In this article we are going to see about Ripple XRP: The TRUTH For The Matter Is That XRP Is Charging Up To Go Even Further!...
XRP hasn’t and will never stop targeting that top spot. It’s the one crypto that even stands a chance of ever ruling the entire crypto world. Let’s just start with that. Currently, there’s a lot of news happening around this crypto and in today’s article, we will discuss it in detail. Massive dip today, probably well orchestrated too with billions of dollars lost in liquidations. XRMr shared a tweet that depicts what is currently happening with XRP. Notice the slight shot? Yes, that one! XRP currently seems like it’s still lagging behind but the truth for the matter is that this coin is charging up to go even further; beyond the moon. So, now we will get people who will question the vision this coin carries but only long term traders with that extra sense will agree with me, this coin will soon rule the whole crypto community. I’m not the only one who sees the potential that this coin has.
Cryptobull also talks about what he thinks will happen to XRP in the next coming weeks. The buying pressure for XRP is currently through the roof. Everyone is stalking up on XRPs waiting for the time that this coin will have completed its lawsuit with the SEC. More importantly, the SEC knows that all the banks are soon going to adopt XRP. And that’s a fact. This coin is designed to be for retail and we are only lucky to even trade it in the crypto market. Cryptobull also goes on to say that there’s a high chance that the case against Ripple will be over within this month. When that happens, XRP will jump straight to the top like the sling shot picture I just shared with you guys. Now when that happens this coin will likely be too expensive to even get any substantial profit from it. So if you can, and when you can, now is the best time to invest in XRP.
Remember this isn’t financial advice, I’m just a crypto trader who likes to share my experiences with you guys. And in this case, from my perspective, I feel like you don’t need to be given hints on what will happen with XRP. Let’s just call it as it is. I believe that this crypto is bringing something new to the table that jeopardizes the fabric of the financial market and the crypto market. That’s why the SEC are so skeptical and are planning to take down this coin by whatever means. We all know that the fiat market’s upper hand to the traders is that you couldn’t use crypto to purchase your day to day items. That changed a few years ago and most, if not all businesses accept cryptocurrencies as a mode of payment. And with that, most people are moving to crypto and would rather hold crypto instead of fiat cash. That will likely damage the fabric of how people operate and eventually affect the control governments have over currency.
Even before that was over, it Ripple came into play showing the world there’s another way to operate and essentially banks are now ready to incorporate blockchain to their systems. Naturally, if the banks trust blockchain, then we shouldn’t we? I believe that that’s the question that circulated the SEC headquarters and made them nervous because they can now clearly see the impact Ripple and XRP have over the world. This coin is virtually unstoppable and so is the company behind it. And in all truth, XRP will turn so many people into instant crypto millionaires and I believe that’s about to happen sooner than we thought. Attorney Jeremy Hogan goes to the nitty gritty detail to explain what is happening on this case with the SEC. In his video, Jeremy gives us a breakdown of the question that Ripple posed to the SEC: ‘What is your case against us?’ in short the SEC has to break down what they have against Ripple and that will confirm to us that this courtcase is flawed and frankly, unnecessary.
Have you seen what the SEC is doing in court? They are actually making a fool of themselves by exposing their flaws to the public. Yes, I said it! In the aim to defend themselves, the SEC turns out to be one of the most secretive regulatory body we have. That’s because they’ve been hiding a lot of their details. But to be honest, this regulatory body is meant to defend the public. So why so much secrecy yet they are designed to be transparent? Anyway, the regulatory body is yet to answer these questions and will likely stall their way. Yes, they’ve done that severally. Remember when they asked for more time? Now I don’t know what this body will ask for since I don’t think they can get more time. That said, they will likely come up with another excuse but I do believe they’ve run out of ideas on how to slow down Ripple. The basic reason for this aside from the fact that Ripple is trying to merge these two worlds, is that Ripple supports CBDCs. As a matter of fact, the crypto company has already started working on several pilot studies with other governments and banks. That being the case, the SEC seems like they are afraid of this crypto making a move on the US dollar. Because once that happens, XRP will be the crypto to rule them all. We can all agree that the US dollar has a lot of weight over the fiat market.
Now imagine if Ripple was able to tap into that. Wouldn’t it be amazing? This crypto didn’t come to play and it’s apparently clear to the SEC. For years, Ripple and XRP have been creeping up to the top slowly but eventually their tactics were spotted by the SEC. Thankfully, this crypto has already garnered enough support from the crypto community and other governments that’s virtually impossible to stop it. The regulatory body will slow it down but can’t stop it. In the meantime, Ripple is so strategic in their movements that I don’t think the SEC expected this when they filed a case against them. Ripple has been working with other governments to ensure they can at least adopt the coin into their central banks. And that has already happened in a couple of banks, governments and even the Asian Market. Imagine that! Now that the SEC is coming against Ripple, they can only file a lawsuit within their jurisdiction. Yet, other countries continue to trade XRP like nothing ever happened. Additionally, some countries even made a partnership with this crypto company while the lawsuit continues. Honestly, I don’t know what the SEC thought they were trying to do when they went for Ripple. That’s because this battle was already lost even before they started. It’s either that or the regulatory body already understood what they were doing. And if that’s the case, this body is only determined to slow it down.
That means, chances are, the government is working on it’s own CBDC which could very well change the game. But here’s the thing: why don’t they work with Ripple, because I mean, Ripple already has a framework that’s currently being tested by other countries. What’s more, Ripple offers more than just a framework for CBDCs. With this company, you can get on-demand liquidity which is a significant advantage to anyone with a company that has cross-border payment. And Ripple is the perfect spot for that. However, as always, the government, including SEC will always want to be the first to do something. And in this case, the government wants to be the sole company in this section. However, what they don’t understand is that the people who are suffering, currently are US crypto traders. XRP is in its ripe time meaning it will make most people millionaires within days. And when Ripple heads directly to the moon, most US citizens will miss out on this golden opportunity.
XRP hasn’t shown any signs of backing down and this coin is headed straight to the top. For now, I believe that this coin has something they are working on aside from the partnerships they’ve created. Possibly, this crypto will rule them all soon. All XRP holders should hold on to this coin and wait for it to moon. To be more specific, this coin is set to change the whole crypto world soon. This bridge currency has a lot in store for us and I believe we are about to see it happen. It’s no secret, XRP is headed to two digits soon. That said let’s take a look at the charts. Now we are looking at XRP on weekly chart. Massive dip today, probably well orchestrated too with billions of dollars lost in liquidations. Pullbacks occur in bull markets. By the size of the pullback we can identify if the bullmarket is over or not. If we can hold given support i think we move up to 1.60 next. If we look at Bitcoin, Today is a correction day for BTC with the price losing almost -20% intra day so far. The drop has been contained exactly on the 0.5 Fibonacci retracement level, just below the 1Daily MA50, confirming its importance bias (so far). If BTC manages to close the session above it, then this pull-back, even though substantial, will be nothing but a buying opportunity similar to that the 1D MA50 gave from October 2020 until April 14 2021 All-Time High ( ATH ). If not, then the 1Week MA50 (bold red trend-line) is the next line of Support. So naturally, the next question is, if the current Support levels hold, what would be the next target? Naturally, as the Fibs retracement levels suggest, the next Fib to fill is the 0.786 at roughly 54400. A break above that level, brings BTC to the final barrier before the ATH , the High Volatility Cluster of 53 - 59.7k consisting of the Volatility Zone that Bitcoin traded in before the May 12 collapse started.
That Cluster along with the Higher Highs trend-line, may push the price sideways for some time, even lead to the next 1Daily MA50 correction. But what is your take on today's -20% drop? Is the bleeding over and we'll start recovering or can we see further correction towards the 1Week MA50? let me know in the comments section guys! As always trade safely. Please keep in mind,
I am not a licensed financial advisor
0 Comments