YoungShkreli
Long

Where to next for Ripple?

BITFINEX:XRPUSD   XRP / U.S. Dollar
Hello everyone,

XRP has been very bullish as of late. As you may recall from this post:

I gave XRP a target of the first green line and it was hit within 24 hours of writing. This was a 100% increase in less than a day. I did not expect this. However, someone in my paid group managed to catch it and was very happy with the stoploss I set for him because he managed to keep most of his gains. I was certainly not expecting XRP to jump that much that soon, but it can happen. Thankfully, one of my trader's was prepared and caught it.

Anyways, based on the same methodology - because XRP is officially looking bullish - I have set the above targets. Out first target was around $.83 which as I said was hit, but it hasn't retested that level yet, so we don't know if it will breach it properly yet. Assuming it does, I have set a target for the $1.07 range. With the same song and dance, we then have a price target of about $1.96 . From these levels that is over a 200% increase. That is quite the potential upside. With that said, it should be obvious not to short based on the technicals.

Good luck everyone!

-YoungShkreli

PS I do not trade XRP. I more or less exclusively trade bitcoin and its derivatives with leverage. Occasionally, I make an ETHBTC trade. I have done this once and am expecting to do it again soon. Out of 100s of trades, 1 or 2 will be in alts. Just so you know.
Sep 29
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whats your time frames for the price targets
?
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@Okemo6160, I have no idea mate haha. I really can't say anything meaningful besides within two years. And the only way I can say that is because of previous volatility figures and assuming they will be roughly the same in the future.
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Long term XRP is big BUY. Most people are not aware Ripple just release Multi-Hop feature which will allow banks not connected to RippleNet to use it indirectly (and to bypass regulative issues). This will give huge boost to xRapid/XRP use.
Can't believe how few people know about it. Let's see how the conference will impact the trend and if there will be any news coming out.
+6 Reply
@MaxL82, Eh, I don't think so, but the technicals look good. Banks can literally just make this shit themselves if they want.
+1 Reply
YoungShkreli YoungShkreli
@YoungShkreli, Banks CANNOT make bitcoin. Banks are centralized. Bitcoin is the antithesis of traditional banking.
+1 Reply
MaxL82 YoungShkreli
@YoungShkreli, For people who don't follow Ripple I understand it is hard to imagine such thing.
+2 Reply
MaxL82 YoungShkreli
@YoungShkreli, I read that one long time ago. That article focused on parts which were transformed to look like FUD. 95% of the article is filled with useless information.

The author(s) at the end completely missed the point and purpose of XRP and Ripple software for the banks which showed they had no clue how xRapid will power international transactions and solve liquidity issue. I guess I need to write an article myself ? :)
+2 Reply
DelBosque YoungShkreli
@YoungShkreli, I think you're grossly underestimating Ripple's technological prowess. They wouldnt have customers if banks could so simply replicate xRapid (et al). I do appreciate that you arent barking "scam coin bleehhhh Bitcoin 4ever broooo", but what they bring to market is not a cut and paste application.
+2 Reply
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