Did you guys witness the $1.7 breakout? Did
you? Well, it didn't last for long, but hey, that's progress. Unfortunately, XRP is on a
downtrend since that high, but, as always, this coin shows promise for any long-term
holder. That's not the only news I got for you guys today. Stick around to the end, my XRP Gang.
What's up, guys! Welcome back to Money Side, where we let the money do the talking. If you haven't
already, hit that subscribe button, and let's make this money together. I'd like to take a moment to
thank you so much, my loyal fans, for being with us since the beginning. I'm eternally grateful
and will always ensure I give nothing but the best videos to you. So, let's get down to business.
This news just came in, and Ripple has announced that they are partnering up with the National
Bank of Egypt and the LuLu International Exchange Connect.
They will be using RippleNet
to elevate Remittance Experience into Egypt. I told you guys that nothing would slow
down this company, and as you can see, they are still on their way to the top.
This partnership will allow cross-border payments between UAE and Egypt through RippleNet.
Egypt currently ranks as one of the top five remittance recipients globally after India,
China, Mexico, and the Philippines. The country received a whopping $24 billion in remittance
in 2020 alone. Imagine that! When the world was suffering from the pandemic, Egypt has such big
numbers. What do you think will happen this year? On top of that, the country is now incorporating
RippleNet into its framework. I can't wait to see how this partnership will fair
soon. Like I keep on saying, guys, the SEC will not slow down this company at all.
Another news that I thought you should also know about is the crackdown Argentina
is having on cryptocurrency users. So, if you are a citizen of Argentina, you need to be
careful. That's because the government is trying to find out how they can leverage tax on such
The same case has happened with Coinbase since the company had to cough up its list of
users, which significantly affected the users. All in all, ever since Coinbase was listed on the
stock exchange, sales have gone through the roof. Back to the news on Argentina, all my Argentina
fans, you will need to be cautious from here on out. Don't trade your cryptos frequently
because that could expose you to tax fines soon. Bitcoin is bleeding pretty heavily at the moment,
and I thought it's worth mentioning. It's recently below the 40k dollar mark, which is substantially
One of the reasons this crypto king has had this significant drop is the Tesla news. Well, I'm
sure it doesn't surprise you that Tesla could have such a drastic effect on the cryptocurrency world.
That's the unfortunate side of the crypto world. The prices of the coins will be positively or
negatively affected by the news. And that's the reason for such videos so we can always keep you
in the loop on current events happening worldwide. Another Billionaire who's also making waves in the
crypto community is Mark Cuban. He's going bullish on the crypto adoption processes saying that
the cryptocurrency prices increasingly reflect the ever-growing demand for these coins.
He's also going bullish on DAO participation, networks with real usages, and mass adoption
on the horizon.
But here's the thing: XRP has been in the market for a while. And in my
opinion, I have a feeling that this coin will be taking the stage shortly. That's because
this coin isn't just your ordinary crypto. And in other news, Ripple recently announced that
they would be hiring a Senior Frontend Engineer for RippleX. The said engineer will prototype new
use-cases and user experiences relating to NFTs, CBDCs, and the XRP Ledger. Guys, we all know what
that means, right? Ripple is about to launch an NFT platform, and their CBDC adoption on
their private ledger is on the horizon. We all love NFTs, and we've seen the impact such
platforms have on the cryptocurrency world.
Now we know that Ripple is continually hiring people
on the backend, especially in the CBDC department. That means they are expanding this department
to tackle the ever-increasing demand for their private ledgers by the world's Central Banks.
So, we already know about Egypt adopting XRP and the Bank of France. But the way Ripple is
hiring staff members shows that more and more banks are willing to embrace their technology. So,
guys, I don't know about you, but I really think this company is close to being indestructible
even if SEC keeps banging at their door with a sledgehammer. A coin that doesn't go down
easily, even with the current crypto volatility, should have my money if you ask me.
Yes, the SEC lawsuit might be slowing down the roadmap of this company, but I don't think
that will hold for long. XRP, on the other hand, seems to reflect the adoption of RippleNet
that's why we witnessed the high recently. But like I always say, these slight upward bursts
show that this coin is headed to greatness. Soon, the crypto will be so influential
it would be impossible to ignore. And if you don't jump onto the ship in these
early stages, you could potentially miss out on a good investment.
Either way, XRP will
still head to the moon or even past it. It's already doing it. That's why I don't think
the $10,000 mark is an overestimation. In fact, that's the right price for this coin once the SEC
lets it go. This coin and the company behind it are putting up one hell of a fight against going
down. It's likely that they will both be soaring in profits before the year's end. It's time to
look at the charts and see what's happening. Now we are looking at 4-hour chart, Updated
wave counts after the previous corrective wave finished.
We stayed in the range previously
forecasted. In an ascending triangle at the .786 fib level and again at the 1.0, we are
now very bullish. (thick orange/red-orange) Light blue is just a guess and the faint grey
line is fantasy. Guessing we bounce around the fib levels before we flip and go parabolic.
This move will coincide with some news, my guess is the SEC lawsuit will resolve itself
and a re-list in US exchanges will happen. I made this on the log scale and it looked better.
Previously the XRP started a big powerful bullish rally after the formation of
Gartley pattern. XRP completed a big Gartley pattern for up to 161% profit rally.
Now this time on the 2-day time frame chart, the price action of the Ripple has completed
the final leg of another Gartley pattern. There is also 50 simple moving average support
below the buying zone of this harmonic pattern. Buy between: $1.22 to $1.07 and
Sell between: $1.33 to $1.6. The maximum extent of the potential reversal
zone to $1.07 can be used as stop loss. As per the above targets, this trade has
a profit possibility up to 50% and a loss possibility is 13%.
Make your own decisions guys.
Best wishes to everyone. Trade safely my friends. Please keep in mind, We are not a licensed
financial advisor. All videos on this channel are intended for entertainment purposes only.
Tell us what you think in the comment section below and let's have a conversation.
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