Introduction, and Ripple (XRP) situation
Hello everyone,
First of all let me introduce myself, I can feel lots of you guys are really lost in cryptoverse at the moment, I will do my best to try and help you guys out with figuring out what the heck is going on! I have over 15 years of trading experience stocks and roughly 4 years in cryptocurrencies, so there is some trading history on my back.
So about Ripple, you either love it or hate it, I personally love it, Ripple is one of not so many coins that actually has some use in world unlike Bitcoin.
I have a hunch, and my hunch is not a GUESS it is based on a lot of things I've been through.
Let's start:
Technical analysis:
Ripple has formed a huge months long triangle as you can see from photo above it got supported where it had to be supported and had ressistance where it was needed as well. If bitcoin behaves, I can almost guarantee you guys this will be one of coins people will regret for not having. HOWEVER, if this support somehow breaks (I would assume bitcoin fell below it's crucial support of 30k) Ripple could experience a dip to some 0.3-0.4 region, which would be no brainer buy.
Also, the most important thing I'm being focused on is the XRP/BTC chart, I'll make another idea later on.
Fundamental:
Ugh, where do I begin, Ripple is constantly giving us excellent news with their technology being implemented somewhere (last was something with UAE if I'm not mistaken). Ripple has enormous community, it's one of the oldest coins and with community still being hyped about it.
SEC
Let's talk about that, I'll keep it short, they're shooting blanks at the moment, SEC in my opinion got lost in their crypto adventure, they have no real proof of anythng they're stating, there are two ways this could go on either Ripple wins, which is not likely as they're 'fighting' U.S. gouverment or they'll go with settlement either of these news is extremely bullish, but WHY. This would mean XRP will be the ONLY really centralised coin, 'approved' by one of the leading gouverments.
Once you connect all of the dots when you combine bullish technical and bullish fundamental news (SEC R.I.P.) you'll get a massive BOOM. Last year, most of the coins achieved their ATH or at least retested previous. Imagine what will XRP do.
If you have any questions, I have some time off work in next few weeks, I'll try to be as responsive as possible.
Let's just be clear, this is ONLY my opinion and not a suggestion, you have to step up and do your own research and learning.
Until next idea,
your TradingInformator!
First of all let me introduce myself, I can feel lots of you guys are really lost in cryptoverse at the moment, I will do my best to try and help you guys out with figuring out what the heck is going on! I have over 15 years of trading experience stocks and roughly 4 years in cryptocurrencies, so there is some trading history on my back.
So about Ripple, you either love it or hate it, I personally love it, Ripple is one of not so many coins that actually has some use in world unlike Bitcoin.
I have a hunch, and my hunch is not a GUESS it is based on a lot of things I've been through.
Let's start:
Technical analysis:
Ripple has formed a huge months long triangle as you can see from photo above it got supported where it had to be supported and had ressistance where it was needed as well. If bitcoin behaves, I can almost guarantee you guys this will be one of coins people will regret for not having. HOWEVER, if this support somehow breaks (I would assume bitcoin fell below it's crucial support of 30k) Ripple could experience a dip to some 0.3-0.4 region, which would be no brainer buy.
Also, the most important thing I'm being focused on is the XRP/BTC chart, I'll make another idea later on.
Fundamental:
Ugh, where do I begin, Ripple is constantly giving us excellent news with their technology being implemented somewhere (last was something with UAE if I'm not mistaken). Ripple has enormous community, it's one of the oldest coins and with community still being hyped about it.
SEC
Let's talk about that, I'll keep it short, they're shooting blanks at the moment, SEC in my opinion got lost in their crypto adventure, they have no real proof of anythng they're stating, there are two ways this could go on either Ripple wins, which is not likely as they're 'fighting' U.S. gouverment or they'll go with settlement either of these news is extremely bullish, but WHY. This would mean XRP will be the ONLY really centralised coin, 'approved' by one of the leading gouverments.
Once you connect all of the dots when you combine bullish technical and bullish fundamental news (SEC R.I.P.) you'll get a massive BOOM. Last year, most of the coins achieved their ATH or at least retested previous. Imagine what will XRP do.
If you have any questions, I have some time off work in next few weeks, I'll try to be as responsive as possible.
Let's just be clear, this is ONLY my opinion and not a suggestion, you have to step up and do your own research and learning.
Until next idea,
your TradingInformator!