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- Ripple (XRP), up 36.1%
- Börse Stuttgart lists ETN Ripple and Litecoin
Volatility is back and Ripple bulls (XRP) are in control. This may be because of the list of Börse Stuttgart ETN Ripple (XRP) and Litecoin (LTC). However, what is obvious is that behind the rally today, there is interest thanks to a peak of participation. At this rate, it is likely that Ripple (XRP) will close above 40 cents while bulls target 80 cents.
Ripple price analysis
fundamentals
After five months of consolidation, the Ripple bulls (XRP) are back – and with strength. Bitcoin traffic (BTC), XRP is the second best performer of the top 10, with a huge gain of 36.1% last week. However, rising volatility is timely for traders as it appears that Bitcoin, and most assets, are slowing down after six weeks of huge gains. Behind today's price spike, the XRP is changing hands at a lower cost. While Bitcoin and ETH represent a 70% increase, XRP has been stable, moderate and is in the range of 4 cents.
In addition, the list of ETN Ripple (XRP) in Börse Stuttgart, the second largest regulated stock exchange in Germany and the ninth largest in Europe, is worth noting. Here's what Jürgen Dietrich, head of stock trading, says:
"Interest in cryptocurrencies remains high. Thanks to ETNs, German investors can now, for the first time, participate in the performance of the main crypto currencies, Litecoin and Ripple (XRP), through publicly traded securities. "
However, there is more. It is likely that the growing tension between the United States and China could cause Wall Street to lose Ripple Canal Fund (XRP). The IMF has rented the platform. In addition, Ripple Inc. claims to have a direct relationship with the Trump administration and continue to enter into agreements with banks.
Chandelier arrangement
As for prices, Ripple (XRP) has increased by 25.7% in 24 hours, and for this reason, the bulls are back.
Not only have confirmed buyers on April 26 reached a broad market, but prices are trading at over 34 cents with above-average volumes, which means our XRP trading plans / USD are valid.
In this case, each trough or new test of 34 cents is another buying opportunity, with ideal targets at 40 cents, 60 cents and 80 cents depending on our iterations.
Technical indicators
In the chart, all our trading conditions are now correct. Current prices in excess of 34 cents, which triggers the first batch of XRP bulls with high volumes above average, allow the bulls to maintain control and retreat with the objectives outlined above.
Chart courtesy of Trading View
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