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XRP/USD LONG SET UP (HODL )WE GOING TO THE MOON!(FULL BREAKDOWN)TECHNICAL ANALYSIS- FUNDAMENTAL ANALYSIS- NEWS- SIGNAL- FIB LEVELS- PRICE ACTION XRPL Labs - the innovative Ripple-backed startup has recently announced the development of a revolutionary new banking app based on the XRP Ledger called Xign. The news was announced at the recent Bitrue event in Amsterdam that took place at the end of May.Xign is a mobile app that acts as a banking app without the use of banks. It allows users to check balances and transfer dollars, euros, XRP and other cryptocurrencies. According to the founder of nodum. io and one of the lead developers at XRPL Wietse Wind, the new app is very easy to use so that even people who aren’t familiar with crypto wallets or digital ledgers will get used to it without any worries. At the conference, Wind said that the mobile app is very easy to use and has stated that it delivers a user experience similar to traditional online banking i.e simple. The app comes with an easy-to-use setup guide that enables users to take advantage of the app without any issues. On top of this, it will feature an account directory with look-up and social features to facilitate the non-technical transaction for its users. The app will also be able to approve of deny payments to different individuals and firms. Win has made it clear that XRP will be the app’s native asset. Other servies will be added later like a prepaid ILP Wallet. QUOTED “So, what it will allow you to do is check your balance and send your funds in any currency, because the XRP Ledger can handle any given currency issued on the ledger… We’re not building a crypto wallet. We’re building a banking app. Except, without a bank. We’re building a banking app based on a digital ledger, based on the XRP Ledger and based on ILP (Interledger Protocol).” A new poll reveals interesting XRP facts The Daily Hodl online publication spotted a new Twitter poll that’s been conducted by pseudonymous Ripple and crypto enthusiast XRP_Cro, and this reveals that most of XRP investors believe the coin will surge above $100. “A new poll that targets the XRP community and involves over 1,000 participants shows that 43% say they plan to partially or fully sell their XRP holdings around $100. 39% say they look to sell between $10 – $50, while the remaining 18% claim that they’ll unload between $3 – $10,” according to the notes. As the Daily Hodl continues and reveals, “On the question of which crypto asset they think will give the biggest return on investment (ROI) in the next bull cycle, 77.9% chose XRP, while 15.7% placed their bets on supply chain management protocol VeChain (VET). Bitcoin (BTC) and Ethereum (ETH) garnered 2.9% and 3.5% of the votes, respectively.” Participants have also been asked which digital assets they are holding besides XRP – 65% of the respondents picked VeChain (VET), while 27% chose Cardano (ADA), 14% favored Stellar (XLM), and only 4.1% selected Ethereum. Major distribution territories: $0.22, $0.24, $0.26 • Major accumulation territories: $0.20500, $0.19000, $0.18000 The market point between XRP and the US dollar yet continues trade around the same range trading territory of $0.20 mark as kept quite a while. Neither the base nor the counter has been able to make a significant move away from the range line. All in all, XRP/USD buyers have been struggling to not to let down the crypto’s valuation goes below the previous low of $0.18 point. Meanwhile, bears have continued to press down the crypto’s price from a line a bit over the range trading area. At the conference, Wind said that the mobile app is very easy to use and has stated that it delivers a user experience similar to traditional online banking i.e simple. In this 2 Week chart of Ripple / United States dollar (XRP/ USD), there is a depreciating range from 0.5175 to 0.1105. We can observe that the market then appreciated to the 0.206 level (identified by the yellow down arrow), just below the 23.6% retracement of the depreciating range at the 0.206552 level. We can observe that XRP/USD then depreciated to the 0.1791 level, just below the 9-week Simple Moving Average . We can also observe that the 0.1791 level was just below the 0.183462 level, representing the 23.6% retracement of the appreciating range from 0.1105 to 0.206. If XRP/USD resumes its depreciation, price retracement levels below the current market include the 0.169519 ( 38.2% retracement ), 0.15825 ( 50% retracement ), 0.146891 ( 61.8% retracement ), and 0.130937 ( 78.6% retracement ) levels. If XRP/USD resumes its appreciation, price retracement levels above the current market include the 0.265974 ( 38.2% retracement ), 0.314 ( 50% retracement ), 0.362026 ( 61.8% retracement ), and 0.430402 ( 78.6% retracement ) levels. BUY XRPUSD WE GOING TO THE MOON (Highly Advise Buying Actual Shares Of XRP ON COINBASE) Ripple’s XRP slid by 5.21% in the week ending 18th October. Reversing a 3.07% gain from the previous week, Ripple’s XRP ended the week at $0.24216. It was a mixed start to the week. Ripple’s XRP rose to a Tuesday intraweek high $0.25998 before hitting reverse. Falling short of the first major resistance level at $0.2638, Ripple’s XRP slid to a Friday intraweek low $0.23783 and into the deep red. Ripple’s XRP fell through the first major support level at $0.2438 before finding support through the weekend. In spite of 2 consecutive days in the green, however, Ripple’s XRP failed to break back through the first major support level. 3-days in the red that included a 2.89% slide on Tuesday and a 2.36% fall on Friday delivered the downside for the week. For the week ahead Ripple’s XRP would need to move through the $0.2467 pivot level to support a run at the first major resistance level at $0.2555. Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.2550 levels. Barring an extended crypto rally, the first major resistance level and last week’s high $0.25998 would likely cap any upside. In the event of a breakout, Ripple’s XRP could test resistance at $0.26 before any pullback. The second major resistance level sits at $0.2688. Failure to move through the $0.2467 would bring the first major support level at $0.2333 into play. Barring an extended crypto market sell-off, however, Ripple’s XRP should steer clear well clear of sub-$0.23 levels. The second major support level sits at $0.2245. At the time of writing, Ripple’s XRP was down by 0.01% to $0.24214. A mixed start to the week saw Ripple’s XRP rise to an early Monday morning high $0.24281 before falling to a low $0.24203. Ripple’s XRP left the major support and resistance levels untested at the start of the week. LONG TERM SWING TRADE) ENTRY 1 $0.20580 (1/3) position size ENTRY 2 $0.18468 (2/3) position size ENTRY 3 $0.16000(3/3) position size SL $0.14580 TP.1 $0.21468 TP.2 $0.24580 (TRAIL STOP LOSS FROM TP.1 Or BREAK EVEN) TP.3 $0.29468 TP.4 $0.34580--- (TRAIL STOP LOSS FROM TP.3) tp.5 $0.48468 tp.6 $0.68580 TP.7 $1.11 TP.8 $3.30 XRP and its role in the growing blockchain adoption Another key point revealed by the Ripple report is the diversification in use cases by companies using blockchain technology. 98% of participants using a blockchain have deployed technology for supply chain management (62%), commerce, and finance (51%). So it’s not surprising that 99% of participants said their company could use a digital asset such as XRP to process payments or as a medium of exchange. In contrast to the 2018 results, this figure has grown by 94%. Among the strengths that participants said blockchain technology has, the speed to make cross-border transactions received 40% of the responses. In this aspect, the digital asset XRP and its instantaneous transfers with Ripple’s On-Demand Liquidity solution offer the most important benefit for respondent companies. Along with cost (32%) and reliability (27%), as shown below.Among the obstacles to blockchain adoption, participants mentioned a lack of regulatory clarity, the amount of investment required to implement the technology, and security. However, the results show that digital assets such as XRP are increasingly becoming an important part of the development of the blockchain industry. The report concludes: Emerging markets are leading the charge, recognizing that responsible usage of blockchain and digital assets can unleash tremendous potential for their economy. Without a doubt, both will drive greater financial inclusion and economic growth not unlike the Internet’s impact. Mature markets stand to benefit as well
BITSTAMP:XRPUSDLong
by MavRich_Trading
7
XRP - 4 Hour My ThoughtsIn the No Trade Zone... To risky not sure which direction XRP is heading. My question is, did we form a bear flag or is it played out already? If we break all the resistance above, i would wait for the pull back and close and open above the channel. Short if we break the channel with a pull back. I like buying after the pull back because I've seen to many fake-outs. SHORT TERM: Neutral - Bearish MID TERM: Neutral Bullish LONG TERM: Bullish - Next ATH Short term bearish, because it looks like we are getting a bounce off the top of the channel and BTC is getting a slight pull back. Depending on what BTC is doing. Please visit my BTC chart to get an idea. If you like my Charts, Please Share, LIKE and share. I am not an investment adviser. Please do your own homework and get professional help.
COINBASE:XRPUSD
by Vascoins
RIPPLE coin buying opportunity around 50% FibonacciRIPPLE XRPUSD is currently trading above the 50% Fibonacci level and 61.8% Fibonacci is acting as resistance for the bull.And started trading in a tight range. 0% Fibonacci level give a strong support for the bull market. Buying after the broke and retest on the upper side of the range will give us a good risk ratio. Stop lose may place below the 38.2% Fibonacci level. In volume profile Point of control is coordinates with 38.2% Fibonacci Give a like if you found useful and share with your friends and trading community.And tell about your opinion in the comment section below
BITSTAMP:XRPUSDLong
by forexorbit
Very big moment In XRP...MOON.. or .. It remain unmoved ?XRP is in a very big pressure to show some pulse of live . Xrp's "1 Month candles Chart" has shown some light. we just made the golden cross after a very "long long time". First time after 2018 we are witnessing the "Golden Cross" in "1 month candles" chart. In past we have seen Golden Cross in daily or weekly chart in XRP "BUT" first time we are witnessing "Golden Cross" in monthly chart. Very excited moment, this may be the most awaited Reversal For XRP fans. Lets see whether this golden Cross has any Relevance in Crypto World or not.
BITFINEX:XRPUSDLong
by mwh
8
XRP - 4 Hour My ThoughtsHello XRP fans and haters, Andrew here, coming from burning California. Hate to say XRP fans, it I'm still Bearish until we climb out of this dang descending channel. Sitting on top of support (the 21 MA). IF we break out of the channel and the 21 MA, good things could happen. The inverted H & S pattern could easily playout, due to the resistance and support lines, in relation to the existing left shoulder and head, a break with volume, could take use to the neck line .50 Fib RETRACEMENT line. Retrace to the Golden Pocket, .618. SHORT TERM: Bearish to Neutral MID TERM: Neutral to Bullish LONG TERM: Bullish (with all other alts) BTC is dominating market right now so most crypto are dumbing. If you are not in XRP right now, DON'T open any position, even if we break the neckline, it's still a crap shoot. For swing traders I would wait until we are in the buy zone, at around $0.33. I hear people say alt season is over, lol, in this next btc run, alts season hasn't even started.
COINBASE:XRPUSD
by Vascoins
XRP - 4 Hour My Thoughts - 9-17-20Update, I just updated and added a few markers. I also removed the possible Bear Flag, I feel the flag is no longer valid. I also changed my outlook from Neutral to Bearish, to Neutral to Bullish. There will hurtles on the way up or sideways motions will continue. The no trade zone in this chart is excellent are for scalper with an 8% swing. BUT, set your stops tight and ride the wave. Keep in mind BTC can change course at anytime, so set take profits and stop losses as required. I am not an investment adviser, so do your own homework and seek help if you dont know what you're doing. Thank you for visiting, and if you like my chart, please SHARE, LIKE and FOLLOW. :)
COINBASE:XRPUSD
by Vascoins
2
XRPUSD to see an uptrend(1D) | MACD suggesting bullMarket in last 1 week XRPUSD saw a slight uptrend with the price reaching the midline band Price volatility was very high. The market moved ~10.32%, between $0.258 and $0.234 Today’s Trend analysis XRPUSD expected to see an uptrend as the price is trading between midline and lower band with higher lows being observed Price at the time of publishing: $0.2509 XRP’s market cap: $11.35 Billion Oscillator indicators are mostly neutral. RSI at 47 in the neutral region. Moving average indicators are mostly neutral. Ichimoku Cloud is neutral and Hull MA indicates buying opportunities Volume indicators observed an increase in recent candles from 30.9 to 53.01M being below the 20-candle moving average which decreased from 70.93M to 64.39M. Price expected to see an uptrend as the price is trading between midline and lower band with higher lows being observed. Most of the Oscillator indicators are neutral. MACD line crossed above the signal line, histogram changing from negative to positive in region suggesting a bullish bias. RSI at 47, below the midline in the neutral region. CCI at -6, in the neutral region with an upmove. Another interesting point to notice here is that the volume observed an increase in recent candles being below the 20-candle moving average indicating bearish momentum. ---------------------------------------------------------------------------------------- The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles. DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion. Note: Above analysis would hold true if we do not encounter sudden jump in trade volume . ---------------------------------------------------------------------------------------- If you find the analysis useful, please like and share our ideas with the community! - Mudrex
COINBASE:XRPUSDLong
by Mudrex
5
Ripple coin Bear flag is formingXRPUSD Bear flag is forming at four-hour chart. And the price is currently trading below the 50,100,200 exponential moving average. The current level is below 50% Fibonacci retracement level. 61.8% Fibonacci will be act as resistance for bearish trend. On upside 0.31000 will be a major resistance level. On downside the target would be 0.21000. Please give us a thumbs up if u like our work and do follow us so that you can get a regular update about upcoming setups and ideas Disclaimer It’s not a financial advice. Do the analyze and take a decision.
BITSTAMP:XRPUSDShort
by forexorbit
3
XRPUSD to see downmove after getting resistance from midline(1D)Market in last 1 week XRPUSD saw a sideways movement and got support from lower band Price volatility was very high. The market moved ~15.65%, between $0.266 and $0.230 Today’s Trend analysis XRPUSD expected to see an uptrend and decline after getting resistance from midline, as the price has been trading between midline and lower band, with support from lower band Price at the time of publishing: $0.2455 XRP’s market cap: $11.01 Billion Oscillator indicators are mostly neutral. RSI at 42 in the neutral region. Moving average indicators are mostly neutral. Ichimoku Cloud is neutral and Hull MA indicates buying opportunities Volume indicators observed a decrease with high values for red candles, with traded volume between 113.9M and 39.7M with a decrease in 20-candle moving average Price expected to see an uptrend and decline after getting resistance from midline, as the price has been trading between midline and lower band, with support from lower band. Most of the Oscillator indicators are neutral. MACD line moving below the signal line, histogram size decreasing in the negative direction suggesting a bearish bias. RSI at 42, below the midline in the neutral region. CCI at -73, in the neutral region with an upmove from oversold region. Another interesting point to notice here is that the volume observed a decrease with high values for red candles indicating a shift from sellers to buyers with Bollinger band expansion. ---------------------------------------------------------------------------------------- The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles. DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion. Note: Above analysis would hold true if we do not encounter sudden jump in trade volume . ---------------------------------------------------------------------------------------- If you find the analysis useful, please like and share our ideas with the community! - Mudrex
COINBASE:XRPUSDShort
by Mudrex
6
XRPUSD to see downtrend(1D) | Price riding the lower bandMarket in last 1 week -XRPUSD saw a dowtrend after breaking the midline support -Price volatility was very high. The market moved ~12.96%, between $0.292 and $0.262 Today’s Trend analysis -XRPUSD expected to see a downtrend as the price is rding the lower band with lower lows observed -Price at the time of publishing: $0.2644 -XRP’s market cap: $11.89 Billion -Oscillator indicators are mostly neutral. RSI at 42 in the neutral region. -Moving average indicators are biased towards a downtrend. Ichimoku Cloud is neutral -Volume indicators observed a similar value in the recent candles with the 20-candle moving average decreasing Price expected to see a downtrend as the price is rding the lower band with lower lows observed. Most of the Oscillator indicators are neutral. MACD line below the signal line, histogram size increasing in the negative directionsuggesting a bearish bias. RSI at 42, below the midline in the neutral region with a down move. CCI at -188, in the overbought region indicating an uptrend. Another interesting point to notice here is that the volume had a similar value in the recent candles suggesting a bullish momentum. ---------------------------------------------------------------------------------------- The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles. DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion. Note: Above analysis would hold true if we do not encounter sudden jump in trade volume . ---------------------------------------------------------------------------------------- If you find the analysis useful, please like and share our ideas with the community! - Mudrex
COINBASE:XRPUSDShort
by Mudrex
7
XRP NATION (HODL) BULL RUN ONCE WE BREAK $0.34XRP suffered a smaller 4% price drop this week as it falls into the $0.286 support, provided by a .236 Fib Retracement. XRP started the week above $0.3 as it pushed above a shallow falling price channel. It managed to spike as high as $0.331 before the sellers stepped in and sold XRP lower. On Tuesday, XRP penetrated beneath $0.3 as it fell back into the previous falling price channel. The coin continued to drop over the following days until reaching support at $0.286 (.236 Fib Retracement). If the bulls can regroup at $0.286 and push higher, the first level of resistance lies at $0.3. Following this, resistance lies at $0.313 (1.414 Fib ExtensioN), $0.321 (bearish .886 Fib Retracement), and $0.331 (1.618 Fib Extension). Against Bitcoin, XRP headed lower this week as it reached the 2435 SAT support (.382 Fib Retracement). The coin had attempted to push higher as it spiked toward 2700 SAT. However, the bears did not allow it to close a daily candle above 2560 SAT this week. After rolling over from 2560 SAT, XRP headed lower and eventually broke beneath the 100-days EMA to reach the current 2435 SAT support (.382 Fib Retracement). If the sellers push beneath the 2435 SAT, the first level of support lies at 2400 SAT. This is followed by support at 2333 SAT (.5 Fib Retracement & 200-days EMA), 2230 SAT (.618 Fib Retracement), and 2100 SAT. Alternatively, if the sellers break beneath $0.286, the first level of support lies at $0.28. This is followed by support at the lower boundary of the channel, $0.264 (.382 Fib Retracement), and $0.25. The weak rebound off the 20-day EMA ($0.285) on Aug. 20 suggests a lack of buyers at higher levels. If the bears can now sink XRP below the 20-day EMA, a drop to $0.268478 is possible. The 20-day EMA has flattened out and the RSI has dropped close to the midpoint, which suggests a range-bound action in the short-term. A strong bounce off the $0.268478 support will signal strength and the bulls will try to push the price back to $0.326113. Contrary to this assumption, if the bears sink the XRP/USD pair below $0.268478, a deeper correction to the 50-day SMA ($0.243) is likely. With the launch of the latest Ripple gateway, gold just got a lot more useful. Gold Bullion International (GBI), one of the world’s leading precious metals providers, now enables people to trade digital units of physical gold, send it to friends and family, or even spend it online. -Ripple publishes the quarterly XRP Markets Report to voluntarily provide transparency and regular updates on the company’s views on the state of the XRP market, including quarterly programmatic and institutional sales updates, relevant XRP-related announcements, such as Xpring and RippleNet partnerships, and commentary on previous quarter market developments. As an XRP holder, Ripple believes proactive communication and transparency are part of being a responsible stakeholder. Moreover, Ripple urges others in the industry to follow its lead to build trust, foster open communication and raise the bar, industry-wide.Disciplined, Responsible Stakeholders: Continued Pause in XRP Programmatic SalesIn Q2 2020, total XRP sales were $32.55 million (USD) vs. $1.75 million the previous quarter. Ripple continued the pause of programmatic sales, focusing solely on its over-the-counter (OTC) sales as part of providing increased XRP liquidity to RippleNet’s On-Demand Liquidity (ODL) customers. This added liquidity is vital as ODL continues to evolve and expand into new corridors. A healthy, orderly XRP market is required to minimize cost and risk for customers, and Ripple plays a responsible role in the liquidity process. As more financial institutions leverage RippleNet’s ODL service, more liquidity is added into the XRP market. That said, Ripple has been a buyer in the secondary market and may continue to undertake purchases in the future at market prices.Total sales (OTC-only, given programmatic pause) ended the quarter at 18 bps of CryptoCompare TopTier volumes. This is compared to total sales in the previous quarter (OTC-only, given programmatic pause) of 0.60 bps of CryptoCompare TopTier. -Volatility XRP’s standard deviation of daily returns over Q2 was 3.0%, representing a decrease in volatility from Q1’s 6.2%. XRP’s volatility over the quarter was lower than that of bitcoin (3.4%), and lower than that of Ethereum (4.2%). Escrow In Q2 2020, three billion XRP were released out of escrow (one billion each month). In total across the quarter, 2.6 billion XRP were returned and subsequently put into new escrow contracts. For more information on the escrow process On-Demand Liquidity (ODL) More than ever, financial institutions are seeing the value of RippleNet’s ODL service to provide instant, global payments and meet market demand, especially during times of crisis due to the exposed risk and increased volatility. In Q2 2020, ODL accounted for nearly 20% of RippleNet volume. Comparing just H1 2019 with H1 2020, RippleNet experienced 11x year-over-year growth in ODL transaction volume. Liquidity and Volume Major distribution territories: $0.28, $0.31500, $0.34 • Major accumulation territories: $0.20, $0.24, $0.26 BUY XRPUSD WE GOING TO THE MOON ENTRY 1 $0.26580 & ENTRY 2 $0.24468 SL $0.16460 TP.1 $0.30468 --TP.2 $0.32500 -- TP.3 $0.34580--- TRAIL STOP LOSS FROM TP.3) TP.4 0.38400 tp.5 $0.48468 tp.6 $0.68580 TP.7 $1.11 TP.8 $3.30--TP.9--$8.50--TP.10 $12.50 As for overall liquidity and volume, XRP ended the quarter as the fifth most traded digital asset as measured by rolling 30D volume. XRP volume remained relatively strong as overall digital asset volume saw a dip in the second quarter of 2020. The XRP Ledger saw over 85 million in total transactions and XRP’s adjusted transfer value (NVT) ratio was 200.512—the highest among all digital assets in Q2. The NVT ratio compares market cap to on-chain transactional usage, making it a good determination of an asset’s utility. XRPL also saw $20,138 in total transaction fees over the ledger—the lowest among all digital assets in Q2. Early on, Ripple identified remittances as its primary use case, and will continue to focus on supporting low-value, high-frequency payments with ODL. -Gold has served monetary and symbolic functions since before the beginning of recorded history. Today, individuals, institutional investors, and central banks continue to maintain strategic holdings in the highly sought-after precious metal. In all, the total market for gold is worth over $8 trillion. The yellow element Au has stayed in vogue because of its physical properties. Beyond being yellow like the sun, it’s malleable, fungible, and moderately rare. But these same physical properties can also make it unwieldy to manage in the context of the modern world. By integrating with the Ripple protocol, GBI combines the historic qualities of gold with the capabilities of digital currency. “Ripple changes the dynamics of value, allowing for a real-time market that can instantly trade between gold, currency, mobile minutes, and more,” said Steven Feldman, co-founder and CEO of GBI. “We have been leaders in combining technology and precious metals, and our integration into Ripple allows us to continue our push into digital currencies by enabling investors to now buy digital physical gold.” This means that anyone holding bitcoin can purchase gold on the Ripple network in the form of XAU balances issued by GBI. These balances are backed by physical gold deposited in secure vaults around the world in cities like New York, London, and Zurich. The firm has over $1 billion in completed transactions, providing services to a broad range of institutional customers including Merrill Lynch. Not only can users easily send gold to friends and family, anyone can redeem their XAU balances for physical gold delivery at any time. And thanks to the flexibility of the Ripple protocol, which seamlessly manages all necessary currency conversions behind the scenes, holders of XAU can spend their gold wherever Bitcoin is accepted, such as Overstock, Expedia, and most recently, Dell
BITSTAMP:XRPUSDLong
by MavRich_Trading
4
XRP/USD LONG(HODL) Ever Heard The Phrase"History Repeats Itself"TECHNICAL ANALYSIS- FUNDAMENTAL ANALYSIS- NEWS- SIGNAL- FIB LEVELS- PRICE ACTION history repeats itself used to say that things often happen in the same way as they did before Bullish traders have clearly had momentum behind them since the turn of the month the wider cryptocurrency market experiencing a tremendous uptick. Altcoins like OMG token have surged dramatically with it reaching a $9.50 valuation despite being worth just $1.50 at the start of August. If this trend of altcoin rallies continue, tokens like XRP will react well as it is one of the most notable cryptocurrencies in terms of its overall brand a visibility to new investors. XRP suffered a smaller 4% price drop this week as it falls into the $0.286 support, provided by a .236 Fib Retracement. XRP started the week above $0.3 as it pushed above a shallow falling price channel. It managed to spike as high as $0.331 before the sellers stepped in and sold XRP lower. On Tuesday, XRP penetrated beneath $0.3 as it fell back into the previous falling price channel. The coin continued to drop over the following days until reaching support at $0.286 (.236 Fib Retracement). If the bulls can regroup at $0.286 and push higher, the first level of resistance lies at $0.3. Following this, resistance lies at $0.313 (1.414 Fib ExtensioN), $0.321 (bearish .886 Fib Retracement), and $0.331 (1.618 Fib Extension). Against Bitcoin, XRP headed lower this week as it reached the 2435 SAT support (.382 Fib Retracement). The coin had attempted to push higher as it spiked toward 2700 SAT. However, the bears did not allow it to close a daily candle above 2560 SAT this week. After rolling over from 2560 SAT, XRP headed lower and eventually broke beneath the 100-days EMA to reach the current 2435 SAT support (.382 Fib Retracement). If the sellers push beneath the 2435 SAT, the first level of support lies at 2400 SAT. This is followed by support at 2333 SAT (.5 Fib Retracement & 200-days EMA), 2230 SAT (.618 Fib Retracement), and 2100 SAT. Alternatively, if the sellers break beneath $0.286, the first level of support lies at $0.28. This is followed by support at the lower boundary of the channel, $0.264 (.382 Fib Retracement), and $0.25. While in the short term it seems as though XRP may suffer a drop to the downside, the macro remains bullish with price targets emerging at $0.3475 and $0.36907. Ripple’s Director of Product Launches XRP Payments and E-Commerce Platform Ripple’s director of product is rolling out the beta version of Payburner, an XRP-based e-commerce payment platform. In a new Twitter thread, Craig DeWitt, says Payburner is designed to make it extremely easy to send and receive instant global payments. The new product, which started as DeWitt’s side project, functions as a non-custodial wallet. DeWitt says the responsibility of safely storing the funds falls on the users as Payburner won’t have access to their passwords. *XpringKit provides a Swift based SDK for interacting with Xpring Platform (XRP/ ILP ) Standing on the doorstep of a new year and a new decade, it is hard to believe that the first real public engagement with digital assets began only a few short years ago in 2017. Over that year and into the next, speculators and media coverage drove wild fluctuations in interest and price—contributing to a series of both spectacular rises and precipitous falls in each. But that digital asset roller coaster ride smoothed out over the course of 2019 as speculation subsided and specialized use cases began to emerge. That utility helped demonstrate value in digital assets beyond trading and contributed to increased stability. While skeptics and critics might still view digital assets as a giant game of Jenga, just waiting for a wrong move to send all the blocks tumbling down, we here at Ripple see the future of digital assets as more like a vast set of Legos. By carefully piecing them together, it’s possible to reimagine familiar worlds or create entirely new ones. Looking ahead, we believe 2020 will reveal new technologies and applications for digital assets that can lead to meaningful, tangible change across a wide range of industries. In particular, we expect three major themes to develop in this first year of the new decade that will lead to a more mainstream embrace of digital assets. Digital Assets Underpin Consumer Financial Products XRP is a digital asset custom-designed to facilitate cross-border payments. A number of companies, including MoneyGram and goLance, and applications have endorsed this use case and we anticipate even more will join the adoption curve over the coming year. But our team expects other digital assets and use cases to find traction in the coming year and decade. Ripple SVP of Product Asheesh Birla predicts that mobile wallets will enter the blockchain and crypto industries in a big way. Specifically, he believes that “adoption of digital assets and blockchain technology among mobile wallets and super-apps like Gojek, Grab and PayPal will become more mainstream as they look to expand their services to keep up with customer demand and compete with digital banks.” According to Asheesh, that adoption will continue expanding to include new credit and loan products. He expects that these more mainstream use cases will first emerge in developing markets like Kenya, Nigeria and parts of Latin America where the need is most acute. These applications will be aided by friendlier regulations towards digital assets, which will also make them more attractive to tech companies seeking paths to expansion. Similarly, Ripple SVP of Customer Success Marcus Treacher sees international and micropayments expanding to facilitate new consumer uses. In particular, he envisions purchase solutions for tourists and travelers that no longer rely on cards or card rails taking root in 2020. “Imagine if a Japanese tourist visiting Thailand could buy goods using a mobile app or QR code, triggering an immediate cross-border payment from their Japanese yen account to a Thai baht merchant’s account. If more consumer purchase solutions start leveraging blockchain technology in the same way, the payoff will—quite literally—be huge!” Marcus also predicts that big tech companies will continue to enter the payment space, hastening the growth of micro and wallet payments supporting immediate, low-value payment flows. This expansion of micropayments beyond traditional messaging apps like Telegram and Line to deep pocketed enterprises should create a resulting surge of developers flocking to digital assets. Institutional Adoption of Digital Assets Accelerates For digital assets and associated applications to have long-term staying power, institutional players must embrace the technology. We anticipate that just such a wave of institutional adoption will begin in 2020 with more traditional firms deploying digital asset and blockchain-based solutions. Breanne Madigan, our Head of Global Institutional Markets, says this will be enabled by trusted custody brands such as State Street or Bank of New York becoming involved in digital assets. “The presence of recognized players will increase institutional confidence in the space and pave the way for greater institutional adoption next year,” explains Breanne. CEO Brad Garlinghouse is even bolder, predicting that half of the top 20 biggest banks in the world will actively hold and trade digital assets in 2020. He is also one of many on the team that believes fiat currencies will go digital in the next year. While SVP of Xpring Ethan Beard expects at least one central bank to launch a tokenized representation of their fiat currency in 2020, Brad forecasts at least one non-G20 currency—like the Argentine peso or similar—will become fully digitized within the next year. Xpring SDK provides the ability to work with PayID, using libraries provided in JavaScript, Java, and Swift The weak rebound off the support line of the symmetrical triangle indicates a lack of buyers at higher levels. Currently, the bears are attempting to sink XRP below the triangle. The downsloping 20-day EMA ($0.197) and the relative strength index in the negative territory suggests an advantage to the bears. XRPL Labs - the innovative Ripple-backed startup has recently announced the development of a revolutionary new banking app based on the XRP Ledger called Xign. The news was announced at the recent Bitrue event in Amsterdam that took place at the end of May.Xign is a mobile app that acts as a banking app without the use of banks. It allows users to check balances and transfer dollars, euros, XRP and other cryptocurrencies. According to the founder of nodum. io and one of the lead developers at XRPL Wietse Wind, the new app is very easy to use so that even people who aren’t familiar with crypto wallets or digital ledgers will get used to it without any worries. At the conference, Wind said that the mobile app is very easy to use and has stated that it delivers a user experience similar to traditional online banking i.e simple. The app comes with an easy-to-use setup guide that enables users to take advantage of the app without any issues. On top of this, it will feature an account directory with look-up and social features to facilitate the non-technical transaction for its users. The app will also be able to approve of deny payments to different individuals and firms. Win has made it clear that XRP will be the app’s native asset. Other servies will be added later like a prepaid ILP Wallet. QUOTED “So, what it will allow you to do is check your balance and send your funds in any currency, because the XRP Ledger can handle any given currency issued on the ledger… We’re not building a crypto wallet. We’re building a banking app. Except, without a bank. We’re building a banking app based on a digital ledger, based on the XRP Ledger and based on ILP (Interledger Protocol).” Major distribution territories: $0.28, $0.31500, $0.34 • Major accumulation territories: $0.20, $0.24, $0.26 BUY XRPUSD WE GOING TO THE MOON ENTRY 1 $0.26580 & ENTRY 2 $0.24468 SL $0.16460 TP.1 $0.30468 --TP.2 $0.32500 -- TP.3 $0.34580--- TRAIL STOP LOSS FROM TP.3) TP.4 0.38400 tp.5 $0.48468 tp.6 $0.68580 TP.7 $1.11 TP.8 $3.30--TP.9--$8.50--TP.10 $12.50 We can also observe that the 0.1791 level was just below the 0.183462 level, representing the 23.6% retracement of the appreciating range from 0.1105 to 0.206. If XRP/USD resumes its depreciation, price retracement levels below the current market include the 0.169519 ( 38.2% retracement ), 0.15825 ( 50% retracement ), 0.146891 ( 61.8% retracement ), and 0.130937 ( 78.6% retracement ) levels. If XRP/USD resumes its appreciation, price retracement levels above the current market include the 0.265974 ( 38.2% retracement ), 0.314 ( 50% retracement ), 0.362026 ( 61.8% retracement ), and 0.430402 ( 78.6% retracement ) levels.
BITSTAMP:XRPUSDLong
by MavRich_Trading
12
XRP HODL WE GOING TO THE MOON! XRP STANDARD)TECHNICAL ANALYSIS- FUNDAMENTAL ANALYSIS- NEWS- SIGNAL- FIB LEVELS- PRICE ACTION *XpringKit provides a Swift based SDK for interacting with Xpring Platform (XRP/ILP) Standing on the doorstep of a new year and a new decade, it is hard to believe that the first real public engagement with digital assets began only a few short years ago in 2017. Over that year and into the next, speculators and media coverage drove wild fluctuations in interest and price—contributing to a series of both spectacular rises and precipitous falls in each. But that digital asset roller coaster ride smoothed out over the course of 2019 as speculation subsided and specialized use cases began to emerge. That utility helped demonstrate value in digital assets beyond trading and contributed to increased stability. While skeptics and critics might still view digital assets as a giant game of Jenga, just waiting for a wrong move to send all the blocks tumbling down, we here at Ripple see the future of digital assets as more like a vast set of Legos. By carefully piecing them together, it’s possible to reimagine familiar worlds or create entirely new ones. Looking ahead, we believe 2020 will reveal new technologies and applications for digital assets that can lead to meaningful, tangible change across a wide range of industries. In particular, we expect three major themes to develop in this first year of the new decade that will lead to a more mainstream embrace of digital assets. Digital Assets Underpin Consumer Financial Products XRP is a digital asset custom-designed to facilitate cross-border payments. A number of companies, including MoneyGram and goLance, and applications have endorsed this use case and we anticipate even more will join the adoption curve over the coming year. But our team expects other digital assets and use cases to find traction in the coming year and decade. Ripple SVP of Product Asheesh Birla predicts that mobile wallets will enter the blockchain and crypto industries in a big way. Specifically, he believes that “adoption of digital assets and blockchain technology among mobile wallets and super-apps like Gojek, Grab and PayPal will become more mainstream as they look to expand their services to keep up with customer demand and compete with digital banks.” According to Asheesh, that adoption will continue expanding to include new credit and loan products. He expects that these more mainstream use cases will first emerge in developing markets like Kenya, Nigeria and parts of Latin America where the need is most acute. These applications will be aided by friendlier regulations towards digital assets, which will also make them more attractive to tech companies seeking paths to expansion. Similarly, Ripple SVP of Customer Success Marcus Treacher sees international and micropayments expanding to facilitate new consumer uses. In particular, he envisions purchase solutions for tourists and travelers that no longer rely on cards or card rails taking root in 2020. “Imagine if a Japanese tourist visiting Thailand could buy goods using a mobile app or QR code, triggering an immediate cross-border payment from their Japanese yen account to a Thai baht merchant’s account. If more consumer purchase solutions start leveraging blockchain technology in the same way, the payoff will—quite literally—be huge!” Marcus also predicts that big tech companies will continue to enter the payment space, hastening the growth of micro and wallet payments supporting immediate, low-value payment flows. This expansion of micropayments beyond traditional messaging apps like Telegram and Line to deep pocketed enterprises should create a resulting surge of developers flocking to digital assets. Institutional Adoption of Digital Assets Accelerates For digital assets and associated applications to have long-term staying power, institutional players must embrace the technology. We anticipate that just such a wave of institutional adoption will begin in 2020 with more traditional firms deploying digital asset and blockchain-based solutions. Breanne Madigan, our Head of Global Institutional Markets, says this will be enabled by trusted custody brands such as State Street or Bank of New York becoming involved in digital assets. “The presence of recognized players will increase institutional confidence in the space and pave the way for greater institutional adoption next year,” explains Breanne. CEO Brad Garlinghouse is even bolder, predicting that half of the top 20 biggest banks in the world will actively hold and trade digital assets in 2020. He is also one of many on the team that believes fiat currencies will go digital in the next year. While SVP of Xpring Ethan Beard expects at least one central bank to launch a tokenized representation of their fiat currency in 2020, Brad forecasts at least one non-G20 currency—like the Argentine peso or similar—will become fully digitized within the next year. Xpring SDK provides the ability to work with PayID, using libraries provided in JavaScript, Java, and Swift The weak rebound off the support line of the symmetrical triangle indicates a lack of buyers at higher levels. Currently, the bears are attempting to sink XRP below the triangle. The downsloping 20-day EMA ($0.197) and the relative strength index in the negative territory suggests an advantage to the bears. XRPL Labs - the innovative Ripple-backed startup has recently announced the development of a revolutionary new banking app based on the XRP Ledger called Xign. The news was announced at the recent Bitrue event in Amsterdam that took place at the end of May.Xign is a mobile app that acts as a banking app without the use of banks. It allows users to check balances and transfer dollars, euros, XRP and other cryptocurrencies. According to the founder of nodum. io and one of the lead developers at XRPL Wietse Wind, the new app is very easy to use so that even people who aren’t familiar with crypto wallets or digital ledgers will get used to it without any worries. At the conference, Wind said that the mobile app is very easy to use and has stated that it delivers a user experience similar to traditional online banking i.e simple. The app comes with an easy-to-use setup guide that enables users to take advantage of the app without any issues. On top of this, it will feature an account directory with look-up and social features to facilitate the non-technical transaction for its users. The app will also be able to approve of deny payments to different individuals and firms. Win has made it clear that XRP will be the app’s native asset. Other servies will be added later like a prepaid ILP Wallet. QUOTED “So, what it will allow you to do is check your balance and send your funds in any currency, because the XRP Ledger can handle any given currency issued on the ledger… We’re not building a crypto wallet. We’re building a banking app. Except, without a bank. We’re building a banking app based on a digital ledger, based on the XRP Ledger and based on ILP (Interledger Protocol).” Major distribution territories: $0.22, $0.24, $0.26 • Major accumulation territories: $0.18, $0.16, $0.14 BUY XRPUSD WE GOING TO THE MOON ENTRY 1 $0.20580 & ENTRY 2 $0.18468 SL $0.16460 TP.1 $0.21468 --TP.2 $0.24580 --TP.3 $0.29468 TP.4 $0.34580--- TRAIL STOP LOSS FROM TP.3) tp.5 $0.48468 tp.6 $0.68580 TP.7 $1.11 TP.8 $3.30--TP.9--$8.50--TP.10 $12.50 The market point between XRP and the US dollar yet continues trade around the same range trading territory of $0.20 mark as kept quite a while. Neither the base nor the counter has been able to make a significant move away from the range line. All in all, XRP/USD buyers have been struggling to not to let down the crypto’s valuation goes below the previous low of $0.18 point. Meanwhile, bears have continued to press down the crypto’s price from a line a bit over the range trading area. At the conference, Wind said that the mobile app is very easy to use and has stated that it delivers a user experience similar to traditional online banking i.e simple. In this 2 Week chart of Ripple / United States dollar (XRP/ USD), there is a depreciating range from 0.5175 to 0.1105. We can observe that the market then appreciated to the 0.206 level (identified by the yellow down arrow), just below the 23.6% retracement of the depreciating range at the 0.206552 level. We can observe that XRP/USD then depreciated to the 0.1791 level, just below the 9-week Simple Moving Average . We can also observe that the 0.1791 level was just below the 0.183462 level, representing the 23.6% retracement of the appreciating range from 0.1105 to 0.206. If XRP/USD resumes its depreciation, price retracement levels below the current market include the 0.169519 ( 38.2% retracement ), 0.15825 ( 50% retracement ), 0.146891 ( 61.8% retracement ), and 0.130937 ( 78.6% retracement ) levels. If XRP/USD resumes its appreciation, price retracement levels above the current market include the 0.265974 ( 38.2% retracement ), 0.314 ( 50% retracement ), 0.362026 ( 61.8% retracement ), and 0.430402 ( 78.6% retracement ) levels. BUY XRPUSD WE GOING TO THE MOON ENTRY 1 $0.20580 & ENTRY 2 $0.18468 SL $0.16460 TP.1 $0.21468 --TP.2 $0.24580 --TP.3 $0.29468 TP.4 $0.34580--- TRAIL STOP LOSS FROM TP.3) tp.5 $0.48468 tp.6 $0.68580 TP.7 $1.11 TP.8 $3.30--TP.9--$8.50--TP.10 $12.50
BITSTAMP:XRPUSDLong
by MavRich_Trading
1
XRPUSD to see an uptrend(1D) | R1 to act as supportMarket in last 1 week -XRPUSD saw an uptrend after gap up was observed -Price volatility was very high. The market moved ~20.74%, between $0.328 and $0.272 Today’s Trend analysis -XRPUSD expected to see an uptrend as Bollinger Band squeezes with R2 working as resistance -Price at the time of publishing: $0.3006 -XRP’s market cap: $13.56 -Oscillator indicators are mostly neutral. RSI at 64 in the neutral region. -Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral -Volume indicators observed ups and downs as blue and red candles were observed Price expected to see an uptrend as price got resistance from R2 in pivot points with a squeeze in Bollinger Band it will get support from R1. Most of the Oscillator indicators are neutral. MACD histogram is negative, size almost consistent in the negative region. RSI at 64, above the midline in the neutral region. CCI at 62, still in the neutral region. Another interesting point to notice here is that the volume saw ups and downs as blue and red candles were observed with an decrease in the 20-candle moving average. ---------------------------------------------------------------------------------------- The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 1 D candles. DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion. Note: Above analysis would hold true if we do not encounter sudden jump in trade volume . ---------------------------------------------------------------------------------------- If you find the analysis useful, please like and share our ideas with the community! - Mudrex
COINBASE:XRPUSDLong
by Mudrex
5