For those who have missed the entry or for those who whish to grow their position in this stock, 2.50 USD seems a great entry point to me !!
Volume is very high at this price, offering strong support.
It is almost the bottom of the falling bullish wedge.
Moreover it constitutes a 0.78 fibonacci retracement of the recent spike from 1.50 to 6.50 USD.
A great opportunity !!
The recent price action has been some kind of discourageing .... After hitting a temporary high in the high 6 USD the price has come back all the way down to around 2.50 loosing more that half of its value.
The price has broken support after support, showing an apparently very weak behaviour ...
On the other hand the price has been playing ping pong in a very...
Following reverse symmetry we could bounce rapidely into the falling wedge top resistance and fall back to the recent break out around 4 USD.
This could play out fast since volume becomes thinner above 4 to 5 USD.
After falling back to the base of the (yellow) wedge we could go up for the real break out (above 13 USD).
Thing could start getting REALLY interesting...
The party is on for MoneyGram International !!!
We have entered the thin (volume) zone - little resistance on the upside !
The following days weeks and months could be spectacular !!
MGI will be implementing XRP in the 4th quarter - does Wall Street know or smell something ??
We are approaching a WEEKLY bullish MACD cross !
Volume by price showing we are in an area of strong support.
May we get a false breakout of the bullish descending wedge to scare people and give up their valuable XRP right at the bottom ?
Hold strong XRP army - we are getting close !!
I could be wrong ... I have been wrong many times ... but I think we are done !
XRP is going only marginally lower !
Bullish divergence on RSI
MACD cross coming soon on the weekly
Not there yet but ...
The XRPBTC blood spill is probably soon over !!
122 satoshi are left to fall further ....
Even if we make a false break out and an around the wedge move - it is almost time to go !
If you have not yet loaded the truck - it is almost time to do so !!! (just my opinion)
Buy XRP today is like buying Bitcoin back in april 2017 when it was at USD 1000 !!!
In fact the satoshi value today is 0.00003492 at the time writing - the same as in april 2017.
Back then BTC was around 1000 USD. XRP at that time was around 5 cents.
Let that sink in for a moment !
XRPBTC has never been so oversold ! This is a false break down !
I bet XRP will snap back with vengeance and eventually take the lead in the cryptocurrency market !
I could be wrong but this may be the moment to catch some falling knives !!