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XRPUSD trade ideas

Selling the Ripple-SEC Settlement News: A Cautionary TaleThe cryptocurrency market is notoriously volatile, driven by a complex interplay of factors including technology, regulation, and investor sentiment. One phenomenon that can significantly impact prices is the "sell the news" event. This occurs when a positive event, anticipated by the market, fails to live up to expectations or is followed by profit-taking, causing the asset's price to decline. The potential settlement between Ripple and the SEC is a prime example of a situation where investors should exercise caution. While a resolution to this long-standing legal battle is undoubtedly positive for the cryptocurrency industry, it's crucial to approach any potential settlement with a critical eye. A look back at the initial ruling in June of last year provides a stark reminder of the risks. Following the favorable decision, XRP surged dramatically, only to reverse course and plunge shortly thereafter. This classic "bull trap" highlights the importance of avoiding emotional decision-making and conducting thorough analysis before making investment choices. Several factors could contribute to a "sell the news" event in the case of a Ripple-SEC settlement. Firstly, the terms of the settlement may not be as favorable to Ripple as investors had hoped. The SEC's stance on cryptocurrencies has been consistently stringent, and any compromise it makes is likely to be carefully calculated. Secondly, the market may have already priced in a positive outcome, leaving little room for further upside. This is a common occurrence in highly anticipated events, as investors tend to build bullish expectations in advance. Furthermore, profit-taking is a natural market dynamic. After a significant price increase, many investors will look to realize their gains, putting downward pressure on the price. This can exacerbate a "sell the news" situation, as it reinforces the negative sentiment. To mitigate the risks associated with selling the news, investors should adopt a disciplined approach. This includes conducting thorough research, understanding the potential implications of different settlement outcomes, and developing a clear investment strategy. It's also essential to maintain a long-term perspective and avoid making impulsive decisions based on short-term price movements. While a Ripple-SEC settlement is undoubtedly a significant development, it's crucial to approach it with a healthy dose of skepticism. By understanding the potential pitfalls and implementing sound investment practices, investors can increase their chances of navigating this complex market successfully. Ultimately, the cryptocurrency market remains highly speculative, and past performance is not indicative of future results. Investors should carefully consider their risk tolerance and investment goals before allocating capital to any digital asset. Disclaimer: This article is for informational purposes only and does not constitute financial advice. Conducting thorough research and consulting with a financial advisor is recommended before making investment decisions.
BITSTAMP:XRPUSD
by bryandowningqln
XRPUSD Incredibly strong 1D candle. Sign of a bullish break-out?A little over a month ago (June 25, see chart below), we posted a roadmap on XRPUSD looking towards an aggressive break-out and rally above its multi-year Triangle: Yesterday, the crypto made a massive 1D green candle (end of SEC's lawsuit), against the majority of the market sentiment and yet again it almost touched the top (Lower Highs trend-line) of the 1-year Channel Down pattern that started on the July 13 2023 High. Just a week ago (July 31 2024), we had the last test (and rejection) of that top so a test that soon could be an early warning of a bullish break-out. If the price breaks and closes the candle above it, we expect a W-shaped recovery that could target the 2.0 Fibonacci extension at 1.1275. If rejected at the top again though, we would expect a re-test of the Channel's 0.618 Fib level, with a rough Target at 0.4000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:XRPUSD
by TradingShot
XRP INSANE NEWS! DUBAI PARTNERSHIP! 🌠 Wow wow, didn't expect to be writing an article like this for XRP, let alone so soon but here we are! This is some pretty sudden news so I'll keep it short and simple and before we start we'll put down a reference chart of what we're looking at right now on the three minute chart for XRP and I'll add some links to the articles, announcement below as well. 🌠 Much like a shooting start XRP has shot straight across the sky or in this case, straight up amongst the breaking news now of it's UAE partnership! In a shocking revelation Ripple through an official announcement has announced plans to work and partner alongside the UAE's DIFC Innovation Hub which is the innovation ecosystem of the Dubai International Financial Centre or DIFC for short. This will allow XRP to accelerate it's blockchain and digital assets innovation in the UAE as the article puts it. 🌠 For those that aren't too familiar, the Dubai International Financial Centre is the leading international financial hub in the Middle East, Africa, and South Asia, this amongst XRP's SEC case in the USA signals an expansion which as I imagine many investors will take a liking too, especially when we look at how hostile the USA, SEC more specifically has been when it comes to crypto and the digital asset space. 🌠 This marks a significant step in the path for XRP becoming a real digital asset that will one day come to affect billions of lives as Ripple continues to make headway and create new partnership's and expand, grow as it continually has since being founded in 2012. This is a huge step for Ripple and will only lead to more adoption and help Ripple establish a stronger foothold in the financial world no doubt pulling a lot more attention and eyes no doubt. I'll leave a link to one or two articles below for reference if anyone would like to read more into the news. 🌠 Wanted to get something out real quick for you guys since it seems the market's just picking up on this news and I thought you guys may like some positive news! Here are the links below as well to the announcement and some additional articles on the subject. Technically wise to keep it simple, I'm not paying too much mind, things are going to be volatile as the market takes the sudden news so we'll keep updated on that for more as usual. Thanks for tuning in as always with me and feel free to leave a like and follow for more updates as always! May you all have a blessed day. ripple.com www.bitcoinsensus.com ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
1
XRP - MAGIC RENKO TRIANGLE📣 Hello everyone! I bring to your attention my long-term trading idea for XRP: 1️⃣ A long reversal is likely to occur or has already occurred in the 0.38 - 0.46$ zone 2️⃣ As soon as we see a bullish breakout of the Renko triangle in my trading idea, the long-term long target automatically becomes in the 20-40$ per coin zone. Growth must be powerful. 3️⃣ You can start searching for a long entry point in the 0.38 - 0.46$ zone, or when, after an extreme correction, we see a green rectangle on the Renko chart (close >0.64$) _______________________________ ❌ Invalidation level - close < 0.24$ - If this happens, we will see a full-bodied bearish close on the Renko chart below the key minimum. In this case, the growth of the asset is postponed indefinitely and this trading idea will be considered invalid! That's all for today, I wish you good luck in making independent trading decisions and profit. Please analyze the information received from me, always think only with your head! Goodbye! ✊
CRYPTO:XRPUSDLong
by AnonymousTraderAcademy
6
Long traders got wiped out TWICELast 2 weeks nearly ALL long traders got wiped out leaving an extra 800% on the table after short traders got paid. We just had a repeat again with a total of 1600% of long traders getting wiped out. The next support line is the $1.91 explosion. To keep the balance in check the long traders will be rewarded next. DO NOT OVER LEVERAGE and STOP BEING GREEDY. Be smart and trade responsible. Our next leg should be to retest that $1.91 and then the ATH, after that we head into new territory. Good luck traders
BITSTAMP:XRPUSDLong
by WolfProfits
2
XRP Will break out before 2024 is over Since the All time high at 3.14 dollars back in 2017 XRP have been creating a 7 years symmetrical triangle. This is the longest symmetrical triangle i have seen, and XRP have been held down by SEC for 3 years. The lawsuit is now over, and when xrp breaks out, people are going to go crazy. There are two things that will make people sell: 1. Big red candles 2. Long time with no bullish price action When XRP moves, its going to move fast and high, its been held down for too long now. MY TARGETS IS ALWAYS BASED ON FIBONACCI, keep it simple and take your profits. XRP will surpass 10$ (more than 20x from here)
BITSTAMP:XRPUSDLong
by sivertbb
2
XRP target is still 0.32 not 400$ lolRetesting of a broken weekly triangle with a strong rejection candle and long wick (technically we still need to wait for 3 candles to close below or breakdown of 0.53 support for confirmation) I see no reason for going higher than this because most of this move happened on low volume weekend and some nonsense news like the anniversary of last year's pump! Without any extra demands in this area by retail traders sooner or later we will see retest of support from 3 years ago only then I expect greed and accumulation start again (which means more time for Ripple to dump its holdings)
BINANCE:XRPUSDShort
by uchar1
4
XRP - A misdirection to Bitcoin's final magic act? Possible scenarios: 1. BTC breaks through ATH and it's dominance grows continuing to suck money out of other assets, followed by marginal lackluster ALT rallies 2. BTC gets rejected at ATH and uses XRP rallies to muster up wounded dog pumps 3. BTC and XRP decouple and XRP rallies on its own Two out of these three scenarios has the targets in the chart above! Peace! Disclaimer: These are not trading signals. Trade at your own risk!
KRAKEN:XRPUSDLong
by TulpenFieber
7
XRP Fresh View (Based On The Daily Chart Only — 3.3 Min. Read)So this is the one... I looked at the chart first and immediately wanted to project my own thinking into it; like I couldn't read it but instead would start thinking what "ought to happen" based on pre-conceived ideas. I know you guys like these analyzes so I closed it and promised to revisit again. I am back and we will focus on the daily timeframe. Later on we will look at the long-term timeframe. ➖ We will ignore all the trade-ideas of the past and develop a new market perspective. ➖ We will look at XRPUSD in isolation, what is the chart saying? We have a clear bounce after a lower low. A natural market reaction. This bounce leads to a lower high and now we have high bearish volume. 👉 Short-term it is looking bearish, it is that simple. For this chart setup to become invalid a move and close daily above the 31-July high (0.658) would be necessary. Any trading below this level and the bearish bias is active. This is only short-term. I don't think we have to worry much about the bears... It is all coming to an end. We are in August now of the year 2024 and only a few months left for selling. After the final selling frenzy we will have sustained, long-term growth; and this is what we've been waiting for... Thanks a lot for your support. Namaste.
BITSTAMP:XRPUSD
by AlanSantana
10