Mid to long term XRP PAYou think they care about you? We are in the middle of the greatest wealth transfer in history and you are not on the list. An extra 6 trillion? Ha. First up then down. If we get too rowdy there will be reanalysis. In the meantime we range. We may range hard. We may blow hard. Who cares? It’s all a fucking fantasy anyway. Get your shit ready. This is not the only one but it is the best one. The standard. If you know why you know what you hold. HODL your shit Ice fucking cold before they take it. Peace love and All The Money.
Xrplong
XRP good new comingHere is the analysis of XRP.
XRP break the support level of $1 and rejected from there also. Ripple is looking strong in the SEC case and we see a settlement in the upcoming weeks. Ripple's CEO also said that they are planning to launch an IPO after the SEC case settlement. If you are looking to open a new position in XRP then place your orders around $0.8 and $0.7. We will see a good pump in XRP after the SEC case settlement. Use stop loss of $0.6 or below.
XRP/USDTXRPUSDT
First of all, friends, note that the price channel
Is a downside channel so buy a value for the position
You need to be flexible and you have to enter to buy
Wait for the resistance line I drew to break and then
You can enter the position after Polbeck's confirmation and after the defeat
You can also enter another value for the Fibonacci level
XRP D - Stay strong guys - this will take some timeHi everyone,
This will take some time to play out - hence I don't post that much, there's little to say,
It's gonna be choppy with pull backs and stuff but still believe the reversal is valid.
Hold strong, I've been waiting and accumulating 2,6 years by now (I'm in 1 % XRP rich list) - so not in a hurry.
This is actually a very low risk accumulation period (not financial advice) but putting in money that you can afford to lose in this case is a very low risk high profit trade.
Don't' jump in when AHT is reached, if it does, it's gonna be very very quick.
Take care!
XRP slides beneath $1, but bulls lock eyes on $1.2Ripple remarkably cleared the path to $1 after the nerve-shattering breakdown to $0.65. Moreover, the price lifted to $1.07 before losing momentum. On Wednesday, the primary battle was to keep XRP afloat at $1, although bulls lost the bid.
A correction came into the picture, forcing Ripple to explore the area under $1 again. The previous support at $0.9 played an essential role in preventing declines from extending further. Meanwhile, XRP trades at $0.95 amid, as bulls plan another takeover.
Ripple eyes another liftoff past $1
XRP bulls might have lost the fight above $1 but remain relentless in the mission to hit higher levels at $1.2 and $1.4. The technical picture currently sends mixed messages, especially with the Moving Average Convergence Divergence (MACD) stuck under in the negative region.
This technical indicator identifies positions to buy the dip and sell the top. For instance, a buy signal occurred following the bounce from last week’s support at $0.65. The call manifests by the MACD line (blue) crossing above the signal line.
Note that the trend would have tuned massively bullish if the indicator cracked into the positive region.
With the MACD line likelihood of sliding under the signal line, the bearish grip will become stronger.
A break above $1, a resistance highlighted by the 50 Simple Moving Average (SMA), would call more buyers into the market. A surge in the tailwind force is bound to bolster Ripple past the critical $1.2 level and perhaps resume the uptrend heading to $1.4.
Ripple intraday levels
Spot rate: $0.95
Trend: Bearish biased
Volatility: Low
Support: $0.9, $0.8 and $0.65
Resistance: $the 50 SMA, $1.2 and $1.4
XRP/USD - DON'T FALL FOR PREMIUIM (SHORT-TERM)Technical Overview: - XRP
We are at the top, do not buy now if you bias is bullish, we need to see market give us the opportunity
Use our analysis as a sentiment
Analysis is only 1 piece of the puzzle 🧩
Our analysis is a sentiment for the upcoming week, month.
Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining.
Trade this sentiment based off your own entry strategy at the right time.
Flow with the Devil 😈
Trade with the manipulation👾
STAY UPDATED BELOW!
XRP price tiptoes above $1Ripple intends to deal with high gas fees in the non-fungible token (NFT) marketplaces. Despite the NFT flooding the cryptocurrency space headlines, especially in the first quarter of 2021, high gas fees have almost crippled the sector.
The drastic rise in the NFT culture is a story to reckon with; however, users are forces to accept dwindling interest due to the challenging process of transferring ownership.
On the brighter side, Ripple has made public the plan to combat the challenge by integrating the NFT marketplaces on the XRP Ledger. The development will favor both buyers and sellers in the relatively new sector. Moreover, the integration is a welcome for all, keeping in mind that the novel consensus XRPL uses to validate transactions utilizes minimal amounts of energy. According to a statement from the blockchain company:
“Building on the XRP Ledger provides developers a unique opportunity to run more sustainable NFT apps and marketplaces while eliminating a heavy burden for the planet.”
Ripple price rises above $1
Ripple had on Tuesday corrected from levels marginally above $1 after bulls ran out of steam to continue with the uptrend trailing from the primary support at $0.65. Higher buyer congestion at $0.9 ensured that focus remained on recovery; hence, the liftoff above $1.
The Moving Average Convergence Divergence (MACD) indicator validates the prevailing uptrend as it closes the gap to the zero line (0.00). Besides, the MACD keeps widening the divergence above the signal line, affirming the bullish grip.
Similarly, the Relative Strength Index (RSI) has a bullish outlook based on its movement from the oversold area toward the overbought region. On the upside, XRP must deal with the resistance at the 50 Simple Moving Average (SMA), which will allow bulls to gaze at higher levels around $1.4.
Ripple intraday levels
Spot rate: $1
Trend: Bullish
Volatility: Low
Support: $0.9 and $0.8
Resistance: the 50 SMA, $1.2 and $1.4
XRP and DOGE too similar to ignore Xrp and DOGE have followed each other in terms of percent gain from lows to highs, time frame, and pattern. When Doge was at the same place on the chart as Xrp is now, it had a leg up 540% afterwards. If Xrp follows the same gains like always, a 540% gain will bring XRP to exactly $10. There is then a 50% pullback, before breaching 800% from Doges previous high. Xrp will be at $100 from a 800% pump from previous high. In the past, when Doge broke its 3 year downtrend, it pumped around 800% from the bear markets bottom to the top resistance. Xrp has made the same percentage of gains from the bottom of the 3 year bear market till now, handing around one of our last big zones to break. It took DOGE 147 days from breakout candle to top resistance high at .013. XRP is currently at its 147 day mark since breaking out of downtrend. It took Doge two weeks to pump the 540%. So in simpler terms, Xrp next stop $10, then $100. This is based solely on technical analysis and the fact that XRP has followed Doges moves and same percent gains in the past. Let the charts continue to show the future, its all you need.
A BACK test for the history books Are we still on track or is this the end? If I was trading I would be buying at this level - looks like we have back tested the .77 and holding nicely. The damage (as some expected) is done.
Backtesting is the general method for seeing how well a strategy or model would have done ex-post. Backtesting assesses the viability of a trading strategy by discovering how it would play out using historical data. If backtesting works, traders and analysts may have the confidence to employ it going forward.
Key Takeaways
Backtesting assesses the viability of a trading strategy or pricing model by discovering how it would have played out retrospectively using historical data.
The underlying theory is that any strategy that worked well in the past is likely to work well in the future, and conversely, any strategy that performed poorly in the past is likely to perform poorly in the future.
When testing an idea on historical data, it is beneficial to reserve a time period of historical data for testing purposes. If it is successful, testing it on alternate time periods or out-of-sample data can help confirm its potential viability.
Understanding Backtesting
Backtesting allows a trader to simulate a trading strategy using historical data to generate results and analyze risk and profitability before risking any actual capital.
A well-conducted backtest that yields positive results assures traders that the strategy is fundamentally sound and is likely to yield profits when implemented in reality. In contrast, a well-conducted backtest that yields suboptimal results will prompt traders to alter or reject the strategy.
Particularly complicated trading strategies, such as strategies implemented by automated trading systems, rely heavily on backtesting to prove their worth, as they are too arcane to evaluate otherwise.
As long as a trading idea can be quantified, it can be backtested. Some traders and investors may seek the expertise of a qualified programmer to develop the idea into a testable form. Typically, this involves a programmer coding the idea into the proprietary language hosted by the trading platform.
The programmer can incorporate user-defined input variables that allow the trader to "tweak" the system. An example of this would be in the simple moving average (SMA) crossover system. The trader would be able to input (or change) the lengths of the two moving averages used in the system. The trader could then backtest to determine which lengths of moving averages would have performed the best on the historical data.
The Ideal Backtesting Scenario
The ideal backtest chooses sample data from a relevant time period of a duration that reflects a variety of market conditions. In this way, one can better judge whether the results of the backtest represent a fluke or sound trading.
The historical data set must include a truly representative sample of stocks, including those of companies that eventually went bankrupt or were sold or liquidated. The alternative, including only data from historical stocks that are still around today, will produce artificially high returns in backtesting.
A backtest should consider all trading costs, however insignificant, as these can add up over the course of the backtesting period and drastically affect the appearance of a strategy’s profitability. Traders should ensure that their backtesting software accounts for these costs.
Out-of-sample testing and forward performance testing provide further confirmation regarding a system's effectiveness and can show a system's true colors before real cash is on the line. A strong correlation between backtesting, out-of-sample, and forward performance testing results is vital for determining the viability of a trading system.
HODL Tight XRP ARMY
XRP retesting supportRipple is retesting support at 0.6367 level. We can observe it to respect that price and bouncing of of it. This level represents top of triangle we were talking about in March this year.
On top of that XRP is forming a channel so there is a chance for nice pull back.
Ichimoku: Chikou under price, SS1 under SS2 plus we experienced massive drop below Kumo, retest and further fall.
Personally I took my chances and Bought at the retest and hoping for at least temporary growth. Hopefully Crypto will recover and we well have another move up.
XRP/USD retesting support before next moveCurrent fall of crypto market has brought XRP/USD pair to important support where we have to pay close attention .
Scenario 1. - price finds support at green box area and prepares for further upside movement closer to it's ATH price range.
Scenario 2. - price falls even more and we see another 50% drop .
For now I'm more biased for Scenario 1.
Good luck!
XRP / USD0.0079 KWh per transaction for XRP VS 707 KWh for Bitcoin
Bitcoin is too polluting. It is understood for Elon Musk and Tesla. The manufacturer is therefore exploring other cryptocurrencies with better energy efficiency. It could be Dogecoin, with which Musk has a privileged relationship.
However, another blockchain shows much better performance than others on this issue: Ripple and XRP. Investors are not unaware of it. The token gained 20% in the 2 days following the statements by the CEO of Tesla.
This is no small achievement in a plunging crypto market, driven by the fall in the value of Bitcoin. XRP gains have since been wiped out. However, the token resists better than the main cryptocurrencies.
Over 7 days, the price of XRP fell 2.47% and 5.28% over 24 hours to $ 1.45. XRP has indeed objective advantages to seduce Tesla. As TRG Datacenters notes, XRP consumes the least energy per transaction.
This consumption is evaluated at 0.0079 KWh per transaction. For comparison, this figure reaches 707 KWh for Bitcoin. Dogecoin, whose developers are benefiting from Musk's advice, also stands out at 0.12 KWh. Cardano also has a playing card with 0.5479 per transaction.
Nonetheless, it was XRP that took first place. However, the cryptocurrency and its issuer suffer from a serious handicap. The future of the token hangs in the balance of justice following the SEC complaint.
XRP's green advantage undermined by its lawsuit
The case is proceeding in court. A standoff is currently taking place between the regulator and Ripple. At the heart of this new different: the participation or not of XRP investors. They are 17,000 to claim to intervene in the trial as a third party.