strictly

XRP: The Never Ending...

BITSTAMP:XRPUSD   XRP / U.S. Dollar
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A quick lesson on channels: Statistically speaking (80-90%), price will pursue the median line one last time before exiting the channel, and it's never a perfect touch, most often it's sloppy and can pierce right through, but then it will find the support and move higher, and then out of the channel. For some reason, it seems almost mandatory! That said, there are percentages that exist, which it never does "tag" it that last time, and move out of the channel...an anomaly! Again, the market decides, and will decide in this case as well.

I left you some targets on the chart to consider for yourself, as to: Are they important? How will they impact the price moving forward? etc.

Also note, the Fib Time Zones. These are my personal settings, and thus far, they are proving to have value! The last zone ends November 30th, which it may not be exact date, but rather, a time period to watch...it could be the following week! And, what we do not know is, will it "tag" the median line , or break out of the channel. We simply do not know the significance of that time zone at this point.

Know this, I am bullish on XRP's price, but I've been trained to pin point confirmation or the lack thereof, which is why, I will always offer the risk at hand!

Cheers!

Comments

I love XRP and started buying it when it was 0.07c way back in 2017.
Through it all i carried on accumulating and eventually had over 200,000.
I October 2019 i sold the lot and since xmas 2019 i have invested in Link.
Since then i have made 10x more than i ever realised investing in XRP.
I saddens me to say but XRP is dead and if you are still buying it you are just whipping a dead donkey.

Not hate, just reality.
+1 Reply
strictly wbrett
@wbrett, I don't take it as hate! And, it doesn't make me feel the need to say, "You're Wrong"!

I certainly do NOT blame you for your decision, and I congratulate you on that trade! That said, I'm still convinced XRP's price will, at a minimum, challenge it's ATH, and it has strong potential to perform much higher than that....I recommend studying individual stocks and markets that have endured a +90% drop, and see for yourself, that sometimes when these things are "deemed" dead, they're really just a Possum pretending to be dead! Sometimes these things turn out to be "GIANTS" after their correction is complete...

I appreciate your feedback Brett! Cheers!
+3 Reply
wbrett strictly
@strictly, Thanks, Appreciate your insight.
Best,
Reply
@wbrett, is that a fact
Reply
wbrett ThumbSkin
@ThumbSkin, if you're asking if that what i described is true then yes it is. However, the part about XRP being dead is just my opinion BUT, until XRP proves us wrong (and as an early convert to it i hope it does) right now 3years in and its still struggling to hold 0.25c, my position IS one of FACT because we can all see the price action.
WHEN XRP hits even $2 the please feel free to comment back and call me a D*~K HEAD. You can have that one on me.
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@wbrett, xrp is a degenerate and not an oscillator. calling xrp dead means you know little about this coin. it did nothing from 2014 not until late 2017. if you know Wycoff TA then you won't say that. This one is in accumulation range and the price rally we have since june 2020 is the jump accross the creek. And some tip for you, XRP will enable smart contracts through Flare networks and there will be airdrop of Spark tokens. It will be take ethereum's cake at least in the DeFi coz of it's high gas fees.
+1 Reply
wbrett sup3r_princ3
@sup3r_princ3,
so you are saying XRP is a coin ? (interesting, just a small amount of knowledge is a dangerous thing)
I'm an idiot and even i know that its not a coin.
FYI, 'dead' is just a figure of speech, every Joe Blow can understand the reference to it being DEAD in relation to its price.
If you assume that when i say dead i mean its finished then that's wrong because xrp IS here to stay but, when people sit hoping that tomorrow or the day after it might MOON back to the ATH's of Dec 17 then that's a different matter.
If you want to be an XRP fan boy smart arse then go ahead but the reality of its price movement (or lack of) IS CURRENTLY FACT, its dead, going no where soon (except possible down further) and neither you or anyone else can PROVE any different, its there for all to see..........still 0.25c.
So, previous rules apply, WHEN it hits $2 feel free to come back and call me a D*~K HEAD.
But until then..............
+1 Reply
@wbrett, sure you really are
Reply
wbrett sup3r_princ3
@sup3r_princ3,

Look, if Ripples goal is really global adoption then the last thing they need is volatility in the price, they want to show everyone that its stable otherwise why would any large institution or central bank buy something today that could possibly be worth half its initial value by the end of the week.

By that very notion its price (via manipulation or other means) needs to remain constant.

Therefore, for those wishing to trade / invest to increase capital there are far better options out there. And those that are happy to sit and invest in XRP for the long game, its still a risk.

EXAMPLE: on March 8th 2020 before the slide XRP was 0.23c. Today its a little under 0.26c (and that's being generous). On March 8th 2020 LINK was $4.28 and today its $13.13 FACT.

You can protest all you like and i know of 100 good reasons why XRP should be much higher but the FACT is that compared with almost all the other top 5 cryptos, the price action of XRP is DEAD.

So to anyone wanting to trade/invest to increase their capital XRP is NOT a good asset to pin your short to medium term hopes on.

So, previous rules apply, WHEN it hits $2 feel free to come back and call me a D*~K HEAD.

But until then..............
Reply
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