Skip to main content

Ripple technical analysis 1/7/2017



Ripple (XRP) is currently consolidating against bitcoin (.00010040) area , A daily close above .00011000 will clear the path for XRP to make further gains and target .00014 level and above.

XRP/BTC is still trading below the 200 SMA and EMA , However it is supported by the lower bandwidth of bollinger bands and it is in a consolidation phase before resuming its rally.

Ripple block-chain technology which helps banks and financial institutions make fast international transfer in just few seconds has partnered with both Japanese and Thailand banks this week,. That partnership may help be a catalyst for a further rally to break 1$ and above in the coming month.


Labels:

Popular posts from this blog

storj update - 1h chart very bullish

Following up on previous analysis  for storj after breaking over bearish trend. Storj reached a high of 0.95$ , retreating back now to 0.84$ . Below is chart for 1h time frame which shows a very strong trendline coming from lows at 0.67$. A break below will be a sign of reversal, we need to keep over that line for a while to keep the bullish move running upwards. Keep following for updates... Follow me on twitter @b4borio
Post a Comment
Read more

BDC/BTC target and resistance levels

#Dbcbtc is targeting 0.0000001730 btc. It is starting to build up a bullish trend on small time frames. It will be a challenging area to break given the bearish trendline as well. Deepbrainchain is one of solid crypto projects that have a good profitable future. #Investincrypto
Post a Comment
Read more

EURUSD Still bearish on weekly basis

That will be the trade for month of June , Possible good correction for #eurusd from multi month high not seen since before Trump winning presidency. On Weekly chart , You can see the pair reversing from bearish trend line. So , it is good to go short at current level around 1.12$ with Stop loss on weekly close above the trend line. The target of the correction will be around 1.0930-1.10$.... And there is a gap not filled yet between 1.0720-1.0820$ , So it might be targeting to fill this gap.
Read more