XRP Ripple: There Are Two Possible PATHS We Will Take! (Don't MISS Out!)

In this article we are going to see about XRP Ripple: There Are Two Possible PATHS We Will Take! (Don't MISS Out!)...

 Hello XRP Gang! I hope the weekend has been good to you! We are winding down on the month of September and the 3rd Quarter fiscally speaking. Last week was huge for the volatile crypto market and only time will tell what is coming for the last part of September. Today we’ll be looking ahead to the future and more. Looks like XRP and most other crypto currencies remain in the red zone or nearly steady. Stick around because we’ve got the numbers coming up with our technical analysys. Everyday we talk about different cryptocurrencies, XRP in particular, and we often talk about holding on to investments for the future. We will get into that later but we begin today with this from Ripple who are making strides to expand the future of crypto and blockchain technology. 

Ripple is continuing in its mission to expand opportunities with one of their corporate goals through higher education. The company has established their University Blockchain Research Initiative. According to a link shared on Twitter by Ripple, Education is the backbone of innovation. The link says, As has been the case with other groundbreaking technologies, academia unlocks blockchain’s real power through curriculum, research, technical innovation and knowledge sharing. The University Blockchain Research Initiative (UBRI) supports universities around the world to advance blockchain education and real-world solutions in digital payments and beyond. Partnering with over 35 leading global universities, the program provides students and faculty with strategic guidance, technical resources and fnancial support. Moving on, time for more news on the fallout from Friday’s banning of crypto currencies in the People’s Republic of China. The initial reaction was of course the dramatic drop across the board in the values of crypto currencies. 

In response to the ban, 2 crypto exchanges trading have now begun the process of halting by Chinese citizens and closing the accounts of Chinese nationalists. Bloomberg reporting today that, “Exchange operators Huobi and Binance have stopped letting traders use mainland China mobile numbers to register new accounts, after the People’s Bank of China said Friday all crypto-related transactions will be considered illicit financial activity. New sign-ups are still available for Hong Kong users on both platforms, but mainland China is no longer an option for new-account creation. Huobi has also announced plans to close existing accounts by year-end. “To comply with local laws and regulations, Huobi Global has ceased account registration for new users in Mainland China,” effective Sept. 24, the exchange said in a statement. “Huobi Global will gradually retire existing Mainland China user accounts” by the end of December “and ensure the safety of users’ assets,” it said. A Binance spokesperson said the company doesn’t have exchange operations in China and blocks Chinese IPs, without commenting on the mobile registration move.” The Chinese government first began cracking down on crypto trading in 2017 and that propelled Houbi and Binance to relocate their trading platforms to Singapore and Malta. As the international finance community and governments continue to react to the ever-expanding crypto and digital investment world, expect more changes as exchanges come under the umbrella of regulation. I personally believe that regulation will bring clarity, stability and integrity to the world of crypto. What about you? What do you think about the ban in China or the future of regulation in crypto? Let us know in the comment section below.

 Sports is a major entertainment venue across the globe. Fans have their favorite teams, players, rivalries and they’re celebrated. The multi-billion dollar industry of sports not only makes money from attendance at live events and broadcasts, it makes money for apparel companies and of course, the sponsors of those teams, events and venues. In the United States a first sign of the expanding world of digital investments is entering the basketball arena. Blockchain.news shared the story of the NBA’s Philadelphia 76ers and their agreement with the exchange Crypto.com that will be the first partnership between a sports franchise and a digital currency operation. The report says, “It is reported that this is the first cooperation with an NBA team with more than 10 million cryptocurrency exchanges, with a total transaction volume of more than 400 million U.S. dollars. According to the jersey logo partner agreement, crypto.com will use its expertise to launch the first non-fungible token (NFT) in team history for the 76ers. Fans can purchase non-fungible tokens of Philadelphia 76ers through Crypto.com NFT, a newly launched NFT trading platform focusing on art, design, entertainment, and sports. President of Business Operations Chris Heck from the 76ers team said that this cooperation would jointly change the pattern of cryptocurrency entering the sports world and noted that crypto.com is what they have always thought of as creative, innovative partnerships. 

I suspect that this move will balloon to other sports in the very near future as NFT’s and their value continues to grow. One of the many missions of Ripple and the XRPL is the exchange and development of NFT’s and CBDC’s which will be just parts of the financial and technology future. It’s why I maintain that XRP will still go to the moon and why I keep holding on. Speaking of NFT’s, a simple video clip shot in 2013 led to a meme and just this week that meme that became an NFT was sold for over $74,000. The purchase was detailed in the Washington Post and gave details about how one family is laughing all the way to the bank. The video was recorded by the Clem family and the reaction of their then 2 year old daughter would be viewed millions of times in the last 8 years. According to the story, “...a non-fungible token (NFT) of the meme was sold Friday to 3F Music, a music production company based in Dubai, for 25 Ether — the cryptocurrency of the Ethereum network — which was worth more than $74,000 around the time of the sale.” The digital wave of the future in finance, technology and art! Welcome to the future and the future is now! So while we all start trying to come up with a unique original NFT that can make us a bundle, let’s go to the charts and see what is going on with XRP and our technical analysis. It’s been a volatile week across the spectrum of cryptocurrencies and that will likely continue given the SEC vs Ripple case and the Chinese Ban on crypto. 

So what exactly does the data show? Now, let’s take a look at the charts. XRP is making higher highs and lows and is currently in a falling wedge , this is a bullish continuation pattern and we can expect a further leg to the upside soon. We are currently in an ABC correction so we could see one more push to around $0.78 before completing the pattern, or if we see a breakout before that then the up move will most likely be the next move. The two arrows on my chart show my two possible paths that we will take. $2.75 is the local high for my short term target and my mid-longer term targets are $7 and $13. These targets come from previous fractals, previous % gains and data and fibonacci extension levels. The lawsuit from the SEC does not bother me as I think Ripple have already won (not literally) but their case is strong and they don't want to settle, they want to fight for clarity. Both technicals and fundamentals are bullish for XRP and so am I, Don't let short term price dips effect you. Well, my friends, all I can say is HODL and trade safely. Remember all content here is presented for entertainment purposes only.

 I am not a licensed financial advisors.