Market Insights

rippleusd Ideas

XRPUSD: Is It Dead or Ready to Rise Parabolically?

The XRP (XRPUSD) has been closing below both its 1W MA50 (blue trend-line) and the 1W MA200 (orange trend-line) since the week of April 08. At the same time it is testing the bottom (Higher Lows trend-line) of the Triangle structure that started on the January 01 2018 All Time High (ATH). In relative terms, it appears to be similar to the Triangle that started after the December 02 2013 High and broke-out to the upside on March 20 2017. Its 1W RSI is at 40.00, low enough historically to...

By NovaX

Updated 1 week ago

LONG

Unlocking the Potential: XRP’s Short-Term Boost with the Falling Wedge

Unveiling the Falling Wedge: A Short-Term Boon on the 4-Hour Chart Understanding the Falling Wedge The falling wedge, as the name suggests, is a bullish reversal pattern. It's formed by two converging trendlines, with price action creating lower highs and lower lows, but at a decreasing rate. Imagine a wedge shape being squeezed from top to bottom, with the narrowing gap hinting at a potential price reversal to the upside. This pattern signifies a period of consolidation where bears (sellers) are gradually losing momentum. While the price continues to fall, the decreasing distance between the trendlines indicates diminishing selling pressure. Bulls (buyers) start...

By NovaX

Updated 2 weeks ago

Understanding the Extended Cycles of Altcoins

I have a theory about alternating altcoin cycles. Here are some coins that could potentially fit the criteria: XRP, Litecoin, DigiByte, Dash, BCH, and XMR.

By NovaX

Updated 3 weeks ago

XRP Price Danger Zone: Key Support Levels to Watch

Ripple's (XRP) Price Analysis XRP has seen a significant decline after failing to maintain the critical support level at $0.4840, dropping to $0.4750, which raised concerns among traders about further losses. Current Price Situation The currency is trading below the $0.4880 level and the 100-hour Simple Moving Average (SMA). A downward trend line is forming with resistance at $0.4880. Support and Resistance Levels Resistance Levels: First resistance level: $0.4820 Second resistance level: $0.4850 Key resistance level: $0.4950 Next resistance levels: $0.5050 and $0.5250 Support Levels: First support level: $0.4740 Second support level: $0.470 Next support level: $0.450 Buying and Profit-Taking Strategy Buying at Support: Consider buying at key support levels ($0.4740 and $0.470) for potential price...

By NovaX

Updated 3 weeks ago

LONG

XRPUSD: Analyzing 1-Year Support Levels for Cryptocurrency Traders

Today Ripple Analysis Ripple reached a very strong support level at 0,4706. This support was created nearly 1 year ago on 13 July 2023. Sometimes Ripple pumps after touching this support. If Ripple is able to hold bearish, the near-term target is at 0.6925 resistance with almost a 50% profit projection.

By NovaX

Updated 4 weeks ago

LONG

XRP: Ripple Secures Victory in Landmark SEC Case

Hi Traders, Investors, and Speculators of Charts! 📈📉 Congratulations to all the XRP HODLERS! 🤩🥂 In a nutshell, the SEC case involving Ripple and XRP concluded with a significant win for Ripple Labs. The legal battle began when the SEC sued Ripple in December 2020, alleging that XRP was a security and that Ripple violated securities laws. However, on July 12, 2023, Judge Analisa Torres ruled in favor of Ripple Labs, dismissing the case as the SEC failed to prove that XRP is a security. This ruling is a pivotal victory not only for Ripple Labs but also for the entire cryptocurrency industry,...

By NovaX

Updated 3 months ago