Ripple is showing strength with demand coming in the zone 0.50-0.75, could be a game changer for crypto traders with high return potential.
Levels as mentioned on the chart
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Ripple is a real-time gross settlement system, currency exchange and remittance network created by Ripple Labs Inc., a US-based technology company. Wikipedia
Initial release date: 2012
Original author(s): Arthur Britto, David Schwartz, Ryan Fugger
XRP, 2017 price action pattern play outs and coincides with current price action pattern. Currently we have completed wave 6. It looks like sheet music just as printed form of musical notation. lets have a good tune to it ;)
please refer the chart try to accumulate above blue line till than its in down trend if crossed the trend line than wait for retest.
dull currency couldn't expect much as of now.
Till than you be short here because Stop loss is small and targets are big and so should take entry accordingly.
Sharing something I observed while experimenting with Fib circles on the XRPUSD chart:
T1: 1.886 Fib
T3: 5.886 Fib
T1: 1.886 FIb - done
T2: will be get 3.618 Fib top around $9? Let's see!!
ELLIOTT WAVE ANALYSIS: All observations are clearly indicated in the chart.
Elliott wave is an road map to identify the direction of market.
Wave "A" : wave A completed
Wave "B" : wave B completed
Wave "C" : Wave C completed.
Wave "X : Wave X now running
Kindly hit the like button to forecast the chart like this further
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XRP has been in this channel for years and people have been frustrated for XRP to make a move for about past 6 Months now, I see formation of CUP and HANDLE Pattern on Weekly chart, Break that and see you at 3$+ XRP and Also if people started to FOMO in regardless of Settlement, 10-13$ is my Conviction. LETS GOOOOOOOOOOOOO!
the current pattern above previous long term support resembles the inverse Head and Shoulder on higher tf.
once xrp is able to flip 1.3 this will going to be insane for run. also there are many major partnerships happening rn and also mastercard is one of partner with ripple.
The Ripple project combines a remittance network and currency exchange. The project is based on a system that allows all kinds of financial operations and can be viewed as a decentralized exchange office that uses a consensus process. Trusted networks and gateways allow the system to handle the exchange of almost any asset and eliminate the need of conversion.