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Xrpusdlong

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
XRPUSDT , We need to come into heavy support for buyingHello guys This is XRP analysis for short-term traders We have a key ( key : change the trend ) the key is broken with strength and we need some pullback like our arrow then we can take short position until the support then after take signal like hammer o something like this we can take long position and buy some XRP or contracts and hold it for reaching the first Tp being with us for other analysis and PROFIT Good Luck Abtin
by Abtin00
Wedge anyone?Could the wedge give rise to a massive breakout? I've come to terms with the fact that XRP probably isn't going to have any meaningful surge until the SEC debacle has been dealt with. Sadly, this could extend into early 2022. It is what it is. The SEC is wrong and the support for XRP is too big to ignore let alone the utility of the ledger. Please note that cryptocurrencies are speculative assets which carry a very high degree of risk and any speculation in such assets can result in a complete loss of capital. This idea is shared for educational purposes only and should not result in speculative decisions in any digital asset.
BITFINEX:XRPUSDLong
by JesseMorgans
2
Ripple Drops 38% From September Highs; Time To Buy The Dip? Ripple extends the bearish leg to $0.86 but recovers gradually to $0.94. A confirmed breakout above $0.95 would affirm the bulls’ grip on the price for gains eyeing levels above $1. Ripple explored the levels below $1 following the bearish wave that started hitting the market on Sunday. The cross-border token had lifted to September highs of $1.4 before a correction trimmed losses. Initially, support between $1 and $1.1 mitigated the impact of the bearish wave. Nonetheless, the last two days have been highly volatile, with Bitcoin dropping from above $48,000 to nearly $42,000. Meanwhile, XRP plunged to test support at $0.9, but the candlewick hit lowers $0.86 for the first time since August. Ripple Could Be Preparing An Upswing To $1 The support at $0.9 currently ensures that Ripple does not drop to the following critical demand zone, the red band slightly below $0.8. At the same time, it ensures that buyers have the upper hand as they focus on the rebound to $1. Ripple is trading at $0.94 at the time of writing amid a bullish building momentum. The Moving Average Convergence Divergence (MACD) emphasizes the bearish grip at the moment. Still, there is a possibility of a buy signal coming into the picture, especially if Ripple gains momentum above $0.95. It is essential to watch out for the 12-day Exponential Moving Average (SMA) crossing above the 26-day EMA. Moreover, a consistent MACD movement toward the mean line would add credence to the optimistic outlook. As Ripple recovers, some delay should be anticipated at $1, where some holders will try to break even, dampening the selling pressure. However, the most substantial supply zone is the red band on the four-hour chart. A break above this area could liberate XRP and pave the way for another leg up to $1.2 and later to $1.4. On the downside, if losses extend below $0.9, Ripple will quickly drop to the green band, whereby bulls will put up a fierce fight, perhaps sending the cross-border token significantly upward. Ripple Intraday Levels Spot rate: $0.94 Trend: Bullish Volatility: Expanding Support: $0.9 and $0.8 Resistance: $1 and $1.1
BITFINEX:XRPUSDLong
by CoinGape
5
📈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
XRP Idea 9/9/2021I have been watching market. And Doing Elliot Wave count. After Previous Major XRP Correction you can pin point ABC correction, which I can safely assume, that XRP did Wave 2 Correction. We have major pump coming. As we all know with in Elliot waves we have smaller Elliot wave. Please take a look at my Idea and Let me know if you agree with my wave count. From July till September 7th. I can Assume we did full 1-5 Elliot wave count. and currently we doing ABC correction. If we count candle extensions, XRP dropped to 0.95 Cents, if you add fibs it walls perfect 0.618 retracement. wave B just played out. Hitting $1.23 so i can guess we would fall to 0.85 (which is 0.5 Fib) Additionally, historically XRP always pumps from 20 EMA Weekly and always falls slightly below. so its 2 points, that tells me that XPR would hit around $0.85 as price prediction for Pump (Elliot wave 3) i can guess around $4.5 Well let see... let me know if you guys agree... just sharing my Idea here.
BITSTAMP:XRPUSDLong
by kimvova1988