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Panjang

XRP re-buy opportunity before next leg up

KRAKEN:XRPUSD   Ripple / Dollar
XRP had a nice retrace back from top at $3.4 to below $2.4. The main reason was news coming out from Coinbase where they announced that, for now, it would not be adding any new cryptocurrencies to either its flagship platform or its other digital asset exchange, GDAX. The expectations for adding XRP to this exchange were high and the act after this is somehow expected. But...
It’s just the matter how you read the news. In a blog post, the company, which currently allows customers to buy, sell, deposit or withdraw Bitcoin             , Litecoin, Ethereum             , and most recently, Bitcoin cash             , said it wanted to explain its process for adding new assets. The post cited last year’s Digital Asset Framework announcement, where GDAX outlined the criteria it would follow when considering whether to add a new token or coin to its exchange.

The company stated:
“As of the date of this statement, we have made no decision to add additional assets to either GDAX or Coinbase. Any statement to the contrary is untrue and not authorized by the company.”

So basically they don't deny any listing.

Beside this FUD and noise around listing. I think XRP is repeating its last leg from DEC where we had a similar retrace back (-30%) and then moved higher. XRP is above trend line , found support here, RSI is picking up, MACD is just below 0 but in bullish momentum.

I will make my most aggressive projection so far. I was long on Ripple before, I posted many charts stating we can expect higher prices and now I'm setting a new target. I still see this coin above 5$.

I really love the TA. I am also learning along the way and I am thankful that you take the time to share your knowledge and strategies. Once again smashing and keep up the good Work!
+1 Balas
Nice work. I think Monday will be very interesting in a positive way.
Balas
Hello, nice TA.
On the Asian day he returned to play $ 3 and then returned to play -38.2% fibo, do you think there may be a rebound on the previous maximum?
I think there's a lack of volume for the momentum.
Tks:)
Balas
@gusccbb, yes, the volume is lagging (still some noice on the market) and we are probably going to test lower trend line again before bouncing up to previous high.
Balas
Perfect analysis, thanx!
Balas
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