XRP Apollo 12 Moment

Opinion: XRP has always been the choice for future CBDC's and the trial was meant to induce accumulation.

Ultimately I believe XRP will sucesfully win and under double jeopardy laws, XRP will become part of the club of 4. ETHEREUM, BTC, EOS and soon XRP. The 4 only cryptos with legal clarity.

I am of the view that given enough time XRP 4$ will be looked upon as a buy opportunity.

That being said. The current macro-economic outlook is very volatile.

Given the current state of XRP from a technical perspective, it is likely to visit the top of the sellers control zone. I have marked these yellow as possible TP levels. (I do not see these levels as a short opportunity)

If these levels are broken, I will revise this idea to the upside.


PS: This is a continuation of my July 2022 idea on XRP

DYOR:


XRP and Central Bank Digital Currencies (CBDCs):
The World Economic Forum (WEF) has identified XRP as a particularly relevant cryptocurrency within the emerging CBDC space.
This is largely due to its potential to facilitate intra or inter-bank payments and settlements in the wholesale CBDC space.
RippleNet’s On-Demand Liquidity service, which uses XRP, allows financial institutions to transact in real-time across multiple global markets.
This service could also support the direct exchange of CBDCs. According to Ripple, XRP is faster, less costly, and more scalable than any other digital asset, which makes it an excellent tool for bridging different currencies​1​.

The XRP Ledger:
The XRP Ledger is a decentralized public blockchain that can be managed by anyone who connects their computer to its peer-to-peer network.
The XRP Ledger uses a consensus protocol, with validators coming to an agreement on the order and outcome of XRP transactions every 3-5 seconds. Unlike other blockchains, it doesn't require mining, which prevents energy wastage in the transaction process.
Its unique properties, such as its fast and efficient consensus algorithm and censorship-resistant transaction processing, are leveraged by thousands of developers.
Developers are using the XRPL to build innovative projects and applications across blockchain use cases, including tokenization of assets, online gaming, asset custody, NFTs, and DeFi​2​.

The Ripple Team:
Ripple's leadership team includes Brad Garlinghouse (CEO),
David Schwartz (CTO),
Kristina Campbell (CFO),
Monica Long (President),
and Eric Van Miltenburg (Chief Business Officer), among others.
Ripple's board of directors includes
Chris Larsen (Executive Chairman),
Susan Athey,
Brad Garlinghouse,
Anja Manuel,
Masashi Okuyama,
Craig Phillips,
Sandie O’Connor,
Rosie Rios,
Michael Warren
Warren Jenson​3​.

XRP's CoinGecko Ranking:
As of now, XRP is ranked #6 on CoinGecko with a market capitalization of $24,482,619,091​4​.

Comparison with Other Tokens (Algorand):
The comparison with Algorand in terms of its role in the CBDC field and market capitalization is still ongoing.
So far, I haven't found detailed information about Algorand's role in the CBDC field.
To complete this research, more time would be needed to further explore Algorand's relevance to CBDCs and compare its market capitalization with that of XRP.


Please note that this is a preliminary research paper and you should continue to do your own research (DYOR). Information about cryptocurrencies can change rapidly, and it's essential to stay updated with the most recent developments.


Notes on how I personally use my charts/NFA:

Each level L1-L3 and TP1-TP3 (Or S1-S3) has a deployment percentage. The idea is to flag these levels so I can buy 11% at L1 , 28% at L2 and if L3 deploy 61% of assigned dry powder. The same in reverse goes for TP. TP1: 61%, TP2:28% and TP3:11%. If chart pivots between TP's, in-between or in Between Sell levels these percentages are still respected. I like to use the trading range to accumulate by using this tactic.

Just my personal way of using this. This is not intended or made to constitute any financial advice.

This is not intended or made to constitute any financial advice.

FED Macro Situation Consideration:

All TP's are drawn within the context of a return to FED neutral policy. I do not expect these levels to be reached before tightening is over.

NOT INVESTMENT ADVICE

I am not a financial advisor.

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