In our premium trader clube we had previously analyzed the Ripple cryptocurrency in the Bitcoin pair.
We had said that, for now, we are looking for a possible retraction with a tendency to form the cypher pattern and a possible purchase zone between 2742–2804 as the first zone and 2672–2084 as the second zone.
Indicators was showing that the buying force is losing strength.
Ripple Continues Acquisition Streak
To our surprise, very early in the morning, Ripple officially announced on its blog that it launched operations in Iceland to further expand its presence in Europe.
In addition, the company welcomes a new team of engineers with its acquisition of Icelandic crypto trading firm Algrim.
The new Icelandic team will play an integral role in the ongoing development of Ripple’s On-Demand Liquidity (ODL) product which utilizes XRP for production cross-border payments. Iceland will serve as one of Ripple’s engineering hubs with plans to bring on more technical talent in the region as said the blog.
Which It Was The Result?
With that news, our analysis was invalidated and it went a long way in the time. But who was pending made profits.
It did not come near our buy zone and evaluated our analysis. Anyway, who bought over the resistance of 3000 has more than 7% profit. congratulations. 🥳
Those who have courage and a lot of claw and operate leverage in Bitmex if they used 10x have more than 30% profit. 🥳
In our case we will evaluate a new entry. Stay tuned up.
Pleas don’t enter in the fomo! Calm down now.
In another hand, tt this exact moment, and in the daily chart, the price of Ripple is being supported by the EMA100. We will follow up to see if it will stay here or make a false break.
Take Advantage To Be A Champion
Anyway, we continue to watch Ripple in our premium clube trader.
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See you in the next story. With Love 💛, Rubikators Team.
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