XRP at bottom of Range. for BITFINEX:XRPUSD by AschraM

As our run was good it was short lived and denied at .35 we got a double head rejection at point 3 to a drop at point 4. I am looking for another push to .36 and this will be critical as we could very well head down again. We are in a bearish flagging range formation now and if XRP can pop back up from this bottom range we will have the run again. If it breaks lower below it this idea is cancelled and shorts will take over down to .28. I would protect any day trading xrp if this happens. long term holders keep holding.

Technicals:
Many double bottoms with yellow circles. False head n shoulder break low leading to more buyer accumulation of an extended right bullish descending channel that pinched into a triangle. Triangle breakout back up from .30 to then break out again and now we are looking for another leg up out of this channel into the right blue box making a right shoulder of this mini pattern.. Price can always range within the white trend lines until breakout or go straight up. Lets wait and see.

///Bullish news
New news:

MercuryFX uses XRP very well banks are getting a cheaper price in right now

COIL gets video streaming platform added to it

Vitalik tweets his thoughts on XRP vs BTC

///Negative News: Forbes throws out a bad name for XRP but Brad G. stands up with a fighting comment to JPM coin.

JP Morgan recently launched its own stable coin after criticizing the crypto world for years. This has generated a lot of buzz and debate whether the JPM coin is a part of the crypto game or a different digital entity.

On February 14th, the financial institution JP Morgan launched its digital coin which would provide liquidity to its customer for making cross-border transactions. The coin’s value will be pegged against the US dollar, and thus earning the name stable coin. JPM coin functions quite similarly to that of XRP in the Ripple’s xRapid service. However, the similarity between the JPM coin and cryptocurrency ends right there.

JPM coin might look like a cryptocurrency but apart from its digital form, there is no similarity between the two concepts. First, the JPM coin would only enhance the internal transaction system and won’t be listed on the trade market like any other cryptocurrency. The coin cannot be used as an asset, or store of value or a form of exchange.
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from last idea
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SBI CEO gives his opinion on XRP again

News comes out about the recent bullish runs

Analysts don't see the run quite over yet

2nd largest bank completes block chain tests

News on regulatory horizon for the EU

University expansion still happening. Many more to be added this year btw also

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