I've been holding XRP since November 2017 whilst continuing to buy more along the way. Its been extremely hard to keep the faith during its very long period of capitulation. It currently forms 2/3rd of my speculative portfolio which shows my high conviction but also the fact that i am overly exposed to this crypto asset.
I've always been focused on the utility of the token with the end game being institutional adoption. Right now Ripple may have lots of partners who have signed up but i don't think that we have even seen a drop in the ocean when it comes to institutional adoption. I'm hoping that XRP goes to $17 - $18 within the next 12 - 18 months, however, why wouldn't it go to $50 000 - $500 000 per token once there has been:
It may take another 10 - 15 years before all theses points can be addressed, however, as long as it reaches those insane numbers, it doesn't matter if it taken 2 years or 15 years.
The trading signals suggest that XRP may be overbought and in need of a healthy correction. Having studied the trading signals of different cryptos during their parabolic bull runs, these signals can become fairly useless as large amounts of capital flow into the various crypto assets. when bull runs happen in cryptos you simply buy and hold. If the crypto token corrects after a meteoric rise, don't panic. look to the end game.
Please like and follow for daily posts on various asset classes. Please also share your views on the trading ideas and whether or not you find them to be of any value to you as a trader.
Please note that cryptocurrencies are speculative assets which carry a very high degree of risk and any speculation in such assets can result in a complete loss of capital. This idea is shared for educational purposes only and should not result in speculative decisions in any digital asset.
I've always been focused on the utility of the token with the end game being institutional adoption. Right now Ripple may have lots of partners who have signed up but i don't think that we have even seen a drop in the ocean when it comes to institutional adoption. I'm hoping that XRP goes to $17 - $18 within the next 12 - 18 months, however, why wouldn't it go to $50 000 - $500 000 per token once there has been:
- Large scale institutional adoption.
- Regulatory clarity in the US.
- Complete deployment of all the XRP that is held in escrow.
- More decentralized validators secured around the world.
- lastly a household change in sentiment around XRP and its use case. Its such a hated crypto asset at the moment.
It may take another 10 - 15 years before all theses points can be addressed, however, as long as it reaches those insane numbers, it doesn't matter if it taken 2 years or 15 years.
The trading signals suggest that XRP may be overbought and in need of a healthy correction. Having studied the trading signals of different cryptos during their parabolic bull runs, these signals can become fairly useless as large amounts of capital flow into the various crypto assets. when bull runs happen in cryptos you simply buy and hold. If the crypto token corrects after a meteoric rise, don't panic. look to the end game.
Please like and follow for daily posts on various asset classes. Please also share your views on the trading ideas and whether or not you find them to be of any value to you as a trader.
Please note that cryptocurrencies are speculative assets which carry a very high degree of risk and any speculation in such assets can result in a complete loss of capital. This idea is shared for educational purposes only and should not result in speculative decisions in any digital asset.
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JesseMorgans
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