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Xrpusdanalysis

XRP Ripple Analysis & NewsHello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ XRP price has dropped to 0.91920. XRP should have performed better given its development this year. However, The main reason why it's doing badly is its prolonged legal battle with the SEC, which caused a lack of media coverage for all its projects development. The second reason is the continued sale of XRP coins by Jed McCaleb the founder of Ripple and he served as the CTO of the company Ripple until 2013. In January 2018, it was reported that McCaleb's Ripple token ownership was worth between $10 $20 billion, and holds about 2.5 billion tokens currently. The latest drop happened because of the Chain's Ban on cryptocurrency which affected the entire crypto market and almost all of the coins lost value in the last 4 days. But we will see an increase in value soon for 2 reasons : 1) Bhutan Partners With Ripple to Pilot Digital Ngultrum on a Private Ledger (CBDC Project) 2) RippleX Grants $2 Million to Promote NFT Solutions on the XRP Ledger Possible Scenario for the market : it Does seem like the market is holding the Bearish state for a bit which could lead the price to drop more where it will reach the support zone located between 0.91921 - 0.89812. But with all the projects that are been developed by Ripple the market is due to turn Bullish and the trend will probably start at that support level where a bounce will happen leading the XRP price back to the first resistance line at 0.95888 and after that it is gonna zigzag all the way back to the $1.2 range or even higher. Technical indicators show : 1) The market is below the 5 10 20 50 MA and EMA but above the 100 200 ( Which indicates a Bearish short-term trend but a Bullish long-term trend ) 2) The RSI is at 40.22 showing weakness in the market. No divergence found between the market and indicator 3) The MACD is below the 0 line indicating that the market is in a Bearish state, With a negative crossover between the MACD line and the Signal line. Daily Support & Resistance points : support Resistance 1) 0.91921 1) 0.95888 2) 0.89812 2) 0.97746 3) 0.87954 3) 0.99855 Monthly Support & Resistance points : support Resistance 1) 0.80603 1) 1.45796 2) 0.42541 2) 1.72927 3) 0.15410 3) 2.10989 Fundamental point of view : Ripple, in partnership with The Royal Monetary Authority of Bhutan, will start trials for a digital Ngultrum. The San Francisco-based company will integrate its distributed ledger technology into Bhutan’s existing payment system with the help of its CBDC Private Ledger product. According to Ripple, the Royal Monetary Authority expects to enhance digital and cross-border payments. Also, they plan to expand financial inclusion for its residents by 85% by 2023. As of 2019, based on a report published by RMA, it was 67.6%. Although Bhutan is a small country in the Himalayas, it is the only carbon-negative nation worldwide. In line with this, Ripple emphasized that the CBDC solution would be a match for its principles. “Ripple’s commitment to sustainability was important for Bhutan. The CBDC solution is carbon-neutral and, because it’s based on the public XRP Ledger, is 120,000x more energy-efficient than proof-of-work blockchains.” According to bitcoinist NFTs Are The New Battlefront For Ripple’s XRP Army The main focus of the applications was the development of open-source projects dealing with NFTs on the XRP Ledger or XRPL. XRPL encompasses everything we currently consider the XRP ecosystem and is an evolution of the former Ripple Consensus Ledger (RCL). Ripple’s former products, xRapid, xCurrent, and xVia, were, in turn, merged into what is now known as the RippleNet, quickly gathering over 200 customers by 2019. Although Ripple’s focus point has for long been to offer a fast and cheap payment network, it seems that developers are looking for ways to squeeze the potential out of this blockchain and adapt it to the new times. NFTs are an odd use case for the XRP ecosystem, despite their popularity. According to cryptopotato This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
BITSTAMP:XRPUSD
by GabiDahduh
6
XRP/USD LONG Set Up To $2.00 (HODL) Support: $1.10/ $1.05/ $1.00/ $0.9800/ $0.90-$0.88500/ $0.8200- $0.78500/ $0.7460/ $0.68500/ $0.64500-$0.62500 Resistance: $1.14/ $1.20/ $1.24650/ $1.3050/ $1.35/ $1.40-$1.42500/ $1.50/ $1.6450/ $1.70/ $1.76/ $1.86500-$1.88500/ $1.96-$2.00 The Ripple-affiliated XRP token has won another re-listing victory in Japan, where the coin will be made available for trading again on the TaoTao crypto exchange later this month. Per an official announcement, TaoTao stated that the coin would be listed on September 22 following a period of maintenance. The firm added that in addition to spot trading, the coin would also “be available” for margin and leveraged trading. Like many other international exchanges, a large number of Japanese trading platforms delisted or “temporarily suspended” XRP trading after the American Securities and Exchange Commission (SEC) brought charges against Ripple executives, alleging that they had “knowingly” sold XRP as an “unregistered security.” Ripple has hotly disputed this claim, and a protracted legal battle has ensued, with no sign of a victory or defeat forthcoming on either side. But XRP adoption rates remain high in Japan, where Ripple’s presence has been boosted by its close association with the SBI Group, the Japanese financial conglomerate that owns TaoTao. SBI bought TaoTao in 2020 from its business rival SoftBank’s Yahoo Japan. Earlier this month, it announced plans to merge the TaoTao platform with its own-branded SBI VC Trade crypto exchange. The latter already offers XRP trading
BITFINEX:XRPUSDLong
by MavRich_Trading
📈XRP / USDT BUY ZONES TO HOLD📈📈XRP / USDT BUY ZONES TO HOLD📈 💰As many know, Ripple is a highly manipulative coin and MM loves to roll in all directions at good interest rates, forcing inexperienced speculators to experience the maximum level of fear in the fall and violent euphoria in the rise. 💰Therefore, according to the available metrics and analysis, I identified the most profitable zones for buying on hold 📈 Shopping Zones: 1 Zone: 0.61-0.675 $ 2 Zone: 0.51-0.551 $ 🎯 Also highlighted the Zone of Possible Squeese: 0.38-0.45 $ 🔥Purchases from this area are most likely to come out in + 30-50% after 5-10 days 🔥 👻At these marks, as I wrote above, there is a zone of the highest level of fear, here you need to on a maximum buy, if they give 🐙In our business, it is important to have a clear plan, strategy of action and a cool head on your shoulders for any market movements Profitable deals, colleagues😎💸
by Osminog_trade
5
What are your thoughts on XRP?XRP / USD 1 DAY CHART Ripple# XRP / USD 1.06810-0.03505 (-3.18%) 17:25:44 - Real-time Data 1.06592 18:00 20:00 22:00 1.05000 1.06000 1.07000 1.08000 Technical Summary 5 Min: Strong Sell Hourly: Strong Sell Daily: Sell Monthly: Strong Buy What is your thoughts on XRP? XRP / USD made an intraday spike up perfectly into 61,8% Fibo. retracement, ideally for wave C of (B)/(2) as expected and we now have a nice bearish setup formation. So, watch out for more weakness in upcoming days that can send the price back to lows within wave (C) or (3). -For more chart analysis on the crypto market follow, and if you agree with this, like and share.
BITSTAMP:XRPUSD
by GerradFletcher
2