Long

XRP Gann Fan till June

Updated

XRP is just a matter of time, please watch my last XRP chart aswell

Note

latest fundamentals update:

bloomberg.com/news/articles/2017-04-20/bbva-taps-blockchain-to-make-international-payments-in-seconds
finance.yahoo.com/news/blockchain-u-financial-institutions-now-190400442.html

and what i like the most, that IMF leader Christine Lagarde met Ryan Zagone, director of regulatory relations at Ripple
coindesk.com/imf-just-finished-first-high-level-meeting-blockchain/

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lastest news
ripple.com/insights/ten-new-customers-join-ripples-global-payment-network/

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Gann Fan shows the route, just to hold

A XRP summary, taken from xrpchat.com/topic/4029-explaining-xrp/

The abridged model is this:

1) Ripple gets banks to use its payment technology.

2) Banks integrate Ripple's payment system into their system.

3) This helps to eliminate all the technical obstacles to banks routing payments through a crypto-currency. (Regulatory, compliance, business rules, integration effort, etcetera.)

4) Banks use the system to clear payments with each other, probably using mostly ILP. (ILP is a protocol that permits atomic, cross-ledger payments. Most importantly, it allows a "connector" to facilitate the payment even if that connector is not trusted by either the sender, the recipient, or the source and destination financial institutions.)

5) Ripple tries to make XRP the premium connector by targeting inefficient corridors.

6) If XRP can efficiently bridge X% of payments between banks that use Ripple, it will.

7) This will increase the demand for XRP as connectors need XRP to buy the destination currency for their trades.

8) If XRP is cheap to trade with other currencies, people who don't know what currency they'll need next may hold XRP.

9) If XRP is cheap to trade with other currencies, people who are willing to buy any currency they can get cheaply may hold XRP.

10) This can lead to a cycle of increasing demand.

Ripple may or may not succeed. Ripple's strategy may change. But that's Ripple's plan, in summary.

Or, even shorter, build a massive, level playing field in which assets can compete to bridge payments, then try to make XRP a winner on that playing field.

This is an ambitious, maybe even crazy, plan. But Ripple has raised tens of millions of dollars, has over a hundred full time employees, and our successes to date speak for themselves. That is, of course, no guarantee of success.

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we have a very good Bullish sentiment

but for the moment i sold little as MACD is showing a small pullback, will update on reversal, for a buy back (if my assumption is true)

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and forgot to mention - if you zoom out the chart, the Gann Fan is at this levels peak, so i expect to see the lower grey line that we can continue

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allright, my anticipation was right, watch now closely how deep we get

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interesting rebound, but still thinking pullback isn't over yet...

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XRP broke out from the triangle

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with that ongoing rise on BTC, i think we will loss momentum and break the grey line again to the next 2 blue lines; goes likely back to the 100 EMA

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great, retrace is over, Bulltrend intact

Expect new highs to come

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for the moment i got out, looking for another entry

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sorry for my last advice - that was bad.
luckily i only sold my margin position

well done XRP :)
target reached

Trade closed: target reached

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Rebought XRP in here 7000-9000

and wait for ultimate move up

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missed that info:

news.coinnomics.com/2017/05/02/bbva-uses-ripple-blockchain-for-spain-mexico-money-transfer-in-seconds/

now i am building my longterm hold positions on here, will sell 50% at double or above and keep the rest till XRP is fully implemented
ETA 1-2 years till we have massively Volume
the first XRP trading markets are already starting, Singapore Central bank brought in theirs some weeks ago and i am expecting Japan Banks Consortium isn't far away.

BTW if interested here is a good article which describes the overall Altcoin Market Sphere atm: (especially the last paragraph!!)
cryptoyoda1338.wordpress.com/2017/05/04/the-golden-age-of-cryptocurrency/amp/

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we just hit the Top of this Fan at 13700 Sats

and I took some Profits (65% of total amount)
maybe we drive higher but i am aware for next profit taking

Trade closed: target reached

what a ride!

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BTFD

I'll say hello again, this was an perfect Retrace - now is the perfect time to get into XRP.

Lots of news are hanging in the air and since those sink in, we can accumulate XRP at it last dips.

Watch out for my following up trending chart.

Trade closed: target reached

CLOSED ALL MY POSITIONS - gonna REBUY around 5000 sats cause 7500 sats is a good 50% plus

Note

additinoal info - BTC about to moon, which will bring XRP/BTC price down

Trade closed: target reached

15000 SATOSHIS MY FRIENDS!!!!

sold off totally :)

what a ride 3x - once again thx to XRP

coinwide

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