RudRish
Long

The stars are aligning to welcome XRP..

BITFINEX:XRPUSD   XRP / U.S. Dollar
Hello all, back at my weekly update and so far so good, all the movement that we were expecting as per the triangles and the resistance lines followed the script.. but now there has been a minor break of the triangle, could be a false break as I am expecting it to retrace back to the 0.45-0.46 level and then start its journey upwards.. A daily close above the 0.52 level would be a good entry point in my opinion as that is a key resistance that XRP has failed to break on several occasions. The other key resistance I feel is at the 0.73-0.75 levels.

In my view, after 7 months of agony that investors have faced this year - hoping, praying, waiting patiently for the storm to pass, some losing faith, some weathering the storm, some drowning.. suddenly the clouds have broken and the sun seems to be breaking through.. We are right at the SBI launch, the Nasdaq backed exchange is round the corner, Coinbase has got the green light to list tokens that may be deemed as securities, addition of other XRP fiat based exchanges etc etc.. logically there is no reason for XRP to go down except unless BTC crashes, but then considering the fundamentals of XRP and whats happening this month, this fall would be very short lived.. the only way I see XRP going is UP.. not expecting any spike but a slow and a very assured growth in the value of XRP in the coming months.

Sit tight, I think the ride has just begun..

My opinion is partially based on my chart above and partially on whats happening around in the news.. but please DYOR and trade as per what you think is right. Good luck !!
Comment: As mentioned last week, XRP did try to break out of the 0.51/.52 resistance shackles but an unsuccessful attempt left it to try and gain momentum again.. it hit the 0.45/0/46 levels and then hurried lower only to correct itself immediately back to the 0.45/0.46 level.

We are at the same juncture now and XRP is now consolidating for another shot at the 0.51/0.52 level this week.

This week, with the momentum that it will gain from the volumes coming from the various XRP based exchanges, XRP will break free to take on the next formidable challenge of 0.71/0.73 levels in the coming weeks.

All the best to all, just my opinion, DYOR !! Good luck to all.

Comments

@josephrivs you need to understand that swift is a big fat company that never innovated once it got the first system in place and they have been sitting on the same system for 40 years.. what ripple is doing is not just speeding up transactions and saving big bucks in transfer fees, they are taking out the nostro vostro accounts out of the picture completely. I hope you understand what it means for a bank if they suddenly do not need to park say 500 Million across different countries to ensure their cross border payments go on without a hitch.. it means that the bank now has 500 Million free.. that means they can now flush their clients with attractive loans and schemes and make more money on that 500 Million..

you say Swift can just wake up tomorrow, use block chain and bingo they will beat Ripple to it.. you need to wake up.. block chain is a part of it (albeit a big one), the solution by itself is patented by Ripple labs.. why do you think out of the 1600+ cryptos available today to you and me.. no one else is able to replicate what XRP is doing.. you will probably say XLM.. but then you must read up (since you like to) on where they originate from.

XRP is the is stem cell currency for cross border payments.. and with the coming of Cobalt its going to get even stronger and I am sure then people like Amazon will also jump in on their systems.

IBM backs XLM. SBI (60 banks), Santandar, AMEX to name a few back Ripple.. can you name any other token backed by a big company.. now please dont say pornhub and tron.
Reply
josephrivs RudRish
@RudRish, that's what ripple is saying but those companies and banks don't say the same, someone in the future will come and will see that I tried to warn you all.
Reply
RudRish josephrivs
@josephrivs, you are right.. they are not saying it and flying banners all over the world per se.. they are bloody acting on it.. Santandar coming out with an app using Ripple, SMI launching VC Trade to feature XRP exclusively, Cuallix claims, AMEX claims.. selected hearing I guess.

Maybe I am ignorant and I will pay for my ignorance in the future.. but the way I see it at the moment.. I will probably get paid for it.. and thats good enough for me.. I dont know what you have against Ripple.. but it takes all kinds to make the world.. Good luck to you.
Reply
Is not going to happen, it will go down till 0.35 and it's a fact. Buyers will hit the ground.
Reply
RudRish josephrivs
@josephrivs, cool.. as you say its a fact.. I hope you have sold all your XRP to rebuy again at that level.. Good luck
+3 Reply
josephrivs RudRish
@RudRish, I will not rebuy, banks will not use ripple for transactions, they just tried protocols as they usually do, but ripple is worthless for them... Ripple might dissappear as an enterprise, yes XRP might be kept alive but without purpose and real life use cases will disappear and we will talk about the scam of the decade.
Reply
RudRish josephrivs
@josephrivs, we all have our views and you are entitled to yours.. what do you think of Bitcoin.. you think it has more purpose than XRP? the only reason I see the value of BTC to be so high is because of being a prime mover and the low supply.. apart from that what is BTC? its just a token of value and nothing else.. so you feel XRP is a scam and BTC, in that same breath, feel its not a scam then?
+2 Reply
josephrivs RudRish
@RudRish, I perfectly understand your point.

The difference is that bitcoin and most of the others cryptos like ethereum has got other use cases not just to be a token part of the only one purpose than being the street to transport ripple.

Ethereum blockchaine network is a growing development network to create the fundamental of Web3.0, blockchaine software development is being used to multipurpose tasks, security and privacy are key for this developments on the roots of bitcoin and ethereum and others but not ripple,

XRP was created in one second not mined, now ripple still under 3 law issues...

XRP is totally inorganic

Reply
RudRish josephrivs
@josephrivs, What about Codius.. something that was planned even before Ethereum came out but was put on the back burner only to be revived again.. Codius, Cobalt, Xspring etc.. all to build their ecosystem around XRP. I think they are making too much of an effort to be a scam.. and hell, they seem to have really taken some VERY VERY big banks and money transfer companies for a ride, if I go by what you say.. unless you think the banks/ money transfer companies dont know what you know and didnt do their due diligence.

Anyways, I continue to believe in the potential of Ripple and XRP.. Good luck to you.
+1 Reply
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