WHY 1 XRP COIN IS ENOUGH! Whales Buying THIS ALTCOIN in July 2021

on july 2nd major cryptocurrencies continued to lose ground the crypto market has recently become volatile as a result of several crackdown incidents eight of the top ten digital currencies were trading lower with some losing as much as seven percent but is xrp ready to explode what's happening with xrp make sure to keep on watching because we have an interesting fact about xrp that you might not have been aware of welcome xrp army let's grow the xrp lab community by pressing the like button and subscribe in the cryptocurrency community the securities and exchange commission's sec bombshell lawsuit against fintech company startup ripple has become a core celebrate but is sweeping implications about regulatory overreach against innovation are provoking principal debates in some of the country's most influential policy circles last week experts spoke at an event titled sec versus ripple labs cryptocurrency and regulation by enforcement hosted by the federalist society's regulatory transparency program rtp an organization dedicated to increasing conversation and understanding of regulation the value of xrp has plunged as a result of the sec's action with more than 50 exchanges delisting or suspending xrp trade and the currency losing 75 of its value holders of xrp who were forced to sell inner panic as a result of the sec's move are furious separately from ripple john deaton of the deaton law firm and the website crypto law is leading a challenge to the case he filed a petition of mandamus in the southern district of new york on behalf of more than 18 000 xrp holders to contest what he called the sec's egregious and inappropriate behavior if you bought one thousand dollars worth of anything five years ago it would be worth six figures you could acquire xrp for a little more than half a penny five years ago a one thousand dollar purchase and that low price would have netted you around a hundred and seventy three thousand xrp on july 4th was trading seven two at 0.6724 per unit your one thousand dollar investment would now be worth more than a hundred and forty seven thousand dollars as a result of the massive rise that's a massive growth of almost fourteen thousand percent demonstrating how much money can be made in the correct cryptocurrency on august 4th 2013 the initial known price of xrp was 0.005874 it lasted below 0.01 until 2017 with the exception of a couple of brief price increases by the end of january 2018 the price had declined nearly as swiftly as it had risen and it was below one dollar while there were some price increases xrp was on the decline and was worth less than 15 cents in march 2020.

Xrp followed crypto into a bull market in the second half of 2020 breaking beyond 75 cents in november the sec action however halted the rally and pushed the price back below 30 cents in december in 2021 xrp recovered approaching the two dollar milestone in april xrp has been a great investment for those who got in early enough especially those who sold around the beginning of 2018 but that was in the past it's more difficult to say whether it's a good investment now ripple's global payment system has led to hundreds of partnerships which is a plus for xrp american express bank of america and santander are among the most well-known partners despite the fact that many of them use ripple rather than xrp ripple's success is still good news for its cryptocurrency the sec case on the other hand is a dark cloud hanging over xrp most crypto exchanges won't let you purchase or sell xrp because of the lawsuit this includes coinbase a well-known u.s exchange that stopped trading xrp in january if ripple can get beyond the litigation the glass-half-full view is that xrp could be due for a price increase but as things stand it's still a risk if you do decide to buy some be sure you only put in what you're willing to lose ripple is not like its main competitors bitcoin and litecoin when it was created a hundred billion xrp were released into the market with the creators holding 20 billion and ripple labs receiving the rest ripple labs has placed 55 billion xrp in an escrow account to ensure the market stability it's worth noting that ripple has been dubbed a bitcoin killer at least since 2014.

Despite this it's only recently gained popularity and enthusiasm among cryptocurrency enthusiasts ripple's price has risen dramatically recently similar to other currencies yet it's still quite cheap in terms of pricing ripple took a lot of punishment from the bears at the start of the week as xrp fell to 0.52 the fear dropped to 0.5 dollars occurred meanwhile ripple quickly recovered reclaiming the ground it lost above 0.6 dollars the bulls extended the up leg to 0.7 but the rally stalled at 0.67 maintaining support at 0.6 is critical for the uptrend to resume however before the balls throw another jab at 0.7 ripple may pull back even more most crypto assets rely heavily on on chain measures to perform well let's take a look at the chart and see what the price of xrp is doing on july 4th shall we although the xrp price rose 45 from its low on june 22nd to its high on june 29th it did not match the criteria from an impulsive rebound due to insufficient volume the rebound's corrective disposition is shown in today's collapse from a bearish flag pattern ripple's chances of breaking below 0.65 have increased with the 78.6 fibonacci retracement level of 0.555 and possibly the june 22nd low of 0.512 as targets to recap the price of xrp has dropped 70 percent and a spectacular 50 percent from his june first high liquidating the may 23rd low of 0.652 a level bolstered by weekly highs in late 2020 and february 2021 ripple on the other hand achieved three key technical milestones that triggered a 45 rebound on june 29th a test of the 78.6 retracement of the december 2020 april 2021 advance at 0.555 an undercut of the 50-week sma at 0.54 and the first oversold reading on the daily rsi since late december 2020 the 45 recovery was impressive but it lacked the impulsiveness and velocity that characterized major bottoms that would have allowed xlp to overcome the enormous barrier around 0.74 to 0.76 dollars as a result a bear flag pattern formed yesterday swiftly putting the 0.65 support level into play on july 2nd ripple is attempting to maintain the current level the measured move of the ripple bear flag formation is around 36 percent implying that xrp price will overcome the 78.6 retracement level of 0.555 and the june 22nd low of 0.512 before bottoming around the measured move goal of 0.437 it's worth noting that xrp price has no meaningful support below the measure move goal according to the pressure on optimistic ripple matters at this juncture the bearish ripple narrative is compelling and only a daily close above 0.76 dollars the neckline of a multi-year inverse head and shoulders pattern would change the picture one probable scenario is for the price of xrp to fall into a trading range between 0.555 and 0.76 dollars resulting in great swing trading conditions due to the massive support and resistance levels and the associated 30 to 40 profit opportunities ripple on the other hand is dead money for long-term investors under 0.76 dollars ripple's price may improve in 2023 according to numerous projections for long-term realistic xrp price prediction as there are many upgrades and partnerships in their plan ripple's price might rise to roughly four dollars which was its previous all-time high according to short and long-term technical analysis and ripple price predictions the cryptocurrency price in 2024 might be about five dollars as it was designed to replace most fiat currencies and if xrp adoption occurs the coin could enter a ball run with the xrp price skyrocketing in the long run example has been favored as a bright game for optimism with prices in the four to eight dollar range posting significant gains however the most practical strategy is to anticipate a price level in the middle of these ranges xrp's future as an affordable and valuable digital asset could be triggered by widespread use in the long run the price could reach a minimum average of six dollars in the following five years most experts believe ripple is to blame for the current spike in token air drops and as a result many investors have placed sell orders in the other major coins such as bitcoin and ethereum most traders wonder is this currency xrp a good investment when compared to bitcoin or ethereum in the recent crypto bear market ripple is a superior investment option because it's only suffered minimal losses compared to major crypto assets like bitcoin and ethereum the sec's treatment of xrp has come to exemplify the us government's fundamental ignorance of cryptocurrencies decentralized ledgers and blockchain technology and what they signify to the global economy according to many analysts xrp will either be a triumphant hero or a martyr for deaton and millions of other users of the technology but its legacy will shape the future of the global economy and whether the united states will be a leader or a follower ripple xrp can expect a lot more in the years ahead if alliances and collaborations continue to grow and expand to new countries it's now time to take a look at the fact of the day unlike most other cryptocurrencies xrp isn't mined or created instead during the genesis event all ripples were created xrp isn't meant to be exchanged like bitcoin or other cryptocurrencies kindly note that the prices of cryptocurrencies frequently change so by the time you watch this video it might have changed to a whole new value the information provided in this video does not constitute investment advice financial advice training advice or any other sort of advice and you should not treat any of the content as such the content in this video is for educational purposes only do conduct your own due diligence and consult your financial advisor before making any investment decisions do you invest in xrp if you want to continue to know about xrp we've got two more videos waiting for you on the end screen to check out make sure to subscribe and give us a thumbs up thank you so much for watching see you in the next video my 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