Pondering Out Loud re: Ripple versus USD versus BRICS versus Time, a Technical and Fundamental POV

Ok one for the XRP ripple why not ... looks like they may just see that $1.50 again or not until things clear up about its legal status its still waiting for its papers yall. It could happen where it keeps going as there are strong fundamentals, but what sucks is that the bigger position institutions take in it, they also will have it to use to cover shorts and that's just what banks and corps seem to really do all day.

Courts are where the action is in this case with Ripple and that's uncomfortable for me to be honest with ya. The good news is that somewhere around 10 cents could be a great buy and it wouldn't even take long. There hasn't been a recent buy signal yet just a top is all gang.

On a more short term 4 hr chart, it hasnt showed divergence other than on the macd and some good news can happen for sure and make it go and retest that high but at this point in time especially I would say all hands on deck to defend the usd vs brics rollout.

https://www.presstv.ir/Detail/2023/08/14/708917/New-Development-Bank-(NDB)-launched-by-the-BRICS-bloc-aims-to-increase-local-currency-%C2%A0fundraising-and-lending

There is so much excitement about the whole BRICS nations and their meeting happening soon. The whole 'let's agree to disagree', for me, happens when the notion of a reserve currency replaced by another reserve currency which doesn't fix the problem which is to go to 100% bilateral trade in an asset backed blockchain... oops I mean trade system.

There is also tons of speculations regarding ripple and the BRICS all linked up and buddy buddy. I have a feeling they will be holding tons of it and trading it like the dollar even at 25 cents lets say. The New Development Bank has been around for years and is backed with 2/3rds in the USD. Its still early to see but I will check out some more charts and ponder out loud some more too.

Ponder back!