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🌊 XRP AND CALM WATERS 🌊FOLLOW UP 🌊 Felt like making a quick follow up to yesterday's chart so we're here now, thanks for stopping by as always. much appreciated! 🌊 Anyway, we're still within this consolidation channel and XRP has indeed regained that 200 EMA on the 1 and 2 hour timeframes which is a pretty good technical to see but we'll need some more confirmations such as a break above 0.624 to get a bullish trend. RSI is confirming price action for us so there is that as well. 🌊 Just as we already noted, main thing is that we exit this consolidation channel to the upside which will by which our catalyst will likely be news of some sorts as that's usually what sets off these major trends and waves as we sometimes get to see. 🌊 Fundamentally wise we don't have much for new developments so as to why price has been relatively calm the past few days. So to watch, that 200 EMA and our consolidation channel to see whether or not we can break up and out of it above that 0.624 mark to get some good price recovery action going which will likely be seen in the next few weeks. 🌊 Leaving the idea here for now, I have to attend to some things but thought it'd be good to jot down some quick things and share some quick thoughts for the day with you all. That's about it and thanks for stopping by, feel free to leave any likes or follows as always, helps me out bit by bit! ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
🌊 XRP AND CALM WATERS 🌊🌊 Been a bit busy these past few days with a lot going on at home but I wanted to stop by and give some quick words regarding what's up right now and what we could possibly be facing in the next few months. 🌊 One thing to note is that today the SEC is meeting behind closed doors to discuss a couple topics which range from Institution and settlement of administrative proceedings. resolution of litigation claims, matters related to litigation, etc. Main one is the resolution of litigation claims being that while not named direct likely includes the discussion of the XRP case by which the SEC is likely looking to figure out some form of resolution and with any luck bring this thing to a close. Below is a link to the SEC notice detailing the meeting subjects. www.sec.gov 🌊 XRP's been pretty stagnant since my last post with us seeing some relatively calm waters, a stark contrast to what we've seen the past few weeks no doubt. Seems we're in this consolidation channel between what's basically 0.59 and 0.624-3 so I'm keeping an eye out on that for now. 🌊 Chances are it'll be news that contributes or kickstarts our next major move, trend so definitely keep an eye out for any news. Fundamentals aside technically we're having trouble finding a grasp on our 200 EMA ever since we had that mountain fall and lost it on the 16th but then again we've got this consolidation channel so even without the 200 EMA right now we're not too bad thanks to that technicality though fall again below 0.59 and it'll definitely be choppy. 🌊 I have to leave but wanted to get some quick things out, I don't have any price targets right now just because we're in this point of consolidation with the market looking for the next trend. I see us going up in the next few months just with how the market's slowly coming out of this winter it feels and we'll be getting more legal clarity over the next few months so that fundamental is a good note. 🌊I have to go but all the best to you guys! Thanks for stopping by as always, really appreciate it. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
3
⚡️ XRP TECHNICAL ANALYSIS ⚡️⚡️ Hey! Hope you all have been well and blessed as usual, been busy as usual juggling a lot but no complaints, grateful for everything and life, giving the best one must! This idea won't be too long so thanks for stopping by ladies and gentlemen. ⚡️ Quite a bit has happened undoubtedly and we did in fact get a correction following the rally we'd had going up and hitting a peak of 0.73 cents on the 6th of November being 10 days ago from where we stand today. ⚡️ That being said I'm sure most of you already know about the XRP and false ETF filing story that tricked many resulting in XRP's price promptly shooting up to 0.71 with that candle even extending up to 0.73-4 cents before XRP handed back the percentage once it was revealed that the news wasn't real. Below is a link to the reference article which goes into detail more on the matter. www.coindesk.com ⚡️ Anyway I've added some lines to represent those channels of which we had those ascending and now our descending channel a detailed further below by our 3 minute chart on the local. ⚡️ 0.60 is our current point of watch as we've already had a previous test down here as we can see from the previous fall already so I've set my alert for 0.60 and 0.58 to keep an eye on things and whether or not we'll find support or continue to retrace. ⚡️ That's it for today's idea, wanted to keep it short but thanks for stopping by, appreciate you guys as always and your support through everything. Really means a lot and I know that one day all this will be well worth. Thanks and blessings. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
2
🔥 XRP ABOVE THE TRENDLINE 🔥🔥 Nothing too long here just another quick read. 🔥 Yesterday's idea we added in the new trend line in black pointing out the significance of that and effect with us managing to keep above the trendline and pull back above 0.6499 which was followed by that leg up as support seemed to flow in with traders seeing that we avoided slipping further down below. 🔥 That being said we do still have the consolidation channel I added in from a few days ago, that channel is still gonna continue to have it's effect on us as we can see for example with the resistance in trying to break to 0.68, into the channel. 🔥 We'll simply have to see if we can regain access to the channel and possibly get another leg back up though we'll have to see. We've got a higher high on the local so that's a positive but the main thing as always the 200 EMA though again it is a lagging indicator you can always keep an eye on it through the different timeframes. Already know the impact the 200 EMA has. 🔥 I've got to leave it at that since I do have to head out but wanted to get something out there quick for you guys, thanks for stopping by as always and wishing nothing but the best to you all! And as usual any likes or follows simply help me out, doing what I can day by day. All the best till next! ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
🔎 XRP STILL CONSOLIDATING 🔎🔎 Hey hey! You already know, real quick idea here for you guys and a short follow up on yesterday's idea! 🔎 Yesterday's idea had us adding in our consolidation channel following that initial exit from the descending channel (black lines) since then we've just managed to keep above that 200 EMA. I'm not going to go out here and say it's going to do this or that, you already know we keep it 1:1 here. 🔎 XRP's in this consolidation phase and for those that may not know, a consolidation is basically this sort of tug a war as I like to call them when a stock moves within one point and another sort of like an air hockey table as I like to think of it. It's a battle of air hockey and eventually we're gonna end up going one way or the other. 🔎 When you have a stock consolidating it's stuck within a sideways trading pattern/rough range. When you break out of the range up or down it can possibly start off a breakout or reversal basically which usually causes a big move like we've already seen XRP do time and time before. Until we exit the range though there's no clear way to predict whether or not we'll be headed up or down but that's why we keep it simple and note those channels and areas of interest. 🔎 Watch the channel and that 200 EMA for sure if you'd like but we already know the EMA is a lagging indicator though a good friend when it comes to confirmations so the strength that EMA will have of course will vary based on the timeframes so jump between 15 minute and 1-4 hour timeframes if you'd like. 🔎 That's about it! Again just a quick and reasonable idea as always! Thanks for stopping by as always and your constant support with the likes and follows, your support is appreciated as always. Blessings till next. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
⚡️ XRP QUICK TA ⚡️⚡️ Hey guys! You already know what's up! Difference with today's idea is that I'm going to keep it real concise, let me know any thoughts, trying to keep the length short without sacrificing quality of course so a work in progress. ⚡️ XRP alongside the broader market definitely seems to have hit that exhaustion point following the rally the past few days, weeks understandably. We did end up getting a mountain fall understandably but it's good to see that we've formed a sort of new consolidation channel. ⚡️ In yesterday's idea we already pointed out that 0.688 would be a pivot point and the charts are sticking pretty close to that idea with us finding strong resistance now at breaking, keeping above 0.69. That being said we have managed to keep things relatively calm even managing to regain that 200 EMA on the 15 minute and breaking out from the descending channel which helped boost us back up. ⚡️ Below is the 5 minute chart which shows the sort of tug a war within our consolidation channel. ⚡️ Main thing now is to see whether or not buyers can keep things up though volume alone signifies for us that traders are definitely willing to buy above 0.66 and higher showing confidence no doubt, curious to see how things progress over the next few days but no doubt traders are watching that channel for a break to the upside or below from what we can infer currently. ⚡️ I'll leave the idea there for now but thanks for stopping by of course, really appreciate it and hope you guys do well as always. Thanks for the constant support and blessings. Feel free to leave and likes or follows as well, simply helps me out. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
8
🌠 XRP INSANE DRIVE UP! IMPORTANT! 🌠🌠 IT'S AMAZING! I MEAN WOW! Hope everyone is doing great as always! Can't believe I'm writing up this idea, not to mention the fact that this is the start of something much bigger. 🌠 This read should just be a few minutes but it's important, and before I continue just wanted to say I'm really grateful to be a part of this. It's been a long journey the past few years but weeks like this make all the difference. This week's had a lot of developments from the Georgia Pilot project to the development with Dubai's Financial Authority authorizing the use of XRP in Dubai's financial trading center amongst some other developments the past few weeks and XRP's cases in the legal realm have given us nothing but boosts in what's been a long journey no doubt. 🌠 I'll spare you the chit chat but I'm just grateful to be able to be here and have you guys with me. Comment below how you're doing, haven't heard from some of you in a bit, hope everyone's well as always! I've added a quick technical below with two charts, the first chart is for the big picture 4 hour timeframe while the second one will be for the local, 5 minute chart. 🌠 From our 4 hour chart we can identify that we're at a real big resistance point for XRP just based off a quick look at our previous price action when we we're trading back up at this range just prior to August. So add that mark to your charts and set some alerts, could be that point for another breakout or our resistance. Either way, it's a pivot point. Below then is our local 5 minute chart. 🌠 Just based off our 5 minute chart we can identify that ascending channel and pinpoint that resistance which is already happening, the main thing to point out is that this whole time we've managed to avoid losing that 200 EMA on the low timeframe's as well as the longer one's such as the 4 hour, that's helped us get up high as we are alongside institutional investments this week. * I'm editing this section as I was about to post the idea but just noticed the major fall on the 5 minute which I'll add below to outline the importance of the ascending channel. So seems like that reversal or retracement may be starting but we'll have to see. 🌠 Historically we know XRP like's to pull up like a rocket sometimes before finding a landing zone and whether or not we'll find a zone or continue into a possible orbit is a valid question but I think the main thing that matters by this point is that technical aside. Whether or not XRP come's back down hard or just retraces a bit we know that they continue to grow and that this again is simply the beginning of something much bigger. Crypto isn't even a major part of society yet, imagine what the next few years hold for us. I'm ending the idea here but as I've continued and will continue to say, XRP keeps on pushing and doing it's work. Cheers to the wonderful Ripple team XRP has got. 🥂 🌠 I have no doubt that Ripple will continue growing and more and more institutions and nations will start taking initiatives and actions to adopt Ripple's services, the future is bright no doubt, thanks for joining me today as always, I've added a link below to an article highlighting some of the most recent developments for anyone curious. Again thanks for taking the time to join me today and please let me know how you all are, appreciate you guys as always and feel free to leave any likes and follow! Have a great and blessed day. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
7
🌠 XRP'S DRIVE UP 🌠🌠 Hope you guys are doing well per usual, thought I'd make a quick stop and we'd follow up on things. It's definitely been a pretty eventful few days with XRP alongside Bitcoin and the major market seeing some of the highest inflows in the past year so that's been nice. Especially considering we're heading into winter I don't mind some warmer weather on the charts. 🌠 In our last idea we noted we'd need a catalyst or some news most likely to get that break past our resistance and wow we've definitely had some developments the past few days as always. One example is Ripple's win in being selected as the official technology partner for the Digital Lari Pilot project which is being overseen by the National bank of Georgia (NBG). Ill delve more in this on the following idea but it's great and a good boost as well for public sentiment no doubt as ripple continues expanding. Another development is XRP's approval by the Dubai Financial Services Authority (DFSA) which will allow for any financial institutions operating in the Dubai International Finance center to use/ conduct transactions with the tokens. 🌠 XRP's continued within that ascending channel and basically just drove itself up to 0.62 before that retracement started and we can see by the blue outline that diagonal resistance that started and acted on things till it was broken pushing price up to that 0.6119 price point or 0.612 rounded up. Also this chart below is the 5 minute from the 1st of november but thought I'd point it out, crazy to see how much that ascending channel was affecting XRP's price. Simply fascinating. 🌠 Main thing here was that on the 30 minute we avoided losing the 200 EMA which of course would have most likely sent us further down should we have lost that. Definitely be sure to keep an eye on that 200 EMA as always though seems this week's just been a positive week for XRP overall. I won't keep the idea too long but the chart does most of the speaking anyway. For support currently watching that 0.59 level and 0.60 above for the more local. 🌠 Gonna go but wanted to get something quick out, hope you guys enjoy and have a great one as always, and any likes or follows always help, thanks and all the best. Below are related articles. www.businesswire.com cointelegraph.com ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
2
⚡️ XRP BREAKS OUT ⚡️⚡️ Not much I need to say here, yesterday's idea gave us our outlooks and we can see that we got that breakout on XRP after having crossed over the diagonal resistance we called out in yesterday's idea. ⚡️ Anyway we got that break out and regained the 200 EMA managing to avoid starting off a mountain fall and climbing back up out and away from our horizontal channel. The move itself isn't a huge move but in itself the impacts is. We basically hit the end of this wedge and at that make or break point we made it rather well. ⚡️ Only time will tell what happens next but if our past price action is any indication we'll have some big resistance here at that 0.56 point which we can already see playing out. News itself isn't too bad, there hasn't been much development on the case between XRP and itself and seems more like a lot could probably be happening behind closed doors but for what we know the waters are calm. ⚡️ Resistance is definitely gonna keep us from breaking past 0.56 more than likely unless we can get some more positive news or if buyers see/feel there's a reason to keep on buying which could happen but of course that's simply hope which we can't use. I'll be keeping an eye out for a possible reversal and should we end up reversing I'll watch the horizontal channel. We already know below the channel is bearish and above is bullish right now. ⚡️ I have to get going and deal with a couple things but I hope that's alright, wanted to get a quick idea and update out there for you guys, thanks for stopping by as always and all the best till next! Feel free to leave any likes or follows, always helps me out, thanks. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
🌑 XRP LUNAR ECLIPSE! 🌑🌑 Pretty wild to be honest, to dwell on the fact that tonight is 2023's lunar eclipse is crazy, I won't be able to see it myself but to those that are lucky enough to see the lunar eclipse, I wish you all the best and hope it looks great! 🌑 This won't take long either and should be pretty short. I've attached a 30 minute chart below highlighting that horizontal channel so that should help with some quick visual stuff. 🌑 Been a pretty intense week for XRP with us nearly seeing that 0.60 pop up before we got hit with the reversal though I've added in that horizontal channel between 0.544 and 0.548 which seems to be that sort of make or break it points between our current market buyers and sellers. I've also added the diagonal resistance line that's been forcing us down so feel free to add that on well for the 30 minute timeframe. 🌑 Main thing right now is to just keep an eye on those current indicators for our chart. Especially as we're at this make or break it point for that 200 EMA by which we can hold and regain ground or start off a possible mountain fall. We've come up this whole way managing to avoid losing the 200 EMA with the exception of the 27th but even so we haven't quite really lost it since this whole sort of rally started so I'm curious to see how that plays out if we do end up losing it and fail to hold support/ground here. 🌑 Set some alerts, especially for0.544 and that 0.541 horizontal level I've got if you'd like to keep an eye on things. Regardless we're just looking at a a small segment of a really big pictures at the end of the day so whatever happens happens, but always positive to note the advancements XRP has made this month whether it be the case or collaborations, developments. 🌑 I'm leaving the idea there for now, go enjoy that Lunar Eclipse and have a great day! All the best till next time as always and feel free to leave any likes or follows, simply helps me, thanks. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
3
🔥 XRP GAINS MORE GROUND 🔥🔥 Hope you guys are doing well today, I appreciate you ladies and gentlemen taking the time to stop by, means a lot. 🔥 XRP's gained more ground having exited from our horizontal channel to the upside forming some higher ground and a higher high having pulled us up to that 0.53 level. I'll be watching here to see whether or not we can form a higher high or if this will be our next ceiling/point of resistance. 🔥 I expect that 0.531 level to be a bit of a blockade for us no doubt, it's good to see how these horizontal levels have basically done pretty well to keep us up to date with those support and resistance levels having done the job pretty accurately. Alongside that we look to our EMA's and can identify how we've continued to gain having avoided losing that 200 EMA on the 30 minute timeframe with our 20/50 EMA's doing the job still. 🔥 I'm waiting to see when the next pullback in but I'd set some alerts for 0.525 and 0.514 in case we reverse down to that point and get into a price war as that 200 EMA will no doubt catch up to us at one point or another so when that comes to fruition I'll be sure to keep an eye on price action. Below is also the main chart with the ascending channel having been added. 🔥 That ascending channel is what's holding us up right now but once we exit that channel I expect things to lose momentum and start the retracement. I have to go but hope that's alright, just wanted to share something quick to keep you guys posted. Thanks and all the best as always, thanks for the continued likes and support. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
2
☄️ SEC DROPS CHARGES! XRP ☄️☄️ Thanks for stopping by this shouldn't take long but is very good to hear. ☄️ Crazy to see how long we we're stuck sideways trading between 0.479 and 0.492 before getting that breakout with this news of the SEC announcing that the SEC will indeed seek to dismiss all claims against Ripple's CEO who is Brad Garlinghouse and it's executive chair Chris Larsen. Something to point out is that the filing doesn't state the SEC is dropping the main civil case against Ripple, just dismissing it's claims against Brad and Chris which in itself is still a huge win. ☄️ With the SEC's other cases against high profile figures in the crypto space, to see a dismissal in itself for Brad and Chris is a great victory for XRP proving even more that the lawsuit was unjust. ☄️ I don't need to do much TA today, after all, most of this move up has been thanks to the news and that's been what has sent us straight up breaking our horizontal levels, pulling us up to that 0.526 level where we already know we'll have some big resistance, especially considering the last time we we're up here was prior to our big fall. ☄️ After an impulsive move like this I wouldn't be surprised to see some healthy retracement, especially as we've overextended away from that 200 EMA granted we've regained the 200 which is great but we've distanced ourselves from it so naturally wouldn't be to surprised to see trading acting try and pull us back closer to that 200 EMA. ☄️ The rest of the market has followed XRP with Bitcoin and other crypto's marking some nice positive gains for the week with news of a possible Bitcoin ETF being on the horizon, such in itself would create a huge opportunity for crypto of course to expand and become more ingrained in the financial world as it already is doing day by day like Ripple continues to do. ☄️ TA Wise I'm watching for resistance below 0.52 and support above 0.514. That is basically the make or break it for the levels, below 0.514 and we'll likely retrace back a while but a break above 0.52-6 could put us in a position to regain even more of a percent though all in all, it's good to see XRP regain it's ground. We already figured in the past idea that what was gonna send us up would most likely be the news so least we've got that down, what happens next will be up to the market makers and what sentiment is like up here. ☄️ I'm expecting some retracement as that's usually what happens after a big jump like this, I could be wrong but just my thought given past price action. Set some alerts for those horizontal levels if you'd like but if I may offer a cheers. It's good to see XRP continue to win both outside the legal system and within as they continue to push with their mission to bring XRP to the world's financial system. ☄️ Gotta go to the gym so I'm leaving this idea here for now but thanks for stopping by, really appreciate it and let me know thoughts on the dismissal, I've linked the article below for anyone interested. Thanks and have a great day, feel free to leave any likes or follows. ~ Rock ' cointelegraph.com
BITSTAMP:XRPUSD
by Rocksorgate
1
⚡️ XRP LOCAL TA ⚡️⚡️ Today's idea is gonna be pretty quick and simple so this shouldn't take too long. ⚡️ XRP following up from our last idea doing it's part to regain that 200 EMA continuing within out ascending channel. In yesterday's idea though we did give the ascending triangle and following up from that on the hourly can see how we are still within that ascending triangle roughly. Below is the hourly chart: ⚡️ Main point right now is that we're hitting that resistance at the top of our ascending channel/ the ascending triangle in trying to break 0.49 with bears definitely trying to keep the pressure on us with that large sell order clearly displaying strong resistance on behalf of one whale or whoever it may be that wants to pull prices down. ⚡️ I would watch the ascending channel as right now that'll be the catalyst for things alongside whether or not we can regain the 200 EMA or fail and get a double top here which hopefully doesn't happen but if so 0.485-6 is that support level where you should set any alerts for those that may like to keep an eye on price action. ⚡️ That's it for today, said this would be a quick idea and I've got to get ready for work, going in early today but appreciate you guys as always, wishing nothing but the best. Any likes or follows also help me out so thanks to those of you that continue to support me. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
3
🔥 XRP FOLLOW UP AND SUPPORT! 🔥🔥 Just keeping this quick, feels like that kinda day but thanks for stopping by of course! Appreciate you guys as usual. 🔥 Basically since our last idea XRP has managed to continue climbing and avoid falling further back below that 0.479 horizontal level with what's looking like a possibly Ascending triangle here as shown below on the hourly chart. 🔥 I've added some encircled points to highlight that resistance at 0.488 but if we can manage to get another break above 0.488 I can definitely see it as a good catalyst for a possible breakout back to the 0.50's with 0.492 being the first resistance to break but still. With the ascending triangle things don't look too bad, not we've had that support on the diagonal trendline below us keeping us in check from falling further but that's where the next point starts. 🔥 Just like the ascending triangle can help us get that breakout there's still the possibility of failing to break 0.488 and losing momentum which could put us in another precarious position if we we're to slip below that diagonal line, such could set us up for a bit of a drop admittedly but for that case you could set an alert below the line in case for 0.485 or so. 🔥 Main thing for me is whether or not Bitcoin breaks $27,000 soon or not, it's pretty clear that the market for the most part is still keeping some form of correlation with Bitcoin and whales are likely just waiting to see what Bitcoin does as it fights between $26 and $27,000 trading sideways for the most part this week. Just one of those pivot points is all, we're at another junction and though we can't see into the future, we can at least view our prospects with regards to how things may play out. 🔥 I have work soon so I've got to go and get ready, but thanks for stopping by as always, really appreciate it and all the best till next everyone! Feel free to leave any likes or follows, never hurts, simply helps, thanks. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
3
⚡️ XRP AND THE MAJOR MOVES! ⚡️⚡️ Hi, I have no time so I'm just keeping this short. Been absolutely burnt out with work, I barely have time for myself as it is with everything going on, but I'll at least get this idea out and respond to some comments later when I get more time. ⚡️ I did try to post an idea on the 7th however for whatever reason trading view didn't let me but I have attached the chart I had for that below. ⚡️ And here's with the title ⚡️ XRP did have that ascending channel and that was what I wanted to point out in the idea I wasn't able to get out, wanted to warn about that but now we can see the result after having lost that ascending channel which ended up pulling us down to just about where the channel itself started with us even getting that major pull down, longs squeeze. No doubt some whale or institution sold to knock out those longs. ⚡️ Above 0.479 XRP's managed to keep some grip though that in itself is a bit understated no doubt, I'd like to see more action first above 0.479 since this is the first time we're here since just about a month ago basically. Definitely set some alerts for 0.4973 in case we revisit below that though I doubt we'll see another fall quite as dramatic as the one on the 9th. ⚡️ Most of this was just a perfect set of events for the fall with the SBF trial ongoing throwing some shade at crypto and no doubt dimming public opinions and sentiment thus shaking up the market more at a time when Bitcoin was looking at possibly breaking some local levels which promptly ended up dumping Bitcoin below that $27,000 mark and sending the rest of the market down with it including XRP of course. ⚡️ So it's not just XRP that's taken the hit, the market as a whole has and in our case we had the two catalyst with the first being the loss of that 200 EMA on the hourly, 4 hour which was then confirmed once we lost and exited the Ascending channel failing to stick above 0.52 and getting dumped on. ⚡️ I'm not stressing crazy right now, we have seen this before but still always find it funny how the perfect storm seems to brew every time for crypto, we'll have good news and sentiment raise us up and help form good movement, and then we'll have weeks like this which do the exact opposite, for example we have the SBF FTX trial ongoing and we even had Jim Cramer yesterday commenting and issuing a 'major Bitcoin price warning' with him even being quoted: "A lot of the people who watch us are searching for ways not to lose money but to make money. I can't go out with gold cause gold is not good. I can't go out with Bitcoin because...Mr. Bitcoin is about to go down big". Definitely doesn't help us. ⚡️ To me just seems like a narrative, the whales pump up the news and sentiment buying in, then when they decide to sell they put out FUD like the jim cramer which in turn ends up helping send prices down, of course before this happens they make sure to take their profits and sell at the high before buying down at the lowest points and buying back in for a cheap price. They sell high and buy low. ⚡️ I have to go but all the best till next. Bye ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
2
XRP - Failure as a CryptoCurrency ? Deep Thoughts 💭Hi Traders, Investors and Speculators of Charts📈📉 For those who have been following me here for a while, you'll know that I've always been a notorious fan of XRP. I used to be a true "believer", #xrparmy and the whole deal. Followed all the XRP pimps (such as BlockchainBacker ) on Twitter back when Twitter was still blue... but recently, I'm starting to develop some serious doubts about the fundamentals of this altcoin. And I'm going to level with you here. These are just my thoughts, and you are still entitled to your own opinions infact we encourage it. As a trader; I can't help but notice the unusual price action on XRP compared to other coins. Did you know that XRP is one of VERY FEW altcoins / cryptos that has been unable to reclaim it's ATH for years after? Even with the benefit of being one of the first titans in crypto. Other coins have long surpassed their ATH's. But XRP made one high, and never again. This speaks of weakness in terms of value. And that can no longer be ignored. The unfortunate truth about XRP is that the trading volume is low, and buyers are not keen to buy XRP due to it's ever increasing unpopularity. This directly creates weak support zones and strong resistance zones, as there is little confidence in the coin and bag holders are all waiting for the first best opportunity to sell. Short term traders would rather take losses than hold indefinitely. XRP has become more and more unpopular over the course of time because of it's "Pump and Dump" price action. The SEC case and the whole controversy about the Taco stand (founders holding millions and dumping on the market) also didn't help. Don't misunderstand. I will still trade XRP. The big difference in my approach, is the matter of accumulating. I've been accumulating XRP since about forever. And I have decided I will no longer accumulate. Instead, as soon as the price reaches higher than what I bought for, I will be looking to sell my bags. Considering this argument and the fact that I'm probably not alone in this approach, you can see from a trading perspective how dire this outlook is for support and resistance zones. This is a real pity and hits close to my heart. It's hard to let go of an ideology you've held and defended for years. I really believed in the promise of a coin for institutions, cross border settlements etc. But unfortunately, as a trader, it makes no sense to hold a coin for years, no matter what great promises were made by the creators of Ripple. The truth is, if I bought as much DOGE as I did XRP, my portfolio would have been up x100 compared to now. This is sad, considering that DOGE and many others, like PEPE, are meme coins and hold no real fundamental value. The fact that meme coins do better than a coin " created for banking and large institutions " is a shock. And here's where you have to ask yourself... was it really? 💭So, what's the trading plan from here for XRPUSDT ? If you must trade it... Buy low, sell high. I'll keep making updates on SHORT and NEAR TERM targets. But LONG term targets are too hard to speculate. Focus on technical indicators and trendlines alone to get price targets. No more fundamental-analysis "value" targets. _______________________ 📢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 CRYPTOCAP:XRP BINANCE:XRPUSDT BITSTAMP:XRPUSD
by CryptoCheck-
64
🧊 XRP EXITS THE CHANNEL FOLLOW UP 🧊 🧊 Been a busy weekend with work but we're off now so thought I'd share a short and simple idea, chart speaks for itself overall for the most part. And thanks for tuning in of course for a quick bit. 🧊 XRP has exited from that channel as we wrote about in the previous idea, since then we did indeed end up losing that 200 EMA and that sent us down to the horizontal level of 0.492 before rebounding and finding support above 0.50 right now though whether or not that'll hold will have to be seen of course. Especially since this is the first time we've crossed back above 0.50 since the fall. 🧊 I'd set an alert for 0.50 just to keep an eye since it's a pivot point alongside the matter of that 200 EMA and whether or not we can actually regain it or if we'll fail to and likely slide back down and possibly more depending on how 0.492 does if we retest. 🧊 As usual, the horizontal levels are not new at all, if you know me you know these are pretty old levels and they seem to do the job pretty consistently at keeping tabs on XRP's price action, so if you haven't already, definitely would consider adding some to your charts. I'd like to say my work speaks for itself hopefully, especially the charts, I simply do my best here but I'm grateful to those of you that continue to be here, thank you. 🧊 We're just at a pretty sporadic point right now basically but most of this mainly falls upon Bitcoin and regular retracement as I'd pointed out would likely happen in my XRP's ASCENT idea a few days ago for anyone who'd like to read up on that too which is linked below. 🧊 Just using the ice today as a bit of a chill indicator, been a chilly feeling down here at that 0.50 point basically but just another day is all to us. I have to go but thanks for tuning in of course, appreciate it and all the best till next. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
2
💥 XRP EXITS THE CHANNEL! 💥💥 Real quick idea today, got some more overtime I'm doing so gotta run but this will be quick. 💥 Can see how XRP has slipped and fallen out of our ascending channel and on our 15 minute chart we can see the impact our horizontal levels continue to play out on trading from that support at 0.50 getting tested before we pulled back up to our 0.514 level on the 15 minute chart which I've linked below: 💥 I said this idea would be quick and it is, watch for that 200 EMA on the 15 minute to see whether or not we regain it but if we fail to then look to that 30 and 45 minute timeframe and keep an eye on the 200. If we lose the 200 EMA on either of those timeframes it'll likely start off a real sell-off, we just barely managed to lose the 200 earlier with that close flyby at 0.50 so bears are definitely taking advantage, especially as we've exited the ascending channel. 💥 Regardless I'm not fretting, whatever happens happens, still just focused on the long term but in the least to see a recovery like this has been real nice to see, even if we we're to fall back, we'll simply climb our way back up as we continue to do. I've got to go but have a great day and all the best till next, have to go work another job! Appreciate you guys and feel free to leave any likes or follows as always, simply helps. Till next. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
3
💥 XRP EARLY TA, CONFIRMATION 💥💥 I only have a few minutes, have to run and catch the train for some overtime I'm doing today but thanks for stopping by. 💥 With all due respect, I'd like to say I think my chart speaks for itself for the most part, only thing I've done is extend my ascending channel. In yesterday's idea we focused on the idea that we'd likely get a retracement or some form, especially if we reentered that ascending channel and it did just that even acting as a support as funny as it looks now to see. 💥 Again I don't have much time at all, but the chart speaks for itself. Just as the ascending channel has acted as a support now another possibility is if we lose it or were to slip out and below it expect some possibly sell-off or big sales granted the technical idea of things for some traders will be to exit for one reason or another but just something to note and add these markers to your own charts if you'd like. 💥Sorry I can't share much but I really have to go, thanks and have a great one. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
4
🔥 XRP'S ASCENT 🔥🔥 Thanks for joining me quickly! Gonna be a quick and hot idea here! 🔥 Following up from my last idea we can see how that ascending channel has continued to help XRP in it's push up funny enough. Our channel even acted as a support on the 20th when XRP buying pressure was enough to stop us from reentering that ascending channel and in turn propelled us back up to 0.52 where we're at right now. 🔥 All that is good and all of course but I did want to focus on the fact that we seem to be getting to that point of overextending away from our 200 EMA. For those of you that know me, you know that when we extend and pull away from our 200 EMA it's more often then not that we'll get a pull down by which then we'll eventually meet up with that 200 EMA again. 🔥 We did hit 0.525 but it wasn't exactly natural as we can see it was thanks to some buy entries that sent us up to that point so I'm more firm on 0.514-0.515 possibly being that pivot point. Especially as it'll now meet up with our ascending channel thus it'll either help form a support point or start off a reversal. 🔥 We've had this great rise up thankfully but I'd like to see some healthy retracement soon, after all, we know the higher we go up without some retracement here and there, the harder we can fall. There's no exact science to it other than traders like to see things occur naturally, anything other than natural and you likely won't get a natural result basically. 🔥 Keep an eye on that ascending channel, I'm expecting that we'll likely get some retracement or start off a reversal soon, especially if we come back down and reenter the ascending channel. It's helped act as good support on our way up but it can also act as a pullback now that we've had some action above and outside the channel. 🔥 So even while we're outside the channel it's had an effect on us, so imagine what happens if we reenter it now. If we reenter the channel which will most likely happen then look to the bottom diagonal line of the channel for support, we slip below that and we'll probably lose the 200 EMA and be in for a ride but again that wouldn't be unexpected, we've made it this far after all anyway. Least we know we CAN make gains and some good headwind unlike some other crypto's that are still getting smacked and barely recovering. 🔥 What I'm focused on here is the fact that XRP's recovery has been real good and it's done a good job at that versus a lot of other coins in the market. That being said we're looking at what's likely gonna be the start of a reversal or not if we're lucky but from what past experience, that's my best guess right now. Especially with Bitcoin looking like this: 🔥 Even with XRP doing it's thing if Bitcoin can't break $27,500 which in itself was already crazy enough to hit then some traders will likely start pulling profits or selling out of fear, other factors. We get that and we'll likely lose the 200 EMA soon for Bitcoin which in turn will drag a lot of the market down so want to point that out for you guys. 🔥 I'm chilling as usual though, even for September being the month it is historically, to see a push like this the past week as we wedge closer to October has been nice and good, mainly for the fact that we see there's still confidence in the crypto market even with everything that's happened the past few weeks. And that's what I've focused on. Long term as always we're still just sitting back and letting the waves go about. What happens happens, we're just focused on the future, not the next minute or two. 🔥 Have to go do some stuff as usual, life's pretty busy as usual but I'm happy to share something quick at least, so thanks for joining and hope everything's going well, appreciate you guys joining me for a bit as always, keep well and leave any likes or follows if you want, simply helps me out. All the best. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
⚡ XRP ASCENDING CHANNEL ⚡⚡ Thanks for tuning in, I'm just gonna keep this one short. ⚡ Following up from yesterday's idea XRP did fall below our 0.492 horizontal level but managed to pull up and reenter that ascending channel also regaining the 200 EMA in the process which saw us establish a higher high at 0.505 and break that 0.49 resistance before pulling back ultimately with that pressure from the top of the channel pushing down on us understandably. ⚡ We'll have to see what happens here at 0.49, whether or not we can sustain that price above 0.49 or not but that's gonna be up to the market now, we did get this good push back up after that 0.492 point but volume shows that it was in large part thanks to a large whale or entity entering so the hike up wasn't too natural but could also just be a whale's attempt to help XRP's price rebound. ⚡ I'm simply gonna be watching my horizontal levels and that ascending channel for the most part as that's about the main thing right now unless we lose the 200 EMA by which the levels is what will matter most by that point. ⚡ Said I'd keep this short and I don't think everyone like reading through these too much so that's it for today but thanks for joining as always and keep well. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
7