wallstreetwise

Rip the Dip!

Long
wallstreetwise Updated   
KRAKEN:XRPUSD   XRP

Long lauded as the "boring token," Ripple is set to explode in the coming weeks. Aside from the massive bull pennant finishing formation, Ripple has been gaining a lot of traction with its efforts to pave the way for Fiat crypto. And, with Ripple's Swell conference set to take place mid-October, expect a massive increase in price. I'm confident that Ripple will blow past the two resistances at $0.23 and $0.26. After that, assuming Swell meets/exceeds expectations, it's highly likely that the current ATH ($0.30) will be left in the dust. Don't be the one who looks back a year from now and says, "Man, I wish I bought Ripple when it was < $0.20." Let's turn this Ripple into a Wave!
-MV
Comment:
If you have the stones for it, I would try to slowly accumulate Ripple through this correction. Your profits will decline in the interim, but we will not see prices like this again.
Side Note: I keep getting asked the question, "Why is Bitcoin's correction dragging the whole market down with it?" Well, Bitcoin's market share accounts for 48.33% of the total Crypto market. Since the crypto market is still in its early infant stages, any major price movements made by the top coins will largely affect the rest of the marketplace. And, while BTC is the big brother of crypto, let's keep in mind, that it is a baby (market cap of $54,86B). So, it is subject to manipulation and volatile price movements. It will take time for crypto to reach a point of stability and price inelasticity. Until then, expect many waves and irrational price behavior. If you play it right, you can come out on top. Good luck everyone.
-MV
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