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kier.hetherington
Jun 6, 2018 6:28 AM

XRP Wedge Long

XRP / DollarBitfinex

Description

Similar to my analysis of BTC, XRP has been moving in the same compressed way since December highs, and a breakout looks imminent. Technicals aside, fundamental explanations for a bullish outlook include:
- Santander's introduction of OnePay FX that is powered by Ripple technology
- SBI's BANK-backed exchange is now live, with XRP being the first currency traded
- XRP is favoured and being adopted by many financial institutions and banks due to its rapid transaction speeds that optimise institutional efficiency.
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