Ripple! Xrp Technical Analysis! :)
So Ripple is moving a lot slower than most of the other lowcap coins I am covering but still offers great opportunities. We are currently recovering from a pretty heavy downtrend, that actually only was a much needed correction after the previous insane rally. So pretty much expected and healthy!
We bottomed out the past week, creating really a really flat ground and support area. The only way from here is up. I doubt we will immediately start spiking again, but as Ripple by now is considered a big boy currency, the next run might run into more resistance along the way and the high volume might actually work against a fast price movement by lowering volatility.
Also Ripple is a nice example of how the crypto community is behaving like emotionally loaded sheep, delusionally hopping on every hype train or doom train. Ripple was considered the next big thing on the last rally and just another shitcoin on the downtrend. We are currently still in this phase, where no one is talking about Ripple anymore. Setting us up for a nicely timed spot to enter.
Cheers! and happy trading <3
You probably need to look at what ripple is and who backs it
Clif High doesn't rate this crypto
This is understated in crypto really. Those in the know didn't suddenly change their opinions, they've known Ripple is just another shitcoin and no amount of pump and dump can change that. I love the idea for a proper micropayments based crypto but Ripple and Stellar are surrounded in too much controversy to win my trust, I'm going to stay far away for now.
controversy is not always a bad thing :) and yes most big guys in the scene don't change their opinions. but the big mass keeps shifting to whoever is in the "right" at that moment and who is in line with the price movement. Everyone is always going to say, "I was right", just at different moments ;)
Perhaps you might change your opinion after reading my post here - https://steemit.com/cryptocurrency/@bba/is-the-ripple-megabull-over-ripple-technical-analysis-june-16-2017
Always happy to take a second look..Thanks
It's on the move to the top again 🙌🏼🙌🏼
indeed! to the moon :D
good analysis! doing similar things myself. Upvoted and followed :)
cheers :)
I have some coins in ripple. A spike in price will be great
Good post. I have transferred my XRP from an exchange and onto my Nano S wallet as it now supports XRP :)
https://www.ledgerwallet.com/apps/ripple
I have some ripple waiting for THAT spike. Let's see.
thank you for sharing!
Nice chart, @curlyhead