Xrapid
XRP Target Entry - Feel free to comment, critique, complainFirst Entry right around the 61.8% retracement, with a double-down entry closer to the bullish demand zone on the 88.6% retracement.
OBV yields no divergence, therefore price action is confirmed. However, the market is what the market is till it's not....
Stops placed below the 100% retracement, price target will be determined upon momentum on the OBV after being filled.
XRP reached the moon. Brace for impact though, sun is up next!Nobody in cryptoland is making more progress than Ripple.
It's a winner, and I am keeping it locked away for major targets ahead.
Fundamental
Most of you following me came from the previous idea I had on XRP.
It almost turned out perfectly, and achieved major gains. We have now crashed, and I am looking at the road ahead for XRP.
A road which I am looking at with great enthusiasm. A road that can quickly lead to greatness :)
So what's the latest?
First, I'll do a quick summary of why I believe Ripple is a company to bet on in the first place.
Market penetration, top level partnerships and unfortunatly; the most likely path to success.
When it comes to cryptocurrency, you have two main camps. Decentralized & Centralized.
Most want to change our very broken financial system, while a couple (Ripple being the king) wants to work with the powerful financial institutions to bring better technology into the business.
Now.. I came into this cryptoworld mainly because of the politcal aspects surrounding Bitcoin. I would like to see the corrupt banks go, power back to the people. A rebranding of our economic model sort to speak.
However, if you want to achieve success as an investor, you gotta look at things from a pure, logical and maybe somewhat cynical perspective.
Ripple is a winner, I'll actually go as far as to call it an obvious winner.
Our beloved market got a heavy start on 2018. Much of it was natural correction, but it was the regulation fear that got us bloody.
Ripple loves regulation. They have the connections, they have the product that the elites of the world wants.
Suddenly we get a reality where coins like Bitcoin is hard to obtain (or atleast use) , while XRP becomes a cakewalk.
To summarize I would just point to this screenshot from a JP Morgan crypto presentation.
"Ripple is already bringing change in the industry"
The Latest:
In recent times, Ripple has been making waves.
Yesterday we learned that Saudi Arabia's Central Bank has signed an agreement to use Ripple's Xcurrent in helping banks in the KSA improve their payments infrastructure.
(xCurrent does not rely on XRP, the currency)
We also learned something I find much more substantial, namely Western Unions decision to trial Ripple's cross border payment platform xRapid.
Good read from Yahoo , with the Western Union news and explanation of the difference between xRapid & xCurrent.
On January 11, Moneygram was also announced to be using xRapid (That's the one using XRP). We are seeing more deals being made that directly helps XRP's value, which is fantastic.
Lastly, I would also like to include this bit from SBI Hodlings. Which I believe is a major positive!
SBI Virtual Currencies to Exclusively List XRP at Launch
SBI Holdings is the leading financial service company in Japan. Their subsidiary, SBI Securities, is Japan’s largest online securities company with more than 4 million brokerage accounts.
Technical
We reached the moon at the 4.618 exentions from first week run.
Back to reality, and now I believe the fundamentals are in place for a run to the sun!
Looking at 4.618 from entire december run for a final target. I'll use my pitchfork to find support/resistance (tutorial in my profile) .
I will also keep updating this with more short term TA.
$XRP :: Third Best Buy Opportunity Since July?$XRP looks to be setup quite nicely for another run. The daily RSI has hit rock bottom for just the third time since July indicating that it's way oversold. In each of the previous two occasions, we've seen $XRP bounce from $0.1486 to reach to $0.3029 and $0.2950 respectively. Now that we're sitting at what seems to be a solid base ($0.200 -> $0.05 higher than where the previous two runs began), we might be able to push through our recent high of $0.3029. In addition, there's been a lot of positive news (FA) surrounding $XRP (in my opinion, the largest being a push for further xRapid adoption in Q4) since the SWELL debacle.
A potential plan...
Buy: $0.199
Safer Buy: Breaking recent trendline (see screenshot below).
Target 1: $0.240 (21% profit, liquidate 20% of stack - buying more if we see a pullback with positive signs for continued growth)
Target 2: $0.267 (34% profit, liquidate 25% of stack, potentially adding to stack - see above)
Target 3: $0.299 (50% profit, liquidate 30% of stack, potentially adding to stack - see above)
Target 4: #HODL, long-term investment. (leaving at least 25% for additional fib/resistance breaks, if we end up breaking recent high as stated above)
Stop: $0.193 initially, with trailing stop following along the newly formed trendline to preserve any profits we might have built up.
If we do break south through our initial stop, we'll look for reentries off of a bounce. There's a fib support around $0.1808, recent support around $0.1674 and the ultimate bottom around $0.1486.
Not trade advice. #DYOR
Zoomed in for entries:
