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Charting the course of XRP


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2 minutes ago, Seoulite said:

Just like if Daddy Elon decides today is a good day to “prove the liquidity” of Bitcoin

There is no information on his holdings, not sure what will happen and how scary that is compared to SEC.

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I was participating undercover :).  The trolls became too overwhelming while XRP was in the dumps, I figure its safe to come out again.

There are actually several lawyers in the crypto space who have analysed the case extremely closely explaining how the case will likely play out. Given that these lawyers are either BTC or ETH maxis a

These threads are being derailed by childish banter, could you please keep things on topic and move your chit chat elsewhere. The forum is becoming less interesting for many of us.

39 minutes ago, xrp-nuke said:

There is no information on his holdings, not sure what will happen and how scary that is compared to SEC.

The liquidity comment he made was in context of Tesla selling about 279M USD worth which he said is about 10% of their stash. They bought 1.2B worth in Feb. Assuming that was at the lowest value in Feb, that’ll bring it in line with about 2.8B minus 0.28B sold - so about 2.5B worth.

Going by CryptoCompare, it’s worth 25% of 24h volume. By Coingecko’s or CMC’s numbers, it’s worth about 5% of 24h volume.

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59 minutes ago, xrp-nuke said:

It so sweet of you not to mention:

If Judge at any time will roll out something in favor of SEC than what you have today, can become -70% tomorrow.

Fascinating how negative this forum seems to be on XRP whereas anywhere else we find a massively bullish sentiment

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8 minutes ago, Ripley said:

The liquidity comment he made was in context of Tesla selling about 279M USD worth which he said is about 10% of their stash. They bought 1.2B worth in Feb. Assuming that was at the lowest value in Feb, that’ll bring it in line with about 2.8B minus 0.28B sold - so about 2.5B worth.

Going by CryptoCompare, it’s worth 25% of 24h volume. By Coingecko’s or CMC’s numbers, it’s worth about 5% of 24h volume.

Than that would not hurt that much than really, probably we could do some simple comparison to 10B liquidated 10 days ago, would probably cause 7.5% red candle. 

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1 hour ago, Benaoao20 said:

Fascinating how negative this forum seems to be on XRP whereas anywhere else we find a massively bullish sentiment

Welcome to the forum, Mr Radioactive here is a BTC maxi, there are some that hang around the forum for reasons that are not quite clear. I guess they are hoping to 'prove the liquidity' of XRP.

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50 minutes ago, Bill42069 said:

if this does play out how we all hope, is anyone else confused/excited/weirded out by the charts being pretty damn close to repeating 2017 price movements?

how does this happen almost too perfectly?...

Straight up manipulation by big, fat whales plus the self fulfilling prophecy of traders basing their trades on the trading practices that most go by. Oh I'm gonna buy here and sell here because fib extension this, impulse wave that, support this, resistance that. RSI bollinger bands blah blah MacD

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2 hours ago, Seoulite said:

Lovely daily candle close. There is now no significant resistance between us and $2. Expecting a bit of rough and tumble around there, likely some correction. If we break through that then we are on the homestretch.

zRSTT4cH

Weekly needs to close above 1.41164, so that a bullish engulfing candle is formed. That'd be very nice.

A couple of days to go.

 

image.thumb.png.66b8fbf7e5d8c060e8e2626179978d2c.png

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