Cloudy weather with some sun lies ahead for the overall global crypto market in the next 24 hours. This translates into a slightly bearish market with downside risk. However, Ether trades in sunnier conditions, indicating potential upside. ☀️
Over a one-week horizon, the forecast is mixed with sunny trading conditions ☀️ for both major cryptocurrencies – Bitcoin...
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Ripple (XRP)
Ripple is moving in a slow upside price action with multiple supports driving price up.
We will update this post!
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XRP, the cryptocurrency issued by Ripple had the biggest move in July, by more than +42% increase. Following the court decision in favor of Ripple in the lawsuit against the SEC the cryptocurrency saw immense boost in its price pushing it past $0,80. This is the first industry win against the SEC, and sets the precedent for other crypto assets, tokens and...
This is an updated chart, visualizing the XRP Marketcap in a bigger picture.
It's a great way too remind yourself that we are in a bullish market, even though this year
hasn't been too exciting (so far).
From a technical perspective, the XRP marketcap is moving in a big symmetrical triangle/bull flag after the surge in price in 2017.
There seems to be more...
Open interest in XRP futures contracts crossed the $1.1 billion mark in the past 24 hours, surpassing the $1 billion hit last week and marking a new high for the year. Open interest, or the number of futures contracts that haven't been settled, has risen 21% since Tuesday. The majority of these positions, worth $443 million, are held by cryptocurrency exchange...
The top chart shows XRP market cap whereas the bottom chart shows XRP/USDT.
According to the trend analysis of XRP market cap, its highly likely that the peak will be somewhere around $1.3 TRILLION if flippening happens (overtaking BTC as the biggest crypto by market cap at the peak of the cycle).
Last flippening happened during 1st Jan 2018 when XRP became Rank...
Since it's summer and the BBQS are out, it got me reminiscing about old times.
I used to tell people I was a trader, before I was even profitable.
Do I recommend this?
Nah not really no.
(1) It puts tremendous pressure on yourself to do what you say.
That pressure makes you rush, push and bully your risk into a brawl of epic proportions.
(2) Most people...
With the Federal Reserve potentially reaching it's peak in their rate tighening cycle, the USD is no longer as attrative and investors are now looking to flock towards riskier/higher yielding assets. This could bring some flows into the crypto market and have XRP reach some new yearly highs... #XRP
I use this chart to remind myself of where we are and where we are heading. Zooming out (almost) always feels fantastic!
With the upcoming ISO 20022 adaption through Swift as well as a possible settlement/decision for the Ripple vs. SEC case,
we might see a very strong pump throughout 2023.
Let's see!
Hello traders,
Today, we're going to take a look at XRP's market cap, which currently stands at 22.7119b.
Resistance for XRP currently stands at 23.092b, which could present a significant hurdle for the cryptocurrency to overcome. However, the 20-day moving average (MA) is currently sitting at 22.187b, which could provide some support.
The 200-day MA for XRP is...
Thinking crab to cup and handle then Morningstar, thus another chart👌
Then crab again possibly setup another chart on 2 hour or 1 hour in 2 weeks time
Hoping to reach 3.00 or 10.00 in 2 years possibly 6 to 12 months if obtained.
30 minute charts for xrp; target end date is wednesday at 5pm est; toronto.
support and resistance with some exits
manual harmonics as well.
target of 27 billion bearish exit
hi, those who see this, hopefully this is a secret and no matter how hard is that time is , follow this map strictly, if you made it, dont forget to smile and give some to the poor, and i see you when i see you. goodbye.
The future of XRP and its holders is uncertain and subject to a number of risks and challenges. Some of the reasons why some people believe that XRP holders may be in a difficult situation include:
Legal action: The SEC has alleged that XRP is a security and not a currency, and has taken legal action against Ripple, the company behind XRP. The outcome of this...
