Ripple has just broken up the 210-day pennant on fiat pair with good volume after having a golden cross on daily. Ratio is still in a falling wedge due to break out soon if bitcoin takes it easy on alts. DMI indicates that bulls are in control. There are speculations that more partnerships will be announced by the year end that could boost the upward price action. Ripple tech is pretty solid and it's only a matter of time before it moons. I have 25% of my holdings on XRP atm and will add more when the ratio breaks up the falling wedge. The pole of the pennant is about $0.36 which suggests the profit target of $0.6 - $0.65.
P.S. Checkout the Swiss army knife we're building for crypto traders on Telegram (t.me/coinographbot) and follow our twitter for upcoming features and signals (twitter.com/coinographio)
Comment
⋅
All weekly indicators of XRP ratio are bull! We can call this market "super bull". DMI is bull, MACD is making a crossover, RSI is above 40 on the rise. And there's huge upside to ATH. There will be a possible pull back at around 6000 satoshi (about 1$) but it should not stop us from longterm investing.