• Climbing towards trend resistance. •Currently undergoing Elliot Wave Wave 3 • MACD is looking positive and has room to grow. • Higher support levels • IBM Partnership • Sharia Law Compliance Announcement • Most recent price action climbs/dips coincide with FIB retracement levels • Forecasted FIB Extension coincides with previous resistances/support
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only. it should not be considered financial advice***
if this is an over all 1 wave, i can't tell if its on its 3 leg within that 1 wave or the 5th leg.
Matabitcoins
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will it surpass XRP as far as satoshi value?
ZpaceBuddha
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@Matabitcoins - Given the current trend of both XRP and XLM individually, I would say yes. But I think they serve two very different functions. One seems to be adopted by private/public corporations and the other by financial institutions. At the moment XRP is priced 40% above XLM, and XLM from what I can see, will consolidate between .000035 and .000040 SATS. However, XRP is LONG due for a correction and its next stop should be at around .000078147 SATS which was a previous support (which in turn could become a resistance) if that particular resistance is broken, next stop will be at about .000090 SATS. Give or take. Placing it at double the value of XLM.
HOWEVER....
You have to keep in mind that the circulating/max supply of XRP is DOUBLE than XLM which could potentially give them a more or less the same market capitalization when all is said and done; and only if what I wrote above holds accurate.
Good luck!
Matabitcoins
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@NikGibler, nice, I would be static if XLM could reach $.50 USD by the end of the month