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📉 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
⚡ XRP FALLS BACK BELOW. QUICK TA ⚡⚡ Thanks for joining me ladies and gentlemen, today's idea is gonna be pretty clear cut and quick so let's not waste any more time. ⚡ XRP fell back below the main diagonal resistance we added just a few days ago and tumbled back down like I said would most likely happen if we did end up falling below. While that hasn't been too great it's just the market doing it's thing and what matters is that XRP has managed to keep above that 0.62 threshold managing to hold the line in a sense. ⚡ And for anyone interested here's last night's chart I saved just before going to bed, this was nearly 12pm so overnight when trading volume dropped bears took the opportunity and sent us back down the diagonal with a semi-big sell order dropping things. ⚡ That was basically all that was needed and what immediately followed was the tumble back down with another big sell order/set of orders, stop loss orders, etc. Wasn't able to post at night since I was going to bed but wanted to at least save the chart and see what the progression would be in the morning which we now see as having found support above 0.62 thankfully. ⚡ We basically lost our duel again with our main foe here but at one point or another we're gonna beat the hell out of him and move on by, I don't doubt that. First of all though we need bitcoin to break back to $30k, Bitcoin made a push to it last night before failing and falling back to $29,300-400 level's as of currently dragging much of the market down with it. That alongside the SPX continuing to fall today and stocks moving rather sluggish signals to me that traders are sort of in a zone of hesitation, fear which is understandable. ⚡ I have to go attend to something personal but wanted to get this quick idea out in the least, target is to stay above 0.62 and there is no direction, just up is the hope but below 0.62 we likely fall more to 0.61 or 0.60. Feel free to set some alerts if you'd like ofc there. And as always feel free to leave a like and follow, never hurts and simply helps me out, thank you. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
🤺 XRP MEETS OUR FOE ONCE AGAIN! 🤺🤺 Quick but important idea! Thanks to everyone who tuned in yesterday as well, guys really showed out with the support so thank you for everything, happy to be here for you as always and without further a due ladies and gentlemen, let's chart. 🤺 For today's we'll use a spar emoji, fits appropriately considering XRP's managed to pull up to it's much anticipated fight/foe being that major diagonal resistance line that's held us back so much. Below is the 15 minute chart which is the same as yesterday for the most part aside from a quick annotation of the duel point and a clear view of what's in store. 🤺 XRP's managed to pull up the plane and hit some good height's but that's brought us to our foe which we added in yesterday's ideas the main resistance. That solid black line is our foe. It's what has basically been suppressing XRP prices the past few weeks and prevented us from regaining any solid ground. 🤺 This is the foe we need to beat if we want to continue up or with anything in any manner basically. Till we beat this, we'll keep having to fight and face selling. Consider this a pivot point, it may be diagonal but it still is. We already see how we managed to cross above before getting pulled down to where we've got that fight between the bulls and the bears. 🤺 Bears are trying to pull us back down below while bulls are fighting to keep us above the line as well as the 0.65 level. We're at a pretty pivotal level being that this is where our 0.65 horizontal level and main diagonal resistance lines both intersect and we already know how that can help contribute to a fall or breakout so definitely would set some alerts for 0.6485-9 and 0.653. 🤺 We could also end up sideways trading a bit or forming a new consolidation channel but with us being at the main resistance again something dramatic is most likely gonna have to happen, the last few times we failed to break the resistance we basically tumbled back down so if there's ever a point we want to fight it's here. 🤺 That's basically it today, we just want to keep above the support though that won't be as easy with Bitcoin pulling down some of the market after forming a double top on the local failing to break above and sustain $30,000 so that'll be a challenge for sure but XRP still being up where it is shows that the correlation between XRP and BTC is getting weaker which is great to be honest, doesn't mean it isn't still affected but goes to show XRP's got some strong grip in this battle. 🤺 Set those alerts and if you've already added the marks from yesterday's you should be set analytically. I have to go deal with some personal things but thanks for joining me as always, and remember I'm not financial advisor, just someone who I guess you could say likes looking at squiggly lines and drawing. Always do your due diligence and stay blessed. And feel free to leave any likes or follows, only takes a second and goes a long way with helping me out! ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
7
🔥 XRP REGAINS THE LINE! AND MAIN RESISTANCE! 🔥 🔥 You guys thought I wasn't gonna post today? Sike! Of course I made it! After all, you guys have made it this far enough with me tuning in everyday so thanks for the continued support as always. And sorry for the delay, been busy cleaning the house and helping out the family today but that never stops us, happy to be here and thank you for joining. 🔥 This won't be a long idea anyway but it'll be a good one at least. In yesterday's idea we pointed out the resistance line that was holding XRP back/ we we're having trouble breaking and here's the link to yesterday's chart below for anyone that may have missed or want's to see the before/after. 🔥 The chart aside now I'm happy to see that believing did the trick in a way and we got this good bounce in the market today with Bitcoin regaining/touching that $30,000 mark again today which has been positive pulling up a lot of other crypto's with altcoins leading some of the biggest gains such as XRP notably extending to 0.647 on our 30 minute chart below: 🔥 On the 30 minute chart we should pay mind to that 0.649 mark now being that we've already hit resistance there and that was basically the point from which we had our most recent quick sell-off happen once we fell below 0.650 and the buttons just started hitting sell basically. So add that as a new horizontal level for the local in the least. 🔥 One more thing I want you guys to add is this new solid black line I've added to the chart. Meet our opponent. I don't have any specific name just yet but we'll just say it's an opponent in the least. We just saw how we've broken out from this recent diagonal resistance on the 30 minute but here's our main resistance. Consider the 30 minute our 50 or 100 day ema. And this resistance on the 3 hour chart much like our 200 EMA. 🔥 The 200 EMA line always has a much more significant effect when crossed above or below compared to the 100 or 50. The same goes here. This new mark is gonna be that significant catalyst/allow for a breakout if we can break past it. That or it'll continue to act as a resistance. I haven't done a big picture chart in a few days and thought this may help you guys a bit. Feel free to let me know your idea's below. 🔥 I have to get to some online classes so I'll see you guys later but feel free to leave a like and follow as always, only takes a second and really helps! Have a great day. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
2
📈 XRP SUPPORT TA 📈📈 Nothing much today, just a quick and short idea, but thanks for joining as always ladies and gentlemen. 📈 XRP is still hovering just above that 0.61-0.60 level of support even amongst some rather strong selling though we have had a dip below 0.61 as represented by the chart below: 📈 We can attribute the dip to a large sell order before buyers bought that up pulling us back above 0.61 but with our 20/50 EMA's still not having flipped back definitely wasn't possible to keep that up momentum. 📈 Majority of this price action is thanks to Bitcoin, today's the first day we've seen bitcoin fall below $29,000 since it's run up in June so that's led to a big drop overall in crypto from eth to xrp of course. 📈 We're still seeing that support though above 0.60 overall though things are pretty stressful admittedly. We're just barely keeping above and with low volume right now things aren't exactly too great but I still believe. 📈 This alongside the news that Ripple has indeed joined the International Swaps and Derivatives Association (ISDA) which places XRP in a derivatives market that itself is valued as $1.2 quadrillion joining other major financial systems/ institutions ranging from Goldman Sachs to J.P. Morgan. The association is composed of over 1,000 institutions which span over 79 countries and sets benchmarks, guidelines for the global derivatives market. 📈 Ripple's position in ISDA will be of an associative type which typically involves entities that'll be of significance in the derivatives market infrastructures. Such includes entities that include solution providers, exchanges and technological solutions. 📈 Here's the link to one of the articles below: timestabloid.com 📈 And here's another to the ISDA site and person of contact. membership.isda.org 📈 Things are bumpy right now no doubt, but that's to be expected, we're not here anyway to look at the short term but the future. Future overall continues to get brighter as XRP continues to expand it's roots and form new partnerships. There's no target or direction, just the goal to keep above 0.60. Below 0.60 or below that 0.598 point and expect a possible sell-off. 📈 Before I end this, just want to say as always this isn't any financial advice, nor am I a financial advisor, please do your due diligence before making any trades or actions. And thank you for joining me today, appreciate you guys as always and feel free to leave any likes or follows, only takes but a second. Thank you. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
🔥 XRP WHAT'S UP? TA 🔥🔥 Apologies I wasn't able to post yesterday, been sick with the flu since yesterday and still am so just keeping today's idea short before I head back to sleep. 🔥 On our 15 minute chart below we can see that we we're managing when we exited that descending channel as I'd pointed out in my last idea but XRP ended up failing to recover/regain the 200 day moving average and as a result we promptly tumbled back down, before essentially dropping once we fall back within that descending channel as the chart clearly shows, we then exited below the descending channel and that led to moer selling before recovering just above 0.60 basically. 🔥 This isn't too concering considering the market overall has been a bit time following the downgrade of the U.S credit rating from AAA to AA+ on behalf of Fitch rating which cited rising political dysfunction as a cause for the downgrades following the debt ceiling standoffs that commonly occur thanks to party disagreements, political agendas that commonly plague these standoffs. 🔥 Generally when a debt issue has a credit rating downgraded such means that a higher interest rate will be applied to compensate for the higher risk of default that could be posed. That hasn't helped the market and a lot of stocks tumbled just before Friday's close representing caution/ possible fear. 🔥 That's likely contributed to XRP's fall alongside the loss of the 200 EMA on the hourly/ 3 hour which usually leads to dramatic falls so that's not unprecedented, just the market doing it's thing. Still confident with XRP above 60 cents but if it fails to find support and form a higher high on the local just expect prices to drop to 40 or 50 cents possibly with some traders taking profit. 🔥 There is still buying going on though, I checked coinbase a few minutes ago and for the trading activity in the past 24 hours, it's consisted of 98.3% buying with 1.7% selling. A clear insight into the fact that people are still buying and believe in XRP with 0.60 even looking like a discount for some. Personally I'll buy a few more XRP here but if we fall below 0.60 I'll definitely be looking to buy some more. 🔥 The chart doesn't look that great I understand but after such a big move like XRP's basic rocket up it's simply to be expected a retracement like this. Personally I didn't hope for a retracement to this extent but such also brings out some possible buying opportunities as coinbase clearly indicates for most. 🔥 I expect 0.60 to be our final stand with XRP. If we fall below it anyone's guess to be honest but more than likely 0.45-55 depending on how or who we're to sell if we fell below. This idea has extended far enough and I just wanted to get a couple facts out there for you guys. Sorry I can't give more, just feeling unwell so gonna go back to sleep, thanks for tuning in and feel free to leave a like or follow and all the best as always. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
3
⚡ XRP'S DESCENDING CHANNEL ⚡ ⚡ XRP has basically fallen into this descending channel and is now looking like it's finally exiting that downtrend thus we'll likely see some better movement as the market pushes back up following the rather tough week we've had here. ⚡ Here's the chart for that descending channel below with some annotations to keep simple. ⚡ Chat speaks for itself thoguh I've added something quick to help show the descending channel a bit better, this may interest some of you guys. ⚡ Show's the descending channel as well as some vital stuff. It's pretty simple, we wanna keep in the blue section and whenever we get into that red section we fall, you've got to admit it's pretty spot on but what I'm looking for now is an exit out from the blue channel. Great as it may be to be in the upper part of the channel we want to exit out and away. So keep watch for that as well as a possible reclaim of the 200 day moving average if we're lucky enough to get one soon. ⚡ Also showing some rather strong buying support down above 0.65 so buyers are still with us and all, not too bad overall and for target it's just to stay above 0.65 and break 0.66 to regain the 200. I have to go but wish everybody well as always, can feel free to leave a like or follow if you'd like, thank you regardless. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
2
💥 XRP SLIPS BELOW TEST, CONTINUED 💥💥 Thanks for joining in ladies and gentlemen, this is basically just gonna be a quick follow up, continuation from yesterday's idea henceforth the added on, continued to today's title. 💥In yesterday's idea we pointed out our target of crossing back above 0.688 and yet that failed to really come to fruition as we instead got resistance at 0.688 and reversed further with some more big sells sending us to 0.66 before finding what seems to be some support in the least. A lot of this can be attributed likely to the recent Fud from a judge's decision in refusing Terra's motion to dismiss the SEC's lawsuit against Terraform Labs even after XRP's decision from Torres. 💥Basically a New York US District Judge Jed Rakoff on Monday allowed the Securities and Exchange Commission to go forward with its case against Terraform Labs Pte and founder Do Kwon, while doing so, Rakoff said he rejected the distinction made in the Ripple case between public and institutional sales. Such has definitely diminished some moods but isn't really anything to be worried about. Like ripple's chief legal officer pointed out, the terra rulling has no impact on Judge Torres' classification of XRP as not a security so that's still gonna be solid as ever. 💥 Ripple already has expanded into other countries with easier UK, Europe, Singapore, Dubai and the Middle East, it's only a matter of time before we see what in store for the U.S, long run still positive as ever, though local we're still trading relatively sideways even after having falling out of our consolidation channel we have to admit price has done pretty well to keep up this high, long. 💥 Longer we can manage to keep above 0.65 the better things look at us regaining that 200 EMA, just like we can overextend in the uptrend, we can underextend in the downtrend: "Basically we get too far from the 200 EMA and have to rejoin it at one point or another" Whether or not that'll be sooner or later is up to the market and the goal that we keep above 0.66. Below 0.66 and we go into even further uncharted territory for the local likely extending further down to 0.56 or so. 💥 If XRP does come down to a point between 0.50-0.60 I'll be looking to possibly buy more, stack up. Sure XRP's had it's wild run up and it looks like we're losing that momentum and sinking and sure, but we already knew when the case was settled thing we're going to go up quick. What matters though is the reversal and how slow or quick it is. So far health wise, XRP has had a healthy retracement and such only gives us more room to the upside once we can regain that 200 EMA and XRP can start more of it's key projects in the U.S, especially now with the clarification on being a security or not. 💥 The gears on the clock are starting to move, and charts aside, I'm happy thinking about the big picture right now. No targets for today else than staying above 0.66, fall below and expect possible move to 0.56. I have to get going but woke up and wanted to get something out quick before I left, thanks for joining in and all the best, feel free to dm me any questions. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
2
💥 XRP SLIPS BELOW TEST 💥💥 Thanks for joining in ladies and gentlemen, this will be quick. 💥 With XRP having slipped below our horizontal test level at 0.688 we'll have to watch for support or at least some form of a push back up above that in hopes to regain that 200 EMA. Since we've lost it on the 1 hour timeframe we've failed to regain it forming lower high's on the local and ultimately sending us to where we are now. 💥 This is a pretty critical point of course being that we haven't been at this point since july 23rd though if past price action is anything to show more than likely we'll get a support and some sort of bounce back up like we did previously but if we can't sustain that then chances are we'll fall further though the hope is we avoid that of course. 💥 Just wanted to get that out quick for you guys, below is the 1 minute chart if that may help some more. 💥 Since this is only our second time down here basically since the run up expect stuff to be volatile and whales to possibly start making some trades with some exiting or some possibly entering buy positions if we get lucky enough for that support of course. 💥 I've got to go but wanted to get something out real quick, tomorrow's idea should be better and will allow me to dive in more on some stuff I've been meaning to so feel free to keep tuned and leave a like or follow for now, really helps and all the best till then! ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
⚡ XRP QUICK AFTERNOON TA ⚡⚡ Alright just a lightning quick TA here for you guys, been a bit under the weather today and just woke up so wanted to get something out quick in the least, thanks for joining. Seems we had some quick impulse movements thanks to some big sell's as well as buy in's. ⚡ Honestly it feels like a bit of what happened earlier in the week which we theorized that it could have been caused by a whale or institutional trader buying and selling/exiting their position. That basically just sent us into a spiral down which extended below 0.688 but price managed to promptly pull us back up and away from our 0.688 level signaling another sign of support there. ⚡ My main focus has been on that 200 day moving average, thanks to the bullish run we've managed to regain that 200 which is a positive sign though the target now will be to stick above 0.699 or 0.70 basically and form another level of support again. ⚡ I've added two dotted black horizontal lines to help visualize things like those resistance points on the local such as the first which ultimately lead up to our reversal once we failed to break 0.72 and the second now possibly being at 0.704 though we'll likely manage to break above that but will want to see more support form and so on. ⚡ That's it for today's idea, again not feeling to great but I couldn't let you guys down! Had to get something out so hope that helps at least a bit, feel free to leave any likes or follows as always and thanks for the ongoing support everyone, really helps. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
6
🔥 XRP BREAKS OUT! & WELLS FARGO! 🔥 🔥 Some crazy stuff today! And an even crazier prediction! Without further a due let's dive into things and thanks for tuning in ladies and gentlemen! Thanks for everyone that tuned in with yesterday's idea, got some great support and comments which we're all appreciated, I'll keep it up as always! 🔥 Catalyst for the rather crazy jump has been the news which has been Shannon Thorp's twitter thread on XRP in which she detailed the utility and the driving price giving her own forecast of $100-500 within the next 4-7 months before offering her reasoning. For anyone who doesn't know, Shannon is the Treasury Manager for the banking giant Wells Fargo. Below is a link to the post she made regarding XRP, lot of great stuff! twitter.com 🔥 Anyway that's a pretty wild development in itself, she even points out how she believes everything will happen with the flip of a switch even pointing out her belief that there's already been an evaluation for XRP, like gold with the governments controlling the next world of finance, in general some wild stuff but feel free to read for yourselves and comment below what you think, thoughts, I'd very much like to hear some comments, thank you. 🔥 I'll dive quick in on TA, TA wise we got a breakout from that consolidation channel so that's been nice to see, there's obviously gonna be some resistance at 0.72 being as that's where we originally fell from but the fact we we're able to get this push in itself is great to be honest, just another confirmation of some good support above 0.68. Here's a quick 1 minute chart below: 🔥 Chart does most of the speaking for itself, we broke above the 200 day moving average on the local most likely thanks to the twitter post gaining traction today with some articles coming out about it the past few hours so that's most likely been the good push that's helped us, we've needed. I'm not setting any targets or directions for today, biggest thing is we stay above 0.68 and 0.70 for the local. You already know I'm bullish on XRP overall in the long term. Don't like to focus on the local or stress about it so much, it's static compared to the real utility of XRP in itself. 🔥 Hopefully I've offered some helpful words and thoughts today, always like keeping you guys informed on new and interesting developments like this! After all, I like doing these ideas for you guys and will continue so on as long as I've got the support you guys stay pushing me up with, thank you in kind for it all. Feel free to leave any likes or follows, share, always helps out and comment below! ~ Rock '
BITSTAMP:XRPUSDLong
by Rocksorgate
5
🥊 XRP TAKES ON MAJOR MOVE, BIG NEWS 🥊🥊 Just spent an hour writing up an idea only for all the progress to get lost so I'm just gonna rewrite this real quick for you guys, thanks for joining in and feel free to leave a like or follow, would really be appreciated. 🥊 Below is a 3 minute chart so I'll refer to that quick. 🥊 Based on the chart we can identify everything that's happened and get some confirmations. The first one is that the 0.688 and 0.736 levels we added in a few days ago proved the test well and did their job for us confirming some stuff like that resistance at 0.736 as well as the support above 0.688 with us promptly getting pulled back up. 🥊 What I did want to point out was my quick theory on the quick jump up and down. When I looked at the bars I noticed that there was 1-200k in buying volume cumulatively. Almost immediately we saw a drop in the following bar which had a volume of 405k. My theory is that a whale or institutional buyer wanted to sell their original position and decided to do a semi rug pull. They basically could have used 50-100k or even more to get prices pumping and looking like XRP will rocket quick, thanks to that other traders and retail buyers will buy up XRP increasing the liquidity and demand. The whale then takes advantage of the heightened demand and liquidity/ sells their lot in one go at the best price possible since other people are buying the XRP they're selling and won't realize it's been sold until after the fact. If you don't believe me look at the chart yourself. The volume then dips to 35k being the highest for the next few minutes so the volume was almost certainly a big whale/institution. 🥊 That's a lot for a theory I understand but this stuff doesn't just happens randomly. Not to mention the trade occurred at 6 am which tells me they wanted most of the market to be asleep, so they took advantage of that and the low volume to execute their quick rug pull and exit their position. That's about it and that's what set us up for this fall that's happened. Why I would like to reinforce the fact that all that matters is that we avoided felling below 0.688. 🥊 If we look again at the 3 minute chart we can see how prices got rejected upon the rebound at 0.71 hitting our channel top which we've already identified as resistance. This is the same consolidation channel you guys should have already, I simply extended, pulled it to the right so feel free to do the same on your charts. 🥊 Target at this point is just to break back above 0.71 and out the channel, in the least avoid falling below 0.688 if we do end up retesting that level of support. 🥊 Ultimately though stuff isn't too bad, XRP's utility is ultimately the main driving factor and in the long run things continue to be positive. Not to mention yesterday Fubon Bank announced it's plan to use Ripple's Ledger platform to test Digital Hong Kong Dollars. The bank has announced plans to launch a pilot real estate tokenization program this year in Q3 of 2023 on Ripple's CBDC platform. 🥊 As the article explains, Fubon Bank will take advantage of Ripple's CBDC platform using it to tokenize real estate as well as issue loans in e-KHD 'Electric Hong Kong dollars'. The first part of the test is to convert the fiat version of Hong Kong Dollars into a 'test-only' digital Hong Kong dollar on a 1:1 exchange rate. All that in itself is a big development for XRP and another bit of proof that XRP's CBDC platform will no doubt likely become a big part of life for companies, industries. 🥊 I'm a bit tired right now and have to get ready for work so I'll leave you guys on that note, just wanted to get something out at least. Feel free to leave a like or follow as always and have a great day. Also attached below is a link to the article for the Fubon Bank Test. thecryptobasic.com ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
6
⚡ XRP QUICK TA ⚡⚡ Thanks for joining as usual ladies and gentlemen, today's Ta won't be long at all, I'm very tired and want to sleep but wanted to get this out first at least. ⚡ I've simply extended the original consolidation channel between 0.7077 and 0.688 so feel free to extend or add one in for yourselves to refer to. Basically we want to avoid falling in within the consolidated channel as it would reset our progress a bit. ⚡ We've already managed to keep above it this long but with us having failed to form any higher high's, volume's decreased signaling traders got a bit tired and exhausted. That's resulted in us loosing the 200 EMA and we'll simply have to gain it again whenever we do to continue upwards but should we avoid slipping into the channel below that would be positive. ⚡My head hurts and I have to get some much needed sleep, just going to leave stuff here for now since nothing too crazy has happened, just some sideways and relatively lax trading activity. If you'd like to leave a like or follow would be much appreciated as usual, thanks. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
2
💦 XRP 'JUST KEEP SWIMMING' 💦🌊 Hi! Thanks ladies and gentlemen for tuning in, been busy with some personal matters so haven't been able to post but without further a due let's take a quick swim. 🌊 🌊 In our last idea the target was to get a break above 0.71 and get some of that momentum again back up with volume having declined following the fall from 0.736. Pointed out that a break above 0.71 would help to be a positive signal for the market to get back some confidence in XRP which thankfully did manage to happen pushing prices to 0.73 on the local. 🌊 Below I will link a 15 minute visual chart for you guys to refer to as well as some new markings I've added which you can add to your own charts of course. 🌊 The chart basically speaks for itself pretty much but we've got this new consolidation channel that's formed and wouldn't be too bad to make note of. And yes I'm aware that most of the points intersect at 0.71 for the bottom channel mark but 0.70 is where your two deepest points/wicks have extended to so I've made the mark there. 🌊 XRP did manage to form a higher high on the local too so happy with that, and for the 200 EMA it's just what it is, even if we lose it we just have to keep avoiding falling below 0.70 and 0.68 if it comes down to that again. Below I added in a fibonacci that could help some of you guys I'm sure. 🌊 I marked the bottom of the Fib at the start of XRP's rally and the top at the peak so that's given this: 🌊 Can identify some pretty distinct things right off the bat such as at that 0.713 mark which shows a clear difference for us depending on whether or not we're below or above that Fib. Then above at 0.736 we see how price's immediately tumbled once we lost that level so indicates that these Fib lines can do us some good. I'll do my best to start incorporating this some more but feel free to add to your own charts or look yourself. 🌊 The Federal Reserve made the decision to approve rate hikes bringing levels to a 22 year high raising rates by a quarter percentage point which does bring the rate to it's target of 5.25%-5.5%. Market's basically been pricing now the factor that there likely won't be any more hikes in the coming meetings though policy makers said otherwise. Show's the market's belief that this is the end of rate hikes increasing and a possible soft landing for the US economy with hopes rising. I can't say anything to that but that's simply been one of the driving forces here and XRP's seemed to have taken advantage of that. 🌊 All this especially as the Pacific Island Group of Palau is preparing to start it's stablecoin trail of using a stablecoin which will be linked to the U.S dollar. The test will be running through August and run on the XRP ledger with Ripple already providing technical assistance and staff to assist. There's no absolute guarantee that the nation which consists of 20,000 people and 340 islands will continue after the test with the project but a report will be made on the progress and that in itself is a big step for crypto, not to mention XRP. 🌊 Below I will add a link to the site I referenced regarding the Palau Project if you guys would like, that's it for today's idea but thanks so much for tuning in, I really appreciate it and feel free to leave any likes, follows, always helps, thank you. Link to Palau Test: www.coindesk.com ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
4