GJMRealEstate

XRP ZOOMING OUT - MONTHLY VIEW

Long
BITSTAMP:XRPUSD   XRP / U.S. Dollar
recent monthly candle bodies, and wicks, show that xrp may finally be setting up for an uptrend

Comment: IMF report published July 2020 - bullet points
abolishing cash - replacing with digital tokens
implementing fintech
trapped capital
dormant capital
settlement systems
distributed ledger technology
swap markets
payment latency effects - changes needed
settlement speed
mobile applications
payment privacy
central bank digital currencies
proposing private fintech platforms as a solution
fractional reserve management
ultimate decisions regarding changes may not necessarily include institutional bank preferences
proposals include technology around which private entities can build interoperable payment applications
leveling the playing field between banks and smaller fintech companies
payment latency issues need to be settled instantaneously
importance of real time settlement
Comment: expecting some price action to close out the month
Comment: inside bar trade still active (not financial advice)
Comment: its been a good month so far
Comment: .25 holding strong

Related Ideas

Comments

It's a good sign the July-candle is full coloured.
+1 Reply
GJMRealEstate Gaengphed
@Gaengphed, I would imagine that when the new monthly candle starts in two days, it would trigger bot/algo and swing trades..and then of course if the price gets over .25 that could trigger even more interest.
Reply
Thanks for your insight. When you say above .25, are you referring to the monthly candle needs to close above .25 or just trades above .25?
Reply
@MarraM, look like I missed this question. too late. looks like we got both.
Reply
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