XRP/USD Secondary trend. Channel.

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Secondary trend. Logarithmic chart. Time frame 3 days. Descending channel. Reversal zone.

Coinmarketcap: XRP

The same parameters, but on a line graph. Slightly shifted the graph for a better understanding of the zone.

The price clamp zone is 16.13% on a large scale on the 1 day time frame.

This is what this 13.16% looks like on a line chart.

Below is an idea of a larger time frame to understand where the price is.

The whole main trend. Timeframe 1 month.

XRP/USD Main trend

Main trend (part). Timeframe 1 week. Triangle zone.

XRP/USD Main trend (part) Triangle

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27 07 22 local reversal from the support zone of the clamping channel. Now the price is in its resistance zone, that is, 0.3809, about +18%. August will be the month of the most hated large cap coin or not?)

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Coin Situation 13 08 22. The price is in a squeeze in the exchanges glasses with minimum volatility 13 day above the resistance of the local channel 0.36

Recently there are significant purchases (more correctly say withdrawals from the exchanges).

An example just recently today from Bitstamp:
1) 20,084,040 XRP ($7,557,331)
xrpscan.com/tx/51CBF8F55C83E4D61A99957D39BE69FC88A5CFF351D5CF25FC7D79071C250C8B
2) 29,305,730 XRP ($11,069,388)
xrpscan.com/tx/F40B3E55323C89AE5AB23D82BE6A032735BCEC6E26102AC08923599D9B0AF070

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Then a rounded bottom is formed. This coin is after bitcoin among the leaders in large purchases and withdrawals from exchanges. With a high degree of probability, there may be an impulse in the near future.

All major deposits to the exchange are made:

1) for blocks for price direction.

2) before the pump to fix profits during it. Translated by fractional large transactions, trace wallets, everything large is dust in comparison with interconnected balances.

3) during the peak of fear to enhance it.

4) during the peak of fear, if someone lost their nerve (very rarely).

5) unlocking from escrow - for sale. Increase the supply so that the price does not "grow" prematurely (so in theory according to the legend). The reality is that every sale is a profit.

All major withdrawals from exchanges:
1) buys for a hold, as a rule, positional trading. Buying at the beginning of the cycle or on a significant pullback during it.

2) buying from the market is usually at the bottom or on a super dump for escrow. A dump is made, then it is announced - "we bought" and sent to escrow to reduce the supply in the market and equalize the price.

3) to create the effect for the trackers "Whales buy". Remember XRP for real use, it's not Bitcoin. Transactions are instant 3 seconds, any multi-valued amount is conditionally "free". Because what was withdrawn 5 minutes ago can be started with the same success. Tracing transactions is very difficult due to the "XRP blockchain" (understand correctly).

Large XRP transactions in the last 1.8 days.

1) 37,000,000 XRP ($13,728,316 USD) on #Bitstamp, which is the main exchange (#XRP Market Maker) that has been guiding ("setting the price pace") since 2020. All escrow coins from XRP go to her, it's easy to trace, nothing is hidden. Also, there is liquidity on the exchange specifically for the "true" #USD.

Please note that all practically large transactions, if they are made, then 95% to the Bitstamp exchange, smart money does not need stablecoins to fix profits. Follow it.

2) 35,000,000 XRP ($13,006,355 USD) on Bitstamp

3) 100,000,000 XRP ($37,477,676 USD) From Ftx exchange to wallet.

4) 45,000,000 XRP ($16,997,224 USD) on Bitstamp

5) 45,000,000 XRP ($16,932,986 USD) Between wallets.

6) 36,921,990 XRP ($13,893,323 USD) From Bitstamp exchange to wallet

7) 40,000,000 XRP ($15,032,292 USD) to the Bitstamp exchange

8) 30,000,000 XRP ($11,607,939 USD) from wallet to Bitso exchange

9) 44,947,496 from Binance to wallet

I wrote a little about XRP at the end of this article:
Regulation of capitalization and prices. Self-deception of hamsters and traders. How to make a fake - capitalization.

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This is what the concave bottom looks like on a line chart now.

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Local work. The price is still in the clamping zone. 19 08 local impulse from the channel resistance zone 0.36 to the level zone 0.31 (0.33). Percentages of exit to key local resistance/support levels from a given channel zone are shown on the chart.

Pay attention to the traded volume in this zone of this channel, I specifically included the horizontal volume for clarity. Also note the many XRP transactions over the past month.

Key dates that may affect the denouement for this clamp:

29-31 (CBDC conference)

September 9, 13, 19, 21, all these dates can be a consequence of 29-31 (decisions made). If there are some "attacks" on the banking sector in the fall, then XRP, XLM will only benefit from this. A problem is created for the implementation of a ready-made planned solution.

19 09 2022 - Ethereum (ETH) transition - FUD positive/negative for the entire crypto market.

21 09 2022 - FOMC (Federal Open Market Committee) meeting. Positive/negative FUD for the entire crypto market.

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This is what it looks like on a line chart at the same scale

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The price has been flat for almost 130 days (4.3 months) in a horizontal channel with a main zone step of 20/17% Pay attention to this coin now and in the future, no matter what there will be a general trend. The key levels of the pivot zones are shown by arrows. It is quite possible to repeat the fractal mirror structure.

Pay attention to the scope of the project since 2004 Ripple (Ripplepay) to introduce into the real banking sector (one can say partially in the "horned" XRP) in contrast to other suicide projects.

Ripple (XRP) - ripple, wave, wave on the water, ripples on the water.
XRP - Gematria (Jew) 440
In this crypt, in crypt (value) time, there will most likely be an enchanting exit. A problem for the sake of providing a planned solution, which most likely will not be presented this way.

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About +30%. Breakthrough of the resistance of the clamping channel, exit to the mirror zone. Husky will become a "hero to save the world"?)))

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Price +57% above 0.4496 approaching secondary downtrend resistance zone (red, from April 2021).

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Local work. After the +81% impulse from the squeeze-accumulation zone, a rollback formed a triangle.

Breaking it up will act as a canvas of an ascending pennant.
Downward breakout - into the accumulation zone, at least to the mirror level of 0.36

Percentages of key local pivot levels are shown.

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Triangle up break +12%, price hit 0.53 (main downtrend resistance zone).

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A rising flag is forming. Goals are the same. Soon the end of the story. It is also worth noting that in the near future there will be the implementation of the iso 20022 standard. Pay attention to all the assets that fit this standard (there will simply not be others over time).

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further, the price is flat in the downtrend zone of the secondary trend (red), thus forming a flat with many local squeezes. The price is now at about +50% from the local set zone.

Short script. On the market (realization of fear in the world, the Russian Federation is driving 300 thousand, "new operation" and so on ...) Sadness is a return to the accumulation zone. This local price consolidation now after the impulse will act as a local distribution. Remember +50%

Long scenario as described earlier, the implementation of the rising flag (second part) from this zone. This consolidation will act like the canvas of the flag. Realization of the goals of the flagpole or more of it%.

Levels and percentages are shown. There is no need to guess, there must be an understanding of where you are selling and where you are buying and under what conditions. Read my last few articles about money management, as well as many examples of reversal zones, trend zones, breakouts and pullbacks after them in different trading situations.

I recommend paying special attention to the article where I described the different available functionality of the two top liquid exchanges (Binance and FTX), which, when used skillfully, minimize risks and make it possible to protect profits. In voice, I’ll tell you the nuances of what is effective (what people use little, or use illogically), and what is created for “shaving” (exactly what the majority uses).

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