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Charting the course of XRP


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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.

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.

I really don’t understand why the forum has been getting so heated lately when we are doing SO WELL after YEARS of being in the gutter. You’d think everybody would be saying hello, good morning, how a

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Bob Loukas had his latest video a few weeks ago and I missed it until today.  Always very informative to watch and he was expecting a drop to around this level when he made the video while BTC was around $10,300.

For those who don't have time to watch the video, he made a very important point about why he believes BTC has started the bull cycle and it was one that I alluded to over the weekend before the big dump: BTC formed a higher high.  Now, the important thing it must do is hold above the cycle low (around $6300).  He posits that if BTC falls below that number, then the whole thing could kind of go to hell for a while and his massively bullish outlook would be invalidated (for those that don't know, his highest probability thesis is BTC at 6 figures)

So, to translate that into XRP terms, we have made a higher high $0.345 but now we absolutely need to form a higher low (giant red line on the chart = $0.175).

JZKHIFIG

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7 minutes ago, Baka said:

@Molten rewatched his video today too , and yes I hope we won't go under 6300$ for BTC.

for XRP , on this chart we can clearly see the bearish trend since 2018 and it doesn't looks like it's going up anytime soon , more down ?

Well, as we see from the chart we made a higher high the week of February 10.  That, in and of itself, was an important step.  Now we need to stay above $0.175 during this down spell.  It would be nice if the psychologically important value of $0.20 held, but $0.175 is the line in the sand.

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Who cares what the price of XRP is doing?  On previous occasions ODL has slumped with the price, today it has gone stratospheric. ODL is just amazing today.  Mondays are usually the worst weekday, with a slow lift of after Sunday, today it is pushing higher and higher.

This is what my money is invested in, not the unregulated Crypto gambling houses with their greed and whales manipulation.  We have to be free of this fake market driven by its obsession with BTC.

 

 

Screenshot_2020-03-09 RealTime XRP On Demand Liquidity Tracker - ODL Tracking(1).png

Edited by Julian_Williams
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I am looking for a paper that an organization or investment company published about 1 year ago. It was a PDF, a few pages, and they assumed that all utility coins (stellar, xrp, etc) would fall to 0.01 cent sooner or later.

does anyone still have this paper? I would like to know again what reasons they used, because currently they are absolutely right. Lower highs, lower lows, in every ******* Cicle

maybe this one, but I'm almost sure it looked a little different

https://research.bloomberg.com/pub/res/d37g1Q1hEhBkiRCu_ruMdMsbc0A

Edited by Elysium2030
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1 hour ago, Elysium2030 said:

I am looking for a paper that an organization or investment company published about 1 year ago. It was a PDF, a few pages, and they assumed that all utility coins (stellar, xrp, etc) would fall to 0.01 cent sooner or later.

does anyone still have this paper? I would like to know again what reasons they used, because currently they are absolutely right. Lower highs, lower lows, in every ******* Cicle

maybe this one, but I'm almost sure it looked a little different

https://research.bloomberg.com/pub/res/d37g1Q1hEhBkiRCu_ruMdMsbc0A

Interesting article. In it they classify XRP as a currency network together with LTC and not as a utility network.

Their argument is that a utility coin does not need value so it probably will not have any.

Another thing they write is the common misconception (or partly true but not the goal):
" and very little value in networks that are misleadingly marketed and not even required for use within their own network (such as XRP)."

Without bringing back the entire 2018 discussion again, I disagree with the point. Correct, Ripplenet does not need XRP to communicate. Yes, it does need XRP to settle instantly.

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Wow, the volume on the breakdown, but especially on the buy back up. Looks like it's trying it again. Some people made a lot of money on this one.

Looks like a serious springtest, well fingers crossed it's that! Otherwise its impending doom. Too bad I'm at work, not able to buy up more right now...

 

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10 minutes ago, Benchmark said:

I think it's getting more obvious that crypto is gonna hurt like a mother ****** if the great recession II hits.

Safe haven not so much.

The whole safe haven idea is another delusional idea that this space cooked up.
 

A safe heaven is not the asset class that is the most volatile and easily manipulated in history.

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