Clearance is granted.
The inverse XRPBTC chart still is playing volumes here (double bottom there right now). But the bulls really have the upper hand in BTC at the moment. Why thats important is a lot of the XRP pump come from BTC, at the moment. That will change as these new corridors start flowing real volume, but thats still 3/4 months away at very least.
Right now the focus is just on, gaining enough ground to support the next bear cycle. I don't see a full on pump from this point unless the FED name drops XRP/Ripple tomorrow. That could change everything! Still in the tail end of consolidation here, so looking for the next long term trend line to be tested, and that is right on the MA200 (1 day chart). This is a critical test for the bull run a head, simply put that is the catapult.
Maybe look to a small break on that with a down trend following it or looking to the tightly followed MA50. Right now we are testing break outs.
From a stand point of the XRP news status'qo. As everyone knows there is a bucket load of fuel in this rocket. The only thing to send this ship north at this point would be something substantial. Why FED talk tomorrow, is worth a listen. If we reach and breach the MA200 from here it is worth another round of stocking filling.
Look for a flattening of the chart, ahead over the next months. But if your doing your own research, you know all those new corridors, will in time bring new $$$$. Sleep tight we made it past this small hurdle.
~ Lost in space, sick of the pizza. Looking for the iphone not a nokia.
The inverse XRPBTC chart still is playing volumes here (double bottom there right now). But the bulls really have the upper hand in BTC at the moment. Why thats important is a lot of the XRP pump come from BTC, at the moment. That will change as these new corridors start flowing real volume, but thats still 3/4 months away at very least.
Right now the focus is just on, gaining enough ground to support the next bear cycle. I don't see a full on pump from this point unless the FED name drops XRP/Ripple tomorrow. That could change everything! Still in the tail end of consolidation here, so looking for the next long term trend line to be tested, and that is right on the MA200 (1 day chart). This is a critical test for the bull run a head, simply put that is the catapult.
Maybe look to a small break on that with a down trend following it or looking to the tightly followed MA50. Right now we are testing break outs.
From a stand point of the XRP news status'qo. As everyone knows there is a bucket load of fuel in this rocket. The only thing to send this ship north at this point would be something substantial. Why FED talk tomorrow, is worth a listen. If we reach and breach the MA200 from here it is worth another round of stocking filling.
Look for a flattening of the chart, ahead over the next months. But if your doing your own research, you know all those new corridors, will in time bring new $$$$. Sleep tight we made it past this small hurdle.
~ Lost in space, sick of the pizza. Looking for the iphone not a nokia.