IvanLabrie
Long

XRPUSDT: Uptrend still active in the long term

POLONIEX:XRPUSDT   XRP / Tether USD
We have been accumulating $XRP positions lately, and now awaiting the breakout by the 26th, courtesy of potential announcements that will take place during the European Money 20-20 conference, and/or the interledger meetup in Geneva on the same day.
Here are some links:
https://www.meetup.com/Blockchain-Meetup...
https://www.xrpchat.com/topic/5608-rippl...

Potential upside is tremendous, as derived from the T@M signal on chart. I expect the rally to rapidly progress after the 26th.
Best of luck if joining me and my clients on this trade.

Cheers,

Ivan Labrie.
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After tomorrow's daily close I can determine at what price to add to longs confirming the breakout during the 26th.
Comment: $XRP is acting strong, now showing it is accumulated and ready for a move anytime soon
Trade closed manually: I think now is a good time to exit with a bit less loss...very real risk it tanks to 7 cents.
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Comment: This might help others:

"Squids IvanLabrie 4 hours ago
@IvanLabrie, Hi, Ivan, great respect for your work and skill. I wondered what you thought about over half the XRP supply being committed to be put in escrow by the end of 2017. First is that as bullish news as it would basically suggest, second how would the TA prepare us for how the price will react to the news, and/or is it in the time coming up to the news that market sentiment will change and that will be reflected in the charts?
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IvanLabrie PRO Squids just now
@Squids, this is already priced in by the market. It has acted weak despite seemingly positive news, and now underperforming even when there is no mining supply, only the XRP developers gradualy selloff. I think it is a cash out scheme for their coin, it doesn't look like XRP will actually be worth anything in the long run. I'm not buying it again, performance vs BTC and EUR is not good now, that is a signal of weakness, and can be seen in many alts.
After all, my goal is to perform equal or better than bitcoin, otherwise, why buy altcoins? Now, ETH is performing good, and BCH is also interesting to trade back and forth. XRP, largely irrelevant. Don't be caught up bag holding alts just because...not good."
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Is this currency fundamentally strong? The company can control this currency, so some people think it is dangerous to hold.
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Nidalas akiraakira
@akiraakira, That is the reason of the price bump. They kept their promise made in march and few days ago they locked up their share of XRP in an escrow, impossible to sell, slowly released over 5 years. They also announced two partners that will use XRP and not only ripple protocol. Rumors talk of companies as big as Amazon or Uber, but who knows.
It is both a "buy the rumor" and huuuuuge fundamental change at once
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@Nidalas, confirmed to use XRP?
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Nidalas IvanLabrie
@IvanLabrie, Nope friend, I wasn't clear enough, my bad
The only confirmed thing (david schwartz) is two "big household non-banks names" to be announced in one message, and "friday 5pm" messages during Q&A. The latter could be a replied joke to "when moon? :)". Still, the rumor has that those household names would use xrp (xRapid). But nothing confirmed, pure speculation.

"buy the rumor, sell the news". Still, the escrow is a fundamental change big enough to propel xrp very high. Accumulation and downtrend was big enough for a huge upside

Still, use of xrp is bound to happen, as they are not dumb enough to sit on such a gold ticket
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update?
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sjesul IvanLabrie
@IvanLabrie, thanks
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@IvanLabrie any updates on this given the recent bull run?
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@janor123, hi!

I think it has been strong but it might be a reaction to the weekly downtrend I had plotted ending. There was a 6 week decline signal in the BTC ratio, fell for exactly 6 weeks and then turned around. It can return to the starting point of that decline (red box, check charts in updates). Higher than that is doubtful.

I'm not in it, mainly because ETHXBT offers more upside to me, having bought at 0.06887.
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Miners hate XRP, it threatens their business but there will be no stoping it. Way to advanced tech and positive fundamentals

https://www.cnbc.com/2017/07/21/ripples-xrp-digital-currency-rose-3977-percent-in-the-first-half-of-2017.html

https://www.youtube.com/watch?v=u9Ev9cUFFDw&t=1s
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