So it's time once again to check in on our old friend Ripple a.ka. bankster coin. A few weeks ago D4 told you it would get ripped in half, and as you can see we're getting there. Right now XRP is breathing a whiff of fresh air, hoping that the torment is over. But fallas, this is NOT the bottom.
Ripple is trying all its best though, but you, my smart and sexy followers all know that it's still up to grand master Bitcoin to decide who lives and who dies, and BTC is not letting XRP off the hook yet.
Get ready for rock bottom! Yes. D4 hates to be the bringer of bad news, and please be mild on him for doing it, but Ripple is going to smash into the landing zone with 200 km/h, and when BTC bottoms out near the 6.000-5,000 USD-level, Ripple is gonna do 0.40 USD (where we have our first support level) or even down to 25 cents, where we have HUGE support (Black Line, Point of Control).
So what to do? Well, good news is that Ripple is not gonna die. The banks are deep invested into keeping it alive, so when this cold and scary crypto winter comes to and end and spring arrives, Ripple too will breath new life and once again rise from the ashes.
When it reaches $2 again, maybe CNBC will even re-run their segment on how to buy it?
Only one thing is certain. Your humble servant D4 will be there to follow Ripple and give you all the latest developments in its tumultous life.
D4 Loves You <3
If you believe that Ripple will make it, give a LIKE to show it some love in its darkest hour! If you HATE RIPPLE, please do ma a favor and LIKE this analysis too. Thanks, friends <3
評論
⋅
Ouuuch, oouch, RIPPLE! 4h chart this time. We are in a downtrend channel as you can see. Pay attention to the yellow circles.
Price is making lower highs, while the RSI is making higher highs. Ladies and Gentleman, once again, Hidden Bearish Divergence, which means we will continue our downtrend.
Please give a LIKE if you appreciate all my work - thx in advance, my friends <3
評論
⋅
Ripple is still doing badly. As you can see a HS formation took us down, and even worse a bear flag has now taking form, which predicts we will fall even lower in a free fall.
uh... none of this matters if Ripple loses the court case with R3! The contract in question included an option allowing R3 to buy up to 5 bln XRP tokens at a price of $0.0085 each at any time before the end of 2019.... Ripple is no longer honoring this contract (now that the price is waaaaay over that.) This case is going to supreme court this year in NYC. This is R3's home turf... Even if Ripple wins, the threat of them losing and handing over 5 BILLION XRP tokens at a price of LESS THAN 1 CENT will kill this crypto as everyone races to sell their positions before this 5 billion coins get sold. And you know they will get sold.... lawyers need to be paid! I won't touch XRP with a 10 ft pole!
Ahmed3732
⋅
@davidflana, Another great point. I refer everyone to citi groups analysis on Ripple XRP. They have stated they have no interest in XRP and other banks don’t either. R3 has made some headway in regards to the lawsuit and XRP will suffer big time. Also refer to my comment below for additional points.
@davidflana, meh - even if R3 wins (which is a long shot) ...the contract stipulates they can only sell them at 0.5% of daily volume which would not impact XRP at all.
If you boguht XRP at higher levels of, 3.4, 2.5, 2, 1.3 etc etc....i would double my XRP investment money now. If it drops more at lower levels of 0.4 or 0.3, i would add more money. Your XRP average would go down a lot, which means that whenever XRP goes to 1.3 usd, or 1.5 you would have made all the money you may have 'lost' during the downtrend. What i would not do, is sell now.
EtherSwinger
⋅
@GazMema, wat about sell and buy at half the price? You'll get twice the coins, and twice the profit when it goes to 1.3
GazMema
⋅
@EtherSwinger, how do you know it's gonna go at the desired price? If you bought at 2usd, and you sell now wishing it goes down and buy then, but tomorrow it turns around....you just lost the opportunity to gain some of the lost money