abdullatrader

Ripple Following Bitcoin.

KRAKEN:XRPUSD   XRP / U.S. Dollar
Hello,

Ripple is moving along with Bitcoin , as both coins enter their demand zone . I wouldn't take or open any position unless I see a reversal sign - Best of luck!


Bitcoin Chart


All charts posted are for educational purposes only - I don't sell signals or give any courses. Enjoy :)!

Comments

thnx mate! Too bad XRP behaves like this.
+1 Reply
@xdbas, no worries
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Hello @abdullatrader ,
In my opinion we can go low as 0.53 $ which will match with wave 2 retracement (0.854 ). Do you familiar with elliott wave, what's your opinion?
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Hello Abdullah, can we wait to reach the Demand zone to buy?
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hi thanks for all
what do you think about ETC please ?
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Please answer my question. I am also from middle east and lot of companies has partnered xrp for example Rak Bank, UAE exchange etc recently Kuwait finance house has started partnership with ripple. Will it all effect on xrp price??
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abdullatrader raheeltag
@raheeltag, Adaptation to the technology is great but does not mean prices will go up/down. Ripple partnered with a lot of other financial intuitions when it was trading above $1.5 and we never really saw prices rally. Again, as I always say, avoid the noise (news) and read the charts. Have a great day :)!
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raheeltag abdullatrader
@abdullatrader, Thank you very much
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rx7 raheeltag
@raheeltag, You have to understand that Ripple (the company) is not the same as XRP (the coin). The company has partnered with many institutions and these institutions will use the Ripple products, but to my knowledge, none of this product uses XRP coin. Therefore, use of these products will not create more demand for XRP from institutions. XRP does not even work as a share in Ripple company (as the Ripple explained themselves). It is just a coin created by this company. Why? To get money. A very smart move. The co-founder of Ripple is now the richest crypto-billionaire in the world (https://www.investopedia.com/news/forbes-releases-first-ever-cryptocurrency-billionaire-rankings/). Guess what he wants. Sell his remaining XRPs at the highest possible price to become even richer. Next time you read news about Ripple, pay attention to detail. They say Ripple but not XRP. Why would a bank use XRP for money transfer and risk loosing a few percent because market went suddenly down as for example today? Doesn't make sense. They will use Ripple platforms that offer instant transfer, but do not use XRP in any way.
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Ya leyit bil ARABI ayzan
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