However, the case is not all black, and those who says that it is a scam are just as speculative as those who says it has or will have a use.
Let's look at the 3 points
Catalysts : ripple is the first private blockchain/ledger designed for banks. It is highly centralized as more or less 60% of the coins are pre mined and held by the makers. This alone is enough to scare a lot of frightened cats. However, this also has upsides. The current crypto market as a whole is gone completely mad with FOMO, and while we might still be far from a real crash (or not, who knows when the music stops, but it's rather sooner than later now), the centralized aspect of XRP might be seen by a decent % of the the population as a safe haven (liberty is awesome on paper, but many run to papa when things gets real)
The sentiment is overall very bad, xrp being the ugly duckling of cryptos, but this has been priced in already with a huge retracement and 6 months downtrend. Yet the price holds spectacularly well. This should remind you of BCH and a lot more. Vicious or not, we are here to take profit, not to be right. The need for B2B (business to business) crypto payement is real, and even *if* banks don't ever use xrp, it might still be useful as a kind of paypal 2.0 for private business. Also, escrow lockup of most XRP is schedule for the end of the year
To be noted, SWIFT is already making its own blockchain, and former ripple founder of XML is trying to eat some chunks of market from ripple. Market is big enough for all of them, but these should be watched for the investors.
Fundamentals : Hard to say, since all is private. But what do we know for sure ? The protocol works exceptionally well and is, for now, hack proof. IF xrp get announced with a use, or as a necessity, or as the first "asset to share holding shift paradigm", we can expect a huge bump, from all of those who were afraid of the XRP / Ripple difference. Ripple being centralized, it has the potential to attract of a lot of business who dislike both banks and pure public chains. IT guys could see xrp in a (very big) niche somewhere between "do it yourself linux" and "windows"
One possibility being that ripple wants to control XRP's price to be stable, and this would make xrp a very good low risk long term investment
TA : we are looking at a wave 4 ABCDE classic triangle compression, with a 0.30$ breakout confirmation, and 0.18$ accumulation. XRP/ BTC is at the lowest since a long time, and got rejected at 0.00002500, so we are in a low risk high reward situation. Min projection is 0.6$ for completition, with potentially higher targets marked with the red rectangles
trader : accumulate now at 0.22-0.23, sl at 0.21$, TP 0.26$, 0.29$, 0.39$ (2-3 days)
swing : sl at 0.185$, TP at 0.29, 0.39, 0.58$, 0.89$ (before april 2018)
investor : sl at 0.17$, TP at 0.58$, 0.89$, 1.15$, or hold forever, depending on fundamentals and risk aversion
Green is very bullish, yellow is neutral or possible, red means "prepare to jump ship"
re-Entry is also possible in the 0.22$ area in the demand zone. I expect another accumulation before the sell walls can get destroyed.
Low risk high reward trade, medium risk high reward swing, high risk high reward investment
The time of consolidation will probably tell if it is a dead cat bounce to the 0.25$ area, or the buildup for the next run
Price held very nicely a double bottom at previous resistance, then got rejected. For now, we are still on time, even if NEO stole the show with an early start, and BCH some of the asian market. This is good news
Potential drop to 0.214$ or lower. Maybe even the blue line. Not confirmed yet, be on the lookout
Lines don't lie
Took the trading stack out with a big bag of money, and, leaving swinger and investment stacks with same targets
However beautiful a project can be, it is worthless unless the people realising it are talented. What differenciated Kodak from Apple? Both were talented, both had an amazing new product (digital camera for kodak). But apple had market penetration. I am here speculating on a company with talent and a working product that satisfies a growing need, AND knows how to sell it, hence why i sleep well and take those trades with confidence. This and the fact that the swings and profit made this investment risk-free.
Yes, xrp/ripple decoupling amongst other things is a good reason to worry. Yes escrow is still not here mid december 2017. But one should ask : would they abandon such an opportunity for a quick cash grab when they are sitting on a gold mine? Would you?
In despair grows opportunity. And despair is almost there, as xrpbtc is almost finally rock bottom. Stay tuned and frosty. I still aim for Q1-Q2 2018 for xrp
BTC price 0.00002
Profit +63% vs USD +25% vs BTC in 5 days since share and still going
Congratz. Swingers can start taking profit just in case to re-enter lower. BTC lovers can wait for pullback and confirmation of floor. I expect more love to come, but it will depend on BTC
0.0000238 BTC & 0.39$
Swing target touched, can take some profit if you are cautious. Potential room for more upside
XRP vs USD, logscale, since it's start more or less
Almost 300% profit since our re-entry at 20.9$ 5 days ago
now you can start taking a good part of the swing money profit safely, as lower levels will most likely be retouched someday if you wish to re-enter, or look for another project with room to grow.
If you are a strong believer of XRP, you can keep half or 2/3 of the swing money to run. Or just take out your initial investment to run on pure profit to sleep well.
Investors can continue to just hold their core positions with the peace of mind that Ripple once again proved to be a serious company, and not hot air
This is insane, and why you never sell your core investments stack without a very good reason. Trying to guess the top of a bull run is near impossible. I expect 1$ to be much harder though, and the parabola went even more parabolic. these are symptoms that the end is soon I suppose. Although I expect a small stabilisation akin to LTC's before a potential drop. I started slowly selling back to BTC my crypto swing trade stack bought at 0.00002450 and 0.00001350, looking for other opportunities
Volume is very low, traders and speculators went away for the most part, due to the lack of new catalyst, but nobody wants to sell because two announcements are schedules "before the end of the year". So it seems we found some equilibrium. This should remind you of the XRPUSD chart over the last months. There will be dips, and anything under the 4000 area should be met as a very good opportunity. It will serve as a shake-out of weak hands, consolidate/accumulate for a new bull, and drive out short term traders that accentuate every move, up or down. Then wait for a clearer situation. Depending on the fundamentals changes, there are different outomes :
- good, it will shoot up (5th wave), probably in a very brutal manner once again
- bad (or pure marketing), and there will be a huge panic dump. Either sell at your entry point (but risk of being shaken out), or wait for the storm to be over, and market to rebound, to sell at/near your entry point, as XRP will probably go back to accumulation for a while.
- no changes, but BTC makes a bull move, xrp VS usd is expected to not move or dip no more than 10% before recovering easily, while XRP vs BTC bleeds out. Either swing the trade, or just wait it out, as xrpbtc will recover easily as well (might take more time than vs usd)
VS USD... this should remind you of something ;)
Target reached. trade position and principal of swing sold. More upside possible
My fiat order of 0,83$ got filled during the panic selloff, and since it is actually worrying that it got filled so fast, I soldback at current price of 1,05 the initial stake, and kept the rest to be added to the investor stack. Looking for something else, safer to invest in. Good luck and stay frosty
Add to that the rumor of coinbase addition...
On perspective, look at xrpbtc chart
It has room for a lot more, still, it is pretty insane
Beware of fakeouts, like ETH also did
What an incredible journey, but not so surprising either, wave 5 is almost always the fastest of the waves, especially after an ABCDE correction, which literally cleans the market of any seller that could exist. Now is another pair of jeans, as price went more than x11 since my buy calls, which of course means a lot of people are going to take profit, and another shakeoff is going to be necessary. For now the market stays bullish... until something triggers a steep fall.... For example btc going back into a corrective upward bullrun :)
This is also why you split your gains. Whatever happens, you had huuuuuge profits, and you let the rest roll, because the top is hard to find. Whatever if it falls back to 0.20 cents, you had so much profit, and personally (and my clients) invested them in so many other projects that gave (or will probably give) equal or bigger returns (ADA, POWR, NEO...)
And the very long term target is higher still (if you are willing to hold a long time)
This is what trading and investing is about : win, whatever the outcome or market conditions
Sold the safe trade stack at 164, for 20%
Will hold the swing trade few hours to see if we go in another bull, or dump some more. But XRP party might be over early
The two household names were not revealed yet
Overall, this could indicate an overall cryptocurrency correction (all coins) so be watchful and take out your principal (initial investment) to buy the potential dip and minimize risk. Overall mid and long term trend are still bullish
Huge dip, but strong rejection. If you are nervous, you can lower your entry to only the profits of last swing, but if you do, better do it now. High risk trade right now
Had a low buy order at 4h SMA (1.9$) that I just dumped to be safe. Adding half the profits as XRP to invest stack
"To buy back lower, of course"
Will probably sell after rebound for btc, to take full strength of the double alt effect (dipping harder, but recovering faster, partially)
Selloff is accelerating, local bottom is soon
Mid term target is for now around 1.75$
I will update with BTC and shorter term targets
Don't be afraid to take profits, market can do one more down and btc might steal the show
Trade stack sold for 25% profit at 1.08 right now, because you don't joke with rent and food money !
+37% in less than an hour
First target still 1.75$ and more later, when we can gauge momentum
Market can still go a bit lower to mark the divergence, volume not yet very convincing, and BTC not touching target on BTC / USD (not USDT) exchanges, but overall, it's a matter of few %. I'm buying
Already 30% in profit. Feel free to start taking profits now if you want. Still my target is much higher
Targets still 1.75$ and 2$ short term. Mid term will depend on fundamentals changes, but for now i don't see any likely up movement for a few weeks
0.000145 (touched, was 1.75$, you can quickly buy back btc with the profit right now since it didn't move yet) safe target
0.000152 realistic target
0.000159 bullish target -> opens 0.0001749 target
I think btc targets *might* depend on which arrives first, btc targets or 2$ target. But 2$ being one of those btc targets will probably not be a coincidence
BTC not looking good, and i want to save the profits not taken yet above +50%
"#xrpbtc, more down possible also. Downtrend also broken, however, the minimum target for correction has been touched (0.000148), and the price against btc could deflate over the next days, even if #fiat continues uptrend. This is possible if BTC goes into a rally, which is a strong possibility. Uptrend over, and next phase of correction starts under 0.000122 (and does not rebound within the next 2 hours)"
We are at the 0.000122 levels now, so you can buy back some if you are a true believer of the fundamentals of XRP. Remember, it is speculative, don't get your emotions toward money blind you. Only invest if your *brain* and your vision of the future include a good place for XRP. If you are here only for the $$ / btc, you took your huge profit, have some left in case it goes banana upward again, now look for something else until we have a more clear view, or a much cheaper price.
For me, the market response seem weak, so I will not add more, even if my longterm target for xrp is much higher.
I think the time for BTC to steal the show again very soon
I will update with targets for USD / EUR / BTC
Target is enough to resume correction. Keep some for if we have a trend reversal
#xrpbtc more and more bullish, #xrpeur and #xrpusd weak but overall bullish
The accumulation is getting insane. Expect any movement to be sharp and strong. Upside more expected. Targets to be confirmed by the first impulse, but we are aiming an almost double top, and quite possibly a new high. We are overall bullish, but depends on the overall crypto market health.
If the market choses downside, I expect more slow bleed or a clear rising wedge (slow upside with no volume or any spike/impulse) before the real move down
Seems like it is going back to 0.000093. From there, expect a dead cat bounce to 0.000125, which should propel XRP / FIAT quite a bit (somewhere around 1.75$ ?), since I expect btc to be around 14k
Looking good so far. First target around 1.47$ // 1.22€ // 0.000124 btc
(ichimoku cloud + moving averages 4h)
Medium term targets higher
Time span : before 3rd february
However, I just want to prove that "finding botoms" can be done
Quote from my telegram group, where I signalled to buy for a scalp :
momentum going mania
volume getting insane
first rebound wave 4 almost engage"
Ended up with +43% profit at close after few minutes
Especially, the swing targets.
Look at BTC after the china FUD that caused the drop to 3k, and the rally once hesitation was shattered when 5k was broken.
For breakout, we need to finish off the sellwalls so the sell pressure is eliminated, and only buyers and holders are still in the game. This means go over 0.3$ (conservatively) or 0.26$ (aggressively), and stay ABOVE the price levels for an extended time (and not just a spike). I suggest you to look at my current NEO analysis for an example of what is developing as a high probability breakout
Feedback is always important, and for me too. Don't hesitate to contact me by private message, and we will see what we can do for you
Also, if I get enough requests I will publish for other coins, like I got for BTC right now
As I said on the last update, I continued to trade xrp/usd (and neo, omg, etc...), however calls for "buy" or "sell" were done on the bitcoin trading idea. So when I said I bought at 6100$ for example, it means that as soon as bitcoin touched below 6100$ I bought back my XRP, ETC, NEO... at market price, as the whole market moved with it in perfect synchronisation.
I will open a new idea for XRP specifically as soon as I see some decoupling of alts and btc, which should happen in the next days if btc can hold bullish movement, or in few weeks if btc is still bearish