Fundamentally, Ripple has a much better chance of getting regulated and being brought to a major market, like NYSE or BATS, than bitcoin because it is more centralized. There is also a lot of banks around the world that are looking at ripple as a form of real-time gross settlement. To banks, a system like Ripple has a lot of advantages over bitcoin . Banks really aren't interested in "alternative money" like Bitcoin and other cryptocurrencies , they're interested in the underlying distributed ledger technology, and that is exactly what Ripple is. They WANT more control over the system, they don't want to give up control to miners who are securing the network based on the price of the currency, they like distributed ledgers because they can actually give banks more control over their back-end systems, bitcoin will probably never be used for this, and as such, Bitcoin and Ripple should be seen as completely different technologies. Some people like to say Ripple has no value because it is centralized, or because the fundamentals are so different from Bitcoin , but that is simply not the case. It is just valuable for different reasons and big Banks definitely see the value in Ripple, while they've been pretty cold towards Bitcoin . This sets the stage for Ripple to have a pretty massive long-term bull-run now that all the weak hands are out of the market and new money is flowing into cryptocurrency .
"Japan’s Biggest Bank Partners Ripple, Plans Global Blockchain Money Transfers in 2018" http://www.cryptocoinsnews.com/mufg-ripp...
Since I published my chart XRPBTC is up over 330%, at this rate ATH is pretty likely from here.
By popular demand I am going to update this chart now.
It looks like Ripple has some strong support at 2400 sat. After breaking up from this sideways range it seems like we could get a fairly big retracement of the downtrend if support keeps holding, and eventually continue towards all-time-high.
My guess for XRP right now is that we'll retrace down to about 1500 sat and that could complete wave-b and then from there we could continue the bull-run, so while it maybe a good idea to take profit here it will probably be a good idea to keep an eye on Ripple to see if we can find a better entry at a later time.
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