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CarpeMomentum

XRP slowly blooming and reaching for $0.28 and $0.30 ceiling

Long
XRP (BITSTAMP:XRPUSD)  
CarpeMomentum Updated   
BITSTAMP:XRPUSD   XRP
Trend Analysis Fundamental Analysis Beyond Technical Analysis
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trendanalysis fundamental beyondta
Ripple (XRP) number 4 by market cap has been rather reluctant to let the bulls out of the gates. Against to Bitcoin (comparison chart on the bottom) it has continuously been losing value to reach all-time low territory. Against the USD it managed to break out the descending wedge and has been on a steady uptrend channel. The resistance level at $0.28 and $0.30 may be a ceiling. XRP has to generate some momentum and start it alt cycle against Bitcoin if it does not want to pushed down in the Top 10 cryptocurrency by market cap. Given BTC current battle with reaching $16,000 Ripple will have to start generating some momentum of it's own. Ripple has lots of room to the upside after it January 2018 highs. It's been rather weak compared to the DeFi market. Less hype means for right now less explosion in trading value. Ripples business case remains solid for reference have a look at: ripple.com/insights/...-xrp-markets-report/
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