Hi Guys. Here we can see in
XRPUSD
that the price has been consolidating, that is easily seen by the extremely low volume.
We can see here that we have a Descending Triangle chart formation, this is a pattern that can break out either way because of the flat bottom however the upside is favoured as this has shown on multiple occasions to be a strong area of demand.
XRPEUR
.is expect to retrace to the 38.2% and 61.8% fibo retracements levels, these are very strong and well-respected levels.
From a fundamental perspective,
XRPUSDT
there have been rumours that Ripple is looking forward to more improvements, more innovations and more financial institutions and individuals jumping into the story where transactions are fast and available almost immediately with minimal or no fees applied. Also the recent advances with
MA
,
SQ
,
PYPL
and the more recent
PAGS
there is a lot of hype going on.
XRPUSD
that the price has been consolidating, that is easily seen by the extremely low volume. We can see here that we have a Descending Triangle chart formation, this is a pattern that can break out either way because of the flat bottom however the upside is favoured as this has shown on multiple occasions to be a strong area of demand.
XRPEUR
.is expect to retrace to the 38.2% and 61.8% fibo retracements levels, these are very strong and well-respected levels. From a fundamental perspective,
XRPUSDT
there have been rumours that Ripple is looking forward to more improvements, more innovations and more financial institutions and individuals jumping into the story where transactions are fast and available almost immediately with minimal or no fees applied. Also the recent advances with
MA
,
SQ
,
PYPL
and the more recent
PAGS
there is a lot of hype going on.
Comment:
