recent monthly candle bodies, and wicks, show that xrp may finally be setting up for an uptrend
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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
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expecting some price action to close out the month
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inside bar trade still active (not financial advice)
It's a good sign the July-candle is full coloured.
GJMRealEstate
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@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.
MarraM
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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?
GJMRealEstate
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@MarraM, look like I missed this question. too late. looks like we got both.