XRPLong
XRP still within the ascending channel and about to break ST
Updated
The XRPUSD Monthly chart price action is still within the yearly ascending channel and it is also about the break the 3 years long symmetric triangle (ST). There are many factors that could make the Ripple XRP fundamentals even stronger in 2021 impacting in a very positive way the price of XRP.
1) November 12/12: Airdrop of spark tokens as well as introduction to the flare network.
2) Introduction to XRP Defi features by the flare network.
3) Introduction to Lending/Farming/etc by the flare network.
4) Getting Regulatory Clarity in the US or Ripple headquarter moving to another country where this will be provided.
5) Once regulatory clarity is obtained, existing Ripple partners might start using XRP worldwide.
6) More ODL corridors implemented at the end of 2020 and during 2021.
7) XRP still is the faster ledger network and it is getting more distributed as the network grows.
Remember this is non financial advice and it is only for informational and training purposes.
1) November 12/12: Airdrop of spark tokens as well as introduction to the flare network.
2) Introduction to XRP Defi features by the flare network.
3) Introduction to Lending/Farming/etc by the flare network.
4) Getting Regulatory Clarity in the US or Ripple headquarter moving to another country where this will be provided.
5) Once regulatory clarity is obtained, existing Ripple partners might start using XRP worldwide.
6) More ODL corridors implemented at the end of 2020 and during 2021.
7) XRP still is the faster ledger network and it is getting more distributed as the network grows.
Remember this is non financial advice and it is only for informational and training purposes.
Note
I mean: 1) December 12/12: Airdrop of spark tokens as well as introduction to the flare network. Other points are correct ;)
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.