Ripple

XRP Consolidation – Early January 2018

XRP has repeated this sequence 4 times, almost to perfection.

The first consolidation period lasted for approximately 9.5 days and resulted in a 533% rally from the previous ATH -0.21% pivot .
A retracement of 78.6% ensued throughout the second sequence.

The second sequence lasted 5 times longer than the first consolidation period and resulted in another 533% increase from the previous ATH -0.21% pivot .
A retracement of 78.6% ensued throughout the third sequence.

The third sequence lasted 5 times longer than the second sequence and resulted in (yet again) another 533% increase from the previous ATH -0.21% pivot .
I expect another 78.6% retracement to occur. This will put the price of XRP below 1$.

Ripple (XRP) Retracement by GrantPeace on TradingView.com

Selling XRP before New Years Day

As many of you know, I have been holding a significant number of XRP for a long time. Long volume at this moment is high and there is sufficient liquidity to fill my orders on BTC -1.72% markets.

It may be a couple months before finding another entry, far far below.

The ~$80bn that has constituted this rally has been a result of banks purchasing XRP prior to announcing partnerships with Ripple. The month of January will present progressively lower prices as latecomers are tricked into purchasing the coin.

Dec 29, 2017

Comment: Hate to be a party pooper.
There will be another opportunity.

Selling XRP by GrantPeace on TradingView.com

Ripple/BTC Divergence UPDATE

The large divergences between BTC and XRP that we have seen in the past have been corrected by a very long and steep corrective spike in XRP. The rate the divergence is increasing at means we still have some more momentum in opposite directions but an incredible trade opportunity is presenting itself.

Eventually, bitcoin will slow down (somewhere very high~) and we will experience a small retracement. This retracement is where XRP will begin to rise and fill the gap.

35c + is the target. A strategy where you average down from the current price will be a winner.

Ripple/BTC Divergence UPDATE by GrantPeace on TradingView.com

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<p><a href=”https://www.tradingview.com/chart/XRPUSD/ktZVOxXL-Ripple-BTC-Divergence-UPDATE/”>Ripple/BTC Divergence UPDATE</a> by <a href=”https://www.tradingview.com/u/GrantPeace/”>GrantPeace</a> on <a href=”https://www.tradingview.com/”>TradingView.com</a></p>
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