Andrewcx

When everyone is scared, BUY!

Long
BITSTAMP:XRPUSD   XRP / U.S. Dollar
450 views
10
When everyone is scared, buy.
I'm not a big fan of XRP, I'm not paid by anyone, I'm just saying my opinion.
We can see a big manipulation in the chart. Why? After the fall caused by the SEC process, however, the price went up by more than 80% of the minimum. Where does this force come from if this process has weakened investor confidence in this currency?
We can see that, technically, a superb double bottom has formed on H4 (strong bullish sign).
Fundamental? Lots of reasons to buy!
1. SEC deals with this, suing a lot of companies ( Tesla , JP Morgan, etc.) hoping to win.
2. XRP is the 3rd most powerful currency and is used by over 200 banks worldwide.
3. Biden and the new SEC chief are crypto friendly.
4. When it is too predictable (everyone sells) you have to buy because otherwise everyone would get rich.
5. 95% of those who trade XRP are from outside the USA (an unfavorable court decision will have effect only for American citizens );
6. Coinbase was "required" indirectly by the SEC to delist XRP in order to receive secure company approval;
7. Besides 3, 4 large exchanges that have delisted XRP, there are still a few hundred that will trade (not a big problem);
8. Ripple's 15-page report shows a strong point of view that could win in court;
9. XRP being used by banks and being the 3rd strongest virtual currency, it benefits from a strong lobby in American forums;
10. It is also about nationalism here, Ripple invoking the fact that the first 2 cryptocurrencies ( BTC and ETH) are Chinese, and XRP is American. There is little chance that an American court will destroy the strongest American cryptocurrency.
I think these reasons (and there are more likely) are strong enough to buy XRP right now.
The maximum level you can go down to? Maximum area of ​​$ 0.2. This is my vision for XRP.

Comments

Really sad
Reply
Andrewcx bravissima
@bravissima, What?
Reply
bravissima Andrewcx
@Andrewcx, Sad to see XRP go down like fhat The things you wrote I share thanks for your graphic and wish you Happy Holidays
Reply
I agree that we should buy at some point. The major question is how far it can go down. Through a series of delisting news I believe it will continue to go down toward 0.1 or even lower.
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Binance delist xrp price will go down more then 0.20$.Maybe 0.10$.Im not a trader but its could be end of xrp.Last Hope is to win with SEC
Reply
Andrewcx pablovip3
@pablovip3 Theoretically it may be the end of XRP, but there are minimal chances. I don't think an American court will hit an American coin in the head. They will try to grow it to be stronger and stronger. It would not leave such a market, so capitalized, in the hands of China (through the 2 currencies, BTC and ETH). In addition, as I said, the SEC does this, sued many other winning companies and their shares exploded up immediately after that.
Reply
pablovip3 Andrewcx
@Andrewcx, Easy to say.I bought xrp for 0.55$😟Im confused to sell off right now or keep it and lost maybe even more then nowOr wait for final SEC decision?
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Andrewcx pablovip3
@pablovip3 I bought XRP for ~ 0.5$ too, but I bought from the bottom and now again. Let’s hope that XRP will go up, this is my prediction
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pablovip3 Andrewcx
@Andrewcx, No choice.Sell now for 0.21$?No.I will wait but its could be long time till we find out result of battle with Sec
Reply
raducut pablovip3
I'm with @Andrewcx on this. He's point of view make sense.
+1 Reply
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