According to Market Cap, today XRP is at $1.09 and
that will keep on changing up and down depending on the time you will see this video. XRP is
strongly holding its ground above the 1 mark and will likely continue that way. But that’s
not even the half of today’s story. Right, it just so happens that XRP holders will be
receiving free airdrops. Yes, that’s right. XRP holders should now be ready to get Solo
tokens and that’s just the beginning of how the future is looking up for the XRP community.
But before we get into that, let’s roll that intro As always, welcome back to Money Side-
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Anyway, Bitcoin has been down for close to 15% and it seems like the coin is about to
continue going lower. On the other hand, XRP holders are rejoicing because of the upcoming
airdrops that’s about to happen this December. Yes, that’s right! All you have to do
is have XRPs in your wallet. That it! On December 22nd, Sologenic announced that they
will be taking a snapshot to see who is holding XRP and how many XRPs and Solo. Using this,
based on how many tokens you have in your wallet, you will be getting a free airdrop. Meaning you
will get free coins delivered to your wallet. Basically, that’s free money for only holding XRP.
Most people on Twitter are worried how they can get those airdrops and is there any
special recommendations. But so far, Sologenic haven’t updated anything but hit
that subscribe button and I will ensure you are in the loop when this happens.
airdrop happens, you will have the freedom to move your coins to wherever you want it to go.
So what do you think is the main cause of this airdrop? Well, from my perspective, I
believe they are trying to promote the use of XRP. That’s quite impressive considering that
XRP doesn’t need anyone to hype it up. This coin will continue to rise on it’s own even when
no one is backing it.
Now imagine when people start to stand behind XRP? This coin will head
straight up to the moon without holding back and that is exactly what is currently happening.
If you haven’t noticed, even when there some significant news, the price of XRP still maintains
within a certain range. That might seem normal but in real sense it isn’t. Imagine if the same
kind of news happened to Doge coin? I mean the coin could be sky rocketing to the stratosphere
by now. But that’s not the case with XRP. Why? The simple answer is the suppression of this
coin isn’t over. The whales are trying their best to push this coin down so they can
maximize on it as much as possible. Take a look at this wonderful news by Sologenic.
What has happened to XRP’s price action? It hasn’t made really high changes.
Here’s another interesting tweet. @XRPcoops444 tweeted,
‘It’s gone silent so they can dump there ETH bags before letting XRP run.
Corruption at its finest! We have been played!’ which was a response to JamesRuleXRP who tweeted,
‘@attorneyjeremy1 Why has XRP lawsuit gone silent? https://financefeeds.com/why-has-xrp-lawsuit-gone-silent/
via @FXFinanceFeeds’ I don’t know about you but have you noticed
the radio silence the SEC vs.
Ripple case has been on for the past couple of days? Well
the whole crypto community is now speculating that there might be chances of a settlement
coming up in the horizon. That’s amazing news and I’m super excited to see what happens to XRP
in the next couple of weeks. More importantly, I’d like to see what will happen once Ripple and
SEC announce that they have decided to settle the matter and XRP is now available to US citizens.
This coin will instantly go to the moon and even higher. As a matter of fact, XRP will
moon overnight even before anyone notices. The next thing that will happen the next day is
And that will pump this coin even higher than ever before. Don’t be surprised if this
coin’s prices reaches close to two figures or more before the end of the year and that should happen
right after the settlement has been announced. In the meantime before the radio silence
happened, Judge Netburn had ordered Ripple to deliver the recording of its meetings. That
is where the SEC will be looking for evidence to see if the executives and the Ripple stuff
talked about XRP as a stock instead of a digital token. From what I know, I don’t think there’s any
evidence of such information on those documents. Why? Well, the SEC is clearly fishing for
information in places that do not exist. Besides, we’ve already established that XRP is a
digital coin and the only problem is the sale of these tokens during its launch. Sorry to say
this, but that also seems like a farfetched idea. Clearly, the SEC has been hunting for
ideas that are not there and it seems it’s all because the SEC is just trying to stall.
Why else would they ask for an extension when they clearly see there’s no more evidence
to support their claim? At the same time, the SEC is trying to hide the fact that they
don’t want to release evidence from their side that could be incriminating.
Now this entire
court case sounds like a cat and mouse game. That’s because, we all know there’s no
issue and both parties understand that, but the SEC keeps insisting on dragging
this court case. The unfortunate part is that if they continue, the regulatory body
will expose their secrets to the whole community. And that will cause a lot of trust issues.
All in all, let’s take a look at the charts. Xrp is looking remarkably similar to what it was
in q2 of 2017 from the fractal perspective. I've highlighted those fractal similarities that can
be seen. If history is any indication we should be breaking out soon giving also that the BTC
dominance is tanking as alt-season approaches. Expect consolidation in $1.5-2 area,
maybe even higher considering how long we've been accumulating at those low prices.
If XRP reaches a price of 20,000 satoshis, and at the same time, Bitcoin reaches a price
of $100,000 USD, that should give us a price of $20 USD per XRP coin. And yes, I know that
sounds crazy, but that would be my price target. Also, there is a SOLO Coin event on December 24 of
Meaning XRP Holders will get SOLO coins if they hold XRP that day, on specific wallets
and Exchanges. So, I would expect XRP to reach its target, whatever it is, either on that
day or a few days or weeks before that. BTC now showing some solid bullish
divergence since the beginning of this latest price move on hourly chart. Both RSI
and Chaikin Oscillator are climbing but not into overbought zones, feels comfortable. We also
just breached the A/D line for the first time in this move (yellow highlight) implying bulls
are accumulating and vying to retake control. This all comes in tandem with a classic
inverse head & shoulders pattern – we're currently trading at the neckline, if BTC can
break $58.4k with volume it should quickly rally to the next resistance zone at ~$60k.
happens I don't expect a shaky retest but instead, think BTC could blow through $60k
to fully resume its broader uptrend. Please keep in mind, We are not a licensed
financial advisor. All videos on this channel are intended for entertainment purposes only.
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