Crypto Market is Preparing for a Whales' Activation of XRP Ledger
The crypto market is gearing up for a whale trigger for the XRP ledger. In a few days, the exchange will be activated and it will be available to all XRP holders. This will allow them to take advantage of the new feature and trade it.
The activation of the XRP ledger has been announced by Ripple Labs, a company that provides financial services through blockchain technology. The company also offers xCurrent and xRapid services, allowing banks to send international payments faster than ever before.
The announcement was made in February 2019 after months of testing and developing the technology. The announcement was made during the Davos World Economic Forum 2019, where Ripple CEO Brad Garlinghouse spoke about the company's plans for 2019 in Davos, Switzerland this week (January 22).
Garlinghouse said: “We have worked hard with our customers over the past year to make sure we get it right. We have achieved major milestones along the way and are now ready to enable xRapid globally as an enterprise solution alongside the XRP Ledger!
Electrifying! This is a textbook example of the behavior of a bubble.
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Bitcoin is one of the most volatile assets on the market and can be a bit tricky to trade. Most traders will try and follow an idea framework such as a trend-following method or market-neutral trading strategy.
I’d like to speak in regards to a chart I recently caught sight of. It revolves around the several twenty-week moving averages (20MA) that are well positioned above current price action.
Electrifying! This is a textbook example of the behavior of a bubble.
Price action in Bitcoin (BTC) seems to be moving slowly at the moment, so we might see the price break $29,500 again, but there is also a chance for a bounce back to the channel support at $28.865 per coin.
Bitcoin is one of the most volatile assets on the market and can be a bit tricky to trade. Most traders will try and follow an idea framework such as a trend-following method or market-neutral trading strategy.
I’d like to speak in regards to a chart I recently caught sight of. It revolves around the several twenty-week moving averages (20MA) that are well positioned above current price action.
Price action in Bitcoin (BTC) seems to be moving slowly at the moment, so we might see the price break $29,500 again, but there is also a chance for a bounce back to the channel support at $28.865 per coin.
If you take a look at the chart above, it can be confusing to see the trend line breach 3 weeks ago (Figure 1) and then get broken up along with the 20MA (Figure 2). This is what they call a price top or “mini-correctionâ€.