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cptOats
May 10, 2019 6:52 PM

XRP 2x + bounce incoming Long

XRP / US DollarPoloniex

Description

XRP Bounce - XRP BTC and XRP/USD

5 months have been extremely quiet for XRP with volatility very low after a lot of 2018 fall hype.
XRP has been hugging the $0.30 price and is being dubbed the next stable coin.
Supply & Demand imbalance appears equal...

  • ADA/BTC Chart - Weekly: oversold and 200 SMA at ~₿0.000046, bullish daily divergences
  • ADA/USD Chart - 2 Year horizontal rising support trendline at $0.28, large manipulated triangle breakout

    Targeting ₿0.0001 / $0.60 for 100% gains in the next few weeks.

    Resistance - ₿0.000075 / $0.50 at 200 Day SMA + 50 Week SMA / 50 Week SMA.

    Higher targets (red lines) if Ripple's Xcurrent 4.0 integration of Xrapid is successfully adopted (AKA Brad flips the switch).
Comments
cptOats
See also: XRP / ETH Falling Wedge
cptOats
Edit: I realized I wrote ADA/BTC and ADA/USD I meant XRP/BTC and XRP/USD. Copy paste mistake!
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