What? do you think this whole Blockchain idea is going to be forever "decentralised"? Well, think twice. Introducing Ripple, a bankers idea to compete with Bitcoin . I see it as a very good competitor but it definitely has to prove itself. I will write more about it in another update. For now, enjoy the ride.
It's going higher than 12000 I think, but at least that's the first target I see.
P.S: Poor Bitcoin, a DEATH GARTLEY has come to take it down to hell.
Good luck!
Disclaimer: As usual, this is not a perfect prediction. Don't put all of your money into it. If you don't know how much to put, you can learn how to hedge properly by using common sense and a search engine. I will be posting updates as I have been doing in my previous posts. If you earn good profits, please donate some to keep me motivated! You can find more info at my signature.
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A better first target would be 6000 SAT. We'll get to 12000 maybe in about two weeks or maybe not. We'll see. But 6000 SAT to begin with is a good TP.
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Seems to me we're about to pivot around midnight (UTC-5):
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XRP seems ready to go up:
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Ready to pivot up!
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I actually completely remade my graph. I figured I wasn't properly reading it so here is the new version:
This is how I think it will behave in the following days. Let's see what happens!
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Seems like XRP is ready to go up.
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Seems like a trend reversal incoming for XRP once we touch the next Gann fan level:
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Now it does seem ready to take off.
TP: 5000-5500.
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Testing support.
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BitPumper is here! Let's see what he can do.
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Is it ready?
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It's working! Will it last long?
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... what is it doing?
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BitPumper seems ready for a huge surprise.
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BitPumper started to hammer XRP up!
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BitPumper seems to be doing his job so this baby is going up. I'm not sure if we'll retrace a bit at this point. It actually looks kinda bullish to me.
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BitPumper seems confident XRP is bullish again.
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Breakout seems to be taking place within the next 24h.
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BitPumper can't stand it anymore. Breakout is imminent.
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Changed the chart a bit to accomodate to the actual trend.
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Not going down anytime soon ;)
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It went down further than I expected. Weak hands are scared at this point. But if you look closer...
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Maybe... maybe...
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If this wedge fails, I'm probably out of this trade and call it failed.
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Another perspective for those weak hands scared about Ripple right now.
It could be ready to bounce from that fan level. Let's keep an eye on it!
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This could retrace down for another move up.
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The updates for this idea will continue in the following chart:
@RoxN, haha it can still keep going down too...weakness everywhere
ahmetcantasci
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All hail bitpumper!
vincetCM
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There are too many purchase orders in 3 days.
There is a group that resists the rise in the face.
Nice analysis, congratulations.
etrade30
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thanks for the analysis.
Alien91
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I truly believe that the fiat system is dying, and they see the blockchain as one of the death nails. They figure that they can't beat it, so they might as well join it. There is opportunity, for those who are paying attention, to make some nice profits off of their effort. Good analysis JS.