XRP getting listed on Coinbase was one of the biggest achievements for XRP because it means that it more than likely isn't a security. Coinbase is heavily regulated and strictly complies with regulators. Them listing XRP is a huge buy signal. It means that it isn't a security and will be more widely adopted. XRP is a hedge to institutions such as SWIFT, and is already being used by many banks across the globe.
Today I was thinking that XRP was looking slightly bearish. Now reading that OKex will be opening up a fiat pair with XRP has got me thinking the opposite now. Pair this with the overall market trend and I think we've got a winner.
At a very crucial time when we think the worse moment is over with Ripple (XRP). On the daily chart, we have seen ripple against bitcoin (XRP/BTC) forming a gravestone doji . The gravestone doji is a strong bearish reversal pattern that often leads to big further downward trend. This doji was formed as a result of the price that ran into the 50 day moving average but faced a strong rejection and was forced to decline below the 21 day exponential moving average. How does this effect Ripple (XRP)? Implication: It means that the professional traders and retail traders are not on the same page here. The uptrend we have seen in the market over the last 48 hours will most likely be over soon when the professional traders are done selling their coins to unsuspecting retail traders who believe this is the trend reversal they have been waiting for
XRP showed better dynamics than the market, adding more than 24%. for those who managed to buy and is in position, the right thing to hold it. For those who could not do this, it may be better to wait for the correction and buy the asset with the best profit / risk ratio.
Recently, any individuality in the nature of the XRP movement is not noticed, it will be able to reveal its potential for a cryptocurrency only after the overall market trend changes.
If by the end of the year Ripple partners start using XRP in their daily activities, then growth to $ 1 may well take place. Then everything will depend on the development and use of XRP. As soon as people see that this has really happened, interest in cryptocurrency will increase, as will its value.
XRP - excellent dynamics over the past 7 days! I am watching Ripple closely for some time, and the team is on right track. They have just announced their entry to the Asian and the Middle East market, through opening an operations center in Dubai by the end of 2018 - and the news has been reflected in the price immediately. The Middle East is a new market for Ripple, but very important. A lot of people working here are foreigners who constantly send money home, to other countries and face large commissions for transfers. It's high time to jump on this train before it's not too late.
The price of XRP declined in October by 22%, but this figure looks quite normal if we recall that in September the coin showed a 75% increase. From a technical point of view, quotes are in the area of the trend line and can rebound at any time. Recently, the pair shows the dynamics along with the market, but in the long terms the fundamental factors are still on the bulls side.
What might drive the price of Ripple this year is the news that one of the payment giants like Western Union finally decided to adopt XRP technology. There are rumors about that all the time but nothing is definite, it's the same as Amazon and bitcoin...
Nobody knows what's going to happen with Ripple alone or with cryptos altogether in the next couple of months, people who say they Do are just trying to get you buying /holding or simply fool themselves. Dump cryptos, buy stocks instead if you are not one of those I-want-to-wake-up-a-billionnaire-tomorrow.
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Ripple is a centralized and premined cryptocurrency. Founded in 2012 the Ripple company has created RippleNet, a blockchain platform for global payments. Its token Ripple (XPP) is now one of the fastest growing digital assets and has the 5th largest market cap. The number of coins is...