Finally Ripple Makes it Big
A lot of Ripple investors (including me) have been extremely impatient for the last few months as ripple did not really show any growth and kept lingering between 0.18-0.24 dollars. Finally the rally began yesterday and has hit the market big time! :)
Let's take a quick look at some candlesticks.
Woohoo! It hit almost 50 cents, that is some craziness. Finally the investors have 2-2.5x'ed their money in XRP!
I had been digging into what exactly have been the reason behind the Ripple growth and was able to find the following:
- CEO of SBI Holdings Japan tweeted "Wow, XRP at all time high! Forget about bitcoin, we’re all in on XRP!".
- Banks in Japan and South Korea have started testing money transfers via Ripple across borders. Check this.
- Rumours regarding various partnerships with corporations or organisations like Amazon, Nasdaq and extremely importantly with State Bank of India.
Due to the first 2 reasons Koreans started pumping in hundreds of millions of dollars via the popular exchange Bithumb that really made Ripple have a massive bull run.
I believe there will definitely be a correction but Ripple (XRP) will build a decent resistance between 30 to 35 cents which will be great!
Oh and well, good to see XRP back on #4 on CMC :)
Do let me know your thoughts in the comments.
"Ripple XRP is a Death Star Alt-Coin and all the other coins are Alderan." -Junius Maltby December 2017
Ripple XRP: rPVMhWBsfF9iMXYj3aAzJVkPDTFNSyWdKy
tag: 1317751799
Good analysis fellow investor. I believe it can go further than $1 even in the near future, perhaps in January 2018. One another one is that a XRP developer is now working at Coinbase. Not sure when exactly Coinbase list XRP, but is highly likely to happen soon . I am a long term holder, but with the profit I am thinking of investing QTUM before the UBTC airdrops. You might want to join :)
Disclaimer: I am just a bot trying to be helpful.