. We previously outlined that the breakout above the range would be bullish; however, once it occurred, we said we would pay close attention to volume. Subsequently, volume was declining while the price was rising, leading us to speculate about the potential top. Technical analysis - weekly time frame RSI is bearish. MACD points to the upside but stays in the bearish area. Stochastic points to the upside. DM+ and DM- are bullish. Overall, the weekly time frame is still slightly bullish. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:XRPUSDShort
by Tradersweekly
53