XRP Whales Hordes 74 Mil Coins: A Prelude to an Impending Rally?Recently, CRYPTOCAP:XRP , the Ripple-backed token, made waves as it witnessed a significant accumulation of 73.81 million coins from the renowned exchange, Binance.
The news rippled through the crypto community, sparking a flurry of speculation and optimism about the future trajectory of $XRP. At a time when the market is rife with uncertainty, such pronounced movements from whales serve as beacons of hope, hinting at potential bullish momentum on the horizon.
According to data from Whale Alert, four substantial transactions saw CRYPTOCAP:XRP being accumulated from Binance, amounting to a staggering $45.87 million worth of the digital asset. These transactions, orchestrated by anonymous wallets, underscore a growing confidence in CRYPTOCAP:XRP 's long-term prospects, despite the current red trading charts.
The sheer scale of these accumulations has ignited curiosity and anticipation among traders and investors worldwide. It's a testament to the resilience and underlying value perceived within the CRYPTOCAP:XRP ecosystem, even in the face of short-term price fluctuations.
However, the contrasting price action of CRYPTOCAP:XRP amidst these accumulations raises intriguing questions about market dynamics. While the CRYPTOCAP:XRP experienced a modest drop of 0.46% over the past 24 hours, bullish sentiment continues to permeate derivative markets. Data from Coinglass indicates a surge in open interest and trading volume, accompanied by a rise in the token's funding rate. These indicators suggest a growing influx of capital and heightened market activity, laying the groundwork for a potential breakout.
In the midst of this fervor, voices within the crypto community are amplifying the optimism surrounding XRP's future trajectory. Pro-XRP advocate Bill Morgan boldly predicts a new all-time high for the token in 2024, adding fuel to the bullish narrative. Meanwhile, analysts such as Egrag Crypto and Dark Defender maintain their bullish outlook, underscoring XRP's potential to surge towards the coveted $1 mark.
The accumulation of CRYPTOCAP:XRP by whales from Binance serves as a tangible expression of confidence in the asset's fundamentals and long-term viability. It's a signal to the broader market that significant players are betting on CRYPTOCAP:XRP 's resurgence, despite the prevailing market conditions.
As the crypto market continues to evolve and mature, events like these remind us of the intricate interplay between investor sentiment, market dynamics, and fundamental value. While short-term price movements may fluctuate, the underlying fundamentals of projects like CRYPTOCAP:XRP remain robust, offering a beacon of hope for those who dare to dream of a brighter future in the world of digital assets.
Ripple
HelenP. I Ripple can break resistance level and rise to $0.6665Hi folks today I'm prepared for you Ripple analytics. Some time ago price rose to the support level, which coincided with the support zone, and in a short time broke it, after which it made retest. Then the price rebounded from this level and tried to rise, but soon Ripple turned around and made an impulse down to the trend line. Soon, XRP turned around and continued to rise to the 0.6380 resistance level, which coincided with the resistance zone and even entered to this zone. Later XRP fell below this zone, but soon it in a short time backed up and even rose to 0.6685 points, after which the price turned around and made a strong impulse down to the trend line, thereby breaking the 0.6380 level again. As well soon, XRP broke the trend line and declined lower support zone with a 0.5600 level, after which it turned around and soon rose higher 0.5600 level. Then price rose to the resistance level, but recently it rebounded and now trades close to this level. For my mind, Ripple will reach this level again, break it, and make retest, after which the price can continue to move up to the trend line. For this case, I set my target at the 0.6665 level, which coincided with this line. If you like my analytics you may support me with your like/comment ❤️
Ripple's Rise: Opportunities and Risks
The digital currency known as Ripple, currently trading just above the $0.50 mark per token, has garnered significant attention in the cryptocurrency space. Despite its momentary peak above $1 in 2021, its historical high remains a swift surge to $3.84 witnessed three years earlier.
As the functional token of the RippleNet international-payments network, Ripple's value has typically lingered below the one-dollar threshold. This prompts Ripple investors to speculate: Can we anticipate a gradual price increase in the coming years, or is a surge to $5 within reach in the near future?
While optimism surrounds Ripple and its token holders, expecting substantial price surges in 2024 may be unrealistic, and setting a $1 target for the next few years seems ambitious. The true potential for wealth accumulation lies in the long term, as RippleNet expands its global presence and garners wider adoption.
However, this optimism is tempered by several challenges that could impede Ripple's growth trajectory:
Legal Battles: Ripple's ongoing lawsuit with the Securities and Exchange Commission (SEC) poses a significant legal hurdle, with the outcome potentially unfavorable for Ripple. Regulatory hurdles from authorities in various markets could further complicate matters.
Centralized Architecture: Ripple's centralized structure, with Ripple Labs as the driving force behind the blockchain network, presents risks. Decentralized systems, embraced by major cryptocurrencies like Ethereum and Bitcoin, offer advantages such as enhanced security and community-driven governance, which Ripple lacks.
Competition: Other cryptocurrencies may outperform RippleNet in transaction efficiency, security, or innovative features, posing a threat to its market share.
Despite these challenges, several factors could drive long-term growth in Ripple's value:
Legal Developments: A favorable resolution to Ripple's SEC lawsuit could alleviate regulatory uncertainties and boost investor confidence.
RippleNet Expansion: RippleNet's extensive reach, spanning over 70 markets globally, positions XRP as a preferred liquidity provider in international transactions, potentially driving up demand and value.
CBDC Partnerships: Ripple's involvement in central bank digital currency (CBDC) initiatives worldwide could open up new avenues for growth, with partnerships already underway in countries like Palau and Bhutan.
While the road to a $1 valuation may be lengthy, Ripple's proactive approach to financial innovation and its expanding ecosystem suggest long-term potential. However, investors should remain vigilant, considering both the opportunities and risks associated with Ripple's journey. A cautious investment strategy will ensure a steady navigation through the evolving landscape of Ripple and the broader cryptocurrency market.
Our Idea:
XRPUSD - Nothing But A Wave A Zig-Zag...Change My Mind...I've meticulously analyzed each fragmented wave forming what seems to be a Wave A Zig-Zag.
This analysis hints at a potential downtrend with XRP possibly reaching .06 in the near future.
The intriguing symmetry within this pattern raises questions: will Wave B extend upwards once this pattern resolves? Considering its struggle to materialize, that's a plausible scenario.
However, it comes with the challenge of a nearly 90% drop from current levels.
Keep in mind, this isn't Elliott Wave theory; it's AriasWave, a methodology I developed almost a decade ago.
XRP looks to be setting up for another run northward!The recent liquidation candle could be a very bullish sign for XRP price. As you can see from the chart, the Stoch MTM is showing a potential bullish crossover attempt. The last three times this happened, XRP price made decent gains shortly thereafter.
Good luck, and always use a stop-loss!
My TOP10 project list - pick number 9/10 - XRP !!XRP
Some love it - some hate it.
I have been holding this coin for about 7 years now. I have always known that it was made for greatness. My XRP holding always oscillated between 90 and 60%. I am a believer.
Fortunately I diversified somewhat and was able to make some gains with other tokens. I understood that, to be able to wait for the rewards, i had to be able to sit tight. For that I needed to have other tokens to make it through the desert. This is not a sprint. It is a marathon.
However in 2024 something changed. I felt my confidence was slightly eroding. My XRP position came down to 25% !! On one side I made good gains on other tokens. On the other side because I decided to swap some XRP for other newer projects.
The actual sentiment has become the following. Look for new tokens for the bull run ! The old tokens have already had their run ! Look for the new shiny projects (Celestia, Kaspa, Bittnsor and other AI projects, Arweave, etc.).
NOBODY is talking about 'paiments'. The narratives are AI, DE PIN, COMPUTING, GAMEFI, and so on. NOBODY is looking for old, well established tokens, that have made it through several bear markets and had the time to build behind the scenes.
I am sure this new projects will (and have already) shined. However, I would not descard older projects like XRP. It is still my belief that XRP will play a major role in the Digital Financial System. Some say: "Not today ! Not in this bull market ! Further down the road, in 2030 !".
I say: "Really ??" - Chart says otherwise !!!
XRP Price Eyes $0.70 TargetCRYPTOCAP:XRP , the digital asset associated with Ripple, has recently witnessed a significant uptrend, reaching a new 2024 high of $0.65. Amidst this surge, developments in the ongoing SEC v. Ripple lawsuit have added complexity to CRYPTOCAP:XRP 's price dynamics.
Ripple's Influence on XRP Price:
Attorney Bill Morgan, a Ripple proponent, suggests that Ripple's influence on CRYPTOCAP:XRP 's price may gradually diminish as the payment remittance firm's holdings decrease. Ripple's strategic move to lock nearly 55% of CRYPTOCAP:XRP supply in escrow aims to enhance predictability and reduce volatility in the market. This development could potentially mitigate negative impacts on CRYPTOCAP:XRP 's price, fostering stability and investor confidence in the altcoin.
Technical Analysis and Price Outlook:
CRYPTOCAP:XRP 's price momentum remains bullish, with the altcoin surging towards its December 2023 peak of $0.70. Technical indicator, including the Moving Average Convergence Divergence (MACD), support CRYPTOCAP:XRP 's recent gains and reinforce the bullish thesis for the altcoin. To sustain its upward trajectory, CRYPTOCAP:XRP must surpass resistance at $0.6501 and establish it as a support level. Additionally, the altcoin could find support at the 78.6% Fibonacci retracement level of $0.6148 in the event of a price decline.
Legal Developments and Market Sentiment:
The ongoing SEC v. Ripple lawsuit continues to influence market sentiment and investor confidence in XRP. As legal proceedings unfold, clarity on XRP's regulatory status could potentially alleviate concerns and pave the way for broader adoption and investment. However, uncertainties surrounding the lawsuit remain, underscoring the importance of monitoring legal developments and their impact on CRYPTOCAP:XRP 's price dynamics.
Conclusion:
CRYPTOCAP:XRP 's recent surge to new highs reflects both positive market sentiment and strategic developments by Ripple to enhance the altcoin's stability and predictability. While legal uncertainties persist, XRP's resilience and bullish momentum position it as a formidable player in the cryptocurrency landscape. As investors navigate the evolving regulatory landscape and market dynamics, XRP's trajectory will continue to be shaped by legal developments, technical indicators, and broader market trends. Amidst this dynamic environment, staying informed and vigilant is crucial for assessing XRP's potential and navigating opportunities in the crypto market.
XRPUSDT.1DBased on the provided market data, the XRP cryptocurrency is currently trading at $0.64. The Relative Strength Index (RSI) over 4 hours, 1 day, and 7 days are 69.38, 72.92, and 59.71 respectively. An RSI over 70 usually indicates that an asset may be overbought, and thus due for a price correction. However, the 7-day RSI is still below 70, suggesting that the asset is not in the overbought territory on a weekly basis.
The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day, and 7 days are 0.15, 0.022, and 0.0078 respectively. A positive MACD suggests that the asset is in a bullish phase and may continue to rise.
The Bollinger Bands (Bb) for 4 hours, 1 day, and 7 days are 0.66, 0.6545, and 0.6931 respectively. The current price is below the upper band in all three periods, suggesting that the asset is not overbought.
The support levels for 4 hours, 1 day, and 7 days are $0.6294/$0.5925/$0.5808, $0.5753/$0.5442/$0.5050, and $0.5916/$0.4852/$0.4827 respectively. If the price of XRP falls, these levels could serve as the points where the price may start to rise again.
The resistance levels for 4 hours, 1 day, and 7 days are $0.66/$0.6880/$0.7160, $0.6623/$0.7248/$0.7548, and $0.6956/$0.7550/$0.8150 respectively. If XRP continues to rise, these levels could serve as the points where the price may start to fall.
In conclusion, the XRP seems to show a bullish trend based on its positive MACD and RSI values that are not in the overbought territory. However, it's important to monitor the RSI closely as it's approaching the overbought level in the 4-hour and 1-day periods. As always, it's crucial to consider other market factors and your risk tolerance before making investment decisions.
Ripple can continue to move up in upward channelHello traders, I want share with you my opinion about Ripple. Looking at the chart, we can see how the price some days ago started to trades in the range, where it tried at once to rise, but failed and declined to the bottom part, which coincided with the buyer zone and 0.5300 level. After this, XRP some time traded in this zone, and last time it rebounded up to the top part of the range, which coincided with the 0.5940 support level with the area. But the price at once bounced and made impulse down to 0.5300 level, after which it started to rise in an upward channel, exited from range. In the channel, the price rose to the support area, breaking the 0.5940 level, but soon made a correction below this level. Later, XRP broke the 0.5940 level again and rose to the resistance line of the channel, after which it rebounded down to the current support level. But a not long time ago price bounced from this level and continued to rise in an upward channel. So, now I think Ripple can make a small correction movement and then continue to grow to the resistance line of the channel. For this case, I set my target at the 0.6930 level, which coincided with line. Please share this idea with your friends and click Boost 🚀
XRP, the Sleeping Giant Looks good!! could it ready to Breakout?Technical Analysis: #XRP (Monthly Update)
#Ripple coin is now trying to break out of the 1065-day accumulation zone, if it could, this is just the beginning of a new uptrend.
#Rpple Coin is almost ready to takeoff and looks too bullish, if march closes upper the trend line so will be ready to test its previous high and make a new ATH at year-end or earlier.
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XRP Poised for Further Spike: Could $2 be Next?XRP, the cryptocurrency token associated with Ripple, has been enjoying a remarkable rally lately, with its value increasing by over 9% in the past 24 hours alone, breaching the $0.64 threshold. This is a significant milestone for the token, as it marks the first time since December 2023 that XRP has reached this level. The token's recent surge in value is largely attributed to the Bitcoin-led crypto market frenzy, which has benefited several other cryptocurrencies as well.
The rally has caught the attention of market analysts, who have released bullish forecasts for XRP, predicting that the token could reach $2 in the near future. This optimism is fueled by the token's recent performance and various technical indicators that suggest the asset's upward trajectory is set to continue.
One market watcher, Dark Defender, has set his sights on the $0.6462 mark, which he believes is the next target for XRP. With this target now largely materialized, the analyst predicts that the token could reach $1 in the short term. Beyond that, enthusiasts can expect XRP to rally further to $1.88, once it regains the $1 mark.
Overall, XRP's recent gains have been impressive, and the token's positive momentum is expected to continue as the alt season heats up.
RIPPLE - Price can bounce up from support area to $0.6600Hi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊
Recently price entered to rising channel, where it at once declined to support line and then continued to rise.
Price reached $0.5400 level, which coincided with support area, and in a short time broke it, after which rose to resistance line.
Then Ripple some time traded near $0.5400 level and later declined to support area, thereby exiting from channel.
After this, price reached support line in this area and soon made strong upward impulse to resistance line.
Also, XRP broke $0.6190 level, which coincided with support area, and recently broke resistance line too.
Now I think that Ripple can bounce from support area and rise to $0.6600
If this post is useful to you, you can support me with like/boost and advice in comments❤️
XRP Cup & Handle is playing out PERFECTLY!The XRP Cup & Handle formation that I identified a while back is progressing very nicely on the daily. It has now broken out of the handle formation, and will most likely be working toward the upper rim line at the .5744 level. Once broken, we can reasonably assume that XRP price will continue it's bullish move to the .6155 level, and the .6496 levels respectively.
Good luck, and always use a stop!
*** I apologize for the repetitive post. Tradingview has taken this chart down twice now.
RiskMastery's Breakout Stocks - XRP/USDT EditionWelcome to RiskMastery's Breakout Stocks - Stocks with breakout potential.
In this edition, we'll be looking at BINANCE:XRPUSDT ...
I believe this code is at a point of potential volatility.
If price can hold above $0.6295 ... Bullish potential may be unlocked.
My key upside targets include:
- $0.7042 (Conservative)
- $0.8059 (Medium)
- $1.0442 (Aggressive)
If however price falls below $0.5418 ... Bearish risk potential may be unlocked.
(My key risk targets - C, M,& A - are as noted on the chart)
Enjoy, and I look forward to being of further service into the future.
If you'd like to connect, feel free to reach out and comment below.
Mr RM | Risk Mastery
Disclaimer:
This post is intended for educational purposes only - Publicly available RiskMastery information & content is not intended to be financial advice in any shape or form. Please do your own research and seek advice from a licensed professional before acting on any of the information contained within this post. This post is not a solicitation or recommendation to buy, sell or hold any positions in any financial instrument. All demonstrated trades are merely incidental to the educational training RiskMastery aims to provide. You are solely responsible for your own investment and trading decisions, of which should be made only according to your own opinion, knowledge and experience. You should not rely on any of the information contained on this site or contained in any RiskMastery material on any website or platform. You assume the sole risk of any trade or investment you elect to make. RiskMastery and affiliates shall not be liable to you for any monetary losses or any other damages incurred directly or indirectly, from your use, reliance or reference of RiskMastery materials, content and educational information. Thank you for your understanding and cooperation - We look forward to working with you into the future to navigate the fine line of trading and investment success.
XRP/USDT Bullish Leap from Demand Zone? 🚀Ripple💎 Paradisers, get ready for an enticing trading prospect with #XRPUSDT, as it's positioned in a demand zone, hinting at an upcoming bullish shift.
💎 Observing #RIPPLE momentum, it's been riding an upward trend from the pivotal support at $0.5213. Currently, as the price edges closer to the resistance at $0.5405, breaking and holding above this barrier could signal a climb aimed at overcoming the overhead bearish Order Block.
💎 Should the #XRP wane, a bullish resurgence from the established support at $0.5179 might be in play, with a descent below this point potentially triggering a notable slide.
💎 ETH/USDT - What's the next Target of ETHEREUM? (READ CAPTION)By checking the Ethereum chart in the weekly time frame (logarithmic), we see that the price has grown by 120% ✅ since October 20, 2023 and is currently trading in the $3500 range! The historical ceiling (ATH) of Ethereum was $4875, which with the trend of this cryptocurrency, we will probably see the price return to this level ($4875) in the short term! In 5 consecutive weeks, Ethereum has managed to experience more than 55% growth and we have to see how far this trend will continue!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
💎 ADA/USDT - What's the next Target of CARDANO ? (READ CAPTION)By checking the Cardano chart in the weekly (logarithmic) time frame, we see that the price after the correction up to 45 cents went up again and the overall efficiency of this analysis has reached more than 190% ✅! If the price breaks and stabilizes above 67 cents, we can expect the price to grow to higher levels, whose targets will be $0.82, $1.12, $1.42, $1.78, and $3, respectively!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Ripple (XRP) Enters Crucial Phase: Six-Year Bull PennantDeciphering Ripple (XRP): Navigating a 6-Year Bull Pennant Towards Potential Upsurge
In the realm of cryptocurrency, where price movements often resemble the ebbs and flows of the tide, Ripple (XRP) has emerged as a notable contender, navigating a six-year bull pennant formation that could herald significant price action in the near future. As the cryptocurrency community eagerly anticipates the resolution of this pattern, Ripple finds itself at a critical juncture, poised to overcome obstacles and potentially embark on a major bullish trajectory.
Unveiling Ripple: A Brief Overview
Ripple, launched in 2012, is more than just a digital currency; it's a blockchain-based payment protocol designed to facilitate fast, low-cost cross-border transactions. Unlike Bitcoin and Ethereum, which rely on proof-of-work consensus mechanisms, Ripple operates on a unique consensus algorithm known as the Ripple Protocol Consensus Algorithm (RPCA). This approach enables rapid transaction settlement, making Ripple an attractive option for financial institutions seeking to streamline their payment processes.
The Six-Year Bull Pennant: A Tale of Compression and Anticipation
For the past six years, Ripple's price has been compressing within a bull pennant formation—a pattern characterized by decreasing volatility and converging price action. This prolonged period of consolidation has fueled speculation and anticipation among traders and investors, with many eagerly awaiting a breakout that could signal the beginning of a major uptrend.
With the end of the pennant coinciding with the new year, there's a possibility that Ripple could experience a prolonged squeeze leading up to a significant move. The recent clearance of stage 1 resistance marks a promising development, suggesting that Ripple may be on the cusp of entering stage 2, where short-term breakouts and upward momentum become more prevalent.
Navigating Stage 2: Short-Term Breakouts and Price Momentum
As Ripple sets its sights on stage 2 of the bull pennant formation, traders are closely monitoring short-term resistance levels for signs of upward movement. The recent uptick in price suggests that Ripple may be gathering momentum, with the potential for further upside if key resistance levels are breached.
However, the journey towards stage 3—a critical milestone signaling a major bull run—remains fraught with obstacles and challenges. Chief among these is regulatory uncertainty, as Ripple continues to grapple with legal issues and regulatory scrutiny, particularly in the United States. The outcome of ongoing legal battles, including the Securities and Exchange Commission (SEC) lawsuit alleging that XRP is an unregistered security, could have significant implications for Ripple's future trajectory and market sentiment.
Conclusion: Navigating Uncertainty Towards Potential Upsurge
As Ripple navigates the complexities of the cryptocurrency landscape, traders and investors remain cautiously optimistic about its prospects. The convergence of technical indicators and market dynamics suggests that Ripple may be on the verge of a major breakout, with the potential for significant price appreciation in the coming months.
However, challenges remain, and the path forward is fraught with uncertainty. Regulatory hurdles, legal battles, and broader market conditions will all play a role in shaping Ripple's future trajectory.
In conclusion, Ripple's journey from compression within a six-year bull pennant to potential breakout is a testament to the resilience and innovation of the cryptocurrency space. As traders and investors eagerly await the resolution of this pattern, the eyes of the cryptocurrency community remain fixed on Ripple, with the hope that it will overcome obstacles and realize its full potential in the ever-evolving landscape of digital finance.
Yes, it pumps last but. . . XRPYou know, XRP is the last crypto that pumps and usually, it pumps when BTC is near the tops and want to drop. This time it will not be different, XRP will pump last and fast as always, with the only difference that this time i want (and you also) a new ATH and maybe, for the first time from the beginning of the legal case, it's possible. Actually it's approaching multi year trendline and it's trying to broke out from multi year resistance.
HelenP. I Ripple can rise a little more and then it start fallHi folks today I'm prepared for you Ripple analytics. A not long time ago price broke support 2, which coincided with the support zone, and started to trades inside consolidation, where in a short time later it reached support 1. After this, XRP made little correction, after which it tried to rise back to support 1, which coincided with one more support zone, but failed and declined more until to support 2. Price, after declining to this level, some time tried near, after which it turned around and made a strong impulse up to support 2, and soon broke it also. Then XRP rose a little higher, after which made a strong correction movement until to support 2, but soon the price turned around and rose back to this level. As well recently, the price rose higher than the support zone and now it continues to grow. For this reason, I expect that Ripple will rise to 0.6100 points, after which it can make a correction movement to the support zone. That's why I set my target at 0.5845 points, which is located in this zone. If you like my analytics you may support me with your like/comment ❤️