XRP-USDT
What Happened? Read Here ⚠️Massive sell volumes, Massive liquidations, all in less than an hour. But why?
CryptoTicker.io explained three reasons for this crash:
" 1- JP Morgan issued a Bad Memo to its investors
JP Morgan warned its investors 1 day prior to the crash about buying altcoins during this bull run. They claimed that retail traders were hyping up prices during fundamental advancements in the technology (NFTs, scalable blockchains…). This note created a negative sentiment in the crypto sphere, prompting a heavy sell-off.
2- El Salvador Announced a Bad Start with its crypto integration
The cryptocurrency market started taking a hit as El Salvador’s wallet experienced technical difficulties within hours of its debut. This forced President Bukele to announce that they would temporarily “go offline”. This bad start in their crypto integration scared investors and initiated a sell-off, which translated into a snowball effect on the entire market. Negative news and strong selling pressures have very bad effects on cryptos, especially because of their high volatility.
3- A Price Adjustment was bound to happen
The crypto market rallied for an extended period now with no signs of any retracement in prices. This extended uptrend is definitely scary, especially when prices rise by more than 50% in less than 1 month. Green candles can be seen for most cryptos consecutively. Coupled with bad news, this ticking bomb would definitely explode once profit-takers enter the selling game"
Also as NationalWorld.com says:
"It follows recent crashes brought on by Tesla making a u-turn on accepting Bitcoin as payment for its products and China clamping down on initial coin offerings, block exchanges and warned against speculative trading.
A further blow was dealt when China ordered Bitcoin mining in its Sichuan province to shut down completely and furthermore told banks to stop supporting crypto transactions, in a latest wave of restrictions on cryptos.
China’s crackdown on cryptos comes days after Musk’s shock announcement.
Musk’s decision signifies a sharp u-turn for Tesla who only started accepting Bitcoin as payment for its services in February 2021.
It came after the electric car company bought $1.5b (£1.06b) of Bitcoin shares, which in turn sent the market price of both the crypto and Tesla soaring.
The billionaire entrepreneur said: “We are concerned about rapidly increasing use of fossil fuel for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.”
Musk reaffirmed his belief that cryptocurrency has a “promising future” but that it “cannot come at great cost to the environment”, in his Twitter post.
Musk has been a long-time advocate of cryptocurrencies and the Tesla decision was felt across the market, with other digital tokens going down in price."
In the past 24 hours, most cryptocurrencies are in the red. The market as a whole lost more than 10%. The top losers are Filecoin (FIL), MDeX (MDEX), and Ethereum Classic (ETC) all losing around 20%. On the other hand, we can notice top gainers on such a red day like Near Protocol (NEAR) and Solana (SOL) making 22% and 11% respectively.
1- Bitcoin (BTC) : – 9.2 %
2- Ether (ETH) : – 12.7 %
3- Cardano (ADA) : – 16.6 %
4- Binance Coin (BNB): – 14.7 %
5- Tether (USDT) : 0 %
6- Ripple (XRP) : – 21.35 %
7- Solana (SOL) : + 11.63 %
8- Dogecoin (DOGE) : – 17.83 %
8- USD Coin (USDC) : + 0 %
9- Polkadot (DOT): – 19.20 %
What do you think caused this crash? What happened to your positions? Comment below and share it with us.
🔥 XRP Short-Term Bullish PennantXRP has found strong support on the bottom of the pennant during last night's drop.
In case we're going to see a stronger Bitcoin today, I'm expecting XRP to see a move towards the top of the pattern.
Since this pattern is a classical bullish continuation pattern, I'm expecting XRP to break out of the pattern on the top side in the coming days. Main targets are $1.30 and $1.35
XRPUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in a 4-hour time frame. As you can see, the price can ratify our target if it can stabilize above the line. And if it can not stabilize above the line, we can consider the fall to the support line.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
🔥 XRP Areas To WatchA couple of weeks ago I made an analysis on XRP and the areas I was watching.
As seen on the chart, XRP has seen an incredible run-up since then, blasting through the resistances with great ease.
At the moment, XRP has seen a minor bearish move after hitting $1.36, which is the man resistance for the coming few days. Main area of support ranges from $1.11 to $1.00, something quite big needs to happen for XRP to get below this red area of support.
Main target for the coming two weeks is the green area of resistance, which ranges from $1.65 to $1.77. A >$50k BTC is needed in order to reach the green area.
Happy trading!
BITCOIN TO NEW ATH 2021? Hello trading friends,
Manny asks about or it's possible that bitcoin can hit an all-time high in 2021.
This question is a future question and as we don't know what will happen in the future we cant give a 100% answer to it.
If we depend on this answer to the data that we now have and depending on our chart analysis and expecting, then we expect No all-time high for 2021.
Have a great time.
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# Manage always your risk, nobody knows the future - all depending on Data, trends, and whale effect
All our charts are not advice and you are responsible for your own investment
ETN TOOL Expecting for long term main trend SHORT
Ripple XRP to 1.06$ ?I am not an XRP investor as a result of the active lawsuit it has with the SEC, but I am not blind either. There is a clear pattern of accumulation in XRP since the end of May, after a correction of -74.4%.
We must add to this that the daily candles are showing us a cup and handle pattern, where its target is at approximately $ 1.06 which represents 38.20% fibo of the corrective trend.
XRPUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in daily time frame. Price was able to touch our previous target. At the moment, the price has been able to break its resistance and start moving upwards. As long as it is above its support line, we call it bullish. But in case of breaking the support line and stabilizing the fall, we consider the next support.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
🔥 XRP Massive Break OutAround a week ago I made this analysis on XRP where I discussed the areas to watch for the weeks ahead:
As discussed in the analysis, we saw a minor retrace towards the yellow minor support area. This area has been confirmed as support, which had led to the huge pump we're seeing today. Obviously, current price action is mainly because of the great performance of ETH and BTC.
The target for the coming couple of days will be the green resistance area, ranging from 0.93 to 0.9. Be aware that the 0.77 could be tested as support before that happens.
Happy trading!
🔥 XRP Areas To Watch For The Coming WeeksXRP is one of the better performing tokens since the sell-off on the 20th of July, seeing over 40% gains from then till now.
With XRP currently trading around a minor support area, a few things can happen. The key support for the coming days is $0.70. When we get a daily close below $0.70 it could be the signals for a larger sell-off, trading on the assumption that we're trading inside a horizontal channel.
In case of a downfall, I'm eyeballing the red area of strong support for a potential re-entry into the market. Market fundamentals are looking quite strong at the moment, so my trading bias is still long.
In case BTC regains its strength in the coming days, a daily close above $0.73 (and consequently $0.77) would indicate a continuation of the bullish move. My bullish target for the coming two weeks is the green area of resistance, ranging from $0.90 - $0.93.
Keep a close eye on Bitcoin's moves in the coming days.
Happy trading!
BTC: new assessment; 72hr response.relief rally is lined with much optimism.
expecting extreme volaility and swings for the next 72hrs.
CZ leaked plans early, hence the 48.1k price liquidation, either this is a signal that CZ is in trouble for sneminem to come to the rescue and save him from the bogdanoffs, or this level will be revisited because the script leaked (or so my source says)
plus we have witchcraftery brewing meme magic on crypto twitter. absolutely repulsive how much effort has gone into all of this since the B word conference.
tether lawsuit. on the heels of the SEC V Ripple being quashed in short order.
endless distractions. most peers are unawares of the flip being so imminent to switching, they aren't even prepared.
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XRPUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in 1 hour time frame. As you can see, the price is below the resistance line. If it breaks and stabilizes, we can enter the trade. But if we see weakness in the process, we consider the fall in prices.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
Indicator introduction: Auto Trendline & Breakout AlertThis indicator classifies trend lines based on the reaction of the price chart and trading volume and then displays them in different colors.
it will include a breakout alert.
I will publish it soon.
If you like it, please leave a comment.
Note that the arrow and price label are not part of the indicator.
XRPUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in 1 day time frame. As you can see, the price is approaching its resistance line. We can sell on the ceiling, but if there is a weakness in the process when it reaches the resistance line, and if the price breaks the resistance line and stabilizes above the line, We enter the deal with the above goals. We have identified resistance and support for you.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
XRPUSDTHello to you all. Mars Signals team wishes you high profits at all times.
We are in a 4-hour time frame. As we can see, the price is fluctuating in a triangle. If the price comes out of the triangle completely, we can expect the fall. But if the price goes out of the upside and breaks our resistance, we can consider the climb. We have drawn resistance and support for you. Do not forget the loss limit.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
🔥 XRP Pennant ContinuationAfter a sell-off in the last couple of days, XRP seems to have found support at the bottom support of the pennant on chart.
With BTC regaining some of its lost ground, alts are following. For the near term I'm expecting XRP to follow this pennant, unless BTC decided to go wild and break through the illustrious 42k resistance.
When trading alts always keep an eye on BTC.
Happy trading!