📈 Nothing much today, just a quick and short idea, but thanks for joining as always ladies and gentlemen.
📈 XRP is still hovering just above that 0.61-0.60 level of support even amongst some rather strong selling though we have had a dip below 0.61 as represented by the chart below:
📈 We can attribute the dip to a large sell order before buyers bought that up pulling us back above 0.61 but with our 20/50 EMA's still not having flipped back definitely wasn't possible to keep that up momentum.
📈 Majority of this price action is thanks to Bitcoin, today's the first day we've seen bitcoin fall below $29,000 since it's run up in June so that's led to a big drop overall in crypto from eth to xrp of course.
📈 We're still seeing that support though above 0.60 overall though things are pretty stressful admittedly. We're just barely keeping above and with low volume right now things aren't exactly too great but I still believe.
📈 This alongside the news that Ripple has indeed joined the International Swaps and Derivatives Association (ISDA) which places XRP in a derivatives market that itself is valued as $1.2 quadrillion joining other major financial systems/ institutions ranging from Goldman Sachs to J.P. Morgan. The association is composed of over 1,000 institutions which span over 79 countries and sets benchmarks, guidelines for the global derivatives market.
📈 Ripple's position in ISDA will be of an associative type which typically involves entities that'll be of significance in the derivatives market infrastructures. Such includes entities that include solution providers, exchanges and technological solutions.
📈 Here's the link to one of the articles below:
https://timestabloid.com/ripple-joins-blackrock-and-jpmorgan-as-member-of-isda-heres-the-significance/
📈 And here's another to the ISDA site and person of contact.
membership.isda.org/...ase/ripple-labs-inc/
📈 Things are bumpy right now no doubt, but that's to be expected, we're not here anyway to look at the short term but the future. Future overall continues to get brighter as XRP continues to expand it's roots and form new partnerships. There's no target or direction, just the goal to keep above 0.60. Below 0.60 or below that 0.598 point and expect a possible sell-off.
📈 Before I end this, just want to say as always this isn't any financial advice, nor am I a financial advisor, please do your due diligence before making any trades or actions. And thank you for joining me today, appreciate you guys as always and feel free to leave any likes or follows, only takes but a second. Thank you.
~ Rock '
📈 XRP is still hovering just above that 0.61-0.60 level of support even amongst some rather strong selling though we have had a dip below 0.61 as represented by the chart below:
📈 We can attribute the dip to a large sell order before buyers bought that up pulling us back above 0.61 but with our 20/50 EMA's still not having flipped back definitely wasn't possible to keep that up momentum.
📈 Majority of this price action is thanks to Bitcoin, today's the first day we've seen bitcoin fall below $29,000 since it's run up in June so that's led to a big drop overall in crypto from eth to xrp of course.
📈 We're still seeing that support though above 0.60 overall though things are pretty stressful admittedly. We're just barely keeping above and with low volume right now things aren't exactly too great but I still believe.
📈 This alongside the news that Ripple has indeed joined the International Swaps and Derivatives Association (ISDA) which places XRP in a derivatives market that itself is valued as $1.2 quadrillion joining other major financial systems/ institutions ranging from Goldman Sachs to J.P. Morgan. The association is composed of over 1,000 institutions which span over 79 countries and sets benchmarks, guidelines for the global derivatives market.
📈 Ripple's position in ISDA will be of an associative type which typically involves entities that'll be of significance in the derivatives market infrastructures. Such includes entities that include solution providers, exchanges and technological solutions.
📈 Here's the link to one of the articles below:
https://timestabloid.com/ripple-joins-blackrock-and-jpmorgan-as-member-of-isda-heres-the-significance/
📈 And here's another to the ISDA site and person of contact.
membership.isda.org/...ase/ripple-labs-inc/
📈 Things are bumpy right now no doubt, but that's to be expected, we're not here anyway to look at the short term but the future. Future overall continues to get brighter as XRP continues to expand it's roots and form new partnerships. There's no target or direction, just the goal to keep above 0.60. Below 0.60 or below that 0.598 point and expect a possible sell-off.
📈 Before I end this, just want to say as always this isn't any financial advice, nor am I a financial advisor, please do your due diligence before making any trades or actions. And thank you for joining me today, appreciate you guys as always and feel free to leave any likes or follows, only takes but a second. Thank you.
~ Rock '
