Wait for the possible drop of XRP

221 4

wait for its support line to gain back at 2.50, 2.38 and finnaly 2.10

XRP owns nothing value but it is a good place for temporary investment, if you stop loss properly, and gain the profit more than the loss.

It's also possible to form a break of triangle, need time for observation

It has got across the support line, and confirm a second time, now downwards
2.45+(-)0.5% support
Kommentar: ready for it
It's morelikely to maitain the Short direction, need time to observe
I think you need to look at all of the work Ripple is doing on multiple fronts. I believe we will see 4.00 by close of business tomorrow. It officially goes on an exchange in Japan that is more than double the size of Coinbase. Three of the largest money transfer companies have committed to using Ripple technologies with XRP.
cd_kagaya vsasolutions
@vsasolutions, The bad news came out from South Korean yesterday, it is 2.41 today, standing over the support line around 2.37 now
Agreed on the drop, but disagree on long-term value. It probably won't be one of the big gainers for the year, but I think 5x minimum. Perhaps more depending on who these 3 big players are that their CEO keeps talking about a partnership with.
@Box1515, Yeah, that is just possible support point. Going long should still wait.
I feel XRP is trying to compete with Bitcoin in their plan, SBI INVESTMENT and GOOGLE VENTURES have invested it. Bitcoin is out of the control of government, and now someone should compete the share field with Bitcoins, which is friendly to government and banks, and Ripple is a good place. I have analyzed the Market Cap Change Cumulation with the price, and found that before the big upward jump, the Market Cap suddenly goes high. There should be institutional investor guide the trend when Bitcoin perfoms badly. The XRP's share in the market is the second now.
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