$XRP Long PlayCRYPTOCAP:XRP is starting to curl on the 1H chart in addition to a bounce upward in the regression trend.
XRPUSD.P trade ideas
Expect breakout soonSleepy alligator on M chart. I expect upside breakout soon. Should happen this summer.
#XRP IS ABOUT TO STRIKE: BULLISH PENANT + 2K DAYS ACCUMULATION Positive news regarding #xrp will not drive the price up for now
Rumours that #RIPPLE Could Launch Its USD-Backed Stablecoin In June This Year #XRP and current positive FUD regarding XRP remind people about the coin potential
If this bull market has not been finished yet (and I think so) something really interesting may happen to the #XRP
Let me know in the comments what is your opinion if XRP will be able to break $2 in the next 3 months
XRP popping in late 2024 or sometime in 2025. The current flag XRP is in has taken six years, while the last flag was four years. Whenever this puppy pops, it will be pretty big, in my opinion.
XRP's Roadmap to Recovery: Opportunities, Risks, and ForecastXRP, the native digital currency of the Ripple payment protocol network, reached its pinnacle at $3.84 on January 4, 2018, marking an astonishing surge of nearly 40,000% over the preceding 12 months.
However, its current trading value hovers around $0.50. Much like several other smaller altcoins, XRP witnessed a wane in interest as escalating interest rates tempered the fervor in the cryptocurrency market. Additionally, it encountered formidable hurdles stemming from regulatory shifts and intensified competition within its ecosystem. Nevertheless, could XRP regain its momentum in the years ahead, potentially transforming a $10,000 investment into over $1 million?
In 2012, a startup initially known as Opencoin (later rebranded as Ripple Labs) introduced Ripple as a payment protocol network crafted to facilitate real-time gross payments, remittances, and currency exchanges. Operating on its blockchain-based ledger, the platform promised secure, immediate, and nearly cost-free global financial transactions of any scale without the risk of chargebacks.
Currently, financial institutions such as Travelex Bank, Tranglo, and Sentbe leverage Ripple's payment protocol network. However, the adoption of Ripple's XRP cryptocurrency for payments has not mirrored the levels witnessed with Bitcoin or Ether.
While Ripple was once hailed as an innovative payment processing solution, it now contends with robust competition from akin blockchain networks like Ethereum, renowned for hosting a broader spectrum of decentralized applications and tokens, and Solana, recognized for its swift transaction processing and reduced fees.
Meanwhile, in late 2020, the US Securities and Exchange Commission (SEC) lodged a lawsuit against Ripple and two executives, alleging the raising of $1.3 billion through an XRP token offering, deeming it an unlawful sale of unregistered securities.
Despite a US judge ruling last July that XRP tokens were not categorized as unregistered securities, prompting the SEC to retract its lawsuit against the executives, a conclusive trial between the SEC and Ripple commenced in late April. This trial is anticipated to extend over several more months before a definitive verdict is reached. The prevailing uncertainty is likely to present the most significant immediate challenge for XRP this year.
Furthermore, elevated interest rates pose another substantial impediment for XRP and most other cryptocurrencies in the foreseeable future. Earlier this year, numerous cryptocurrencies rallied as investors anticipated gradual interest rate reductions by the Federal Reserve. However, these aspirations were dampened by inflation reports exceeding expectations, casting a shadow over the cryptocurrency market's outlook.
Should XRP's value surge by 668% to reclaim its all-time high of $3.84, a $10,000 investment would yield $76,800. Projections from Digital Coin Price suggest XRP may revisit this peak by 2030. Conversely, Cryptonewsz.com holds a more optimistic stance, forecasting XRP to ascend to $9.81 by 2030, potentially transforming a $10,000 investment into over $196,000.
Nonetheless, for XRP to achieve millionaire-making returns from a $10,000 investment, it would necessitate a 100-fold increase. Even the most bullish forecasts fall short of this mark. Last June, crypto hedge fund manager Thomas Kralow predicted XRP's price would reach $30 by the conclusion of 2023. While this would have represented a remarkable 5,900% gain from $0.50 and translated into a $10,000 investment yielding $600,000, many skeptics questioned the feasibility of Kralow's projection. A $30 price target would elevate XRP's market capitalization to $3 trillion, surpassing the combined value of all other cryptocurrencies in the market.
Although XRP's price attained $0.64 by the close of 2023, it has since receded by approximately 20% this year. Investors remain apprehensive about unresolved regulatory concerns, macroeconomic headwinds, and its capacity to contend with newer blockchain networks like Ethereum and Solana.
Consequently, it appears improbable that XRP will furnish millionaire-making returns by the decade's end. Nevertheless, there exists potential for it to double, triple, or even quadruple in value if it secures a decisive legal triumph against the SEC and benefits from interest rate reductions by the Fed. In essence, XRP could still present promising long-term prospects for investors willing to endure the near-term volatility.
⚡ XRP AND A QUICK TA! ⚡⚡ Alright, we're gonna keep things quick and simple today.
⚡ In the last idea we identified what seemed to have been a new resistance trend line and that indeed has been the case, it's simple enough to spot the effect as a result, we've seen prices pushed down right to that low point at the start of May.
⚡ It's there that we see the horizontal levels did indeed put in the work, as we retested 0.485. Once we found support there bulls took a firm grip and we we're finally able to get that breakout above the resistance trendline and that with our 20/50 EMA helped us recapture the 200 EMA to explain ripple's price action in a short and simple fashion. We we're stuck below the resistance, then we hit rock bottom, support and pulled up achieving this breakout that's helped us get back up basically.
⚡ I've encircled two points at 0.534 and 0.5378 or 0.534 to round things up. 0.534 is going to be our current point of interest. Since we already had an attempt at 0.534 before failing to break above the resistance line that made it all the more challenging for us to continue once we hit it again for the second time ultimately failing to regain higher ground.
⚡ Bulls will have to break that in order to push higher so I'd set an alert there and for 0.526 since that seems to be our local support, price action could have us seeing a horizontal channel form as bears and bulls fight to keep above that 200 EMA, or below depending on which team your on of course. So keep an eye out for the 200 EMA line, that'll be the bearish confirmation if we fall below and bullish if we can manage to keep above and avoid seeing those 20/50 EMA lines flip.
⚡ One last note is the blue line, that's basically a support line we've identified, it's also the reason XRP avoided losing the 200 EMA on the 3rd of May when we bounced off that line so it's definitely important to note that with us now being below the line things are technically bearish but whether things actually play out bearish or not will depend on who wins over the next few days and if we keep below the line or can regain ground above it though it'll be a challenge of course, but then again. Nothing is impossible, this is crypto after all.
⚡ Said I'd keep this idea short and that's it, I'll be posting more over the week so feel free to leave a like and follow to keep tuned, I simply wanted to give a quick summary of things and an idea of what we're looking at currently. Either way as things stand, I'm sure thing will heat up over the next few weeks, haven't had much movement following Bitcoin's halving so I'm curious to see what could be in the works. Thanks as always, and best wishes and blessings till next!
~ Rock '
#XRP not a security! The path to $23 is being formed.XRP won it's case. Great for XRP and alot of altcoins (not all)
what we know from the case;
Programmatic sale on exchanges did't meed the third prong of the Howey test
Sales to users via exchange on a order-book OK. Sales through a ICO/IEO/Launchpad not so.
Bounties, Investments, grants paid in XRP - OK.
Overall a massive win for #Crypto
@TheCryptoSniper
#HVF
Is $1.3 attainable?, SEC dragging this for too long. XRP price have been suppressed for a while now. I wonder what will the excuse be when they decide to let it fly. Or is gonna be some victory news based on some lie agenda (SEC) case.
🤣Why private meetings, USA loves these hidden agendas. Where is another snow dem??
Maybe the US is done with its implementation of XRP. They always wanna be the super powers!
Road to $0.6.*We might gain back the sixty cents level...$0.65*
Shorts have been induced, more pain and anger to the retail investors.
XRP/USD Surges Above 1M PPHello Everyone,
XRP/USD is trending upwards, having firmly positioned itself above the 1-month pivot point (1M PP).
TradeWithTheTrend3344
XRP Hopeium Chart - (Just for fun)Admittedly i would love to see this play out.
There's obviously very mixed views on XRP and the SEC will try to drag this out as long as they can.
Long term i think XRP is a keeper. Like many blockchains they have a product. the difference compared to most is IT WORKS. which puts them in a good long term position once the SEC pulls their heads out of their asses
XRP ready for an alt seasonXRPUSD looks good and it's ready to participate in an alt season which may be around the corner.
The price has been respecting the key support but also has been getting rejected by the downsloping resistance.
Once we ge at successful breakout, it will pump hard.
Targets which we expect to be reached in 2024:
-1,58 $
- 1,96 $
How long it will take to reach these targets?
Well, most likely several months (6 -10 months)
Good luck
✴️ Alert/Important | XRP Market ConditionsMarket conditions are always changing, so we need to be flexible in order to be able to adapt to change.
XRP has been shaking... We had a bearish idea and yielded to commentators pressure (one great reason not to read comments) and went ahead to published a bullish idea; the chart was bullish at the time though. The bears came back and we published a new bearish trade idea... XRPUSD remains bearish .
The initial trade idea that was bearish still stands.
There is a very, very strong bearish potential on this chart. You don't know XRP.
The people behind it will fool you deeply if you start to "hope" and "believe."
I am speaking for traders at this point.
You can buy hold for profits on a rise, you can sell before the drop.
This thing is going down... It is better to get out and buy back lower and let the dream be a dream while we focus on our own personal success and growth.
Last week closed as a long-term lower high with a very long upper wick/shadow... This can lead to maybe 20, 25 or even 30 to 40% red.
It is better to be prepared.
I hope you find this information useful.
👉 This trade idea can be considered good timing if you decide to SHORT NOW!
Namaste.
XRP - Even w/April correction.. Structure still remains! Orange box on XRP was posted March 6 for everyone. After being patient, we finally hit orange box to the T shown here:
Remember – when “Dumb Money” (comments from link below) bashes on Crypto due to Emotions, that’s probably an indication that we are nearing bottom! Check out the “Dumb Money” comments from chart below! People were calling BTC trash and calling for another crash when we were at 17k. This shows the true “Capitulation Phase” of the cycle. Sad that they missed out.
When we hear “Bullish News event” on social media, or from television/radio, that’s probably the time to start de-risking. We do not want to be the 95% who gets rekt like in 2018 and 2021. We are here to make a profit, not be “Diamond Hands.”
Whales/elites will not miss any opportunities to make money. They simply buy the fear, hype up the market, take profit and crash it again after taking profit. Instead of beating then, lets ride with them! ;)
The majority got Rekt last year due to listening to the "Bullish" Narratives the media and Social Media Influencers were portraying last year! Stop listening to them and start paying attention to the technicals.
Before reading, get rid of your moonboy mentality and no emotions for dips/corrections! Cannot rule bearish scenarios! Dips are for buying!!
People are so focused on the hourly/daily timeframe that they get emotional on every dip! Take a step back to the weekly/monthly timeframe and see why I'm so bullish now. Stop looking at the short-term dips/rise. Short term is irrelevant for the move that is coming!
You can't be emotional in these markets (stocks, forex, crypto, real estate, etc.). You will lose this game following the news and doing what the majority does. News creates emotions. Everything you need to know is on the charts. News is manipulated by the elites, and they take advantage of our emotions. Stop listening to the news and pay more attention to the charts. Don't follow the majority, because the majority will lose in the end! Also, don't buy the hype when everyone is buying... instead buy the fear when everyone else is selling.
Everything is on the chart! Cryptocurrencies are on the verge of exploding higher. Dips/Corrections are normal and needed in a bull market and are buying opportunities! Huge gains opportunity in the coming months! Never trade blindly. Use multiple indicators to make calculated decisions. Trade with no emotions!
"If you can't beat the fear, do it scared!"
"Be fearful when others are greedy, and greedy when others are fearful!" - Warren Buffet.
"Markets are a device for transferring money from the impatient to the patient. - Warren Buffet
"Show me the charts, and I'll tell you the news." - Bernard Baruch
"The secret to investing/trading is figuring out how rich you want to be and how poor you're willing to become."
"If you want to live like the 5% of the population who are hugely successful, then don't act like the 95%!"
I think this is the absolute triangleBeen waiting since 2019. If nothing happens this year, I will happen.
XRP: Do yourself a favor1) Zoom in to compare this incredible exact same pattern.
2) Then ask yourself, when will your euphoria about a change in trend be the greatest?
Thats where the #rekt will happen and most hodlers be badly exposed. Right there in the red box after breaking trendline.
Both patterns represent a valid h&s with the recent one hitting its target right on point AFTER breaking down the neckline which is the ultimate requirement.
So this gives a Damokles sword as long as $0.75 is not surpassed.
I'd even say the orange box would be a no trade area because thats where it can go both ways and any trade within that area would be worst R:R
