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4 DAYS TILL SEC HEARING HOLD TIGHT Ascending TriangleSEC hearing in less than 4 days now. I have located an Ascending Triangle. What is an Ascending Triangle? The ascending triangle is a bullish continuation pattern and is characterized by a rising lower trendline and a flat upper trendline that acts as support. This pattern indicates that buyers are more aggressive than sellers as price continues to make higher lows. The pattern completes itself when price breaks out of the triangle in the direction of the overall trend. Ascending Triangle - the price usually (HOPEFULLY) follows the up-sloping support line of the triangle. The numbers count on the minor high and low touches of the trend line How to identify an Ascending Triangle Pattern on Forex Charts The ascending triangle is fairly easy to spot on forex charts once traders know what to look for. Uptrend: The market must be in an uptrend before the ascending triangle appears. This is important and emphasises that traders should not simply trade the pattern whenever the ascending triangle appears. Consolidation: The ascending triangle starts to take on its form as the market enters the consolidation phase. Rising lower trendline: While the market is consolidating, a rising trendline can be drawn by connecting the lows. This ascending trendline shows that buyers are slowly pushing the price up – which provides further support for a bullish trading bias. Flat upper trendline: The upper trendline acts as resistance. Price often approaches this level and bounces off until the breakout eventually occurs. Trend continuation: After price posts a strong break above the upper trendline, traders will look for confirmation of the pattern via continued upward momentum. Fingers crossed we get some good news and we can join the others on their BULL RUN. Missing out sucks!
POLONIEX:XRPUSDLong
by AdonisB
1
I Feel Like XRP Is Going BackwardSometimes you just want to throw your hands up and sell the pants off of a specific asset. XRP can be one of them. This is the obvious reaction to the NEWS that a settlement will not be reached by the SEC and Ripple. Thats fine. Bags are packed, smoke em' if you got em', because we have plenty of time to get wealthy off of XRP. If nothing else, when it it happens we will have earned it. Once we hit the .702 Fib well....we'll be on the rise. Keep in mind, this is the 1 hour chart. On the 4hr there is a bullish pennant inbound. Take it as you will. XRP won't do squat until we get NEWS...good NEWS on the SEC lawsuit. Regardless, this is a longterm hold for me. If we dip below $.40 I'm going to accumulate more. Love it or hate it, XRP has INSTITUTIONAL use...its not going anywhere. Happy trading my friends. NOT FINANCIAL ADVICE.
BYBIT:XRPUSD.PLong
by Mr_Joshua_XRP
XRP update!Update! Going back to my previous report I would just like to say THANK YOU FOR THE LOVE! We can see that XRP is moving in the direction of which we predicted and if I may say we have might quite the accurate prediction. In my "non pro" opinion, I believe we are simply creating structures to sustain the 0.60USD level. I believe this is to be due to the fact that we have not seen these levels CONSISTENTLY building bullish structures since before the SEC lawsuit. I believe in order to get passed the 0.75USD level we need to consistently build bullish structures from the 0.40-50USD levels to introduce the breakout passed 0.75USD. The big outburst are not going to last, any experienced trader understands this. We are currently at a level where XRP is being used as speculative subject because the financial institutions are aware of the ability this can provide to retailer investors and BANKS are always looking to have the advantage over retail investors. With that being said, I would come to assume that regulatory clarity will side with financial institutions as they make the government more capital than the average retail investor and let us not forget to close ties between central banks to governments and banks to central banks. They are all connected. With the focus being placed on XRP being used as a payment system to potentially replace the SWIFT system, one must ask themselves if retail investors will be able to buy XRP and other cryptos from banks as well. The main point of this report is to provide my perspective on the fact that I believe the financial institutions are waiting for clarity in the US to integrate XRP in their system. Many people are speaking about Bitcoin not being regulated and that being a problem for the Crypto industry as a whole. My answer to that is that Financial institutions are buying up assets like BTC AND ETH because once regulated they will have the upper hand as to who is protected under these new "crypto laws" that will be established. These assets will be mainly used for BUSINESS to BUSINESS transactions and XRP will be the one allow these financial institutions and businesses to connect with the average retail investor/average person. At this point it would make sense to see XRP hit 10 or even much higher. Refer back to crash of 2008, people sold their homes and banks bought them up. Years later those same banks profited and now dictate the outcome of your financial decisions. I am not saying we retail investors will not have the ability to keep our XRP, however, I do believe it will come down to a day where the average retail investor is not able to buy even 1 XRP due the price being too high for them. In my opinion, the system behind XRP is the reason why I am personally invested. The innovation that comes with XRP simply cannot be ignored and the thing this is just the beginning of understanding what XRP can do! I do believe the GOV will provide clarity on XRP and other crypto currencies primarily to central banks, banks and businesses and finally the average person. In order to be well POSITIONED, and this is not Financial advice, I would buy and hold as much XRP as I can while I still can. Thank you for reading this I did promise a more detailed report if y'all showed more love and you did! Let's get some more love up in here and I wanted to ask you all, should I start making Youtube Vids? LET ME KNOW!!!!!
BITSTAMP:XRPUSDLong
by jeansipeninvestments
1
Love hate relationshipI haven't adjusted a damn thing on this analysis outside of letting it play out for a day. Technically, the analysis is sound. XRP is acting exactly as expected. But damn is it boring to watch in contrast to the rest of the market. The candle at the culmination of the pennant was bullish as expected... Just the volume was a dud. Like lighting a bottle rocket that was dipped in water. Sure, the wick lit and burned...the bottle rocket might have even traveled a foot or two...but then it just stopped. Agonizing. Nevertheless, I think this is because the enthusiasm of the American market is unrealized due to exchange delistings and trading suspensions. Future? A slow climb in conjunction with the bull market. Until Ripple settles with the SEC, or receives a verdict. Then, meantime. Happy trading my friends. NOT FINANCIAL ADVICE.
BYBIT:XRPUSD.PLong
by Mr_Joshua_XRP
XRP/Tether weekly bullish expectationHI if you had followed the news regarding this crypto you might have heard the news that the SEC had slapped a case against the company and this crypto as it is not a currency and it is a security by its nature, the reasoning was that at first glance it is not a decentralize coin and it is a centralize token where the company which uses it for financial transactions are holding the majority of it release and controlling its flow directly to the market so does the Security and Exchange Commissions took the objections based on its influence able nature and as of now the CEO and CLO of the company are tackling the lawsuit in the court so if they come up with acquisition from case so does another pump in the daily volume and value of the asset... please comment me your views
Long
by BitonGroup
2
MORE GOOD NEWS FOR XRP RIPPLEhello, Traders/investors in xrp you need to watch this. Biden Taps Gensler as SEC Chairman, FTC’s Chopra as CFPB Chief President-elect Joe Biden has picked a pair of veteran regulators strongly backed by progressive Democrats to lead two key Wall Street watchdogs, signaling that his administration is planning tough oversight after four years of light-touch policies under appointees of President Donald Trump. Former Commodity Futures Trading Commission Chairman Gary Gensler will be nominated to lead the Securities and Exchange Commission and Federal Trade Commission member Rohit Chopra is being tapped to lead the Consumer Financial Protection Bureau, Biden’s transition team said Monday.
BITFINEX:XRPUSDLong
by Legend_yy_chazali
3
What is the XRP Historial Origin Line Suggesting?On the weekly Log chart, XRP is following it's historical route along the origin-line since 2014, and has already landed, and held onto recent support on the origin line suggesting a possible bull run incoming. The origin line has been used as support and resistance for as long as the chart has been around. This could be massive news for XRP regardless of the SEC lawsuit, where Ripple have around 21 lawyers to the SEC's 4 lawyers. Even the ex-chairwoman of the SEC is on Ripples team for the case. This is probably a great time to jump in on xrp. Only time will tell. Disclaimer: Do NOT buy or sell anything based on what I say!!!! This is just my opinion!!!
POLONIEX:XRPUSDLong
by sarwar26
2
Medium Term Short Idea (Jan 12th through May 2021)Ripple (XRP)/USD rate (January 12th 2021 through May 2021) Low: $0.11-$0.15 High: $0.51-$0.57 I have also posted a shorter time frame forecast in related below: Orange box is my weekly Cindicator forecast. I'm going to copy and paste what I posted in the quicker idea here: So I was looking at Ripple again for Cindicator forecasting last night since we had the big 70-90 cent pump in November, and I do think now that the dust has settled a little since the SEC lawsuit announcement, there are still some quick opportunities in here. But its still a gamble with the massive de-listing on various exchanges in that aspect alone. Err on the side of caution with this one right now. 11 to 15/16 cents is a decent range for a bearish reaction to come about if the 57 cent target ends up being just an upwards retrace since the December XRP crash. I was originally only thinking 51 cents could be our upper limit but Scott at TCL provided some guidance that 57 could very well be possible too. Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
BITFINEX:XRPUSDShort
by Hambooger
1