XRPEUR trade ideas
What a beautyfull buy...I have repeatedly noticed fractals on the chart. She's doing another one. The current movement is the same as we had at the level of 0.75 euros. This one should bring us on before June 10 on the 0.93 euros corresponding to 0.7 fib
ps : excuse my english I use more or less google translation :p
Fulcrum bottom complete ! You can wait for the confirmation given by the downtrend breakout to reduce risks, but guys, it look like a text book fulcrum bottom that is a powerfull bottom formation. It can always breakdown but now, 80% that it breaks up as XRP don't go down when BTC goes down anymore. I think it's ready to explode, today or in the coming days. 1 month accumulation guys... It's going to be a big thing. Enjoy August ;)
Will the bears be strong enough to break the support line?The chart speaks for itself. So many bears call for 15/20/25/30 cent basicly based on volume profile. History showes that XRP doesnt give a f*ck about this. In crypto bulls get rekt and bears get rekt. So dont waith to long to get in or you will miss this train.
Big move today or in the coming days !The blue and pink line cross in 2 days. If we break up the pink line I expect a big bull run, If we break down the blue line a big fall. It's decisive for the next weeks. Hold your breath ! :o
The price action of this last month is looking like a bottom so I expect to break up (70%) but a break down is still possible as this market is savage.
Be carefull.
[XRP] A global settlement asset - Retirement by 2021Not investment advice
My "trading" plan for the next couple of years.
XRP tends to move violently during a 30 day expansion period. It extends to the 4.76 fib extension and then consolidates/corrects for 200 days down 83% to previous all time high. On this chart I've plotted the trend to predict a possible path for XRP.
Fundamentally XRP is utilised mainly in the fin-tech software called "xRapid" developed and sold by fin-tech company Ripple. xRapid eliminates the need to hold nostro vostro accounts to provide liquidity. Today these accounts hold $21T dollars globally to facilitate settlement through correspondent the banking system.
Ripple also sells a messaging software called xCurrent which is disrupting the legacy correspondent messaging system SWIFT (1970 tech). xCurrent can source liquidity through xRapid and settle payments in highly illiquid markets in under 2 minutes. This is absolutely revolutionary technology.
Ripple's xCurrent software uses the Interledger protocol (ILP) which is being adopted as a W3C standard for payments routing (like the Internet Protocol (IP) is routing for data packets) the ILP routes payments packets to ANY ledger (bank ledgers, blockchains, mobile wallet and more) no matter the currency. In theory you could use Ether (ETH) to pay for a coffee, if the coffee shop's payments system implements ILP. There is no need for the question "Do you accept Ether?" it automatically routes the payment and exchanges the Ether to USD in a matter of seconds. The Interledger Protocol settles with any currency, but automatically finds the most efficient, cheap, liquid option which curiously enough Ripple believes is XRP.
Ripple employee Ryan Zagone is on the steering committee of the Federal Reserve's Task Force for Faster Payments , which goal is to upgrade the entire US banking system's infrastructure (Ripple/Interledger for interoperability and cross-border payments?)
Chris Larsen - one of the founders of Ripple and currently Executive Chairman - is on the International Monetary Fund's (IMF) Fintech Advisory Group as an advisor (again Ripple/Interledger for interoperability and cross-border payments?)
Maybe I'm going crazy, but I see XRP as the best investment opportunity of a century.
Now back to my 2020 T3 target of approximately €385
XRP solves many problems, but the first big $21T problem is the nostro vostro accounts used in correspondent banking using SWIFT.
€385 * 50B XRP (estimated circulating supply) = $23T market cap
I'll just leave it at that.
- Cryptocamp
Not investment advice
Ripple buy opportunity RR=2.5Price is at and old weekly strong support tested many times .We have a bullish gartley pattern (pattern in purple) the D point has been tested twice ;Price may go up in order to test pevious important levels . I think trend will keep bullish for few days and may be for weeks . First potential target 0.6 (the 0.5 fib retracement of the last downward movement in orange) if stop losss placed at 0.42267 for this target you get a RR ratio=2.5
XRPEUR - Target .416?The correction (wave 4) we are in right now must be from wave 2-3 to reach a proper fib level of .382.
This far I can only count 3's withing the 4th wave indicating it must be a triangle.
Looking at fib extensions on bigger timeframes show confluent ranges around .417 - .421.
Also projecting the first wave as a possible ending 5th wave will result in more confluency around these ranges...
XRP LeakingMore pain on the horizon as the BTC plays out. The excessive exuberance of Nov/Dec 2017 is being corrected in this bear market. We won't be out of the woods for quite some time but that doesn't mean bottom fishing isn't far away, just don't go expecting instant massive gains. I can see XRP returning towards it's baseline then starting a new upward grinding trend. I'll be patiently waiting.