XRPלונג
Ripple Long forecast
מעודכן
From an all time high of 3.30, XRP has retraced back down to 0.9x levels. While this is a huge drop, we also have to be considerate of the fact that, at this time last year, the price per XRP was about 0.2x.
Some simple math tells us that 0.2 to 3.3 is a 16.5x growth. And 0.2 to 0.9 is a 4.5x growth. So from 3.3, we've retraced down by about 72.5% to 0.9.
Currently the price is in a tight, converging channel and is looking to break up sometime soon. The retrace from 3.3 to 0.9 is huge, but it's fine. Buying XRP is a long term play as it doesn't have the price movement to really day trade it.
Don't panic over the large retrace. In fact, we're using this as an opportunity to buy more.
For those of you that don't keep up with Ripple news, the CEO of Ripple and Coinbase will be appearing on TV later tonight (March 6, 2018). Furthermore, Ripple has been securing more and more contracts and partnerships, and several international banks (mostly Asian ones) are even testing Ripple's products known as xRapid and xCurrent. Additionally, Coinbase has recently made several dozen new hires. Now there have been some rumors flying around that Coinbase will be adding Ripple this week, but Coinbase has said they "have not made any decision as of yet."
Which doesn't mean that they won't eventually make a decision later on... Maybe tonight. We'll see. I firmly believe we will see Ripple on Coinbase this year, because they would be stupid not to add a major crypto coin to their platform. It's just good business sense on their part to add Ripple.
If they don't add it within the next week, then I think that they're stalling so they (as in the company) and their employees can buy more Ripple. We all remember the day Coinbase added Bitcoin Cash with no warning... Expect another day like that.
We are long and holding on XRP.
Do your due diligence before trading!
Some simple math tells us that 0.2 to 3.3 is a 16.5x growth. And 0.2 to 0.9 is a 4.5x growth. So from 3.3, we've retraced down by about 72.5% to 0.9.
Currently the price is in a tight, converging channel and is looking to break up sometime soon. The retrace from 3.3 to 0.9 is huge, but it's fine. Buying XRP is a long term play as it doesn't have the price movement to really day trade it.
Don't panic over the large retrace. In fact, we're using this as an opportunity to buy more.
For those of you that don't keep up with Ripple news, the CEO of Ripple and Coinbase will be appearing on TV later tonight (March 6, 2018). Furthermore, Ripple has been securing more and more contracts and partnerships, and several international banks (mostly Asian ones) are even testing Ripple's products known as xRapid and xCurrent. Additionally, Coinbase has recently made several dozen new hires. Now there have been some rumors flying around that Coinbase will be adding Ripple this week, but Coinbase has said they "have not made any decision as of yet."
Which doesn't mean that they won't eventually make a decision later on... Maybe tonight. We'll see. I firmly believe we will see Ripple on Coinbase this year, because they would be stupid not to add a major crypto coin to their platform. It's just good business sense on their part to add Ripple.
If they don't add it within the next week, then I think that they're stalling so they (as in the company) and their employees can buy more Ripple. We all remember the day Coinbase added Bitcoin Cash with no warning... Expect another day like that.
We are long and holding on XRP.
Do your due diligence before trading!
הערה
It's all lies. CNBC skipped the interview with Brad Garlinghouse and Coinbase. It's blatant manipulation. But Ripple doesn't need Coinbase in order to succeed. We're still long.הערה
Further investigation shows that CNBC taped the Coinbase-Ripple interview and will release it tomorrow. But with this complete bait-and-switch, it's doubtful there will be any major news. Coinbase has announced a weighted index that they say will track performance of the cryptocurrency market as a whole. Really hoping they would have announced XRP on Coinbase instead. Note that this still doesn't change our long term outlook on XRP.
twitter.com/CNBCFastMoney/status/971168118658752512?s=20
הערה
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