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Ripple Partners With MoneyGram

By Russell ShorCryptocurrencyJan 12, 2018 09:17
Ripple Partners With MoneyGram
By Russell Shor   |  Jan 12, 2018 09:17
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  • Ripple's 3-day EMA is below its 5-day EMA.
  • This is considered as sell mode.
  • However, the trend-following indicators have levelled off and downward momentum has slowed.
  • The RSI(9) has also popped above 50 and this is indicative of bullish momentum.
  • Yesterdays candlestick is a long-legged doji.
  • This is a candle of indecision and its placement is important.
  • The long-legged doji charted after a down leg and immediately after a bullish hammer.
  • Our interpretation is that that the bears have lost conviction in terms of taking price lower.
  • This is on the back of the news that Ripple has announced a new partnership with payment service MoneyGram.
  • Accordingly, MoneyGram will integrate Ripple's XRP coin into its payment system.



  • The green-3-hour EMA is above the black 5-hour EMA.
  • This is buy mode.
  • The RSI(9) is above 50 and indicative of bullish momentum.


  • In our view the deal with MoneyGram is certainly exciting.
  • However we would like to see the 3-day EMA cross above the 5-day EMA (golden-cross) to indicate that the market is excited about the deal too.
  • If this happens, it may be a precursor to a potentially meaningful upwards move in XRPUSD, especially if confirmed by daily RSI(9) being above 50.
  • Initially, we are looking for the hourly chart to show more angle and separation between the trend-following indicators.
  • This is needed as a short-term catalyst for the daily move to commence.
Ripple Partners With MoneyGram

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Ripple Partners With MoneyGram

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