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
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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
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
XRP and othersHi everyone,
I know it's a tuff time but look at the previous corrections/crashes and look at the gains.
Chart speaks for themselves and price is way more important than tweets & media.
My advise is to use the log scale to "zoom out" you will have another perspective.
Take your favorite coin(s) and check it out - try it for yourself!
Kind regards,
Noel
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
XRP Still on the trendi didn't touch anything from my last XRP analyse.
i just added a Fibo Channel Line to show that XRP bounced exactly on WSMA200 + Fibo. (Yellow Circle)
When BTC down and getting dominance, strong hands are switching back to TheKing, and then when it's time, switch again to charge their loved altcoins.
- We could get more delays but Targets are unchanged from my last analyse.
This is not the end but the start! Hodl!
Happy Tr4Ding !
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.
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.