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Different possibilities for XRP depending on BTCSo we don't know what BTC will do, but I think that XRP will as always closely follow Bitcoin the next years. If BTC really manages to hit ATH in Nov/Dec this year, which is not impossible, then I expect XRPUSD to hit the 20-30 USD region. However, I think that this is unlikely, currently. I think that BTC will climb to 55k now, pretend to be bullish, and then retest the MA200 again, with a brutal dump to 16k. I really hope I am wrong, but this would really fit BTC's past behavior of extreme shakeouts. If that happens, XRP will of course follow accordingly. And at current XRPBTC levels, this means a dumpt to retest the 10 cent area. Longterm, this would be a bullish structure with a double bottom at 10 cents. I am not saying that this will happen exactly like this, but it is a real possibility and we shouldn't be surprised or scared if something like this happens. Longterm BTC will hit 250k probably around early 2023, based on the lengthening cycle theory and the theory of diminishing returns, see for example this analysis here: BTC being at 250k peak, this would easily mean XRP at around 50 USD. However, this doesn't mean that XRP can't dump to 10 cents before that, one should always keep that in mind. My advice is to position yourself accordingly. A strategy would for example be to sell some percentage of one's XRP holdings in this coming bounce, keep the rest in case of BTC continuing the rally this year. The buying the dip should it really fall this low, with the money from the previously sold XRP. Anyways, trade with caution and good luck to everyone. P.S: I assume the SEC case will be resolved until early 2023 in favor of Ripple, probably contributing to a bullish scenario.
BITSTAMP:XRPUSD
by SebastianofMoon
17
BTC: new assessment; 72hr response.relief rally is lined with much optimism. expecting extreme volaility and swings for the next 72hrs. CZ leaked plans early, hence the 48.1k price liquidation, either this is a signal that CZ is in trouble for sneminem to come to the rescue and save him from the bogdanoffs, or this level will be revisited because the script leaked (or so my source says) plus we have witchcraftery brewing meme magic on crypto twitter. absolutely repulsive how much effort has gone into all of this since the B word conference. tether lawsuit. on the heels of the SEC V Ripple being quashed in short order. endless distractions. most peers are unawares of the flip being so imminent to switching, they aren't even prepared. Trading Disclaimer: All trades and ideas posted from this account, including setups, are given for educational purposes only. 95% of trades never win, and instead realize losses. Trading involves risk, there are zero guarantees that you will win any given trade, including this one or others related to it or this account. If you follow any setups, you do so at your own risk, taking full responsibility of any actions and / or outcomes. Nothing posted is to be taken as financial advice. The information and opinions presented by this account should not be construed as investment or trading advice, and is not meant to be a solicitation or recommendation to take actionable trading on any asset, cryptocurrency, securities, or any other tradable digital asset. All content presented is for entertainment and education. No Financial Advice. Past performances are not a guarantee of future outcomes and or results: trading involves strategizing probabilities, there are no expectations on any given trade. Always do your own research and consult a team of professionals from finance and law before proceeding with any type of action in personal finance. All information provided by this account is a general market commentary and does not constitute investment advice or financial advice. None of the information communicated in this accounts tradingview publishings are financial advice and/or incentives, solicitng, advertising, manipulation tactics, and any other malicious behaviour - no, solely for entertainment purposes ONLY.
BLong
by The_Clown_of_Smyrna
3
Ripple's regulatory troubles |Why is XRP facing severe dumpingQuick glance: In this post, we attempt to decode the ongoing tussle between Ripple and the SEC. This episode was filed into a lawsuit on December 2020. But the events that led to this lawsuit date back 2 years. Case Summary: SEC filed a case against Ripple which is one of the largest crypto issuing companies. The SEC filed a lawsuit against Ripple over its XRP cryptocurrency, alleging that the company held a $1.3 billion unregistered securities offering. The suit contends that Ripple should fall under SEC regulations because it is a security, not a currency. The case was filed on 5 Dec 2020. The SEC had been investigating Ripple for almost 2 years prior to filing the case. →The suit also alleges that Ripple was aware that it wasn’t likely XRP would qualify for status as a currency under the Exchange Act because it lacked the backing of a central government. →In response to the SEC lawsuit, Ripple said that the U.S. regulator is incorrect — Ripple’s XRP cryptocurrency is not a security. The company said XRP is a virtual coin used as a medium of exchange for international and domestic transactions. Ripple further added that XRP is an asset that is perfect for payment processing because it’s quick and scalable. →Ripple alleges that the SEC’s move “amounts to picking winners and losers” in the field, as fellow cryptocurrencies like bitcoin and Ether have not been subjected to such regulations. →Coinbase stopped trading in XRP earlier this year after the SEC suit came down due to which we saw a major downtrend in the price of XRP. →On 21/5/2021 Ripple filed the case to end with summary judgement after they filed a “lack of due process and fair notice” stating the fact that SEC had 2 years to prepare the evidence and along with the 6 months the case has been active. →This month, Ripple sought the SEC’s “policies governing SEC employees’ trading in, or purchase or sale of, Digital Assets and/or Virtual Currencies, including all changes and updates to those policies.” The SEC blatantly refuted this request with the SEC arguing that they were irrelevant to the litigation and would “not lead to the discovery of any relevant evidence.” But Ripple stated that the policies could reveal the SEC’s stance on digital assets — including any distinctions it draws between XRP and other cryptocurrencies, such as BTC and ETH. →The presiding judge has ordered the SEC to submit these documents citing them as relevant. Possible conclusions and their respective impacts: → If Ripple wins: We can see XRP becoming another major crypto. If Ripple wins then coinbase could start trading XRP again and we can see a major bullish trend. This jump could also give the crypto industry a major boost and may stabilize the market. This could also give a chance to Dogecoin to follow similar footsteps and become a mainstream trading crypto currency. This win could bring some stabilization into the current volatile market and bring even more people into the crypto world. → If SEC wins: This might be bad news and may open flood gates for SEC to regulate the crypto market even more which could reduce the freedom that people associate with cryptocurrency. SEC has never regulated any other crypto before this and winning this motion could give them a green light to go after other currencies as well which is bad news especially considering the current volatility of the market and this major news can break the crypto world. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis! If you find the analysis useful, please like and share our ideas with the community. Keep supporting :)
BINANCE:XRPUSDEducation
by Mudrex
5
THE MOST IMPORTANT LEVEL!! PROBABLY OF ALL TIME In this Technical Analysis, you will find that the price now is moving near to the Fibonacci Level 50% which also the bottom line of the Descending Broadening Pattern. Besides of this 2 important levels, the price also showing that it was an important Resistance level before, the price of 0,6110 is like a sacred number for XRP right now. We need to see the price bouncing from that level. But, of course the BTC will affect the price like usual. So the question is, can 0,6110 become the Strongest Support of this downside move of XRP? Disclaimer : This is not Financial Advise
BITSTAMP:XRPUSD
by Kevin_Sailly
1
DESCENDING BROADENING WEDGE PATTERN ON XRP!!In this Chart, you will see a Descending Broadening Wedge Pattern is forming on the XRP. Meanwhile, BTC Dominance is rebound, I think this scenario would likely play out as the market will continue it's downwards momentum. While waiting BTC Dominance pullback for Bullish Scenario on XRP. There is some target that I put on the chart, and let's see together about what could possibly happen on XRP. Disclaimer: This content is not a Financial Advise.
BITSTAMP:XRPUSD
by Kevin_Sailly
1
XRP JUST BROKE OUT THE INVERSE HEAD & SHOULDERS!!XRP just broke out the Neckline from Inverse Head & Shoulders on 1H Timeframe. The impact might be for a very short term, but still, I guess it's good to trade with any situation that we've got on the Chart. The target for XRP is around $0,94. But, we might see XRP re-testing the neckline first before trying to breach the upper Resistance that potential forming a Rising Wedge Pattern. Wish you well and have decent profits. Disclaimer: This content is not a Financial Advise.
BITSTAMP:XRPUSDLong
by Kevin_Sailly
Elon Musk vs BitcoinElon Musk is the new Donald Trump of the Markets. As Elon Musk tweets go, so does the markets especially the cryptocurrency market, namely Dogecoin, Bitcoin & CumRocket among the main ones. (Trump had similar effects from his tweet as president of the United States on the stock market.) The billionaire and Tesla CEO has been have been specifically tweeting about crypto a lot recently affecting prices by up sometimes fewer than 80 characters and memes of dogs. I am not sure what his game plan is most recently but Elon Musk have been driving the price of Bitcoin down relentlessly and with coordinated and precision attacks at some of the weakest low liquidity trading times. Musk’s tweets may not be for his own financial gains, but they are highly affecting crypto investors and he is attracting a lot of hate from the community currently for his actions. My main questions are why is he doing it? Can anyone stop him? What will be the long-term effects of his actions? Could he be driving down the price so that us retail investors can hop on for a highly discounted ride to the moon?
FTX:BTCUSD
by krobby
1
Ripple, XRP, SEC and the FUD of the century - My final idea. SEC's price suppression on XRP is coming to an end as it is rumoured that SEC employees and whales have already bought as much as they could at low prices. Earlier this year the defence case for the San Francisco firm had looked dead in the water with maximum FUD, haters clapped and weak hands sold, according to crypto observers. The SEC file its lawsuit a few days before Christmas 2020, claiming its founders were selling it's product, imagine that? a company selling products is something unheard about until now. They also stated its founders were getting rich, something unheard also. Now, six months on and after series of bruising battles, it appears the odds are now with Ripple Hodlers. ///// Dear TradingViewers, so this is my last and final idea, it was fun while it lasted but my humour is not for everyone and I keep getting banned in here, thanks for everyone's likes and comments, all the best.
BITSTAMP:XRPUSDLong
by Bitconiano
21
XRP/USDT - TIME TO SHINE FOR XRPAssalamualaikum and hello guys. Last time my analysis is not going to do a big wave for correction before going deep again, and now price is break. So, it’s time for this pair to shine again. the price has broken on the line that has been marked as in the following figure. I assume the price will go down around 0.52 - 0.47. The MA 20 on candle weekly also shows at that price. please be prepared, prices will soar again and will surpass ATH in 2017 before this. this is just my 2 cent opinion and not financial advise. Please DYOR!
Long
by KubixFX
XRP/BTC Breaking out of Daily Triangle PT1 $2.31 PT2 $4.05 XRP/BTC is showing beautiful movements and is breaking out of a symmetrical triangle as we speak. Interestingly enough, XRP/USDT is also inside of a symmetrical triangle on daily and weekly candles. Additionally, we have a very bullish MACD crossover, the last time this occurred was the beginning of April when the price ultimately went to $2 USD. We are clearly at the start of a similar move but from a higher starting base. PT1: $2.31 PT2: $4.05 PT3: $7.73
Long
by ich1baN
6