1. In previous up test it was closing lower (lower high) so the trend was not clear event though tops were higher probably due to expectation that it should follow the other "big cap coins" 2. Higher closing price this time suggest we have reached the bottom 3. Other big caps already made the run (Litecoin, Ethereum,...) 4. Ripple usually late and has surprised in previous times also when nobody was counting on it
At the moment these prices look like a perfect buy-in option. Stoch is down, trading volume average trend is up. Potential is at least to previous heights.
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All markets are in red. More retracement possible.
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Due to all markets strongly in red numbers after China proposed banning all ICOs it is smart to wait for a while for things to consolidate. Other coins (might) fall to interesting points what could me less short term potenatial for Ripple. People might now rather buy more interesting coins on cheaper prices so Ripple growth could be delayed.
Agree on this. It already broke resistance ( $0.25) 4 days ago and we'd already be up to 0.29 if the general sell off didn't happen. I am LONG at least till end of september. Let's see :)
Geffry
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@Geffry, PS: i also see a nice cup and handle from the past 5 days, so another bull signal