CryptoNapp

Ripple is preparing a wave, and not a downwards one

BITFINEX:XRPUSD   XRP / U.S. Dollar
Hello everyone, this is my daily crypto analysis, and this time we are looking at Ripple (XRP).
XRP recently found a great support in the 100 moving average on the hourly chart, and has great support point bellow it as well. It has been consolidating and preparing for a spike up for a while, though due to BTC rising, the volume fell down a bit (but if BTC starts going sideways, boredom traders will hop in soon enough into alts). The fundamentals of this coin are questionable, since many people question its inclusion in the deals made with the company, as well as the coin itself being centralized, but nevertheless we can see a semi bullish pattern forming around XRP.
If it gets enough volume in the next few days, we can see XRP spiking to the next resistance level , which will most certainly NOT be surpassed, due to the strength of it. If we look back a few days, weeks or even months, we saw the resistance point holding strong (the red circles i drew).
My call would be bullish up to the resistance point, but only if XRP finds support at the 4h moving average on top of all this, which would give a nice 20-30% upwards swing.
Comment: As expected, XRP is consolidating, and bounding off the support zone.
"since many people question its inclusion in the deals made with the company, as well as the coin itself being centralized"

xCurrent is the basis to get more and more partners, the upgrade to xRapid is an easy step that comes afterwards. When the partners and banks see that they can save 20-30% more money when using xRapid with XRP instead of xCurrent, then they will jump on the train!!

And XRP will be even more decentralized than bitcoin!
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CryptoNapp Creation2017
@Creation2017, in hopes of knowing more, how will bank acceptance of XRP decentralize bitcoin? It will be used for bank to bank transactions, and no where else. So it doesnt leave the banks? Currently, it is what it is, but let's hope for the best.
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Creation2017 CryptoNapp
@CryptoNapp, https://www.coindesk.com/ripple-papers-promise-new-start-for-40-billion-xrp-cryptocurrency/


How can you know that i will be used nowhere else? People said it will never hit 0,2 Dollar, it will never hit 1 Dollar, it will never be used by a single bank (and indeed XRP did everything of that).

I dont know how you can exclude other usecases apart from the international payment between banks. XRP is highly scalable and has a great team behind. Just wait for a few more months or years.
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CryptoNapp Creation2017
@Creation2017, Well then where can it be used? If it reaches the level of decentralization of other coins, then i'm all up for it. So far, i see a bank coin, but i have no bias towards or against it, i trade it nevertheless.
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Creation2017 CryptoNapp
@CryptoNapp, I would prefer to ask where it can't be used in the future?
If it would become an adopted "bank coin" then the upside potential is incredible big.

Yeah most people here are trading with the Technical Anaylsis, but im always missing the Fundamental Analysis. In front of all now when Ripple is reaching a critical mass of new Partners :)

And Moneygram im asking myself if moneygram is a real Bank....^^ otherwise we have already found a good example
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