My last post showed a short Bias due to news, with Korea and a lawsuit Ripples future looks like it has many challenges, but as it was stated before that the function of XRP is still very much worth the investment.
Thank you Please leave a comment below Expansion Team.
Good chart! Korean issues were resolved by Korean Officials. They indicate that the embargo on trading is over and that they will go after criminal activity. Other than that South Korea advises to buy cryptos at your own risk and that buyers need to be aware that they can lose all. The State run media Yonhap the Financial Services Commission will close down operations that operate illegally. Justice Minister Park Kang-si, has stated that they took steps to slow down the overheated conditions. It should also be noted the SK government-issued press releases that introduced an actual time for the reopenings of markets. This is active now. Ripples challenges will be similar to all other altcoins that are owned by companies. Innovation and Utility will drive the coins.
beentold
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Not holding anymore. This is not Bitcoin and this is not a few years ago. I bought at 80 Cents, sold at 2.70. I've since diversified. My biggest stake now is in Ether, Stellar and VeChain. I keep checking up on Ripple, but unless I see it break USD 2.00, I'm not interested.
bigtrouble
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@beentold, ripple will pick up when bitcoin picks up, just like most of the alt coin market. Just need some good news and signs of a trend reversal.
@vejdanialireza96, I believe by the end of the month. We will see after the 26th when futures contracts finish.
vejdanialireza96
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@bigtrouble, thanks,and do you have any suggestion for entry?
what is the bitcoin price on 26th jan 2018?
bigtrouble
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@vejdanialireza96, Alanmasters has a good TA for BTC/usd that I have been following and I would consider his most recent update to be pretty precise. Bears are running out of steam. Decrease in volume and solid bottom support levels not being broken. As for as XRP I have been buying this correction this whole time. It is risky doing so, but we have had a lot of rejection at our 1.3 support level. 3 days of rejection with our last day closing on a green rejection. If you are being safe with low risk I would consider waiting for stronger trend shift signals then we have now.