$SOLO - Number Go Up 🤞Medium term PT for $SOLO; Using fibs and traditional TA.
Catalyst: Securities Broker Dealer License
Xrpl
XRPXRP following suit, internal range BMS to the downside with price printing series of LH, for added confluence here id like .36 low raided before we see any retrace to the upside.
If we play out as above and print a lower high then we can look to short inside the ob .39 LO/NY KILLZONES would be prefered time of day will fit with the agenda.
For us to remain bullish we want to see price hold above .32600 and show bullish reversal inside BISI failing IMO will result in price seeking SSL of the range low and liquidting all the longs left in play 0.28700.
My Take on XRP price prediction in generalRipple as a company is huge and powerful one. They have high rank connection with the financial sector around Europe, Asia and Middle east.
From Technical Analysis perspective, I have ran over multiple scenarios and all leads to at first unreasonable price range. Then I started digging into XRPL and RippleNet which led me to Ripples investors and their partnerships (Which by the way are huge one with deep pockets), everything started to clear up and the unreasonable prices started to make sense somehow.
I can't claim my findings solely on my own research, I have searched and the first place I have looked into is Ripple website which you can after that follow the keywords in which will lead you to many information as documents, articles and solid contracts. I'd advice you to do your own research and see yourselves. But I will leave you with some articles I have verified myself for my own sake and hope it takes even further that that.
Technical Analysis:
I have done a ton of analysis especially on assets that lived at least a previous bull run and validated my technique and the price targets almost accurate came true.
I don't depend on indicators to determine the asset cycle final targets, I only use indicators to assist in trading.
I use price action along with Fib Extensions to determine the T.A price, I also put into my calculations the project achievements and weigh in their activities ( Partnerships, investors and type of contracts they close, monthly volume)
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xrpcommunity.blog
xrpcommunity.blog
xrpcommunity.blog
xrpcommunity.blog
XRP monthly/fundamentals: Parabolic SAR and IchimokuThe markets that Ripple/O.D.L./XRP is intended for are collectively measured in the trillions of dollars per day.
Connect the dots: The DTCC, clearing houses, FX market/post-trade settlement (6+ trillion a day in volume), R3 Corda, VISA Earthport, SWIFT, correspondent banking, wholesale CBDC's, transition from LIBOR to SOFR (Sandie O'Connor recently added to Ripple's Board of Directors). That's all for starters. Then look into things like Interledger Protocol and Hyperledger and Polysign and flare network.
On XRP price itself, one possibility is there will be a smooth transition to higher prices over the next few years
In order to avoid shocking the system. Another is this infrastructure is being quietly set up to be more of an instant shock absorber for the day when debt markets implode and global liquidity freezes up. XRP is not the only DLT game in town either, but imagine an XRP price just based on 5% on all assets being transferred over the xrpl. Anything of value: derivatives, bonds, M2, any other crypto, real estate, debt... All instantly liquid and each transaction costing .00001 xrp. Retail investors were never specifically intended to be invited to this party.
For reference take a look at this visualization of all the world's money measured in blocks of $100 billion each. www.visualcapitalist.com
And listen to Patrick Griffin of Ripple speak at this IIF technology showcase in 2014. He chooses his words carefully:
www.youtube.com
Unlikely to be recommended in yer youtube feed by the almighty algorithm.
Keep in mind that with fiat money printing increasing exponentially, dollar-based valuations will have less weight. Think of it as taking more dollars to buy XRP -- based on the utility it provides -- rather than the price of XRP simply going higher.
I emphasize that this is not financial advice and just my take on things. Anything in this new arena of fintech/decentralization changes very quickly and the broader infrastructure is clearly being disseminated from very high up the food chain. I don't necessarily think this transformation is an ideal thing but it seems unstoppable at this point.
