Where Could XRP Go After Ripple's Exhibition At Swift Sibos 2018 Event?
Kiana Danial | Oct 09, 2018 10:29PM ET
Ripple’s XRP has dropped back to a key support level after Ichimoku cloud . The future cloud appears bullish.
So what does the future hold for Ripple? From a long-term perspective, it’s still too soon to take profit in my opinion, and may very well reach and surpass current resistance levels which are set at $0.68, $0.79, and $0.93. Here's why.
Ripple to Exhibit at Swift Sibos 2018 Event
Looking at the fundamentals, Ripple is making itself very visible in one of the world’s largest fintech events, the Swift Sibos conference in October 2018. The word among market participants is that Ripple may make even bigger announcements at Sibos as it showcases its RippleNet product. The official Sibos announcement describes Ripple as “one frictionless experience to send money globally using the power of blockchain”. Sibos 2018 takes place at ICC Sydney from the 22nd to 25th of October.
Now I’d like to hear from you. What do you think about XRP’s future? How bullish or bearish are you on the cryptocurrency? Let me know in the comments, and subscribe to get more updates! As the 4th point of the IDDA technique, you must calculate your risk tolerance before deciding on the investment strategy that is suitable for your portfolio.
*This article was originally published
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.