[ad_1]
- Price of rippling under pressure but bullish
- Buy XRP with your credit card at Binance
- Transactional volumes are below average
The good news is that Binance is opening up new demand corridors after finally allowing users to buy XRP and other cryptos using their credit card. Without a doubt, this will help fuel demand and support XRP prices that are likely to drop below 30 cents.
Ripple price badysis
fundamentals
The non-conformist founder of Binance, Changpeng Zhao, confirmed that it was indeed possible to buy XRP using his credit cards. If you remember, buying digital badets via credit cards was a bad thing for banks.
One of my friends tried to buy xrp on Binance with a credit card last night and he was not available yet. Checked this morning and it is now live. You can buy XRP with your debit or credit card. 3 for 1 $ but not for baby long! #xrparmy #xrpcommmunity https://t.co/hP0c4VGGRd
– XRP and beyond (@XRPcryptonation) February 11, 2019
During the last stage of a bullish movement that saw the price of badets more than quadruple, investors, as well as speculators, armed with nothing more than a superficial knowledge of what they were up to. # 39; hired, do not hesitate to spend all that they have to not miss out.
While others sold their belongings, including their homes, others decided to use their credit cards. Unaware of price instability at that time, JP Morgan and UK bank Lloyd Bank rushed to prevent their customers from buying cryptographic data with their credit cards. This quickly became the norm.
Nevertheless, Changpeng Zhao and Simplex are ready to change this story. In addition to fees deemed "ungodly" by some, users can now buy XRP with their credit card.
Sorry Binance, I usually recommend your exchange. I can not recommend your direct purchases with a credit card. The fees are impious. This same BTC, if purchased $ 4000, will pay $ 140 fee! AGAINST.. @UpholdInc at the same purchase and at the same market rate, the fees would be $ 42.
– Travis Pipoly (@ProjectsUnltd) February 12, 2019
Chandelier arrangement
Meanwhile prices are on the road to recovery – that's what we can see. Even in this case, we will follow the path of caution and, in a wait-and-see approach, stabilize ourselves for a mbadive and bulky breakthrough above significant resistance and buy the trigger line at 34 cents.
The level is a minor line of resistance defining the peaks of the inversion pattern of the double bull from 13 to 14 January. It also marks the highs of January 30 while flashing simultaneously with the very high level of retracement of 61.8 Fibonacci anchored at the highest level of December 2018.
It is clear from the graph that we have a double bottom with the rejection of the lowest lows in late January and early February. Since we are bullish, we are guided by the price spikes of late September 2018, the only time we will consider taking the opportunities are when there is enough evidence of the card. That's when prices exceed 34 cents as predicted in previous commercial plans.
Technical indicators
Prices are between February 8th and the high volume bar. Coincidentally, the same bar oscillates within the obvious bar of January 30th. With abnormal volumes of 49 million euros according to BitFinex data feeds, the only confirmation that goes with our badertion is that prices are above 34 cents with above average volumes above average. 15 million – our recent averages and 49 million from the 30th of January.
[ad_2]
Source link
