Anticipating some movement on Ripple. Looking bearish. Especially with recent news of the MoneyGram partnership only being a small internal test. And that (MG) customers will not be able to buy or spend XRP during that pilot project. The original announcement sounded a little different. Which may have stopped XRP from sliding down even further.
Are we going down or up? I am tending towards a continued bearish phase, unfortunately. My stoploss executed and I'm currently out. Somewhere around the USD 1.65-1.68 mark XRP will show, what's coming next. If it keeps going down, we're looking at a stabilization around USD 1.35 or so (I think).
I hope that either XLR or Stellar (XLM) can get back up, because the...
The yellow lines are what I had projected to happen in my last idea. Red lines are what actually happened. The consolidation period (first horizontal red line) was too short to support a big rise in value, so we dropped more than I had thought. Add to that the news that Coinmarketcap started ignoring the korean crypto exchanges. That made it look like XRP had...
We are approaching the trend tunnel that was created just after Christmas with that huge pump (green lines). If we enter it and stay there, XRP has consolidated and remains in a very strong growth pattern. If we leave it downwards and get close to the USD 2.00 mark, it is my opinion, that we will see a big dump. I was hoping for some stabilization for XRP after it...
I think we will still see some resistance around the $2.00 mark, like we did with $1.00, but probably less. I really like how stable Ripple is before the big jumps. Healthy stability is something I really like in Ripple, compared to BTC especially. Watch this space!
It's too bad that Ethereum still kind of follows Bitcoin's patterns. I hope that will change in 2018, because I think that Bitcoin is not going to have a good year.
ETH seems to be going bearish in the short term. We need some good news to break out.
After another healthy horizontal period (highlighted), although shorter than the last one, we're going up again. The blue line signifies a gradual support line. The red bearish trend line has been well and truly broken and we're out of the short fall in value.
So it looks to me like we're going well above 1 XRP/EUR next.
