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Xrpanalysis

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
Rising Wedge and Triangle Formation. KEY LEVELS!Many has mentioned a breakout to higher targets, Yes there is a huge triangle on the 1 hour chart, but there is also a "hidden" wedge present. We are most probably going to get a retracement to the levels showed in the chart. Remember, already in 2018 the Sweedish Central Bank had moved liquidity worth over a 1B SEK via Ripple. You really think they do not know what they are using? Have a great day, and good luck :) If you want to educated yourself : www.youtube.com
Short
by MonteCarlono
XRP - 6h. Buyers plan to test $0.78The long-suffering triangle that has been forming in the XRP market for 2 months may end its existence. The fact is that today buyers managed to break through the upper trend line of the triangle , which is a good signal for the continuation of the XRPUSDT price growth with the first target of $0.64 Trading volumes in the breakout of the upward triangle trend line were increased. However, if you look at the 12 hour timeframe, the trading volumes on the triangle breakout are quite small: It is quite possible that this is a false breakout of the triangle and the price may return to its limits. Therefore, now we want to wait for the correction after the completion of the real local growth impulse. If buyers keep $0.53 , it will be a good signal of buying strength and price growth to $0.78 . The loss of the mark of $0.48 by buyers will quickly help sellers lower the price to $0.42. Therefore, in this situation, we do not plan to rush. However, you need to keep a close eye on XRP. ________________________________ 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
19
XRP and April 6thI never call time frames, however with XRP I find it very interesting that we are coiling up to April 6th. What is this day you ask? Well, its a discovery hearing for the SEC on Ripples request for BTC and ETH documents. Ripple wants to know how and why the SEC determined Bitcoin and Ethereum as a non security, while in the same step treating them differently. I have a feeling the market will use something that is said in this hearing as a catalyst for XRP to begin running to the upside. Be on the lookout.
POLONIEX:XRPUSDLong
by CryptoFutureLA
10
xrp hodlers when moon?xrp hodlers when moon? Yes, it's been a wait hasn't it? it seems as though it will never happen and the little investors are saying, "when moon?" Well, this chart shows an in detail daily on 'when moon.' for XRP HODLERS. For any leverage trades, consider the radius and the current flag formation. If done correctly it could prove profitable. it may take a few times to get it right, however considering leverage sake, it may work out on radius and flag. Expect possible pump in august and to the heavens in october. This is what the chart says. Extra: Consider our fractal pump coming up within 7 days. Have fun! P.S. I do take donations. My analysis are straight forward and simple. If you need 129 lines to make an analysis then it probably won't work out :D
BITSTAMP:XRPUSDLong
by micdot7
4
$XRP Possible Pullback | Watch for fakeoutXRP is popping off after hearing Ripple could beat the case with SEC. Considering how volatile the crypto markets have been, this news might be enough to pop XRP off to the next level (with time). In the short-term, we will see one of two things... We could see a light fakeout around $.59-$.6 before seeing a strong pullback to $.5 then a run back up or A breakout and retest of $.6 will lead us to our next target of $.62 & $.65 Considering the volatility and huge news for XRP, do you think XRP can push to higher levels or will it fall off? DCJ
by DotcomJack
2
XRP: It's All Up To BTC NOWGood day to all money makers! If you find my charts useful please consider a follow and a thumbs-up as it motivates me to share and grow with you! - Current price movement is heavily dependant on what BTC does next. - This is just my current idea. - I am not a financial advisor! - There is always a huge chance of different patterns taking shape in these ever-changing charts. - I can be 1000% wrong! - Trade responsibly. - Be focused. - Have a plan. - Stick to the plan. - No FOMO. - Take the time to study YOUR own charts and come up with your own ideas as you are going to trade with your money. - Never trade what you are not willing to lose - Remember Stop-loss is your friend. - Smile! - Good Trading and Good Luck If you Find my Charts useful please consider a follow and a thumbs-up as it motivates me to share and grow with you!
by dstvst
6
XRP - 3h. Buyers are preparing for the test of $0.6Earlier this month, the XRP market looked awful . After the collapse of the price from $0.76 to $ 0.34, many predicted a bad future for this coin. However, in our three previous ideas , we clearly showed the prospect of coin growth and worked out our scenarios. It's time for the next short-term idea. At the moment, the wave of growth has been going on since the beginning of February. Buyers managed to keep the global trend line. XRP price correction takes place in the local black channel. The previous update of the local low ended above the lower trend line of the black channel. If buyers do not allow this time to update the local low - it will be a signal of depletion of sellers . We expect a sharp wave of growth to $0.6. The critical point of this scenario is $0.51. If sellers manage to break this mark, the price of XRP will fall to $0.44 again _____________________ 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
24