XRP is about to explodeXRP has not only momentum looking at the moving averages. This artificially priced crypto currency has been holted and even banned from trading on most apps in the US up to now. This once was the 3rd largest crypto in existence prior to being accused of being a security by the SEC. According to coin market cap this is currently the 6th highest rated crypto with a $37,675,159,798 market capitalization.
Meanwhile, Ripple CEO Brad Garlinghouse has expressed his optimism that the never-ending case against the U.S. SEC will end positively in favor of the company.
While speaking at the fireside chat at the Paris Blockchain Week on Thursday, Garlinghouse claimed that Ripple’s defense in the ongoing case was faring better than he had earlier expected.
While the explosion of XRP is likely to come the indicators are showing very small weakness looking at the chart. It must trade above the 50 day average at the $89.00 price point for us to really see the true gains point in a higher direction for ripple.
The signals are somewhat interesting as the chandelier exit is showing a sell signal, yet there is the perfect setup looking at the Moving average convergence indicator.
This is not financial advice as I cannot tell you what to buy or sell.
I will personally continue to catch the dips and load up. We are looking at 4-20 times the investment on this one. I predict as XRP is reintroduced to platforms such as Robinhood, WeBull, and many other crypto trading platforms, it is going to pop and some of us will wake up a little bit richer.
I took an hour away after creating this analysis and now XRP is trading above the 200 day moving average. A golden cross is now very likely. I am bullish on XRP.
Signed
@rogers1906
