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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.
BITSTAMP:XRPUSD
by Tradersweekly
100
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
Market Update 9/23/22 The Sound of Bulls?TIMESTAMPS: ________________________________________ What I want to see in APPL: 0:00 How that may translate to the SPY,DJI,NDQ 4:46 VIX 5:40 APPL Possible Concerns/Targets 6:16 BTC/USD 8:36 ETH/BTC 10:00 DOGE/BTC 11:00 XRP/USD and XRP/BTC 15:05 Closing Statements 19:37 ________________________________________ I go over what I want to see in the first 3-5 minutes and then I go over some crypto pairs that look like they have big potential moves (more so continuations) coming up. Those are ETH/BTC, DOGE/BTC and XRP/BTC. We started the day bearish like I expected and ended in the range I expected. Though the in-between was certainly not what I expected. I was somewhat surprised we didn't break to 146.60, but I thought that even if we did early in the day, that it had a high chance to return to the area APPL ended at. Otherwise we start next week over sold and had a strong reason to move back up to test. Which didn't seem like a great idea for longer term bears. I am still looking forwards to whether we start above or under the Week 500 hull for APPL as a general idea of whether we return or fall off the cliff, but the sentiment going into this weekend feels bullish. We will see if BTC can end slightly above the Day 500 hull (18945) as it usually does indicating an attempt to move back up and breathing room for alts.
NASDAQ:AAPL
by TrendLINEBoys
#XRP/USDT 1DAY UPDATE BY CRYPTOSANDERS !Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer for all, thank you, guys. Ripple (XRP) UPDATE:- Ripple has been one of the strongest performers in a market that has otherwise seen only red in the past week. With an increase of 54% in the last seven days, XRP is back in the spotlight, fueling rumors of what could have caused this surge. This most recent rally came to a halt when the price hit the resistance at $0.55. XRP is taking a break after such a significant move and consolidates under this crucial resistance. The support is found at $0.44 and may not be tested if buyers remain interested. This move from XRP has surprised the market, considering BTC and ETH have made lower lows this past week. The biggest question is if buyers will manage to sustain this rally and protect these most recent gains. XRP is known for its sharp increases in price, only to be followed by a gradual correction back to previous price levels. Sorry for my English it is not my native language. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
2
XRPUSDT - Parabolic or Sucker Rally? 🤔Hi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩‍🏫 If you've been following me for a while, you'll now that I am extremely bullish on XRP - have always been. Infact, here's a recent video I made on the potential and why I am bullish on XRPUSDT :https://www.tradingview.com/chart/XRPUSDT/ESk3jZbV-XRP-The-Most-Undervalued-Altcoin-BY-FAR/ If you were lucky enough to jump in at these levels, now might be a good time to consider taking profits. It's an odd time of the cycle for XRP to rally, so just to be safe I would take most of my profits here. However, to consider further upside potential, there are two things I'm watching : First, the monthly candle close and secondly the technical indicator Phoenix Ascending together with the Bollinger Bands. XRP is currently trading right above the first ever major support zone around 40c. There is another 7 Days left on this monthly candle. What we need to see now, is a monthly CLOSE ABOVE this level. If we do, we can consider more bullish price action for XRP and I'd be happy to add another short term swing spot position with a TP zone at 74cc. That would be a whopping 53% increase and might happen over the course of a few days. However, if not, then this was likely just a fakeout and more bearish price movement can be expected. Don't forget to have a great weekend 🥂 _______________________ 📢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
by CryptoCheck-
18
XRPUSD 100 % pump before the dump (NEW)Most likely XRP price will pump more as RSI downtrend has been broken. XRP season has started and the short-term uptrend will continue. 100 % move expected. We expect the price to reach $0,90 - 1 $ in the next 2 or 3 weeks. After that the price should reverse and the long term downtrend will resume. How to trade: 1. If you want to long, look for an entry on lower timeframes. 2. If you want to short, wait for a price to reach the resistance. Good luck
BITSTAMP:XRPUSDLong
by vf_investment
2
Ripple XRP - Bull trap! Don't fall for this pump, important! This pump on XRP is a bull trap to wipe out short traders before we continue lower to 0.1-0.2 USDT. Of course, you can trade XRP on the 1h chart and profit from this pump, but this analysis is on the 3D chart. There is still room to go to the upside, so for short-term traders it's definitely an opportunity, but it's very dangerous in my opinion because this correction might already be complete. The Bears have a fantastic opportunity to enter a short position at the top of the parallel channel + the POC of the previous symmetrical triangle. It is a common thing to re-test the symmetrical triangle at the apex point. The trend is still very bearish on the higher timeframes, so this is just a temporary uptrend, which I would never long, because the trend is your friend. I don't know, maybe it is. XRP has been in a bear market since 2017. It has been 5 years and we didn't even hit a new all-time high during the 2020–2021 bull market. We have strong support at 0.1 USDT, where we can also take stop losses below this swing low before continuing higher. As per my Elliott Wave analysis, this whole structure is totally incomplete and I am missing an impulse wave dawnward. But after all, I think XRP will experience a massive bull market, maybe in 2023-2025, to new all-time highs because it looks very solid on the monthly scale. For more analysis, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
45
XRP/USD - Whales are BUYING! What do they know??? 🧐XRP broke its range and rallied hard ever since. Now facing resistance at $0.50 level. Break that and we have a runner. But let's not get ahead of ourselves, this is a major resistance level, won't go down without a fight and looking at the macro... XRP is an outlier. Unless the bankers are planning to FOMO into XRP or some central bank will use Ripple for its CBDC, don't see this lasting too long in the current context. Regardless of what I think, the chart is bullish, so trade accordingly, but don't FOMO below major resistance. You will get REKT. Like and follow if you liked this idea!
Long
by DU09
3
Ripple - "Buy the rumor, sell the fact"In our previous idea on Ripple, we stated that it was one of a few cryptocurrencies that failed to reach a new all-time high during the latest bull cycle. Additionally, we expressed our bearish views on it over the coming months, set price targets at 0.30 USD (medium-term) and 0.28 USD (long-term), and presented a conservative setup with two possible scenarios. Since then, the price of XRPUSD has shot to the upside through the short-term resistance, which is a bullish development we previously outlined. Typically, such price action would invalidate our price targets on the downside for the short-term price target. However, fundamental factors (increasing interest rates and economic tightening) driving the primary trend have not changed, which allows us to stick to our price targets. Indeed, the abrupt move accompanied news that came out regarding the legal case between RippleLab and the SEC. It took merely a few hours, and we are already noticing a wall of bullish posts forecasting the reversal of the primary trend and the beginning of a new bullish era. However, we have little faith in this thesis because of the slowing global economy and growing geopolitical problems coupled with risk aversion. We acknowledge that thin volume can lead to a higher price in the short term. However, we think the rally will not sustain in the medium and long term. Furthermore, we believe the recent price action is just a short-lived hype like in the case of other cryptocurrencies that already underwent breakouts to the upside (which were dampened in XRP) from a wide range (in July and August). As for the short-term, we do not know how much higher XRPUSD can go. However, we are already seeing several warning signs. Because of that, we will pay close attention to volume and price action. Other details are described below. Illustration 1.01 Illustration 1.01 shows the conservative setup we showed on 8th September 2022. Since its introduction, the breakout to the upside took place, hitting a bullish trigger. Subsequently, the price ripped up more than 40%. Technical analysis - daily time frame RSI is overbought. MACD and Stochastic are bullish. DM+ and DM- are bullish. Overall, the daily time frame is bullish. Illustration 1.02 The picture above shows the price action that followed since the introduction of our setup. Declining volume after the breakout serves as a warning sign, hinting at the evaporation of buyers after the steep climb in price. Technical analysis - weekly time frame RSI, MACD, and Stochastic are also bullish. DM+ and DM- are bullish. Overall, the weekly time frame is bullish. Illustration 1.03 Illustration 1.03 shows a similar decline in volume on the hourly chart of XRPUSD (this time on Binance instead of Bitstamp). 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:XRPUSDLong
by Tradersweekly
28