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Charting the course of XRP


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10 minutes ago, Neurotoxin said:

Is it just me looking at the prices at the right time or is this thing heating up to make a move?

XRP did make a move independently from BTC, so maybe something is brewing but who knows. 

 

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1 minute ago, BluKoo said:

XRP did make a move independently from BTC, so maybe something is brewing but who knows. 

 

Independently? BTC moves from 33 to 36, XRP follows, it just sometimes bigger XRPBTC pump 🥺

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4 minutes ago, xrp-nuke said:

Independently? BTC moves from 33 to 36, XRP follows, it just sometimes bigger XRPBTC pump 🥺

Yeah, they’re definitely still tied together.
 

We have another hearing this friday the 4th. Brad and Chris’s reply to the SEC’s Opposition Brief to their Motion to Dismiss. 

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Right now we just have a perfect backtest of the break out line but, I have to admit, across all of crypto, the charts don't look good.  Big downside moves like these don't resolve quickly and I expect this will be a long slog down for the next 3-6 months before any meaningful growth.  Somehow I doubt we are in for another "crypto winter" but there needs to be a big consolidation here.  

Caveat: I do think there is a high probability of a near term pump and this might be a good exit point for those not wanting to hold through volatility.  I think the odds of us just resuming the bull run here are very low.

Sorry for the bearish post, still expect good things later this year or into 2022.

image.thumb.png.fdf195e6ae5fa17a1b92e4b4648c1a1e.png

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10 minutes ago, Molten said:

Right now we just have a perfect backtest of the break out line but, I have to admit, across all of crypto, the charts don't look good.  Big downside moves like these don't resolve quickly and I expect this will be a long slog down for the next 3-6 months before any meaningful growth.  Somehow I doubt we are in for another "crypto winter" but there needs to be a big consolidation here.  

Caveat: I do think there is a high probability of a near term pump and this might be a good exit point for those not wanting to hold through volatility.  I think the odds of us just resuming the bull run here are very low.

Sorry for the bearish post, still expect good things later this year or into 2022.

image.thumb.png.fdf195e6ae5fa17a1b92e4b4648c1a1e.png

I for one appreciate your transparency In sharing your outlook the way you see it as opposed to presenting it with a bearish or bullish bias. I really think nobody really knows what’s going to happen next. I think we are in uncharted territory now that after such a severe crash, we haven’t really had a recovery and have instead pretty much gone sideways (albeit in a downward trend, at least when looking at the relatively short term). We are finally starting to see adoption and crypto has gone pretty mainstream, we have the very high profile and important SEC vs Ripple case going on and a lot of eyes are on this. I think that’s going to cause a cascade of events including finally getting clear regulations/guidelines to follow regarding crypto, defi and all that, and who knows? After that the market might finally grow and decouple from BTC and stop being this stupid pump and dump and projects can finally start to grow based on their fundamentals and merit as opposed to manipulation of random tokens. 

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Weekly candle close:

Could look better but could look a whole lot worse. XRPUSD is just like that, although the stage is set for us to return to the 1.15 area, and beyond that the 1.40 area on the daily chart. XRPBTC looks fine. BTC close is rough but there is a chance it will come back to 42k fairly soon. 

I disagree with Molten here, though his analysis is much better than mine. I don't think we are in for 3-6 months of slow down. Admittedly it is very difficult to predict timeframes, but I think we look good for some upside sooner than that. If the monthly candles close here or above then I think we will look good for the next monthly candles on the XRP charts to close green. BTC is another story, this monthly candle is intensely red and the next one could reach 20k. 20k is the bottom for BTC I think, would be surprised for it to go lower.

In any case, fundamentally I don't think XRP hangs around for a few more months. Flare is going to shake it up, and the SEC case continues apace. There's also no guarantee that the market will move as one. I agree that BTC looks bearish, but that doesn't mean everything necessarily is. 

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21 minutes ago, Seoulite said:

Weekly candle close:

Could look better but could look a whole lot worse. XRPUSD is just like that, although the stage is set for us to return to the 1.15 area, and beyond that the 1.40 area on the daily chart. XRPBTC looks fine. BTC close is rough but there is a chance it will come back to 42k fairly soon. 

I disagree with Molten here, though his analysis is much better than mine. I don't think we are in for 3-6 months of slow down. Admittedly it is very difficult to predict timeframes, but I think we look good for some upside sooner than that. If the monthly candles close here or above then I think we will look good for the next monthly candles on the XRP charts to close green. BTC is another story, this monthly candle is intensely red and the next one could reach 20k. 20k is the bottom for BTC I think, would be surprised for it to go lower.

In any case, fundamentally I don't think XRP hangs around for a few more months. Flare is going to shake it up, and the SEC case continues apace. There's also no guarantee that the market will move as one. I agree that BTC looks bearish, but that doesn't mean everything necessarily is. 

I can’t wait till the day the good projects decouple from BTC and grow organically. This is why so many of us here are upset. We picked assets based on logic and future promise based on the tech and the team behind it and weren’t rewarded for it nearly as much as someone who just picked a random memecoin that skyrocketed out of the blue. 

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10 minutes ago, Neurotoxin said:

weren’t rewarded for it nearly as much as someone who just picked a random memecoin that skyrocketed out of the blue. 

I actually think in the long term we will be rewarded more greatly through a combination of price appreciation and free access to Flare. Not long now. 

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Posted (edited)
43 minutes ago, BluKoo said:

You obviously didn't see what I saw. Xrp had a mini pump and BTC sat still. 

A little like what's happening right now. 

An independent move. 

Oooh it’s nearly a dollar, good spot! :) 
 

Edit: already crossed a dollar. Maybe people digesting the good news about the case? Idk, we’ll see what this looks like tomorrow. 

Edited by Neurotoxin
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