Understanding When XRP Will MOON MartyBoots here. I have been trading for 16 years and I am here to share my ideas with you to help the Crypto space.
Bitcoin Is trying to have a BIG move soon and we in CryptoCheck intend to be prepared for it $$$$$$
Understanding XEP chart is very important for the next bull market
DO NOT BE LEFT BEHIND
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XRPJPY
XRPJPY OUTLOOK - BULLS STILL HAVE IT!The bulls have been dominating the market since JULY 2021 and they are not ready to let go just yet. Price just touched our slanting trendline and is heading up already, all we need to see as a confirmation before we jump right in, is a SHIFT of price above 138YEN and retest of our OB.
I will enter immediately if i see price reject 138 area, close 50% of my positions at 155YEN and either scale up more positions or let the rest run until it hits 188 or ATH of 215.
PLEASE APPRECIATE MY WORK, LIKE, COMMENT AND FOLLOW ME.
XRP - A fundamental case for a long term bias/tradeFacts:
- SEC is suing Ripple Labs for the sale of unregistered securities
- XRP and Ripple are not the same. XRP is the coin, Ripple Labs is the company
- Unless Ripple Labs goes public, XRP it is not a security
Bullish news:
SBI, a Japanese company that has recently acquired multiple crypto exchanges in 2020 and initially invested in XRP with company SBI Ripple Asia in 2016, is interested in a crypto index that is majority XRP
SBI offers shareholders XRP as dividend payouts
SBI Ripple Asia is not being sued by the SEC
SBI Ripple Asia is very interested in using XRP as its blazing fast remittance currency, and MoneyTap (not a U.S. company) will be using it.
" Interbank transfer fees remained high in Japan and have not been changed for more than 40 years, which is unusual by international standards. "
Japan's regulatory body FSA has already declared XRP is not a security .
Ripple is dying...Ripple Index analysis. Find the similiar structure on XRPUSD chart. I add XRPEUR, XRPGBP, XRPJPY for more accurate evaluation of real value of this thing.
Seems like this crypto "asset" is approaching its death! Very strong bearish breakout candle.
It exhibits similiar structure as BITCOIN for which I also predicted a bearish move that occured and will continue.
There are a few more factors for bearish stance. I will not specify all. I dont trade this. Just posting it for crypto community.
Remember guys whne you trade, you dont trade XRPUSD, GBPUSD, NZDUSD whatever PAIR. Such things (pairs) do not exist on their own.
You trade the DIFFERENCE (THE SPREAD) between the values of X and X.
As always, this is not financial advise.
Ripple Will Go For It!Hey , I am back after a while with another Technical Analysis.
So how was your Bitcoin crash? Mine was pretty good as most of my portfolio was in Ripple as my only long term hold, I am in since 4,200 . Bought some more at 6,200 and still havent sold any.
While watching this crash I shook my head and didnt believe what moves was Ripple showing, that crazy wick from 7200 shows a REALLY strong demand even in such skeptic marke t as we are in right, as many people are in fear to buy.
I like to see people here on TradingView or anywhere really complaining about how this market has no future , how Bitcoin is a scam and how they are selling everything .
I like the fact that we are in, or almost in , the last phase of bear cycle, despair phase.
Buying the top and selling the bottom, thats whats most of "traders" here do .
But moving on , and actually looking at Ripple/Bitcoin Daily.
Good uptrend , even sharper one has occured.
RSI is in sharp uptrend and respects the trendline.
MACD has performed healthy and bullish cycle with a MACD bullish " slide ".
Ripple is testing the Key Ressistance level.
Higher lows, higher highs.
Candles looks really green , hah no, but for real, very good looking candles .
High above 9 EMA , that signifies that Ripple has a lot of time to test 9400 , the Key ressistance level.
Ripple has just very strong fundamentals, good usecase and strong adaption, very popular in japan an also in public.. FOMO will be strong.
So how high can Ripple pop? Very high if 9400 gets broken by a full candle.
Those were my points , I will also do a lower timeframe Ripple Analysis with Updates, stay tuned!
Thats al l from me, for now. If you agree with this Technical Analysis , consider leaving that " Agree Button " blue , as it leads me to post more similiar Technical Analysis .
Thanks for your time and good luck trading!
XRP isn't over yet*** THIS IS NOT AN ADVICE, DO YOUR RESEARCH AND TRADE WITH YOUR OWN RESPONSIBILITY***
We previously have anticipated that the XRP would have a bull break on the symmetrical triangle but that went to the opposite direction, glad we stopped out in time.
XRP hit the symmetrical triangle bear target, right at 61.8% retracement level.
We just entered a long position here, our target is 100 Japanese Yen.