Updated

XRPBTC low risk buy

It seems that XRPBTC have bounced on a good demand zone. Price rebounded just right above it forming a hammer. Volume is significant and the market depth favors the buy side. Stochastic is pivoting up and oversold. It just looks like we just need some big news to turn the tide up.

If the price breaks below the demand zone, it could go lower to the support below it.

For the short term resistance, 0.00005710 or around it could be a good resistance level.

For XRP to go higher, we just need the XRP team to produce some big news and hype just like NEO did with itself.

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Alibaba was recently spotted to be using Ripple's validator node. Could be good news

xrpchat.com/topic/8353-alibaba-running-validator-node/

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Market depth is favoring the buyers and I quite like how thick the unfilled buy orders are.

Moreover, stochastics is pointing up and we just barely got out from the downtrend slope. However, the last candlestick doesn't look good as profit taking seems to occur. If XRP doesn't break the dashed support line, then we are good.

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so the rally began. I think the rumor was still spreading leading to this rise.

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See my targets below. COuld go higher if the buying pressure is intense. Remember guys, this is Ripple!!!

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Must not go below the uptrend slope (dashed line) to keep its momentum.

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we're at support. it's looking bad to me. BTC is pushing higher and getting stronger. it's sucking in XRP's buying pressure

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This prediction exceeded my expectations

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A little more push as indicated by 2hr TF then Ripply will correct.

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looks like we're in a bottom as long as we don't go any lower than the current supply zone (rectangle)

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correction: should be demand zone. not supply zone

clydeuscope

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clydeuscope