Xrpusdtlong
Xrpusdt waiting for breakout or correction?Hi,
Xrpusdt already broke the descending channel now two entries are possible. If uptrend continues and breaks the resistance a good long position would be profitable but if market gets correction then it would have to come back to support after that it rises again.
Waiting for breakout!!!
What you guys think let me know in comments your ideas 💡
Not a financial advise but just posted my idea for knowledge 🙂
Have a nice day and try to like and follow me so that i can bring more interesting and knowledgeable ideas.
Have a nice day 😊
XRPUSDT Possible Buy Level PredictionHi folks! I hope all is well.
We all know that XRP will go to the moon in the long term, but what about the short-term?
Unfortunately, it looks like we will see the red pattern on the following days. Maybe until the end of April (short-term). But in this case (XRP), there are more than corrections, short-term investors (panic sells), bearish/bullish runs, tax news, etc. And also SEC. I know we all wish there will be a "win" against SEC; please don't skip the harmful scenario.
Like everyone mentioned, the price looks to go down to the support levels, which are $0.8x & $0.6x & and the bad news is $0.4x. And as I mentioned, the SEC court will be a decider in this scenario.
P.S: My upcoming buy levels set 40%, 30%, 30%, the buy levels I mentioned above.
Please feel free to let me and our community know your comments and expectations regarding this graph.
**NOT A FINANCIAL INVESTMENT ADVICE. CALCULATE YOUR OWN RISK.
[180%] XRP / USDT- We break the last resistance
What Is XRP ?
To begin with, it’s important to understand the difference between XRP, Ripple and RippleNet. XRP is the currency that runs on a digital payment platform called RippleNet, which is on top of a distributed ledger database called XRP Ledger. While RippleNet is run by a company called Ripple, the XRP Ledger is open-source and is not based on blockchain, but rather the previously mentioned distributed ledger database.
The RippleNet payment platform is a real-time gross settlement (RTGS) system that aims to enable instant monetary transactions globally. While XRP is the cryptocurrency native to the XRP Ledger, you can actually use any currency to transact on the platform.
While the idea behind the Ripple payment platform was first voiced in 2004 by Ryan Fugger, it wasn’t until Jed McCaleb and Chris Larson took over the project in 2012 that Ripple began to be built (at the time, it was also called OpenCoin).
Its about time! I've been holding XRP since November 2017 whilst continuing to buy more along the way. Its been extremely hard to keep the faith during its very long period of capitulation. It currently forms 2/3rd of my speculative portfolio which shows my high conviction but also the fact that i am overly exposed to this crypto asset.
I've always been focused on the utility of the token with the end game being institutional adoption. Right now Ripple may have lots of partners who have signed up but i don't think that we have even seen a drop in the ocean when it comes to institutional adoption. I'm hoping that XRP goes to $17 - $18 within the next 12 - 18 months, however, why wouldn't it go to $50 000 - $500 000 per token once there has been:
Large scale institutional adoption.
Regulatory clarity in the US.
Complete deployment of all the XRP that is held in escrow.
More decentralized validators secured around the world.
lastly a household change in sentiment around XRP and its use case. Its such a hated crypto asset at the moment.
It may take another 10 - 15 years before all theses points can be addressed, however, as long as it reaches those insane numbers, it doesn't matter if it taken 2 years or 15 years.
The trading signals suggest that XRP may be overbought and in need of a healthy correction. Having studied the trading signals of different cryptos during their parabolic bull runs, these signals can become fairly useless as large amounts of capital flow into the various crypto assets. when bull runs happen in cryptos you simply buy and hold. If the crypto token corrects after a meteoric rise, don't panic. look to the end game.
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Please note that cryptocurrencies are speculative assets which carry a very high degree of risk and any speculation in such assets can result in a complete loss of capital. This idea is shared for educational purposes only and should not result in speculative decisions in any digital asset.
Bullish move next?Following the previous analysis, I am now posting an analysis for the short term view.
We seem to have an inverse Head & shoulder pattern forming on the daily chart at the moment. Usually this is a bullish pattern that signals a trend reversal , especially when formed on longer time frames. On the MACD indicator we can also see a bullish divergence on the same time frame. Once the volumes will pick up, I would expect a breakout towards the $0.80 area had two attempts on being broken. I will not discount another re-test of the $0.44 - $0.46 area before take off once the inverse H&S completes.
Good luck!