Ripple: XRP/USD Creates a Bullish Engulfing, Breaks Above $1.00


After weeks of consolidation, Ripple’s XRP made a massive comeback on Sunday with a 12.15% gain, finally breaking above the $1.00 barrier. Here’s an overview of the popular blockchain and its token.

Get my Updates. Free.

XRP/USD Ends Consolidation

After reaching the all-time high price of $3.35 beginning of January, XRP/USD dropped back to the 76% Fibonacci retracement level as the cryptocurrency market in general turned bearish. Since then, the $0.87 level has acted as a key support. The pair remains below the daily Ichimoku cloud and has yet to reach the immediate resistance level and 61% Fibonacci retracement level of $1.40.

Sunday’s gains created a bullish engulfing chart pattern. This could be an indication of a change in the trend, but it is still too early to make a medium-term call.

While XRP/USD remains below a very thick Ichimoku cloud, it certainly is getting closer to its lower band.

From a longer-term point of view, we think that it is a matter of time for Ripple the crypto to catch up with the popularity of Ripple the company, and show great returns.

Ripple’s Partnerships Around the Globe

As we’ve covered before, Ripple has been hard at work to expand its partnerships around the world.  It now has key partnerships in the emerging markets, as well as in the US. The company aims to connect banks, payment providers, digital asset exchanges and corporates via RippleNet to provide one frictionless experience to send money globally.

However, at the moment, using Ripple’s token, XRP, is optional with the partners. This could be one reason why it has been slower to catch up. Regardless, Ripple remains the third largest cryptocurrency by market cap, trailing behind Bitcoin and Ethereum.

Get my Updates. Free.

As the 4th point of the IDDA technique, you must calculate your risk tolerance before deciding on the investment strategy that is suitable for your portfolio.

Join our investing group to get the latest trading signals, stop-loss, take-profit and other limit order ideas. Our comprehensive signals will help you create a unique strategy for you, according to your risk tolerance.

Don’t forget to complete your risk management due-diligence before developing your investment strategy.

Invest responsibly,

Kiana

CrowdStrike Stock (CRWD): The Move No One Is Talking About But Everyone Should Watch

CrowdStrike is one of the biggest names in cybersecurity. They protect computers, cloud systems, and now even AI models. The company keeps growing fast, keeps making moves with giants like Nvidia and Google, and keeps expanding its platform into places most investors are not watching yet.

That is why this blog exists. There is a lot happening behind the scenes with CrowdStrike. Some of it is obvious. Some of it is quiet. Some of it could shape the future of the stock in bigger ways than the headlines show.

Read More »

Nvidia (NVDA) $5 Trillion Milestone Is Still Shaking Up Wall Street – Is This The Peak Of The AI Boom Or Just The Beginning?

After a period of unstoppable momentum, Nvidia (NVDA) is once again dominating headlines – and it’s no wonder Wall Street can’t look away. Once known primarily for gaming graphics, Nvidia has transformed itself into the beating heart of the AI revolution.

Its playbook, centered on innovation, scale, and ecosystem control, has turned the company into one of the most valuable and influential forces in tech history. But as investors cheer its meteoric rise, the question now looms: is Nvidia reaching new heights of sustainable growth, or is it flying too close to the sun?

Read More »

Netflix Stock (NFLX): Exciting 10:1 Split. Not-So-Exciting Earnings. What’s Under The Surface?

Netflix is one of the most recognizable companies in the world. It has a massive audience, strong brand awareness, and a long history of reshaping how we watch TV. Recently, Netflix announced a 10:1 stock split. A split does not change the value of the company, but it lowers the price per share and often makes the stock feel more accessible to everyday investors.

Read More »

Beyond Meat Stock (BYND) $900 Million Debt Deal News: Lifeline Or Last Gasp Before Collapse?

After months of steep declines and fleeting meme-fueled rallies, Beyond Meat (BYND) is once again in the spotlight – this time for its massive $900 million debt-for-equity deal. Once celebrated as the face of plant-based innovation, the company now finds itself fighting for survival amid collapsing sales, widening losses, and a heavily diluted shareholder base.

Read More »

Ferrari Stock (RACE) Plunged Hard. Is It A Short-Term Drop Or A Long-Term Decline?

Ferrari. A name that evokes speed, luxury, and precision.
But lately, its stock has been running into some rough turns.

After hitting record highs earlier this year, Ferrari’s share price took a sharp dive following its Capital Markets Day. Investors were caught off guard. Expectations were sky-high, and the company’s updated targets didn’t quite match the market’s adrenaline.

Read More »