Graph/price analysis Ripple.

in #cryptocurrencies8 years ago

So with all the drama around Ripple, let’s analyse the graph and see what has happened.
If we look at the graph below we can see the price went up significantly two times in a row. xrp.png
source: bittrex

First we went from 25 cents to 1 dollar in a short period of time, then we moved to an all time high around $3.20.
So what we see here is a healthy dip. What goes up, must come down. So even though there is a large amount of FUD going on, the graph shows a healthy decline.
This will give opportunity for others to enter the market and for us Ripple HODLérs to jump out and back in again. (be careful though no garanties).
So overall it looks good and once all the FUD has disappeared there is no reason for Ripple not to rise again. Next week will be better though as coming Monday the Wall street bonuses will be paid , which means more money will go into crypto’s.

#steemthatshare

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Didn't know about those bonuses, good to know! :-D

Thanks for this evaluation, gimme more of those!

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