XRP - MOMENT OF TRUTH IS HERE - CryptoManiac101XRP / USD TA
Moment of truth has come for XRP, at least in short term. It's holding bye a thread here, and there's only one thing that can save it... SEC lawsuit dismissal which seems to be closer than ever and what would be the odds of it going away in Q1?
Enjoy the show!
SEC
XRP Range SupportI pulled a fib from the original ATH and the last pump to $2. We bounced off the .786 for the ATH. Last dump time we breached this box we bounce off the $2 purple .786. If we break .70c I bet we go to .50
I have attached my BTC chart where I think it is going to 33K. I want to believe like everyone Alt season will save XRP, but until the case if over I doubt we see that, unfortunately. XRP Volume on the larger timeframes isn't existent. I don't see that changing until a settlement. Hopefully March like some say. That could align with a BTC ETF approval. Until then hodl and accumulate.
XRP last chanceXRP is doing a very nice Elliot wave count for a potential exponential rise, in JANUARY it will see something with the SEC which is with which it has a demand and has a high probability of rising and exceeding all-time highs of about 3- 4 years that do not come, it can be a great opportunity, if you want a crypto that still explodes, I present to you XRP.
No investment recommendations
Wedge Forming XRPUSDTThis is typically a bullish sign for assets demonstrating this pattern so we see the weekly diverging to a point which would indicate a breakout!
There are larger fundamental plays here with the SEC that could invalidate this massively but for now we are on the same time frame as institutions and seeing a clear pattern so the real question is which was will it breakout?
XRP Post SEC Price Target - Top 3 CoinPost SEC v. Ripple: Rapid move from bottom of channel to top due to full year of price suppression
Resolved Dates& PT's:
- By end of year: $6.32 (670% from $0.82)
- By April 1, 2022: $6.50 (690% from $0.82)
$6.50 XRP PT = mCap of $307 Billion with current circulating supply, placing Ripple's XRP token firmly in spot # 3 on CMC.
XRPUSD | READY TO FLY?Analysis –
XRPUSD | BULLISH | 1W
This chart incorporates market structure as the focal point from meticulous study of behavioural analysis.
On the 10th November 2021 price failed to break a key area of reactivity at $1.35XXX, a downtrend was formed with candlestick volume unquestionably bearish on all timeframes; but what we’re currently experiencing in terms of price action tells an interesting story.
Firstly, we may observe an increased magnitude of buyers in the next few days as price has currently retested & wick-rejected the previous market structural HL, which is an early indication of a retracement and a decisive move up could only opinion a change in market sentiment for investors. It is fair to say the bulls are fighting back for control whereas the closure / confirmation of the weekly candlestick has already closed above the support; mitigating liquidity (bullish order flow) where we can expect a momentum shift with an impulse higher. Similarly, the entire formation of price has created a ‘double bottom’ which in essence, is a bullish chart pattern to induce more buyers into the market. Mr Leonardo’s Fibonacci numbers also play a key role where we may see price sky rocket to our trend-based Fibonacci retracement level of 23.6%, acting as an intermediary for price to react—creating a fresh HH; offering an approximate 75% increase to price providing we break our previous resistance, then exhibiting a potential retest of the previous LH as a correctional move, trapping further liquidity to then explode higher where we can then officially confirm an uptrend ~ after a brother-sister formation of a HH & HL, where price will increase exponentially thereafter. Moreover, once price has gained traction, we will then observe indecisiveness, consolidation and “fakeouts”, where the market will mislead early investors, a psychological play of directional bias through the shadows of candlestick anatomy (especially on the LTF’s), within the 23.6% - 38.2% and then then 61.8% - 78.6% Fibonacci levels until price tests the next zone up at a price of $2.43XXX; which was also a key resistance turned support after the bull run in 2018, totalling a move 165% up from today’s price. Following this analysis, I also think XRP will also reach $3.57XXX following the fractals of early 2021 which I've linked in this post—flying to a potential 290% growth.
(It’s also worth mentioning that if price closes below $0.92 on the monthly chart this analysis will be invalidated and the next target will be $0.56XX testing the previous HL).
—
What about the SEC?
Everyone‘s talking about how there is a lawsuit now - which is why XRP hasn’t rocketed higher ~ without going into detail.
What you’re forgetting to remember is that even with the ongoing lawsuit since the start of 2021,
The price of XRP increased by approximately 725%; do you also know that XRP has outperformed Bitcoins growth of approximately 130% this year?
(That’s more than a 5x growth factor).
The message from this is that the price of Ripple’s native token hasn’t given a fuxk about the SEC in terms of percentage growth but until this lawsuit is over, I wouldn’t expect XRP to reach an ATH just yet.
Let’s be realistic.
Thank you for your time,
Any questions are welcome.
L’art Di Vivre.
RIPPLE (XRP/USD) IS READY TO BLAST OFF! Fractal PatternHey everyone!
Hope you are all doing well. The market hey! Unbelievable. Stay sceptical - the FED meeting is this week which can mean trouble for asset prices. Even though Bitcoin inversely correlates with the SPX usually (< trust in government, > trust in DeFi), if we do see a market crash, we will inevitably see a crash in crypto. We do need a financial reset and 2022 is the year for it.
Anyway, Ripple... What a rollercoaster they have been on in the last few years with the SEC. The SEC have been recently granted a two month extension to Jan 14th 2022 for the expert discovery deadline. We might not see *crazy* support in the coin until the case is finalised, which is not expected until May/March 2022.
I have observed a Fractal pattern of our current setup very similar to that of 2020/2021 bull run which was cut short by the SEC. If we get a break and retest of the pennant formation, we should see a clear breakout ranging between 200-500%. I am confident of this given the time it has been accumulating whilst other useless crypto's make ridiculous gains (lol SHIB).
Ripple Labs also has the upper hand in the court case, with Brian Armstrong (Coinbase CEO) tweeting: 'The Ripple case seems to be going better than expected. Meanwhile, the SEC is realizing that attacking crypto is politically unpopular (because it harms consumers).' Which is TRUE.
Please be cautious, these are suspicious times.
Love, peace, Seb.
Ripple CEO says the SEC helped Ethereum to overtake XRP as No.2 Ripple chief govt Brad Garlinghouse has been airing his thoughts over the kingdom of the crypto market and regulations, and a grudge over the financial regulator’s technique to Ethereum seems to have surfaced.Speaking on the DC Fintech Week virtual convention on Thursday, the Ripple boss declared that Ethereum had been granted a regulatory inexperienced light that enabled it to surpass his company’s XRP tokenThe United States Securities and Exchange Commission (SEC) has been pursuing Ripple over claims that Ripple (XRP) is an unregistered safety. In January, Ripple filed a Freedom of Information Act request with the SEC disturbing to recognise why it didn’t consider ETH to be a security. Six months later in July, a district decide allowed the organisation to depose a former SEC legitimate who declared in 2018 that ETH became not a protection.Garlinghouse absolutely feels that his company has been tough achieved by using and Ethereum’s next achievement is, as a minimum in part, because of greater favorable remedy through the SEC. He stated that it is affecting the marketplace, adding:
Falling Wedge- BullishBig falling wedge on FUTU here along with bullish hidden divergence on the RSI, still a bit wary of the broader sector with all the FUD surrounding sector regarding SEC Chair Gensler's comments, nonetheless will certainly be watching for a breakout from this wedge. Additionally has a small gap on the upside to fill from $77.61 to $81.38- just some support and resistance levels to keep an eye on in the meantime along with some RSI-based supply and demand zones
BTC ETF is near, SEC deciding soon!!Hello everyone, as we all know the market action discounts everything :)
_________________________________Make sure to Like and Follow if you like the idea_________________________________
A bitcoin exchange-traded fund (ETF) based on futures looks increasingly likely to be approved by the U.S Securities and Exchange Commission this month, pushing the market more than 30% higher this month and almost reaching $60k level and with the possibility of the first Bitcoin futures ETFs being launched as early as next week, bullish sentiment is soaring. This marks a major milestone after nearly a decade of fielding crypto ETF applications.
Replaying to the Dollar, BTC has reached $59.8k Which is the highest value for BTC since the mid of May
The regulator isn’t likely to delay the products’ introduction to trading next week, But a decline is possible until the decision is final. These ideas, which are based on futures contracts, offer "substantial investor safeguards" that differ from Bitcoin ETF filings previously rejected by the SEC.
The futures product is likely to be the first one approved since they are viewed more favorably by regulators. Futures are governed by the Chicago Mercantile Exchange (CME) and require investors to put down cash on margin to trade them.
Possible Scenario for the market :
This push will probably lead the price to the $60k level, If that is to happen the Bulls will see this as a confirmation of how much power they hold over the market right now and they will be aiming to hit the resistance level at 61692.00 this week. But never forget that when a market is going under a big decision we might see a wide range of movements that might seems Bullish or Bearish until a decision has been made.
If a Bearish movement happens it will probably reach the support level at 56665.00 and might extend to the 55072.00 level.
Technical indicators show :
1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Strong Bullish signs)
2) The ADX is at 26.31 showing that the market is trending with a positive crossover between DI+ (26.04) and DI- (13.00)
3) The MACD is above the 0 zero line indicating that the market is Bullish with a positive crossover between the MACD line and the Signal line
Daily Support & Resistance points :
support Resistance
1) 56665.0 1) 58258.0
2) 55976.0 2) 59162.0
3) 55072.0 3) 59851.0
Weekly Support & Resistance points :
support Resistance
1) 49286.0 1) 58335.0
2) 43594.0 2) 61692.0
3) 40237.0 3) 67384.0
This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
#HEX consolidation continues #HVF pattern still valid Notice how the selling of this 3rd down draft is at a reduced angle in time.
In amidst the regulatory pressure from Gensler
and his wide net approach of calling everything a security
It is more important to ever to note the unique properties of HEX
No ICO
No Premine
I year launch phase
during which Bitcoin holders were able to claim and mint their own HEX
using a cryptographic signature
completed product from day 1
No roadmap
or team of developers to fund.
Users mint their own coins/rewards/interest
No centralised authority is required.
Coins trade on DEX's
In essence true defi