Global analysis of XRP! How much longer sit in coin? 💤
Ripple is a private company that made its native 
XRP token.
According to company,
XRPUSDT should become a bridge in international transfers and replace SWIFT.
After all, transactions in XRP are much faster and cheaper than transfers to Visa, Mastercard, UnionPay - this is true.
At the moment, Ripple is owned by dozens of banks around world.
Company also opens representative offices in different countries.
In recent years, two factors have weighed on the price:
1) Lawsuit against company from the SEC USA.
2) Constant sales of coins to market from the founder Jed McCaleb.
The second factor especially strongly didnt allow coin to grow in recent years.
Bloggers on YouTube channels in 2020-2022 aggressively put people into this coin, but price was constantly falling.
This suggests that founder of Ripple was paying popular bloggers to unload his coins on the common people.
If you bought this coin in large volume during the period 2020-2022, remember that you probably did it under the impression of words of your favorite blogger.
🪙 The company states that maximum number of coins will be 100 billion.
At the moment, there are about 50 billion coins in circulation.
The price for 1 coinXRPUSDT is currently ~$0.45.
And current capitalization of all coins is $23 billion.
Let's look at chart for all time.
It can be seen that throughout history price has been moving sideways by $0.1-2.
However, since 2021, volumes in the coin have noticeably increased and continue to be at a constant level.
This suggests that ahead, maybe in 1-2 years we will see a strong shot of the coin in range of $1.5-2.
❗️If this happens, then the coins need to be sold, not bought.
Just think how many people have been sitting in the coin since 2017.
All this time, it has been trading sideways, and as soon as the price reaches the upper limit, a huge number of people will want to sell coins.
🔰 Our recommendation:
The coin can be held, but only up to 1-3% of the crypto portfolio.
Any positive news should be used to fix profits.
P.S.
By the way, the XRP coin is usually the last to rise in a bull market.
After that, a period of decline begins in the entire crypto market.
XRP token.According to company,
XRPUSDT should become a bridge in international transfers and replace SWIFT.After all, transactions in XRP are much faster and cheaper than transfers to Visa, Mastercard, UnionPay - this is true.
At the moment, Ripple is owned by dozens of banks around world.
Company also opens representative offices in different countries.
In recent years, two factors have weighed on the price:
1) Lawsuit against company from the SEC USA.
2) Constant sales of coins to market from the founder Jed McCaleb.
The second factor especially strongly didnt allow coin to grow in recent years.
Bloggers on YouTube channels in 2020-2022 aggressively put people into this coin, but price was constantly falling.
This suggests that founder of Ripple was paying popular bloggers to unload his coins on the common people.
If you bought this coin in large volume during the period 2020-2022, remember that you probably did it under the impression of words of your favorite blogger.
🪙 The company states that maximum number of coins will be 100 billion.
At the moment, there are about 50 billion coins in circulation.
The price for 1 coin
XRPUSDT is currently ~$0.45.And current capitalization of all coins is $23 billion.
Let's look at chart for all time.
It can be seen that throughout history price has been moving sideways by $0.1-2.
However, since 2021, volumes in the coin have noticeably increased and continue to be at a constant level.
This suggests that ahead, maybe in 1-2 years we will see a strong shot of the coin in range of $1.5-2.
❗️If this happens, then the coins need to be sold, not bought.
Just think how many people have been sitting in the coin since 2017.
All this time, it has been trading sideways, and as soon as the price reaches the upper limit, a huge number of people will want to sell coins.
🔰 Our recommendation:
The coin can be held, but only up to 1-3% of the crypto portfolio.
Any positive news should be used to fix profits.
P.S.
By the way, the XRP coin is usually the last to rise in a bull market.
After that, a period of decline begins in the entire crypto market.
👀 Торговые идеи это хорошо, но гораздо важнее торговая стратегия, которая приумножит твой капитал.
О том как ее создать я рассказываю на своем Телеграм канале: t.me/+SDGQbauVgnJhYmFi
📊 Торгую на бирже BingX:
bingx.com/invite/XLQBBK
О том как ее создать я рассказываю на своем Телеграм канале: t.me/+SDGQbauVgnJhYmFi
📊 Торгую на бирже BingX:
bingx.com/invite/XLQBBK
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