XRP trade ideas
XRP is in Bearish Channel & touched the Strong ResistanceBecause of touching strong resistance and taking in a big bearish channel and finally it's in a triangle pattern, it's time to go to a rest and fall to support of 1.37B.
So, the probability of a price increase is less seen due to touching the strong resistance.
XRP: A MORE SURE HOPE FOR THE BULLS.Hello Traders;
Here's my forecast on XRP marked up on the DAILY chart.
XRP presents itself to be a true uptrend.
We see PRICE make some form of retracement on the POIT OF BREAK.... It didn't break below to indicate a more BEARISH movement instead, we see PRICE create a Higher Low formation which make us hope to see PRICE break through to the (31.6288) area again.
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XRP: A case for the elite top 1%WARNING: NOT FINANCIAL ADVICE.
This is my take on XRP:
Ripple as a company will flourish and take over the global financial system of the world, whether you hate it or don't wanna accept it or call it a scam. There are major players behind it. People who control your money. If you think the new global payment system will be totally decentralized. Stop your fantasy, start living the reality.
"Permit me to issue and control the money of a nation, and I care not who makes its laws!" - Mayer Amschel Rothschild
For Ripple's plan to succeed it needs to get rid of retail investors. Why?
To get significant control of their native currency, XRP. Wait, isn't XRP decentralized? Not really!
SEC's timing to sue Ripple is just odd; there has to be some ulterior motive or it's my bias. Under Biden Ripple will get regulatory clarity for sure. The new SEC chair is pro-crypto. Once Ripple gets regulatory clarity. Boom! It's only the moon. Nah! You are wrong again. It needs more than that. Only time will tell.
The second reason, XRP can not act like other decentralized cryptos like Bitcoin or Ethereum where value is driven by only people's sentiment and perceived value (I still love BTC and ETH though). If BTC is the new gold; ETH is the new Google. XRP has utility, unlike BTC. Its value should be driven by global financial adoption and utility; not your sentiment. Ripple doesn't care about your sentiment. All XRP enthusiasts take it as a red pill: Ripple doesn't care about your sentiment. Period.
How long can it take for Ripple to succeed?
The global reset just started. So it will be soon.
I am holding XRP for the long term, 5 years. Yes, I am still accumulating for the long term and trade every day in the short term as I only care about profits.
I invested in Ripple as a company. XRP will only moon if Ripple as a company succeeds. Let's see how it unfolds. There will be a time in the future when XRP haters would love to have a piece of it.
5 Trillion XRP Market CAP and 11$ is possibleIf this happens: XRP will be 11$
For this scenario to happen:
Total Crypto market cap needs to surpass 5 Trillion
XRP will have to overtake Bitcoin in its market cap (3 Trillion)
Every Central bank in the world needs to adopt the Ripple network as means of a cross-border payment mechanism, which is happening.
Instuitional Investors need to see more value in XRP than Bitcoin
Regulations from SEC will drive the future price; under Biden, XRP will get the pass.
There needs to be a bubble, a big fucking one. Interest in XRP is growing ever since it broke out. Look at the google trend: prnt.sc
Anything is possible in crypto, who knows what the next few years will bring! Enjoy the ride and make money. :)
Laws of Exponential Growth:
- Exponential growth is counterintuitive
- People don't usually understand exponential growth
- When exponential growth takes place people usually underestimate how quickly things can change.
XRP Waiting For Price To Create Structure Before Going INHello Traders
CRYPTOCAP:XRP BITFINEX:XRPUSD
Seems that XRP has reach last potential buying zone.
I'm waiting for it to create Higher High Higher Low Structure before going in
For Previous analysis on XRP which i plot on 29th November please take a look at below
xrp dec 21 2020 @fxhawaii @fxhawaiiripple is creating a new support. for the third time and possibly bounce and continue upwards. month chart on xrp is bullish. lets watch how it'll react at the end of the month. my best bet would be a continuation upwards. i will buy more as soon as the candle closes green a with enough rejection/bullish pressure it will be MY confirmation..