Ripple (XRPUSD)

[ticticticblam]

OTC Buyer - As far as I know MtGox is to blame. They sold off a huge amount of bitcoin to pay debt. This caused the usual market panic we see all the time. The sell off was so big coin owners starting taking profits just in case coin was falling into ruin.

This opened the door for those paying attention and willing to take on some risk. A door was opened for more buyers at an affordable price.
When ripple went below 0.50 I was able to double my position. So all the coin MtCox sold along with all the other coins like ripple is now owned by many. And now coin is back in bull mode. IMO

AS for ripple - If seems like they are doing what it takes to hit new highs. I see no reason why ripple can't hit the predicted prices being written about. Of course there will always be resistance. I've always believed there are very powerful entities who want coin to fail. As for me I believe coin is the ultimate future currency. IMO If I'm right lets hope ripple continues to be a major player.


https://www.ccn.com/bitcoin-drops-8300-mt-gox-trustee-sell-off-continues-market-drops/

https://www.forbes.com/sites/panosmourdoukoutas/2018/01/31/bitcoin-ripple-and-litecoin-sell-off-whats-different-this-time-around/#6ce0b6b4122d