Xrpusdtlong
[180%] XRP / USDT- We break the last resistance
What Is XRP ?
To begin with, it’s important to understand the difference between XRP, Ripple and RippleNet. XRP is the currency that runs on a digital payment platform called RippleNet, which is on top of a distributed ledger database called XRP Ledger. While RippleNet is run by a company called Ripple, the XRP Ledger is open-source and is not based on blockchain, but rather the previously mentioned distributed ledger database.
The RippleNet payment platform is a real-time gross settlement (RTGS) system that aims to enable instant monetary transactions globally. While XRP is the cryptocurrency native to the XRP Ledger, you can actually use any currency to transact on the platform.
While the idea behind the Ripple payment platform was first voiced in 2004 by Ryan Fugger, it wasn’t until Jed McCaleb and Chris Larson took over the project in 2012 that Ripple began to be built (at the time, it was also called OpenCoin).
Its about time! I've been holding XRP since November 2017 whilst continuing to buy more along the way. Its been extremely hard to keep the faith during its very long period of capitulation. It currently forms 2/3rd of my speculative portfolio which shows my high conviction but also the fact that i am overly exposed to this crypto asset.
I've always been focused on the utility of the token with the end game being institutional adoption. Right now Ripple may have lots of partners who have signed up but i don't think that we have even seen a drop in the ocean when it comes to institutional adoption. I'm hoping that XRP goes to $17 - $18 within the next 12 - 18 months, however, why wouldn't it go to $50 000 - $500 000 per token once there has been:
Large scale institutional adoption.
Regulatory clarity in the US.
Complete deployment of all the XRP that is held in escrow.
More decentralized validators secured around the world.
lastly a household change in sentiment around XRP and its use case. Its such a hated crypto asset at the moment.
It may take another 10 - 15 years before all theses points can be addressed, however, as long as it reaches those insane numbers, it doesn't matter if it taken 2 years or 15 years.
The trading signals suggest that XRP may be overbought and in need of a healthy correction. Having studied the trading signals of different cryptos during their parabolic bull runs, these signals can become fairly useless as large amounts of capital flow into the various crypto assets. when bull runs happen in cryptos you simply buy and hold. If the crypto token corrects after a meteoric rise, don't panic. look to the end game.
Please like and follow for daily posts on various asset classes. Please also share your views on the trading ideas and whether or not you find them to be of any value to you as a trader.
Please note that cryptocurrencies are speculative assets which carry a very high degree of risk and any speculation in such assets can result in a complete loss of capital. This idea is shared for educational purposes only and should not result in speculative decisions in any digital asset.
Bullish move next?Following the previous analysis, I am now posting an analysis for the short term view.
We seem to have an inverse Head & shoulder pattern forming on the daily chart at the moment. Usually this is a bullish pattern that signals a trend reversal , especially when formed on longer time frames. On the MACD indicator we can also see a bullish divergence on the same time frame. Once the volumes will pick up, I would expect a breakout towards the $0.80 area had two attempts on being broken. I will not discount another re-test of the $0.44 - $0.46 area before take off once the inverse H&S completes.
Good luck!
XRP is about to blow up!Here are my thoughts about where XRP is going next.
The initial idea I have published last year got delayed due to the SEC irresponsible and soon to be proben wrong actions. Nevertheless, the chart still looks bullish respecting the initial EW count expecting to see the 3rd one to continue in a very explosive move. After the initial move to $0.75 - $0.80 area back in December the MACD had reset to zero and there's a lot of room to the upside. The price of XRP has been consolidating for about three months in the $0.25 - $0.60 area and a second attempt to break the $0.75 - $0.80. Once the break will happen, then we will see a rapid move to $1.25 - $1.35 and a continuation toward the ATH and past that. Personally I am expecting XRP to top EW 3 around the $13 - $14 area , followed by a corrective wave 4 and a then a flow off top around $20 -$22.
As we are looking at the weekly chart, one can argue that the price has been consolidating now for the past three and a half years since the $3.80 ATH and usually, the longer the consolidation lasts, the more violent the breakout will be.
As always, good luck and make sure you don't over invest in any markets and you are comfortable with the risks taken. My ideas are not investment advice but only my opinions and analysis on these charts.
XRP - The way to the moonI know these last month everyone was disappointed with XRP! But I have a surprise package here , if you look at the chart the purple route is the way that xrp can go up, actually, I believe after a big fall we need reverse head and shoulder or double/triple bottom to jump and recover half of the way. and then we have the option for the flag and Eliot channel to recover the rest of the way. now what I see here is a double bottom. in the next post, I will should you what I expect from this move, and why I believe xrp might never see this price anymore. ;)
In my charts :
red : stoploss
green / purple / blue targets for ideas
orange : entry point for long