Ripple/XRP forms perfect Cup & Handle pattern - looking bullish! by ragnarok

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crypto-news · @ragnarok · Sep 27 '16 (edited)

Ripple/XRP forms perfect Cup & Handle pattern - looking bullish!

Contrary to my usual scepticism and bearish outlook for XRP/Ripple we now have a perfect cup and handle pattern completing (The attached image is taken recently today from Poloniex [1 month / 4 hour chart]). 

Recent attention has been given by various news sources citing Ripple to be a major competitor to SWIFT and increasing partnership with banks which included $55 million in funding (at which point I was initially still sceptical due to my correct prediction that a quick pump and dump would occur as bagholders exited from positions they'd held perhaps as far back as Jan/Feb coupled by the almost doubling in price in the space of several hours from around 926 to 1750 sats). 

Current growth is looking more organic and I'm positive that we will see a nice profitable climb (however, bear in mind any sudden upward spikes in BTC price as they will have an effect on suppressing the new climb by XRP).

<img src="http://i66.tinypic.com/rs7fkh.png" border="0" alt="Ripple Cup & Handle">

👍 uwe69, ragnarok, nimanemolode, refeveole, erikar, zakbezo

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@steemitboard · Jul 13 '17

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@steemitboard · Jul 13 '19

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