GioPonti
Long

Buy & Hold. Target Price 0.62$

BITSTAMP:XRPUSD   XRP / U.S. Dollar
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Atm XRPUSD is weak. It has already been rejected by MM 200 multiple times and MACD does not show any reversal signal: still, its price action is unpredictable. Given its tendency to unleash energy suddenly, it could be a long term buy opportunity. Beware: XRP is characterized by extreme retracement. If you are looking for short term trading, it would be better to ignore this currency. You can alternatively wait for the XRP crossing MM200: a descending triangle remarks a bullish opportunity. Be patient, it will pay out.
@hypercraft, @GioPonti, thank you very much for the insights!!!
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Fire in the hole?
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GioPonti go8686
@go8686,
Kind of. If you also look at the previous rallyes, XRP has been rather "anticyclical", just hoping market doesn't turn deeply bear again. XRP jumped to 0.65$ in September under worsening conditions (especially some altcoins performed badly in that period).
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lets take xrp to 62
+1 Reply
agree with you.
This coin is to huge, to give any prediction.
Printed pattern doesn't show any future pattern easy to understand.
For me looks like, by next pump it will try to be nr1 crypto and never come back to position two or behind.
0.52$ should be easy target but more like li 2$ is coming in coming weeks
+2 Reply
Sidney-CWB hypercraft
@hypercraft, why do you think that? Because of the banks?
+1 Reply
hypercraft Sidney-CWB
@Sidney-CWB, it's most adopted coin, more than btc. and it's loosing on dominance.
Just look 1 year ago, btc 8300$ ripple 0.89$ , now btc 5200$ ripple 0.33$.
ADA, TRX, LTC,ETH, NEO everyone came back now to a better dominance in $$ at least 6 months ago.
Next step is near to 2$ would bring it back. But we will see here few resistance level, beginning on 0.42-0.78$ and way is free up to 2$
+2 Reply
GioPonti hypercraft
@hypercraft, @Sidney-CWB

Hey guys, thanks for your comments. Follow this link for some useful charts: ht tps:/ /xrpcharts.ripple. com/#/metrics

If you are counting on a broad adoption of XRP, then look at them. At first glance, I am bit worried about on chain transactions, though. Let's see what the future will bring, still very low volume may lead to another volatility squeeze and finally to a breakout
+1 Reply
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