Possible rising of XRP after the accumulation phase forming a double bottom reversal pattern.
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Comment:
IMPORTANT:
While the fundamental analysis helps, in this particular Ripple case the only thing we can say is that the whales are expecting a low price to enter again.
The abrupt increase of XRP was the injection and deals with strong banks.
Among them the new participation of South Korean and Japanese groups.
Fundamentals:
1. Ripple has a very big list of employees who have many years of tech experience and are constantly trying to hire the best tech engineers.
2. Their CEO Brad Garlinghouse, has been involved in many start up companies that have thrived.
3. There are countless banks who have signed up to be a part of XRP. There are many crypto trading platforms that are now using XRP. Japan and Korea are now using XRP for business purposes.
4. They are constantly in the news talking about the future of payment transactions.
5. Ripple Hires Former Business Director at SWIFT gpi Marjan Delatinne. www.ripple.com/insig...pi-marjan-delatinne/ 6. They are still a penny stock but XRP market cap is catching up to Bitcoin. www.coinmarketcap.com/
7. They are constantly having world wide meetings that involve big global banks
TO EVERYBODY:
Do not stop taking into account these aspects as they have fundamentals linked to the interests of large economic groups, banks and that makes their behavior be and apologize for the word, shit in the technical analysis.
While the fundamental analysis helps, in this particular Ripple case the only thing we can say is that the whales are expecting a low price to enter again.
The abrupt increase of XRP was the injection and deals with strong banks.
Among them the new participation of South Korean and Japanese groups.
Fundamentals:
1. Ripple has a very big list of employees who have many years of tech experience and are constantly trying to hire the best tech engineers.
2. Their CEO Brad Garlinghouse, has been involved in many start up companies that have thrived.
3. There are countless banks who have signed up to be a part of XRP. There are many crypto trading platforms that are now using XRP. Japan and Korea are now using XRP for business purposes.
4. They are constantly in the news talking about the future of payment transactions.
5. Ripple Hires Former Business Director at SWIFT gpi Marjan Delatinne. www.ripple.com/insig...pi-marjan-delatinne/ 6. They are still a penny stock but XRP market cap is catching up to Bitcoin. www.coinmarketcap.com/
7. They are constantly having world wide meetings that involve big global banks
TO EVERYBODY:
Do not stop taking into account these aspects as they have fundamentals linked to the interests of large economic groups, banks and that makes their behavior be and apologize for the word, shit in the technical analysis.
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