WBM_Team
Long

Ripple – XRP – a bit risky but potentially very profitable

BITFINEX:XRPBTC   XRP / Bitcoin
Hi Traders!
Today we got the bunch of very very positive info regarding the development of Ripple and XRP.

Here are they:

• The Bill and Melina Gates Foundation announced its partnership with Ripple in order to expand their financial help to poor parts of the world. They say these countries have poor payment infrastructure but another case might be these countries are terribly corrupted and lot’s of the money stays in the bribed organizations which claim to be a proxy between the foundation and the person in need. That is our point of view.
• Nexo platform announced they started offering XRP-based loans which are actually great and big news!
• Omni shared- economy service, which enables people to rent their unused stuff such as guitar or bike has just announced their support for XRP. So right now if you bought a bike but it is collecting a dust you can now earn some money and rent to someone else. This by being paid in the app of Omni with USD or XRP. How cool is that?

Here are technical analysis details:

Ichimoku Cloud - the price has crossed TenkanSen on the daily chart and we are above the cloud. They both are very good news.
• Weis Volume – we need confirmation of decreasing supply and increasing demand
• Local support line – looks like we can have a correction to 0.00006800
MACD – unfortunately, the bear cross is about to happen
• 1st target to break is at 0.00007500
• 2nd target to break is at 0.00009600 – above this level means we broke the previous peak and we are going north

If you decide to enter now set your stop-loss at 0.00006700.
If you want a safer and less profitable trade wait till we cross 2nd or at least 1st target.


Thank you for all the comments and many private messages from you.
YOU ARE GREAT! Don’t forget about that.

Massive Hugs!
WBM Team
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What a write up, this is 10 times more useful for us than the charts with no explanation in words (: }
Thank you.
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