Big news today for Ripple holders or should I say "hodlers". :) American Express is joining Ripple’s blockchain network to provide real-time, business-to-business global payments that will ultimately enhance their customers’ experience. It is the latest company to become a member of RippleNet, joining the ranks of Credit Agricole, Airwallex, Cuallix, and more. That kind of news XRP needs to get of the triangle pattern that has been building it in last fee weeks. If we get a clean break from here on, XRP could go to ATH. My first target is $0.3. I want to see second green candle on daily chart, then we are set for a huge gap up. Stay tuned for update.
Buying up to .30 but rather buy on the dips from here to that point
williamdinh
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What is the entry point? Many thanks for your analysis
Tilen_tradershub
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@williamdinh, I expect some consolidation on upper trendline. There should be enaugh support - around $0.24 level, if for some reason (because overall pettern is still bearsih-descending triangle on weekly and daily chart) tests again the last support under at 0.21, its a strong buy.
MOHAMEDSHAMS
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@Tilen_tradershub, What is the entry point? Many thanks for your analysis
Brazilian1337
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@Tilen_tradershub, still looking for 0.21 support and then 0.30 resistance?
cyberholz
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@Tilen_tradershub, Despite this news, instant selloffs after each rise keep XRP down... Or you think these are natural moves?!
Tilen_tradershub
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@cyberholz, true. It became kind of natural pattern on XRP. It happened many times in last months. I counted at least 7 times...huge gap up, then consolidation and move back to support. XRP is not in bullish pattern, that’s for sure. Weekly and daily charts are still showing bear sentiment, but however we are moving to the last corner of triangle and this could change picture. As long as support holds, anything here is a buy. XRP is one of few coins left in top 10, that are not even close to all time high right now. Its building momentum, but slower than on other coins – I think that’s because its in bear pattern since mid-May when it reached 0.37$ and holders are going to other "rising" cryptos.
cyberholz
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@Tilen_tradershub, Thanks Tilen. It's a huge triangle building, you got any timeframe?