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XRP, the cryptocurrency commonly referred to as Ripple, surged as much as 22 percent, taking its one-week increase to more than 75 percent. The Bloomberg Galaxy Crypto Index jumped 8.7 percent, heading for its biggest one-day gain since mid-July.
Ripple may launch a service that will use the digital currency “in the next month or so,” one of Ripple’s executives ...
As it is seen on the graph there is a possitive divergence occured(not exact but fair enough). If it will increased the fiat, Inverted head and shoulders will be completed.
And possible targets shown as arrow. MACD olso seems quite satisfied as 30 min chart.
Over the past few months the XRP price seems to have formed a wedge pattern. As the wedge has developed it has emerged as a falling wedge indicating the price reversal will be in the opposite direction to what we have seen recently.
Once the price breaks above the upper trend line it will signal a breakout to a higher price and rally. The wedge has lasted a ...
So XRP is putting in a decent recovery from the Great Crypto Crash of Jan 2018. Based on having broken out of the downtrend marked by the channel, as well as seeing the drop since the ATH as a three wave correction with wave C completing at the 0.786 extension level (see linked idea, in comments) - we can have a level of confidence that we have exited the ...