Ripple technicals on 4H timeframe:
- current price is trading between the triangle
- we can see that triangle's upper line represents strong resist which has been tested several times
- ripple is currently breaking it's support (0.587) represented by the green line
3 scenarios:
- price breaking 50 EMA, if it breaks 100 MA and triangle's support line possible fall to 0.48
- price staying above 50 EMA, continuation of consolidation between 0.58 and 0.65
- (too optimistic) big up movement, price breaking 0.68, bull run to the moon(but first 0.8)
Ripple "fundamentals":
- crypto market is in the consolidation phase, we don't know if BTC will be strong enough to break the 20 000 resist (in the long run it seems inevitable but in the short it seems like psychological resist at 20 000 is too strong)
- release of Spark - token of the Flare Network which XRP holders will be able to receive (exchange)
- Ripple Labs moving out of USA?
Lots of indecisivenes!
- current price is trading between the triangle
- we can see that triangle's upper line represents strong resist which has been tested several times
- ripple is currently breaking it's support (0.587) represented by the green line
3 scenarios:
- price breaking 50 EMA, if it breaks 100 MA and triangle's support line possible fall to 0.48
- price staying above 50 EMA, continuation of consolidation between 0.58 and 0.65
- (too optimistic) big up movement, price breaking 0.68, bull run to the moon(but first 0.8)
Ripple "fundamentals":
- crypto market is in the consolidation phase, we don't know if BTC will be strong enough to break the 20 000 resist (in the long run it seems inevitable but in the short it seems like psychological resist at 20 000 is too strong)
- release of Spark - token of the Flare Network which XRP holders will be able to receive (exchange)
- Ripple Labs moving out of USA?
Lots of indecisivenes!