XRP is oversold and is very unlikely to leave its long term channel to the downside in the midst of the new bull market. Therefore the downside is a spring which means expect a strong rally to 60c very shortly.
Numerous tech startups with no real business model hemorrhaging money to obtain fleeting users who just get bored of that app and go to the next app 2 months later.
Tech stocks are all time highs with trillion dollar company valuations?
Yep it's another dot com bubble and it's popping right now.
Get out while you still can.
Crude OIL is an essential feedstock to the global economy. When the economy goes into recession OIL usage plummets as the structure of production recalibrates to account for misallocated resources. OIL heavy industries scale back, travel scales back, people save money and travel less. 2019 will be the beginning of a new 10 year cyclic recession period. The first...
Despite the ongoing bearish sentiment against crypto in general, XRP continues to enjoy improving fundamentals. The stubborn resistance at 30c is probably smart money accumulating the bottom. Falling wedge on the 4h indicates a tick up, forming a double bottom with the recent September lows. This is consistent with our long term outlook below.
Trade deficit paints the picture. New Zealanders import $1b NZD more than they export every month. Despite outward appearances the NZ economy is not doing well. Trade deficit continues to widen. US dollar continues to strengthen. Suspect the NZD will continue its down trend until it hits the bottom of extremely long term rising triangle.
With real banks using RippleNet and R3 Corda to settle international and (in the case of Japan) national payments over the public XRP ledger using XRP this coin now has the most real world adoption of any crypto, and the most potential. Shorts at all time highs demonstrate price suppression. Now at the bottom of the long term channel the reversal is obvious and...