beentold
Singkat

Where do we go from here?

KRAKEN:XRPUSD   Ripple / Dollar
142 2 1
We are approaching the trend tunnel that was created just after Christmas with that huge pump (green lines). If we enter it and stay there, XRP has consolidated and remains in a very strong growth pattern. If we leave it downwards and get close to the USD 2.00 mark, it is my opinion, that we will see a big dump. I was hoping for some stabilization for XRP after it broke USD 2.00, but instead in jumped straight up over USD 3.00 and beyond. Now it's falling back down and it may be a much bigger fall than it would have been, had we consolidated around USD 2.00.
It starting to look to me like XRP has become a bit of a bubble in a bubble. That Ripple is a great company with great solutions for banks. But that XRP is nothing more than a way to collect capital and pump it to sell at huge profit. It seems to me like they were (are?) artificially inflating the price of XRP. For no reason other than to sell it off. I may be wrong. And I hope I am. I really like the fast and cheap transfers of XRP. But all these announcements about partnerships... They are partnerships with Ripple, but explicitly NOT with XRP. And that worries me. As soon as we hit USD 2.00 downwards, I am taking out my initial investment and keeping only the surplus which I will continue to hold long term.
Ripple and bit connect are the two biggest scams in crypto. I feel bad for new entrants who bought at the top, however doing your research and knowing exactly what you're buying is super important. Live and learn.
Balas
beentold VIcento
@VIcento, true! I got into it around 60 Cents I think. Also before realizing it's basically a scam. Now it's all about finding the right moment to get out with maximum profit. Then put everything in XLM.
Balas
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