I might be wrong, but the world is slowly getting tired of Bitcoin. I believe so. Even the biggest skeptics, who hate Bitcoin are now thinking: "Hmmm... Maybe I should give it a try..." . But because it's a bit too late to jump on Bitcoin with small amounts of cash, other Penny Cryptos come into the game. Probably, this one won't rise as much as Bitcoin, but sure could jumps a few "moderate" hundred percents ("moderate", comparing to Bitcoin moves).
So, I somehow think that this crypto will like to form triangles and then break them. For now, it seems that it is the case.
Wait for a break and then get in. If this is going to break down, then wait for a reversal signal and then BUY. If it will start breaking upwards, then BUY at the level that it is at.
can you tell me the buying price?
according to green earo its 0.83$?
DariusAnucauskas
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@arjan0000, unfortunately I wouldn't be able to tell you the exact BUYing price, because, like any markets, it could give us a Bullish break out, but then quickly reverse, STOP out the BUYers and then move back up.
But, if to purely speculate, then BUY at 0.84, SL at 0.68 (depending on your risk appetite). Something like that. But that's not guaranteed. I recommend to carefully observe it for now.
@DanielPallatina , This is exactly what i don't like about cryptos. I don't think that Ripple will be able to match Bitcoins gains. Because, as you said, banks are using it. Ripple offers less volatility and more stability, for now. That's why it is attractive to them. Whereas, BTC is way too jumpy. I compare BTC to Icarus (Ancient Greek Legends).
@CoinStorm , I agree with you. I think that it is also waiting for something.
RippleNinja
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If the banks are backing it, this is one of the very few opportunities we get to be along side them. alot of sceptics are stating that $10 is max for ripple. but at one point $800 was stated as the max for BTC. its was also stated that BTC "MIGHT" hit $4000 in 2017. it has almost hit 20k no one can predict the price value of any coin accuratley because as long as there is hype, there is demand, and long as there is demand, there is price increase which then causes hype and repeats the cycle. im not waiting for a break. buy the coin before it hits 1get more coin for your money. buy and hold
lookatbowen
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@DanielPallatina, Lets not forget there are a lot more XRP coins than BTC. Therefore it is unlikely the price will ever get near to BTC. I think we need to be realistic and aim for a short term of $1, then $1.50 with a long term goal of $2. That would be a rise of almost 25000%, so no one can really grumble at that. Anything higher and it is a dream come true. But to compare it with BTC or ETH or LTC is just a pipe dream. Now if 1000 more banks around the world sign up to Ripple and start using XRP, then everything I said goes out of the window. At the moment they have 100 banks or so. Swift has tens of thousands. Small steps first.
CoinStorm
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what are they saying about why there is Stagnation after their first big rise. I feel like ripple's architecture and Speed of their Transactions, not to mention their market cap isnt really reflective of the current Price. so it feels like it is awaiting something like more Business attraction or something. (pure speculation on my limited crypto-educated mind)
according to green earo its 0.83$?