Yesterdays price action for XRP was a fake break out HOWEVER, XRP is still in a BULL PENDENT . The one day MACD looks to want to cross over to the down side. The RSI Indicator to be fair... showed a SELL SIGNAL on the 17th.
80 Million XRP was moved to COINBASE yesterday and I still do anticipate that XRP'S BULL RUN is about to commence. And, I anticipate above 68000% Move to come in.
It is possible that the joke about $589 might not be a joke at all... I am anticipating $377.06 as the CURRENT SELL POINT. $589 is not far from that.
HECK, BNB COIN reached roughly $666 in no time! And the Utility case is nothing as compared to XRP... MY HIGH PRICE for XRP is $1009.42 a SELL TARGET of $1000.00
2/22/2022 is my projected TURN ON THE SWITCH time... could ultimately be at end of day - new day 2/23/2022 @ 00:01 am
Anything that happens currently is not of my concern because I am a holder of XRP... I believe that 0.5545 was THE LOW. HOWEVER, there is a LOWER SUPPORT showing up at 0.5858 on the left chart in BLUE...
If it breaks below 0.72, I anticipate 0.59 to be a target. Again, we are in a BULL PENDENT and I anticipate Higher moves with XRP moving around and onto the exchanges... ACCUMULATION AT A LOWER COST IS THE NAME OF THE GAME.
589 x 40 bn in circulation.. = 24 trillion dollars.
5 dollars maybe 10 but 500 wow thats just impossible
WizardOfRealms
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@FFG2501, XRP has to move more than $350 trillion Dollars currently tied up in NOSTRO VOSTROS ACCOUNTS. Bitcoin at $68,000 wasn't impossible... XRP will overtake BITCOIN. Because it probably will be the ONLY CRYPTO NOT CLASSIFIED AS A SECURITY. DEFI not on FLARE FINANCE or FLARE NETWORKS will fall to ZERO... OFF RAMPS wont be available to any investors... FLARE FINANCE and FLARE NETWORKS is build on THE XRPL. This will be the ONLY DEFI ALLOWED. This of coarse... is my speculation of future events. KNOW WHAT YOU HOLD.
FudBox
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@WizardOfRealms, The Wizard knows his fundamentals people. I have a whitepaper authored by Robert Mitchnick and Susan Athey re: XRP valuation. The current LOW FMV for XRP relative to BTC at 45k is over $6 which means we're well below and totally undervalued. Anything under $1.00 is a steal on XRP. High value puts XRP at over $30 relative to a 90k BTC price. As WOR states, the value is in the utility and people are going to be crying when this whole thing shakes out. XRP, XLM, ALGO, USDC, IOTA and a few others will be the ONLY games in town.