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XRP AND A QUICK FRIDAY LOOK🔥 Hey hey, happy friday, it's definitely a busy one but hope everyone's doing well. As usual, we'll get going with our thoughts and try and keep things short. 🔥 Gonna focus on technical for the most part today as we look at things and follow up from our previous idea which is also linked below for reference. 🔥 Looking at our 2 hourly we can see that we're still we continued with the trend and we're able to keep within that ascending channel but we did end up hitting a pretty tough resistance at $2.5 at which we got a pretty quick reversal, sell off. More than likely a coordinated move to sell off enough to have us lose that 200 EMA which was successful. 🔥 We ended up losing that 200 EMA and as of currently we've exited our ascending channel so to get reference on things we've got our Fibonacci chart below to find some good horizontal levels, especially as we approach an important support level being $2.99-3 🔥Next few day's I'll be keeping watch of that Fibonacci Retracement Chart for those levels. It's not perfect but gives some pretty good insight on things and these sort of horizontal channels we've got. Take $2.45-$2.42 for instance. Whenever we got out the channel we broke out or at least tried to and whenever we fell below that $2.35 support we'd get vice versa and fall, retrace. 🔥 So main things so watch right now are whether or not we can keep within that channel or if we'll fall into the one below and if we can regain that 200 EMA or if we fail by which then we could be seeing a retest of $2.99 and should that fail look to $2.20 and $2.10. 🔥 Regardless, XRP still stands in a great position for the long term as we last noted on our previous Big picture idea and whatever happens within the next few days and weeks will simply be market makers playing their game and technical running things till we get some more news or developments. On that note I've got to run but happy we could get something quick out today. 🔥 And as always, thanks so much for the support! Really appreciate it and let's keep at it till, same as ever. Always have more to gain and get done, work towards. Till next, keep posted and have a positive day. Best regards, ~ Rock'
BITSTAMP:XRPUSD
by Rocksorgate
1
XRP AND A BIG PICTURE LOOK!🥂 Hey hey, hope everyone's doing well! Great to see how things have been moving this week for the market as a whole, especially for digital assets with XRP leading the pact, been a while since we did a big picture look at our technical so figured we'd do a quick update and as always thanks for giving me a few minutes of your day. 🥂 First thing off the bat is XRP breaking $2.5, in our latest idea we spoke on XRP and we're watching for a retest of that $2.48-5 level which proved to be successful and we kept within our ascending channel even breaking out of it as I'll show in the chart below on the hourly time frame: 🥂 So not only did we keep within the ascending channel but we broke out of it and have kind of formed this new channel which is gonna gave a much better look on the shorter time frames now that we know we can watch this for bullish or bearish trends, pivots. 🥂 Main challenge on the hourly is to keep above that channel and if we do retrace and enter the channel next goal would then be to avoid falling out of that channel, keep pushing much like we did with our ascending channel that helped us get the confirmation we wanted and see that $2.5 successfully get retested and beat. 🥂 Next thing up is our chart below, I went ahead and added a Fib. Retracement to give us some clarity on where we stand right now for a big picture view and we can see that as we stand right now, we're at this pivot basically. $2.5 is that make or break it point so now we'll have to see if bulls can sustain enough pressure to keep above $2.5. 🥂 One good thing to note is that each time we retest these levels we have more and more support and positive sentiment behind XRP and Ripple which continues to build and form partnerships thus every time we hit these levels there are more and more people and financial institutions that believe in XRP and the coin only grows stronger with every retest and with each and every single day. 🥂 Whether we keep the pressure and break, keep pushing upwards or retrace and fall back the same fact will stand true, XRP will continue to build it's backing and continue working towards it's goals and cementing itself in the future as we know it. I can definitely see XRP hitting $3-5 within the next few months if the company keeps playing it's cards right and the SEC approves a Spot XRP ETF which would be a solid win to say in the least. 🥂 Definitely keep all this in mind and feel free to add to your own charts, we're at a pivot point on the daily and for the hourly I would watch those channel's and that EMA, that's about the main things for right now. 🥂 And as always, thank you so much for the support, really appreciate it and hope everyone's having a great day, and many blessings, let's keep at it and stay tuned for more! Best regards, ~ Rock'
BITSTAMP:XRPUSD
by Rocksorgate
3
XRP DISTRUPTS AND TAKES ON HEALTHCARE!⚕️ Hey hey, hope everyone is doing well, before I start just want to give thanks as always, appreciate the support and let's keep at it. ⚕️ First thing right off the bat is a pretty exciting development I'd say! In a crazy development Wellgistics Health made the announcement to integrate and incorporate the use of XRP into their company and infrastructure utilizing the digital currency as a treasury reserve as well as a form of real-time payments. ⚕️ This is the first time we're seeing a publicly traded company, not to mention a healthcare company integrate XRP this much into their infrastructure and system in such a manner highlighting their faith and confidence in the asset, In the announcement they highlighted many benefits and incentives such as the speed, noting XRP's settlement time of just 3-5 seconds as compared to traditional methods such as ACH and wire transfers which can take days. ⚕️ I could continue listing but I'll share the bullet points they made: Speed: XRP settles transactions in 3-5 seconds vs. 1-3 days for ACH or wire transfers, allowing for near real-time settlement among pharmacies, suppliers, and manufacturers. Cost: Less than $0.0002 per transfer vs. $10-$30 for standard bank wires. Transparency: All transactions are logged on the XRP Ledger for real-time compliance, rebate tracking, and auditability. Scope: Supports global vendor payouts with significantly low foreign exchange and wire transfer fees. Flexibility: Allows for XRP-backed lines of credit to support independent pharmacy liquidity. ⚕️Welligstics Health then went on to add and highlight the use cases across the ecosystem as they put it: Real-time settlement between pharmacies, suppliers, and manufacturers Smart rebates calculated automatically based on real-world data XRP-backed credit lines to enhance liquidity for independent pharmacies Global vendor payouts with near-zero foreign transaction and wire costs Immutable compliance layer supporting DSCSA reporting and pricing validation “We’re working to unlock capital velocity with surgical precision,” said Mark DiSiena, CFO of Wellgistics Health. “We believe that our XRP-powered infrastructure will allow us to run leaner, faster, and with more control than any of our peers in pharma infrastructure.” ⚕️ I'll share the reference to the announcement for any that want to read more on it but just off these points alone we can see just how much the benefit and incentive is for the company to incorporate XRP into their infrastructure which would put them ahead of the competition, essentially making them the first movers. No doubt others will be looking to Wellgistics Health to see the impact this makes in the next few months for the company, especially for their balance sheets and should things play out well I don't see why other companies won't follow in suit. So definitely excited by this development. Now we're seeing real utility kick in and XRP's purpose and use case being put to the test on a real scale. ⚕️ For reference NASDAQ:WGRX is essentially a middleman and provider that supports a wide range of categories and services in the pharmaceutical sector, the main being pharmaceutical distribution, prescription technology, as well as clinical fulfillment in which Wellgistics connects over 150 direct manufacturer contracts to a network of over 6,000 independent pharmacies nationwide. So we've basically got this huge player in the industry picking XRP as an alternative and essentially reworking their infrastructure completely around this digital asset. There's no doubt they did their due diligence and I'm sure the results will be noticeable for the quarterly reports, especially when you consider how much the company will save on transaction fees for a company that primarily deals in transactions the difference is incalculable to say in the least against traditional methods. ⚕️ Here's a reference link to the announcement as well for anyone who would like to read further into things. www.globenewswire.com ⚕️ We've spoken many times on XRP and how it's real use case and utility has yet to really be put to the test so seeing this will really give us some good data and insight on the asset's real use case and what kind of role it'll play in the future, as I noted, I'm sure other companies will be looking as well to see how everything plays out and more than likely, we'll get positive results and start seeing other companies in other sectors begin to incorporate XRP into their own infrastructures. ⚕️ That's the wonderful thing, XRP doesn't just work for one sector or one company, it has so many use cases and utility it can be scaled in many ways for many industries and I think the next few years will have us seeing this come into play without a doubt and XRP's real utility and role taking place and shape. After all, we're still basically just starting off still funny as it may sound. ⚕️ For technical we'll keep things quick first using the charts below for reference: ⚕️ Used a Fibonacci Retracement picking our lowest and highest price points which honestly gave some pretty good insight, we can see just how accurate price action matches our Fib and those horizontal levels giving us a clear picture of things. ⚕️ For this chart I simply changed the Fib to blue and added in our ascending and descending channel's to simplify things, we had that ascending channel help Bull's keep pushing but once we lost that channel and hit the $2.5 resistance we can see just how quick traders we're to take profit and in turn we fall out that chanel and formed the current descending channel we're in. ⚕️ For the last chart we took away the Fib and this is the barebone of stuff. Can see how we moved up within this channel and then started retracing once we tested that horizontal resistance level at $2.48-5 putting us in our current position in which Bull's will have to keep price above that Fib. level of $2.32 which would help us avoid falling back into that descending channel and losing the 200 EMA. So basically if we stay within the channel we'll fall further and if we can break out of it and avoid losing that 200 EMA then we get another shot to retest $2.48. ⚕️ I have to run but If you've made it this far I appreciate it as always and hope the read was a productive update and informative, feel free to follow and keep tuned for more as always and don't just make it a good day, make it a great one. Best regards, ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
XRP CLIMBS AND A QUICK TECHNICAL🔥 Hey hey, hope all is well, been a few days and figured I'd chime in and we'd do a quick rundown on our technical and look into how our chart's currently playing out, this shouldn't take too long so feel free to join, thanks. 🔥 Right off the bad we can see how this sort of resistance level formed after we last got that channel rejection in April which ended up pushing us further down and down until bulls were able to break that level and get the much sought after breakout which in turn saw our 20,50 day EMA's finally converge which in turn led us to see bulls taking back that 200 EMA which only boosted things propelling us back up into our ascending channel. 🔥 We already know that ascending channel has been doing a lot for us the last few weeks, so it's fair to see that resistance hit again at $2.4 which in itself is a win considering we we're able to establish a higher high versus our last local high on the 28th in which the highest candle closed out at $2.33 so definitely gonna take this latest pull back up as a bullish win. 🔥 Main thing we'll have to watch for now is the bottom of our channel, we already know we'll likely see some price action start trading within the channel as both sides gear up for another tense battle but all of this is excluding a new exciting development for Ripple which I will get into with the next idea. 🔥 Just wanted to keep this idea simple and technical for our technical traders out there, watch that ascending channel and those EMA's. We've already discussed and focused on the fact that the EMA's are lagging indicators but the fact still stands they can give us good confirmation on the trend and it's direction so definitely keep those eyes peeled. 🔥 I've got to run but thanks for tuning in as always for a quick ta, really appreciate it and definitely keep tuned for that next idea with the new development, excited to post on that when I get back and as always, thanks for the support and let's keep our heads up. Best regards, ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
MASTERCARD PICKS XRP AS BRIDGE PAYMENT! ⚡ Hey hey, hope all is well, been a few days since our last post, we got a cool development and I figured I'd give a quick update and follow up with things on that note! ⚡ To start off, Mastercard has now taken on and recognized XRP as a bridge currency for international payments making sure to denote XRP's significance as a token which can process expedited and low cost international payments offering a low-cost solution for traditional international payment methods. One of these traditional payment methods notably is the Society for Worldwide Interbank Financial Telecommunication or as it's better known and referred to as: SWIFT. ⚡SWIFT itself is basically a messaging network that helps banks all around the world process international money transfers averaging about 50 million messages a day or close to roughly $5 trillion per day and even including the 250 business days per year, close to $150 trillion a year. So basically we've got Mastercard picking XRP's fast and cheap expeditated transactions and network as a replacement to SWIFT's traditional message system. ⚡ May not seem too significant but considering just how much XRP is doing, it's slowly taking a bite out of the SWIFT system more and more as more companies and business pick XRP as their form of doing digital transactions replacing a system which has long been overdue for a change citing significant intermediary and middleman cost with traditional international payments as oppose to the sleek and efficient system that Ripple has created and is working towards on a daily basis. 🔥 So yeah, this is a great development for us, it's another step in the right direction and another step towards the Future and change that the company Ripple is seeking to bring about no doubt. Below I'll add a reference link to the Mastercard document which mentions XRP as a bridge currency as well as an article that speaks more on the subject for anyone who would like to check that out. x.com www.livebitcoinnews.com 🔥 I've you've made it this far, I appreciate it, we'll take a quick look at our TA and wrap things up. 🔥 In our last idea we noted the main thing was just to watch that ascending channel and see if we could keep within it and we indeed have, we did have a 200 EMA crossover on the 3 hour but bulls managed to pull back up and into the channel so we're definitely in some wavy waters here. We're really testing that channel support as bears try to break it but bulls keep firm. Main thing right now is to watch if we can keep within the channel and potentially make another leg up to $2.4 and break $2.3 which is proving to be a strong horizontal resistance level. 🔥 So basically watch the ascending channel and the horizontal channel, if we do fall out of the ascending channel, next up will be the horizontal channel for a test of support so keep noted with that. Technical aside though we still do have the chance of the SEC approving an XRP Spot ETF soon which if done soon, would more than likely have us seeing a significant breakout and shift in sentiment on behalf of retail and institutional investors so definitely keep your eyes peeled. 🔥 I've got to run but I appreciate the time and and support as always, you already know I'm more than happy to keep you guys updated with me as we continue on with this long but well worth journey. Thanks so much as always and till next, keep posted and have a great day! Best regards, ~Rock'
BITSTAMP:XRPUSD
by Rocksorgate
1
XRP | Second Wind or PUMP AND DUMP !!XRP is on another bullish leg at the current moment, moving strongly towards the next resistance zone. I would however trade with much caution, considering the extreme pump and dump nature of the coin. With high gains in short timeframes, but also massive losses in sort timeframes. A sharp wick towards the 50d moving averages already shows the buying pressure has likely peaked, even if the price can push higher the BINANCE:XRPUSDT test of the 50d MA is an early sign that bullish pressure is on its last leg: I will say this: short term, if you look at the chart, you simply must be bullish. But I still won't touch XRP with a ten foot pole at this price. Other altcoins such as TIA present much better, lower risk entries. _____________________ BINANCE:XRPUSDT
by Crypto-Check-
XRP GETS THE ETF APPROVAL!✨ Hey hey, hope all is well, happy to be here with some good news as I'm sure many of you have heard as well, we knew this week could be intense but this is great to see, and without further delay, we'll give the quick rundown. ✨ Yesterday the 27th the U.S. Securities and Exchange Commission Approved three XRP ETFs from ProsShares which is an issuer of ETFs. The ETF's will be three XRP-tracked ETFs as listed: an Ultra XRP ETF, an Ultra Short XRP ETF and a normal short XRP ETF. So basically two ETF's with x2 leverage for the long and shorts and one normal ETF for basic shorts. ✨ Also to note is that the SEC has yet to approve ProShares separate application for a Spot XRP ETF so their still waiting on that approval alongside other asset managers with other XRP spot fund applications such as 21Shares and Grayscale so it seems the SEC is still waiting to approve any direct spot futures on XRP so when that does happen it'll no doubt boost price action and bolster sentiment. I've also added a reference link below to an article on the ETF's for anyone who'd like to read more into the matter. www.theblock.co ✨Below we'll also take quick look at our technical analysis for the day highlighting a new channel that's formed since we last broke out of our descending channel. ✨As the chart demonstrates, we can see that traders managed to avoid falling below the horizontal channel we spoke on last time and that combined with the ascending channel that's formed and this ETF news has really helped XRP rally back up already over 6% for the week so happy to see the development and the S&P 500 itself has been rallying the last week so that's helped too. ✨ I'll leave the idea here for now, we mainly just have to watch that ascending channel for price action and hope traders can keep price within the channel and continue pushing, especially with the ETF news to help, so keep watch for that on the technical, watch news for the beyond technical and keep posted with me for more updates of course! ✨ As always, thank you so much for all the support, really appreciate you guys and let's keep at it, things will work out. Best regards, ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
3
XRP AND CRYPTO WHERE DO WE STAND NOW? 🔥 Hey hey, hope all is well, it's another day and another chance to make a change and difference so let's keep at it and give it our best. 🔥 Last few weeks as shown in the chart below we've been following XRP which has been stuck within this descending channel and dragged down along with the S&P 500 as the market took a dive the last few weeks with Trump's tariffs and all the uncertainty surrounding him. 🔥Next we'll look to our 1 hour chart depicting that exit from our descending channel with the horizontal channel as well signifying strength above our $2.00 mark with bulls currently taking the lead, especially as the S&P 500 and market has been more optimistic the last few days contributing to things. 🔥 Main thing right now is to watch that horizontal level and that $2.3 mark which has proved to be resistance a couple times already so we can look to that for a pivot or possible breakout indicator when we come back up again to that mark so I'd set some alerts for that as well as $2.15 which is the top of our horizontal channel. I've been following this channel since the 19th and we can see just the kind of impact it'd had on price action from when we formed this on the 19th as shown below: 🔥 Since then it'd been pretty clear that once we exited the descending channel traders then took to that horizontal channel for price action, indicators as we can see we fell out of the channel once or two before getting pulled back in and breaking out and above the channel bringing us to where we currently sit above it and with that 200 EMA underneath us. 🔥 Next few days I would keep mindful of that 200 EMA as well as the channel, no doubt if we fall back within the channel we'll likely be caught up with some sideways trading action again as traders search for the next breakout or fall depending on how the market sentiment is next week, most of that will fall upon Trump and his words. 🔥 It should be noted that in the last few day's Trump's tone and stances have shifted with him essentially turning down the flame as he expressed, especially after Monday in which trump met with the CEO's for Walmart, Target, and Home Depot which are amongst three of the nations largest retailers with the CEO's warning trump on the effects of his tarrifs and how it would leave shelves empty and disrupt their supply chains. This meet seemingly promtped Trump to shift his stance announcing on Tuesday that he was in the works on trade talks with China looking at much lower tariff deal than the current 145% and clarifying that he had no plan or intention on firing Powell which spread fear and uncertainty in the market last week with some rumors floating around. So we'll have to see what stance Trump takes next week and if he can keep the flame down, and linked below is a reference link to an article for anyone else that wants to read up more: www.axios.com 🔥 As always, so grateful for the support and everything, appreciate you guys and wishing all the best till next, let's keep our heads up and keep pushing! Best regards, Rock'
BITSTAMP:XRPUSD
by Rocksorgate
1
XRP Wave 2 or Wave B incoming Part 1Hello there, I am presenting a bearish (short term; current post) count and a bullish count (in my next post). This is showing that we hit a truncated top (see previous posts; attached) and we are coming down in the $1.9 - $1.4 ish range to compete Wave 2 (or could be Wave B) of cycle. I see us pushing to the $2.9 - $3.2 ish range to finish the C wave of the Major wave B of the wave 2 before finishing. it seems to me that we are making a Flat in this sideways chop. please review and ask me any questions GOD BLESS AND TRADE ON Stay Humble and Hungry
BITSTAMP:XRPUSDShort
by schu3269
6
XRP Completed wave 2 early call?Hello friends, Just wanted to post this and potentially call the end of the wave 2 correction of the Major Wave 5. It's possible we have completed this sideways combo. Finishing with a zigzag to finish the Y wave. If we go any deeper it may be actually a larger correction hitting to mid $1.5 ish.. I don't expect that to happen. It would be on the lower probability end. Lets see how everything plays out with the count. I did a small buy at $2.02. Have some more funds on the side just in case we go lower. GOD BLESS and TRADE ON MATT
BITSTAMP:XRPUSD
by schu3269
2
XRP Updated Cycle Wave 5 of Wave 2From the spike we had yesterday, it looks like we have two options. Either we are making an 1-2, 1-2 OR we are not finished with this wave 2.. Considering how fast we went yesterday, usually I don't prefer that to be an impulsive wave. From the many counts and charts Ive studied there is an higher probability its a corrective wave, hence, an X wave in this case. X waves are named "suckers rally" for a reason. The price action we had from the retracement looks like an impulsive wave. This will indicate how we will finish this larger Wave 2. According to how sideways double combos end in this specific pattern set up, we are looking for a zigzag to finish. The B wave should be a 3 wave move to mirror the size and structure of the A wave impulse in the Y wave we are forming. I will be looking around $2.60 ish - $2.80 ish for wave B to finish. Plan to sell some XRP around there. Let's see how it plays out. GOD BLESS AND TRADE ON
BITSTAMP:XRPUSDShort
by schu3269
XRP | BIG NEWS | How XRP Gets to $10A few weeks ago I made an update about rumors of Bank of America using XRP for its internal transactions. The United States is the world’s largest economy, with a GDP of about $27 trillion. If a major like Bank of America were to adopt the use of XRP, consider how it processes trillions of dollars every day. Imagine what this can do for the market cap. Currently, these transactions are run through traditional payment systems like SWIFT and FedWire. But if Ripple can come in with a real cost saving advantage, it's very likely that other banks may follow. Apart from internal transactions. these banks play a key role in global financial transactions, which means that any shift towards the XRP could lead to massive liquidity inflows and increased daily trading volume for the currency. In case of limited adoption within US banks, the price may rise to $2-5 in the medium term. In the event of widespread adoption within the United States, if XRP becomes a core part of the operations of major banks, the price could reach $10-20, but this would require fundamental changes in the financial infrastructure. In the event of global adoption led by the United States, the price could range between $20 and $50, but this requires years of development and legal regulation. __________________________ BINANCE:XRPUSDT
Long
by Crypto-Check-
5
Trumps Tariff War and Crypto's Fight🔥 Hey! Hope everyone's doing well today, it's been a hectic last couple days as ever, especially with these tariff's Trumps been throwing out which has pushed the crypto market down even puling Bitcoin down to hit a 3-week low which saw the cryptocurrency drop below it's historic $100,000 mark. 🔥 Over the weekend Trump imposed a couple tariffs on Mexico and many Canadian imports of up to 25% and 10% on goods from China which will go into effect Tuesday. 🔥 With that news coming out over the weekend it's understandable that crypto crashed, with cryptocurrencies being the only thing that runs 24/7 we can see how traders effectively took to selling cryptocurrencies off the news and crypto ended up being the proxy for the news and ultimately taking the hit. Here's a link for reference: www.reuters.com 🔥 Thankfully we can see how after the plunge crypto's recovered pretty well so that's been great to see that but gives us some good reference points at the very least, can see how XRP plunged to that 1.77 point before buyers snatched up that absolute bargain so least we can identify a solid support above $1.70 should we ever fall again or get another selloff. 🔥 And now we can see how XRP is trying to break back up into that $3 territory though we're facing that resistance at $2.8 understandably so definitely keep an eye out since we'll have to watch out for a possible breakout or if we'll retrace and converge with that 200 EMA again. 🔥 I've got to go but hope this idea helps some, wanted to get a quick post out while I had the chance before I leave for work, so thanks for tuning in and the support as always, really appreciate it and wishing all the best till next! ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
XRP/USDT Is This the Perfect Entry for a Big Move ?This chart of XRP/USDT, showcases a long position setup with a detailed entry, target levels, and stop-loss placement. The price action is currently positioned within a key support zone, defined between $3.05 and $3.15, where significant buying interest has been observed. Historical price movements indicate multiple bounces from this region, reinforcing its role as a strong demand area. The outlined trading plan leverages technical analysis to project potential price levels and manage risk effectively. A stop-loss at $2.96 is strategically placed just below the buy zone to minimize downside exposure. The initial resistance level is $3.18, marking the first potential profit-taking zone. This is followed by subsequent targets at $3.22, $3.26, $3.30, and $3.35, which align with prior highs and areas of selling pressure. These targets provide incremental profit opportunities as the trade progresses. The chart also indicates a bullish breakout from a consolidation phase, with increased buying momentum evident in recent candle formations. This momentum is expected to drive the price towards the resistance levels, provided there is no significant selling pressure. The risk-to-reward ratio improves considerably with each higher target, making the trade favorable for disciplined execution. This setup is designed for leveraged trading. The approach amplifies potential returns while ensuring risk remains controlled through a predefined stop-loss. The $3.18 and $3.22 levels are critical for determining the strength of the bullish move, as price reactions at these points will dictate the likelihood of reaching higher targets. This trade balances calculated risk with substantial profit potential, leveraging technical patterns and key support-resistance dynamics to optimize the long position strategy.
Long
by wolfchemist
4
JANUARY 20TH! XRP UPDATE AND TECHNICAL! 🔥 Hey hey, hope everyone's doing well as always. Here we are now at the 20th with Gensler out and Trump now in office. I'll keep this idea brief since I have to leave soon for work so thanks for tuning in! 🔥 In yesterday's idea we noted that today would likely be a green and positive day which to say in the least it has been but we'll take a quick look at the technical: 🔥 In our 30 minute chart we can see XRP did end up breaking out of the descending channel we highlighted in yesterday's idea so that's been great to see and we just barely pulled up to $3.36 before that reversal started once we hit the resistance. 🔥 I decided to add a Fibonacci chart to see if that could help us identify any levels of interest which has worked out! We can see what levels do what now and use those for future reference in the next few hours, days. 🔥 Something of note I wanted to say is that in Trumps America First Priorities speech there was no mention of crypto nor Bitcoin. Investors took that with a heavy heart and we can see things how things sort of revers as the day's gone on understandably. Many we're anticipating trump to make an announcement or executive order on crypto but with that not looking to be the case we're getting this sorta buy the hype sell the news event. 🔥 Doesn't mean we're in a bad position but that's simply what looks to be driving today's market action. I've got to get ready for work but wanted to get those highlights and points of interest out for you guys, keep an eye on those levels and that 200 EMA. 🔥 Thanks for the continued support and as always, keep posted for more till next. ~ Rock '
BITSTAMP:XRPUSDLong
by Rocksorgate
1
GENSLER'S EXIT AND TRUMPS INAGURATION! XRP IMPACT🔥 Hey hey, hope everyone's doing well today. Sure most of you are busy so I'll keep this short and concise. Thanks for tuning in as always. 🔥 With the exit of the SEC's Gary Gensler tomorrow as well as trumps inauguration in which many are anticipating, expecting trump to execute a series of executive orders, primarily in regards to the digital asset industry as he's voiced his support of cryptocurrencies and America holding a dominant position in the field. 🔥 Alongside trump's Inauguration we have Gary Gensler's exit which the crypto and digital asset industry is celebrating and no doubt that will be met with positive sentiment tomorrow alongside trump's inauguration. In lieu of Gensler's exit the SEC has also seen a number of ETF submissions highlighting what many are looking to as a positive road ahead for the digital asset space as many expect the SEC will take a kinder stance to the digital asset space now with Trump as soon to be president and Gary Gensler out of office. Referenced below is an article highlighting the recent ETF submission for any interested. cointelegraph.com So definitely expecting prices to be volatile tomorrow, anything can happen but as far as I can see, things look positive, it's been years in the work, but things are working well for Ripple and it's holders. We've persevered and the wait will be well worth it. 🔥 And as for a quick technical look, we're still within this descending channel so I'll be keeping an eye on that to see whether or not we can get a breakout or if we'll continue the trend down though with how tomorrow is looking, chances are we'll have a green day to say in the least. I've attached a 30 minute chart below for reference as well: 🔥 Have to go but as I said, a short and concise idea. Expect tomorrow to be volatile with news and positive sentiment likely driving the market so keep note of that and keep posted as always, let's make the best of it and thanks for tuning in, till next! ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1