Fear not XRP army! XRP has been in a massive uptrend channel it's entire life! So many people out there in the crypto community have negative opinions towards XRP, but here's what it boils down to. Despite what you may think, cryptocurrencies aren't going to destroy governments' and banks' monopoly on money. Banks and governments are going to adapt and they're going to maintain control. I've said that so many times, and it's true. XRP is practically the only cryptocurrency, which has been working with banks, regulators, and government officials since day one. Also, every day, more and more banks are turning to Ripple and XRP. People say "XRP is a bankers coin." So what? What is that money in your pocket? It's money that was created by banks. The notion that governments and banks are going to allow cryptocurrencies to totally destroy their control of money in the world, is beyond unlikely. On the other hand, I think it is far more likely that they will merge into this space. THEY WILL ADAPT. In a world where banks and governments adopt cryptocurrencies, who is first in line? X—R—P
There is a reason why it has the third highest market cap in the space. There's a reason why it has held that spot like a boss, completely unchallenged. In my eyes, the fact that so many people hate XRP, is one of the most attractive things about it right now.
Everyone is so focused on the current price. They're glued to the price action. "XRP isn't moving!" "Bitcoin went up but not XRP!!!" They're all so fixated on price, because that's all they know. Probably a very small fraction of people in this space have the discipline to even do an hour of research a week, which is nothing. Yet, the majority of those people are the ones who talk the most trash.
I love Bitcoin. I really do. But how is that Lightning Network coming along? Oh what? It sucks? Well guess what? You can send BTC on the XRP ledger instantly! Oh yeah, and you can avoid those hefty BTC fees too. That's not even a sliver of the capability of XRP. I still own Bitcoin, but XRP is something very special.
Technically, there is a real path to XRP prices well over $100, and even $200, as you can see on the chart. What we need to watch for though, is a confirmation of support on the bottom of the channel, sometime later this year. If we see a big bounce there, it's game over. XRP is gonna rip the naysayers faces off, as it warps space-time and blasts into another dimension.
I'm The Master of The Charts, The Professor, The Legend, The King, and I go by the name of Magic! Au revoir.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
-JD-
There is a reason why it has the third highest market cap in the space. There's a reason why it has held that spot like a boss, completely unchallenged. In my eyes, the fact that so many people hate XRP, is one of the most attractive things about it right now.
Everyone is so focused on the current price. They're glued to the price action. "XRP isn't moving!" "Bitcoin went up but not XRP!!!" They're all so fixated on price, because that's all they know. Probably a very small fraction of people in this space have the discipline to even do an hour of research a week, which is nothing. Yet, the majority of those people are the ones who talk the most trash.
I love Bitcoin. I really do. But how is that Lightning Network coming along? Oh what? It sucks? Well guess what? You can send BTC on the XRP ledger instantly! Oh yeah, and you can avoid those hefty BTC fees too. That's not even a sliver of the capability of XRP. I still own Bitcoin, but XRP is something very special.
Technically, there is a real path to XRP prices well over $100, and even $200, as you can see on the chart. What we need to watch for though, is a confirmation of support on the bottom of the channel, sometime later this year. If we see a big bounce there, it's game over. XRP is gonna rip the naysayers faces off, as it warps space-time and blasts into another dimension.
I'm The Master of The Charts, The Professor, The Legend, The King, and I go by the name of Magic! Au revoir.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
-JD-
Comment:
People don't understand how XRP could have a $100 or $200 valuation. They say it's market cap would be way too high, but banks move hundreds of trillions in capital on a regular basis. If XRP captures just a fraction of that value, by being implemented by banks as a cross border payment vehicle worldwide, it could easily have a multi-trillion dollar market cap. I don't know why that's so hard for people to understand. It's probably because 1/1,000 actually do any research.
Comment:
Here is a more grounded, short-term look at XRP...
