XRP 1W History of news and trading, ups and downs 2016-2020Here is the XRPUSDT chart with the longest trading history on the tradingview.
While remembering and describing the history of Ripple, a great nostalgia hit the soul. How diverse have been the last 4 years of cryptocurrency trading.
Most started talking about XRP in the spring of 2017, during the first stage of the cryptocurrency hype in 2017. Then BTC was still growing weakly in dollar terms from 1000 to 3000, little attention was paid to it. But altcoins paired with BTC and ISO projects were our all to multiply the deposit.
XRPBTC made x57 for the quarter of 2017 , and if with minimum leverage, then earnings reached eye-watering values.
In a bull market, everyone immediately became a profi-trader, buy and hold, what's the big deal?)
The main news that pushed up or fell the XRP price throughout the trading history, we fixed on the chart.
By the end of 2017 and early 2018, XRP began to actively grow in the pair against the dollar, along with the parabolic growth of bitcoin. Then XRP enthusiasts were confidently waiting for Ripple per $10 . Arguments that this will not happen, only because if you multiply $10 by the Ripple issue, then the expected capitalization of XRP alone should be $1 trillion. It would double the total cryptocurrency market capitalization at its peak two times.
And of course, it didn't happen.
All the hype news that called the XRP price up were not implemented.
In September 2018, PNC Bank successfully completed the pilot phase of testing the xCurrent system and even provided services to several clients with its help. The news was distorted as best they could. They wrote that xCurrent is a smooth transition to the second solution of Ripple - xRapid.
But as you understand or remember, a miracle did not happen... the cost of Ripple was gradually but surely falling.
In March 2020, the value of XRPUSDT fell to $0.105 hitting the mirror Fib level, which was previously by squeeze tested for strength in 2016.
Then XRP grew for 9 months along with the crypto market, the value increased by 700% from the bottom, and the last impulse was fueled by the promised Spark airdrop.
But as we warned in our XRPUSDT idea series: "Don't get fooled." When someone promises a freebie, it means he earns many times more on it.
The increased volume of "easy money" purchases gave a great chance to sell off to large XRP holders who knew for sure that clouds were gathering over Ripple.
Because, literally in 2 weeks, the SEC filed a lawsuit against Ripple , and its value began to fall like a stone to the bottom.
Most of the trading and information crypto platforms have started to refuse support for Ripple.
In the XRPBTC pair, -40% remains to fall to the historical bottom.
If Bitcoin remains +/- at the current price level, then the value of XRPUSD may fall to $0.146 or even to $0.10.
And if this happens, then a global figure of H&S can be formed.
If this happens, and Bitcoin starts a correction or much worse a sharp fall down, then it's scary to even imagine what will happen to the XRP price.
Because the historical liquidity in the XRPUSDT trading pair is seen in the zone $0.025-0.040 and very low in the zone $0.006-0.008.
We hope that such pessimistic forecasts will not come to fulfillment.
And the negative news background around Ripple is created so that the "big guys" can successfully buy XRPUSD at $0.10-0.146.
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Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
Rippleanalysis
XRP-1h. Above $ 0.35, buyers will restore their reputation.Given the recent negative developments in the XRP market , buyers have chosen a different tactic. Unlike most coins, which now show a steady rise in price, XRP is trying to gather strength to test the $0.35 mark. It was from this mark that the price collapse began in February 2020 and it took buyers a long time to break this level.
This mark prevents buyers from reaching the range of $0.44-0.46. Breaking the $0.35 mark can quickly raise the price of XRP by 30% .
This fact will restore investors' faith in XRP.
The critical point of this scenario is $0.27. If sellers manage to get below this mark - the price of XRP can stay at the mark of $0.25 for a long time.
P.S. Buyers managed to keep the global trend line from March 2020. let's see if buyers will be able to realize this chance.
XRP-4h. The target of the sellers has been reached.In 3 days our previous XRP idea completely worked out.
Negative news restored the real price of the coin. The price returned to the range from which it began to grow wildly in November. As you can see, the update of the historical high of BTC allowed XRP buyers to go beyond the falling channel. However, there were not enough forces to continue growing .
Looking at the volume of trades during which the price of XRP fell, we can see that there are interested buyers who are willing to buy in the range of $0.3-0.32 .
Given the positive dynamics of BTC, a short-term growth trend to the range of $0.44-0.46 is quite probable . However, this requires the expulsion of all aggressive sellers from the market and gather strength.
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We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
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Ripple - Will $XRP outperform? (Alternative Count "Wave 5")WAVE 5 in progress! The best time to buy is now!
I'm LONG / BULLISH position. I expect that $XRPUSD will rise up.
This would mean that RIPPLE will gain more value against USD.
What is the right way? Looking for relevant timeframes, with patience and planning, NO DESPERATION.
No one goes into the market thinking they should buy at the high and sell at the low. The problem is that at the moment when faced with the ups and downs of the market, it’s hard to resist the urge to do those things.
Trading is all about spotting emotional excesses either to the downside or the upside. You want to be on the right side of those emotional reactions and not the wrong.
If you want to win in this market, you need to be COLD and CALCULIST.
To the moon is too close, go beyond!!!
Well, keep you updated as this timely issue evolves.
Good luck!
#CRYPTO $XRPUSD #XRPBTC #XRP #RIPPLE #ALTSEASON2020
$BTC $BCH $BNB $XLM $EOS $ETH $ADA $LTC $TRX $XRP $IOTA $LINK $XTZ $BTT $XMR $NEO $BTT $MATIC $XMR $MRK $XEM $ONT $DASH $BAT $ZRX $LSK $NANO $REP
#altcoins #bitcointrading #BuyTheFear #BuyTheDip
#CRYPTO #XRP #XRPUSD #XRPBTC #RIPPLE
Ripple - $XRP - Will $XRP outperform? (Alternative Count)
XRP-3h. The sellers had a chance to test $0.45.XRP made a fantastic price jump in November.
Looking at the trading volumes in December , buyers decided to rest.
The previous local sellers accumulation in the range of $0.62-0.63 resisted the attack of buyers. Now the main question is whether the mark of $0.575 will keep . Rest is important. The main thing is that sellers do not lower the price to $0.45 during this time.
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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!
RIPPLE - Intraday Update - 12/06/20 (Short-term)RIPPLE - Intraday Update - 12/06/20 (Short-term)
Bottom Line: Subdividing higher within wave iii of (iii)
Breaking above $0.7941 is the next upside objective for the bulls.
Outlook: A fifth wave rally is in its early stages.
Note: Prices can vary between exchanges, and consequently there may be differences in our chart prices due to different data sets.
Ripple – The intended Target $ 6 to $ 10To analyze this coin in the 10-days chart, I put the chart in a logarithmic mode. In this chart, it is quite clear that the price has reached the range of $ 3.317 with 5 ascending waves, of which the first 5 ascending waves are over.
( 10 Days Chart )
Given this and by monitoring the existed complex corrective movement, we can predict another 5-uptrend in the 3 / C wave, which according to Fibonacci ratio the targets can be extended to the range of 3.36 to 6.61.
In the daily chart, with the end of 2 / B in the range of 0.1140, the upward trend has started, the first wave of which has ended in the range of 0.2361, the price is currently in the iv wave from point 3. Which is specified in the chart.
Finally, the 240-minute chart
By the end of wave iii from point 3, we had two corrective waves with a structure of 3 waves (iv wave).
Personally, I believe the price still is possibly in the corrective phase and is completing the Triangle pattern.
This scenario will be violated if the price can cross the range of 0.6813 and then in continuation break the range of 0.7900, in this case we can be hopeful of the price increase up to the range of $ 1.20.
(240 Minute Chart )
Overall conclusion:
Saving the Ripple for Long-term is highly recommended, and I personally try to keep this coin in my investment portfolio for future. I think the price target for a one-year period will be $ 8 to $ 10.
XRP 1D. We expect $0.195Our previous XRP idea which was published almost a month ago, worked out pretty well.
The price was confidently trading in the falling channel.
It's time to correct our targets a little.
In the next few weeks, we expect the price to fall to the level $0.195. There we can buy in long with the hope of rebound.
Cancellation of this scenario means the price fixing above the level $0.256 . So far, buyers haven't been able to do it. After the buyers' efforts for 5 days, only false breakouts remained.
If you are trading XRPBTC pair - here are our thoughts:
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Ripple #XRP BULLS - It's done with the drop Part 2i got Stopped out. Not much of a loss. I waited to see if the momentum was going to shift and it seems that it has. So I started a new position. but I'm not giving it much room in case the bears come back in. Trying to hold the 24 level so I evtered just below. See my previous Idea for my understanding that the drop is over. It's fighting. But I'm too much of a bear and the indicators I have say this is the bottom.
I keep hesitating to post this because I'm flirting with being knock out for the past 40 minutes.
Ripple - The world’s most accessible global payments networkNo one goes into the market thinking they should buy at the high and sell at the low. The problem is that at the moment when faced with the ups and downs of the market, it’s hard to resist the urge to do those things.
Trading is all about spotting emotional excesses either to the downside or the upside.
You want to be on the right side of those emotional reactions and not the wrong.
#XRPBTC: I'm SHORT/ BEARISH position up until ( Black BOX ). I expect that $XRPUSD will rip down.
This would mean that RIPPLE will lose more 35% of its current value against BTC before it can recover.
Well, keep you updated as this timely issue evolves.
If you want to win in this market, you need to be COLD and CALCULIST .
#CRYPTO $XRPUSD #XRPBTC #XRP #RIPPLE #ALTSEASON2020
$BTC $BCH $BNB $XLM $EOS $ETH $ADA $LTC $TRX $XRP $IOTA $LINK $XTZ $BTT $XMR $NEO $BTT $MATIC $XMR $MRK $XEM $ONT $DASH $BAT $ZRX $LSK $NANO $REP
#altcoins #bitcointrading #BuyTheFear #BuyTheDip
RIPPLE BUY SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
XRP/USD: Day-Swingtrade-Exexcution
Market-Buy-Order: 0,2760
Stop-Loss: 0,2580
Target 1: 0,2910
Target 2: 0,3040
Target 3: 0,3200
Risk: 0,5 % - 1%
Risk-Reward: 2,34
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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XRP HODL WE GOING TO THE MOON! XRP STANDARD)TECHNICAL ANALYSIS- FUNDAMENTAL ANALYSIS- NEWS- SIGNAL- FIB LEVELS- PRICE ACTION
*XpringKit provides a Swift based SDK for interacting with Xpring Platform (XRP/ILP)
Standing on the doorstep of a new year and a new decade, it is hard to believe that the first real public engagement with digital assets began only a few short years ago in 2017. Over that year and into the next, speculators and media coverage drove wild fluctuations in interest and price—contributing to a series of both spectacular rises and precipitous falls in each.
But that digital asset roller coaster ride smoothed out over the course of 2019 as speculation subsided and specialized use cases began to emerge. That utility helped demonstrate value in digital assets beyond trading and contributed to increased stability.
While skeptics and critics might still view digital assets as a giant game of Jenga, just waiting for a wrong move to send all the blocks tumbling down, we here at Ripple see the future of digital assets as more like a vast set of Legos. By carefully piecing them together, it’s possible to reimagine familiar worlds or create entirely new ones.
Looking ahead, we believe 2020 will reveal new technologies and applications for digital assets that can lead to meaningful, tangible change across a wide range of industries. In particular, we expect three major themes to develop in this first year of the new decade that will lead to a more mainstream embrace of digital assets.
Digital Assets Underpin Consumer Financial Products
XRP is a digital asset custom-designed to facilitate cross-border payments. A number of companies, including MoneyGram and goLance, and applications have endorsed this use case and we anticipate even more will join the adoption curve over the coming year. But our team expects other digital assets and use cases to find traction in the coming year and decade.
Ripple SVP of Product Asheesh Birla predicts that mobile wallets will enter the blockchain and crypto industries in a big way. Specifically, he believes that “adoption of digital assets and blockchain technology among mobile wallets and super-apps like Gojek, Grab and PayPal will become more mainstream as they look to expand their services to keep up with customer demand and compete with digital banks.”
According to Asheesh, that adoption will continue expanding to include new credit and loan products. He expects that these more mainstream use cases will first emerge in developing markets like Kenya, Nigeria and parts of Latin America where the need is most acute. These applications will be aided by friendlier regulations towards digital assets, which will also make them more attractive to tech companies seeking paths to expansion.
Similarly, Ripple SVP of Customer Success Marcus Treacher sees international and micropayments expanding to facilitate new consumer uses. In particular, he envisions purchase solutions for tourists and travelers that no longer rely on cards or card rails taking root in 2020.
“Imagine if a Japanese tourist visiting Thailand could buy goods using a mobile app or QR code, triggering an immediate cross-border payment from their Japanese yen account to a Thai baht merchant’s account. If more consumer purchase solutions start leveraging blockchain technology in the same way, the payoff will—quite literally—be huge!”
Marcus also predicts that big tech companies will continue to enter the payment space, hastening the growth of micro and wallet payments supporting immediate, low-value payment flows. This expansion of micropayments beyond traditional messaging apps like Telegram and Line to deep pocketed enterprises should create a resulting surge of developers flocking to digital assets.
Institutional Adoption of Digital Assets Accelerates
For digital assets and associated applications to have long-term staying power, institutional players must embrace the technology. We anticipate that just such a wave of institutional adoption will begin in 2020 with more traditional firms deploying digital asset and blockchain-based solutions.
Breanne Madigan, our Head of Global Institutional Markets, says this will be enabled by trusted custody brands such as State Street or Bank of New York becoming involved in digital assets. “The presence of recognized players will increase institutional confidence in the space and pave the way for greater institutional adoption next year,” explains Breanne.
CEO Brad Garlinghouse is even bolder, predicting that half of the top 20 biggest banks in the world will actively hold and trade digital assets in 2020. He is also one of many on the team that believes fiat currencies will go digital in the next year.
While SVP of Xpring Ethan Beard expects at least one central bank to launch a tokenized representation of their fiat currency in 2020, Brad forecasts at least one non-G20 currency—like the Argentine peso or similar—will become fully digitized within the next year. Xpring SDK provides the ability to work with PayID, using libraries provided in JavaScript, Java, and Swift
The weak rebound off the support line of the symmetrical triangle indicates a lack of buyers at higher levels. Currently, the bears are attempting to sink XRP below the triangle. The downsloping 20-day EMA ($0.197) and the relative strength index in the negative territory suggests an advantage to the bears.
XRPL Labs - the innovative Ripple-backed startup has recently announced the development of a revolutionary new banking app based on the XRP Ledger called Xign. The news was announced at the recent Bitrue event in Amsterdam that took place at the end of May.Xign is a mobile app that acts as a banking app without the use of banks. It allows users to check balances and transfer dollars, euros, XRP and other cryptocurrencies.
According to the founder of nodum. io and one of the lead developers at XRPL Wietse Wind, the new app is very easy to use so that even people who aren’t familiar with crypto wallets or digital ledgers will get used to it without any worries.
At the conference, Wind said that the mobile app is very easy to use and has stated that it delivers a user experience similar to traditional online banking i.e simple.
The app comes with an easy-to-use setup guide that enables users to take advantage of the app without any issues. On top of this, it will feature an account directory with look-up and social features to facilitate the non-technical transaction for its users.
The app will also be able to approve of deny payments to different individuals and firms.
Win has made it clear that XRP will be the app’s native asset. Other servies will be added later like a prepaid ILP Wallet.
QUOTED “So, what it will allow you to do is check your balance and send your funds in any currency, because the XRP Ledger can handle any given currency issued on the ledger… We’re not building a crypto wallet. We’re building a banking app. Except, without a bank. We’re building a banking app based on a digital ledger, based on the XRP Ledger and based on ILP (Interledger Protocol).”
Major distribution territories: $0.22, $0.24, $0.26
• Major accumulation territories: $0.18, $0.16, $0.14
BUY XRPUSD WE GOING TO THE MOON
ENTRY 1 $0.20580 & ENTRY 2 $0.18468 SL $0.16460
TP.1 $0.21468 --TP.2 $0.24580 --TP.3 $0.29468
TP.4 $0.34580--- TRAIL STOP LOSS FROM TP.3)
tp.5 $0.48468 tp.6 $0.68580 TP.7 $1.11
TP.8 $3.30--TP.9--$8.50--TP.10 $12.50
The market point between XRP and the US dollar yet continues trade around the same range trading territory of $0.20 mark as kept quite a while. Neither the base nor the counter has been able to make a significant move away from the range line.
All in all, XRP/USD buyers have been struggling to not to let down the crypto’s valuation goes below the previous low of $0.18 point. Meanwhile, bears have continued to press down the crypto’s price from a line a bit over the range trading area.
At the conference, Wind said that the mobile app is very easy to use and has stated that it delivers a user experience similar to traditional online banking i.e simple.
In this 2 Week chart of Ripple / United States dollar (XRP/ USD), there is a depreciating range from 0.5175 to 0.1105.
We can observe that the market then appreciated to the 0.206 level (identified by the yellow down arrow), just below the 23.6% retracement of the depreciating range at the 0.206552 level.
We can observe that XRP/USD then depreciated to the 0.1791 level, just below the 9-week Simple Moving Average .
We can also observe that the 0.1791 level was just below the 0.183462 level, representing the 23.6% retracement of the appreciating range from 0.1105 to 0.206.
If XRP/USD resumes its depreciation, price retracement levels below the current market include the 0.169519 ( 38.2% retracement ), 0.15825 ( 50% retracement ), 0.146891 ( 61.8% retracement ), and 0.130937 ( 78.6% retracement ) levels.
If XRP/USD resumes its appreciation, price retracement levels above the current market include the 0.265974 ( 38.2% retracement ), 0.314 ( 50% retracement ), 0.362026 ( 61.8% retracement ), and 0.430402 ( 78.6% retracement ) levels.
BUY XRPUSD WE GOING TO THE MOON
ENTRY 1 $0.20580 & ENTRY 2 $0.18468 SL $0.16460
TP.1 $0.21468 --TP.2 $0.24580 --TP.3 $0.29468
TP.4 $0.34580--- TRAIL STOP LOSS FROM TP.3)
tp.5 $0.48468 tp.6 $0.68580 TP.7 $1.11
TP.8 $3.30--TP.9--$8.50--TP.10 $12.50