XRP possible sleeping giant
XRP has had quite some trouble lately, partially due to the SEC classifying XRP as a security. Though yesterday came out the news that the SEC is doubtful about its verdict. This might have been a set-up or a divergence to deliberately keep XRP on the background and setting up some hedge funds and futures to shoot big money in the pool when the time is ripe.
Technically older chart patterns as Bitcoin itself with all the older beartrends and bottoming out, it has always done a very elongated inverted H&S. As XRP has touched already 3 times in a row the price level of 0.8 usd and got rejected I am quite sure the 4th time will be a go. There's also a comparison with previous bullrun where XRP hesitated for a moment and had a revisit to a certain price level as well before shooting up.
I can not guarantee this bullrun, but it is technically possible and I might not be surprised of the suprises Ripple has in for us. Btw, XRP has always been a late bloomer, but when it comes, there is no holding. Many people have lost hope in this coin or are totally against the fundamentals as it is a banking coin, well they have literally the most practical use cases and hundreds of contracts. Many Asian banks have been using xrp in test phases and for cheap transfer already. But there might be a next step where institutions might want to hold on those tokens as assets.
Also we know that xrp is xrapid and not xcurrent, which is the coin practically used for banking, but the success of the company is related in its tokens as well.
3 years ago there has been specualtions and predictions of a price point of 7, 10 and even 14 usd.
Think about it.
Technically older chart patterns as Bitcoin itself with all the older beartrends and bottoming out, it has always done a very elongated inverted H&S. As XRP has touched already 3 times in a row the price level of 0.8 usd and got rejected I am quite sure the 4th time will be a go. There's also a comparison with previous bullrun where XRP hesitated for a moment and had a revisit to a certain price level as well before shooting up.
I can not guarantee this bullrun, but it is technically possible and I might not be surprised of the suprises Ripple has in for us. Btw, XRP has always been a late bloomer, but when it comes, there is no holding. Many people have lost hope in this coin or are totally against the fundamentals as it is a banking coin, well they have literally the most practical use cases and hundreds of contracts. Many Asian banks have been using xrp in test phases and for cheap transfer already. But there might be a next step where institutions might want to hold on those tokens as assets.
Also we know that xrp is xrapid and not xcurrent, which is the coin practically used for banking, but the success of the company is related in its tokens as well.
3 years ago there has been specualtions and predictions of a price point of 7, 10 and even 14 usd.
Think about it.
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