SEC vs. $XRP - A price action timeline (March 19th)
Price of XRP in relation to news about SEC lawsuit.
In this chart I will be plotting some of the major news stories regarding the SEC lawsuit against Ripple in hopes of getting a better understanding of how this lawsuits affects the price in the long run. I'm aware that there's more news concerning Ripple (
XRP) outside of the SEC lawsuit and I'll try to add those articles that caused major price action, but for the time being I think it'll be more clear to stick to SEC vs. Ripple news. I will be expanding this idea whenever major news regarding the SEC vs. Ripple lawsuit is available.
📈Technicals
Fibonacci: XRP is trading just under the 0.5 retracement level.
RSI: Moving sideways at 52.52
MACD: Crossed over yesterday on the daily chart, closing above today will confirm cross-over.
Key S/R levels:
▶Current Patterns
XRP price is currently in the middle of a symmetrical triangle nearing the apex (converging on March 28th).
Breakout price movement = (triangle top)-(triangle bottom) = 0.65028 - 0.36500 = 0.28528
Breakout TP : ~0.4610 + 0.28528 = 0.74628
Breakdown TP : ~0.4610 - 0.28528 = 0.17572 [slightly unrealistic seen the recent support levels]
📰Latest top stories:
Ripple vs. SEC court grants motions to dismiss and strike sets schedule.
Ripple expands in asia despite SEC lawsuit increasing odds for a 60% breakout.
Judge declines xrp investors attempt to become third party defendants in SEC case.
💖💖 If this chart gave you some insights or saved you some time, please consider donating. 💖💖
XRP: rHeyDwwhfHmAeg44gHeKNTRam8KLBQnqdy
ADA: addr1qxfrnkcp76re8apqs08r4de0563pajlsrj3yzq4f57nwmusd22psc2da45vkhn2apttaz89ym6rkchprur238k43xl5sldhkw8
DOGE: DKdp5cRSJi5DEkfxJai48GigZPFtBk8vK2
WINk: TVbwZzvxg7ozrAs4jT2FHpshGwMHxvGnoF
(Keeping this chart updated requires a lot of research, work and coffee. If you spot any news I've missed, feel free to DM me or comment below)
❗Disclaimer❗
I am no financial advisor, I merely maintain this chart for my private - and for the public - education and entertainment.
Do not take any of this as financial advice and always DO YOUR OWN RESEARCH.
In this chart I will be plotting some of the major news stories regarding the SEC lawsuit against Ripple in hopes of getting a better understanding of how this lawsuits affects the price in the long run. I'm aware that there's more news concerning Ripple (
XRP) outside of the SEC lawsuit and I'll try to add those articles that caused major price action, but for the time being I think it'll be more clear to stick to SEC vs. Ripple news. I will be expanding this idea whenever major news regarding the SEC vs. Ripple lawsuit is available.📈Technicals
Fibonacci: XRP is trading just under the 0.5 retracement level.
RSI: Moving sideways at 52.52
MACD: Crossed over yesterday on the daily chart, closing above today will confirm cross-over.
Key S/R levels:
- 0.52155 - Strong resistance (0.618 fib)
- 0.48719 - Nearest resistance (0.500 fib)
- 0.44312 - Nearest support (long term trendline)
- 0.41830 - Stronger support (0.236 fib)
- 0.36500 - Lower support (0.000 fib)
▶Current Patterns
XRP price is currently in the middle of a symmetrical triangle nearing the apex (converging on March 28th).
Breakout price movement = (triangle top)-(triangle bottom) = 0.65028 - 0.36500 = 0.28528
Breakout TP : ~0.4610 + 0.28528 = 0.74628
Breakdown TP : ~0.4610 - 0.28528 = 0.17572 [slightly unrealistic seen the recent support levels]
📰Latest top stories:
Ripple vs. SEC court grants motions to dismiss and strike sets schedule.
Ripple expands in asia despite SEC lawsuit increasing odds for a 60% breakout.
Judge declines xrp investors attempt to become third party defendants in SEC case.
💖💖 If this chart gave you some insights or saved you some time, please consider donating. 💖💖
XRP: rHeyDwwhfHmAeg44gHeKNTRam8KLBQnqdy
ADA: addr1qxfrnkcp76re8apqs08r4de0563pajlsrj3yzq4f57nwmusd22psc2da45vkhn2apttaz89ym6rkchprur238k43xl5sldhkw8
DOGE: DKdp5cRSJi5DEkfxJai48GigZPFtBk8vK2
WINk: TVbwZzvxg7ozrAs4jT2FHpshGwMHxvGnoF
(Keeping this chart updated requires a lot of research, work and coffee. If you spot any news I've missed, feel free to DM me or comment below)
❗Disclaimer❗
I am no financial advisor, I merely maintain this chart for my private - and for the public - education and entertainment.
Do not take any of this as financial advice and always DO YOUR OWN RESEARCH.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.