The launch of Flare Networks is going to make $XRP go Parabolic!
For those who are unfamiliar Flare Networks (Flare.xyz is their website) is launching +/- two weeks from then end of June.
Flare is bring a trustless way to issue assets on the XRPL and is enabling smart contracts for non-turing complete blockchains!
From their launch, they are integrating XRP, LTC, XLM and DOGE. Many don't realize how huge this will be for the supported blockchains!
The possibilities with smart contracts are endless and there are already a whole suite of products being built on Flares Coston Test Net. Some applications that are expected to launch shortly after the main net goes live revolve around DeFI and NFTs (two of the hottest blockchain applications this year).
XRP had it's Golden Cross back in December and has maintained it's bullish moment ever since!
Looks to me that we are going to be maintaining this bullish momentum for a while as long as this trendline continues to hold!
Wicks into the trendline on the weekly are expected but, as long as the weekly candles close above I will remain bullish.
Not only are the weekly candle closes maintaining this trendline but, the RSI is also maintaining it's own bullish trendline.
Although the MACD is in the red for these past few weeks, I expect a turn around in the next week or so and bring in some strong bullish divergence!
My short term targets are ~$3.50-$5.50 within the next month assuming we maintain the current trajectory.
Flare is bring a trustless way to issue assets on the XRPL and is enabling smart contracts for non-turing complete blockchains!
From their launch, they are integrating XRP, LTC, XLM and DOGE. Many don't realize how huge this will be for the supported blockchains!
The possibilities with smart contracts are endless and there are already a whole suite of products being built on Flares Coston Test Net. Some applications that are expected to launch shortly after the main net goes live revolve around DeFI and NFTs (two of the hottest blockchain applications this year).
XRP had it's Golden Cross back in December and has maintained it's bullish moment ever since! Looks to me that we are going to be maintaining this bullish momentum for a while as long as this trendline continues to hold!
Wicks into the trendline on the weekly are expected but, as long as the weekly candles close above I will remain bullish.
Not only are the weekly candle closes maintaining this trendline but, the RSI is also maintaining it's own bullish trendline.
Although the MACD is in the red for these past few weeks, I expect a turn around in the next week or so and bring in some strong bullish divergence!
My short term targets are ~$3.50-$5.50 within the next month assuming we maintain the current trajectory.
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