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XRPBTC

Another interesting XRPBTC fractalSo when trying to understand what the hell XRP is doing, I looked at the chart further back in history. Then I noticed an interesting fractal pattern early in XRP's history, in the 2013-2014 era, when the coin was still young. Turns out, XRPBTC back then did something extremely similar. Eerily similar actually, and that although the situation back then was absolutely different. It did the same doube peak structure, then the fakeout pump, and after that dropping even lower, before then starting to recover and kreeping slowly upwards in XRPBTC for a very long time. Basically it kept creeping up for a year until there was a pretty impressive rally in XRPBTC in the middle of the BTC bearmarket. This is a rally that many people seem to forget. I don't know what happened back then, even though I was in the market, back then I had other coins and didn't yet understand the utility of XRP. So XRP can do rallies even in BTC bearmarkets, I assume there must have been some kind of strong bullish news. The similarity to today is obvious: Depending on when the SEC case is resolved, I assume XRPBTC will be creeping upwards slowly, and then when the case is resolved, BOOM, XRPBTC will see a rally no matter what BTC does. Repeat, no matter if BTC is in a mini bearmarket or if it is at 200k. I have been following the case, and I think the probability for settlement is extremely high, followed by XRP winning the case. But since the SEC cannot sue other crypto companies if Ripple wins, hence those A-holes won't get funds from penalty fees (yes this is actually the business model of this very cool and absolutely not corrupt UA government agency), they will most likely settle so that they can continue suing. Or Ripple will decide not to settle and crush the SEC, so that the crypto sector is protected in the future from their immoral suing behavior. Anyways, so depending on WHEN this happens, I assume that we will then see an impressive rally in XRPBTC, and until then a slow creep upwards. As always, what does this mean for XRPUSD? Well, this of course depends 100% on BTC, so please keep that in mind. If BTC does the mini bearmarket now, accordinlgy the XRPUSD price will be lower. So for example settlement is reached, XRPBTC starts to rally for 6-8 weeks, peaking at 0.00025-0.0003, and BTC is at only 30k-ish at the peak, we are looking at a top of 7-9 USD. However, should the case drag out until late 2022, and BTC is then already at 200k, accordingly this means that XRP will surge from a baseline of a few dollars, to around 50 USD. We must be patient :) But I still believe the reward will be worth it. Until then, XRP will just follow BTC. So one can trade XRP like BTC. I think that BTC will revisit 15-20k, so one could sell a portion of XRP now in the bounce to 50k, and rebuy XRP lower when BTC hits 15-20k. That would be a possible trading strategy.
Long
by SebastianofMoon
16
XRP - Where is it now?XRP is going through a very healthy downtrend channel. Unlike most of the coins in this market such as Bitcoin and Ethereum, It hasn't formed a very strong bearish flag or pattern. But it doesn't mean that it's gonna pump or anything because honestly, everything depends on Bitcoin's decision right now which is a whole different topic to talk about: Overall, it's not a very good time to buy. also don't open any long positions right now since the market is super fragile. Current Market Price: $0.6075 Good Luck Tell me your ideas. Like and Share
by ShawnMCR
XRP Bottom .28-36c by mid-July -> Explosion Early Aug to $5 - $7Decided to use a little math on this chart and found the bar distance between optimized buy (green vertical) and sell (red vertical) zones from historic price charts paired with understanding that XRP / USD breakout's occur when the price exists the 8/1 Gann Fann on 5/5 of the previous parabolic explosions. The distance between 2017 ATH and each separate bull run became shorter in bar time and is now expecting to see a parabolic run to $5-$7 in August which aligns with a fundamentals of JED MC Tacostand Wallet running out of XRP and the lawsuit to reach settlement and end price suppression.
BINANCE:XRPUSDLong
by BramwellFoxCEO
1
XRP - That is what is happening!!! 🚀🚀Update on Ripple!!! After a long trade in the area, xrp fell 35%, broke through the $0.65 support level, gathered liquidity below the $0.52 level, and bounced back to the $0.65 level. The price has now squeezed near that resistance level. I think the price could break this resistance level and move up into the value area, I am now looking for entry opportunities. Guys, don't forget about stop losses, it will save your money! Write in the comments all your questions and instrument analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
by Yuriy_Bishko
11
Ripple’s 30% rally bows to selling pressure under $0.7 Ripple gained ground to $0.67 after the massive weekly selloff to $0.52. Overhead pressure under $0.7 results in a retreat to $0.6. The MACD reveals that XRP is still in the bulls’ hands. Ripple suffered greatly under the battering jabs from the bears at the beginning of the week. The feared downfall to $0.5 occurred as XRP tumbled to $0.52. Meanwhile, a recovery followed swiftly, with Ripple gaining the lost ground above $0.6. The bulls stretched the up leg toward $0.7, but the momentum lost steam at $0.67. At the time of writing, trades at $0.62 following a minor correction. Holding support at $0.6 is crucial for the resumption of the uptrend. However, Ripple may retreat further before bulls throw another jab at $0.7. Ripple’s weakening on-chain metrics could be hindering recovery On-chain metrics play a key role in the performance of most crypto assets. Understanding the signals from the metrics helps investors make informed decisions. According to data from Santiment, the number of new addresses joining the XRP has dwindled over the last 30 days. Moreover, the XRP price has been falling in tandem with the addresses. For instance, from a 30-day high of nearly 4,800 addresses created on May 24, only 2,055 addresses were created on the network on June 23. On May 24, Ripple exchanged hands at $0.86, but the price had fallen to $0.64 on June 23. Declining network growth is usually a bearish signal, ascertaining that the project is losing traction. Hence, if the metric fails to turn around, XRP price will likely delay recovery or continue exploring the rabbit hole. On the flip side, the Moving Average Convergence Divergence (MACD) hints at the trend remaining in the bulls’ hands despite the correction from $0.68. Realize that the bullish outlook emanates from the MACD line (blue) sustain the divergence above the signal line. Besides, holding above $0.6 support may allow bulls to focus on recovery toward $1. Ripple price intraday price levels Spot rate: $0.62 Trend: Bearish Volatility: Low Support: $0.62 and $0.52 Resistance: $0.7 and $0.85
BITFINEX:XRPUSD
by CoinGape
1