Finally Ripple Makes it Big

in #cryptocurrency7 years ago (edited)

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.

bittrex_xrp.png

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:

  1. CEO of SBI Holdings Japan tweeted "Wow, XRP at all time high! Forget about bitcoin, we’re all in on XRP!".
  2. Banks in Japan and South Korea have started testing money transfers via Ripple across borders. Check this.
  3. 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 :)

cmc_xrp.png

Do let me know your thoughts in the comments.

Sort:  

"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 :)

yoshitaka_kitao 北尾吉孝 tweeted @ 13 Dec 2017 - 03:29 UTC

Wow, XRP at all time high! Forget about bitcoin, we’re all in on XRP!

Disclaimer: I am just a bot trying to be helpful.