XRP: No coinbase listing: rallied on false expectations...

This could be the top in $XRP, for a good while. The only remaining expectation that remains to be clearly proven to be false in the eyes of the majority of market participants -blinded by their flawed perception of fundamentals buying into this self reinforced trend- is the fact that $XRP tokens won't be bought in the open market by banks, since Ripple sells a software solution to them, that could very well function with a private blockchain used between trusted parties, which would make them avoid the costs of buying coins in the open market. The other possibility -that could be a rumor- is that the banks that do end up buying $XRP tokens to save $ on transactions end up buying from Ripple company's own stash -which isn't even listed in the coin market cap-. They own 60% of the real supply, and if they sell this to banks -who would be scammed by them- then the open market tokens value wouldn't appreciate.

In short, this is a typical boom/bust pattern forming here, and could be about to see its bust phase start.
Sell XRP if holding, there are safer and better coins to buy, that will help you store wealth in a secure manner if following proper crypto opsec. -the most important feature of this market-

Cheers,

Ivan Labrie.

Kommentar:

Short term we could see a bottom around here: 1.93. Still, risky...I'd leave it be.
It could have topped for good when I called it.