In this article we are going to see about Ripple XRP: It's The SEASON! Last WARNING!...
Good Day XRP Gang! It’s the start of a new week that will bring us to the Autumnal Equinox and another day closer to XRP becoming THE crypto currency! We will delve into the data of where XRP sits currently with a look at the chart analysis coming up but there’s a lot more to share with you. We get going with some thoughts shared by a noted journalist and analyst. In an opinion piece from the New York Post, Charles Gasparino offered his thoughts on the ongoing SEC vs Ripple trial and about the future of cryptocurrencies. He says, The noise surrounding the $2.2 trillion crypto industry often drowns out the reality that we are on the verge of something revolutionary. If things go right, crypto and the blockchain technology could usher in the next Internet revolution. Things are now going terribly wrong. The US stands the very real chance of killing his business here by driving digital innovation overseas and ceding advancements to other countries including Communist China. Why? Because our regulators, mainly those at the Securities and Exchange Commission, are either too feckless or too turf-hungry (or a combination of both) to understand the dangers of their asinine approach to overseeing a nascent and important technology.
Yes, there is a need to regulate the crypto world. Hype in cryptocurrencies seems to pop up every day (boxer Manny Pacquiao has one) and criminals use digital coin for payment. Meanwhile, the currencies themselves often seem divorced from improving the all-important blockchain technology that could revolutionize how we buy and sell stuff. But recall the Internet of 1995, the time of the Netscape IPO, when the digital revolution was about to explode. Criminals certainly used online venues (they still do) to do bad stuff. There was lots of hype. Do not forget the bubble that exploded around 2000, causing significant small investor losses. That was then and according to Gasparino, the regulations and leadership from the SEC was more proactive and acted within the bounds of their authority. The guidance of the Commission then helped lead to great economic success for on-line businesses that are enjoyed today. His piece continues saying, that now, More troubling is the reckless Keystone Cops method the SEC is employing to regulate this crypto. Current Chair Gary Gensler wants to crack down on crypto even harder than Clayton, even though the SEC’s authority is limited based on current law, which means it needs to stretch to make cases. And as the SEC stretches, crypto business is looking for friendlier venues to operate.
The people close to Ripple say their US operations have stalled, but they’re flourishing overseas. We have already seen Ripple make strides abroad and have reported about business ties they already have established in Europe, Africa, Asia and even South America. It’s those ties that almost guarantee success for XRP and RIpple no matter the outcome of the ongoing trial. Ready for a trip to the moon? Or beyond? Moving on, we have this report from Forbes that features comments from the ECB President. Bitcoin and cryptocurrencies have exploded in value over the past year, making the combined crypto market worth a staggering $2.1 trillion. The bitcoin price, peaking at almost $65,000 per bitcoin in April after a blistering six-month rally, has settled at around $50,000—for now. Meanwhile, the ethereum price has soared even further, boosting the price of many of its newer rivals. Now, amid a surge of interest in smaller cryptocurrencies such as cardano, Binance's BNB, Ripple's XRP, solana and dogecoin, European Central Bank (ECB) president Christine Lagarde has warned cryptocurrencies aren't currencies and should be treated as "highly speculative" and "suspicious." I think we have to distinguish between cryptos that are those highly speculative, suspicious occasionally, and high intensity in terms of energy consumption assets, but they’re not a currency," said Lagarde, speaking on a Bloomberg podcast. "Cryptos are not currencies, full stop.
Cryptos are highly speculative assets that claim their fame as currency, possibly, but they’re not. They are not." Strange that Laragre would offer such an opinion. We’ve been reporting about Ripple making inroads with banking officials across the world and strengthing ties to blockchain technologies that expand financial opportunities and in particular low cost, remittances and banking opportunities for many underserved people around the world. Lagarde does however mention stable coins and wait for it, CBDC’s! We already know that CBDCs are coming and we also know that Ripple and XRP are going to help pave that road. As a matter of fact, it takes us to our next item from Twitter and @Ripple. In a tweet a question is posed: Did you know that we're piloting technology for Central Banks to issue and manage CBDCs? In case you missed it, read how #CBDCs can provide Central Banks with a flexible, secure solution for exploring digital currencies. We have reported it before from earlier this year, but it’s almost like Ripple and XRP are making their case to be that bridge between fiat and crypto and also be the place for CBDC’s! Ripple’s link touts the XRP Ledger... The CBDC Private Ledger is based on the same blockchain technology that powers the XRP Ledger (XRPL), which means that the CBDC Private Ledger is built for payments. This also means the CBDC Private Ledger is designed for issuing currencies, with over 5,400 currencies issued on the XRPL over the past 8 years, including its native digital asset XRP — which can be leveraged as a neutral bridge asset for frictionless value movement between CBDCs and other currencies.
Seems that Ripple is prepared for most anything and can be and will be everything it claims to be. Just not a security. Hang around our look at the XRP chart is coming up but first, it will be getting easier on your wallet to open an account on the XRP Ledger! a story on U.Today has the exciting news, A proposal to lower the XRP Ledger’s minimum reserve requirement from 20 XRPs to 10 XRPs has successfully passed after several weeks of voting. In order to fend off spam and other malicious attacks, the protocol requires holding a certain amount of tokens for opening a new account on the ledger. The reserve requirement can be changed if there is a consensus among the network’s trusted validators. Such adjustments are necessary when there is a significant increase in the XRP price. In addition, 2 XRPs will now be added to each address’s reserve requirement for every object (payments channels, checks and more!) Plenty more news is coming about XRP and once the court case is over, the sky, and beyond is the limit! That said let’s take a look at where XRP is right now with the technicals! Now we are looking at 4-hour timeframe perspectives. As already mentioned previously the cryptocurrency market divergence is increasing more and more, this is why there are coins that have more bearish, neutral, or bullish conditions, these divergences are highly necessary to assess and with XRPUSD I detected that it is actually forming a more bearish pattern here.
Therefore as when looking at my chart, we can watch there how XRPUSD is developing this main triangle-formation with the coherent wave-count within already completed, now as XRPUSD is testing the 300-EMA marked in darker green once again there is not much bullishness coming in this zone which can invalidate the triangle bullishly to the upside, therefore, it is more likely that XRPUSD completes this whole triangle-formation bearishly to the downside which will happen with a breakout below the lower boundary, nevertheless it is pivotal to wait for the final completion because the possibilities can also change again when increased bullish signs develop, in this case, once the more likely bearish breakout emerged this will point to the continuation-setup and XRPUSD will move on to approach the lower target levels. These are marked in blue in my chart, once XRPUSD has reached out there it needs to show if these levels can hold otherwise when it does not happen a bearish continuation will develop within the bearish continuation zone. As always, remember to trade safely and do your research! Fans remember,
I am not a licensed financial advisor.
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