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XRP Price Target after Court approves FTX LiquidationGiven the recent developments in the crypto space, there are several factors that point towards a bearish outlook: FTX Liquidation of $3.4 Billion in Crypto Assets: The approval by the Delaware Bankruptcy Court for FTX to liquidate $3.4 billion in crypto assets is a significant event. This influx of a substantial amount of cryptocurrency into the market could potentially lead to an oversupply situation. When a large amount of assets is dumped into the market at once, it can put downward pressure on prices. Limited Sales in the First Week: The imposed limit of $50 million for the first week indicates a controlled release of these assets. This may imply that FTX anticipates potential market disruption if a large volume is sold at once. However, even with controlled release, the market could still experience downward pressure. Potential for Increased Limits: The provision for increasing the limit with the approval of the creditors’ committee and ad hoc committee, or potentially even up to $200 million weekly with court approval, shows that there's room for further selling pressure in the coming weeks. Binance US CEO Resignation: The resignation of Binance US President and CEO, Brian Shroder, could potentially signal internal challenges within the exchange. Leadership changes in major crypto exchanges can lead to uncertainty and can impact market sentiment. Asset List: The assets listed for liquidation include some of the major cryptocurrencies in the market such as Bitcoin, Ethereum, WBTC, WETH, USDT, SOL, XRP, STG, APT, BIT, DOGE, MATIC, FTT, TON and more. If a significant portion of these assets are sold off, it could have a widespread impact on the market. Market Sentiment and Confidence: These events combined might lead to a loss of confidence in the crypto market, especially if investors perceive them as signs of instability or potential oversupply. Regulatory Considerations: The fact that a bankruptcy court is involved in this process highlights the regulatory environment surrounding cryptocurrencies. Heightened regulatory scrutiny or intervention can have a dampening effect on the market. Considering the above, my Price Target for XRP Bitcoin is $20.38. Looking forward to read your opinion about it.
Short
by TopgOptions
BTC FAKEOUT As Grayscale Wins SECBuy the rumor, sell the news... Hi Traders, Investors and Speculators of Charts📈📉 Grayscale Investments, the world's largest digital asset manager, sued the U.S. Securities and Exchange Commission (SEC) in July 2022 after the SEC rejected its application to convert its Grayscale Bitcoin Trust (GBTC) into a spot bitcoin exchange-traded fund (ETF). Grayscale argued that the SEC's decision was arbitrary and capricious, and that it violated the Administrative Procedure Act. The SEC had previously approved bitcoin futures ETFs, which track agreements to buy or sell bitcoin at a pre-agreed price, but had rejected spot bitcoin ETFs, which track the actual price of bitcoin. On August 29, 2023, the U.S. Court of Appeals for the Second Circuit ruled in favor of Grayscale, saying that the SEC had failed to adequately explain its decision to reject the application. The court said that the SEC had not shown that there was a "material difference" between spot bitcoin ETFs and bitcoin futures ETFs, and that the SEC's concerns about fraud and manipulation were "speculative." The court's decision is a major victory for Grayscale and the broader cryptocurrency industry. It could pave the way for the approval of the first spot bitcoin ETF in the United States, which would be a major milestone for the industry. Unsurprisingly, the price of BTC reacted to the news. But when we consider technical analysis, it seems more like a fakeout / bulltrap. 👉 Perfect rejection at 200d Moving Averages 👉 The price was already oversold on the RSI, upside was to be expected regardless 👉 "Event" price action is usually bad price action (remember how the price of XRP jumped after SEC victory ruling just to fall all the way back down again) For now, the best course of action seems to be observing from the sideline and look for other trading opportunities with better risk/reward setups across the altcoin market. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck BINANCE:BTCUSD BITSTAMP:BTCUSD BINANCE:BTCUSDT
by Crypto-Check-
27
We Have Our Answer!Traders, A few posts ago, you will see that (2) two gaps were being focused on. The question was posed about which might be filled first. Many of my followers understand that my bias was to the upside gap being filled first. Thanks to the Blackrock ETF approval, this has occurred. And, as I stated in my video yesterday, I have unloaded 50% of ALL my positions (alts included), taken profits, and moved my stops up to break even. I will let the remainder ride for now and hopefully take the rest off at the 50 day ma of the SPOT BTC chart which intersect exactly with the bottom of that important support (now resistance) which I talked about in yesterday's video at 28,750. If we don't hit that and I get stopped out instead, no issue cuz I move all my stops to break even and will take no loss now. There still remain (2) two unfilled gaps: one at 20,290 from March of this year and one at 35,180 from May of last year. I still believe both will be filled soon. Stay tuned for more on this unfolding price action as, through charting research, I hope to gain a better grasp on how it will go. Stew
CME:BTC1!Long
by stewdamus
Beautiful Inverse head and Shoulders on #HEXWell we are finally getting clarity on Richard's Case against the SEC A initial meeting has scheduled between the lawyers and the judge to explore what kind of disco very is needed in this civil suit. A Trial is length and costly for everyone. SEC, The Courtroom. and RH The Judge could throw this out right there on the spot? Me not being a legal expert I can't comment... But the price chart is showing how quickly the mood can change. All I know , Once Richard is "Free" I want exposure to #Pulsechain which just being a copy of Ethereum clearly not a security.
Long
by BallaJi
XRP RECOVERY AND GROWTH SCENARIOGateHub and XRPL Labs have joined forces to improve the XRPL network. They're making it easier to move assets between XRPL and other networks like Bitcoin and Ethereum. This partnership adds 14 new assets, including popular ones like BTC and ETH, making crypto payments more convenient. The goal is to increase the use of XRP and other digital assets and promote cooperation between different blockchains. This news has excited the XRP community, as it simplifies fund transfers and enhances the XRPL ecosystem. The recent addition of Uphold's Topper innovation also makes it easier to convert fiat to crypto within the Xumm wallet. This collaboration is a big step forward for blockchain networks and cryptocurrency adoption. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
BITFINEX:XRPUSDLong
by legacyFXofficial
2
BNB Binance Coin Sell Opportunity? BNB (Binance Coin) may face potential downside risks as a bearish outlook looms over the cryptocurrency. The recent surge in price could be seen as a sell or short opportunity, primarily due to the ongoing lawsuit against Binance by the US Federal Reserve (FED). The FED lawsuit raises concerns about regulatory scrutiny and potential consequences for Binance, which could have a negative impact on the value and reputation of BNB. If the lawsuit results in unfavorable outcomes for Binance, it may weigh heavily on the coin's performance in the market. Investors considering BNB should carefully evaluate the potential risks associated with the regulatory uncertainty surrounding Binance. My short term price target for BNB is $225. Looking forward to read your opinion about it.
Short
by TopgOptions
5
MSTR next FTX bubble MicroStrategy owns 152,800 BTC bought for $4.53 billion.The company has $2.2 billion of debt issued by MicroStrategy, the parent company, consisting of $500 million of 6.125% senior secured notes due 2028 (the “secured notes”) and two series of convertible notes, one maturing in 2025 and the other in 2027 (together, the “convertible notes”). The secured notes are guaranteed by MicroStrategy’s subsidiaries (other than MacroStrategy and its subsidiaries) and are secured by substantially all of MicroStrategy’s assets, which include its software business and, as of Sept. 30, 2022, a total of 14,890 bitcoin. Although MacroStrategy and its subsidiaries are technically restricted subsidiaries under MicroStrategy’s secured notes, in many ways they have the freedom of an unrestricted subsidiary, including their ability to incur debt secured by their bitcoin holdings.MacroStrategy is carved out from the limitations of the debt covenant, so it can incur unlimited debt. In addition, any crypto assets held by MacroStrategy at the time the secured notes were issued are carved out of the liens covenant; as a result, MacroStrategy may incur unlimited debt secured by the bitcoin that it held on the date the secured notes were issued. The fact is that FTX and Alameda were created by one person - Sam Bankman-Freed. And from the very beginning, Alameda served as a liquidity provider on FTX. Alameda wallets interacted with FTX even before the launch in May 2019 and apart from other addresses, it was the only clearly identifiable counterparty. In 2020, the chief engineer of the FTX crypto exchange made secret changes to the exchange software. They allowed Alameda Research, owned by Sam Bankman-Fried, to continue to borrow funds from FTX regardless of the value of the collateral. Weller said the prospect of such a fund coming to market after about a decade of trying by a number of issuers could pose a "big risk" for MicroStrategy. “Many investors are buying MicroStrategy shares as a widely available proxy to gain exposure to bitcoin,” he said. “But if a simple, low-fee alternative emerges, much of the current demand for the stock could dry up, leaving a costly, slow-growing operating company to manage a cumbersome, unstable balance sheet.” The Spot Bitcoin ETF, if approved, “won’t offer the same leverage returns as MicroStrategy,” Saylor said during the company’s Aug. 1 earnings announcement. However, he acknowledged that a subset of institutional investors would choose Bitcoin ETFs to participate in this space. I'll draw an analogy. Think of the rest yourself. The debtor company has doubled its capital. This is Carl's air, emptiness! Bitcoin-ETF no longer needs an intermediary in the form of this company, which can repeat the fate of FTX. Half of the Bitcoins will have to be sold on the market if the Bitcoin ETF spot is approved, because 2.2 billion debts and unlimited lending to yourself may end. Even now, investors will have a reason to doubt Michael Saylor and withdraw their funds, which will deprive the company of reliability. Will he repeat the fate of Sam? Time will show.
NASDAQ:MSTRShort
by almatradebusiness
1
14/08/23 Weekly outlookLast weeks high: $30265.2 Last weeks low: $29472.7 Midpoint: $28680.1 BTC continues to trade a very tight range as it has for many weeks now. 30k continues to be the resistance area, the previous weeks midpoint is the local resistance as its been tested for the last few days and cannot reclaim above. As usual that midpoint from the previous week is important to the direction of this week. We've had some talk about ETF's recently, the former SEC chief has said the SEC will not approve a spot Bitcoin ETF. Personally I believe the SEC will not want to approve an ETF, however eventually I think players like Blackrock will get what they want, they always do and I wouldn't be surprised if it miraculously gets approved around the halving event, and you can be sure Blackrock and the other big players like Valkyrie would have already bought a large chunk of BTC before the supply halves at much lower prices. Really that's what every trader/investor is waiting for because at the current moment there really isn't a lot of money/volume at all in the market. The start of this half of the year is evidence enough for that. Reserving capital for the big moves that come later down the line is essential and avoiding being chopped up by the market is a big priority.
by ProR35
The SEC vs Crypto Exchanges: A Tussle That Could Reshape the CryAs digital currencies continue their ascend, the U.S. Securities and Exchange Commission (SEC) is intensifying its regulatory scrutiny. The crypto community is particularly alarmed by the recent SEC actions against three major exchanges - Coinbase, Kraken, and Binance. This has precipitated a chilling effect, evidenced by the roughly 10% drop in the crypto market since the SEC initiated its lawsuits. Historically, the SEC's track record shows that it has won 90% of its cases, 69% of the time without even needing federal court judges to rule in their favor. As such, the current scenario looks daunting for the crypto industry. On March 22, Coinbase received a Wells notice from the SEC, an initial salvo in this legal battle. Critics argue that the SEC’s actions are unreasonable, claiming that the commission does not need to be fair in its engagement with digital assets. But it is this perceived unfairness that is fostering a consequential backlash. A significant downside to these SEC lawsuits is their potential to push crypto exchanges offshore or to other regions like Europe or Asia. This displacement could afford these jurisdictions more influence over the crypto sector, thereby shifting the epicenter of this burgeoning industry away from the U.S. At the heart of the issue is the SEC's potential classification of certain digital assets as securities. Case in point, the Solana Foundation is vehemently opposing the SEC's move to label its native token, SOL, as a security. If the SEC succeeds, this could have profound implications for the crypto market. Such classifications would impose new layers of regulatory obligations on issuers and traders, potentially stymieing the innovation that has been the hallmark of the crypto space. Crypto projects would need to adjust their structures and operations to comply, possibly leading to slower development and adoption rates. TL;DR; The outcome of the SEC's legal actions against these exchanges and crypto projects will undoubtedly shape the future of the cryptocurrency market. As the dust settles, the landscape of the crypto industry could look markedly different, for better or worse.
by IkkeOmar
4
🔥 XRP Ultimate Game Plan For The Next Bull-RunIf you enjoy this analysis, please give it a like and a follow. With XRP's lawsuit behind us, a lot of the bearish sentiment has been cleared. Still, it appears that this event had little staying power with the bulls, since XRP has given up around half the gains it made shortly after the SEC news. Nevertheless, I'm long-term bullish on XRP. As seen on the chart, XRP is seemingly trading in a parallel channel. The top two resistance lines are direct copies of the bottom support line. I'm going to wait for XRP to drop towards the bottom support, and ideally bounce from it. My target for the next bull-run is placed at 7$, stop just below the channel's support. This will give us a massive risk-reward of almost 110, which is a serious money maker if it plays out well. Keep in mind we can hit the bottom support further away in time, which moves the entry up.
Long
by FieryTrading
36
XLM Decision making time!XLM broke out of its bearish downtrend after a 100%+ move from the XRP case verdict. After this breakout, it had a solid pump and is now sitting right below resistance. Ii can see XLM pump up to .1670 before being rejected but if it fails here I would wait for the purple line below to get retested again before entering a long trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! Don't trade with what you're not willing to lose. Calculate Your Risk/Reward! This is not financial advice. This is for educational purposes only.
by Navitility
Ripple Setting Up for Another Major Breakout Soon??There's a lot to take in with this small 4 hour chart on XRP, but before we get into the bullish talk, lets take a moment to recognize that there is bearish divergence with a peak on the RSI. Hence the reason for the most recent pullback in price. But has it finished playing out yet is the question? We ask this question due to the fact that theres is a bullish pattern forming that is also giving us different signals on the same RSI. When we look at the recent swing high on this 4 hour chart, we can see that something that resembles what is called a 3 Rising Valleys pattern is forming and although you typically trust these only at the bottom of a downtrend rather than at the top one.. the triple hidden bullish divergence that has now painted could be giving us a signal of a continuation of trend. If this is the case, it is my belief that Ripple will have targets of around 1.04 and ultimately 1.25 eventually.
BITSTAMP:XRPUSDLong
by TradeVibez
2
XRP/USDT Technical Analysis ( $10 Target is Next Bull Market ? )XRP/USDT Technical Analysis: Retracement and Targets In this XRP/USDT technical analysis, we'll explore recent price movements and potential retracement levels. Please note this is not financial advice, and always do your own research. XRP Price Overview: XRP is trading at $0.77, surging 100% from the bottom level after the SEC clarified Ripple is not a security. Expected Corrections: Possible retracement levels: 0.5 Fib = $0.6983 0.618 Fib = $0.642 0.786 Fib = $0.5618 Strategy and Caution: Avoid buying in FOMO, prioritize risk management, and research before investing. Long-term Targets: In the next bull run, XRP may reach $5, possibly hitting $10. Accumulation Strategy: Consider accumulating during dips, especially between 0.618 and 0.786 Fib levels. Key Levels: Support: $0.6983, $0.5618 Resistance: $0.88, $1.27, $1.60, Moon Conclusion: The recent XRP price surge shows promise for the upcoming bull market. Be cautious, conduct research, and invest wisely. Happy investing! Follow us for More Quality Updates for Bull Run. Thank you
by CryptoPatel
5
🔥 XRP Perfectly Timed Reversal: UpdateLast week, just after XRP's massive surge, I made an analysis about my game plan for this token and how I planned to approach it. See below. As explained in my previous analysis, I wanted a move towards the 0.5 and 0.618 Fibonacci Retracement combined with an oversold RSI on the 15 min timeframe. Congratulations if you took the trade! Thus far, the trade has worked out perfectly. I'm waiting for a move towards 0.90 to take profits. For more risk-averse traders, now is a great time to take some profits off the table.
Long
by FieryTrading
7
XRP Not Yet- So first at all, i want to say i really have respect for Ripple Community because after all fuds, this community was brave enough and patient to support Ripple, if i was Ripple CEO, i would discern an " Hodling Oscar " or make a "Free Airdrop". - Right now some of the news are talking about Ripple could win against SEC. - Be carefull, you already experienced in the past, that often it's like " Buy the rumor, Sell the News ", you had the live proof with ETH 2.0 Merge. - the real problem with XRP is last ATH is lower, in 2018 XRP pushed to 3.30$ish, in 2021 XRP ATH was only 2$. - i really post this as trader, and i hodl some XRP (and XLM), because "Why not?". - Diversify is the best way to be in at the good time. -------------------------------------------------------------------------------------------------------------------------- - Okay lets back to pure trading strategy : -------------------------------------------------------------------------------------------------------------------------- - Right now there's nothing to buy, absolutely nothing. - XRP have to break 0.6$ ( EMA100 ) and breakout the downtrend, so i recommend a buy around 0.7$ to be safu. - if XRP fall down again i suggest to wait and rebuy around 0.3$-0.25$ -------------------------------------------------------------------------------------------------------------------------- - TP1 : 1.29 ish - TP2 : 1.95 ish - TP3 : 2.95 ish -------------------------------------------------------------------------------------------------------------------------- - i will post some olders XRP analysis in comments. - As always Stay S4fe. Happy Tr4Ding !
BITSTAMP:XRPUSD
by thecryer
12
🔥 XRP Fibonacci Game Plan After Massive NewsEveryone has seen XRP do some crazy things yesterday. Won't go into that in this analysis, but we can all agree that it's generally great news for crypto as a whole. In this analysis I want to take a look at the coming ~2 days and how I will approach XRP. There's a lot of volatility around this token, which is risky, but offers great opportunities. I'm patiently waiting for the price to make a move to the purple triangle area, between the 0.5 and 0.618 Fibonacci retracements. At the same time, I want to see the 15m RSI hit oversold levels. In my eyes, this is one of the best potential entries that we can get. Target will be the 0.90 area, with a stop preferably below the 0.618 Fibonacci retracement line.
Long
by FieryTrading
3
XRP: Price levels and price action analysis Today's focus: XRP Pattern – Breakout Possible targets – .90 – 1.00 Support – .52 - .54 Resistance – .90 - .92 XRP soared on Thursday after Ripple Labs won a partial victory in their court case with the SEC. This is a big deal for the crypto industry, lifting the broader market. A judge ruled in favour of Ripple that they didn’t violate federal securities law when selling XRP tokens to the public. Ripple jumped after this news hit the market and quickly hit .92 before pulling back. In today’s video, we run over the price levels and price action we are watching moving forward after this move. Have a great day and good trading.
EIGHTCAP:XRPUSDLong
by Eightcap
XRP Court Victory ! Ripple's Impact on Crypto Landscape !!The recent developments in the cryptocurrency market, particularly the favorable court ruling for Ripple Labs, signal an optimistic start to a new altcoin season. With the federal judge ruling that some of Ripple's sales of the XRP token do not fully meet the definition of a securities offering, it instills confidence in the altcoin space. This ruling brings clarity to the regulatory landscape and alleviates concerns surrounding XRP, leading to major cryptocurrency exchanges, including Coinbase, relisting the token. The reintroduction of XRP to these platforms demonstrates growing acceptance and renewed interest in this altcoin. The anticipation surrounding the approval of a spot bitcoin ETF in the United States adds to the positive sentiment in the market. The successful launch of a previously approved ETF in Europe further reinforces the upward trend for altcoins. The recent court ruling that declared XRP as not a security sets a precedent that could potentially benefit other cryptocurrencies currently classified as securities by the SEC. In the SEC's case against Binance, they designated 10 cryptocurrencies, including BNB, BUSD, SOL, ADA, MATIC, ATOM, SAND, MANA, AXS, and COTI, as securities. Additionally, in the SEC's lawsuit against Coinbase, they named 13 cryptocurrencies, reinforcing their stance on SOL, ADA, MATIC, SAND, and AXS, and adding CHZ, FLOW, ICP, NEAR, VGX, and NEXO to the list. This development showcases the increasing institutional acceptance of cryptocurrencies and creates a ripple effect across the market, providing a boost for various altcoins. I think XRP could easily reach $1! Looking forward to read your opinion about it!
Long
by TopgOptions
2
Ripple Breaks Out Of A Triangle And Moves Towards 0.8-1 After a break out of a triangle two weeks back on Litecoin, Ripple now does the same after a huge win in its case against the SEC. This is also good news for some other ALT coins of course, but don't fall into the "over-crowed" trade here. Price is approaching imp. 0.8-1.0 level. However, price is approaching some technical resistance here at 0.8-1.00, so dont fall into FOMO. Be aware of a pullback as this can be a bit over-crowded reaction. Everyone are looking to buy now... Elliott wave suggests to wait on a retracement, ideally, next big wave E.
BITSTAMP:XRPUSD
by ew-forecast
2