Hi traders - so we have been tracking Ripple for the past few months and see how to was developing. As I have mentioned my previous idea the best zones for new entry points (as shown below)
We got a nice 25% bullish move before correcting again.
Current target $0.3 - let see if we can breakout from this zone!
The 25% was from an announcement that 55 billion xrp were locked up. How do moments of hype effect charts?
Bluechipinvestments
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I have been watching the market closely, XRP will be the 1# crypto in 2018! My prediction!! This is due to the adoption by the banks and financial investors. This is solid evidence to support this, .30 is just a drop in the bucket.
josephtse
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@Bluechipinvestments, I agree with this based on just how ripple trades. It's all institutional buys and sells on the order book. Spreads are tight, but then you put out a bid, and you don't even get a nibble. That means it's all controlled by algos already (big banks), and there's not really true retail traders playing it. The order book is thick with tens of millions on each buy and sell side. It doesn't move like a small penny stock/altcoin. It only moves huge whenever bitcoin takes a big 30% drop. Then it sits still again for a few weeks/months. And repeats that process. The next big move will be when bitcoin falls from the 20k range soon, or when it lists on Coinbase in Feb. So we can all expect it to run huge when it lists on Coinbase.
jvick717
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put in a limit order at .21 with your analysis and it was filled last night. much appreciated
hatmaendik
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Thanks
DaithiCT
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$0.3 by when? XRP went crazy today! Wish I had some in haha!