If XRP breaks this level... THEN HOLD ON TIGHT!The .4068 level is the area to watch. If XRP can break above and hold this level we may just see 'God-Candles' in our near future.
Xrpl
Finally a decent breakout!I hope this time we can actually have a taste of the 0.6-ish range.
I had to readjust the counts for a cleaner look. It got a little bit overwhelming and confusing with all the subwave counts, but with proper mentorship and guidance from my master, I can now see clearer counts.
LogScale Chart of the XRP Ledger as Screenshot - just 4 funHi XRP Fans,
i have added the XRPL Chart in LogScale, from the (available) beginning to the ATH at $ 3+. I think it is important to have this Chart here on Tradingview. Maybe some Elliott Fans can see that the first wave might be missing? It looks a bit like there is something hidden... :)
Greetings
XRP Fibonacci analysis135 Million More XRP Added By Whales; Is Next Pump Near?
XRP, Ripple’s native crypto price took a hit on Saturday following the broad sell sentiment in the digital asset market. However, this price drop has also broken the XRP’s long gaining run. The price movement has allowed crypto whales to add more XRP coins to their wallets.
Whales’ fav choice, XRP?
As per data, XRP price is up by 46% in the last 30 days. However, the biggest digital assets like Bitcoin (BTC) and Ethereum (ETH) prices have dropped by 4% and 17% in the same period, respectively.
Meanwhile, XRP price has dropped by around 4% in the last 24 hours. This price dip has spiked the interest of the whales. As per the Whale Alerts, more than 135 million XRO coins have been moved from several crypto exchanges to multiple unknown wallets.
Over $66 million worth of XRP coins were bought by the whale wallets in the last 24 hours. The biggest transaction recorded by the tracker has been of a whale accumulating more than $19.1 million worth of XRP. The transaction took on the Bitstamp crypto exchange. However, more than 86 million XRP coins have been acquired by the whales from the same exchange.
Whale Alert also reported that around 122 million XRP were moved from some unknown wallet to another. Meanwhile, $10.7 million worth of XRPs were moved from whale wallet to Bitstamp crypto exchange to sell.
Is case rulings helping the coin?
XRP is trading at an average price of $0.48, at the press time. It is 24 hour trading volume has dropped by 52% to stand at $1.02 billion.
Despite facing the long runing legal battle with the SEC, Ripple’s XRP has managed to stay on the list of top 10 digital currencies. XRP is holding a market cap of $24 billion.
However, the recent rulings in the crucial lawsuit have proved to be good for Ripple. It has pumped the investor’s sentiments in the favor of the XRP.
Source: coingape
$SOLO - Number Go Up 🤞Medium term PT for $SOLO; Using fibs and traditional TA.
Catalyst: Securities Broker Dealer License
XRPXRP following suit, internal range BMS to the downside with price printing series of LH, for added confluence here id like .36 low raided before we see any retrace to the upside.
If we play out as above and print a lower high then we can look to short inside the ob .39 LO/NY KILLZONES would be prefered time of day will fit with the agenda.
For us to remain bullish we want to see price hold above .32600 and show bullish reversal inside BISI failing IMO will result in price seeking SSL of the range low and liquidting all the longs left in play 0.28700.
My Take on XRP price prediction in generalRipple as a company is huge and powerful one. They have high rank connection with the financial sector around Europe, Asia and Middle east.
From Technical Analysis perspective, I have ran over multiple scenarios and all leads to at first unreasonable price range. Then I started digging into XRPL and RippleNet which led me to Ripples investors and their partnerships (Which by the way are huge one with deep pockets), everything started to clear up and the unreasonable prices started to make sense somehow.
I can't claim my findings solely on my own research, I have searched and the first place I have looked into is Ripple website which you can after that follow the keywords in which will lead you to many information as documents, articles and solid contracts. I'd advice you to do your own research and see yourselves. But I will leave you with some articles I have verified myself for my own sake and hope it takes even further that that.
Technical Analysis:
I have done a ton of analysis especially on assets that lived at least a previous bull run and validated my technique and the price targets almost accurate came true.
I don't depend on indicators to determine the asset cycle final targets, I only use indicators to assist in trading.
I use price action along with Fib Extensions to determine the T.A price, I also put into my calculations the project achievements and weigh in their activities ( Partnerships, investors and type of contracts they close, monthly volume)
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XRP monthly/fundamentals: Parabolic SAR and IchimokuThe markets that Ripple/O.D.L./XRP is intended for are collectively measured in the trillions of dollars per day.
Connect the dots: The DTCC, clearing houses, FX market/post-trade settlement (6+ trillion a day in volume), R3 Corda, VISA Earthport, SWIFT, correspondent banking, wholesale CBDC's, transition from LIBOR to SOFR (Sandie O'Connor recently added to Ripple's Board of Directors). That's all for starters. Then look into things like Interledger Protocol and Hyperledger and Polysign and flare network.
On XRP price itself, one possibility is there will be a smooth transition to higher prices over the next few years
In order to avoid shocking the system. Another is this infrastructure is being quietly set up to be more of an instant shock absorber for the day when debt markets implode and global liquidity freezes up. XRP is not the only DLT game in town either, but imagine an XRP price just based on 5% on all assets being transferred over the xrpl. Anything of value: derivatives, bonds, M2, any other crypto, real estate, debt... All instantly liquid and each transaction costing .00001 xrp. Retail investors were never specifically intended to be invited to this party.
For reference take a look at this visualization of all the world's money measured in blocks of $100 billion each. www.visualcapitalist.com
And listen to Patrick Griffin of Ripple speak at this IIF technology showcase in 2014. He chooses his words carefully:
www.youtube.com
Unlikely to be recommended in yer youtube feed by the almighty algorithm.
Keep in mind that with fiat money printing increasing exponentially, dollar-based valuations will have less weight. Think of it as taking more dollars to buy XRP -- based on the utility it provides -- rather than the price of XRP simply going higher.
I emphasize that this is not financial advice and just my take on things. Anything in this new arena of fintech/decentralization changes very quickly and the broader infrastructure is clearly being disseminated from very high up the food chain. I don't necessarily think this transformation is an ideal thing but it seems unstoppable at this point.
