XRP is exhibiting fractal symptoms.XRP looks to be setting up for a rerun of it's previous breakout pattern. If this pattern plays out similarly to the previous breakout that ran to around $1.89 then we could assume this move could easily take us to the same level or even greater.
If the breakout pattern is fulfilled I expect $2.25 -$3.50 in the coming months.
Ripple
📉 XRP AFTERNOON TA 📉 ⚡ Hi, hope you guys are doing alright today, and thanks for joining as always ladies and gentlemen. This won't take too long, mainly just a follow up from yesterday's idea.
⚡ Honestly not too much here to see, it's good to see that XRP's pulling back up as I type this but we'll keep things simple as possible. XRP continued it's descent after failing to regain the 200 EMA yesterday sending us down. HOWEVER we avoided falling below the local line of resistance which became support once above it.
⚡ I've simply extended that line today and if you check out yesterday's idea you'll find what we originally marked and can add that to your own charts as you please. Anyway it's good that we've managed to avoid falling below the line else we'd likely fall even further than what we currently have today. So look at that line as a support for now and a resistance should we fall below it.
⚡ Next resistance now is gonna be that consolidated channel being that we fell out of it and will have to face the sell pressure whilst trying to break back in and above into the channel before we can look for our next avenue.
⚡ If we can regain that consolidated channel we'll likely get a good chance to regain that 200 EMA and if we're lucky enough we can use that as a catalyst to potentially break out past a couple levels we've got above which you guys are already aware of.
⚡ If we do fall further look to my 0.50 level of support. There's a reason that line is blue unlike the others after all, it's the make it or break it point. Fall below and we get a likely sell-off. Keep above and we should just alright.
⚡ I have to attend to some things but hope that was alright, just wanted to get a quick idea out for you guys real quick. Thanks for tuning in and feel free to leave a like or follow, even a share. And if you don't feel like doing any of those things, that's alright too, just have a great day and keep well.
~ Rock '
HelenP. I Ripple can bounce from trend line and start to declineHi folks today I'm prepared for you Ripple analytics. Recently price traded inside the 0.6370 - 0.6210 resistance zone, which coincides with the 0.6210 resistance level. Later Ripple broke the 0.6210 level and made a strong impulse down to the trend line, thereby breaking the 0.5080 support level too. But at once price rebounded higher of support level, which coincided with the support zone, and started to trade near the 0.5080 level. A few time later price declined to the support level, which there time coincided with the trend line and rebounded. But some time ago Ripple broke the trend line and at the moment it trades below this line. For this reason, I think that the price can rise to the trend line and then start to fall to the support level. After the price reaches this level, Ripple can break it, make a retest, and then continue to decline. Therefore I set my target at 0.4700. If you like my analytics you may support me with your like/comment ❤️
XRP - Unveiling the Objective: Demystifying the 11 Cents Target.In this video, I revisit the entire pattern to provide a refreshed perspective on its current progression. I've discovered an effective approach to convey my viewpoint by employing a scaled-down rendition of the overarching wave we are presently experiencing.
Every wave adheres to a specific set of regulations and principles that serve as valuable tools for anticipating upcoming movements.
The minor wave mirrors the characteristics of the larger wave, reinforcing my inclination to formulate such hypotheses.
I am of the opinion that the target of 11 cents aligns with these fundamental principles. The content of this video has been deliberately presented in a clear and uncomplicated manner to articulate this concept.
XRP - Strong Rejection Zone 💪Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis, attached on the chart, we were looking for buy setups around the lower blue trendline.
After rejecting the upper bound of the wedge pattern, X RP is now back around the lower bound / blue trendline again.
Moreover, the zone 0.5 is a strong support and round number.
🏹 So the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green support and lower blue trendline.
As per my trading style:
As XRP is sitting around the rejection zone, I will be looking for bearish reversal setups (like a double bottom pattern, trendline break , and so on...)
For example, as a simple market structure approach, to confirm bullish control we need a break above the last minor high highlighted in orange.
📚 Always remember to follow your trading plan regarding entry, risk management, and trade management.
Good luck!
And always remember: All strategies are good if managed properly!
~Rich
RIPPLE - Price can decline to support level and try to break itHi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊
After price bounced from $0.6140 resistance level, which coincided with resistance area, it rose to $0.6600 point and entered to falling channel.
In channel, Ripple declined back to $0.6140 level and broke it, made retest, and later fell below.
Next, price made downward impulse below $0.5040 support level, which coincided with support area, but at once rose back.
Also, Ripple started to trade inside triangle, where it reached resistance line, but recently exited from it.
Now price trades below resistance line and I think that Ripple can bounce down to support level and try to break it.
After breakout price can make retest and then continue to fall to $0.4450
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Stellar Lumens - A Hidden OpportunityStellar Lumens - A Hidden Opportunity
I cover the chart first and then some positive fundamental's and tokenomics.
The LSE:XLM Chart
I located and plotted trigger points, boundaries and of course a time structure.
There is a clear bull/bear time pattern. Open the chart and see the months and see how they move in similar increments both by month and by number for Bull and Decline periods.
Three positive price action triggers are marked on the chart and are confirmed by the following:
1. Break above 10 Month SMA, combined with
2. Confirmed MACD Cross, combined with
3. Both occurring in the bull pattern time window
All three have just occurred as of July 2023. IN ADDITION
4. This time we have broken above the POC, and
5. We have broken out of the OBV resistance line.
All of the above is extremely bullish for Stellar Lumens XLM for the long term.
The risk/return is ideal as a price just under the bottom of the ascending triangle can act as a stop loss for you and the upper end can act as a first main point to take profit.
Undesirables:
- If we close a weekly candle outside of ascending Triangle, Exit trade.
- If we fall below the POC or 10MSMA, reduce position size or hold off until this happens and increase position size.
This chart is another fine example of how timeframes can help us structure a trade. Please note that this is a long term 12 - 18 month trade minimum. You could be exiting at any stage over those months depending on the trigger events mentioned above, ideally closing the majority of the position at the first trigger point 0.60c (lock in your stake and some profit). Furthermore, you have to be able to withstand the volatility within the ascending triangle without capitulating your position. There is currently some room to the downside but a lot more to the upside, you need to be prepared for both.
Positive XLM fundamentals:
Stellar is already being onboarded as a potentially compliant global payments system:
Stellar (XLM) like Ripple Labs (XRP) is intending to be a layer 2 international global payments remittances provider and enabler, albeit while Ripple Labs is targeting big business and institutional networks/transactions, Stellar has an incredibly varied pipeline from on/off ramps, asset tokenisation, moneygram conversion and access, and much more. Stellar appears to be targeting the developer, the retailer, the consumer, the international payments community in their transfers/remittances, and the unbanked. The Stellar Blockchain is a decentralized consensus protocol making it very quick and very efficient with a distributed ledger updating globally every 2 to 5 seconds.
ISO 20022 is an International Organization for Standardization (ISO) standard for exchanging electronic messages on payments data between financial institutions. They set the international payment standards through the likes of the SWIFT system and for the likes of CITI Bank, HSBC, J.P Morgan and Deutsch Bank.
Currently cryptocurrency’s that are ISO Compliant or in the process of becoming compliant include Ripple CRYPTOCAP:XRP , Xinfin Network TSX:XCD , Algorand EURONEXT:ALGO , IOTA and Stellar Lumens $XLM.
Why is this so important? Well because ISO compliant payment networks will be the most likely to be called upon for the distribution or enablement of Central Bank Digital Currencies (CBDC’s) and other secondary payment protocols.
Private Partnership from the likes Ripple & Stellar will likely be called upon to develop, enable and distribute a new CBDC:
We are aware that most governments are in the process of developing CBDC’s and cannot complete this task without private partnerships.
For example as early as 2019 the Official Monetary and Financial Institutions Forum (OMFIF) outlined the following observations:
“Practically, the operation of a CBDC is likely to rely on some sort of public-private partnership. Central banks could outsource the distribution of the CBDC to private financial institutions, which could also be involved in the onboarding of users”
“most central bank respondents suggested they would outsource many of the public facing tasks involved in CBDC management to third parties.”
“Some central banks noted that certain functions – such as ‘onboarding and overlay services’, or the actual distribution of the currency itself – could be ‘outsourced’ to private sector participants.”
“Among respondents, 64% said ‘intermediation’ functions, such as customer onboarding, which could be ‘outsourced’ to private sector participants, would be important in CBDC implementation”
In more recent news the Bank for International Settlements (BIS) AKA the Bank for Central Banks published a report based on surveys and data collection called “Making Headway”, they advised that:
o 86 central banks took part in the survey (including the largest)
o 15 CBDC’s would be up and operational by the end of the decade 👀
o Confirmed that Central Banks can hold up to 2% of their balance sheet in cryptocurrencies from the January 2025.
Considering the BIS is usually very anti crypto this news is significant.
Positive Tokenomics Vs competitor XRP:
XLM is currently 21st largest cryptocurrency in the world with a market cap of €3.4 billion.
XRP by comparison has a market cap of $27.8 billion and is ranked 5th, thus XRP would have a harder time of it in terms of multiplying its larger market cap and price.
In November 2019, the overall XLM supply was reduced. Now there are about 50 billion lumens, total, in existence, and no more lumens will be created.
So XLM has a max token supply of 50 billion whilst XRP has a max supply of 100 billion making it a more price dilutable token than XLM. At present XLM have released 51% of their 50 billion max token supply to the market whilst XRP have released 50% of their 100 billion tokens - 52.9 billion tokens (equating to number greater than the full supply available in XLM). XLM’s price will be greater impacted by demand than XRP due to the lower max token supply, smaller market cap and the fact no more new Lumens can be created, it is a fixed supply.
The more participants that join the network and use the network the less Stellar Lumens are available thus creating a demand. From Jan 2020 to present Stellar Lumen accounts have increased from about 4.2 million to 6.7 million. In the same period total transactions increased from <250,000 to almost 1 million.
All in this 12 – 18 month trade comes with a lot of positive upside and limited downside. XLM has a reasonable fundamental narrative backing it that could make it central to future payment networks and the XLM tokenomics provide a lot more upside potential than those of its close competitor Ripple (XRP). I am a fan of both offerings however it seems reasonable to have an XLM position if you have an XRP one. Maybe we can be the X-Army and support one another…. Maybe “X” will use both for its payment platform. One can dream. Please have a look at my XPR chart which is similar to the this XLM one, you may find that beneficial too.
Hope all of the above helps frame XLM in your minds eye and also provides you with a structure for an XLM trade.
PUKA
XLM\XRP - I Told You This Was A Fake Out... Who Listened?Back once again to highlight some key points about what most herders have been thinking over the last couple of months. Nothing new, just some hard facts about how ridiculous these sheep like creatures appear to me when they speak nonsense garbage.
A lot of these people that doubted my predictions are just useless nobodies that never invested 2 seconds of their time to learn anything about how markets operate.
I spent over 8 years creating the AriasWave methodology and have become an expert at reading these waves as a result. I no longer need to bother wasting my time preaching my views to people. I do however like to go against these fools every now and then to rub salt in their wounds.
Most importantly there are still some good followers out there that still appreciate my work and those people are these reason why I decide to come back and post. So if you are one of those people and want me to start producing more content then start showing your support by doing the needful.
We all use social media these days, so you know what to do.
Currently there is not enough of a clear pattern for me to label the start of the third-of-a-third wave down but it's coming, so perhaps stay tuned and I may post something sooner rather then later.
TRADE ALERT - LONG XRPTraders,
We have waited patiently for this moment. Crypto, quite honestly, has just been annoying lately. But finally, XRP has touched my support and target down for re-entry at 58 cents. My buy order was triggered at .585 to be exact and I plan to hold this to at least the .995 target and potentially $1.17.
Take a look at the RSI. Notice the RED TL. You could have traded XRP on this indicator alone and made massive profits. And for the most part, my followers and I have entered at those touch locations with a few exceptions.
Anyway, today is your lucky day. Why? Because we are just about to hit that RED TL on the RSI once again. I'm a bit early in my entry just b/c I has my buy set at .585 and it was triggered. But ideally, I would have hoped the touch of the red TL would coincide with a price of .58 cents. I think over the next day or two you all will see that happen. AND. You just might be able to enter at a better price than I have.
Best of luck to you all!
Stew
🔥 XRP DAILY TA 8.21.23🔥🔥 Hi! Thanks for joining ladies and gentlemen, I've gotta rush to work so this idea's gonna be quick yet efficient. So thanks for joining me as always.
🔥 XRP has reversed since hitting that peak at 0.55 yesterday which is understandable after such a big move. We held a bit at 0.53 as we'd hoped but couldn't really find any support there and continued down further. I've added this diagonal black like on the 15 minute chart which is basically the same as our MAIN resistance lines. Only this one is for the local chart/ timeframe.
🔥 Feel free to add that to your charts. The goal is to break above the diagonal resistance. We do that and we can possibly get another breakout and regain that 200 EMA. Until we break the line it'll keep acting as a downward force pushing us down much like our MAIN resistance has continued to do.
🔥 Can see how we did manage to avoid falling further below 0.51 before pulling up to that 0.514 horizontal level and pulling up and out of the local horizontal consolidation channel. With us being at this point between the consolidation channel and the diagonal resistance on the local for both that could help act as a sort of push for us to break out from the descent. But if we can't break past that diagonal then we'll likely get pulled back into the consolidation and another battle starts there.
🔥 Really have to go now but I at least wanted to get something out there quick for you guys today. Hope that helps a bit and have a great day as always, feel free to leave any likes or follows, thank you.
~ Rock '
Long Grayscale Crypto Altcoin Products GXLM Stellar Lumens ZcashXLM Price Live Data
The live Stellar price today is $0.107277 USD with a 24-hour trading volume of $104,424,569 USD. We update our XLM to USD price in real-time. Stellar is down 3.56% in the last 24 hours. The current CoinMarketCap ranking is #28, with a live market cap of $2,709,539,393 USD. It has a circulating supply of 25,257,395,966 XLM coins and a max. supply of 50,001,806,812 XLM coins.
The Zcash trust is the other top opportunity. Both Stellar and Zcash have good setup to provide near 100% moves in a fast manner