🌠 XRP'S DRIVE UP 🌠
🌠 Hope you guys are doing well per usual, thought I'd make a quick stop and we'd follow up on things. It's definitely been a pretty eventful few days with XRP alongside Bitcoin and the major market seeing some of the highest inflows in the past year so that's been nice. Especially considering we're heading into winter I don't mind some warmer weather on the charts.
🌠 In our last idea we noted we'd need a catalyst or some news most likely to get that break past our resistance and wow we've definitely had some developments the past few days as always. One example is Ripple's win in being selected as the official technology partner for the Digital Lari Pilot project which is being overseen by the National bank of Georgia (NBG). Ill delve more in this on the following idea but it's great and a good boost as well for public sentiment no doubt as ripple continues expanding. Another development is XRP's approval by the Dubai Financial Services Authority (DFSA) which will allow for any financial institutions operating in the Dubai International Finance center to use/ conduct transactions with the tokens.
🌠 XRP's continued within that ascending channel and basically just drove itself up to 0.62 before that retracement started and we can see by the blue outline that diagonal resistance that started and acted on things till it was broken pushing price up to that 0.6119 price point or 0.612 rounded up. Also this chart below is the 5 minute from the 1st of november but thought I'd point it out, crazy to see how much that ascending channel was affecting XRP's price. Simply fascinating.
🌠 Main thing here was that on the 30 minute we avoided losing the 200 EMA which of course would have most likely sent us further down should we have lost that. Definitely be sure to keep an eye on that 200 EMA as always though seems this week's just been a positive week for XRP overall. I won't keep the idea too long but the chart does most of the speaking anyway. For support currently watching that 0.59 level and 0.60 above for the more local.
🌠 Gonna go but wanted to get something quick out, hope you guys enjoy and have a great one as always, and any likes or follows always help, thanks and all the best. Below are related articles.
https://www.businesswire.com/news/home/20231102179532/en/DIFC-Champions-Dubai-as-a-Global-Crypto-Hub-with-Approval-of-XRP-Under-its-Virtual-Assets-Regime
https://cointelegraph.com/news/ripple-power-georgia-ccbdc-digital-lari
~ Rock '
🌠 In our last idea we noted we'd need a catalyst or some news most likely to get that break past our resistance and wow we've definitely had some developments the past few days as always. One example is Ripple's win in being selected as the official technology partner for the Digital Lari Pilot project which is being overseen by the National bank of Georgia (NBG). Ill delve more in this on the following idea but it's great and a good boost as well for public sentiment no doubt as ripple continues expanding. Another development is XRP's approval by the Dubai Financial Services Authority (DFSA) which will allow for any financial institutions operating in the Dubai International Finance center to use/ conduct transactions with the tokens.
🌠 XRP's continued within that ascending channel and basically just drove itself up to 0.62 before that retracement started and we can see by the blue outline that diagonal resistance that started and acted on things till it was broken pushing price up to that 0.6119 price point or 0.612 rounded up. Also this chart below is the 5 minute from the 1st of november but thought I'd point it out, crazy to see how much that ascending channel was affecting XRP's price. Simply fascinating.
🌠 Main thing here was that on the 30 minute we avoided losing the 200 EMA which of course would have most likely sent us further down should we have lost that. Definitely be sure to keep an eye on that 200 EMA as always though seems this week's just been a positive week for XRP overall. I won't keep the idea too long but the chart does most of the speaking anyway. For support currently watching that 0.59 level and 0.60 above for the more local.
🌠 Gonna go but wanted to get something quick out, hope you guys enjoy and have a great one as always, and any likes or follows always help, thanks and all the best. Below are related articles.
https://www.businesswire.com/news/home/20231102179532/en/DIFC-Champions-Dubai-as-a-Global-Crypto-Hub-with-Approval-of-XRP-Under-its-Virtual-Assets-Regime
https://cointelegraph.com/news/ripple-power-georgia-ccbdc-digital-lari
~ Rock '
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