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XRP - Ripple (in the pond)

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The rise in ripple was off the back of some fake news yesterday.
Follow david on twitter for a lot of announcements for ripple. He has major interests in ripple so bear that in mind. He defends it relentlessly,
The community or btc shills quick suss out fake news though and get stuck into him if he is wrong

Forgot the link:
https://mobile.twitter.com/JoelKatz

Twitter has some really good commentators on the crypto space.
 
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I mean a beheaded and shoulders pattern on the leader of the pack.................all things considered

There was a lot of volume in that head and shoulders which you may imagine was not those getting in early looking forward to the revolution - buying from the weaker hands who were foolishly deciding 30,000% was enough.

And besides you look more like a chicken than I do:D
 
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Although this was 21hours ago which is like 2 years in Bitopia it's still interesting to those who think perhaps it's a tad overvalued -

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Don't laugh at my charting, I could just be a genius too -

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Broke out of short term down channel and bounced off 61.8% retrace a little weekly with volumes not that encouraging.
Got some disappointing news that it will not be newly available on Coinbase in the coming months as previously hoped. So that may have contributed to the heavy handed selling at 3.25 US on the main exchange and 4.70 on the BTC.
 
Target hit and it rebounded powerfully back up to it's short term 61.8% fib support line where it looks like it just wants to stall again till the next headline blows it one way or another.

It seems that social media propaganda is what drives the moves!
Coinmarketcap is simply a website that is popular for people to follow. All it does is calculate the values and offer up prices and current moves.
It has nothing to do with anything else like trading it or being an exchange etc.
Yet Coinmarketcap decided not to include the Korean moves in it's calculations. Simply because it is a popular website for people to watch the crypto action, that announcement and move was enough to wipe billions of criptos world wide.

Totally mad!

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Lol panic at its finest. These coins basically run on fear, or greed. Because they sure don't run on fundamentals.
 
Ok saw this comment in my travels:

What actually happened was a big BTC dump on Bitfinex, which always triggers large dumps in altcoins, particularly those that investors have a lot of money in at the time (in this case, Ripple being the altcoin of the moment).
 
Seems to be holding the line for now. Bad week for crypto with all the FUD from the media.
 
Jumped 34% last night on the news that - Moneygram is 'testing' ripple to improve costs and time of exchanging money overseas.
This is a perfect use of ripple and would save Moneygram a fortune by circumventing banks.
Also it became apparent that there is little the Koreans can do to stop bit coin trading.
These are both endorsements of the technology, especially Ripple as a business - not the coins as the crazy valuation craze!
The volatility will definitely smooth out over time so that is not a reason to be doubting the tech.
Ripples transactions are so fast that volatility is not such an issue for them anyway.
 
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