XRP-USDT (RIPPLE) simple chart ๐ผโ๐น LONG after consolidation
Good day traders and investors!๐๐
This simple chart was inspired by one of my friends here on trading view๐ผ. Above I have mapped out XRP's clear current cycleโป..
----We have seen 2 large impulsive wavesโซ๐, that increased price๐ฒ๐คฉ by almost 50 percent 5๏ธโฃ0๏ธโฃ %, each time๐ณ๐ฑ๐, followed by a correction and another impulse wave๐.
I was already long ๐, on XRP (Ripple), but now that Coinbase had it's IPO, and things are about to get wild im even more LONG on XRP. Let's go over some of the things that would make XRP a valuable digital asset to look into..โฌโฌ
- Yesterday Ripple executives filed a notion to dismiss the SEC lawsuit that is currently giving them so much clout. The fact that they did this only gives them more clout๐คด.
- XRP outperformed BTC by a landslide๐๐, several times in the last few years
- More and more banks are adapting and wanting to get in on the RIPPLE money transfer system
(Old methods of transferring money, gold, etc., were very inefficient, costly, time consuming๐๐, and overall a pain especially for country to country transfers..)
-XRP is fighting back the attacks from the SEC, this could be revolutionary for cryptocurrency and the whole defi world๐ฑ๐ฅ๐๐ฒ.
- XRP still has 50 Billion dollars to go before it's CMC (Coin market CAP) price is reached (good room for growth.)
If RIPPLE were to lose this case ๐ฅ, that would mean much less freedom๐ซ for those involved in digital finances/property. I say property because at this point, it is clear to me that digital assets are NOT just a bubble๐ต, that is going to burstโ๐๐. I just don't see that happening.
I think that with RIPPLE(XRP) being as valued as it is right now, is only getting started๐ค..
This is all happening very fast, and I think we might just see XRP make it's way back up to it's previous ATH of $3.40, as numerous altcoins fly to new higher prices during this extreme revolutionary time for cryptocurrencies.
These are just some of the basic facts that make me believe that XRP is not even close to done on it's bull run. I would love to know what YOU think about XRP, and it's implication on the future of Defi ๐
๐๐๐๐๐๐This is NOT financial advice, BTC dropping could still GREATLY affect the price of this token๐๐๐๐๐๐๐
Always keep a stop loss โ๐๐ฒ, when trading with large amounts of money. If we continue to see bearish behavior into late Thursday, this would be a very dangerous investment to make. If we truly are seeing a repeat pattern, we are looking for another upswingโซ to approximately $2.2 before we see another correction/consolidation phase.
Thank you so much!
Any thoughts, good ๐, bad๐, happy๐, sad๐ฅ, in the comments greatly appreciated!
Jazerbay ๐
This simple chart was inspired by one of my friends here on trading view๐ผ. Above I have mapped out XRP's clear current cycleโป..
----We have seen 2 large impulsive wavesโซ๐, that increased price๐ฒ๐คฉ by almost 50 percent 5๏ธโฃ0๏ธโฃ %, each time๐ณ๐ฑ๐, followed by a correction and another impulse wave๐.
I was already long ๐, on XRP (Ripple), but now that Coinbase had it's IPO, and things are about to get wild im even more LONG on XRP. Let's go over some of the things that would make XRP a valuable digital asset to look into..โฌโฌ
- Yesterday Ripple executives filed a notion to dismiss the SEC lawsuit that is currently giving them so much clout. The fact that they did this only gives them more clout๐คด.
- XRP outperformed BTC by a landslide๐๐, several times in the last few years
- More and more banks are adapting and wanting to get in on the RIPPLE money transfer system
(Old methods of transferring money, gold, etc., were very inefficient, costly, time consuming๐๐, and overall a pain especially for country to country transfers..)
-XRP is fighting back the attacks from the SEC, this could be revolutionary for cryptocurrency and the whole defi world๐ฑ๐ฅ๐๐ฒ.
- XRP still has 50 Billion dollars to go before it's CMC (Coin market CAP) price is reached (good room for growth.)
If RIPPLE were to lose this case ๐ฅ, that would mean much less freedom๐ซ for those involved in digital finances/property. I say property because at this point, it is clear to me that digital assets are NOT just a bubble๐ต, that is going to burstโ๐๐. I just don't see that happening.
I think that with RIPPLE(XRP) being as valued as it is right now, is only getting started๐ค..
This is all happening very fast, and I think we might just see XRP make it's way back up to it's previous ATH of $3.40, as numerous altcoins fly to new higher prices during this extreme revolutionary time for cryptocurrencies.
These are just some of the basic facts that make me believe that XRP is not even close to done on it's bull run. I would love to know what YOU think about XRP, and it's implication on the future of Defi ๐
๐๐๐๐๐๐This is NOT financial advice, BTC dropping could still GREATLY affect the price of this token๐๐๐๐๐๐๐
Always keep a stop loss โ๐๐ฒ, when trading with large amounts of money. If we continue to see bearish behavior into late Thursday, this would be a very dangerous investment to make. If we truly are seeing a repeat pattern, we are looking for another upswingโซ to approximately $2.2 before we see another correction/consolidation phase.
Thank you so much!
Any thoughts, good ๐, bad๐, happy๐, sad๐ฅ, in the comments greatly appreciated!
Jazerbay ๐
watching! Thank you