XRP Technical Analysis: XRP Here To Stay Regardless of Price

Technically, XRP prices are breaking off the 40 day horizontal consolidation and retesting the lower limit of our 5 cent trading zone at 40 cents. Because of this and the way our XRP trade plan dictates, we suggest selling at every pull back with first targets at 30 cents and later 15 cents—our ultimate level. We also remain cognizant that any high volume spike in prices above 45 cents cancels this projection and snaps XRP back into a range trade. From the News As reiterated time and time again, trading with XRP is definitely cheap and convenient especially for companies who adopt xRapid and use XRP for their cross border transactions. Not only will they benefit from speed and convenience as payment settle within seconds but the mere fact there is cost cutting element is irresistible. It’s along the same lines that Mike Arrington said transacting using XRP is simple “fantastic”

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