Hello traders!
After long days of side way movements, I think Ripple XRP is preparing for the explosive rally.
Looking at the 4 hour chart, Ripple is exactly at the descending resistance line (orange) and looking to break out in next few hours. If you actually pay attention, XRPBTC pair just completed inverse head and shoulders pattern, which reinforces the idea of bullish movement. MACD also indicates that the buying momentum is increasing.
Additionally, there are two news that potentially increases the value of XRP
1) Partnership between Walmart and MoneyGram. Do you think Walmart will have the partnership with Ripple in the future?
2) Western Union App release on April 14th.
Entry: Wait for the breakout. 7168 Satoshi
First target: 7300-7400 Satoshi area (there are several resistances in this zone)
Second target: 7600-7700 Satoshi area (EMA200 resistance)
Happy Trading!
After long days of side way movements, I think Ripple XRP is preparing for the explosive rally.
Looking at the 4 hour chart, Ripple is exactly at the descending resistance line (orange) and looking to break out in next few hours. If you actually pay attention, XRPBTC pair just completed inverse head and shoulders pattern, which reinforces the idea of bullish movement. MACD also indicates that the buying momentum is increasing.
Additionally, there are two news that potentially increases the value of XRP
1) Partnership between Walmart and MoneyGram. Do you think Walmart will have the partnership with Ripple in the future?
2) Western Union App release on April 14th.
Entry: Wait for the breakout. 7168 Satoshi
First target: 7300-7400 Satoshi area (there are several resistances in this zone)
Second target: 7600-7700 Satoshi area (EMA200 resistance)
Happy Trading!