Abstract

The subject of the research in this paper is empirical testing of the possibility of applying the technical analysis of investments in securities on the example of Ripple company. Ripple XRP is the currency used in the payment network for all transactions, reducing the time needed, as well as the money for cross-border payments. The aim of this research is to find an optimal method that will improve the trading efficiency through tested specific examples with possibilities of improving the portfolio management made of Ripple XRP digital currency, with a special focus on the optimal choice of methods of technical analysis. The analysis period was one year of observations, from April 2017 to March 2018, with a special focus on the last six months, from October 2017 to March 2018. The results of the research will be useful to the academic community for further research in the field of technical analysis of digital currencies, as well as institutional and individual investors in the function of creating certain instruments that are focused on effective trading with this or similar digital currency.

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