Where will XRP Go this week?
- XRP are constantly on our minds as a result of many of the Talent acquisitions that they have been making
- The Higher time frames are extremely bullish for XRP
- Our Lead XRP writers Shawaeb & Michael Pinky believe November will be a key Month for XRP/Ripple.
XRP: For Immediate Release and Invest. MAKE INFORMED DECISIONS.
What has the charts shown so far?
XRP made headway in August, when they pumped from $0.24 all the way to $0.79, before falling on the 1W to the 0.236 Fibonacci. This was four weeks ago that the dump has finished. Since then, XRP has been steadily growing on regular news, especially their tales acquisitions with one of them, Amir Sargangi, leaving one of the largest companies in the world for a new position within Ripple. His key strength remains in worldwide communication shower he previously had built Jibe Mobile, the companies wireless messaging system was used on the Samsung Galaxy. Could this be the start of XRP creating a mobile messaging platform that allows retail investors to send XRP amongst themselves like Paypal.
- On the higher time frames, it appears that XRP is still in the process of accumulation – OBV
- There are gaps at $0.50 and just under $0.40
- A bearish week for BTC and ETH could see XRP Fly below $0.40
- This is seen as a 27% chance of occurring based on the bullish higher highs and higher lows that XRP is making on the 1W.
What does the 1D Chart show?
- Accumulation is still occurring – it is unknown when it may break out – Shawaeb – Our lead Writer on XRP suggests that this may occur in time for the 15th of November.
- Decreasing volume since the 15th October illustrates that a big move will occur.
- The RSI stochastic is pointing bearish – we could see a high chance of 0.236 fibonacci playing out again and revisiting $0.37 again before pumping higher.
- Bullish news could see XRP spike up, in return for all of the Moving Averaging crossing over to retest the $0.79
What does Nouvive Research See?
Nouvive Research views XRP is bullish short and long-term especially the month of November being notorious for XRP/Ripple related news.
NR also understands that XRP trades as if you are purchasing equity within the company and act as a shareholder – therefore Ripple news is correlated.
What does Nouvive See?
Nouvive would enter a position at $0.37, taking profit at $0.89. There is a 77% chance of this occurring within the next 1 month and a Ultra High chance this will occur by the end of the year.
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