Ripple rocket: when a coin jumps to one dollar?
Source:From a fundamental point of view, Ripple, experienced a lot of events in the upcoming month. Also this month will release xRapid, and the cryptocurrency even appear on the Forex market. A detailed analysis of the market status of the Ripple carried in .
theLatest news
Forex is a fairly developed market with several trillion dollars of capitalization. After the recent events part of the money will go to Ripple. Broker Forex Choice located in Belize, will allow its customers to buy and sell the national currency directly from your XRP wallet.
Arrington XRP Capital Fund is also promoting ripple as a suitable tool for the financial market. And although the organization for the second time this year gets under SEC investigation (that's irony), the Creator of the Fund, Mile Arrington argues that Ripple has a lot of advantages over Fiat.
theTechnical analysis
On the weekly chart you can clearly see the increase in the trading volume of the cryptocurrency, it almost reached the record high of December 2017. The recent rise in XRP laid a good Foundation for a bullish trend, but to confirm the signal about the purchase of the coin need to break above 80 cents.
More importantly, the reversal of the Ripple was held at key Fibonacci level, which served as a good support. The coin may well be up to 1-1,5 dollars by the end of this year. Buy altcon need with caution because of possible kickbacks to new lines of support. And while we recommend to set a stop loss just below the zone of 55 cents.
On the 1 day chart it is obvious the presence of bulls buyers entirely keep the situation in their hands.
The next goal is 80 cents. In case of breakout of this resistance to the growth of one dollar will be only a matter of time.
We Remind you about other promising altonah you can always find in our cozy . It's warm even in October.
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