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XRP breakoutPlease 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free. Ripple broke the (red) major downtrendline (click the idea below to see it the whole downtrendline) ...and then consolidated in form of triangle. Recently it broke up out of this triangle📐 and I think there is chance for run to 0.6330 and even higher. Setting BUY LIMIT order to previous range high to catch🎣 the pullback. ENTRY : local high @ 0.5063 STOPLOSS (SL) : local low @ 0.4800 TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 0.6330 REWARD RISK RATIO (RRR) : 4.8 INVALIDATION : when SL level hit Check my other stuff in related ideas. Please boost🚀, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Long
by bizmark
6
XRP: DO or DIEPlease 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free. Don't be just a taker, be a giver! 👍🏻 Ripple has been stronger than most of other coins recently but yesterday it just hit resistance confluence - the major downtrendline (red) plus local uptrendline (dotted yellow, previously broken, now backtest). Zoom in. I think the recent strenght of XRP stemmed from fact that price has been supported by major uptrendline (lime) around 0.3 where it bounced several times in last months and recently just decided to lift off in order to break up the major downtrendline which capped all the highs in last 18 months (almost). If it's really rejected once again, I think we will drop down back to the lime uptrendline and will break it down later. In case of upside breakout through the red downtrendline, pump expected. Ripple, DO or DIE! Check current bearish BTC setup down below. Check my other stuff in related ideas. Please boost🚀, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Short
by bizmark
14
XRP, ART OF THE SHORT.Hi Traders, After the pump to the final 0.54c price gap took place we now face another short entry opportunity, i updated the prior XRP posting when re-entering short 0.535c but in general anything above 0.50 is a decent entry for returns. Indicators as-well as BTC look read to take a dive. WHY ART OF THE SHORT? Shorting/dumping is the MM way of taking back the gains made by retail on the easy climb, the 'ART' begin that when XRP dumps it should return to the 0.405-0.375 target area to clear leverage AND that will likely occur in a time amount of time in comparison to the build up time - perhaps 2 days in totality to wipe out the entire % gains. So the beauty in shorting is that its opportunistic in nature and exceptionally high returns over short time periods. The trade is to short at-least 0.525 and above for a good entry. Target area 0.405-0.375 (roughly a spot 25% GAIN and in a short time period, much higher with leverage.) I am also naked shorting, meaning without hedging anymore - i would not open a long at these levels so no desire to hedge. Goodluck, Asset Mastery
Short
by AssetMasteryandInvesting
XRP (XRP) - October 10Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (XRPUSDT 1W Chart) The 0.4989-0.62 interval is the interval that determines the trend. Therefore, it is important to be able to support and rise in this section. (1D chart) A volume profile section is formed over the section 0.5455-0.6070. So, the key is whether we can break through this section upwards. If it falls below the 0.47-0.4989 section and receives resistance, it is highly likely to lead to a further decline, so a Stop Loss is required to secure cash. If the price is maintained above 0.47, it is highly likely that it will lead to further upside as it is showing an uptrend on the 1W chart. Therefore, if it rises above 0.62, it is expected to rise to the 0.7418-0.7788 section. ------------------------------------------------------------ ----------------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator contains indicators that indicate support and resistance points. ** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor). ** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100). (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
3
Ripple - Symmetrical triangle and bullish breakoutToday, we would like to update our thoughts on the Ripple cryptocurrency. We continue to notice signs of exhaustion from the technical perspective. At the moment, we closely watch the symmetrical triangle on the daily chart of XRPUSD. The recent breakout from the pattern is bullish. However, we have no reason to change our bearish bias on Ripple. As we noted previously, we continue to think that the recent bounce higher still represents merely “buy the rumor, sell the fact” behavior. That view is also supported by bearish macroeconomic factors, which will be challenging for the whole market to overcome. In addition to that, a lawsuit between the SEC and Ripple Labs, Inc. continues to loom over the fate of this cryptocurrency. Because of that and other factors, we stay committed to our price targets at 0.30 USD and 0.28 USD. Illustration 1.01 Illustration 1.01 shows the daily chart of XRPUSD. The bullish breakout took place from the symmetrical triangle, which is normally considered a continuation pattern. However, we would like to point out a significant decrease in volume as the price continued to rise and finally broke to the upside; that is a bearish development, suggesting a further loss of momentum. Technical analysis - daily time frame RSI shows signs of exhaustion. The same applies to MACD and Stochastic. DM+ and DM- are bullish, with ADX suggesting the peak of bullish conditions. Overall, the daily time frame suggests that the bounce nears its end. In order to invalidate this thesis, we would like to see a pick up in volume accompanying a breakout above the recent high. Illustration 1.02 Illustration 1.02 shows the monthly chart of XRPUSD. The yellow arrow points to the low monthly volumes. That reflects little interest among new investors, which is bearish. Technical analysis - weekly time frame RSI and Stochastic are bullish. MACD is also bullish but stays in the bearish zone. DM+ and DM- are bullish. Overall, the weekly time frame is bullish; however, the trend is weakening. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:XRPUSDShort
by Tradersweekly
61
XRP (XRP) - October 3Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (XRPUSDT 1W Chart) The key is whether it can rise above 0.4989 and find support. (1D chart) Resistance: 0.4989-0.62 Support: 0.3283-0.3466 If the price is maintained outside the long-term downtrend line (1), it is expected to rise. However, since the 0.4989-0.62 section is the section that determines the trend, it is expected that the upward trend will continue when it rises above this section. ------------------------------------------------------------ ------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator contains indicators that indicate support and resistance points. ** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor). ** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100). (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
The SEC vs. Ripple Labs, Inc.A brief history In 2004, a few years before the introduction of the white paper and Bitcoin by Satoshi Nakamoto, Ryan Fugger conceived the idea now known as Ripple. Initially, Ripple was not based on blockchain technology. The development of blockchain technology and its implementation within Ripple began in 2012 after Ryan Fugger handed over his project to Chris Larsen, David Schwarz, and the former co-founder of the infamous Mt. Gox, Jed McCaleb. Subsequently, this group of entrepreneurs founded OpenCoin and that same year began to use RipplePay source code to create their own ledger-based payment network for financial institutions. Later, in 2013, OneCoin was renamed to Ripple Labs Inc. and began raising funds. That same year, Jed McCaleb departed from the company to pursue the Stellar Lumens (XLM) project. Meanwhile, the Ripple cryptocurrency rose from a mere fraction of a cent to the all-time-high value of 3.55 USD in 2018. Although, after tens of thousands of percent in gains, Ripple lost more than 90% of its value within the following year. After that, in March 2020, XRP found a bottom and started to rise in a new bull market propelled by an unprecedented amount of quantitative easing and stimulus checks being handed out to American citizens by the government. However, despite other cryptocurrencies reaching new all-time highs, Ripple's performance remained muted in comparison to the previous bull cycle, with many people blaming it on the SEC lawsuit from December 2020. In a new uptrend, Ripple reached 1.98 USD before erasing most of its gains and returning to the range between 0.20 USD and 0.40 USD. After two years of court proceedings, the case nears its end, which has started the bullish speculation that elevated the price to a recent high of 0.55 USD, and which led us to announce a warning to investors. Just two weeks ago, we called the bounce characteristic of “buy the rumor, sell the fact” behavior. Today, we still hold this notion and remain bearish on XRPUSD. Accordingly, we stick to our price targets of 0.30 USD and 0.28 USD. The rationale behind our reasoning is described below. The SEC lawsuit against Ripple Labs Inc. In December 2020, the SEC filed an action against Ripple Labs Inc., alleging that the company raised 1.3 bn. USD through an unregistered digital asset securities offering. Based on the SEC's complaint, Christian Larsen, the company's co-founder, and Bradley Garlinghouse raised capital to finance the company's business by selling cryptocurrency tokens to investors in the U.S. and globally. In addition to that, Ripple distributed billions of XRP tokens in exchange for labor and various services. As if it was not enough, Larsen and Garlinghouse executed personal sales worth approximately 600 mil. USD, potentially breaking federal securities laws by not registering their sales of XRP tokens. The latest developments within the lawsuit and Hinman's remarks A few days ago, U.S. District Court Judge Analisa Torres ruled to release the documents from the former Director of the Securities and Exchange Commission's Division of Corporation Finance. These documents relate mainly to the speech of Hinman at the Yahoo Finance All Economic Summit in 2018. In his 2018 speech, Hinman said that some cryptocurrencies would not be considered securities (and which many investors seem to consider bullish for XRP in the past few days). However, we would like to remind investors that right at the beginning of his speech, Hinman noted that opinions conveyed in the speech are opinions of his own, and not those representing the SEC. Then, just about a minute later, Hinman proceeded to distinguish between securities and potentially “something other than a security.” He noted that if a cryptocurrency carried a third-party promotion, it would most likely fit the security description. Subsequently, he described a promotion as raising funds (through selling tokens instead of issuing a stock) by promoters to fund a company's operations with the goal of achieving financial gains for themselves and their investors. Furthermore, he provided the example of the SEC case versus W.J.Howey Co. from 1946. In that example, Hinman outlined how the character of a transaction is a determining factor in whether an asset is a security or not. He later continued clarifying how a transaction could potentially not represent a securities offering. For that matter, he stated that the network on which a cryptocurrency is based would have to be sufficiently decentralized, and “purchasers would no longer have reasonable expectations that a person or a group will carry out managerial and entrepreneurial efforts”. According to Hinman's following remarks, only under such conditions, a transaction might not represent an investment contract. After that, Hinman finally proceeded to make remarks about Ethereum “while putting aside a fundraising of that company.” He stated that at “the current” time (in 2018), offers and sales of Ethereum were not securities transactions. Then, he said that over time there might be other sufficiently decentralized systems, like in the case of Bitcoin and Ethereum, while omitting any other cryptocurrencies, including Ripple. In next Hinman's remarks, he talked about “a plethora of federal regulations that apply beyond the securities laws.” Furthermore, he noted “a few things” that the SEC could look at in order to determine whether an asset is a security. “A few things the SEC could look at” or ask 1. Is there a person or a group who sponsors the promotion and creation of the sale of the asset? 2. Does a person or a group who sponsors the promotion and creation of the sale of the asset play a significant role in the development and maintenance of that asset and its potential increase in value? 3. Does a person or a group who sponsored the promotion and creation of the sale of the asset retain a stake and/or other interests in the digital asset? 4. Did the promoter raise an amount of funds in excess of what might be needed to establish the running and functional network? If so, did the promoter indicate to investors how these funds might be used to support the value in the 5. secondary market (or increase the value of the enterprise)? 6. Does the promoter continue to expend funds from the proceeds for enhancing the functionality or to just enhance the secondary market value? 7. Do people or entities other than the promoter exercise governance rights and have a meaningful influence on the network? 8. Is the token creation commensurate with meeting the needs of real users rather than feeding speculation? 9. Are independent actors setting the price, or is the promoter supporting the market? Our assessment As it is impossible to tell what will be the outcome of the legal battle between the SEC and Ripple, we are allowed only to speculate about the court ruling. However, based on Hinman's introductory remarks in his speech regarding personal opinions and not those of the SEC or its staff, we would argue that the speech is a weak point of evidence for Ripple. Indeed, we think the same about Ethereum and Bitcoin statements. Hinman said that Ethereum and Bitcoin were not cryptocurrencies at that particular time (during the speech - in 2018). Meanwhile, the lawsuit pertains to the period around 2013 and not to 2018. In addition to that, Hinman did put aside the early stages of Ethereum and its fundraising. Furthermore, he did also mention several requirements for a cryptocurrency to be potentially viewed as something else than “a security.” These requirements would require no third-party promoter and a sufficiently decentralized network, among many other requirements like no reliance on entrepreneurship of a company's leadership. However, after Ryan Fugger sold his project in 2012, the development of Ripple blockchain technology solely relied on the company's new management. Furthermore, the management (allegedly) profited from the sales of XRP as Larsen and Garlinghouse executed personal sales worth approximately 600 mil. USD. In our opinion, all these points represent a significant obstacle for Ripple to winning the SEC lawsuit. DISCLAIMER: This content is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade. The article serves solely educational purposes and contains merely alleged information and not actual claims about the actions of those described in the article.
Editors' picks
BITSTAMP:XRPUSD
by Tradersweekly
102
Keep an eye on XRP! - May break out soon!Here's a quick look at the XRP 2 hr. chart. As we can see, the price has been forming a symmetrical triangle and we should keep an eye out for a break above or below the triangle. A break above the triangle will probably push the price higher, and if the price breaks below the triangle, the price will probably go lower. ------------------------------------------- The idea is: Buy when the price breaks above 0.475$ and take profits at the levels shown in the chart. Targets: 1. 0.49$ 2. 0.51$ 3. 0.54$ ------------------------------------------- What are triangles when it comes to trading? Key points: "1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape. 2. Triangles are similar to wedges and pennants and can be either a continuation pattern if validated or a powerful reversal pattern, in the event of failure. 3. three potential triangle variations can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles." ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
by MBM_Crypto
4
Ripple - We warned but nobody listenedIn our last idea on Ripple, we warned about the inevitable end of the rally and a return to reality. Indeed, even before that, we dismissed why it would not be possible for Ripple to reach sky-high valuations like 100 USD or 1 000 USD, which many market participants seem to be forecasting. Despite that, however, our view has not changed much. We remain bearish on XRPUSD and think it will go back to its 2022 lows over time. Accordingly, we maintain our price targets of 0.30 USD and 0.28 USD. Illustration 1.01 Illustration 1.01 shows the weekly chart of XRPUSD and two yellow rays. The bullish breakout above the second ray took place; to confirm our bearish thesis, we would like to see the price break back below the Ray 2 and hold there. Technical analysis - daily time frame RSI turned bearish. Stochastic is also bearish. MACD is neutral. DM+ and DM- are bullish. Overall, the daily time frame is turning bearish. Illustration 1.02 The picture above shows the daily chart of XRPUSD within the wide range. We previously outlined that the breakout above the range would be bullish; however, once it occurred, we said we would pay close attention to volume. Subsequently, volume was declining while the price was rising, leading us to speculate about the potential top. Technical analysis - weekly time frame RSI is bearish. MACD points to the upside but stays in the bearish area. Stochastic points to the upside. DM+ and DM- are bullish. Overall, the weekly time frame is still slightly bullish. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BITSTAMP:XRPUSDShort
by Tradersweekly
53
Market Update 9/25/22 Why We Cant Have Nice ThingsTIMESTAMPS: ________________________________________ BTC 0:00 Why the Macro Still looks Bad 7:02 ETH/BTC 8:33 DOGE 9:35 XRP 12:55 Closing Statements 19:45 ________________________________________ I go over what I think pretty quickly and then go into the nuance of the movements and then a quick overview of ETH/BTC, Doge and XRP. I recommend watching at least the first 4-5 minutes of the video. Summary: the Macro looks horrible and that hasn't changed. The price needs to reach around 22.4k within the next couple of days for me to even consider a change in mid-term trend. The fact that BTC mainly moves when the stock market is open hasn't changed either. There are conflicting buy and sell signals on the short term now with converging sell signals on the 2 and 4hr timeframes. Yesterday's day candle, to make things worse, hit the target we needed to hit on todays candle, 4 hours before it needed to be hit. Furthermore, were collapsing back down to hit the target we need to hit (today), with the downward trend from everything crated on todays day candle thus far. I mention Doge XRP and ETH/BTC also, but not much has changed with those. Check near the end of the video for XRP as it is the only one that may have a chance of doing anything. Though, depending on where the day timeframe candle ends for btc things could be bad in the short short term and indicate weakness coming into the stock market this Monday. Now, I wait for things to happen, so none of this means much to me until we start these candles where I want to see them. I just like to put out my thoughts to better explain my thinking and show how this strategy can be used for the longer time frames and similarly for the shorter time frames. Also BTC starting the week right under the Day hull and with a down trend on it, generally shows a big drop chance on the short to mid term. I will be streaming the Week candle change, starting tonight at 19:30 EST (UTC-4). As I always do.
BITFINEX:BTCUSD
by TrendLINEBoys
3