XRP making a run for it? Post SWELL lows stopped higher than expected, establishing a relatively stable floor around $0.20. We've had a long period of accumulation, and adoption + transaction volume have been quietly climbing.
Potential bullish confirmation, breaking the pennant on Bittrex. Not quite on Kraken, but getting close.
Price targets still are still in place from previous analysis, linked below.
Not trade advice, DYOR. I don't really have an 8-ball, relax.
Trade active
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Still looking good. Looking really good.
More on the FA front... Partnerships to be announced soon and not just with banks. They Chief Cryptographer, David Schwartz aka JoelKatz, has confirmed new unannounced partnerships. No specifics yet since they have signed NDAs.
Nice retracement after hitting our first two targets. Great time to start accumulating more with those profits. I fully expect XRP to gradually climb over the long-term as more partnerships are made and transaction volume on their network increases over time. Throw some of that spare XRP profits onto a hardware wallet and HODL it.
you're long, i'm thinking short. we'll see what happens once it bumps up against resistance again
CryptoNoName
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@nick.admire, I don't think our calls are all too different. It could come back down to $0.195 for continued consolidation/accumulation and still be trending upward in the pennant overall. Really we just need some bullish news to trigger a breakout, which I feel could within the next few weeks - just a feeling with all of the rumors starting to pick up. We'll prob go pretty sideways and/or continue our slight uptrend in waves until that news breaks.
I do think anything south of 0.19s is unlikely, I feel like we've established a fairly solid floor, and again, have some rumors starting to swirl (or should I say swell).
dzidzumidzubtc
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Oh that kinda sucks that u dont have 8-ball, i just wanted to buy your "balls" instead of goddamn xrp :D chears m8, and btw great analyse ;) all the best wishes!