Nice movements on Ripple the last couple of days. We hit the 0.30$.
Charts: Right now we are at the monthly Support Resistance Level. When we will see a break of this level we can expect that Ripple will explode to the upside.
Previously we broke out of the Falling Wedge, retested it + we grabbed some liquidity exactly at the daily Demand Zone. The same Area is also the Neckline of the W-Formation. As you can see those are several Confirmations for movements to the upside. The last thing that we want to see is a break of the monthly Support Resistance. After the break the first target is the 0.50$.
Those Targets are within the Pump Nr#1. As I already explained it to you in my previous analysis I do expect Ripple to go up in #3 Pumps.
Fundamentals: Ripple is a very good company. It has a system that allows banks to transfer big amount of money very fast and with very low cost. The system is already used by a lot of banks. Also we got big PayPal Release. They are using Crypto for Payment. This will allow all people a very easy way to buy and transfer Crypto.
Emotional: During the Crypto Bull Run Ripple has reached 3.00$. Afterwards it made a big correction to the downside. Almost 97% Correction. This is why a lot of investors are very emotional when it comes to the future of Ripple. They do not believe in it. But why do we need to believe in this company? The company is very good if we got a look on the data and if we are thinking in an economic way. Also every market needs a correction as they can not always hold and gain in value all the time.
Correlation: Cryptos are very correlated. But they are not moving at the same time to the upside. This is very good. Because it will allow you to invest with good confirmation in a cheep market. Ripple has the biggest opportunity. With only 0.30$ right now you will have very good % growth on your investing balance. Just look on Bitcoin right now. +70% the last 2 months. Insane movements.
Conclusion: Think about this incredible opportunity. I already talked/wrote about Ripple when it was 0.23$
Interesting Analysis !! Looking forward for more about XRP !!
DariusFxTrading
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@AnythingPossible, thank you, yes of course ;)
FaRu
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XRP weekly (mid july - mid nov) looks like the daily BTC (mid july - mid oct). Earlier or later the pattern will play out. I guess a little more patient is needed and the investment will have a great ROI in the midterm. Thanks for your post. Good work.