1 - Monday, Coinone (biggest korean exchange) is listing xrp. And is removing buying fees on XRP.
2 - Sometime next week, Bitbank (chinese coinbase) is listing xrp as well.
3 - Ripple is probably gonna announce soon most likely at their 2017 consensus (May 22-24, 2017) that they will freeze the 61.6 Billions coins which are not in the market.
4 - Ripple network updates allow the protocol to process as many transactions as Visa in the same time span, but at much cheaper cost
5 - This one needs to taken with cautious but there is rumors about Coinbase adding XRP as well in a near future.
XRP value went up by a lot lately and lot of people seems to think there is a need for a price correction.
But imo , XRP is not even at the price it needs to be. Low price means more and that's something they don't want.
This is not a trading advice, just a personal TA and opinion.
Please feel free to comment and let me know what you think.
Now it is time to retrace and consolidate a bit.
It was a crazy ride. Missed some of it tho, but better make profit than cry later.
Looking to get back in somewhere between the bottom of the triangle and the 1.618 fib.
Be careful and don't rush on buying back in, we could see a bigger retrace.
Here is an update on my chart :
And then it would mean inflation for decades before going into deflation.
Slow or fast doesnt matter.
Most cryptocurrencies are deflationary to mimic gold rather than fiat. Bitcoin is highly deflationary on the long term.
Right now, this is just a exponential growth.
As i stated, Low price means more volatility and that's something they don't want.
I could get more in details on why and where i think the price will be in some times but people will probably just call me insane. So i just do TA and not suggesting to hold forever. Sell when you think it is right. If you jumped on the boat when i called it, my prediction of a + ~5000 sat is right on point, hope you made some $$ on it.
And we all don't really like banks, but those are essential and need to evolve. Fast transactions is what we need, this will help a lot the banking system.
Have a good day.