First off, sorry to anyone who follows me. I've been very busy in my personal life and haven't had any time to post charts.
Anyone who is holding ripple or looking to buy some should be aware of these two possibilities. Both of which are bullish long term.
Fundamentally, ripple is the only crypto with an actual legitimate use case and we can verify that through the growing adoption around the world by banks small and large. They have a working product, it's better than the existing product (swift) and it's ready to be implemented. Every other crypto currency including bitcoin and ethereum don't have this, yet.
In may, Ripple announced they would be locking up roughly 60billion of the total supply in escrow AT THE END OF THE YEAR.
Most of you know ripple moves extremely fast on news, and you will miss the move if you are not already in. Buy stops could be useful here if you know what your doing and don't want to lock up your capital.
On the chart I show two scenarios. Currently we are trading between this rising wedge and sitting at the top of the wedge. Should the bears come into play here we could see a move down to around .20 cents again this week which I strongly believe would be followed by more bulls coming into play.
On the other hand if we see weakness from the bears and price remains steady around .24 we will soon get a break above .25 and be heading very quickly towards .50-.55 cents
Mind you, .55 is very reasonable for ripple as the market cap would still keep ripple as #4 on coinmarketcap.com under neath bch, eth, and btc.
It's also worth noting that all of the top 10 cryptos have had massive bull runs recently except for XRP.
Bottom line, I am vey bullish on ripple and you should be to.
Anyone who is holding ripple or looking to buy some should be aware of these two possibilities. Both of which are bullish long term.
Fundamentally, ripple is the only crypto with an actual legitimate use case and we can verify that through the growing adoption around the world by banks small and large. They have a working product, it's better than the existing product (swift) and it's ready to be implemented. Every other crypto currency including bitcoin and ethereum don't have this, yet.
In may, Ripple announced they would be locking up roughly 60billion of the total supply in escrow AT THE END OF THE YEAR.
Most of you know ripple moves extremely fast on news, and you will miss the move if you are not already in. Buy stops could be useful here if you know what your doing and don't want to lock up your capital.
On the chart I show two scenarios. Currently we are trading between this rising wedge and sitting at the top of the wedge. Should the bears come into play here we could see a move down to around .20 cents again this week which I strongly believe would be followed by more bulls coming into play.
On the other hand if we see weakness from the bears and price remains steady around .24 we will soon get a break above .25 and be heading very quickly towards .50-.55 cents
Mind you, .55 is very reasonable for ripple as the market cap would still keep ripple as #4 on coinmarketcap.com under neath bch, eth, and btc.
It's also worth noting that all of the top 10 cryptos have had massive bull runs recently except for XRP.
Bottom line, I am vey bullish on ripple and you should be to.
Comment:
Congratulations to everyone who held on and didn't lose faith while LTC was taking off this morning! .55 is the next stop before end of year.