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XRP Weekly, Time to Moon!No Just Kidding. XRP and Ripple technology is primarily used in banking and money transfers. Banking does not want volatility here. XRP needs to maintain slow steady gains, and tries to stay as stable as possible. When everyone was looking for "the next bitcoin" and flooded the xrp market with speculation, sure it pumped well and a few people made out while dumping it on their cult followers. It's be consolidating back to it's ideal range between 30 and 50 cents ever since. It's important to know company fundamentals and purposes of the coin before throwing money at it. Plenty of alts worth getting into for currency speculation. Take that $100 and put it in bitcoin. Even if you bought every week since the top, you'd be in a better position. Any way, this is not financial advise, this is for entertainment purposes only.
KRAKEN:XRPUSD
by MakeAManOuttaU
XRP - a ticking time bomb.Hello traders, Here's a XRP against US Dollar chart on daily timeframe. Fundamentally as you all know by now, MoneyGram announced strategic partnership with Ripple, which means that Ripple has struck a deal to invest up to $50 million in money transfer giant MoneyGram, by that Ripple will become MoneyGram's global partner for cross-border payment and foreign exchange settlement, using XRP. This was announced yesterday, which sky-rocketed the price of XRP to $0.46. Technically speaking, on daily time-frame xrp looks bullish as of right now, we broke above daily support area of 0.42 which is now being retested. Should this support area hold well, we could see the price anticipate another bullish leg up, trying to break above 0.47 which appears to be a huge level of resistance from where we had multiple spike rejections since May. A break above this level would mean an open sky for XRP to push higher. On weekly time frame you can see that this weeks candle is showing indecision between bears and bulls however its still Tuesday and there are plenty of days left until the Sunday's weekly candle closure, from the weekly perspective we would need to wait a couple more days to see if the candlestick would indicate a bullish continuation.
BITFINEX:XRPUSD
by UnknownUnicorn3394555
1
XRPUSD Extremely bullish moneygram announcement/testing top tlMoneygram finally made it official they would begin using xrp in cross border transactions and the price action has seen a very nice boost in reaction to it. Whether or not this will be enough to break upwards from our current triangle is yet to be confirmed...we all know the old adage "buy the rumor, sell the news" and considering how this seems more likely news than rumor we may even see price dip down to retest the bottom trendline of the symmetrical triangle. I think overall however this should lead to a nice bullish breakout sooner than later and considering how xrpbtc is currently bottomed out and on its super strong 200 weekly ma support line I think we will also start to see xrp make serious gains on btc in the next week or 2. Also important to mention ripple will be giving moneygram a multimillion dollar funding boost which should really help kickstart the partnership.
BITFINEX:XRPUSDLong
by DrDovetail
1
XRP reached the moon. Brace for impact though, sun is up next!Nobody in cryptoland is making more progress than Ripple. It's a winner, and I am keeping it locked away for major targets ahead. Fundamental Most of you following me came from the previous idea I had on XRP. It almost turned out perfectly, and achieved major gains. We have now crashed, and I am looking at the road ahead for XRP. A road which I am looking at with great enthusiasm. A road that can quickly lead to greatness :) So what's the latest? First, I'll do a quick summary of why I believe Ripple is a company to bet on in the first place. Market penetration, top level partnerships and unfortunatly; the most likely path to success. When it comes to cryptocurrency, you have two main camps. Decentralized & Centralized. Most want to change our very broken financial system, while a couple (Ripple being the king) wants to work with the powerful financial institutions to bring better technology into the business. Now.. I came into this cryptoworld mainly because of the politcal aspects surrounding Bitcoin. I would like to see the corrupt banks go, power back to the people. A rebranding of our economic model sort to speak. However, if you want to achieve success as an investor, you gotta look at things from a pure, logical and maybe somewhat cynical perspective. Ripple is a winner, I'll actually go as far as to call it an obvious winner. Our beloved market got a heavy start on 2018. Much of it was natural correction, but it was the regulation fear that got us bloody. Ripple loves regulation. They have the connections, they have the product that the elites of the world wants. Suddenly we get a reality where coins like Bitcoin is hard to obtain (or atleast use) , while XRP becomes a cakewalk. To summarize I would just point to this screenshot from a JP Morgan crypto presentation. "Ripple is already bringing change in the industry" The Latest: In recent times, Ripple has been making waves. Yesterday we learned that Saudi Arabia's Central Bank has signed an agreement to use Ripple's Xcurrent in helping banks in the KSA improve their payments infrastructure. (xCurrent does not rely on XRP, the currency) We also learned something I find much more substantial, namely Western Unions decision to trial Ripple's cross border payment platform xRapid. Good read from Yahoo , with the Western Union news and explanation of the difference between xRapid & xCurrent. On January 11, Moneygram was also announced to be using xRapid (That's the one using XRP). We are seeing more deals being made that directly helps XRP's value, which is fantastic. Lastly, I would also like to include this bit from SBI Hodlings. Which I believe is a major positive! SBI Virtual Currencies to Exclusively List XRP at Launch SBI Holdings is the leading financial service company in Japan. Their subsidiary, SBI Securities, is Japan’s largest online securities company with more than 4 million brokerage accounts. Technical We reached the moon at the 4.618 exentions from first week run. Back to reality, and now I believe the fundamentals are in place for a run to the sun! Looking at 4.618 from entire december run for a final target. I'll use my pitchfork to find support/resistance (tutorial in my profile) . I will also keep updating this with more short term TA.
BITSTAMP:XRPUSDLong
by Kryptokelly
69