rgeddes

rgeddes

Its been a fun few days for anyone who loves the BTC XRP pair. We are going to see a spike to 5600 in the very near future. This could either lead to another correction - or we will bounce right onto to 6k sat and beyond. Re-evaluating at 56k sats is a smart move! If your not buying Ripple right now you probably should be.

rgeddes

While I dont advocate using any type of leverage if you can't afford it - its getting hard to see the price of Ripple as anything but a cruel reminder we will have after the fall runup. Ripple is a deal anytime its below a dollar - lately its been worth about .50 before this dramatice plunge. Don't fret fellow XRP holders. I know how easy it is to sell at a...

rgeddes

XRP has been beaten around the last few weeks - in large part due to the BTC gain and subsequent selloff. The good news is we look like we are on the bottom of the right side pattern for BTC/USD XRP/USD is the lowest it has been in a long time. Those who invested in Ripple based on the fundamentals should still have those fundamentals and invest in the coin...

rgeddes

XRP has been volatile over the last few weeks against the BTC. Today XRP will rise in the short-term as BTC moves sideways and downward. Some expect BTC to drop which would help the price of XRP - but I anticipate BTC rising back to the 7000s in due course - which would likely push down the price of XRP. We're going up in the short term - but get ready for a...

rgeddes

XRP has been voilitile over the last few weeks, BTC appears to be tracing a pattern that will have it moving up into the 7400-7800 area in the next few days. Ripple is moving back toward 57k sats with a rebound above 61k once BTC passes the 7200 mark.

rgeddes

XRP behaved as expected. Many people are quick to call tops without calling bottoms as well. Thanks to everyone who send me a message telling me about your profits! I hope everyone continues to make smart trades. If you are holding XRP right now the only smart move to make is to switch to another currency you are positive is going to grow faster than Ripple -...

rgeddes Updated 

Ripple has been great the last week, After falling from 6100 to the low 5000s XRP has made its way back above the 61k sats line. BTC has been moving sideways which has allowed XRP the ability to pack on the value. It looks as though BTC will see another fresh injection of cash and will go up in price for at least the short term. XRP will likely react by the...

rgeddes

DGB has been up and down over the last few weeks making it exciting for short traders - and terrible for long positions. BTC has started to move in a more positive direction and we have seen DGB move in reaction to what BTC is doing. Yesterday we hit 468 before bouncing up - today it looks like 450. DBG will hit 500 again with or without BTC help. This is an...

rgeddes

I stopped writing about BTC/USD because I felt there were enough people writing about it. This week has been exciting and I think we are at a very interesting point in the market. Looking at the 1 day chart it looks like we are near the top of what I think is the end of the third wave. If we look at the chart alone its hard to imagine a scenario where we don't...

rgeddes

XRP is in for a short term drop. XRP has been moving unpredictably which is what has made it predictable in the short term. Instead of moving lock step with BTC it seemed to be doing its own thing and not in a good way. - it was clear to me that it was undervalued . I saw it in the charts - but after trading this thing for years you get a bit of a rhythym...

rgeddes

XRP just did a nice double bottom reversal - Ive been waiting all day! Btc should pull back again and we should see 57k sats in the very near future.

rgeddes

BTC has been moving all over the place over the last few days. Ripple did the opposite of Bitcoin for the most part - but has still kept a respectable value versus the USD. Ripple is undervalued in USD as well relative to BTC - we should see a migration of capital soon. XRP has not been spectacular on its own - even though recent newsreleases has been...

rgeddes

XRP against BTC has been for the most part doing the exact opposite of BTC. The strength of Ripple isn't enough that it can trade independently of BTC so it is somewhat vulnerable to the movements of BTC. It looks like BTC will correct itself before taking another run at $8400 - this means we will see XRP hit at least 57k sats as the price of BTC falls. Once we...

rgeddes

It looks like XRP has double bottomed in convincing fashion which usually indicates a reversal. BTC also grew at a rapid pace - so value relative to Bitcoin has suffered. As weve seen in previous Bitcoin bull runs - they are usually accompanied by a flood of liquidity into alt coins. Bitcoin will either slow down or Ripple will catch up. It looks like we will...

rgeddes

XRP looks like it double bottomed and is poised to reverse against the BTC. Since the last chart BTC has appreciated significantly which hasn't correlated well for Ripple yet. We havent been doing terrible against the USD - BTC is growing faster than Ripple at the moment. I say at the moment because usually BTC appreciates and cash flows out of it and into the...

rgeddes

I mentioned in my last analysis how I took a big stake on a short trade and forgot to hit the sell button... Well, my new long position has dropped significantly over the last day relative to BTC who looks like its poised to challenge 7800 again. On the XRP/BTC chart, it looks like we've stopped the decline and are ready to start gaining more momentum. I expect...

rgeddes

I have a paticular fondness for XRP - I bought it early on because it seemed credible - and ive been happy with it. I don't chart every trade I make - paticularly short trades. I lined everything up perfectly - I got my price. I forgot to execute the sell - so I missed my exit. Oh well - more Ripple. We are in a much better position than we were last week. It...

rgeddes

XLM quickly broke through all the barriers that had been holding it back and the price rose substantially. To top it off - even as BTC has pulled back - XLM has not seen the correction. We are moving sideways at .31 - it appears like we will in the near term - bump up to .36 where we either continue to climb or we pull back to .31 again. The case for buying for...