Long

Ripple just announced the $55 bln lock-down ... watch it explode

By Haceru

Updated

Let`s see if $0.28 holds as resistance or not ...

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First major hurdle at $0.25 - we have again "The Battle of the Quarter" - episode 3

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Bullish pennant on the 15 minutes chart:

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BTC price drops 12% = 2,000 USD ... drags XRP along

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OK ... so a few hours later, I think we are safe to say we have a nice up trend forming. We can see a very nice bullish divergence on the 1 h chart just before the "uplift". Also, I marked a few targets based on Fib levels, just to see how it works:

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Looks like I guessed the first part ... Now we are (again, for the countless time) getting ready to test the major resistance level of 25 cents. Let`s see how that goes this time:

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OK ... another update as this unfolds:
- it seems the first resistance was a little under the 25 cents mark, at $0.245
- it seems the first retracement was the 0.5 Fib level, not the 0.382, at $0.224
- it seems BTC is either correcting lower (down another $2000 to this point) or the FUD of futures contracts will crash it to who knows what level, dragging along the alt coins.
Definitely worth watching :)

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For the moment nothing interesting, as usual ... XRP struggles to get past $0.224 resistance level; consolidation and squeeze on the BBs:

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Once again, the resistance level $0.245 proved to be too hard to break ... seems like a double top forming on the hourly chart:

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Here we go again ... "The Battle of the Quarter - episode 5":

Trade closed: target reached

End of the line for XRP on this run. Nice profits, $0.28 was broken but everything came to a halt at $0.306. Overbought, double top, huge "walls" at $0.3 etc.

Haceru

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