RIPPLE LONGTERM XRPUSD (XRP/BTC*BLX)

Ripple Long-term

Ripple's initial pre-trial conference with Judge Analisa Torres is scheduled for February 22nd, 2021. Interesting to see whether the price will dip or rise after the initial court case. However, easy for Ripple to come to a settlement.

Technicals:

• Bullish divergence on weekly MACD
  
• Price hit Gann Line Resistance
  
• EMA Cross on Weekly
  
• BBand Expansion
  

Target

Target 1 +- 3.5 USD/XRP
Target 2 +- 6.8 USD/XRP
Target 3 +- 11 USD/XRP
Target 4 +- 22 USD/XRP

Comment:

A breakout above the 3-year descending resistance line and 0.85 USD horizontal resistance. BTC.D Dominance is about to drop as other coin prices and therefore their percentage of the market increases.

Ripple has recently acquired a 40% stake in Tranglo (SE Asian cross-border payments company)

Mercury (International payments/remmitance specialist) will start using RippleNet’s On-Demand Liquidity (ODL) service and the digital asset XRP to reduce the time and cost to significantly send money between other countries and South Africa

RippleX Platform allows developers to integrate RippleNets ODL into media, gaming, payment apps

SEC FUD news helped shake out weak hands from the market. We're now ready to push towards previous ATHs and beyond.