Dear XRP hodlers.
It's been a bumpy road until here. Since 2018 XRP lost more than 90% of its value, then showed a pulse of life and started falling again.
Lately the news are being echoed that Ripple Labs are being sued by SEC (U.S. Securities and Exchange Commission) and that this has a heavily negative impact on the price. I don't believe that the news have...
Looks like an upward triangle. Looks like, this one will take it's time to complete, too.
The triangle may even breakdown and extend into a longer period, but I don't see a big correction yet. FOMO looks strong right now, so I expect some more growth.
Would I buy? Well there may be a 30% correction. But, considering lots of buyers wait for this correction, it...
We see the wedge formation unfolding, breakout expected in next two days. Probably followed by next consolidation formation.
We are close to 6 months after halving, so the growth should slowly start accelerating. Slowly. Hodl tight!
You can see the giant symmetrical triangle that broke upwards at the end.
Why is the encircled part excluded out of the triangle? Because it was a response to corona interruption. It doesn't fit into the chart pattern!
Apart from the corona interruption, the analysis is pretty straightforward - according the triangle, $26000 is to be expected in the mid-term....
This upwar triangle is nearly as slow as the May-July one. But we're getting there.
The local minimum seen right now won't drop below 11200, probably it will rebound at 11470.
The move up will happen close to or in September.
At the end of march, there was a giant increase of USDT marketcap that can be seen here:
This newly arrived money is now at the ecxhanges and is behind the recovery after the BTC/USD fall to $4500 mark. And there is still plenty of buying power left. On bitstamp, when you check the depth chart, where...
Looks like an ascending triangle, but not very strong supported. So it may fail. If we get a rebound, we could safely expect some growth, especially considering golden cross that just occured. We should see in one day.
Hello fellow traders.
On the picture we see the mother of all bullish wedges. If the theory is correct, the chart should continue down to the bottom of the wedge (purple box) to 17000 satoshi value. And should, of course, than explode much higher. By doing that it would also produce a double bottom.
Incidentally, on large exchanges like Bitstamp, at 17ksat mark...
It looks like the upper trendline, lasting all the tay from January 2018 could finally be broken.
Why maybe it won't be:
- obvious lack of bullish volume
Why maybe it will be:
- RSI and MACD look kinda bullish
- there are a lot of support levels under the triangle edge and also some trendlines, not drawn.
Good news have been piling up for a while now about XRP. Does it show on the chart? Only partially. And it makes sense, since there is not much of the projects really running and xRapid only transports small sums. But nevertheless, Ripple is signing contracts with really large banks (SBI, GMT...) and other institutions (MoneyGram, Amex...). So at least...
Adding to the prevalent sentiment around here, I hereby declare a jump to some 10ksats (0.000105...). Whether you look at the moving average or the support line drawn on the chart, the result is the same. Every time the chart bumped into the support line we saw some jump. As noted by others, xrp showed a lot of resilience, so I don't expect the rate to drop below...