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XRP - Ripple


XRP - Ripple  

15 members have voted

  1. 1. What's you sentiment for "short" term price (days or weeks)?

    • Bullish (up)
    • Neutral (wait/hold)
    • Bearish (down)
  2. 2. What's you sentiment for "mid" term price (weeks or months)?

    • Bullish (up)
    • Neutral (wait/hold)
    • Bearish (down)
  3. 3. What's you sentiment for "long" term price (months or years)?

    • Bullish (up)
    • Neutral (wait/hold)
    • Bearish (down)
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Website: https://ripple.com/
CoinMarketCap:  https://coinmarketcap.com/currencies/ripple/
Status: Released
Asset: No

Buffett rules 

1-One that we can understand or Is this crypto cryptic or explainable to the avg Joe?
Ripple connects banks, payment providers, digital asset exchanges and corporates via RippleNet to provide one frictionless experience to send money globally

2-With favorable long-term prospects or Just a pumped well orchestrated scheme?
Ripple is a venture-backed startup with offices in San Francisco, New York, London, Luxembourg and Sydney. As an industry advocate for the Internet of Value, Ripple sits on the Federal Reserve’s Faster Payments Task Force Steering Committee and co-chairs the W3C’s Web Payments Working Group.

3-Operated by honest and competent people or Can we know their names and see their face (at least)?
 https://ripple.com/company/

4-Available at a very attractive price or Is it too late already?
Its value is increasing considerably as more and more financial institutions are adopting it or are in the process of adopting it as a payments gateway for transfers and investments. (ref. http://www.investopedia.com/news/ripple-38000-should-you-be-buying/)

 

Disclaimer:
In, Accumulating

Edited by Malloy
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9 out 10 times (or more) those wall of fakes to push the price down for those who accumulates. They could put a very small order just in front and when that order is bought, the big one automatically

Website: https://ripple.com/ CoinMarketCap:  https://coinmarketcap.com/currencies/ripple/ Status: Released Asset: No Buffett rules  1-One that we can understand or Is this crypto crypt

For those who like TA, MACD and RSI turned bullish, volume rising...not that I rely that much on graphics in the crypto world, but when we're going sideways and the indicators change, it usually means

I'll add that we're probably close to a bottom, I can't see us trading sideways for a month until SBIVC launches with an ETA of 18 September, since we've bottomed out we'll see some spikes upwards then maybe see some insider buying the first week or two of September, then SBIVC opens with crazy volume... I say all that with the thought in mind that BTC has found a top, but if bitcoin keeps rising we'll obviously see XRP/BTC pair continue lower, can't speak for XRP/USD as it's holding up fairly well. 

Another thing to notice is the XRP/USD correlation with BTC/USD, they move together more often than not, except when Bitcoin is extremely volatile up or down then XRP normally takes a hit. Once we get more XRP/FIAT and XRP/Crypto pairs on exchanges XRP will continue to appreciate...

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11 hours ago, rippleric said:

Another thing to notice is the XRP/USD correlation with BTC/USD, they move together more often than not, except when Bitcoin is extremely volatile up or down then XRP normally takes a hit. Once we get more XRP/FIAT and XRP/Crypto pairs on exchanges XRP will continue to appreciate...

Volume isn't there for XRP to lead, so I agree, I see more copy cat pattern "again!". I've notice also some similarity with ETH when BTC/XRP pairs are not in sync, ETH seems to be. Maybe just random.

On another club, a member posted an interesting theory about Koreans buying XRP to move them to other exchanges to buy other coins cause XRP was the fastest and easiest way to move money out of Korea. The problem is, the minute it gets to let's say Polo, they sell them for those other coins. That could explain the price difference between USD/EUR exchanges and KRW.

Edited by Malloy
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https://www.thestreet.com/story/14276164/1/watch-out-for-ripple-crypto-rivaling-bitcoin-and-ethereum.html

Quote

 

Just when you think you're getting the hang of understanding cryptocurrencies such as Bitcoin and Ethereum, another disruptive currency enters the arena.   

Let us introduce you to 'Ripple" [XRP] crypto! Ripple is the third-largest cryptocurrency by market capitalization, after Bitcoin and Ethereum. It's the latest craze according to some market players. 

 

Joel Katz AKA David Schwartz is good and this quote is perfect for the first Buffett rules...it won't go unnoticed in the financial world.

Quote

Payment systems today are where email was in the early '80s," Ripple's chief cryptographer, David Schwartz, has been quoted saying. "Every provider built their own system for their customers, and if people used different systems, they couldn't easily interact with each other. Ripple is designed to connect different payment systems together."

 

Edited by Malloy
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7 hours ago, CurrencyGuy said:

I was happy to see my vote aligned with the club. 1 - Neutral, 2 - Bullish, 3 - Bullish.

Does anyone here think if/when XRP makes the break upward, it'll be gradually or just new numbers being printed that a retail trader won't be able to chase?

That is a very big question...right now, I see steps...but any news of banks buying XRP and using it on a daily basis would make the price run IMO.

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13 hours ago, Malloy said:

That is a very big question...right now, I see steps...but any news of banks buying XRP and using it on a daily basis would make the price run IMO.

If they have any skilled marketeers (which I think they have) behind it. They will wait to announce anything at a big event and release multiple announcements in a week to create massive hype. 

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7 minutes ago, Fenix said:

If they have any skilled marketeers (which I think they have) behind it. 

I still believe this is their weakness. Some jobs in that dept. have been posted for almost a year now...something's wrong. But adoption by banks, volume, etc,  at that point, it won't matter if they don't control the narrative cause we will get the message out :) and FOMO will kick in.

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Does anyone else have the feeling that Ripple won't make an official announcement about XRP being used until well after it has been utilized?

My logic goes like this....

-We're dealing with people's money here. It's not an iPhone or something. You don't want to necessarily announce that any company is taking any kind of risk with anyone's finances. (even though I don't think it's a risk, the general population might have a serious problem with a company using "the blockchain" with their funds.)

-Therefore, they have an incentive to possibly start the engine and take the XRP train around the block a bunch of times. Then, once it's verifiably reliable and people have been using it for a while, they come out of the shadows with a public announcement that does 2 things. First thing...XRP has been used reliably to tranfer X Billions of dollars for the last 2 months all over Japan and Thailand. It has worked incredibly well! Second thing, we're also announcing that XRP will be going live in India and Mexico! We're the first real world use case of Blockchain assets on earth! Go team! Yay! It's safe! Nobody panic! 

 

Obviously I'm embellishing here, but my point is about public perception in regards to finance. I'm not sure it is to their benefit to take a page out of Steve Jobs playbook here. I think they want to be quick, quiet, and effective. Once it's successful, they announce it, piggyback some other announcements and leave the rest of the world scrambling to figure out the puzzle. 

 

Thoughts?

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I think it's a very good possibility. This scenario has been played a couple times but with very little amount. If it was released that zillions $ was already being exchanged, it could be a very good boost. On the other hand, if the price and volume of XRP hasn't risen during that time, FUDders will use this news to say that XRP isn't being used at all by banks.

Edited by Malloy
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Just now, Malloy said:

I think it's a very good possibility. This scenario has been played a couple times but with very little amount. If it was released that zillions $ was already being exchanged, it could be a very good boost. On the other hand, if the price and volume of XRP hasn't risen during that time, FUDders will use this news to say that XRP isn't being used at all by bank.

True story. 

I have to imagine that SBI is the real world test.

As XRP enthusiasts we are obviously inundated with news, but the majority of press isn't in line with any of that. People have vaguely heard of blockchain, etc... Maybe they quietly start the engine, (everyone here freaks out analyzing various information including charts), they don't confirm or deny anything, wait for a couple months and then make an announcement about how successful the first month or two has been (A few billion dollars gets exchanged, probably not a crazy amount) and then they continue from there. They start to book shows (CNBC, Bloomberg, etc) and they get the first in coverage of real world digital asset use. I think that's a decent PR strategy if I'm sitting in their shoes. 

 

 

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3 hours ago, Malloy said:

I'd say we're still going sideways...upper level but still...after we cross 0.20 USD and "stay" there we can talk about reversal...and fun ride!

Yeah I think this is the knee-jerk reaction to buy the rumor and sell the news, but if the news is bigger than the rumor then it will continue up... If ripple goes to the conference and shows / announces nothing new then it will tank again.

I take that back, quite a bit of USD payment volume on bitstamp, somebody's moving some real money into the network so this could be the beginning of the big rally and next leg up, look issued value to increase or die down

looking at external markets, Korea and bithumb might be pushing this rally, 152 mil USD there..

Edited by rippleric
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