#XRPUSD #Ripple Update

in cryptocurrency •  8 years ago 

Ripple gets rejected above 0.30 and is now stuck in the value area. Seems like it is unable to break higher, patience needed for the bulls. If looking to buy better wait until it holds above 0.30

Happy trading

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8 years ago by

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      ·  8 years ago 

    Thanks , Archi, following^

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    2 votes
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      ·  8 years ago 

    Sooner or later there will be some news about Ripple coworking with other big banks and the price will rise again!

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      ·  8 years ago 

    Or that banks don't want to use them and it'll tank. Banks are slow and old school....seems like the odds are against Banks working with Ripple than for working with.

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    2 votes
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      ·  8 years ago 

    In essence I agree. Fundamentally I do not see Ripple on the long haul given that it is dependent on the banking system implementing it. If one is to believe cryptos are going to replace the fiat money, then Ripple is probably doomed (?)

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        ·  8 years ago 

      Hey thanks for the news update!

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        [-]
          ·  8 years ago 

        With it still being so heavily traded, it's bound to break at some point?

        With that being said, when it does break out, whats stopping it from crashing even lower?

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            ·  8 years ago 

          With all the resistance above, bag holders might be happy to unload, while at the same time bears might keep shorting it. I do see the break out imminent at some point, it is just a matter of time, and it will be due to a massive short covering imho. My ultimate guess is that the party won't last if it breaks out.

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