Ripple rumors abound
Ripple is slowly rising against the stream...
Months ago, before its price explosion, I recommended Ripple's XRP as an investment, seeing that it was building positive momentum in the news and was likely to break out. Not to toot my own horn, but it was a pretty good call.
It's not that I'm a huge fan of Ripple's XRP, I just see a good opportunity to profit, based on movement and chatter in the crypto-sphere. This is purely a case of trying to take advantage of what I perceive as quick near-future growth in the price of Ripple, possibly beginning right now.
It's my humble opinion - and it's just that - an opinion - that Ripple will soon go on another run. It has been steadily stagnant for a while now, but over the past few days has begun to experience some momentum. I can't help but feel like it is being accumulated, similarly to how Bitcoin Cash began to get accumulated before launching on Coinbase a couple months ago.
Every couple days, we are witnessing brief spikes in volume on Ripple, followed by a drop-off (another spike is starting up as I type this). This, to me, indicates buyers accumulating, but not wanting to over-excite the market so they can accumulate more without prices going too crazy.
Now, the whole Coinbase launching Ripple's XRP thing keeps popping up. Coinbase is hiring a pile of additional support, starting tomorrow. CNBC is featuring the CEO's of Coinbase and Ripple on Tuesday on their "Fast Money" show. Ripple has been announcing agreement after agreement with numerous entities. And the price has remained pretty stagnant despite this. Again, this is likely because big buyers are trying to keep the waters calm, buying in relatively small increments, then letting things calm again, before things explode.
Granted, if you dig into Coinbase's own Digital Assets Framework, Ripple really should not be their next offering. But the currency has consistently held up strongly in the top five to ten of all cryptocurrencies and would likely bring in a large number of new investors to the trading platform. It just seems too good for Coinbase to pass up.
Take this all with a grain of salt - and definitely do your own research. I've been right before, but I've also been wrong. At the current price, it's worth a small risk, in my opinion.
*This is not professional trading advice - it's just my opinion!
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