The predecessor to the Ripple payment protocol, Ripplepay, was first developed in 2004 by Ryan Fugger,a web developer in Vancouver, British Columbia. The Ripple project is actually older than Bitcoin itself. Fugger conceived of idea the intent being to create a monetary system that was decentralized and could effectively empower individuals and communities to...
Ripple appears to be heading to lower boundary of the ascending channel, will be good opportunity to load on around .50-.70 area if it holds the channel before the next move
Considering that the last couple weeks in crypto has had a bit of bleeding in the markets, let's review my updated chart. First, we disregard the first major rally and consider it was smart money getting into the market. Second, the rally beginning shortly after the start of the smart money entry point, started Dec 12th and ended Jan 4th for an increase of...
Hello Traders! The Correction phase, do not over. We accurately predict, weak decline, then rebound, creation of balance and after that Strong Uptrend! ------------------------------------------------------------------------------------------- Personal gratitude! Yesterday we red one comment from Trader "Gusccbb" ( www.tradingview.com ) , who awared us to be...
Ripple's correction was trading in a downwards channel and was facing major support around 1.6, which if it broke 1.6 would have likely gone lower. Instead, Ripple bounced off support at 1.6 on news of a partnership with Moneygram - and heavy buying started to occur with high volume. Moreover, XABCD pattern indicates bullish bias. All coins have sold off on...
The trend lines are labeled accordingly. I've also included The fib retracement which supports my idea for naming the trend lines of life line and rebirth. pm me if you have any interest of questions.
Due to low volume and market stagnation it will need have a large break low or high to change the current trend. If this does not happen it will continue to bleed and eventually there will be a large sell-off that causes the volatility we want. If no break down, then there will be no run. Expect slow bleed to continue until we hit round and fib numbers where...
Hello Traders! We are going to take Long position. Suppose that, soon the price possibly retest, the nearest 2.40000. Best regards, team traders "Powerful Traders".
Head and Shoulders could be forming, worth keeping an eye on if long. If pattern completes further lows could come. Bearish Bias
13-01-2018 | Technical Analysis | Support Levels | Price Targets | Wedge | Time Frames BITSTAMP:XRPUSD PAST WEEK Ripple has had a bearish past week, falling from the high of $2.75 all the way down to $1.57 before the bulls came in and closed the candle above the support level of $1.87. There was a maximum draw down of 31% (closed candles). It is currently...
Ripple is looking to impulse back upward during a 5th wave, an extended 5th wave can prove to blast well beyond anticipated price targets!
We can see in the chart a pattern: high variation fallowing by a consolidation in midle-term. If this pattern represents, in a far view, a S-curve, we will get a great up! To $4 or $5! Buy now? Better no, wait the value up more or a new good news.
Due to the recent MoneyGram partnership and Ripple's core technology, you can expect some good news. It went down recently in price as well as the crypto market in general due to some Korean regulations and recent negative news. However, the future is still blockchain. We are still in the year where blockchain is becoming mainstream, with the use of these...
Long XRPUSD after breakout of that trendline, Ripple today announced some new partnership, which rocketed Ripple back up, and hopefuly we will see continuation of that trend. Lets see that 3.5$
-Double head and shoulders -Inverse head and shoulders -Giant wedge formation Complex hypothesis based on a contrarian approach: Head and shoulders formation occurs when a market trend is in the process of reversal either from a bullish or bearish trend . Whilst most will conclude the bears are in control we are in a large wedge formation with an upward...