Bitbloxx

Ripple Reality Check

BITTREX:XRPBTC   XRP / Bitcoin
XRP might just be the best Blockchain project fundamentally, but the price action suggests otherwise. During our weekly Long term chart analysis, we reached the conclusion that BTC might just outperform XRP by leaps and bounds and we certainly don't leave our followers in the dark. Below are some worrying observations that we made looking at XRPBTC Weekly chart:

- Price has broken below the crucial support levels between ~4000 - ~3500 sats
- OBV (On-balance-volume) shows increased selling interest as the price drops down
- Struggling pretty hard with the weekly 10EMA :'(
- ~1600 - ~2200 sats is the upcoming area of interest - still leaving a huge downside room of ~25% - ~40% (let's call it a falling knife, shall we?)


And finally why bother with XRP when one could just buy into much better investments such as; BNB, ATOM, ALGO, and LINK to name a few.
Comment: And it slides...
Comment: https://www.tradingview.com/chart/r5VR8F...


And it plunges!
30% more to go before we reconsider out stance.
Comment: We'll let the chart do the talking here. :)
Comment: We could be running into the buy zone soon!
Comment: BOOM. Did we not tell you guys? ;)
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Happy Trading!
Team Bitbloxx
btc maxis already trading their sats for xrp as we speak. watch the order books boys
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This is how plebs think
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Wow what a rekt noob. So xrp might be best blockchain but because its at the bottom you suggest shitcoins at ATH? jesus christ. Why bother with anything that has nothing but upside potential lol. jesus fucking christ
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https://www.tradingview.com/chart/r5VR8FYc/

And it plunges!
30% more to go before we reconsider out stance.
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There is a better then 50% chance that the SEC will declare XRP a security... if that happens it's lights out . Fines galore company, divided up among investors, panic selling as price crashes..ect
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Great analys, I akso belive that XRP has an amazing chance of passing legislation unlike what Facebook tried to do with Libra. XRP easily can be pegged to USD making it virtually 1 to 1 with the dollar and possibly in near future when $1.00 will be overprinted for banks it will be worth more than the 1$, but prices would still be in USD and at the end of the day thats what America wants. So love it or hate it no matter what the news tells you XRP is most likely going to be the future USD. I mean in most cases if you use Paypal, or Zelle payments for money transfer where you get your money basically instantly. Guess what its XRP you are buying and transfering.
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bkunzi01 VickzinBK
@VickzinBK, No one would use XRP as a stablecoin. The whole point of cryptocurrency is the set monetary policy attained via decentralization. XRP doesn't have this attribute along with many other flaws.
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You lost me at best fundamental blockchain project ever. Fundamentally it’s terrible. Ripple labs is a good blockchain company. Ripple crypto is an overvalued utility token that has very little use on any of the projects that any of ripples partners use.
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Not a blockchain
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but before march 17 OBV showed increased selling interest as the price drops down
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