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Xrpusdlong

XRP slides beneath $1, but bulls lock eyes on $1.2Ripple remarkably cleared the path to $1 after the nerve-shattering breakdown to $0.65. Moreover, the price lifted to $1.07 before losing momentum. On Wednesday, the primary battle was to keep XRP afloat at $1, although bulls lost the bid. A correction came into the picture, forcing Ripple to explore the area under $1 again. The previous support at $0.9 played an essential role in preventing declines from extending further. Meanwhile, XRP trades at $0.95 amid, as bulls plan another takeover. Ripple eyes another liftoff past $1 XRP bulls might have lost the fight above $1 but remain relentless in the mission to hit higher levels at $1.2 and $1.4. The technical picture currently sends mixed messages, especially with the Moving Average Convergence Divergence (MACD) stuck under in the negative region. This technical indicator identifies positions to buy the dip and sell the top. For instance, a buy signal occurred following the bounce from last week’s support at $0.65. The call manifests by the MACD line (blue) crossing above the signal line. Note that the trend would have tuned massively bullish if the indicator cracked into the positive region. With the MACD line likelihood of sliding under the signal line, the bearish grip will become stronger. A break above $1, a resistance highlighted by the 50 Simple Moving Average (SMA), would call more buyers into the market. A surge in the tailwind force is bound to bolster Ripple past the critical $1.2 level and perhaps resume the uptrend heading to $1.4. Ripple intraday levels Spot rate: $0.95 Trend: Bearish biased Volatility: Low Support: $0.9, $0.8 and $0.65 Resistance: $the 50 SMA, $1.2 and $1.4
BITFINEX:XRPUSDLong
by CoinGape
1
XRP/USD - DON'T FALL FOR PREMIUIM (SHORT-TERM)Technical Overview: - XRP We are at the top, do not buy now if you bias is bullish, we need to see market give us the opportunity Use our analysis as a sentiment Analysis is only 1 piece of the puzzle 🧩 Our analysis is a sentiment for the upcoming week, month. Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining. Trade this sentiment based off your own entry strategy at the right time. Flow with the Devil 😈 Trade with the manipulation👾 STAY UPDATED BELOW!
CRYPTOCAP:XRP
by FlyDownX
22
XRP - Same StoryHi everyone, Don't care what the media or social media says. Charts tell everything. Price in XRP & the other cryptos are oversold, now we might see a Death Cross happen with a pull back to the support zone. That would create a W reversal or we might consolidate more. Thing is that we saw way bigger pull backs in the past with either a quick recovery or a slower one - RSI still needs to break the trend line & MACD still needs to show a bullish cross. Again to be seen but it looks way more bullish than bearish. From it's previous lows XRP went up 1000% and now we have a correction of around 60%? Numbers say it all. Calculate your risk but this a golden opportunity. Kind regards, Noel
KRAKEN:XRPUSDLong
by itsnoelv
XRP price tiptoes above $1Ripple intends to deal with high gas fees in the non-fungible token (NFT) marketplaces. Despite the NFT flooding the cryptocurrency space headlines, especially in the first quarter of 2021, high gas fees have almost crippled the sector. The drastic rise in the NFT culture is a story to reckon with; however, users are forces to accept dwindling interest due to the challenging process of transferring ownership. On the brighter side, Ripple has made public the plan to combat the challenge by integrating the NFT marketplaces on the XRP Ledger. The development will favor both buyers and sellers in the relatively new sector. Moreover, the integration is a welcome for all, keeping in mind that the novel consensus XRPL uses to validate transactions utilizes minimal amounts of energy. According to a statement from the blockchain company: “Building on the XRP Ledger provides developers a unique opportunity to run more sustainable NFT apps and marketplaces while eliminating a heavy burden for the planet.” Ripple price rises above $1 Ripple had on Tuesday corrected from levels marginally above $1 after bulls ran out of steam to continue with the uptrend trailing from the primary support at $0.65. Higher buyer congestion at $0.9 ensured that focus remained on recovery; hence, the liftoff above $1. The Moving Average Convergence Divergence (MACD) indicator validates the prevailing uptrend as it closes the gap to the zero line (0.00). Besides, the MACD keeps widening the divergence above the signal line, affirming the bullish grip. Similarly, the Relative Strength Index (RSI) has a bullish outlook based on its movement from the oversold area toward the overbought region. On the upside, XRP must deal with the resistance at the 50 Simple Moving Average (SMA), which will allow bulls to gaze at higher levels around $1.4. Ripple intraday levels Spot rate: $1 Trend: Bullish Volatility: Low Support: $0.9 and $0.8 Resistance: the 50 SMA, $1.2 and $1.4
BITFINEX:XRPUSDLong
by CoinGape
1
XRP 4H - Potential Vshape Pattern?Hi everyone, Back in the day XRP corrected by 65% and then made a V-shape reversal recovering and making newer highs. For the ones longer in this business we saw this already many more times. Could we see something similar happening? When taking the fractal we see a nice match, it's is probably that XRP could make a new V-shape or any of the reversal patterns. Price did touch the weekly support and these were resistances for many years - we are holding these key areas and we expected this to happen in previous analyses. It's wait and see how the pattern evolves. Kind regards, Noel
KRAKEN:XRPUSD
by itsnoelv
XRP retesting supportRipple is retesting support at 0.6367 level. We can observe it to respect that price and bouncing of of it. This level represents top of triangle we were talking about in March this year. On top of that XRP is forming a channel so there is a chance for nice pull back. Ichimoku: Chikou under price, SS1 under SS2 plus we experienced massive drop below Kumo, retest and further fall. Personally I took my chances and Bought at the retest and hoping for at least temporary growth. Hopefully Crypto will recover and we well have another move up.
KRAKEN:XRPUSD
by RafalZuchowicz
XRP / USD0.0079 KWh per transaction for XRP VS 707 KWh for Bitcoin Bitcoin is too polluting. It is understood for Elon Musk and Tesla. The manufacturer is therefore exploring other cryptocurrencies with better energy efficiency. It could be Dogecoin, with which Musk has a privileged relationship. However, another blockchain shows much better performance than others on this issue: Ripple and XRP. Investors are not unaware of it. The token gained 20% in the 2 days following the statements by the CEO of Tesla. This is no small achievement in a plunging crypto market, driven by the fall in the value of Bitcoin. XRP gains have since been wiped out. However, the token resists better than the main cryptocurrencies. Over 7 days, the price of XRP fell 2.47% and 5.28% over 24 hours to $ 1.45. XRP has indeed objective advantages to seduce Tesla. As TRG Datacenters notes, XRP consumes the least energy per transaction. This consumption is evaluated at 0.0079 KWh per transaction. For comparison, this figure reaches 707 KWh for Bitcoin. Dogecoin, whose developers are benefiting from Musk's advice, also stands out at 0.12 KWh. Cardano also has a playing card with 0.5479 per transaction. Nonetheless, it was XRP that took first place. However, the cryptocurrency and its issuer suffer from a serious handicap. The future of the token hangs in the balance of justice following the SEC complaint. XRP's green advantage undermined by its lawsuit The case is proceeding in court. A standoff is currently taking place between the regulator and Ripple. At the heart of this new different: the participation or not of XRP investors. They are 17,000 to claim to intervene in the trial as a third party.
BITSTAMP:XRPUSDLong
by HolderYoda
2
UPDADE: RIPPLE SETTLEMENT FEASIBLE IN NEXT TWO WEEKS!SEC V. RIPPLE SETTLEMENT FEASIBLE IN NEXT TWO WEEKS, SAID TOP LAYWER “My prediction is that if Gary Gensler is going to pull back from this lawsuit and instead work for more regulatory clarity – it will happen in the next 2 weeks.” new-york-city Attorney Jeremy Hogan, a lawyer who has been covering the SEC v. Ripple lawsuit from the beginning, has predicted that if the new SEC Chair, Gary Gensler, chooses to settle with Ripple, that should happen within the next two weeks. FinanceFeeds covered Mr. Hogan’s remarks in March, when he raised attention to two bombshells dropped by the Judge, consenting on XRP’s currency and utility value. With currencies and securities being two different things, the SEC’s argument that Ripple is security may lose its credibility. This time, Attorney Jeremy Hogan commented on the most recent legal round, in which Ripple put the SEC to shame for making deliberate omissions and misquoting the Judge. Ripple’s Memorandum of Law in opposition to the SEC’s motion to strike Ripple’s lack of due process and fair notice affirmative defense was a “Mona Lisa, a piece of art”, the attorney said. The affirmative defense is important because if the Court finds Ripple lacked Fair Notice, the case is over even if the Court thinks XPR is a security, he explained. At the end of the video, Attorney Hogan shared his prediction regarding the timeline of the lawsuit, depending on the SEC’s new Chair Gary Gensler strategy for the regulator: to pursue further regulatory clarity or go full steam ahead. “My prediction is that if Gary Gensler is going to pull back from this lawsuit and instead work for more regulatory clarity – it will happen in the next 2 weeks. “If we go into June with no settlement then this lawsuit has been adopted and supported by Chairman Gensler for better or worse. If that is the case I predict no settlement until September at the earliest”, he continued. “If there is no settlement and we go to summary judgment or trial I predict…well, heck I don’t know – do I look like a mind reader?” SEC’s new Chair, Gary Gensler, is described as “one of the leading reformers after the financial crisis” as he led the CFTC in implementing the Dodd-Frank Act of 2010 and rein in abuses in the swap derivatives market. Then, he pledged to work to “urgently close the gaps in our laws to bring much-needed transparency and regulation to the over-the-counter derivatives market to lower risks, strengthen market integrity and protect investors.” Regarding regulatory clarity, the CFTC is watching the lawsuit as it will help to establish the scope of the SEC’s authority in the digital assets space”, said Commissioner Stump. Also in the context of the SEC’s lack of clarity, XRP holders’ lawyer John E. Deaton said it “doesn’t take an expert to see that plenty is very wrong, very corrupt and very outrageous about the SEC’s lawsuit against Ripple”. Ripple CEO Brad Garlinghouse has recently said the lack of clarity in U.S. regulation of cryptocurrencies is “frustrating.”
BITSTAMP:XRPUSDLong
by ismartek
11