XRP Price Action In 2020
Breakout of multi-year wedge
Diagonal Resistance Line Turns Support
Price Accumulates below the Long term resistance near .20 then breaks out.
Moving averages looking parabolic but RSI nearing the top on the higher timeframes.
Lot of you hate on XRP & thats cool. At this point I think it's a choice to ignore how integrated this crypto already is. The public is always the last to know and normally a decade later. Market Caps will get to unfathomable numbers at next market top due to the inflation of fiat dollars. Until we are on a new monetary system the "next bubble" will have to be bigger than the previous. Many coins will go into the stratosphere. Witnessed it in 2017. America was baffled at the wealth amassed by Sam Walton a short time ago only for it to be entirely dwarfed by Amazon's Bezos just a few decades later.
A lot of speculators attempt to determine what is and isn't possible with XRP & other cryptos but consider this. 20 people each invested in Amazon during a private funding round to raise $1 million in the early days. Each gave $50k and in return received a %1 share of the company. Today that is worth over 15 billion dollars or a 300,000x increase.
What will eventually happen with the crypto market will even dwarf that in the very best of returns. They wont be able to print the fiat fast enough. Where will all that money go if you can only spend it digitally/electronically? How long will people carry exact change before caving to the digital system?
What about when there is now accepting Bitcoin & Alt deposit signs outside of major US banks?
(thanks alot Brian Brooks!)
Crypto is part of the covid "cure". We've been shown this many times subconsciously & in the open. World economies yet to feel the full effect. Stimulus and forbearance used instantly to keep the fiat worlds cards stacked in a house-like appearance.
The only Conclusion? We ain't seen nothin' yet.
Not Financial Advice.
Breakout of multi-year wedge
Diagonal Resistance Line Turns Support
Price Accumulates below the Long term resistance near .20 then breaks out.
Moving averages looking parabolic but RSI nearing the top on the higher timeframes.
Lot of you hate on XRP & thats cool. At this point I think it's a choice to ignore how integrated this crypto already is. The public is always the last to know and normally a decade later. Market Caps will get to unfathomable numbers at next market top due to the inflation of fiat dollars. Until we are on a new monetary system the "next bubble" will have to be bigger than the previous. Many coins will go into the stratosphere. Witnessed it in 2017. America was baffled at the wealth amassed by Sam Walton a short time ago only for it to be entirely dwarfed by Amazon's Bezos just a few decades later.
A lot of speculators attempt to determine what is and isn't possible with XRP & other cryptos but consider this. 20 people each invested in Amazon during a private funding round to raise $1 million in the early days. Each gave $50k and in return received a %1 share of the company. Today that is worth over 15 billion dollars or a 300,000x increase.
What will eventually happen with the crypto market will even dwarf that in the very best of returns. They wont be able to print the fiat fast enough. Where will all that money go if you can only spend it digitally/electronically? How long will people carry exact change before caving to the digital system?
What about when there is now accepting Bitcoin & Alt deposit signs outside of major US banks?
(thanks alot Brian Brooks!)
Crypto is part of the covid "cure". We've been shown this many times subconsciously & in the open. World economies yet to feel the full effect. Stimulus and forbearance used instantly to keep the fiat worlds cards stacked in a house-like appearance.
The only Conclusion? We ain't seen nothin' yet.
Not Financial Advice.