XRP Long term Bullish
Ripple is by far my favorite crypto Investment I own today. I play both short time and long term in this pair because I believe it is a safe haven for this very volatile market that is still in a speculative state. Over time Ripple is showing strength in accumulating a market to connect two paradigms together.
Charts are showing a strong support at around .30 cents. Anything can happen in this market so price could still slowly drop back to .25 if it breaks down and holds below .30. If .25 is broken theres a very good chance we will see the 52 week low of .15 cents..to me this will happen when a major dump happens with BTC. Even though the market is slowly decoupling from BTC, BTC seems to still effect XRP just not as hard as other pairs ...Risk is set with a .05 cent difference with a possible gain ratio 2:1 or 4:1 @ .40 cents for TP1 and .50 for TP2. If you look left you can see the bullish run we recently had and a recent pullback down to where it took off. If price begins to show a nice second bottom here or bullish impulse on volume this will favor this idea. Good Luck Traders!!!
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Fundamentals that could help this idea over time
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.:. Bullish News .:. Ripple’s co-founder stops dumping his XRP bag from second half of January 2019 lining up perfectly after the recent bullish jump.
SOURCE 1// coinhub.news/cs/article/ambcrypto-ripples-founder-stops-dumping-his-xrp-bag-from-second-half-of-january-2019
SOURCE 2// forbes.com/sites/billybambrough/2019/01/31/ripple-ceo-sends-xrp-soaring-boosting-bitcoin-and-ethereum-heres-why/
.:. Bullish News .:. The numbers of companies which are using the Ripple protocol in order to move the money around are increasing with currently 200+ banks signed onto ripple protocol xCurrent. This design is connected with the option to use xRapid for settlement purposes (when needed). Swift mentions how their technology is backwards compatible and Ripple's CEO Brad speaks of moving into a "New World Order" of money settlement. This interview screams to me that likely we will see money easily move between both the old networks and new networks. This is a very good interview I recommend all my viewers listen to.
SOURCE // youtube.com/watch?v=SRoCGr4cess
Charts are showing a strong support at around .30 cents. Anything can happen in this market so price could still slowly drop back to .25 if it breaks down and holds below .30. If .25 is broken theres a very good chance we will see the 52 week low of .15 cents..to me this will happen when a major dump happens with BTC. Even though the market is slowly decoupling from BTC, BTC seems to still effect XRP just not as hard as other pairs ...Risk is set with a .05 cent difference with a possible gain ratio 2:1 or 4:1 @ .40 cents for TP1 and .50 for TP2. If you look left you can see the bullish run we recently had and a recent pullback down to where it took off. If price begins to show a nice second bottom here or bullish impulse on volume this will favor this idea. Good Luck Traders!!!
-----------------------
Fundamentals that could help this idea over time
-----------------------
.:. Bullish News .:. Ripple’s co-founder stops dumping his XRP bag from second half of January 2019 lining up perfectly after the recent bullish jump.
SOURCE 1// coinhub.news/cs/article/ambcrypto-ripples-founder-stops-dumping-his-xrp-bag-from-second-half-of-january-2019
SOURCE 2// forbes.com/sites/billybambrough/2019/01/31/ripple-ceo-sends-xrp-soaring-boosting-bitcoin-and-ethereum-heres-why/
.:. Bullish News .:. The numbers of companies which are using the Ripple protocol in order to move the money around are increasing with currently 200+ banks signed onto ripple protocol xCurrent. This design is connected with the option to use xRapid for settlement purposes (when needed). Swift mentions how their technology is backwards compatible and Ripple's CEO Brad speaks of moving into a "New World Order" of money settlement. This interview screams to me that likely we will see money easily move between both the old networks and new networks. This is a very good interview I recommend all my viewers listen to.
SOURCE // youtube.com/watch?v=SRoCGr4cess
Nota
double bottom made but look out for a descending triangle to .25 this is critical if our buy runs out of steam.Nota
.30 holding strongNota
Typo above 52 we low is 0.2478 ( I meant to type .25)
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.