10 Billion dollars in 3 weeksOver the past three weeks, XRP has witnessed a remarkable surge, propelling its market capitalization by an impressive $10 billion. This substantial growth is consistent with the annual ascending trend we've been closely monitoring. Our ongoing analysis has been pointing towards a target price of $1 or more by the end of the third quarter of the year.
The recent surge in market capitalization reflects renewed investor confidence and a growing interest in XRP as a digital asset. As we've observed, this cryptocurrency has been on an upward trajectory, bolstered by various factors such as increased adoption, positive sentiment, and favorable market conditions.
This optimistic outlook for XRP is in line with our previous discussions and analysis, where we've highlighted the potential for this digital asset to perform well in the coming months. The target of $1 or above by the end of Q3 remains a key milestone, and we will continue to closely monitor market developments, news, and events that may impact this projection.
It's worth noting that the cryptocurrency market can be highly volatile, and price predictions are subject to change based on various factors. However, the current trajectory of XRP suggests that it is well-positioned to meet or even surpass the $1 milestone by the end of the third quarter, which is an exciting prospect for investors and enthusiasts alike.
XRP trade ideas
XRP 🌧️ In One Week? Cloudy weather with some sun lies ahead for the overall global crypto market in the next 24 hours. This translates into a slightly bearish market with downside risk. However, Ether trades in sunnier conditions, indicating potential upside. ☀️
Over a one-week horizon, the forecast is mixed with sunny trading conditions ☀️ for both major cryptocurrencies – Bitcoin and Ether, as well as Binance. Other altcoins such as XRP, Litecoin, and Cardano face 🌧️ rainy if not stormy trading conditions, signaling a bear market with a possible downward trend.
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Ripple, July’s top moverXRP, the cryptocurrency issued by Ripple had the biggest move in July, by more than +42% increase. Following the court decision in favor of Ripple in the lawsuit against the SEC the cryptocurrency saw immense boost in its price pushing it past $0,80. This is the first industry win against the SEC, and sets the precedent for other crypto assets, tokens and securities regulation in the United States.
On the technical side the massive spike in volatility is currently followed by a cooldown period and this is why we see a sideway movement on the daily chart of the coin. Currently the faster moving average is trading well above the slower one indicating that the overall bullish trend is still valid while the Stochastic oscillator is recording extreme oversold levels further supporting the narrative of potential buying power still able to move the price to the upside.
The levels of $0.65900 & $0.76 are what is considered the technical support and resistance areas respectively since they consist of the 50% and 23.6% of the daily Fibonacci retracement levels
Overview: XRP MARKETCAPThis is an updated chart, visualizing the XRP Marketcap in a bigger picture.
It's a great way too remind yourself that we are in a bullish market, even though this year
hasn't been too exciting (so far).
From a technical perspective, the XRP marketcap is moving in a big symmetrical triangle/bull flag after the surge in price in 2017.
There seems to be more regulatory clarity, which leads to more institutional investors/users joining Ripple.
A breakout and a continuation of the aggressive upwards trend aligns with a possible bullish Q4 2023/ Q1 2024 and the upcoming Bitcoin Halving.
Please Boost this idea if you like it. This will help the algorithm and motivates me to push more educational videos for you :)
Cheers,
Ares
XRP Futures Contract Open Interest Tops $1.1 BillionOpen interest in XRP futures contracts crossed the $1.1 billion mark in the past 24 hours, surpassing the $1 billion hit last week and marking a new high for the year. Open interest, or the number of futures contracts that haven't been settled, has risen 21% since Tuesday. The majority of these positions, worth $443 million, are held by cryptocurrency exchange Binance, followed by Bitget, worth $250 million.
Can XRP reach $35+The top chart shows XRP market cap whereas the bottom chart shows XRP/USDT.
According to the trend analysis of XRP market cap, its highly likely that the peak will be somewhere around $1.3 TRILLION if flippening happens (overtaking BTC as the biggest crypto by market cap at the peak of the cycle).
Last flippening happened during 1st Jan 2018 when XRP became Rank 1 by market cap.
$35 derived from the percentage gain of the market cap sounds hypothetical because billions of XRPs are being released from escrow account to increase the supply, which is controlled by consensus.
In such scenarios the best possible thing to do is to observe the market cap.
Once market cap reaches $1.3 Trillion or 1.618 blue line of the fib channel, you can exit.
These are just my views on XRP token.
In the above statements, the term "market cap" refers to XRP market cap only.
Do your own due diligence before taking any action.
What is your target on XRP?
Do share your views as well.
Peace!!
Ninja Talks EP 11: BBQ TalkSince it's summer and the BBQS are out, it got me reminiscing about old times.
I used to tell people I was a trader, before I was even profitable.
Do I recommend this?
Nah not really no.
(1) It puts tremendous pressure on yourself to do what you say.
That pressure makes you rush, push and bully your risk into a brawl of epic proportions.
(2) Most people don't believe you and actual traders ALSO don't believe you.
However, if you're a super stubborn half autistic savant who dedicates their life to this and has no shame on the unlimited effort they're putting into this skill set, then we'll...shout it to the roof tops.
Muhammad Ali told people he was the greatest before everyone else even heard it - Floyd Mayweather - Conor McGregor etc the same thing.
Is it some spartan-esque teen thrown into the wild right of passage scenario?
Absolutely not.
But respect to those that choose that path.
Full transparency: I did.
That's all for today's ep!
P.S. As far as Ripples analysis, SEC will probably be positive news, thus making Bambi traders (both old and new) buy buy buy, which will be great for whales to exit their losing positions.
I know that will lose me followers, but the truth hurts and I don't need your money like other gurus.
Hope this helps Ninjas!
Keep your blades sharp.
Nick
IN XRP WE TRUSTWith the Federal Reserve potentially reaching it's peak in their rate tighening cycle, the USD is no longer as attrative and investors are now looking to flock towards riskier/higher yielding assets. This could bring some flows into the crypto market and have XRP reach some new yearly highs... #XRP
My Personal XRP Overview I use this chart to remind myself of where we are and where we are heading. Zooming out (almost) always feels fantastic!
With the upcoming ISO 20022 adaption through Swift as well as a possible settlement/decision for the Ripple vs. SEC case,
we might see a very strong pump throughout 2023.
Let's see!
XRP Market capHello traders,
Today, we're going to take a look at XRP's market cap, which currently stands at 22.7119b.
Resistance for XRP currently stands at 23.092b, which could present a significant hurdle for the cryptocurrency to overcome. However, the 20-day moving average (MA) is currently sitting at 22.187b, which could provide some support.
The 200-day MA for XRP is at 22.123b, while the 100-day MA is at 21.844b. These levels could also provide support if XRP experiences any further downside.
Furthermore, there's a CME gap, coupled with an RSI-SMA reading of 21.836b. The 50-day MA also sits at 21.836b, which could act as a significant support level for XRP.
Looking at the downside, XRP has support at 21.791b, which could limit any potential losses.
In terms of momentum indicators, the MACD is currently at 403.515m, with the signal at 256m and the histogram at 147.69m. This suggests that there could be some bullish momentum building for XRP.
Overall, XRP's market cap is currently at a critical juncture. With resistance at 23.092b and support at 21.791b, traders should exercise caution and monitor the price action closely. If XRP can break through resistance, it could signal further bullish momentum, while a break below support could indicate further downside potential.
Real World Traders: Why XRP is doomedThe future of XRP and its holders is uncertain and subject to a number of risks and challenges. Some of the reasons why some people believe that XRP holders may be in a difficult situation include:
Legal action: The SEC has alleged that XRP is a security and not a currency, and has taken legal action against Ripple, the company behind XRP. The outcome of this case could have significant implications for XRP and its holders.
Market volatility: Like all cryptocurrencies, XRP is subject to significant price swings, which can impact the value of an investment.
Regulatory uncertainty: The regulatory environment for cryptocurrencies is rapidly evolving and unclear, and it is possible that new laws or regulations could negatively impact XRP.
Competition: The cryptocurrency market is highly competitive, and XRP faces competition from other cryptocurrencies with similar features and use cases.
Lack of adoption: Cryptocurrencies, including XRP, have not yet been widely adopted, and it is uncertain if or when they will become widely accepted as a form of payment or investment.
These are some of the reasons why some people believe that XRP holders may be in a difficult situation, but it's important to note that this is not a definitive list and that the future of XRP is subject to many uncertainties and variables.
XRP PredictionThis is only simulation what will happend for the XRP due to the bull season will be start on this year.
Most of the FIAT money will be failed some of them will undergoes to recession and will take more than 4 years to recover on 21 country will be selected to a bottom on the chain.
This idea might be bullshit, and this idea might be something else.
If you guys is surviving during that time, Kindly reply back to this idea, and just think this simulation.
See you in year 2031. 7 years from now.
Sincerely, 34CM5