Topic: XRPBTC (Read 106 times)
Ripple is worth $1.13 today but could be had for just $0.006 in January, according to the latest figures from coinmarketcap.
The massive rise equates to a 1,783% appreciation in value since the start of the year.
Nearly $43billion is invested in to Ripple across the world, and the digital currency has a number of high-profile users - including several multinational banking firms.
In the past 24 hours, investors have bought up $3.9billion worth of XRP tokens, with South Korea’s Bithumb exchange processing a quarter of all transactions.
Ripple began its stellar rise last week after an increase in prices among rivals, and rocketed from $0.27 in December to $0.80 in just three days also rumours that Coinbase, one of the world’s largest cryptocurrency exchange, would begin trading XRP served as a major catalyst.
By comparison, bitcoin has seen a 1,514 per cent appreciation in value during 2017, trading at $963 in January and currently worth $15,550.
However, bitcoin has received a great deal of negative press in recent days, and seen its value plummet from more than $19,500 on December 17 as a result.
XRPBTC. Or how to make money on two moves at once.
Yesterday we wrote about a new wave of growth of XRPUSD. The confirmation was received at the closing of the day.
We also wrote about the correction of Bitcoin: https://www.tradingview.com/chart/BTCUSD/wtPysBoA-Bitcoin-enters-correction-What-s-next/
We can observe the visual confirmation on that, looking at the BTC charts
So we have two trends within a week-two horizon at a minimum: The growth of XRPUSD and the decline of BTCUSD
Both these trends are perfectly expressed in the growth of the pair XRPBTC (see the graph on the last Facebook post - https://www.facebook.com/ICEX.CH/)
What do we see on this graph? The end of the 6-month falling trend and rapid growth.
Growth, already justified by correction and renewed after it. A textbook illustration on technical analysis.
As a foreseeable goal, looking at the same textbooks, we get 0.0001200-0.0001400
Recommendation: BUY.
#icex #bitcoin #cryptocurrency #investment #trading #news #Analysis #Ripple #XPR
Yesterday we wrote about a new wave of growth of XRPUSD. The confirmation was received at the closing of the day.
We also wrote about the correction of Bitcoin: https://www.tradingview.com/chart/BTCUSD/wtPysBoA-Bitcoin-enters-correction-What-s-next/
We can observe the visual confirmation on that, looking at the BTC charts
So we have two trends within a week-two horizon at a minimum: The growth of XRPUSD and the decline of BTCUSD
Both these trends are perfectly expressed in the growth of the pair XRPBTC (see the graph on the last Facebook post - https://www.facebook.com/ICEX.CH/)
What do we see on this graph? The end of the 6-month falling trend and rapid growth.
Growth, already justified by correction and renewed after it. A textbook illustration on technical analysis.
As a foreseeable goal, looking at the same textbooks, we get 0.0001200-0.0001400
Recommendation: BUY.
#icex #bitcoin #cryptocurrency #investment #trading #news #Analysis #Ripple #XPR
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