Ripple (XRPUSD)

[GreedyAgorist]

Chart hit $3 mark during a speculative spike. Surely nobody thought it would plateau there. You would have better luck resurrecting John Maynard Keynes than “stabilizing” this currency at any higher price, let alone three dollars. If the 55 billion XRP in escrow were in yearly accounts instead of monthly accounts, we probably would still be well under $3.*

I have no price targets or dates for this or any other cryptocurrency. I am accumulating with money that would otherwise be getting 2% at a bank. If I was trading XRP, I guess I would be upset with it loitering around 29 cents, since I would either be waiting for it to get to over 30 cents, so I can sell, or get back down to 27 cents, so I can buy; that seems to be our trading range, somewhere between 24 and 31 cents. If you are looking for a breakout, you can always try the major indexes. The Dow may have finally escaped resistance at 27k, which means 30k is in play before the next recession. That is just my opinion. (That is an experienced, although often indistinguishable from amateur, opinion.)

As with any investment, you can trade XRP in different ways. You can buy and hold (or HODL, as they say). You can buy low and sell high. Or you can wait and whine. Not sure doing so here makes any difference. XRP is not like a low float penny stock that can be pumped or dumped with a little extra bulletin board or social media action. But I will keep reading the posts. (OK, sometimes I just skim them.)

*Effectively the XRP is in quarterly or thirdly (thirdly?) accounts, as this year the amount released from escrow has been between 23 and 30% of what was available in the accounts; the rest went back to wait another 55 months.