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Papou
Nov 12, 2017 10:16 PM

XRP jack the ripper alive Long

XRP / BitcoinPoloniex

Description

Right now what we are witnessing is all the new money that has come into crypto this year not wanting to exit and consolidate in all the top 10 alts which provide the liquidity for it. XRP is the last one left that has entered an amazing accumulation zone and we are beginning to see volume step in. Bitcoin was necessary to correct however the new money coming in doesn’t want to leave Crypto; it would be completely counterproductive to our progression. The lower alts aren’t liquid enough for multiple million dollar positions to flee to, so the only play people have are the Alts over 1 billion market cap. With all its major established banking relationships as well as huge volume and market cap, Ripple is an amazing choice for large capital speculators. If you have not bought in the ideal buyzone, next option once again would be to support the 0.5-0.618 of this move. With a weekly cross and all hightime stochrsi showing momentum stepping in, I would expect this one to be next.

Comment

Also note throughout Bitcoins run, XRP has been defending the 0.20 cents zone aggressively.
Comments
mofexn
tradingview needs more analyst like you, always top quality analysis :)
Papou
@mofexn, thank you for the kind words
jctst
Please share more of your views on XRPBTC, really love them..!
Papou
@jctst, I will once the market gets active and we can play the swings. for now its in accumulation mode
tubay
thanks for the analysis... sir... keep it up please
Ginossim
Can I buy with usd?
sebastian.soik
BTC's correction is not over.
Buy in for Ripple at 18.3, leveraged positions after buy confirmation at about 20.5 .
agree?
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