XRP / BitcoinLong
The Ripple Effect
Updated
----This is not investment advice----
Ripple just finished it's meeting with IMF last night. No news of the meeting came out. People thus assumed there was negative news, this triggered a sell which in turn triggered more selling because of fears that there might be insider selling before breaking the bad news.
Ripple is currently testing it's base at 2200 Satoshi's. The next base is around 1800 Satoshi's.
If we compare the current valuation of BTC to Ripple, Ripple should be worth 0,52$
If we compare the current valuation of ETH to Ripple, Ripple should be worth 0,11$
Either the #1 and #2 crypto's are insanely overvalued , or Ripple is very undervalued. I think it's a combination of both.
IMPORTANT POTENTIAL CATALYSTS AHEAD:
There is also a pending decision on a supply lock for what should happen to the 65 billion xrp still held by the organisation.
Ripple vouchers can again be bought on alibaba and taobao
First commercial launch alpha phase will begin in june.
Ripple got it's first CENTRAL BANK on board.
Ripple just finished it's meeting with IMF last night. No news of the meeting came out. People thus assumed there was negative news, this triggered a sell which in turn triggered more selling because of fears that there might be insider selling before breaking the bad news.
Ripple is currently testing it's base at 2200 Satoshi's. The next base is around 1800 Satoshi's.
If we compare the current valuation of BTC to Ripple, Ripple should be worth 0,52$
If we compare the current valuation of ETH to Ripple, Ripple should be worth 0,11$
Either the #1 and #2 crypto's are insanely overvalued , or Ripple is very undervalued. I think it's a combination of both.
IMPORTANT POTENTIAL CATALYSTS AHEAD:
There is also a pending decision on a supply lock for what should happen to the 65 billion xrp still held by the organisation.
Ripple vouchers can again be bought on alibaba and taobao
First commercial launch alpha phase will begin in june.
Ripple got it's first CENTRAL BANK on board.
Trade active
RIPPLE , SET , GO Breakout of the downward channel yesterday night resulting in an inverse h&s harmonic pattern on the 15 minute chart. This was indication of trend reversal upward.
We just blasted through the 15m downward trendline as well as the 2600 MM base.
Could see a big pump over the weekend.
Note
Great day for ripple, momentarily ranging between the old MM base of 2600 Satoshi and 2800 satoshi resistanceNote
CONSOLIDATION BREAKOUT !Ripple upward breakout of the triangle after finding and testing it's marketmaker base at 2200 on the penny.
Added to my position at 2700 satoshi last night before the breakout.
Proud owner of 35881 ripples.
Moon!
Trade active
SHORT TERM SUPPORT LEVELS (INTRADAY)3820 satoshi
3600 satoshi
3175 satoshi
I hear rumours of some big announcements tomorrow.
55% in 2 days , I hope nothing but smiley faces in the Ripple community :)
Cheers.
Note
OH BOIII
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.