Taking a look at 4HR timeframe and the moves XRP has made since I opened my long position over two weeks ago.
MACD is just below 0 in bearish territory but looks like it may turn positive soon, and stochastic has crossed up from oversold so now is a good time to buy.
Just watching and waiting - I think we will start to see some action once the July 4 holiday weekend comes to a close and everyone is back in the office.
What do you guys think?
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Considering adding a little to my position. I think we will see a little jump in price - at least in the short term...
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MACD in the positive now and Ripple is ready for blast-off.... or at least ready for a small short-term profit.
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nanozeus99
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ripple had 1 month and 3 big conferences to increase in price which sadly it did not. even with the most recent thailand news it still has not increased in price. i think ripple will slowly lose investors as investors continue to lose hope and will invest elsewhere for gains.
davedesigns
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@nanozeus99, it may be the price has not moved because it takes time to move the capital into XRP after executing whatever contracts they have floating around with these big banks. Not sure but the technicals show price is trending up at the moment so I'm glad I bought some more at the bottom :D
rigosbox
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@nanozeus99, perhaps ripple wants to lose speculators, and keep the investors who are in it for the long haul. This has been on my mind for a while. The speculation creates instability in price, and instability isn't in ripple's interest while they are in the process of attracting financial institutions. I would love for it to moonshine. The question is what is good for the company.