It has been a while, I hope everyone is staying healthy and safe.
We at the XRP community can come to say that this bullish market was something to expect but I feel we should not get too excited.
I would like to begin by saying that I AM NOT a financial advisor, however, I would like to say that I do not think we will see the 0.30-40 resistance levels for a very long time if not ever again however, it is possible to we retrace to the 0.50-0.60$USD levels and prior and during the SEC Trial date. Going back to my previous report, people are looking at the wrong information rather than going directly to the source to understand what is truly happening not what only pleases your ears. The SEC is not looking for a ruling that determines XRP a SECURITY. They are aiming the penalties at RIPPLE and the owners involved the sales of XRP.
With the response given by RIPPLE a confident manner, confirms to me that they believe they are within their rights to use XRP just like every other individual on the planet. Now the average day person does not hold a net worth similar to that of a CEO like Brad Garlinghouse, so it makes me wonder who will be able to purchase, hold and send XRP? Will the institutions like central banks be the primary source of XRP to the general public? It is known, 90% of XRP holders are outside of the USA. With that being said ripple does have the ability of excluding services to the US as other countries are already taking steps to integrate XRP in their financial systems.
Now because we are at higher amount of volume than in 2017, we can assume that this is because of the new people getting on the XRP rocket waiting for the launch. I would like to say that I believe the price has seen extensive bearish turns due to our new comers not being able to hold XRP on the long term as this is a long term project.
WHAT I THINK???? Hey listen, if we are able to break passed 0.80$USD or even hold at the 0.70$USD level, that would be an introduction to the rise to our previous all time high. Based on the volume I am currently seeing, if we are able to hold at higher levels above 1.00$, it would draw more attention to XRP before we see the wishful 10$ levels. Let us dig a bit further into some common sense. If XRP is to be reserve currency, it needs to have the MTK CAP to sustain NOT a company but COUNTRIES. AT that point it would make more sense to see XRP exercise those prices but we would need REGULATORY CLEARITY.
I do enjoy making this content for all of you but YO where the love at? If you wanna see more content and in-depth explanations to my madness, follow and like and comment!
Enjoy!
We at the XRP community can come to say that this bullish market was something to expect but I feel we should not get too excited.
I would like to begin by saying that I AM NOT a financial advisor, however, I would like to say that I do not think we will see the 0.30-40 resistance levels for a very long time if not ever again however, it is possible to we retrace to the 0.50-0.60$USD levels and prior and during the SEC Trial date. Going back to my previous report, people are looking at the wrong information rather than going directly to the source to understand what is truly happening not what only pleases your ears. The SEC is not looking for a ruling that determines XRP a SECURITY. They are aiming the penalties at RIPPLE and the owners involved the sales of XRP.
With the response given by RIPPLE a confident manner, confirms to me that they believe they are within their rights to use XRP just like every other individual on the planet. Now the average day person does not hold a net worth similar to that of a CEO like Brad Garlinghouse, so it makes me wonder who will be able to purchase, hold and send XRP? Will the institutions like central banks be the primary source of XRP to the general public? It is known, 90% of XRP holders are outside of the USA. With that being said ripple does have the ability of excluding services to the US as other countries are already taking steps to integrate XRP in their financial systems.
Now because we are at higher amount of volume than in 2017, we can assume that this is because of the new people getting on the XRP rocket waiting for the launch. I would like to say that I believe the price has seen extensive bearish turns due to our new comers not being able to hold XRP on the long term as this is a long term project.
WHAT I THINK???? Hey listen, if we are able to break passed 0.80$USD or even hold at the 0.70$USD level, that would be an introduction to the rise to our previous all time high. Based on the volume I am currently seeing, if we are able to hold at higher levels above 1.00$, it would draw more attention to XRP before we see the wishful 10$ levels. Let us dig a bit further into some common sense. If XRP is to be reserve currency, it needs to have the MTK CAP to sustain NOT a company but COUNTRIES. AT that point it would make more sense to see XRP exercise those prices but we would need REGULATORY CLEARITY.
I do enjoy making this content for all of you but YO where the love at? If you wanna see more content and in-depth explanations to my madness, follow and like and comment!
Enjoy!