I am sorry to say this bubble has burst and its time to get out while you still can. If you really want to be in ripple for the long term, look to buy again when its at 5 cents or lower! I love crypto, but its time to be a realist. The bubble has burst and everyone will continue exiting until the dust has settled completely, which will still take years of consolidation in my opinion.
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Looks like we have broken out of the trend line!
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The next level to look out for will be 0.26, a break below that level with a re test will give you bearish continuation!
Ripple the rubbish media hype coin. XRP has been making the same claims since it has existed. 'Big deals with big banks' and 'now in testing with xxxx bank!'. It's all the same rubbish year after year to drive dim people into buying the diluted, oversupplied coin.
It's just CONSTANT junk stories about integrating and partnerships with banks. Every month of every year, since it started. The same hype, the same rubbish, the same fade away to the next junk paid story.
Simple stuff.
1) Pay a bank to 'do testing' - which may or may not involve any testing at all.
2) Announce 'Big Partnership - Testing Underway!!'
3) Pay the usual media outlets to run a story on the 'Big Partnership!'
4) Coin goes up, dim people lap it up
5) Mr Ripple dumps more XRP into circulation and becomes incredibly wealthy.
6) Goto 1
Accordium
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@Kerbifer, Except that these banks and institutions confirm that they are using Ripple's blockchain and now xRapid.
Kerbifer
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@Accordium, Paid testing with obscure banks. There is no deal, there is no actual use case. It's paid testing, as normal, as always. I've seen this story year after year. It's a good one! Wow! It's being used!!! Oh wait, tested... again, by no-name banks willing to accept $$$ for 'testing'. Remember how it 'went live for the first time in 2013? Then 2014, Then 2015, then 2016, then 2017, now 2018..?'
cnbc.com/2018/10/01/ripple-xrp-cryptocurrency-product-xrapid-goes-live-for-first-time.html
Accordium
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@Kerbifer, obscure banks... oh dear. Please do never comment about XRP ever again, you clearly have no clue whatsoever.
Kerbifer
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@Accordium,"The fintech firm has partnered with many banks, but those partnerships have so far been primarily focused on the testing and use of its xCurrent product, which is used by banks to track information about a payment in real-time and without a counterparty in order to speed up the process of settlement." & "Figures released by Ripple on Monday show the firm doubled the number of customers signed up to its network in the third quarter from the same period in 2017 — it currently has more than 120."
Wow! 120 people worldwide using Ripple for money transfers! That's the revolution they were talking about in 2013! It's HUGE!
Accordium
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@Kerbifer, 120 customers = banks. You clearly have absolutely zero clue. You're brushing off the worlds leading banks, multi trillion asset organizations as "obscure". It wouldn't surprise me if you were American. Only Americans are this unbelievably dumb.
Kerbifer
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@Accordium, Do a Google history search. It's the same rubbish, year after year. Check out 2014 for XRP - it was HUGE! And as far as validating XRP by the value of banking institutions worldwide - that's as bad as CabCoin throwing around the value of the taxi industry worldwide and correlating it to their growth. It's often hard to accept that you've been led on a merry dance, and the cognitive dissonance factor of realising you've been reading paid stories, and basing your 'investment' on it mustn't be very nice.
Accordium
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@Kerbifer, Hahahaha. I get it. an american + an XRP hater. Exactly the type of person i should take investment advice from.
FYI, XRP was the most improved token in 2017, so don't understand why you keep quoting 2014 stuff.
Kerbifer
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@Accordium, It's not about allegiance and 'hating' a coin. It's not a person, nor a sports team. It's quite a clever scam. I love how it's the 'most improved token' - did they win an award for that. Or did it have 'over eleventy thousand GitHub edits' like Tron? I think XRP is brilliant in its low cost and speed of transaction - I can't fault it there, but as for these constant 'big partnerships!' and paid media hype spanning years - I think it's insulting to anyone's intelligence.
Accordium
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@Kerbifer, I think you're an insult to everyone's intelligence.
Most improved = highest gains.
coindesk.com/us-banks-announce-ripple-protocol-integration
eetimes.com/author.asp?section_id=36&doc_id=1323475
medium.com/@JeroenWHV/the-internet-of-money-8184b96ce269
It's just CONSTANT junk stories about integrating and partnerships with banks. Every month of every year, since it started. The same hype, the same rubbish, the same fade away to the next junk paid story.
Simple stuff.
1) Pay a bank to 'do testing' - which may or may not involve any testing at all.
2) Announce 'Big Partnership - Testing Underway!!'
3) Pay the usual media outlets to run a story on the 'Big Partnership!'
4) Coin goes up, dim people lap it up
5) Mr Ripple dumps more XRP into circulation and becomes incredibly wealthy.
6) Goto 1