XRP in descending broadening wedge forming a trianglethere is a triangle forming in the descending wedge, looking at closing below .88c to make a move to the mid to low 70s. This would touch the bottom of the wedge and the 4hr 50 ema, it would also be around a 40% correction, this would create the next leg up past the 1.10 mark.
This is just my opinion please don't take this as trading advice its just what I see the for xrp's future.
Otherwise it breaks the wedge and continues up past 1.10, this is a bullish pattern after all
Bullish after this move either way :)
XRPUSDTPERP
XRP 1D Good growth, time for correctionOver the past two months, we have published two ideas on Ripple
First, there was a global idea, which now reaches the global goal with a result of + 250-300%
And two weeks ago, they published a short-term idea of XRPUSD, which fully worked out.
Well, it's time to take profits.
Broadly speaking, XRPUSDT longs will be fixed in the $1.10-1.25 zone.
If you want to take risks and have the opportunity to follow from price, then you should carefully monitor the behavior of the XRPUSDT price in the zone of $1.20-1.25
It's time for such a strong growth to be corrected, and the best level for correcting the XRPUSD price will be $0.72-0.74
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XRP: Makaveli🦍& the Awoken XRP Bulls Weekly on Target of $1.5..I see the XRP Bulls Have finally opened their sleeping eyes...Is it time for the Pump or are you late for the party ride?
Welcome to this analysis with the real Gorilla🦍trader and XRP Bulls
XRP has seen its own share of frustrations, delays and never ending obstacles that completely swept the bulls off to a deep sleep that left everyone calling this beautiful coin a shitcoin 💩
But I must warn you, if you have been shorting this coin and having fun, this is your last chance and warning from XRP Bull force command, Things are about to start changing rapidly especially now that BTC is stuck and getting weak by the mint, Altcoins like XRP will raise from the ashes to wow both the sellers and haters alike.
Heads up on the Sec and XRP case Wahala....According to Blockchain.news, the court has set july 2, 2021 as the deadline for the initial discovery phase, however it also stated that this may be changed if Ripple and the SEC agree on the settlement. This discovery phase is basically according to them the initial request for the production of documents, where evidence presented by either parties for the case is made known before trial begins.
*Documents are supposed to be presented by March 31,
*Interrogatories are due on June 4,
*Completion of depositions are request of admissions by July 2
*Discovery of experts reports are to be delivered by August 2.
But after the Latest SEC hearing last friday March 19, The U.S SEC Lawyers stated that exchanges won't be violating any securities law upon relisting the XRP cryptocurrency according to Coingape.
BUT WHAT DOES ALL THESE MEAN FOR THIS SEXY JUST AWOKEN BULL ON XRP?
A closer look at the chart, I see xrp bulls fight is taken up to the sellers line and we all know that the more a resistance is hit the likely the chance increase that it will break sooner than later.
XRP is up that sleeves for real, hitting the new resistance at 0.7 to 0.85 is likely to break on this next attempt after which we could be seeing a retest of this breakout before the pump continues.
Keep at the back of your mind that we have have another resistance at $1.2 to 1.5 so even if we might see a parabolic move coming we still do have existing Resistance so your patience will be needed as XRP bulls journey to freedom with you of course the beautiful hodlers who never stopped believing, You days of catching the bag is finally smelling too strong to ignore.
To catch this bag Big, I am running my show on the Daily and Weekly chart as this pump is about to last up a month or so so make sure you hold your positions tight.
Get ready, Its not too late to get in for the upcoming ride I have been screaming since January of XRP beating $1. This shitcoinis about to be so sexy 😍 the haters will beg to have a taste of her says MAkaveli.
TAKE NOTE:
If you haven't bought yet we have good support for pullback to jump in from the support area of 0.52 to 0.54
Here are the target resistance to watch out for taking profit area
*0.79 to 0.84
*1.2 to 1.5
*1.8 to 2.5
THIS IS NO FINANCIAL ADVICE, please do your own homework and leave me a comment below what your thoughts on XRP. Like, Subscribe and Share to support me, Thanks in Advance.
Happy Trading
$XRP - UK say it isn't a security!!! Get inUK Treasury has came out and said that XRP is not a security and it came under another brand of asset, 'unregulated tokens'
"In December 2020, the U.S. regulator filed a lawsuit against Ripple, which alleges that its ongoing XRP token sales constitute an unregistered securities offering worth $1.38 billion."
"Meanwhile, Ripple CEO Brad Garlinghouse insists that XRP is not a security even by U.S. standards." - (CryptoBriefing)
So XRP is unlikely to be called a security now but the continued scam selling completed by the CEOs is probably now the issue as this isn't allowed with stocks/securities, but this is a crypto not a stock or a security so it's still up in the air
However chart looks pretty good to me
This downside move looks very forced, with SL hunts taking place below 2019 High
If this is a short lived move it will be classed as a deviation from the top range which is above the 2019 high
If so a breakout play from a descending triangle looks likely with a push back to 0.62 on the cards
However we need BTC strength/ranging for this which is skeptical. It seems people are rotating into BTC out of alts, BTC dominance up, but BTC price isn't rising with it which got me a bit spooked
XRP plays from the SL hunt levels could be very nice if we get BTC strength!
Short XRP, tight stopTargets:
0.5580
0.5454 (should it occur)
Leaving small amount on the table if it runs deep
Stop: ~>=0.591
Reasoning:
High funding
VPR showing curved top
Felt like it
Notes:
Should be actively monitored, I don't trust trailing stops
I will not be actively monitoring this trade
Picture for clarity if the main chart isn't scaled correctly
Zoomed out to 2hr chart
Check out the monthly candles, not something you see everyday
🆓Ripple/USDT Analysis (5/2) #XRP $XRPThe buying force is coming back to XRP and it will pump strongly to its important zones at 0.6$ and 0.75$ in this Feb or even higher in March
📅NEWS
👉Former SEC Official Says There’s a Good Chance Agency Loses Its Case Against Ripple and XRP
📈BUY
-Buy: 0.38-0.40$.SL B
📉SELL
-Sell: 0.57-0.60$. SL A
-Sell: 0.72-0.75$. SL A
♻️BACK-UP
-Sell: 0.38-0.40$ if B. SL A
-Buy: 0.285-0.30$. SL B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
XRP - These moves aren't ripples, they're tsunamisIf you like to trade internet beans, then you already know about the SEC suing Ripple for selling unregistered securities.
If you like high volatility, then you probably trade XRPUSD. I present to you: a short setup.
The Binance indicator isn't always so easy, I believe it's because of the regulatory scrutiny that makes larger players uninterested, and those who are already long interested in exiting their position.
Target is a double bottom for a -25% move down, which is realistic for the current range. Stop is ~$0.31; if direction were to flip bullish the high volatility would make a wider stop needlessly increase loss.
A note on long term price prediction: Japanese company SBI has invested heavily in $XRP, and $XRP does not face the same issues that it does in the U.S. I don't expect this coin to die and it'd be nice to see what's to come in the future for cryptocurrency being utilized not for speculation or defense against inflation.
✳️Ripple/USDT Analysis (18/12) #XRP $XRPXRP is being rejected continuously at 0.6$ zone, the selling force has returned and created a false break. This could start an upcoming downtrend for XRP.
The heading targets are at 0.5$, 0.45$ and even below 0.35$ for the next week.
However, if XRP conquers 0.6$ zone, it will continue to move up to the 0.8$ zone
📈BUY
-Buy: 0.5-0.52$ if A.SL B
-Buy: 0.44-0.46$ if A. SL B
-Buy: 0.32-0.34$ if A. SL B
📉SELL
-Sell: 0.5-0.52$ if B. SL A
-Sell: 0.44-0.46$ if B. SL A
♻️BACK-UP
-Buy: 0.6-0.63$ if A. SL B
-Sell: 0.76-0.8$. SL A
❓Details
Condition A : "If 8H candle closes ABOVE this zone"
Condition B : "If 8H candle closes BELOW this zone"
✳️Ripple/USDT (28/11) #XRP $XRPXRP is in a clear downtrend and will remain falling in the coming days, the closest support is at 0.45$ but I think this zone is still too risky to buy so we need to be careful if XRP continues to fall. .
Only when XRP conquers the 0.55-0.57$ zone, will XRP rise back to the 0.7$ or even 0.8$ zone.
📈BUY- LONG
-Buy: 0.44-0.46$.SL B
-Buy: 0.32-0.34$. SL B
📉SELL-SHORT
-Sell: 0.55-0.57$. SL A
-Sell: 0.44-0.46$ if B. SL A
♻️BACK-UP
-Buy: 0.55-0.57$ if A. SL B
-Sell: 0.68-0.7$. SL A
-Buy: 0.68-0.7$ if A. SL B
-Sell: 0.78-0.8$. SL A
❓Details
Condition A : "If 8H candle closes ABOVE this zone"
Condition B : "If 8H candle closes BELOW this zone"
RIPPLE (XRPUSD) - Precondition:
Stopping volume.
The trend is globally rising.
The mirror level shows a big player. A large volume is thrown on defense.
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XRPUSDT - Break out trend linePrecondition:
Break out trend line
R/R - 1/3
Global trend up
Local trend up
You will learn the best place where we can trade this instrument at low risk.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
XRPUSD: Possible Long| Alt Short (08.12.2020)On H4, XRP price fluctuates into the corrective model of the triangle. Besides, there is a convergence bull model between RSI and price.
On H1, the price is correcting downward, reaching the key support levels by Fibonacci. Also, the RSI has reached the oversold level, signalling the possible end of the correction.
We recommend buying XRP (to keep the position above $ 0.8). However, we also recommend paying attention to an alternative scenario, which implies the formation of a false trend pattern and the start of a price decline to $ 0.4.