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XRPETH

ETH ecosystem to fund initial stage of crypto bullrunWhen markets rotate the money has to come from somewhere. Money can move in and out of one sector of the economy into the other, like money moving from industrials into technology or from fiat into precious metals. Money can also move around within a macro system from its constituent sub-systems. In the case of crypto, think we will see the Ethereum ecosystem beggared while money flows out of it into other ecosystems. In order to try and stay ahead of the rotations into and out of crypto and into and out of the various layer one projects within crypto I turn to the best tool I have, which is the charts. Once we have the layer one blockchain we care about we can look at other layer projects that ride on top of the layer one to move up the risk curve for more volatility as we see fit. ETH/Bitcoin Bitcoin is the biggest single slice of the crypto by fame and market cap. The double top threat is pretty clear at this point. The black double top appears to be an eve and eve with the difference between the first and second peak about 3.12% That is about as textbook as we could want to see. We just have to start breaking the neckline of the formation and we should start to see more volatility in the pair. Eth Dominance ETH.D is likewise in a double top but this one is a bit further away from the neckline. The targeting is much the same. Due to the structures of the uptrend I think that 40% draw down is very reasonable and realistic. XRPETH XRP appears to be in a ascending triangle against ETH with a target close to 2x if full performance is reached. Solana/ETH Solana is suppose to be an Ethereum killer and in the long run I think it will live up to its name. I think it has a couple of years for the ecosystem to mature before It does. A major sign of strength will be if this W pattern performs to target. That would have Sol putting up over twice the gains than eth does in the initial stages of this move. Polkadot ETH Dot has been moving sideway for the last 4 months and has created some bullish divergence on the weekly chart. I think we will see it slowly erode share out of eth. Kadena Eth One of my favorite layer ones to watch and maybe trade before I see my long term set up is Kadena. It is poised ot have a W pattern that pops it over 100% against eth. Cronos Eth Cro seems to be another coin in a wedge against eth. The target this cycle is over 300% away from the current level. ADA ETH Oh, look, it is another coin in a bullish falling wedge against ETH. Sure reaching the previous ATH might take a decade or so, but that is a decade to favor ADA over eth. Doge Meme Coin Versus Eth Want to consider something that at first glance seem moronic or hilarious? Doge has the structure to 70x eth over the next couple of years. Final thoughts The Eth team has done a lot to make their system more affordable to use. As price goes down the ease of use goes up and the adoption goes up. Ethereum is in the process of turning itself into a volume trade and not a profit margin trade. That might be a good thing for cryptocurrency as a whole but I am chasing alpha. Crypto gives me more potential alpha than equities so I play here. If the alpha is leaving eth then I am going to leave as well, no matter how good it could be for the world or the ecosystem. Daddy can't pay for his girls food and clothes if he doesn't get that alpha.
Short
by This_Guhy
18
XRPETH falling wedge/bull pennantWe can see that price action is reaching the apex of the white wedge/pennant and that the orange 50ma has now entered the pennant. Looking at where the stoch rsi currently is, odds are good that price can maintain support on the 50ma and that it could help lift or bounce price up out of the pennant and send it heading towards the breakout target. I have only posted the pennant breakout target here, the target for the wedge on its own will be a lower than this one, however I see that the pennant target share bullish confluence with the double bottom target so I feel that increases the odds that the breakout could result in it hitting the full pennant target instead of just the wedge target. Of course until a breakout is confirmed there’s still a chance it could go below the pennant and break downward instead although much less probable…it could also always do the classic fake like it’s breaking down when its really just pullling bad the slingshot before rocketing back upward and out of the pennant. We will likely see soon enough before September seems likely. *not financial advice*
by DrDovetail
2
XRP/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this XRP/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- XRP was back in the green on Friday after the Bulls abruptly ended a three-day win streak during yesterday’s session. Following a low at 0.5025 on Thursday, XRP/USD moved to a peak at 0.5134 earlier in the day. The surge saw XRP, formerly Ripple, once again make strides towards a key resistance level at 0.5450. it appears that the rebound came as the relative strength index (RSI) climbed back above a ceiling of 47.00. price strength is now sitting at 48.72, with the next visible ceiling near the 54.00 region. In the event this target is hit, there is a strong likelihood that XRP will move above 0.5400. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
3
🔝XRP +200%💥What Is XRP? XRP is a digital asset built for payments. It is the native digital asset on the XRP Ledger—an open-source, permissionless and decentralized blockchain technology that can settle transactions in 3-5 seconds. XRP can be sent directly without needing a central intermediary, making it a convenient instrument in bridging two different currencies quickly and efficiently. How Is XRP Used? Faster, less costly and more scalable than any other digital asset, XRP and the XRP Ledger are used to power innovative technology across the payments space. Ripple is focused on building technology to help unleash new utility for XRP and transform global payments. Third parties are also pursuing other XRP-related use cases.
Long
by MiguelFTCurado
6
#XRPETH - A Clear Break from Trend at Pinch PointTake a look at this chart, CTv2 has made some truly epic trades with #XRP / #ETH over the last 12 months or more, we've now got a fresh breakout of trend with price rising! There's multiple levels of resistance on the path upward so it may be a bumpy ride, with potential of upward of 50% gains to be made! _________ What Do You Think? If you enjoyed or agree with this idea - drop us a comment, like & follow! 😀 Ideas by theCrypster meet the guidance notes and disclaimer as mentioned below and within our website. See Signature for more info! ✌️ 🔥🔥🔥 Crypto Tipster v2 theCrypster 🔥🔥🔥
Long
by theCrypster
12
XRP-ETH short- 4HR viewHello🐶😃 Price created a rising wedge on the 4hr TF. I think we can expect to see some drop in price Over however, we recently broke up and out of a longstanding trendline 🐮 Short-term I am looking for a minor correction (retest of our blue trendline 🟦📈~0.00028) Blue trend-line above was formed over 1 month period📍 This chart can be indicative of when is XRP price going to turn bullish 🕡🧐 Thank you so much for considering my approach today Happy trading, Jazerbay ☯
Short
by jazerbay
7
Ripple - "Sell the fact"Merely a few hours after our warning, the price of XRPUSD fell more than 10% before recovering some of its losses. Interestingly, the price halted its decline slightly above the short-term support. Therefore, we speculate the price might end up trading within the wide range for an extended period; unless a breakout below the short-term support takes place and further confirms our bearish bias. Regarding fundamentals, they remained unchanged, with central banks pursuing tighter monetary conditions all over the globe (resulting in stronger fiat money versus cryptocurrencies). With that in mind, we have very little optimism about the prospect of a primary trend reversal in stock and cryptocurrency markets. We believe the bear market is barely halfway through, and much more pain is ahead. Accordingly, we stick to our recently updated price targets at 0.30$ (short-term) and 0.28$ (medium-term). Illustration 1.01 The image above shows the hourly chart of XRPUSD. The yellow arrow points to the highest spike in volume since the recent top. That confirms our bearish bias. Indeed, the volume spike came shortly after we shared news from @TradingView highlighting millions of XRP tokens being moved onto exchanges by whales, looking to sell at highs. Technical analysis - daily time frame SMA 20 and SMA 50 performed a bearish crossover. RSI, Stochastic, MACD, DM+, and DM- are all bearish. Overall, the daily time frame is bearish. Illustration 1.02 The picture above displays the daily chart of XRPUSD. The price stopped its decline just slightly above the short-term support; in its last rise, the price ceased its movement below the short-term resistance. A breakout below the short-term support will further bolster the bearish case. However, a failure of the price to break below this level might suggest that the price might end up trading within the wide range between short-term support and resistance for an extended period. Technical analysis - weekly time frame RSI, MACD, and Stochastic show signs of exhaustion. DM+ and DM- remain bullish. Overall, the weekly time frame is neutral/slightly bearish. 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
20
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
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
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
XRPETH continues to rise above a bigger inv h&s necklineAfter reaching the breakout target of a much smaller inverse head and shoulder pattern, the price action on the xrpeth chart has continued to pump and is now sitting above 2 necklines of a much bigger inv h&s pattern. The only resistance it is yet to break above is the yellow horizontal neckline of a double bottom pattern that also doubles as a horizontal channel. Flipping that top yellow horizontal line to solidified support will be the final confirmation we need to know that the inv h&s pattern is going to get validated. There are 2 different breakout targets posted here for the inv h&s pattern. The smaller one is for if the white neckline is more valid and the larger target is for is the turquoise neckline is more valid. I get the feeling both targets will be reached in due time. I will post the chart of the previous idea that showed the smaller inv h&s not shown here down below. *not financial advice*
Long
by DrDovetail
1
XRPETH just hit the target of a micro inv h&s breakoutWe can see it has wicked slightly higher than the measured move breakout target. More importantly, in reaching the target of the mini inverse head and shoulders, it has taken price back above the neckline of a larger inverse head and shoulders pattern as well. I anticipate a retracement candle or few to retest the neckline of the larger inverse head and shoulders neckline as support if it can solidify that larger neckline as support we should see XRP continue to make considerable gains against ethereum in the coming weeks and possibly even months. Once we have confirmation that we are likely to validate the breakout of the larger inv h&s pattern I will post another chart that focuses on its measured move. *not financial advice*
by DrDovetail
Ripple - Once a promising cryptocurrency, down 90% from ATHRipple has been trading predominantly within the wide range for the past three months, indicating a neutral trend. Despite that, we remain bearish on XRPUSD and await it to drop below the short-term support over time. Our notion is supported by a combination of fundamental and technical factors. However, the fact that this cryptocurrency is down approximately 90% from its all-time high also supports our view. Because of that, we would like to set the medium-term price target for XRPUSD at 0.30 USD and the long-term price target at 0.28 USD. Illustration 1.01 Illustration 1.01 depicts the daily chart of XRPUSD and the conservative trade setup. The yellow rectangle indicates the wide range. The breakout above the short-term resistance will be bullish, while the breakout below the short-term will be bearish. Technical analysis - daily time frame RSI and MACD are neutral. Stochastic is slightly bullish. DM+ and DM- are perform whipsaws, and ADX contains a low value. Overall, the daily time frame is neutral, showing no price trend. Illustration 1.02 The picture above shows the weekly chart of XRPUSD and two simple moving averages. These two moving averages, 20-week SMA and 50-week SMA, reflect bearish conditions. Technical analysis - weekly time frame RSI and Stochastic are neutral. MACD points to the upside but stays in the bearish area. DM+ and DM- are bearish. Overall, the weekly time frame remains bearish. 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
34
Inv h&s on xrpeth pair on the weekly chart.We can see price action on the weekly xrpeth chart is peeking above the neckline of an inverse head and shoulder pattern here. If we can close this weekly candle above it and see a bullish volume impulse on next weeks candle we should be able to confirm this breakout which has a target that would lead to xrp gaining 59% in value against ethereum. For now this isn’t confirmed, however you may have noticed I posted a chart a few weeks ago that showed xrp should be making even bigger gains on ethereum than that based on the triangle pattern it had broken above. So with that in mind, it doesn’t surprise me that we’ve seen this many daily green candles on the xrpeth chart and increases the probability of this inverse head and shoulders pattern getting validated. For now we must await the pattern validation *not financial advice*
by DrDovetail
XRPUSD - Loss of ≈90% from ATHAs for the rest of the cryptocurrency market, we are relatively bearish on XRP. Our view is based on several technical and fundamental factors. Technical factors are described lower in the text. Meanwhile, fundamental factors include a strengthening dollar due to the FED's rising interest rates (which are likely to increase again during the current week), economic tightening, and a slowing global economy. These factors weigh on the stock market to which risk assets like cryptocurrencies are correlated. Therefore, we foresee weakness for both of these asset classes in the medium-term and long-term. As a result, we think the current rally in the cryptocurrency market represents just a temporary relief before more selling takes over. Illustration 1.01 Illustration 1.01 shows the hourly chart of XRPUSD. It also shows two trendlines. Trendline 1 connects peaks from 20th July 2022 and 22nd July 2022; this trendline acts as the short-term resistance. Trendline 2 is parallel to Trendline 1; it acts as short-term support. Technical analysis - daily time frame RSI and Stochastic are bearish. MACD is neutral. DM+ and DM- are due to perform bearish crossover, which will further bolster the bearish case for XRP. Overall, the daily time frame is bearish. Illustration 1.02 Since April 2021, the Ripple cryptocurrency lost over 80% of its market cap. Technical analysis - weekly time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame is bearish. 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
17