Ripplebreakout
XRP- Why i still think this consolodation is valid and extendedSo as you can see in this chart I have originally charted a wedge that I believed that Ripple would consoldate inside of and then sky rocket. Today would have made this invalid under normal circumstances/TA. However I have a few reasons why I think we can extend this and almost wipe away the action that has happened in the last day and the drop we expierenced. The main reason and what i believe is the most justifing is crypto in general does not always follow TA to the extent normal investing does. Today we expierencced coinbase adding BCH. Once this was added wesaw huge gains that immediately causing BTC to drop. This happened for multiple reasons what i believe is the most valid is in my opinion before today BCH was stillundervalued (I dont own) along with people knowing it was a confirmed add to coinbase which now having a very large amount of users provides alot of demand vs other exhcanges. We saw last week how influential a user friendly app likecoinbase can be. #1 on the app store. So with that we saw mainstream money pour in without reason. So with BCH getting traded added newer people immediately throwing money infor no other reason beside it is going up as well as expeienced traders as in the past new coins on coinbase have huge spike then plumment then gain steady over the next week at least. This makes for a good scalpand quickmoney in and out. So once that happend coinbase froze trading but shortly resumed I believe and we watched price skyrocket as moneymovedin making BTC fall. Without any news/ catalyst like last week ripplemoved back into following btc which actually gives mesome confidence in this strange market right now. Therefore we dropped as well. This is something that I believe is trivial and should not be accounted for when looking at the patterns of xrp (many may disagree but my opinion). I belive we are stillon track fora $1 xrp within the week. The reason why is everyone that talks about xrp being a scam coin and not plausible will finally see the true value and actual realworldvalue that is talking a problem that is here right now- banks moving money. I have heard from a close source who has spoke with a exec at ripple that we will finally get CONFIRMATION ( look at the spike of the actual news that lock up happened when these coins werent actually in the market.) on who the 2 non banking partners are potentially this Friday.... If you have seen the slide from swell i believe it very well is Uber and Amazon... Imagine a 70cent coin announcing they are partnered with Amazon in real world application to speed payments and slowly proving it is even better if they use ripple.... thats astronomical. Becuase of these few things I think we can almost erasethe movements of the last day and still be on course.
This is personal opinion and nothing more. Please check the charts and trade at your own risk! Thanks guys.P.s Sorry for all the words without spaces my spacebar is broke.
To prove confidence- I am down $5k on ripple today and am not sweating what so ever- slides from swell:https://oracletimes.com/does-ripple-xrp-latest-price-move-have-anything-to-do-with-airbnb-amazon-and-uber/ heres a link that shows them... before you talk about xVia not actually using Xrp. I know. Ripple knows. they have announced a long time ago they have a 3 pronged approach to slowly prove and adapt the use of XRP to these partners. They are one of the only real companies trying to slowly set a base to buildoff.I believe thats huge.
Ask yourself: Will crypto overthrow banks first or will banks adapt and use cryptofirst? I'm betting on the latter.
Comments/questions/constructive critiscism much appreciated.
If you agree/find value please follow slowly starting to post charts as i continue to share thoughts.
Ripple Bullish Tradechannel Buy signalsRipple is trading again in a slightly bullish trade channel just like was described in my porst from nov 28th. That signal triggered the major bull run which made ripple explode to the upside from 0.17eur/dollar to 0.70 approx.
in the wake of that event we can exepct a similar situation in the next few weeks. Ripple could reach 1.5 tot 2.8 Dollar range.
Note that this chart is in EUR, use the dollar/ eur rate to calculate the exact dollar levels. Draw trendline as you see on the attached chart to make it clear where to buy.
consider buying the lower ascending trandline around 0.63 eur. or on a break of the upper trendline around 0.70eur. Once broken we see 1.00 dollar and over.
XRP Short Price BurstsI invested in Ripply when it was around 23 cents, but made a few mistakes where I could have waited and sold it for better returns. RIpple is one of those currencies who have positive correlation bursts all of the sudden. The next few weeks this could be possible given its recent increase in media attention, demand, and speculation. However it is still higher risk for less seasoned investors. When Ripple has a huge price splash that it usually past 35% in a given day, (Think May 17th and negative correlation turn around), a negative price burst can evidently happen in an ongoing cycle. Ripple's protocol is for faster transactions through its system. Overall though, it is highly investible but the type of crypto is short term strategy then reinvesting from time to time. You can still profit long, but not as much and will need to know what patterns to expect.
Ripple... was that just the warmup round???Watching closely here at the end of this pennant which appears to be a massive bull pennant. I was short on this until it failed to crash after such an incredible 3x run, closed the position and currently watching. Keep a close eye on those RSI patterns. Planning to buy in to any breakouts, but watch out for head-fakes.
XRP:USD Is it ready for another FOMO?XRP is stable and it's consolidating for days now on the .236 fib.
The green IDDQD Line dropped way below the oversold Area and the green buysignal popped up. The trend is supported by the blue 50 EMA.
Soon some buying volume and momentum should show up for another FOMO.
Targets: At least 0.90 USD --> 1 USD and really far away 1.3 USD.
Nevertheless the trend isn't strong anymore so it could be possible that the prediction fails!
In that case XRP could drop to 0.55/0.50 USD area.
Welcome Ripple finally ..!! Hey Everyone,
American Express, Santander team up with Ripple for cross-border payments via blockchain.
Payments made by American Express' business customers on its FXIP platform will now be routed through Ripple's enterprise blockchain network
The blockchain project will initially allow customers in the U.S. to make instant, traceable cross-border payments with U.K. Santander bank accounts
Ripple said that its cryptocurrency, XRP, will "come into play" as a means of speeding up payments later on down the line.
"This collaboration with Ripple and Santander represents the next step forward on our blockchain journey, evolving the way we move money around the world," Marc Gordon, executive vice president and chief information officer at American Express, said in a statement Thursday.
Target for XRP until the end of the year with this news :
0.35-0.50
The price is still low I highly recommend to buy ripple coins
I personally have XRP and now I'm going to purchase more definitely.
ITS BETTER THAN BITCOIN ONLY BECAUSE OF ONE REASON THE DUPLICATION THIS COIN BECAUSE OF ITS RATE WILL MAKE MORE DUPLICATES FOR YOUR INVESTMENT.
XRP BTC GAME TIMEAlright, XRP USD has broken all expected resistances, its going up. Now its time to break those on XRP BTC. If it keeps going up hard (which it will) There will be a GOLDEN CROSS MA 50 and MA100 just above the ichimoku cloud resistance that we are powering through. When that happens, its a huge buy signal during a run like this. BTC XRP chart is going towards new ATH also. Get ready...
XRP. Slow- Done, Stable- Done and Violent ?XRP has been very quiet these days with not much of attention even with the 55B XRP escrow and american express making some noise.
By the looks of TA XRP is ready to get high.
Indicators show that it has formed a sweet triangle formation since the last few months on daily candle.
It can go either way up or down.
But, Down looks most unlikely as of now.
On the other hand a boom up is a real possibility by Christmas.
Steady Slow growth of XRP in recent months both encouraged and discouraged the masses by the likes of BTC,LTC and other coins taking off most frequently.
27 cents is the mark to look for.
MACD also indicates that consolidation phase could end soon and XRP could break into bullish mode.
If XRP breaks this levels it might end most likely at around 45 cents.
Please note this is just my study as per technical analysis stand point and must not be considered as investment advice.