XRP, pioneer of the first crypto wave. How's now?XRP, along with BTC and ETH, was one of the first assets I started to know the crypto market.
With his historical path, the foundation for the crypto development in the past 10 years, and pioneer in the fight with the SEC and Central institution. Ripple was born in 2012, followed by XRP Ledger, and it was the first decentralized blockchain to offer solutions and tools to developers.
XRP works with several languages such as Java and Phyton. If every crypto, to survive, must have a utilization purpose, Ripple’s one is to be the blockchain for business.
The ledger technology and the federal consensus mechanism, put ripple on the podium for the historic importance. It was the first crypto to propose a technology to integrate the fiat with the crypto, the CBDC.
But, why is Ripple still struggling to find a solid growth trend?
The 2021 spike coincides with the altcoin seasons, and for now, seems that Ripple will join the party even this time. With an increase of over 300%, ripple has come back into the altcoin landscape. But we have already seen that it grows as fast as it will drop.
My thoughts are that XRP is meant to be a translator between crypto and fiat, between decentralized and central banks. Its normal price channel is around 1$, which would make perfect sense, if it would not have one of the highest volatility, kept above 100%, nonetheless, its funding was more than ten years ago.
Is it a worthy investment? For its uniqueness and historic path, ripple is in my portfolio. So far yes.
It has respected the strategy and the last day's drop, did not turn the bullish curve. Perfect reaction to the trendline and it coincides with 0.382 in fibo weelky. Patternwise we are creating a M-shape, even if the general opinion is more oriented to a pennant shape. Anyways, it’s a bullish market for Ripple.
My TPs are $3.3550, $4.000, and $4,400 in this next alt season. But, what’s concerning me is that awful cup pattern forming in the past week. What does it mean? I don't know but, as long as its trend is respected, I am still bull on this asset. We wait for the reaction at the 618, @1.90. Just the historic higher high in the context.
