Since the overall crypto market is ready to decline, XRP rushes to complete the pattern we saw in November/December with a final bull trap in a faster than expected way. Enjoy
Yorum
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There is a chance the triangle will break out up. I have missed last week's series of articles written by renowned analysts and turning up the truth upside down to even more ridiculous extremes than ever before, like Ripple doubling sales being a "sign of the success of XRP" rather than Ripple enriching itself and dumping as much as a market can take at any given moment. The same articles now also retrospectively praise 2020 April's recovery as a sign of investor confidence, while last year even Ripple openly admitted that the recovery was a result of desperate Ripple buybacks that put Ripple's financials into serious danger. The same articles also claim that the Moneygram partnership was just suspended. While the fact is it was first suspended, and in a matter of few weeks, it was ended completely (even though Moneygram noted they are open to future collaboration should the legal troubles conclude in Ripple's favor). All in all, there are not anyone who would address the grossly misleading articles publicly since February. So as crazy as it may be, there is room to the upside (but again, we are talking tens of percents, nothing like the Moon people usually have in mind when they are talked into buying XRP)
Yorum
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But I personally would not bet on it. The higher it reaches before a crash, the more angry the community. They certainly do not want to repeat 2018 that resulted in lawsuits against Ripple, because it would be devastating for them during current circumstances. So while they need to have prices above 1USD, huge price rises are not in their interest and they might actively limit it (which, for now, they absolutely can with their sales to any extent they want)
Yorum
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And it is crazy everyone is in XRP to invest in it to make money, everybody watched Ripple's network developments, everybody listens to what the company has to say, people (even renowned journalists) even still call XRP Ripple, yet in the court everybody is like, Ripple is like it has nothing to do with us, just a coincidence that we chose it to run in our ODL, could have been any other coin too.. And the community should be like, we don't expect gainst, we buy XRP because we believe in technological advances, we are actively taking part in innovation (well this is what they should do, but in reality, even Deaton calls XRP often Ripple and it's buyers he calls investors.. and community participants during lawsuit shout XRP to the moon!). It will be very interesting, and it is extremely risky and unpredictable. Because the articles that call for new ATHs are in fact intended only to push the prices by 10s of percents (once people realize it during this bullrun, they will get upset the same way the 2017/18 investors did. What price XRP reaches by the time the current XRP community realizes it, I don't know. I wish XRP and everything just would be what Ripple says it is, facts always prove it wrong and make investing in it, as Musk would say, a hustle. Nothing more.
Yorum
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Looks like it might have really been just a bounce between triangle lines and it will turn down towards the support again. If there is going to be a breakout, probably not today.
You are an uneducated fool if you are bearish on XRP right now. It hasn't even retraced to ATH yet. The dumb money will suffer, as always. Focused on day to day price action, can't fix stupid I guess.
UnknownUnicorn18786591
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@Tighand222, Mr. I have already discussed with you many times. And we discovered that you did not even know about XRP prior to the lawsuit. But you don't even have to be a veteran to know that there was no bullrun happening prior to the lawsuit, while other coins were surging for nearly a year, Ripple had to do buybacks (sooo funny, how they buy back something that has nothing to do with them to save it, definitely not a security :D ). The lawsuit youtube madness made it to join Doge for a while, that is all. What ATH are you talking about. Don't tell me you bought more again! Dumb money is you, you are not even of age to trade legally. You have no clue what is underway. The 12years old guys who opened trading accounts with emails will lose everything even if they are in profits.
Tighand222
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@Yup12345678, Dude, you're a fucking jackass. My whole bag is averaged at 23 cents, you're the most thick headed, pedantic asshole I've ever dealt with on here. Do us all a favor and shut the fuck up, stop making yourself look like a complete fucktard.
UnknownUnicorn18786591
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@Tighand222, So far, I have been right EVERY SINGLE TIME with my bull trap warnings on XRP, in this as well as my prior account. And so far it looks like I was right again. I go by 1H, 4H, 1D and during the weekend 1W candles. And there is nothing that suggests a moon. Will it go to 2.5? If some famous green feminists say Garlinghouse is her favorite sugardaddy, then MAYBE. Will it make you a millionaire? If you have 100X leverage, MAYBE. And after all our interactions, I deeply hope you trade with leverage. :)
UnknownUnicorn18786591
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@Tighand222, and do you really want to talk about education? :D
UnknownUnicorn18786591
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@Tighand222, You are the dump money by every known definition. It all started in April with Goldman Sachs, they were the first joining the party, same as in late 2017. And ever since they did, others Wallstreet money are joining you by day and they even make fun of you guys in news, how easy it is to eat the retail profits this time. And YOU ARE STILL LOOKING UP? As a smelly baseball-caped guy like you would say, I am laughing out loud (even if I actually am not)
UnknownUnicorn18786591
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@Tighand222, Plus how is it possible that you are still here after all cancer wishes to anyone suggesting short on XRP on any timeframe.. Is this some kind of website for dumbs only?
UnknownUnicorn18786591
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@Tighand222, This bull trap was a perfect opportunity for you to sell. You did not. You will have less money. And you talk nonsense. There is nothing like retracing to ATH in any chart in the world. You can invent it, but you have no power to spread it across millions of traders. And since price is created by the majority and the most commonly used tools, and not by secret conspiracies, you LOSE
Danyboy46
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@Tighand222, well I guess we will find out who is what soon. No need to call ppl names :/
UnknownUnicorn18786591
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@Danyboy46, they always start. Maybe they don't mean it, maybe this is how they say hello in trailerpark. But I am not used to it and it offends me.