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XRP @ $0.452 A Buying Opportunity?Ripple XRP Crypto Price Forecast – 7% Near Term Pullback to $0.452 A Buying Opportunity? - PLEASE GIVE ME A LIKE TO UP MY REP! 3 October 2022 XRP Price Levels XRP (Ripple) is now in the process of price consolidation following the late September pump which soared the price of XRP up to $0.55. After a short-term 25% pull back down to $0.41, XRP is now trading at a healthier looking $0.45. It is now imperative that XRP can hold the $0.41 support level to avoid further negative price action. Will XRP (Ripple) pump again soon? XRP is available on eToro. Cryptoassets are a highly volatile unregulated investment product. XRP (Ripple) Crypto Price Prediction October Over the last two weeks the price of XRP (Ripple) has exploded over 73% bringing a lot of attention towards the XRP ecosystem. Following the euphoric rush there has been a slight retracement, which is normal following large moves. XRP is currently forming a consolidation pattern known as a symmetrical triangle which could result in bullish continuation to the upside if the resistance trendline is broken through. XRP Symmetrical Triangle Pattern XRP/USDT – 4 Hour Time Frame. If XRP can gain enough bullish momentum to retest the resistance trendline of the symmetrical triangle ($0.489) there is a good chance we could see another swing high printed to the $0.512 resistance level. This pump would potentially return roughly 12.19%. The technical target following this move would be a retest of the previous swing high at $0.559, this is where a rejection took place as the bears took back control. Whilst there is certainly a good chance that we might see XRP (Ripple) continue to pump, the bearish scenario could always take place instead. Should XRP tumble back down to the support trendline ($0.442) of the symmetrical triangle there is a good chance we would see a swing-low down to $0.418 and then consequently $0.393. October is usually a very bullish month for the crypto markets in general. Once XRP gathers more bullish momentum we might see a retest of $0.51. The real challenge for XRP is breaking out to the upside of the macro-down trend that we are currently seeing across the blockchain markets. Time and time again, XRP continues to print a lower-high, which is quite bearish from a technical analysis point of view. XRP Crypto Downtrend XRP/USDT – Weekly Time Frame. $0.51 proves to be a strong level of resistance. The yellow resistance trendline above is also a vital area. If XRP does go parabolic at some point in 2022, we could expect a retest of this resistance trendline which would bring the price of XRP anywhere between $0.63-0.74. Upon zooming out on the price charts, XRP does seem like it is rather undervalued, not only is it being suppressed by the SEC but the crypto winter too making it difficult to see long-term bulls runs or uptrends for many bluechip cryptos and Bitcoin. In 2018 the market capital for XRP was an incredible $130 billion, this is quite a realistic market capital to recover towards by the next crypto bull run. XRP (Ripple) Video Analysis According to Coinmarketcap, XRP (Ripple) is ranked #6 versus other cryptocurrencies and is trading at $0.458 with a market capital of $22.8 billion. Whilst XRP might not have the potential to offer 100x anymore, holders may be able to book in a 5-10x by 2024-2025 following the next Bitcoin halvening. Alternative Crypto to XRP (Ripple) Crypto winters (or bear markets) are great for prospecting and researching the next potential 10x coin. Over the last few weeks we have recently analyzed Tamadoge which offered investors over 800% returns from the Beta sale price. Following this, Tamadoge went to public sale and has already been listed multiple CEXs/DEXs in the last week rising from $0.01 up to $0.092. The next hot crypto which is now in presale is known as IMPT Token and could replicate similar growth, parabolic traction, and returns to Tamadoge. Many crypto ICOs have performed really well during this crypto winter and by some might be considered a lucrative investment strategy or hedge against the mundane sideways action we are currently seeing from Bitcoin and Ethereum. Personally, I think IMPT Token really has a great ethical vision and is utilizing the power of blockchain to provide real world solutions and protect our future generations. Blockchain and crypto in general has a very bad reputation when it comes to carbon footprints and massive energy consumption. IMPT exists to be the solution to the negative narrative based around the superfluous energy consumption from cryptocurrency and enable secure exchanges of carbon credits. Already, IMPT has over 10,000 different brand partners for the carbon nullifying platform. Once you buy from any of the partners on the IMPT platform the brand distributes a portion of the profits of the total purchase quantity to one of their ‘highly impacting’ projects which are chosen by IMPT – the user also capitalizes rewards in IMPT tokens. With IMPT you can contribute to saving the world and reducing the carbon footprint globally whilst potentially securing more financial freedom by investing. Overall, IMPT connects users with thousands of impactful environment projects around the world with the purpose to reduce carbon emissions and help our planet.
Long
by Mitchellkennedy
1
Luna - will the buyer prove his point? Locally you can see the appearance of purchases on the instrument. There is a progress result and volume bursts on the buy bars. There is a possible test of the upper border of the Buy zone; if the test is successful, we can observe how the price behaves when resuming purchases. Then we monitor the resumption of movement and assess the strength of the buyer when approaching the sales area. If you liked the idea, please like it. That's the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy.
by Artem_Dishel
9
LUNA CLASSIC LUNC Dont Get too Excited About This Bounce! .00012Luna Classic is still in its corrective/consolidation phase. The bounce was just a hype bounce, with new lows coming. As you can see a very similar type of bounce happened with LUNA in the first run but then was followed by a slow downward bleed with wicks much lower along the way before the next run up. My downside targets have not changed. I still see .00013-.00014 playing out before any type of next rally, with wicks down to .00012-.00011. Dont keep falling for the hype while the whales take dumps on your face. You can burn 99.99999% of LUNA and it'll still be shit that no-one wants. I mean I don't see any real world use case for this other than to make money trading it kinda like POGS were back in the 90's. Anyone remember POGS or milk caps? Anyways just though Id throw some common sense back in the mix of all these moon boy Luna ideas on this damn thing and save some of you poor saps some money. This is not trading or financial advice this is just my opinion. Leave a comment below and tell me what you think. Thank you and good luck.
Short
by Bitgolder
15
LUNA TO HIT $5 in 2030??? thoughts? LUNA TO HIT $5 in 2030??? _ NOT MY INFO! - sharing for community. Please give me a like so I can "Up my rep" Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject. LUNA is the native cryptocurrency of the Terra system that was launched in 2019. TerraUSD was pegged to the LUNA coin so that it could maintain its price stability. Those familiar with the cryptocurrency industry are well aware of the collapse of the twin coins in May 2022 that led to the crypto-crash during Q2 2022. It was in 2018 that two South Korea-based techpreneurs, Do Kwon and Daniel Shin, founded Terraform Labs in Seoul. The two launched the Terra blockchain and introduced the UST stablecoin, pegged to the LUNA token in 2019. One of the most popular stablecoin projects, it was directed at delivering the benefits of price stability, wider currency adoption, decentralized anonymity and fast, affordable payments. However, the Terra ecosystem entirely collapsed in May 2022 and a fork was devised as per the Terra Ecosystem Revival Plan 2. A new version of Luna (LUNA) was launched, with the older one (LUNC) co-existing. Transactions on the Terra 2.0 blockchain are validated through the proof-of-stake (PoS) consensus mechanism. The leading cryptocurrency, Ethereum, has also transitioned from the proof-of-work to proof-of-stake mechanism that has only made the competition among PoS blockchains tougher. The network has 130 validators working at a given point of time. As a PoS platform, it is considered to be a very eco-friendly token. Why these projections matter? A stablecoin is intended to safeguard coin holders against the volatility of other cryptocurrencies. It is pegged to either a fiat currency such as USD or to a supporting cryptocurrency. Terra USD (UST) was pegged to Luna Classic (LUNC- then, only Luna). This is where the problem began. A cryptocurrency is in no way an equivalent to gold reserves. As UNA prices got destabilized, it adversely affected UST prices too, and the entire stablecoin system collapsed in May 2022. For a few initial years, LUNC kept performing well. And, it was even among the top 10 cryptocurrencies by market value by the end of 2021. But the Terra system collapsed in May 2022 leading to a fork. It, basically, launched a new version of Luna. The Terra Ecosystem Revival Plan 2 was implemented according to which both versions of the Luna token can exist. Undoubtedly, the future of this cryptocurrency is crucial in determining if a failed crypto can make a comeback and grow. Well, its performance after the May 2022 debacle has been, so far, less than celebratory. But if LUNC trades well in the future, it will be a cause of celebration not only for this particular cryptocurrency but for a lot of other cryptos. LUNC’s price, volume, and everything in between Since its launch in 2019, LUNC’s price kept floating around $0.2 and $1.3 until April 2021. When the crypto market boomed in mid-2021, its price began to increase. And, it nearly touched $100 by the end of the year. Starting from 2022, it kept oscillating between $50 and $100 and reached an all-time high (ATH) of $119.18 on 5 April 2022. The next month, its price began to fall and the Terra system collapsed in mid-May. Source: CoinMarketCap Bloomberg reported in May 2022 that the market lost approximately $45 billion within a week following the Terra collapse. Terraform Labs and its co-founder Do Kwon were fined $78.4 million in corporate and income tax by the Korean National Tax Service. On 25 May 2022, Bloomberg reported that the network launched a new version of the cryptocurrency, LUNA. The older crypto is now called Luna Classic (LUNC) and the newer one is called Luna 2.0 (LUNA). Though LUNC, the older cryptocurrency, has not been entirely replaced, a lot of users are moving to LUNA. It should be noted here that LUNC so far has not been performing well at all. The market capitalization of LUNC similarly reflects the market sentiment regarding the crypto. Throughout 2019-20, it didn’t even reach up to $500 million, but began increasing in 2021. Now, towards the beginning of February, it crossed the $1 billion mark. And, by the end of 2022, it was above $36 billion. LUNC’s journey kept moving upwards the next year too and in April 2022, it crossed $41 billion. But post the crash of May 2022, it has been oscillating between $300 million and $1.5 billion. South Korea is now seeking to revoke Kwon’s passport following which he might be forced to return to South Korea. A request has been passed to the nation’s Foreign Ministry to scrap the travel document, reported Bloomberg. An arrest warrant has already been issued against him and other members. Recently, Financial Times reported that South Korean prosecutors have reportedly asked Interpol to issue a Red Notice against Kwon. Kwon, however, tweeted that he is not on the run from any interested government agency and added that the company is in full cooperation and doesn’t have anything to hide. The crypto crisis that followed the collapse of the twin coins, Terra USD and Luna Classic, has adversely affected the entire crypto market. LUNC, in such circumstances, remains particularly vulnerable. LUNC’s 2025 predictions Before you read further, you should understand that predictions of different cryptocurrency platforms and analysts widely vary as different analysts rely on different sets of metrics to arrive at their conclusions. A good number of times, these predictions can go wildly wrong. Besides, nobody can foresee events such as the Chinese crypto ban or the Russia-Ukraine crisis. Let us now have a look at what different analysts have to say about the future of LUNC in 2025. Telegaon predicts that the minimum and maximum prices of LUNC in 2025 will be $0.0089 and $0.028, respectively. Other experts, after analyzing the previous performance of LUNC, predict that its average price in the said year will be $0.015. Coinpedia is, however, not so optimistic about the future of Luna Classic. It predicts that LUNC will be traded as high as $0.002846 and as low as $0.001094 in 2025. Its average price in the said year will be $0.001776. LUNC’s 2030 predictions Telegaon continues to remain optimistic about the future of LUNC in 2030 as well. It predicted that LUNC will be traded as high as $5.23 and as low as $1.93 in 2030, with its average price remaining at $3.11. On the other hand, Bitcoin Wisdom predicted that LUNC’s price will keep oscillating between $0.002603 and $0.002834 in 2030. Its average price in the said year will be $0.002719 as per the prediction. Disclaimer Now, it’s worth addressing the elephant in the room too. Pre and post-crash projections and opinions on the project have changed significantly over the last few months. This means that there is a lot of uncertainty around. For instance, back in March, Professor Carol Alexander, a member of Finder’s panel of experts, claimed, “… as its name implies, it could actually go to the moon (for a while).” On the contrary, there are others who believe, “There is a lot of uncertainty around LUNA right now –⁠ the project is really ambitious and the objective an admirable one but just what the effect on the LUNA token itself will be is unclear.” Conclusion So far, we have provided a succinct summary of LUNA Classic (LUNC). For those of you contemplating investing in cryptocurrency, we would like to reiterate that cryptocurrency predictions cannot be relied upon entirely. And, you should conduct your own research before making an investment in LUNC. The cryptocurrency market still remains very bearish and is likely to remain volatile for the next few months. A recent Bloomberg report says that an upcoming legislation would ban algorithmic stablecoins such as TerraUSD the collapse of which led to a global crypto crash. The said bill is currently being drafted in the U.S. House. The bill would make it illegal to develop or issue new “endogenously collateralized stablecoins.” We should also keep an eye on how the Terra community would adapt to the changes in technology and the market. It will determine if these developments will be successful in regaining investors’ trust.
Long
by Mitchellkennedy
7
new bullish wave has begun 💯🚀last chart from me today, please drop boost and follow for more 💙 after calling the bottom we saw a parabolic move, then I warned of consolidation/slight profit taking before next bull wave begins. now looks like the new wave is beggining, in past few days lunc broke my consolidation zone and local trend resistance. very bullish signs! all while on low volume, lets see what happens when some real volume comes in ;) hmm.. Goodluck traders, enjoy your sunday! see you soon with some more charts 🥶
Long
by Vibranium_Capital
21
LUNC - Bull Flag BreakoutAccording to our previous post, we pointed out wither a bull flag or strong rejection at our retest. We got a large pump above our resistance and a 4H close above our bull flag. Therefore, if you are looking to chance a long in case we get the near 80% move to the upside. I would look for your first support zone around 31 (0.618/65) or a retest of our 0.786 (around 3) to retest our old resistance and new support and the rip could truly begin. Again, LUNC is a very speculative play but based on TA patterns this could be an incredible trade.
Long
by VIAQUANT
LUNC - Both ScenariosBefore the analysis please understand LUNC is a very speculative play and highly risky as it has now become a "meme" coin. Be careful trading assets such as this. On the left side we see the bullish case scenario. It seems like we are forming a bull flag and the measured move would be a 78% pump upon breakout!!! On the right side we see a bearish scenario where the resistance we are currently fighting is very strong. If we fall from here we easily have an 8% drop which would be around the 274 level. This is also in confluence with the golden ratio. If we get above this red box and hold above, then the bull flag on the left would become even more powerful.
by VIAQUANT
6