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💥 Crypto's short squeeze 💥💥 This won't take long, thanks for joining ladies and gentlemen, I'll keep this one short. 💥 XRP's fallen alongside the general market as Bitcoin led the fall tumbling below $26,000 following a short squeeze after the news was revealed that FTX the bankrupt crypto exchange holds over $3.4 billion in crypto assets including $1.1 billion in Solana and $560 million in Bitcoin. This as FTX will be appearing in court in a few days on September 13th to seek approval to sell crypto assets in order to repay creditors. 💥 Understandable how that can make a big impact on things, especially considering the fact that any crypto FTX holds will have to be sold at one point or another to repay it's creditors. In turn that created a lot of fears and killed the market sentiment. The ETF possibility has been helping us keep stable but with no developments on that lately it's been easier for traders to focus on the negative points like the soon to be liquidations of FTX's crypto holdings. 💥 So don't think this is just consolidated to XRP, no, it's the general market as a whole that's been hit and we're just following the flow right now down as we will when things go back up, we already know September is a bad month so this shouldn't be too frightful. Yes it's never great to see a drop but we know what caused it and just like the news sent us down, the next positive news will send us up, just how the market's been rolling the past few months taking any news as huge news and flowing with it. 💥 I expect us to recover in prices next month with this month just being that gray and dim month for crypto and the general market as it is but that definitely hasn't stopped whales from taking some cheap buying opportunities as shown below: 💥 So while most the market lingers in fear, the smart money doesn't care, they just buy in and hold, someone saw a discount and took it, granted we've still got that important pivot point at $26,000 the buy in's we're strong enough to send us back up and to that $26,300 resistance which still continues to haunt us though again we're just at the mercy of the news right now without any positive developments lately for bitcoin. 💥 I have to go but again just keep in mind we're in a rough month but we're not alone, the whole market is feeling the impact ranging from crypto and alt-coins to the stock market itself. Just be patient and don't let news or emotions sway you. I'll link the two articles below for you guys to check out as well. I've got to go but have a good day and feel free to leave any likes or follows. Thanks ~ Rock ' cryptobriefing.com www.coindesk.com
BITSTAMP:XRPUSD
by Rocksorgate
⚡️ XRP ENDING THE WEDGE ⚡️⚡️ Not going to make this idea too long, just going to keep it short and simple. But thanks as always for joining ladies and gentlemen. ⚡️XRP's coming up on the end of this wedge which has basically kept on dragging/holding us down. Can see how even with the most recent drop we found support once again at 0.495 and we still find that diagonal resistance striking us down. ⚡️ This after having lost the 200 EMA once again though that's not too wild, we did fail to establish a higher high and with volume being low bears have it much easier selling on the market sending things down with Bitcoin having led the way back down below $25,800 as shown below. ⚡️ Market's still in this gray area with a lot of uncertainty still going around, not to mention we are in september. September for those that don't know is basically the worst month of the year historically, for whatever reason or another this 'September effect' hits the market every year and we see the broad market and crypto decline. It's just a part of the cycles and human psyche. After all if you know that every September the market tends to go down, what are the chances you'll enter or want to trade during that. Not very likely for most traders. ⚡️ It's usually after September though that the market likes to recover and it does rather quick in some instances but overall we're just in a bad month is about it in my opinion, again it's not just crypto but the market as a whole is down a lot this month dragging down most stocks. So please keep that in mind. ⚡️ I have to go but for the wedge that's coming to a close it can mean one or two things, we either breakout from the wedge and get a good push up by which we'll have to face that 0.50 resistance or we'll fall and break below the wedge and that 0.495 to retest 0.492 and possibly fall further if we fail to hold there. ⚡️ Regardless we know that the wedge has done a good job of keeping price down and contained so if we can get pass that, then it can hopefully do the opposite and help send us up. But we'll just have to see for that, feel free to add some markings and set some alerts at 0.495 or 0.492 and so on if you'd like. ⚡️ I have to go but thanks for tuning in as always, and if you'd like to leave a like or follow, it'd help me out, thanks. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
⭐️ SBI Financial Giant/ XRP NEWS! ⭐️ ⭐️ Today's idea we'll dive in quick on a new development in XRP's path to success and global utility as Japanese Giant SBI has announced a rather significant expansion on it's partnership with Ripple and SBI Ripple Asia. ⭐️ SBI is SBI Japan or otherwise referred to as SBI Holdings, Strategic Business Innovator Group. It's a financial services company group which is based in tokyo, Japan and serves as a primary holding company for various businesses and subsidiaries with current assets under management at about $165.5 Billion. It's kind alike a conglomerate being that it's a multi-industry company though the various companies operate under one corporate group umbrella at the end of the day. ⭐️ Anyway SBI which is already a major player in the international money transfer service sector announced an 'expansion' of it's partnership alongside Ripple and SBI Ripple Asia which will see the introduction of international remittance services for the Philippines, Vietnam, and Indonesia which will be able to utilize the crypto XRP as a bridge currency to bank accounts in those countries. ⭐️ Here's a quote below from SBI: “SBI Remit has been using Ripple Payments provided by Ripple for its international remittance services since 2017,” the official press release stated. “By introducing a solution using crypto assets in Ripple Payments, we became the first in Japan to provide an international remittance service that utilizes the crypto asset XRP as a bridge currency between two legal currencies.” ⭐️ I mean wow even in 2017 Ripple was making waves and has been in use for real payments and transactions. Just goes to show how low key but effectively ripple has continued to grow and expand their footprint in the global system slow incorporating themselves more and more with every new development and partnership. ⭐️ And as the article reveals in one explanation, here's the scheme; "The newly unveiled scheme is designed to streamline the international remittance process. “In the scheme constructed this time, SBI Remit sends a customer’s remittance request, and SBI VC Trade sends XRP in real time in response to the request,” the official press release detailed. This dynamic approach is made possible through a strategic alliance with Tranglo Pte. Ltd., a long-term RIpple partner, ensuring that customers receive remittances in their local legal currency." ⭐️ “By using XRP as a bridge currency, you can send money quickly and at low cost,” SBI emphasized in their statement. “Furthermore, it has excellent scalability, allowing users to easily send money to Ripple’s partners around the world, and we believe this will lead to stronger competitiveness in the international remittance business.” ⭐️ It's then explanted that the main reason for targeting these countries was thanks to their significant role and share of remittances directed to bank accounts which made the countries prime choices for XRP adoption which would help make remittances quicker as well as help introduce crypto and accelerate it's adoption in these nations and countries which is great. ⭐️ I'm leaving the idea here and I'll link the link to the article below as well as a link to the announcement from the official SBI page though it is in Japanese so the article may be better to refer to but nonetheless this is great news. Just goes to show that XRP continues to make waves even if we may not notice it. Bit by bit they are working on something big and one day it's all going to come to light, but till then, they continue building. ⭐️I have to go but technical wise we've still managed to hold above 0.50 even after falling back down once again following yesterday's rise so I'm happy with that but definitely looks like we're having quite a battle here on whether or not we will regain that 200 EMA. I'm still keeping my alert for 0.50 and 0.496 but one way or another, price action means nothing to Ripple as they continue expanding. We're over here stressing and going all technical on a couple cents but ultimately, what matters is the utility, not the chart. ⭐️Sure the chart does help and do a lot but ultimately when the time happens and it will, then people will start looking at crypto with real use cases and utility and I have yet to see another crypto forming as many developments and partnerships as Ripple has. They've been in this game since 2012 and alone have over 1,032 employees. That's nothing to scoff at and I can't even imagine the things that are happening behind the scenes. I haven't done this in a while but I'm giving this idea a bullish. I don't like to set bearish or bullish strategies but at the end of the day, XRP's got a bright future. And nobody can deny that. ⭐️ May go do some overtime today and work on other things so I'll have to go now, but I appreciate you guys joining me as always, I enjoy writing up these ideas for you guys and I hope you enjoy reading them too, if you'd like to leave a like or follow it'd really help me out, I simply do my best, and I hope you will too for yourselves as always. Take care. ~ Rock ' links: www.sbigroup.co.jp bitcoinist.com
BITSTAMP:XRPUSDLong
by Rocksorgate
2
🏊 XRP STILL SWIMMING 🏊🏊 XRP is still swimming, what more can I say. Thanks for joining ladies and gentlemen, appreciate it. This won't be long. 🏊 Pretty good stuff going on today as XRP's getting what looks like some big buy ins, that with Bitcoin leading the way being at $26,346 now up $600 the past 24 hours alone signaling another buy in from whales, entry. 🏊 There's no news specifically that would point to why Bitcoin or XRP are doing what they are but it's possibly with the anticipation of a Bitcoin ETF coming out soon within the next few months if not sooner. 🏊 Crypto and the general market continue to face macro headwinds keeping prices down but that isn't stopping the crypto's from being used and actively traded. For example, XRP alone last month in August made significant headwinds with regards to daily volume with XRP as a report by Kaiko revealed that even with the pullback XRP's received since it's quick jump to $1. 🏊 XRP's trade volume was $462 million last month which alone was higher by 4x then the next largest altcoins by trade volume with solana following behind at $128 million respectively, this was validated/calculated by the on-chain market data tracker Kaiko. It may just be volume but it's great to see considering it proves that XRP is still holding that Alt-coin lead, especially thanks to it's utility of being able to send and receive xrp virtually anywhere in the world for payments and remittance's, etc. Attached below is the link to the source: u.today 🏊 Even with the apparent buy in and support, we still have this diagonal resistance to face, I've added the marking today point out the support below and the diagonal line above which has proven to be nothing but resistance keeping us down. That's what we want to break past for a break out and in order to regain the 200 EMA which would help us recover price's though Bitcoin would also have to do the same first for the market and whales to get the confirmations most are likely waiting on. 🏊 In the last we're still above 0.50. We did have two apparent drop downs below but even with that 0.495 holding out and keeping support we managed to pull up above 0.50 and get the move's we're seeing today. Looks mostly like whales or someone big is trying to get us to regain that 200 EMA which is totally reasonable, it's a bullish attempt and hopefully it works out, if not we'll have that 0.50 battle again and we may not get as lucky if we have to meet that 0.495 level again. Hopefully that's not the case but would add the markings to your own charts anyway. 🏊 Leaving the chart there for now, I've set my alerts for 0.50 and 0.495-6. Said this wouldn't be too long and it won't so that's it for today, but thanks for joining me as always even if it's only a few of you guys, I always appreciate it. And feel free to leave any likes or follows. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
🔥 XRP STILL CONSOLIDATING 🔥🔥 Hope everybody enjoyed labor day, you already know though, we're back at it again. Thanks for joining in with me today ladies and gentlemen. 🔥 Don't have too much time today, busy as usual so today's write up is gonna be pretty simple. 🔥 As TA stands right now we're doing alright, we have lost that 200 EMA no doubt but what matters is that we've managed to keep above that 0.50 blue dotted line, proves to show that we do have good support above 0.50 but once you fall below 0.50 it gets a bit tricky no doubt. 🔥 Below 0.50 and we risk falling much like we did on the 1st day of september in the chart but a couple big sell orders did also contribute to that so that is important to note, if we we're to fall again I would be looking to that 0.492 level and 0.486 below for support, below that it'll likely start a sell-off. 🔥 Did get close to 0.515 though after we've failed to establish any higher high's simply forming what slightly resembles a head and shoulders on the chart though that doesn't take into account the 0.50 support bounces we've been getting so we're still in that gray area I've been mentioning. Chances are again we'll just keep trending till some news makes or breaks us. 🔥 If we can manage to regain the 200 and pull up past 0.51 for a third time I will be looking to 0.5145 as well as the bottom of our consolidation channel above to identify whether or not we break that resistance there or get pushed back down. 🔥 Everything considered TA and news wise what matters is that XRP's keeping above 0.49 and 0.50 which has been the main goal. The longer we stay here and avoid falling further the better our chances of pulling up soon get but regardless like I've been saying it'll likely take a news catalyst for things to get triggered like that. We saw how Grayscale impacted the market before a lot of people took profits or sold out their positions pulling us back down to where we're at. So it'll likely take more news and better news to get us moving again but what matters for now is that we're keeping that support. 🔥 I've got to go but wanted to get something out real quick for today in the least, hope you guys are all doing well, and you already know you can leave a like or follow if you'd like, and if not, then just keep well and have a good one. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
XRP- 0.4 is still my targetOn my 21st of August XRP analysis, I said that after the drop-back under old resistance, which should have provided support, the coin is not looking good at all and the more likely scenario is a down continuation to 0.4 next support. The coin, as expected, tested the old resistance from 0.55 and dropped again. Now, we are in a small correction from the recent drop, and if/when we dive under the flag's support, a continuation to 0.4 is the most probable scenario. In conclusion, sell rallies remain my preferred strategy and as long as the price is under 0.55 I will stay bearish. My 21st August analysis:
BITSTAMP:XRPUSDShort
by Mihai_Iacob
8
💥 XRP CRITICAL POINT FOLLOW UP💥💥 Quick and short idea for you guys today, so thanks for joining me real quick ladies and gentlemen. 💥 Just a quick follow up from yesterday's idea in which we honed in on the fact that XRP was indeed at a critical point on the 2 hour timeframe being that we we're at a rather important juncture/point of support which did and has ended up proving true as we look at our current chart. Below is the 15 minute chart: 💥 Based off the chart above we can note how we did indeed regain that 200 EMA on the 15 minute shortly after making waves above our dotted blue horizontal level of 0.50. We did lose it ounce but after bouncing from that 0.50 again we regained the 200 and got a nice boost up to 0.51 before retracing a bit to where we're at right now. 💥0.506 is going to prove to be another resistance for us, especially being the last time we we're down here it took a break above 0.506 before we got that big move up and it'll likely take the same this time around is past price action proves right. 💥 In the least I'm looking for us to hold above 0.50 but if we fall we'll be in another tumultuous battle and risk falling further if we lose that 200 EMA so definitely hoping we don't, at least on the 15 minute chart. And if we get the chance to climb further look to the bottom of the consolidation channel to act as resistance and support if we enter it. 💥 That's it for today's idea, I did say it was going to be short and I keep my word. So thanks for tuning in as usual, feel free to add any annotations or markings to your own charts, thanks and always be sure to do your own due diligence! Thanks and feel free to leave any likes or follows, simply helps me keep pushing. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
💥 XRP CRITICAL POINT 💥💥 Thanks for tuning in today ladies and gentlemen, today's idea won't take too long! It's gonna be a quick one, thanks. 💥Here we're looking at XRP on the 2 hour timeframe for a bigger picture point of view and from what we can infer here XRP is at another juncture/ critical point being a point that'll help determine whether or not we move back up or down, either of which may be pretty dramatic. 💥 We're right back at that same support we'd found just a week or two ago being just above that 0.485 mark on the 18th of August, that's where we last found that major support before kicking back up and it's looking about the same right now with the wicks extending towards the bottom signaling more buy pressure there than sell but that doesn't mean we're out of trouble yet as always. 💥 The last time we we're down here we had that fight with 0.50 and it took a solid and clean break above to get that breakout and it'll likely take the same thing right now with us being stuck between 0.492 and 0.50 as traders try to make or break above. 💥 Seems like the market's also just been a lot more wary lately as we see how volume wise we've had a lot more selling recently than buying with buying looking pretty week compared to the last week or two of last month. Traders are definitely waiting for more signals or confirmations before making any trades which is understandable, the market is still in that gray area unsure but in the least it's found support above 0.50 again which can act as another test of support which would be great if we could get that confirmation. 💥 I've got to go but wanted to leave the idea there at that at least with some quick notes for today before I get going, but there's no goal for today, just to stay above 0.47-8 and hopefully break that 0.50 and our next horizontal levels above as always. Again things are being a bit grey right now and it'll likely take some news for things to fire up again as usual but till then, we'll keep doing our best. 💥 Thanks for tuning in as always, you already know, if you'd like to leave a like or follow, share it'd really help me out, but if not that works too, just keep well and do your best! ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
💥 XRP Tumble 💥💥 Thank you guys for joining in quick today, hope you ladies and gentlemen are doing alright, this won't take too long. 💥 following up from yesterday's idea we noted how XRP had exited from that descending channel however we failed to keep ahold of that 200 EMA thanks to low support with bears taking the lead as we fell through each horizontal level one by one as you can see, we'd battle sometimes then fall below and then it'd be a fight at that level and so on. The chart speaks for itself. 💥 XRP fell through the levels one by one and with that last loss of the 200 EMA we formed a mountain fall which ended up seeing us reenter the consolidation channel and rather quickly falling out of it by which once we did exit the channel that seemed to be some pretty good sell confirmation for whales and they definitely took that opportunity sending us down real hard on XRP and Bitcoin alike. 💥 XRP did find it's support above 0.50 cents again which is nice but still crazy to see that kind of sell volume though it's understandable, thus we've ended up down where we're at now, Bitcoin itself led the fall quickly falling from $27,100 down to below $26,500. Definitely seems like a planned sell by a quick of whales/institution, just a part of the market sometimes. 💥 All I'm watching for now is that we keep above 0.50 and 0.505 respectively, any lower below that and we risk a big chance of another sell-off. As of currently technical wise we've overextended away from that 200 EMA on the 15 minute in my idea and I'd expect us to at least get some kind of pull up and regain the 200 EMA in a couple of days if we're lucky. 💥I don't have any levels down here aside from that resistance at 0.515 and 0.514 but for now look to 0.51 as that point we want to break and hopefully form support above again. I know after big moves like this the market likes to consolidate and trade sideways a bit searching for the next move which will likely use the news as the next catalyst for whichever move/direction we may move. That or just whale activity. It's not easy being in a market like this but at least we know it's got it's good and bad days and we just have to face them best we can ourselves and not give up. 💥 I'm leaving the idea here for now but again watch 0.50-0.505 for support and 0.51 for that resistance with my other levels above forming resistance if we climb back up to them which will likely happen at one point or another. That's all for today, have a great day and remember, keep faith and never let something small ruin something way bigger. Always do your due diligence and stay persistent. And thanks for tuning in, you already know your free to leave a like or follow and if not, that works too, just keep well. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
🔥 XRP QUICK TUNE IN! 🔥🔥 As the title infers, this is simply a quick tune in, but thanks nonetheless for joining in real quick ladies and gentlemen, this won't take long. 🔥 Following up from yesterday's idea we can see the retracement that has followed that big rise up we had after the Grayscale lawsuit win against the SEC allowing for grayscale to file and apply for a Bitcoin ETF once again following the SEC's original rejection without much clarification or reason for the denial in the first place giving a much needed boost in sentiment. 🔥 I've highlighted our descending channel on the 15 minute local using those two black diagonal lines and thankfully we did exit from that and regain the 200 EMA but now it's up to buyers to keep the pressure strong so that we can continue to hold onto the 200 EMA and hopefully form higher ground but regardless it's good to see us again get away from that 0.50 and 0.51 mark after much sideways trading providing some good sentiment in a market that seemed to be losing it quick. 🔥 0.52345 or 0.524 for short is our support point, fall below that and look to my next levels at 0.52 and 0.515 for support if it comes down to that. Resistance wise 0.53is our main battle right now being that was our last point of support before falling below as signified at the 06:00 mark so keep note of that and I'll be curious to see if we start trending and form another consolidation channel or get some more volatility. 🔥 Definitely curious to see how things play out but regardless it's been nice to see the market keeping to the horizontal levels and keeping true, again none of the horizontal levels aside from the short annotation at 0.524 are new, they are old and continue to prove well and do the job of forming support and resistance points to feel free to add if you haven't already. 🔥 Said the idea would be short so that's it for today, wanted to get something quick out while I had a few minutes to stop by but hope you guys are doing well as always and appreciate you all tuning in, you already know, feel free to leave any likes or follows as they would help me a lot and if not that's fine too, just have a good day and take care, thank you. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
☄️ XRP INSANE MOVE! ☄️ ☄️ This is an absolutely insane move! Welcome ladies and gentlemen, thanks for tuning in, we'll be quick. ☄️ Can't believe I was just writing up my TA for you guys when this happened, absolutely insane! It's like someone huge just bought into the market or something, even Bitcoin is up in the same fashion! ☄️ There's no news either that would make sense for the insane move but no doubt this should jolt things a bit. Someone/some institution of force jumped in big or something big is going on behind the scenes. Regardless I'm speechless and just like we'll have bad weeks we'll have good ones too, maybe just on a quicker scale. I mean wow. The big money is entering, and with a move like this they want it to be seen and known too. ☄️ We know institutions like to accumulate holdings in private and slowly generally but this is anything but, this is insane! Definitely do not recommend buying right now, whatever is going on will be revealed later no doubt and sleuths dig but right now this has put is in an absolute volatile position for trading wise, if you've already bought then it up to you what you'd like to do. ☄️ TA wise we've broken every barrier basically and crossed all our lines. we're at our 0.54777 resistance even extending that wick to 0.555 though we didn't break it thus signaling a good amount of sell orders there/weak pressure and buy support which is completely understandable being that we've risen up so crazy. Least we know regaining that 200 EMA isn't an issue now, one side got tired and one took over, or at least someone did. ☄️ Huge move like this expect some selling most definitely and retracement which is well within bounds after a rocket like this. We break 0.55 and its anyone's game at that point. I expect a lot of people to sell or some day traders to take profit but regardless of all that whatever's going on has to be big. It's behind the scenes and without news so very interested to learn the cause of this. ☄️ All that being said, I'm leaving things here, stuff is just crazy but crazy good in this instance, this is definitely one thing I like about crypto. It can hit hard sometimes, but when it does hit, it hits crazy sometimes. Gonna leave it there but have a great day and thanks for tuning in as always, and keep tuned for more! Feel free to leave any likes or follows, never hurts! ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
15
🌊 XRP FLOWS WITH THE WAVES 🌊🌊 Today's my first day off in what feels like a couple months so happy to be back, and sorry work just had be worn out and unable to post. I'm gonna see if I can get a laptop soon so that I'll be be able to post more idea's more frequent even from work. Anyway sorry for the delay, we're back today and thanks for tuning in ladies and gentlemen. 🌊 XRP's still been flowing with the waves going through it's sideways trading between what seems to be our fight right now. XRP's failed to break that 0.534 or form anything above. On top of that we've continued to lose that 200 EMA and while it's good that we do get these rather strong pull ups which help us regain the 200 EMA the support just isn't there much. 🌊 Market's still in a state of fear/caution with Bitcoin failing to break that $26,200 mark getting essentially smacked down every time. If we can't break that level soon we may head down sooner than up but something of interest to note is that according to Whale Alert yesterday a total of 426,118,503 XRP was transferred off the Bitvavo exchange to an unknown wallet. 🌊 A similar amount was transferred on Friday thus it's likely one institution or individual that's behind it. It's weird though, when checking the memo's on some of the transactions they mention DEX's and the one mentions an XRP faucet which is likely some form of scam but it's odd to be honest. That aside there's a whale that's either holding on to their XRP and could have transferred their XRP to wallet's in order to simply sit there and HODL, that or the opposite but regardless of everything it's interesting. For a whale to be in the game with basically 1 Billion XRP is rather odd. If you're trying to day trade XRP isn't the best crypto but if you're looking to hold and sit then it would be viable, thus my idea is at least that they are but I'll try to keep an eye on the wallets. Either way the big money is in XRP and that has to mean something. u.today 🌊 TA wise we've lost our 200 EMA on the 30 minute and should look to regain that else we'll likely fall back down to that retest of 514 and if it does push up expect 0.52627 to keep being a resistance until we break it again which by then if we did would be a third confirmation and help form a bullish scenario though a lot of this ultimately does lie in Bitcoin. 🌊 Even with XRP being good as it is we know the market is still heavily focused on Bitcoin and while the correlation between XRP and BTC isn't necessarily there as much any more we can't deny that Bitcoin still is having an impact and will likely until things turn positive and we can get some good developments/ updates. Till then we'll likely keep trading sideways until one side gets tired or we get a breakthrough to the upside or downside. I know it's not much help but the market's just in a gray state right now. News isn't exactly positive and we've got the Fed comments, china's situation going on, and other macro economic factors weighing down on everything generally. 🌊 Sorry if this idea's a bit hazy, just exhausted and stressed with a couple things. That being said I still wanted to get an idea out for you guys, sorry again it's been a bit, just a bit tough juggling life is all. Thank you nonetheless for tuning in and feel free to leave any likes or follows, never hurts and keep tuned as always! ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
📉 XRP AFTERNOON TA 📉 ⚡ Hi, hope you guys are doing alright today, and thanks for joining as always ladies and gentlemen. This won't take too long, mainly just a follow up from yesterday's idea. ⚡ Honestly not too much here to see, it's good to see that XRP's pulling back up as I type this but we'll keep things simple as possible. XRP continued it's descent after failing to regain the 200 EMA yesterday sending us down. HOWEVER we avoided falling below the local line of resistance which became support once above it. ⚡ I've simply extended that line today and if you check out yesterday's idea you'll find what we originally marked and can add that to your own charts as you please. Anyway it's good that we've managed to avoid falling below the line else we'd likely fall even further than what we currently have today. So look at that line as a support for now and a resistance should we fall below it. ⚡ Next resistance now is gonna be that consolidated channel being that we fell out of it and will have to face the sell pressure whilst trying to break back in and above into the channel before we can look for our next avenue. ⚡ If we can regain that consolidated channel we'll likely get a good chance to regain that 200 EMA and if we're lucky enough we can use that as a catalyst to potentially break out past a couple levels we've got above which you guys are already aware of. ⚡ If we do fall further look to my 0.50 level of support. There's a reason that line is blue unlike the others after all, it's the make it or break it point. Fall below and we get a likely sell-off. Keep above and we should just alright. ⚡ I have to attend to some things but hope that was alright, just wanted to get a quick idea out for you guys real quick. Thanks for tuning in and feel free to leave a like or follow, even a share. And if you don't feel like doing any of those things, that's alright too, just have a great day and keep well. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
2
🔥 XRP DAILY TA 8.21.23🔥🔥 Hi! Thanks for joining ladies and gentlemen, I've gotta rush to work so this idea's gonna be quick yet efficient. So thanks for joining me as always. 🔥 XRP has reversed since hitting that peak at 0.55 yesterday which is understandable after such a big move. We held a bit at 0.53 as we'd hoped but couldn't really find any support there and continued down further. I've added this diagonal black like on the 15 minute chart which is basically the same as our MAIN resistance lines. Only this one is for the local chart/ timeframe. 🔥 Feel free to add that to your charts. The goal is to break above the diagonal resistance. We do that and we can possibly get another breakout and regain that 200 EMA. Until we break the line it'll keep acting as a downward force pushing us down much like our MAIN resistance has continued to do. 🔥 Can see how we did manage to avoid falling further below 0.51 before pulling up to that 0.514 horizontal level and pulling up and out of the local horizontal consolidation channel. With us being at this point between the consolidation channel and the diagonal resistance on the local for both that could help act as a sort of push for us to break out from the descent. But if we can't break past that diagonal then we'll likely get pulled back into the consolidation and another battle starts there. 🔥 Really have to go now but I at least wanted to get something out there quick for you guys today. Hope that helps a bit and have a great day as always, feel free to leave any likes or follows, thank you. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
3
📈 Hi! Quick and Important XRP Analysis 📈📈 Thanks for joining ladies and gentlemen! Gonna keep this idea simple but important! So tune in, and thank you for joining me for a few minutes of your day. 📈 It's good to see that XRP has managed to pull up regaining that 200 EMA after what was some sideways trading with XRP managing to regain the 200 EMA for the 3rd time and get the confirmation traders needed once a higher high formed on the local. 📈 Yesterday's idea was on the fact that we'd exited that consolidation channel and wanted to keep out and above it which traders managed to execute. We did nearly fall back in once but no doubt some whale or big buyer bought in at that 0.514 mark to help us avoid falling back in. 📈 I've added a second consolidation channel on the 15 minute since we can identify as well how once that was broken we got the catalyst we needed breaking above 0.52 which ultimately helped with the pretty big rocket up. Like I said yesterday we'll have some bad weeks but just as we'll have some we'll also have good ones. Keep steadfast. 📈 Below is then a very important chart I'd like you guys to check out real quick, speaks for itself. 📈 I made things simple as possible adding the white text bubbles to annotate the support points and as my main bubble already explains, none of these lines I have are new. I haven't added a new horizontal level in what's probably been over a week or two and that was at the higher levels prior to our drop. And yet the chart is following so close to those horizontal lines still. 📈 Signifies that traders still have those lines marked and are watching them just as we are. For example right now the goal is to keep above 0.54192, if we fell below that the next support would be at 0.535 and so on. What matters is that XRP is still keeping a very close correlation to it's historical support and resistance levels. And just as that's possible for the ones down here, it'll be possible for the ones above and the ones on our longer timeframe's/ the big picture. It's basically positive news. 📈 With that being said I told you guys I would keep the idea short and important and so we'll leave it at that, with a big impulse wave wave up and a lower high on the local we'll likely bounce back down to that 0.53 point and search for support or find a new consolidation channel around here to test the waters again. I mean we can't deny that we had a pretty big move up quick and with that traders will be hesitant to buy and a lot more trigger happy with that sell but also not too sure of which way things could go being that bitcoin is leading the way. 📈 Basically it's anyone's game right now after a big move up like this, we want to avoid losing that 200 EMA of course but if we do lose it refer to the 15 minute, seems to be the biggest catalyst/confirmation for the market right now. 📈 That's it for today's idea, I've rambled enough but hope that helps out a bit, just wanted to give some quick thoughts and all. And as always any likes or follows are always appreciated, simply trying to do my best for you guys as always and fighting on. Thanks and have a great day. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
5
💥 The Craziest Week | XRP Important 💥💥 Well. It's been one of those weeks. I haven't gotten the chance to post yet with a lot going on personally but I'll keep this quick and summed up best as possible. 💥 Seems we got a perfect storm scenario and well, that storm struck pretty hard as I'm sure most of you are aware of/possibly reeling from. We had the S&P 500 fall for another consecutive week with the market full of red heat maps all around. 💥 For XRP the main news catalyst was the SEC announcing that it had asked a federal judge for permission to appeal the original Ripple ruling in which XRP was declared as a non-security. Such news originally had helped send XRP as well as the Crypto market sentiment up overall and with the judge having granted the SEC's motional to file an Interlocutory appeal against Ripple Labs now things have turned sour sentiment wise. 💥 It's important to note though that Ripple does have the option as well to file an opposition to the SEC's motion and regardless an appeal is usually a lengthy process that takes months sometimes even and till any new decision is made, XRP still stands as a security and there's no doubt they will continue to make way taking advantage of that right now as they continue forming partnerships and work behind the scenes. 💥 Ripple aside we had China's Evergrande Group file for Chapter 15 bankruptcy (foreign bankruptcy) which has helped send a lot of stocks/markets tumbling globally. This isn't too unexpected but still with most of the market, we know that the market like's to take news and simply go flying with it whichever way. That on top of the Fed Reserve noting they may raise hikes again and the 30 year mortgage rate being at it's highest since 2001 just hasn't made helped show anything positive. 💥 That aside we know now that basically what's going on is the fact that the news combined with market sentiment has just all formed one perfect storm to send everything tumbling down, XRP got hit hard with that 15% drop to 0.50 but so did the rest of the market too with Bitcoin leading the fall. Crypto we already know how swayed it can be, a couple of market whales sold in a more than likely planned sell-off and sold off their stakes in crypto/market. 💥 Even stocks we're logging double digit losses this week, it's been a crazy market sell-off week with crypto alone shaving nearly $1 trillion over the course of a few days kicking us into a 34 (Fear) on the Fear and Greed Index via CoinMarketCap. Something else to note for the drop has been liquidations. Liquidations made up the bulk of the fall of most cryptos. In just 24 hours alone on the 17th nearly $1 billion worth of liquidations with BTC leading at $472 million and ETH alone at $302 million. If you don't understand liquidations dm me or ask below and I'll post on it. But basically they help contribute to sell-offs very much with stop losses and margin calls all playing a part that usually leads to liquidations and these wild drops. www.coindesk.com 💥 We've seen this happen time and time again where whales will trigger these liquidations/bad sentiment and a ton of bad news seems to come out of seemingly nowhere. I mean less than 2 weeks ago the market was having a blast. And now it's like the place is on fire. But what matters is that we've seen this time and time again, just like things move down quick, they can move up just as quick. The money's simply flowing in and out like the tides but even so it's all crazy. Doesn't deter my faith in crypto at all but definitely can see how it's knocked out a lot of sentiment. 💥 One thing I like to say though. Like a smart man once said, "But it ain't about how hard you hit, it's about how hard you can get hit and keep moving forward. How much you can take and keep moving forward." ~ Rocky 💥 Don't let the news and sentiment kill your faith and spirit. As I continue to say, things will work out accordingly. And these falls have been thanks to the market itself sinking, so imagine what the heights will look like when the market rises itself and the money flows back in/we get back into the Bull market. Again I'm not a financial advisor but I just want to emphasize not giving up. The market's tough but I know that if your reading this, your way tougher. 💥 Ta wise below is our consolidation channel and the support at 0.50 which is understandable being it's a point of accumulation. We already touched that 0.45 with the wick extension and found immediate support there thus we're marking 0.45 as that last line of defense though the real defense so far has been at 0.50 with that seeming to be the entry point for many traders right now. Below is the 15 minute chart. 💥 I've added the consolidation channel in the yellow and should point out that as we come to fight with the 200 EMA, the main goal will be to regain that, BTC and XRP have failed time and time again since the peaks for both, failing to regain the 200 ultimately allowing us to fall like this with the market news as well contributing. If we can regain the 200 EMA it would be a nice boost and offer some more sentiment traders. Without any confirmations on regaining that 200 EMA for either the market traders seem real hesitant to enter which is reasonable. 💥Below is a quick 45 minute chart that doesn't have anything new aside from the annotation of the fall. As depicted, our chart and 200 EMA managed to exit from the MAIN diagonal resistance line though that was short lived as we ended up losing the 200 EMA again and fell back below the main resistance also triggering the sell-off. 💥 With that last bit done, I think I've made this idea a bit too long to call it a summary now, but it's been a wild week. Still though like I said my faith and belief is unwavering. We're gonna have days and weeks like this, but just like we'll have bad weeks, we'll have good weeks. Sorry for the length and all, just a lot I wanted to go over and with not having been able to post I just had to spill that out. Make sure you guys follow and leave a like or share, always helps me out even if it's just a simple click to me it's a simple gift. Thank you and all the best. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
7
☔️ THINGS HAVE BEEN ROUGH. ☔️☔️ Today's idea won't be long, but thanks for joining nonetheless. And before I start just wanted to apologize over the fact that I haven't been able to post the past few days. I've barely been home and just been working these 12, 13 hour shifts some days even, not to mention my mental health just hasn't been the best. I've been mentally drained and going through a lot but that doesn't mean I'm ever gonna give up on you guys. Never. Even if I may be gone some days just know I'll be back. Especially for those of you that believe in me. ☔️ Today's idea is a bit tough in the least to say with XRP having been hit with a rather big sell off following Bitcoin's fall below that $29,3-400 mark after failing to break $30,000 again, and here's the chart for that below for a quick visual. ☔️ Chart speaks for itself and once that 200 EMA was lost what soon followed was an exit by what's likely been a couple institutional traders/ whales with the same happening with XRP as shown visually below as well. ☔️ The chart speaks for itself, I've added a couple new annotations and the consolidation channel is the same as the one from the last idea I posted, I simply extended it to the right but we can see how once we lost that consolidation channel and failed to regain it traders we're pretty quick to sell. ☔️ I'd already indicated in the last idea that if we fell below that 0.62-3 we'd likely get a sell off and that's exactly what's happened unfortunately though we know that it's not because of anything to do with XRP but rather the market having been dragged down by Bitcoin. ☔️ The drop looks a lot more dramatic for XRP but with XRP having a much lower market cap than Bitcoin it makes sense being that you need much less volume to get a bigger move with XRP vs BTC so I wouldn't stress over it too much. And below is the 1 minute chart. ☔️ Can see how even with the fall's that have been largely thanks to a couple whales/ stop loss orders being triggered, XRP still managed to keep above 0.59 showing that there's some support there in the least with a lot of buy volume hitting at that point thus it's still looking like a buying opportunity for some traders. ☔️ Personally I've bought some more XRP down here, especially at that 0.59 mark, no heavy buys but some buying in the least. I'm still buying with the intent to hold at least a year or so believing in the market, after all till Bitcoin breaks $30,000 and the ETF get's confirmed I won't think the bull run has started. ☔️ Not to mention with the SPX continuing to decline traders are for another consecutive day now the market sentiment just continues to be sluggish and bearish which has impacted crypto no doubt. Nonetheless I persist and I'll continue to believe in XRP and crypto. ☔️ Target is to keep above 0.59 in the least, we drop below that expect another big sell off but remember, this is thanks to Bitcoin that we've fallen, nothing to do with XRP. I've got confidence and my confidence continues to be steadfast as ever never waning. A couple cents isn't gonna matter to me when I'm looking at the future and utility years ahead. ☔️ I have to go but please remember I'm no financial advisor, just a humble guy that likes to share my ideas from time to time and help others make sense of the confusion and storm sometimes. And apologies again for the brief ghost, again stuff's just been rough but never means I'll give up on you guys, never. Thanks for tuning in and feel free to leave any likes and share, comment. Wishing all the best. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
5
💧 XRP STILL TREADING WATER 💧💧 Hi, thanks for joining today ladies and gentlemen, today's idea won't be too long but it'll be good so feel free to tune in. And sorry about that, just not doing the best today mentally so gonna keep this short. Thanks. 💧 XRP's still treading above our goal of 0.62 and I've added/encircled the three points demonstrating the support we've found and the wicks extension's with all managing to keep above 0.622 in the least. Below the 15 minute chart I've made for you guys on the local. 💧 The chart basically does the work for itself, I added 2 horizontal dotted trend lines alongside a box to outline the new consolidation channel XRP is within on the local which puts us in between 0.628 and 0.6345 roughly. We'll need another break to the upside to get any momentum back up but that's brought us right back to our foe being that solid diagonal line of resistance that most of you are already aware of, if you aren't check out my past few ideas. 💧 The goal is to continue to form support above 0.623 and form a sort of defense there upon which we can get a better shot at potentially breaking that diagonal resistance that's kept us down so long and hopefully get a breakout/ some form of movement back up. We already saw what happened last time we failed to break the channel and tumbled back down, we don't want that happening again so definitely set some alerts and add any markings to your own charts. 💧 That was it for today, just wanted to give you guys the channel and keep it short. Sorry it's not like my usual ideas but again just not really feeling myself today, even so I had to get an idea out for you guys, thank you and feel free to leave a like or follow, helps me out a ton. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate