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Monday, January 1, 2018

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Ripple.......Hilarious Parody!


Ripple not only broke out above the $1.25 but took out all stops and spiked way above the $2 level  before entering a pull-back. Short-term traders should stay away from new positions, given the extreme overbought momentum readings, as a deep correction is likely already underway. Key support levels below $1.50 are found at $1.25, $1, $0.85, and $0.68. Regardless, I'm all-in on XRP regardless and keep urging my friends to "get in the game" at the right price.

Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network by Ripple. Also called the Ripple Transaction Protocol (RTXP) or Ripple protocol, it is built upon a distributed open source Internet protocol, consensus ledger and native cryptocurrency called XRP (ripples). I can totally see a partnership with Amazon, Apple, AirBnB, Uber or any other company that needs to move money across borders. 


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