XRP BULLISH TREND EXTENSIONRipple supporters are gaining momentum with some small victories in the crypto world's ongoing case of the century. Whales are moving vast amounts of assets between wallets, those are all indicators of something big going on. XRP is currently the top gainer and that trend broke as well a solid resistance at 0.373. We shall see more volatility as the case unwraps.
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SEC
ETHEREUM BEARISH SCENARIOETH price may find support near $1,315, and a bearish breakthrough of that level might open the door to more selling to $1,275. A lot of uncertainty on crypto regulations is pulling investors from classic projects like ETH and BTC and pouring into the new generation of crypto assets such as Solana and Cardano. SEC is pressured and this is considered a ticking bomb with multi-directional shrapnel that might end a few giants and crown the new era.
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XRP pump long overdue, 22 months old bullish falling wedgeBasically, XRP has been in a bullish falling wedge pattern for the past 22 months and this pattern is on the verge of ending (at the end of Jan 2023).
The price already broke out to the upside in Sep 2022 and re-tested the support line during the Nov 2022 FTX-crash.
Now we have been going sideways and are waiting for the price to pump to around $1.60
Maybe some good news with regards to the Ripple-SEC-case will provide the catalyst for the price to go up, but either way, the charts is bullish and the technicals alone should also make the price to move, soon.
Inshallah.
XRP - If Not Now, When? 🔎Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉 XRP has been overall bearish trading inside the falling brown channel.
XRP is currently approaching a strong weekly support 0.25 - 0.30 so we will be looking for short-term buy setups.
📕 As per my trading style:
As we approach the green support, I will be zooming in to lower timeframes and look for any bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📊 For the bulls to over from a long-term perspective , we need a weekly candle close above 0.6 which would be breaking both the last major high and upper brown trendline.
Which scenario do you think is more probable and why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
I SEE IT COMING CZ Binance FUD is getting serious after the inconvenient CNBC appearance of CZ, removal of last audited files & the large amount of withdrawals last week.
SBF's $250m bail & return to his parents after stealing over $10b seems like a joke, but his past financial aids and donations to election campaigns paid off! and guess what? they will even attack Binance as a revenge!
Binance is a private company and it is not forced to share very detailed financial reports! but Gensler can do whatever he wants.
I will be a happy buyer of $BNB at $200 or lower.
XRP target price $21-$153 for 2024-2025Here are the metrics/indicators i am using for the 2-day chart on the XRP token: Using an ascending channel starting from the low in 2017 to the high in 2017 of about $3.25 as the first huge increase of 60,000%. I am using a fractal for the possible outcome in 2024/2025 if XRP moves the same percentage of 60k% which would put the price between $21 and $153 for 2024/2025. the red boxes are accumulation zones with a breakout following. Please understand that there are a variety of reasons for this price action and one is the summary judgment in late March 2024 which could help. Also, We have the Bitcoin halving in April 2024 which may help altcoins rise. The low for XRP may be at the $0.17 range given more bad news with exchanges going insolvent or other hedge funds or even a tether run of some sort. We do have a few more interest hikes by the Feds which will most likely end in March or late 1st quarter. If nothing else is thrown into the mix we may be nearing the bottom for crypto in general sometime in early 2023.
note: the trendline from the bottom of 2017 to a possible $0.17 support is only speculative but if this turns out to be accurate then a great suport for a bounce after the accumulation we see in the second red box.
Don-Key Finance after the XRP win and BTC halving My thoughts on Don-Key Finance after the possible 2023 XRP win and BTC 2024 halving. This is of course all speculative and not financial advice as everyone should do their own due diligence on any digital asset whether it is a DEFI or other type of platform asset. Defi is not going away and so far Don is still very much alive and already down a whopping 100%. Many would be terrified at these prices but these are the entry points that can offer the best crypto returns given the platform's success. The XRP outcome along with the Bitcoin halving could bring the Bull run we are all expecting within a certain time frame. The final date for summary judgment with Ripple is the end of March unless this is moved. The BTC halving should come on April 12th, 2024. Both of these dates could bring another level to the crypto markets that catapult many projects to new highs.
XRP VOLATILITY EXPECTATIONXRP is one of the most controversial cryptos out there, soon to be 2 years since SEC opened a case against Ripple Labs. for distribution of unregistered securities. There are many rumors out there that a settlement might happen later today on the 15th of December 2022. This calls for volatility on the asset either way, if there is a settlement and if there is no settlement. Many retail investors will wait for a fat green or red candle and many orders are expected to be placed based on sentiment and speculation. Might be a good run for intraday trading. 3 major central banks will also hold Interest rate sessions on the 15th, which based on historical data might be shaking the markets all day as well.
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.
EOS and SEC!!! EOS against BTC has been in a downtrend for a very long time. The chart says it all, but lately the chart is creating a higher low and will indeed create a higher high soon.
IMPORTANT - SEC has already fined EOS this makes EOS safe from SEC. Nothing more to say than accumulate from here.
December 9 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
According to Coinglass, the negative premium rate of the Grayscale Bitcoin Trust (GBTC) expanded to 47.2%, a record low. Bitcoin is up 2.11% over the last 24 hours and rose to an intraday high of $17,300.00. The largest cryptocurrency break above the 20-day EMA ($16,983) today, suggests that the bearish momentum may be weakening. Neither the bulls nor the bears are clearly in the lead based on the flattish moving averages and the RSI near the midpoint. If buyers maintain the price above the current level, the BTC/USDT pair could rise to $17,622.
Today’s Cryptocurrency Headline
SEC Requires Companies to Disclose Cryptocurrency Exposure
The U.S. Securities and Exchange Commission (SEC) requires public companies to disclose whether they have exposure to crypto assets, including whether they do business with any crypto-related companies. Firms must disclose if they have direct or indirect relations with companies that have filed for bankruptcy, experienced excessive redemptions or withdrawals of crypto assets, maintain unaccounted crypto assets of customers and experienced corporate compliance failures. In addition, companies must describe how the bankruptcies of certain firms affected their businesses and that the company must take safeguards to protect its customers' crypto assets.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
XRP vs SEC LawsuitIf you haven`t bought the chart reversal here:
Then you should know that the SEC sued Ripple in late 2020, arguing that the payments firm sold XRP as an unregistered security.
The U.S. Securities and Exchange Commission must produce documents Ripple intended to use as evidence.
Coinbase Wallet announced this week that it would stop supporting Ripple’s XRP, Bitcoin Cash (BCH), Ethereum Classic (ETC), and Stellar (XLM) on December 5.
For a perfect storm after the FTX exchange collapse, XRP should lose the lawsuit against the SEC and plunge into the crypto abyss.
🔥 ⚔️XRP vs SEC: Ripple to the Moon soon❓🔥 Hi friends! Finally, the Ripple case may end next week, which will be a strong impetus for the entire cryptocurrency market.
After the SEC and Ripple Labs filed motions for summary judgment on September 17, they were given until November 30 to file their summary judgment documents.
On 2 December, both parties will meet to discuss any redactions in the court filings. Then, the summary judgments will then be made public on 5 December.
📊 MORE ABOUT THE RIPPLE CASE
The company’s founders used XRP as digital assets to raise funds in 2013. The company raised almost $600 mln. selling their coins to investors. The SEC classified it as unregistered IPO and illegal actions.
The decision of this case will provide a legal basis for the resolution of many disputes. If the verdict is in favor of Ripple, it can force Bitcoin to PUMP by 5-15%. This case had a negative impact on the price of altcoin, because during the entire bull market, the coin grew by only 500%, which is much less even than huge Bitcoin.
✅ Ripple can easily grow by 50-60% due to its large capitalization.
📊 MY TARGETS FOR RIPPLE:
1. $0.5 - the key level and an even number
2. $0.6-0.63 - the closest value area
3. $1 - the most important key level
🚩 I recommend you to book 30% of profit when each of the targets is reached. This way you will definitely stay in profit. Also, do not forget about risk management.
📊 The bad news is at least yesterday's delisting of some altcoins from Coinbase Wallet, including Ripple. Also, the FTX scam added a lot of negative to the crypto , which can definitely have a bad effect on any court decision in relation to the crypto and Ripple. In any case, we will know the answer in a week and traders have to be prepared before it happen.
Traders, what decision will the court make for Ripple? Write your thoughts in the comments!
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
The Howey Test: securities and cryptocurrencies / Ripple vs SECThe Howey Test
The Howey Test is a legal test to assess whether certain transactions are investment contracts. If a transaction is an investment contract, it can be considered a security by the SEC. It is subject to specific disclosure and registration obligations under federal securities laws.
The test got its name after the 1946 Supreme Court decision in SEC v. W. J. Howey Co., 328 U.S. 293 (1946). So, in this the Court defined an investment contract. Since then, courts throughout the United States have employed the Howey Test. This to evaluate whether a specific transaction qualifies as an investment contract. If so, it will then be handled as a security.
In fact, the Securities and Exchange Commission (SEC) has long used the Howey test. In its most basic form, the Howey test requires that a transaction involve the following:
(1) an investment of money
(2) in a common enterprise
(3) with an expectation of profits predominantly from the efforts of others.
Digital assets
Cryptocurrencies, digital or virtual tokens that use cryptography for security, have garnered much attention recently for their potential to take on fiat currencies. Their legal classification, however, has been unclear. For example, in the United States, the Securities and Exchange Commission (SEC) has been struggling to determine whether cryptocurrencies are securities. On June 14 in 2018, the SEC finally released its long-awaited report on The DAO, a decentralized autonomous organization that had raised over $150 million in a token sale. The SEC’s report stated that cryptocurrencies can be securities and that The DAO was an illegal security offering.
Actually, the digital asset space is emerging and constantly changing. A digital asset is a unit of value created and managed by its creators that may be exchanged on an online marketplace. As a result, they are subject to the same rules as conventional securities. However, in many places, the legitimacy of digital assets is still being contested. Digital assets are frequently regarded as securities. This is primarily due to the fact that digital assets are frequently used to raise finance for a company. According to the Securities and Exchange Commission (SEC), digital assets may constitute securities. As a result, digital assets could be subject to federal securities regulations.
Moreover, regulatory agencies are struggling to adapt to the rise in digital assets. These agencies must answer the question of whether digital assets should be seen as securities. Yet, the majority of digital assets are currently not registered with the SEC, which raises the question of whether the SEC has the authority to regulate digital assets.
Ripple
One company that the SEC has been investigating is Ripple, the company behind the cryptocurrency XRP. Ripple is facing a lawsuit from the SEC which alleges that it violated securities laws by selling $1.3 billion worth of XRP tokens. The SEC is seeking to determine whether Ripple’s XRP token is a security. So, the outcome of this case will likely have a significant impact on the cryptocurrency industry as a whole.
Furthermore, the SEC settles the majority of its lawsuits rather than going to trial. Individual cryptocurrency enterprises must comply with SEC orders and pay penalties in order to be released. Ripple, unlike many others, went all the way and participated in a legal brawl.
Ripple has particularly referenced some of the SEC members' connections to other crypto platforms, specifically Ethereum. While there is no proof of these connections at this time, the commission gave Ethereum a pass on securities legislation. They claim that it operates in a decentralized manner while using XRP. This seems very fishy.
As a result, Ripple perceived the SEC as prejudiced in its application of the security concept to virtual currencies such as XRP. However, Ripple's lawyers stated that the SEC never warned or notified the company. Also, Ripple wasn’t advised that XRP could be categorized as a security, according to the US regulator.
Conclusion
It is still unclear who will end up winning. For now, the assumption is that the final date will be somewhere in March 2023. The thing that matters is that the results will affect the crypto market in one way or the other. Therefore, for the benefit of the whole crypto industry, it is important for Ripple to get away with a win.
XRP BULLISH SENTIMENTGood potential funnel at the beginning of formation on the daily chart. XRP has been showing positive sentiment compared to other crypto rivals in the past couple of months, recovering faster, dipping lower, etc. Nearing SEC vs Ripple LABS case "season finale", ripple is resuming collaboration that was set on hold during the case development, which itself is a positive indicator for the asset. We would more likely see a funnel bullish brake rather bearish one.
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.
October 13 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
According to the Crypto Losses Q3 2022 Report released by Immunefi, the crypto industry lost $2,328,917,230 so far in 2022. Bitcoin is up 0.63% over the last 24 hours and rose to an intraday high of $19,239.86. The producer price index increased 0.4% for September, compared with the Dow Jones estimate for a 0.2% gain. This suggests that inflation is yet to respond to the Fed’s monetary tightening. Investors will be focusing on Thursday's CPI report, which is expected to show annual inflation increasing 8.1%. If the CPI is worse than expected, the BTC/USDT pair could drop into the $18,125 to $17,622 support zone.
Today’s Cryptocurrency Headline
Yuga Labs Faces Investigation From the SEC
Yuga Labs, creators of Bored Ape Yacht Club NFTs, is facing a probe by the U.S. Securities and Exchange Commission into whether sales of some of its offerings violate federal law. The regulator is investigating whether certain assets released by Yuga Labs could be treated more like stocks and therefore should follow the same rules as stocks. Yuga Labs said in an email that it is committed to fully cooperating with any investigation. The opening of the probe is not a foregone conclusion; Yuga Labs has not been accused of wrongdoing and the probe may not result in a legal battle. It sits within the concept of wider scrutiny by the regulator over crypto-related activities.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
XRR - RIPPLE / USDTXRP -RIPPLE seems to be doing a flat "ABC" correction as a rule that waves "A" and "B" must have 3 moves and wave "C" must have 5 moves to finish the correction, now RIPPLE is in a lawsuit against the Securities and Exchange Commission (SEC) since they want to classify RIPPLE (XRP) as a value but everything seems to be moving towards XRP being the winner, apart from the fact that it is having a very good adoption by banks and countries with large institutional capital behind. I think the XRP trial is going to end in their favor and with them a big rise will be seen, its CEO said that by July 2023 the case will be closed.
PS: You can finish before that date
Preferably wait for a 1-2 pattern when we believe that wave "C" is over to ride the next impulsive wave
The Case for XRP causing ripplesWhat's up Traders,
The Fundamentals of Ripple:
I'm not going to bore you with the business and use-case for 'Ripple' and their token (XRP) .
You can easily DYOR and form your own Opinions on the matter.
In short:
Ripple and XRP are currently being consulted with and used by a number of large United States and International Banks.
The Chart Technical's:
Ripple showing very BULLISH on the chart. If you know , you know. If you don't, just take my word for it. ;)
PS: Technical Analysis is not an exact science :D
The Alpha you're seeking:
Ripple token (XRP) was de-listed from US exchanges after the SEC filed suit, claiming that the token violated existing securities law.
-- Fast Forward to today --
SEC and XRP have concluded their arguments with the COURT and have asked the Judge to settle the case. By every account and my own interpretation of the proceedings Ripple is poised to win the case, which should enable the otken to be re-listed on exchanges in the US. The headline event itself will bear upside to the token price.
I also anticipate there is 'pent up' American demand. Those willing to 'dabble in crypto, but with less appetite for risk, have certainly shied away from the coin.
Taking on extra risk, you could see a large upside if the court rulings are favorable and I am correct in my analysis above.
My Strategy:
I am currently long XRP/USD targeting .55 as a short term milestone.
a buyer up until around 1.20 where i would re-analyze / TP / or / remain in the trade.
If the bullish scenario unfolds, i expect the coin to trade in excess of 1.50 within 2022.
Good Luck.