I previously had given an a Technical Analysis back when the price was $.62 back on Aug 14, and now lets see if my short call was a proper one.
and you can read that post here.
https://steemit.com/ripple/@jaimebetamax/pondering-out-loud-re-ripple-versus-usd-versus-brics-versus-time-a-technical-and-fundamental-pov
I do get why so many commentators within the crypto arena continue to preach about Ripple and the global banking structure. Announcements surely are doing their part to stoke those flames of rumors, yet the true Fundamental Analysis are in that the legal battles are just too much for institutions to actually buy into. The thing is that there is so much logic to have to wade through, so as of this transmission the XRP is chillin at about $.50.
Pt. 1 also discussed the BRICS, the Dollar, and Ripple as it seems to be where the community of trading wizards believe that XRP will have some function or be a basis for global trade. Some even say as much that if it would become a reserve currency.
The Technical Analysis has panned out and the USD is still where I'm going to be. The Fundamental Analysis is towards the BRICS simply decentralizing global trade and the Treasury will make sure to get someone else to buy those bonds because that is what they do they sell debt. Who can that new bond buyer of last resort be? Could it be Ripple?
Who knows but why not the banks and large corporations?
Any suggestions?