XRP | Bank of America Uses XRP InternallyXRP is making international headlines once again - this time, news of a collaboration with Bank of America is going around.
XRP gained against the trend on Wednesday, as other cryptocurrencies faced losses. The surge followed a photo shared by Ripple CEO Brad Garlinghouse, showing him dining with Chief Legal Officer Stuart Alderoty and President-elect Donald Trump.
But have we seen this before? In the past, Ripple has been known to make dodgy deals with news outlets and participate in unsolicited and unethical advertising - who remembers all the celebs they paid to speak out about XRP, and then the string of YouTube influencers? The SEC case cracked down on this "market manipulation" particularly hard, but it merely cost Ripple a few million dollars in fines.
Recently, David Stryzewski, CEO of Sound Planning Group, appeared on FOX Business to assert that Bank of America (BoA) is now utilizing XRP for 100% of its internal transactions. If verified , this would mark a groundbreaking step toward mainstream adoption of blockchain technology within major financial institutions. (This is a little worrisome - a validation from Bank of America would really be the only believable confirmation).
As per a recent article by The Crypto Times, a move of this magnitude could position XRP as a pivotal component in global banking systems. Notably, Bank of America’s relationship with Ripple is not new. The bank has been a member of RippleNet, Ripple’s blockchain-based global payments network, which facilitates secure and fast international money transfers. Bank of America's interest in blockchain technology dates back to at least 2017, when it filed a patent for a real-time settlement system referencing a "ripple" distributed ledger. Although the patent did not explicitly mention XRP , it signaled the bank’s intent to explore the integration of Ripple’s technology into its operations. According to Stryzewski, BoA has since filed 83 patents related to Ripple’s blockchain technology, underscoring its commitment to incorporating this transformative technology into its infrastructure.
Another recent publication by Binance expressed confidence in XRP’s long-term significance, praising the technology and Ripple's partnerships through RippleNet. Ripple’s official website lists Bank of America as a member of RippleNet, reinforcing the likelihood of ongoing collaboration.
If Stryzewski's claim proves accurate, it would represent a historic milestone for cryptocurrency adoption in traditional banking, potentially leading to a massive short-term pump. It is good to remember though, as with any news relating to Ripple and XRP, there are always many "if's" and "buts".
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CRYPTO:XRPUSD COINBASE:XRPUSD BINANCE:XRPUSDT
Xrparmy
XRP, will history repeat?XRP and the Army.
XRP will do nothing and could be considered a stable coin until it finally doesn't. Historically XRP does nothing without the rest of the market, they all follow bitcoin.
When does the magic start? When the yellow line crosses the purple and the red, more specifically the purple. Until then, stable coin. I have that area circled in prior history.
When it starts it should be 4 weeks of insanity then a correction and pause for approximately 8 months and a final 4 weeks of the final phase. That's the good news, the bad news is it might be well into 2024 and bitcoin will have to make new highs before XRP de-pegs it self from it's stable coin status.
I have also added the TDI indicator on the bottom as it shows the bear market areas and bull market areas.
I Have linked another chart that I made a few back on XRP and a lengthening altcoin cycle chart.
I have picked long for XRP but I don't expect it anytime soon. The earliest would be late this year but most likely 2024.
WeAreSat0shi
Thank you
XRP consolidating before next move?Let’s dive into what’s happening with COINBASE:XRPUSD right now and why this could be an exciting moment! Here's what I’m seeing:
🔍 Key Levels on the Chart:
The price has recently consolidated within the Golden Zone (based on Fibonacci retracement) from $2.70 down to $1.95.
Before this, XRP consolidated in the previous Golden Zone created from the $1.30 to $2.90 move before taking off.
🔥 What This Means:
Golden Zones often act as strong support/resistance levels, and price action is currently respecting these areas! This consolidation in the current zone suggests that XRP is gearing up for its next potential move.
📊 Indicators to Watch:
RSI: Mid-range, giving plenty of room for an upward move.
MACD: Momentum is starting to shift upward, showing potential for a bullish breakout.
Stochastics: Hovering at mid-levels, hinting at a possible bounce.
🚦 Key Levels to Break:
To confirm another leg up, XRP needs to break above the $2.40–$2.45 area with strong volume. If it does, we could see the next big run!
⚠️ What to Watch Out For:
If the price fails to hold within this Golden Zone, it could test lower levels. Always manage your risk and use stop-losses!
💡 My Take:
The consolidation in the Golden Zone is a bullish sign, but confirmation is key. Let’s see if XRP has the momentum to break out and make another run.
What are your thoughts? Let’s discuss in the comments! 👇
XRP to $10 in 2025 ? Fib Speed Fan Analysis. #XRPARMYThe Fibonacci Speed Fan is a technical analysis tool that combines Fibonacci retracement levels with trend lines to identify potential support, resistance, and trend reversal points in an asset's price action. This tool has proven to be particularly useful in detecting trend reversals, especially in the case of the XRP token.
XRP has demonstrated a history of respecting significant Fibonacci extension levels since 2014, as evidenced by the 0.618 rejection in 2014, the large expansion to the upside with a mild correction at the 1.382, and the eventual blow off top at the 1.75 extension. The market then consolidated and appreciated until it encountered resistance at the 0.618 Fibonacci fan extension in April 2021, followed by further consolidation.
Analyzing historical price action can provide insights into potential future movements. By superimposing the 2014 fractal on the current price action and scaling it appropriately, we can identify a possible trajectory for XRP. This analysis suggests that XRP may experience a run-up to two intersecting 0.618 Fibonacci Speed Fan levels (from the previous peak and the most recent peak) around the $0.85 - $1.00 range. This could be followed by a rejection or consolidation period lasting several months before another potential explosive move to the upside in 2025.
The catalyst for this projected growth could be a favorable outcome in XRP's legal battle with the SEC, which would lend legitimacy and confidence to the asset. It is important to remember, however, that technical analysis, while valuable, is not foolproof and cannot predict future price movements with complete certainty. External factors, such as regulatory changes and market sentiment, can also have a significant impact on an asset's price trajectory.
In conclusion, the Fibonacci Speed Fan is a useful tool for detecting trend reversals due to its ability to combine Fibonacci retracement levels with trend lines, providing valuable insights into potential support and resistance areas. This has been particularly relevant for the XRP token, which has consistently respected significant Fibonacci extension levels since 2014. By analyzing historical price action and employing tools like the Fibonacci Speed Fan, traders and investors can make more informed decisions about potential entry and exit points in the market.
XRP - PUMP and DUMP SchemeThis is the moment that bag holders have been waiting for - XRP has crossed the $2 mark in an unexpected pump scheme.
Through the Fibonacci, we can establish likely short term targets , being the 1.618 Fib level.
XRP is notorious for hard dumps after the pump, so do be mindful of this possibility and remember that it is an extremely unpredictable, high risk altcoin.
Here's my take on Bitcoin, incase you are wondering what to watch for BTC:
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XRP: Accumulation Zone Hello Team,
Ripple XRP has now entered into the 5-year accumulation zone from 0.14-0.35 Cents.
- At this price point and as the price drops more will present long-term buying opportunities for the future in the form of "Dollar Cost Averaging".
XRP has a large potential for future upside movement if the SEC case is dropped and due to a large number of partnerships & use-cases acquired.
Don't expect a miracle overnight.
XRP | ALTCOINS | What Happens AFTER the PUMP?BINANCE:XRPUSDT
I'm a notorious hater of XRP; BUT I will admit to still trading it from time to time. I bought in at about 62c, and saw the price at $1,3 yesterday - pity I didn't sell. However, I definitely will now 😂
XRP has one, and only one trading pattern - pump and dump . The pump happens over 2-3 days, and ten the dump starts lasting 3-5 weeks. THE WORST THING you could do, is buy at the climax of the pump. This is because we KNOW how LONG it takes for Cripple to reclaim previous highs.
If you haven't already, I wouldn't look to buy here. There are other altcoins with much better upside potential and who move much better than XRP such as FET, RUNE, DOGE to name a few.
More on that here:
XRP AND WHERE WE STAND 🔥 Hope everyone's been well! I've mainly been busy with work so haven't had the chance to post till now but again hope everyone has been alright and well! I'll be sure to keep this quick and concise.
🔥 Following up from our last idea we can see the turnaround from our Death cross with us having regained that 200 EMA. Here's a chart picture for reference from a couple days ago I took:
🔥 I highlighted those peaks to watch out for a breakout and that brings us now to today's chart:
🔥 I've added this blue dotted line to signify our resistance, if we get any breakouts or bullish runs watch that blue line for what'll be resistance no doubt, that being said if we can break it again I can see us breaking out of the 0.60 cent range soon enough with how things have been.
🔥 With the Fed Rate's Cut of 0.5 percentage points that's no doubt raised sentiments as of lately and the market's seemed to love it, especially crypto with Bitcoin leading the pack from it's low of roughly $54,000 in September to $64,000 signifying this bullish sentiment.
🔥 That being said the 200 EMA's are playing a huge role in things for technical traders so I'd keep an eye on that but we've got something else to note:
🔥 When we look at the big picture for the last month or two we see that we're in this sort of middle point, we've seen 0.45 to 0.66 cents in a relatively short period and we already see how dramatic the market can be, so do keep that in mind, whether or not we lose or keep that 200 EMA can help determine whether or not we can get a possible breakout or if we'll fail to sustain that pressure and retrace, reverse course.
🔥 I've got to run but wanted to put something out while I had the chance, overall even if we fall and retrace, things look bullish especially with XRPL development the future looks bright for XRP regardless of what the charts do, that's the biggest picture note I've got.
🔥 Thanks for tune in as always and wishing well till next! Have a great day and keep up all that you do!
~ Rock '
$XRP Looking GreatCRYPTOCAP:XRP Looking 🔥🔥🔥🔥, previous 1D closed super bullish, currently on $0.5636-$0.5516 support area. Next key resistance at $0.6273. RSI on 4H and 1D looking good, good influence of #Bitcoin 's movement here, requires CRYPTOCAP:BTC to lead for uptrend. Struggling at $0.5843 as of now. Watch Given S/R
XRP DEATH CROSS AND WHAT TO WATCH FOR 🔥 Hey hey, sorry it's been a couple days since I've been able to post, been working everyday so I haven't had any time but I do have a bit of time before work today so figured I'd pump out an idea for you guys here, and as always, thanks for tuning in!
🔥 In my last idea I brought up that death cross, it was looking like we we're about to have a death cross form and well, that's exactly what happened. Here's a quick chart from the other day in which we saw our chart already fighting to regain that 200 EMA on the hourly but unfortunately bulls weren't able to get that done and bears took over.
🔥 Gonna keep this idea short and simple since we already know we're in a death cross. We already knew that was likely going to happen once we lost our 200 EMA so now what we'll be looking to and watching out for is price action above 0.514. These horizontal levels are pretty prevalent and no doubt traders are acting off what we do here and here's a 15 minute chart:
🔥 Off the 15 minute chart alone we can see how we're slowly making our way back up and looking to regain that 200 EMA soon enough, that being said we'll likely regain the 200 EMA soon on the 15 minute timeframe but we'll need to regain it on the 30 minute and hourly to get a solid bullish confirmation before traders will throw money at XRP again so till that happens expect waters to be choppy.
🔥 So watch those horizontal levels, when we're below a level it'll act as resistance and when above any level it'll act as a support so watch for that as well as this new annotated descending channel which is highlighted in the blue lines to show off this descending channel that's formed since we lost our 200 EMA. That's helped bears push price action down so another bullish confirmation will be when we break out of this channel so bear that in mind.
🔥 I have to go but I wanted to give you guys a few things to look at for reference while I'm out, anyway thanks for coming by as always and thanks for tuning in, wishing all the best till next!
~ Rock '
XRP Death Cross?⚡ Hey hey, hope everyone's doing well, short and quick idea here for you guys, we'll look at what could possibly be a death cross forming on XRP's chart. And as usual here's a quick reference to our previous idea, chart.
⚡ Off that we can see that we we're at that pivot point and we did make note to watch for a breakout or fall, wild to see what's happened since then, we did indeed get the breakout we were looking for before hitting that next resistance at our horizontal level above which is fair enough, we know those levels are important to the market bears ended up winning for the day knocking bulls back down but that's only after the fact that a higher high was established.
⚡ So it's great seeing that but here's the kicker, on our 45 minute chart as shown below, we could possibly be entering a death cross soon, check it out.
⚡ We've already seen what happened when we got that Golden cross at the beginning of the chart on the 19th which basically kickstarted this rally and we've been able to steer clear of the 200 EMA, till now that is. We're just barely skimming it but if we end up converging and fall below it then expect some bearish price action to keep it simple.
⚡ And on the 15 minute chart above we can already see the effect by which we've reversed and lost t hat 200 EMA so it'll be a matter of whether we can avoid losing the 200 EMA on the 45 and hourly charts, if we lose it on the hour then definitely expect some retracement is all. Hopefully not but if it happens it happens, it's just the market's ups and downs.
⚡ Have to get ready for work but thanks for coming by, appreciate the words and support as always, have a great day.
~ Rock '
IMPORTANT QUICK XRP UPDATE!💥 Hey hey, hope all is well, we're kind of in the moment with things here so gonna keep this idea real short and simple. Thanks for coming by and for reference I'll put a link, chart below for our previous idea as reference:
💥 In our previous idea we we're watching that dotted support above the 0.58 cent line as well as our 20, 50 EMA's to see if they'd converge and shocking as it is they've managed to avoid it on the hourly, that being said the 15 minute is a bit different but we'll look down below for that:
💥 Quick and basic 15 minute chart here for you guys, we see there's been a couple times where our 15, 20 EMA's have flipped but what matters here is that 200 EMA. Regardless of our 20/50 EMA's we've managed to keep above that 200 EMA overall and bulls have taken to that with this big push back up above 0.61 to where we'll now have this next pivot, fight no doubt.
💥 Definitely set an alert for 0.615 if we break that and get a possible breakout, it's definitely a possibility though I do want to caution the fact that we're pulling away a bit from our 200 EMA and that's gonna make it easier for our 20,50 EMA's to converge at some point so keep an eye on those, we're already seen what happens when we overextend, take a look at the 20th for example, we see that the EMA's we're able to flip and we got that big drop from 0.61 to 0.59 so be mindful.
💥 I have to go, busy as usual but thanks for taking the time to read through my quick update, wishing the best till next and make sure to keep tuned, thanks and have a great day!
~ Rock '
XRP QUICK FOLLOWUP! ⚡ Hey hey, hope everyone's doing well today, simply wanted to make a quick follow up from our last idea is all and this won't take too long, thanks for coming by!
⚡ In our previous idea we spoke on XRP's jump and how we'd gotten that golden cross and regained the 200 EMA. So far that's still the case and thankfully we've managed to avoid losing, crossing over our 200 EMA and our 20,50 EMA's have been pretty good so far as well even avoiding a convergence when we nearly fell below 0.59 cents.
⚡ That being said we can identify this support above the dotted line which is annotated with that support above 0.58. Would recommend setting an alert there in case we do fall and lose that support be which our next point of interest for support could possibly be 0.575 or 0.56 even if it comes down to that.
⚡ Can see how we're still fighting to break 0.61 but it was nice to see us form a higher high after falling from our first peak at 0.604 so that's been positive to see. Main thing I'll be keeping an eye on is our 20, 50 EMA's and whether or not we can form a higher high and close above 0.61 for the day or if we'll miss the mark and enter a bearish position.
⚡ Main thing is that we keep above that dotted line of support in at the very least, off past price action we can see that 0.58 and above has acted as a good support already so that should be a good reference point and we're gonna aim to hit 0.61 again and close above it if possible by which we'll continue to be bullish as long as our 20, 50 EMA's can avoid converging.
⚡ I'll end the idea here since I did say it was going to be short but keep an eye on the 20,50 EMA's and that 200 EMA if we do end up retracing and crossing over that as well. I'll keep you all posted as usual so make sure to keep posted for more as always and thanks vm for the continued support. Wishing all well and many blessings!
~ Rock '
XRP Jumps! Ready for movement? 🔥 HI HI, hope everyone's doing alright today, this idea won't take too long so feel free to tune in for a short bit, thanks as always!
🔥 Before we speak quickly on XRP we'll look towards Bitcoin, Bitcoin's still in a bearish position being below it's 20,50 and 200 day EMA as displayed with our chart below:
🔥 Bitcoin would need a daily close above $58-59,000 to affirm an uptrend, we keep on failing to maintain any real uptrend so far, not to mention we keep losing our 200 EMA and until Bitcoin can start flashing bullish signals traders undoubtedly will keep shorting BTC understandably so that's something to take note of.
🔥 That being said XRP's taken a different route and we're not seeing much of a correlation between the two, especially after our recent news of the UAE's adoption of Ripple which has since formed a stark difference between BTC and XRP's charts.
🔥 Now let's get to the highlight of the idea here, I've got our hourly chart below depicting XRP's price action since August and we can pull a couple things from it though the main thing here is where we get hit with resistance. The horizontals are the same as ever and it's clear that we face resistance at 0.624 and 0.64 as we can see below:
🔥 That's something we should keep in mind since we'll face a fight there should we come back u to those horizontal levels soon so make sure to mark those for future reference. That being said XRP's looking positive, we've got this golden cross and we may just be headed for a comeback if we can sustain above 0.58 cents and avoid losing that 200 EMA though as usual we'll have to see if bulls can sustain price action up here.
🔥 I said this idea would be short and we'll leave it at that for now but definitely set some alerts and keep an eye on that 200 EMA as well as the lower EMA's. I'll keep you guys posted but I've gotta run, thanks for joining me for a bit, appreciate it!
~ Rock '
XRP: SEC vs Ripple Case Closed -(Don't Get Your Hopes Up Though)The 4 Year war is over for the worlds most hated altcoin.
Judge Analysa Torres has ordered Ripple to pay $125 million in civil penalties and cease any further violations of securities laws, concluding the outstretched legal case against Ripple. This penalty is favorable for Ripple, given that the SEC had originally claimed a $2 billion fine.
Considering the XRP army is still fairly strong thanks to paid youtubers and Twitter/X shillers, I'm expecting a short term volatility and wicky price action similar to what happened the previous time Ripple announced an SEC victory.
Noteworthy that XRP has ALREADY gone through a pre-emptive pump, increasing nearly 50% BEFORE the official announcement, likely due to insider trading as is typical with these kinds of things.
The previous 24-hours saw a trading volume of around $1.68 billion, indicating that whales are moving and the biggest action is likely already over. The market capitalization of the altcoin is currently $29.5 billion, which is ridiculous considering there is no actual usecase for the alt after 12 years.
To be completely objective - this COULD change, IF Ripple could come up with an actual usecase for XRP that somehow burns the enormous supply . Unfortunately, up until this point, it has been used by the board members as a liquidity pool to fund their actual company (Ripple). I don't think it would be wise to trust them considering they have shown their true colors and misused the once promising coin as well as the community.
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XRP INSANE NEWS! DUBAI PARTNERSHIP! 🌠 Wow wow, didn't expect to be writing an article like this for XRP, let alone so soon but here we are! This is some pretty sudden news so I'll keep it short and simple and before we start we'll put down a reference chart of what we're looking at right now on the three minute chart for XRP and I'll add some links to the articles, announcement below as well.
🌠 Much like a shooting start XRP has shot straight across the sky or in this case, straight up amongst the breaking news now of it's UAE partnership! In a shocking revelation Ripple through an official announcement has announced plans to work and partner alongside the UAE's DIFC Innovation Hub which is the innovation ecosystem of the Dubai International Financial Centre or DIFC for short. This will allow XRP to accelerate it's blockchain and digital assets innovation in the UAE as the article puts it.
🌠 For those that aren't too familiar, the Dubai International Financial Centre is the leading international financial hub in the Middle East, Africa, and South Asia, this amongst XRP's SEC case in the USA signals an expansion which as I imagine many investors will take a liking too, especially when we look at how hostile the USA, SEC more specifically has been when it comes to crypto and the digital asset space.
🌠 This marks a significant step in the path for XRP becoming a real digital asset that will one day come to affect billions of lives as Ripple continues to make headway and create new partnership's and expand, grow as it continually has since being founded in 2012. This is a huge step for Ripple and will only lead to more adoption and help Ripple establish a stronger foothold in the financial world no doubt pulling a lot more attention and eyes no doubt. I'll leave a link to one or two articles below for reference if anyone would like to read more into the news.
🌠 Wanted to get something out real quick for you guys since it seems the market's just picking up on this news and I thought you guys may like some positive news! Here are the links below as well to the announcement and some additional articles on the subject. Technically wise to keep it simple, I'm not paying too much mind, things are going to be volatile as the market takes the sudden news so we'll keep updated on that for more as usual. Thanks for tuning in as always with me and feel free to leave a like and follow for more updates as always! May you all have a blessed day.
ripple.com
www.bitcoinsensus.com
~ Rock '