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Rippleanalysis

XRP (Ripple) Coin Analysis 19/03/2021Fundamentals: To begin with, it’s important to understand the difference between XRP, Ripple and RippleNet. XRP is the currency that runs on a digital payment platform called RippleNet, which is on top of a distributed ledger database called XRP Ledger. While RippleNet is run by a company called Ripple, the XRP Ledger is open-source and is not based on blockchain, but rather the previously mentioned distributed ledger database. The RippleNet payment platform is a real-time gross settlement (RTGS) system that aims to enable instant monetary transactions globally. While XRP is the cryptocurrency native to the XRP Ledger, you can actually use any currency to transact on the platform. While the idea behind the Ripple payment platform was first voiced in 2004 by Ryan Fugger, it wasn’t until Jed McCaleb and Chris Larson took over the project in 2012 that Ripple began to be built (at the time, it was also called OpenCoin). XRP was created by Ripple to be a speedy, less costly and more scalable alternative to both other digital assets and existing monetary payment platforms like SWIFT. RippleNet’s ledger is maintained by the global XRP Community, with Ripple the company as an active member. The XRP Ledger processes transactions roughly every 3-5 seconds, or whenever independent validator nodes come to a consensus on both the order and validity of XRP transactions — as opposed to proof-of-work mining like Bitcoin (BTC). Anyone can be a Ripple validator, and the list is currently made up of Ripple along with universities, financial institutions and others. The live XRP price today is $0.473799 USD with a 24-hour trading volume of $2,833,524,754 USD. XRP is down 1.35% in the last 24 hours. The current CoinMarketCap ranking is #7, with a live market cap of $21,512,378,294 USD. It has a circulating supply of 45,404,028,640 XRP coins and a max. supply of 100,000,000,000 XRP coins. The top exchanges for trading in XRP are currently Binance, Huobi Global, Bybit, OKEx, and BitZ. You can find others listed on our crypto exchanges page. Technical Analysis: there are total of 3 Targets Defined by Fibonacci Projection 3 TP is very dependent on the Process of the 2TP achievement. (Triger followed some retracement)
Long
by BitonGroup
10
XRP, Ripple - two entry points for longThis is an idea specifically for those who have not yet made money on Ripple. Now not a good position for entering. In case, if the price will make squeezing, break the key level, and retest - it will be a nice entry point. Don't exclude the option of falling in price to $ 1.1. If it happens, will try to trade. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
Long
by Yuriy_Bishko
17
XRP / USD started the initial move ! x4 Potential — XRP UPHello! XRP finally starts the movement. Depending on XRPBTC we might see different targets. I am looking at 3 ranges on both charts for xrpusd and xrpbtc. Mid range on xrpbtc will shoot the price for xrpusd up to 2.5-3.0-3.5 $ which is about x2 from current price. For top range we can expect price to hit zone of 5.0-5.5-6.0 $ or higher. Please make sure you following your personal risk management and trade with stop loss.
BITSTAMP:XRPUSDLong
by ArtemFuturesTrading
8
XRPUSD a monthly perspectiveThis is just a fun look at the chart on a monthly time frame. I would imagine that this chart could be quite inaccurate based on the time frame and the volatility of the asset, however, its just interesting to see that activity started to ramp up 8 months before XRP really took off. At the moment we are around 4.5 months in. Please note that cryptocurrencies are speculative assets which carry a very high degree of risk and any speculation in such assets can result in a complete loss of capital. This idea is shared for educational purposes only and should not result in speculative decisions in any digital asset.
POLONIEX:XRPUSD
by JesseMorgans
2
Ripple: The beginning of the uptrend with targets of $ 13 Please be noted that the target of $ 13 is a long-term price movement In the daily chart, Corrective Wave of 2 has been completed in the range of 0.1700, and the price is forming the first uptrend in Wave 3. ( Daily Chart ) In the 240- minute chart, after monitoring the details, the first ascending wave has been completed in the range of 0.3721 and the retracement has been completed in the range of 0.2608 with a truncated C wave, and is currently completing wave 3. Notes: First: The first confirmation to change the price trend is the range of 0.3835, which is probably happens in this uptrend. Second: To get the confirmation for changes to the main trend, the price must cross the range of 0.6813, which is the end of wave B. In this case, hopefully, we can expect $ 13 target price. Third: If the price crosses the range of 0.2608, the downtrend can be extended up to the range of 0.15. This range is equal to 1,618 Fibonacci ratios of the Wave A from point 2, which is an important price range.
BITSTAMP:XRPUSD
by NirmataFX
1
XRP-4h. Negative news did not kill Ripple.Ripple is alive . A small consolidation in which sellers were completely exhausted gave the XRP market a chance for new heights. The main achievement of XRP is the return of the $0.24-0.26 range . However, no less important fact is that buyers do not allow sellers to organize a deep correction. For example, a similar negative situation occurred in the XMR market , when there was news about the delisting of a coin on one of the exchanges. However, XRP buyers coped much better with the negative and bravely kept the price from collapsing in the range of $0.14-0.16. In addition, the price of XRP returned to the limits of the growth channel. Therefore, our main scenario is a test range of $0.44-0.46. According to the nature of growth in the next idea, we will write whether a correction is planned before updating the high with a target of $0.6. We will consider the alternative scenario only after punching $ 0.24-0.26 by buyers. _______________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
Long
by P_S_trade
6
Ripple- New leg down?We all know that Ripple fell about 80% and the reasons for this, so I will not get into details... From the technical point of view, after this spiral down, XRP found some support around 0.16 and a correction has started. Looking at H1 chart we can see that this correction staled at 0.25 zone and we can clearly see a strong resistance here. The rise from 0.16 is in a flag and I expect a new leg down from this cryptocurrency. Confirmation for sellers comes with the price under 0.22 and 0.15 could be the target. Rallies towards 0.25 should be sold and, on the other hand, a break above this resistance would signal a deeper correction and expose 0.30 zone.
BITSTAMP:XRPUSDShort
by Mihai_Iacob
2