There are rumors that ripple is going to settle with the SEC.
Technically speaking we are witnessing falling wedge and symmetrical triangle unfold, especially the symmetrical triangle which has been forming for a long while now.
The bigger a pattern is the better, at least that's usually the case.
###NOT FINANCIAL ADVICE###
It's time to look again at good old XRP, the historically most brutal coin to hold, and it again does confirm its reputation.
The price action of XRP has been really subpar compared to some other coins, that have already seen strong rises, in accordance to the rise of BTC to new all-time highs.
This is of course largely due to the SEC vs Ripple case, and the...
2023 will be interesting.
Previous published Idea followed the breakout of the long term trend.
Now broken through, i attempt to pinpoint targets.
Long term trade, spot buying, target in the chart.
Updates every few months.
May need some more time. However once horizontal line breaks, moon is certain. XRP and Dogecoin are comparable in supply, except half of XRP supply is locked, and at least 20-30% of the total supply has been accumulated, meaning float for XRP is in the 30-32 billion range. The case for a big pump can be made b/c of the way supply is distributed. Also if you think...
Inverted H&S present on chart
We are yet to experience the right shoulder arm which is a bullish period for price
This bullish assumption is support by a trend line in white, however price is still within a down channel
I expect XRP to perform well into the next year
BINANCE:XRPBTC broke above falling wedge from 2018 highs, backtested, confirmed, and is grinding up. I don't know what that means for the XRPUSD price in this macroeconomic climate, however, XRP is clearly doing something. Targeting 3900-4000 sats, but who knows? I'm sure whatever narrative is going to follow this will be quite incredible, 4000 sats may be only...
The intraday chart of XRPBTC is stuck in the range between 0.000022 BTC and 0.0000234 BTC.
There is no momentum to move up, however it keeps rejecting 0.0000225 BTC intraday support.
XRPUSD is mirroring the price action of XRPBTC and sitting on $0.38 level since yesterday.
0.0000234-0.0000248 BTC is the area where we can see some slingshots later today towards...
XRPBTC and XRPUSD moved bullish yesterday and printed green candles in the daily charts.
XRPBTC is teasing 0.0000229 BTC.
We need a strong bullish closing in the daily chart above this level, for XRP to gain some strength to move up.
XRPBTC continues to test 0.0000229 BTC and today’s daily candle has some bullish pressure in it.
A failure to break 0.0000229 BTC...
Ripple army are back?
lets do some fundamental and chart analysis
XRP has made considerable gains over the past month as traders continue to shower confidence on Ripple’s potential legal win against the United States Securities and Exchange Commission
for instance, the xrp price gained 25% thirty days after Ripple and the SEC filed for an immediate ruling on...
Applying the Gann Fan from the extreme low and the extreme high, and analyzing the intersections, we can begin to see (clearly) where the market has been, and maybe, where it's going!!
Keep in mind, the $1.48 & the $2.85 are a couple of targets that I'll be keeping an eye once price begins to climb out of this long winded rut!
For now, the price is UP and if it...
We have a Diamond pattern forming at these lows here on the Monthly XRP Chart. Diamonds are inherently Neutral Patterns but given the fact that XRP is currently sitting closer to Horizontal Support than it is from Resistance; I'd say the edge is leaning somewhat more towards the Bullish Scenario Here.
I'll be Posting a Macro Chart for the XRPUSDT Pair soon the...