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XRP - 6h. Buyers are preparing for the test of $0.46-0.48 After the last sharp drop in the XRP market, the mood of investors has deteriorated significantly. Buyers were unable to keep the range of $0.44-0.46 we wrote about in the previous idea : The price found support in the next range of $0.36-0.38 . So far, buyers have managed to slow down the decline and form consolidation with limit orders. However, for a new growth trend, buyers need to withstand a new blow in the range of $0.36-0.38, which is likely to happen. Keeping the XRP price above this range will open the way for buyers to $0.44-0.46 . Above $ 0.46, buyers will have a chance to continue to confidently increase the price of XRP. If we look at the chart of the XRPBTC pair, we see that the fall wave from February 1 corrected the previous wave of growth by 78.6% . Buyers carefully maintain this level. Therefore, the chances of XRP resurrection are still there. Losing the range of $0.36-0.38 will quickly lower the price of XRP to $0.31. ___________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
by P_S_trade
42
XRPUSD move lower to 0.31 then boomHi all, Please take time in reading my analysis. This is what I BELIEVE the market will play out with, a lot of fundamental data and a lot of different approaches are being made to this market place right now. I very rarely look into Coins however, I've just had my phone blow up with calls asking for advise etc lol So why not just publish this and hopefully get some new followers (Y) This is no way shape or form is financial advise, take at your own risk. Peace, love n respect peeps.
BITSTAMP:XRPUSD
by MoneyMaliks
8
XRP - Buy again at 35cOur updated chart after today's rise. As we had posted yesterday the rise was expected but a strong resistance at 52 cents has pulled the price back to 40cents and probably will go lower before testing support at 35 cents. NEWS: In a Friday filing, Ripple pushed back against the SEC’s allegations, which claim that the firm violated U.S. securities laws for over seven years by selling $1.3 billion worth of XRP tokens. “The functionality and liquidity of XRP are wholly incompatible with securities regulation. To require XRP’s registration as a security is to impair its main utility,” the response said. In a 93-page filing, Ripple responded to each of the SEC’s paragraphs. In its affirmative defenses, Ripple stated that XRP is not a security or investment contract, and the firm’s sales or distributions of XRP are likewise not investment contracts. “The Complaint mischaracterizes advice that Ripple received in 2012, from which a reasonable reader actually would have concluded that Ripple Credits (a past name for XRP) were not a security,” the filing adds a few paragraphs down. Ripple is also claiming that the SEC did not provide fair notice that its sales of XRP might be violating the law. In addition to filing its response, Ripple filed a Freedom of Information Act request for documents from the SEC on how it determined that bitcoin and ether, the top two cryptocurrencies by market capitalization, are not securities. reference: www.coindesk.com
BITSTAMP:XRPUSDLong
by FX_Professor
11
XRP/USD NEXT STOP $1.00 (HODL)Flare Network Crypto Airdrop(INFO) Flare Network $SPARK Crypto Airdrop: what you need to know - TECHNICAL ANALYSIS- FUNDAMENTAL ANALYSIS- NEWS- SIGNAL- PRICE ACTION Free Flare Network tokens known as Spark ($SPARK) are coming. They will be distributed by airdrop to those cryptoasset wallets holding $XRP – a cryptoasset native to the XRP Ledger created by US-based technology giant Ripple, Inc. – at 00:00 on 12 December 2020. Unfortunately – and controversially – not all wallets and exchanges are "supporting" the airdrop, i.e. owners of $XRP that hold their $XRP in those wallets or on those exchanges will not receive their much sought-after $SPARK. This article provides an introduction to Flare and $SPARK, lists some of the high profile exchanges that have confirmed their support for the airdrop, and provides some recommended steps if you are reading this article after the airdrop and want to understand your rights. Background – Flare Network's $SPARK $SPARK is the native cryptoasset of the Flare Network, a system intended to bring smart contract functionality to the XRP ecosystem, enabling trusted automation and efficiencies. Smart contracts have been a central part of the blockchain ecosystem since Ethereum's launch in 2014, and the MDRxTECH team have been engineering and auditing them for a number of years. Interestingly, Flare Network claims to be "the world's first Turing complete Federated Byzantine Agreement (FBA) network." This is an important development as, if implement properly, it will enable a new way of scaling smart contract platforms while decoupling security with the value of the token, i.e. it will no longer rely on economic incentives that can be distorted to maintain a robust system. This marks a step change from many of the major blockchain platforms including Bitcoin (using proof of work consensus) and Ethereum (now using proof of stake consensus). Which exchanges are supporting the airdrop? A large number of exchanges have announced that they are supporting the $SPARK airdrop, most recently including Coinbase. Others include Binance, Huobi, Kraken, Kucoin and Poloniex. +The Flare Network website includes a list of supporting exchanges + FEW EXAMPLES-----> Binance, BinanceUS, Coinbase, Bitstamp. Bitfinex, cryptowallet and many. more If you are reading this before the airdrop and hold your $XRP either in self custody or on an exchange that will not be supporting the airdrop, you need to act to ensure you receive $SPARK. There are many guides online setting out the required steps, but get in touch if you are unsure and require any assistance.Spark Airdrop What is the Spark airdrop? Spark is the native token of the Flare Network, designed to offer smart contract functionality to XRP, but on a separate blockchain. Will Coinbase support Flare Networks’ Spark airdrop? Yes, Coinbase will facilitate the future airdrop of Spark tokens to eligible Coinbase,Pro and Prime customers. No action will be required from you to receive Spark tokens if you are participating in the airdrop. Coinbase is yet to determine whether it will support the buying, selling or trading of Spark. In the event Coinbase does not support these features, any Spark held in your Coinbase account will be available to withdraw only. Who is eligible for the Spark airdrop? Coinbase, Pro and Prime customers in eligible regions holding XRP in their accounts on the snapshot date of December 12, 2020 at 00:00 UTC (December 11, 2020 at 4:00 PM PT) will be automatically qualified to participate in the airdrop at a later date. XRP Send/Receives will be paused 15 minutes prior to the snapshot and re-enabled shortly after. Trading XRP will not be affected. There is no minimum balance required. Coinbase Wallet app will not offer native support. If you’re a Wallet user, you won’t be able to claim Airdrop tokens through Coinbase Wallet. Coinbase Wallet users will instead have two options: You can use your 12 word recovery phrase on another wallet that does support the Spark airdrop. This method is less secure but you’ll be able to can claim for the full amount You can transfer to Coinbase, but wallets outside of Coinbase may require a minimum balance of 20 XRP. This means some amount will get left behind. What regions will support the Spark airdrop? At launch, we anticipate that Spark will be available in all regions with the exception of New York. Our decision to support any asset requires significant technical and compliance review and may be subject to regulatory approval in some regions. We therefore cannot guarantee whether or when the airdrop, buying, selling or trading of Spark will be available in any region. What if I have XRP in my Coinbase vault? Any XRP in your Coinbase vault will be included in the snapshot. How many Spark tokens will I receive? The amount of Spark you'll receive depends on how much XRP you have in your account at the snapshot time stated above. Coinbase intends to distribute this pro-rata to each user based on the number of Spark tokens Coinbase receives for all its users. For example, if you hold 1% of eligible XRP on our platform, you will receive 1% of airdropped Spark tokens to your Coinbase accounts that were holding XRP at the snapshot time. How do I get the airdropped Spark tokens? No action is required from XRP holders. You will get Spark from Coinbase at a later date after the Flare network launches. When will I get Spark tokens? You’ll receive Spark tokens from Coinbase at a later date after the Flare network launch. Do Custody clients need to move funds to Pro/Prime? No, Custody clients just need to email Client Services to indicate they would like to participate in the airdrop. Is there a minimum balance of XRP that Coinbase.com/Pro users need? No minimum balance is required. For further information on how Spark will be distributed to XRP holders, please refer to Flare Network’s announcement. Key Support Levels: $0.47500, $0.4600, $0.44500. Key Resistance Levels: $0.55, $0.68, $0.78, $0.86, $0.96,$1.00. Title: XRP/USD BUY LIMIT Asset: Crypto Symbol: XRP/USD Type: Buy Limit Time Frame: 1D Entry Price 1: 0.47500(PENDING) Entry Price 2: 0.45500 (PENDING) Stop Loss: 0.43500(400 pips) Take Profit 1: $0.55500 (800 Pips) Take Profit 2: $0.65500 (1800 Pips) Take Profit 3: $0.77500 (3000 Pips) Take Profit 4: $0.87500 (4000 Pips) Take Profit 5: $0.97500 (5000 Pips) Take Profit 6: $1.07500 (6000 Pips) Status: ACTIVE David Schwartz, the chief technical officer of the San Francisco-based blockchain company ripple has recently explained how much XRP he owns. Technically, because he owns such a mass sum, it makes him a whale in crypto terms. David Schwartz, the chief technical officer of the San Francisco-based blockchain company ripple has recently explained how much XRP he owns. Technically, because he owns such a mass sum, it makes him a whale in crypto terms. As one of the original developers and designers of the token and XRP Ledger, David revealed that he would leave his job when the price of the token reaches $1. David did not disclose the exact amount of the token that he owns however, he did say that it was less than 10 million and more than 1 million. As a result of his public tweet explaining his portfolio for the token, the community reacted and questioned why he had very little exposure to the token while other founders of the ledger such as Chris Larsen have billions of the token in their possession. The token for the San Francisco company has been performing quite mildly over the course of this year. Not much has happened in 2020 for the token but who knows what the future will hold. Many believe that 2021 will be the year for XRP but only time will tell. Earlier this year, David gave even more details on his cryptocurrency portfolio saying that he regretted dumping such huge amounts of bitcoin and ethereum for cheap at the time. However, he did explain that he did this as a part of a “derisking plan“ that he had contact with his wife.
BITFINEX:XRPUSDLong
by MavRich_Trading
4
XRP/USD BULL RUN (HODL) BULLS READY TO BREAK $1.00What Is RippleNet? Creating a New Global Payments Infrastructure The needs of individuals and businesses sending cross-border payments have dramatically evolved. These customers are now demanding real-time, low-cost and fully trackable payments on a global scale. Yet, today’s global payments infrastructure yields an experience that is slow, costly and opaque. Ripple solves these pain points through RippleNet, a network of banks, payment providers and others. Employing Ripple’s solutions and a standardized ruleset allows for those connected on RippleNet to efficiently send and receive payments around the world. Benefits of RippleNet Access- Gain a single point of access into a global network of institutions using standard rules, formats and governance. Speed- Route payments efficiently and leverage instant settlement to transact in seconds, instead of days. Certainty- Maximize end-to-end visibility of fees, delivery time, status and customer information through a bidirectional messenger API. Cost- Reduce total payment costs by minimizing capital requirements and lowering processing costs. Access a Global Standard Current global payments systems are outdated, irregular and fragmented. As a result, banks, payment providers and others working with new partners in foreign markets create bespoke connections that are often cumbersome and costly. RippleNet avoids these issues by creating technical and operational standardization at the global level. The RippleNet Rulebook provides the operational standardization. The Rulebook is a legal framework about the rights, obligations and business rules of network participants. RippleNet’s standardized technology infrastructure complements the Rulebook. RippleNet utilizes a single and decentralized infrastructure across the entire network, eliminating the need for custom integration work. Together, the Rulebook and technology infrastructure create global consistency, making it easy for RippleNet customers to transact with new partners. Speed Up Payments In an age where emails can travel around the world in seconds, it’s unacceptable that payments often take days to reach their destination. On RippleNet, payments reach their destination immediately, thanks to pathfinding and instant settlement. RippleNet’s pathfinding capability ensures that payments are routed from the originator to the beneficiary in the most efficient way possible. Once a route has been selected, payments settle instantly. This is achieved by securing all transaction legs with a single pass-fail outcome, regardless of the number of transacting parties involved, prior to payments being sent. Increase Payment Certainty All too often payments reach their final destination and the amount received is less than expected, which can be devastating for families and businesses relying on that money. The issues lie with legacy messaging systems that make it difficult to see transaction fees prior to a payment being initiated. RippleNet ensures payment certainty with instant bidirectional messaging through a messenger API. RippleNet’s messenger API enables financial institutions to exchange information on know your customer (KYC) requirements, fees, FX rates, payment details and the expected delivery time of funds, providing unprecedented visibility into the total cost of the transaction. As a consequence, all transacting parties are aware of associated costs, and hence, the amount the beneficiary will receive. Lower Costs Existing payment networks depend on intensive capital requirements in the form of nostro account funding, a cost that currently ties up trillions of dollars globally. RippleNet makes accessing on-demand liquidity easy, lowering capital costs. Additionally, RippleNet’s standardized connectivity and rich data APIs allow for lower processing costs. For those customers who choose it, on-demand liquidity using digital assets eliminates the need to pre-fund foreign accounts. To enable this, the originating currency is converted to XRP on a domestic digital asset exchange, sent across the XRP Ledger, and then converted back to fiat at an exchange in the destination country – all in an instant How to Join RippleNet All participants on RippleNet connect through Ripple’s standardized technology, enabling them to message and settle their transactions with increased speed, transparency and low-cost across RippleNet’s global network of banks, payment providers and other institutions. There are two ways to access RippleNet. Standard Access Seamlessly initiate a payment to any entity on RippleNet with a standardized interface through xVia Easily send payments through RippleNet with standard API connectivity Reduce reconciliation issues by including rich payment data Receive guaranteed transaction fees prior to sending a payment Gain end-to-end transparency into payment status Remove risk with real-time settlement Full Access Process frictionless payments on RippleNet for your own institution or others through xCurrent Contribute to a single rulebook, enabling a standardized payments network Easily send and receive payments through RippleNet with standard API connectivity Send and receive rich information with any payment Receive and provide guaranteed transaction fees, and provide FX liquidity for payments Gain end-to-end transparency into payment status Remove risk with real-time settlement Access On-demand Liquidity with Digital Assets Both access levels have the ability to settle transactions instantly through XRP, a digital asset, used in Ripple’s xRapid product. Eliminate pre-funding in foreign accounts and send payments 24/7 using XRP. About Ripple Ripple provides one frictionless experience to send money globally using the power of blockchain technology. By joining Ripple’s growing, global network, financial institutions can process their customers’ payments anywhere in the world instantly, reliably and cost-effectively. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. Globally recognized venture capital firms and strategic partners invest in Ripple. Our Customers -Banks -Banks join RippleNet to offer a differentiated experience to their customers and capture new revenue opportunities. -Payment Providers -Payment providers join RippleNet to accelerate their time to market in new corners of the world. Others -Financial software providers, mobile wallets and others leverage RippleNet to enhance their cross-border payment breadth and depth. Key Support Levels: $0.50, $0.47500, $0.45. Key Resistance Levels: $0.68, $0.78, $0.89, $1.08
POLONIEX:XRPUSDLong
by MavRich_Trading
4
XRP/USD BULL RUN (HODL) XRP/USD – Bullish Explosion Leads To 17 Month Highs Key Support Levels: $0.4, $0.388, $0.378. Key Resistance Levels: $0.48, $0.68, $1.00. Today, XRP surprised everyone as it exploded by a powerful 32.5%. The cryptocurrency started the day at $0.33 as it started to push higher to reach as high as $0.44. It has since dropped slightly to trade at $0.413. The cryptocurrency had been showing signs all month that it was ready to start a bull run, but nobody could have guessed this type of price explosion was incoming. The coin had broken out of a symmetrical triangle pattern at the start of the month as it started to push higher. XRP went on to reach $0.3 by mid-week and stalled here for a few days until it broke the resistance yesterday to reach $0.33. XRP-USD Short Term Price Prediction Looking ahead, if the buyers can continue this epic bullish push, the first two levels of resistance are found at $0.42 and $0.44. Above this, resistance lies at $0.457 (bearish .786 Fib), $0.48, $0.486 (1.272 Fib Extension), and $0.5. On the other side, if the sellers push lower, the first level of support lies at $0.4. Beneath this, support lies at $0.388 (.236 Fib), $0.378, $0.36 (.382 Fib), and $0.35 (2020 High). As expected, both the RSI and Stochastic RSI are extremely overbought with such a powerful push in one day.
BITSTAMP:XRPUSDLong
by MavRich_Trading
4