No more running XRP. Time to decide wtf you are doing with your life.
XRP is approaching the end of its decsending wedge. Will it break up? down?... or will it consolidate?
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Huge increase in volume in the past few days for the 20% or so breakout. There was an increase from 250 million on the 18th of September to a peak of about 715 million on the 19th for 24hr volume. It has since retraced to around the 500 million mark.
Seems there is a pause in the increase of price. A period of consolidation, which is almost appearing like a bull pennant on the lower time frames
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Could see another continuation. Pause in the price increase and volume. Will be looking for the volume to come back in order to do so
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Target was hit for a quick gain. Could be Double Topping right now
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Woops. I just realised I posted my XRPBTC charts here. My bad. Ignore
My humble opinion, consolidation for a few weeks, then it will go up, there was already a lot of correction and strong this year.
NoobOfTheMonth
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Looks like XRP made a clear decision.
spurls
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@NoobOfTheMonth, It does. It's looking bullish. Testing a strong resistance zone at around at the moment at 35c. If successful this could just be the beginning of some good gains. Time will tell
tradeformula
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Looks like we have our answer!
spurls
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@tradeformula, Haha, yes we do. Now we see if it's going to sustain itself
tradeformula
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@spurls, Agreed. Could be a fake out, but something tells me from a fundamental perspective that we'll see a number of announcements at Swell, as Ripple won't want to replicate the failure of last year's event
spurls
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@tradeformula, Yeah Swell will be interesting. There are rumours of xRapid being launched at the event which could have been the reason for the breakout, although i'm only speculating. I wouldn't have been surprised if it continued with the downtrend but you're right, the breakout does seem to align just in time for Swell.
NoobOfTheMonth
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XRP crawled out of your wedge like a half-dead frog... now what?
BMLemon
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I think it'll break down. The Lambo kids are in full effect on XRP and it is going to be what some expect it be, more are going to have to get burned before it booms again. If it breaks below .13 it's a free-fall to .08 and that should be enough to shake off the moonboys...maybe even a good ol SEC scare too
DaSmooth
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@BMLemon, the Lambo kids already lost fate during this 9th month bear market and are just seeing their Lambo standing in a Lambo garage like the rest of the people. The Lambo will come to those who know how to ride out trends. It can still go lower but the bull run will be one as never seen before. Ripple took another big step into real life adoption this week. Smart money, that's all we need to understand.