#Iota

Moving Towards Targets Running In 80%+ Profit So far Still Expecting More✅

XRP price stuck under $0.65 despite Bitcoin hitting $38,000 three times in one week

Ripple (XRP) and Bitcoin (BTC) prices do not show parity. Despite both featuring among the crypto top three, Ripple price is stuck under $0.6500 while Bitcoin has managed to foray north, testing the $38,000 psychological level for the third time in a week.

Wow. I never realised XRP’s
price performance was this poor
compared to other major coins
and not only compared to Bitcoin
and Ethereum. It has of course
been under the cloud of a SEC
investigation and then lawsuit
that entire period but you would
think it would have caught up…

Following the court’s determination about XRP’s security status, and its confirmation by Judge Analisa afterwards, the Ripple community has a lot of hope for the token. CEO Brad Garlinghouse at some point said that XRP is the next Bitcoin if it solves a multi-trillion dollar problem.

BOOOOOOOOOOOOOOOOOM
#XRP IS THE NEXT BITCOIN!

On this comparison, legal expert Bill Morgan challenges the narrative that selling pressure is what is keeping Ripple price stunted.

Is that selling pressure
suppressing XRP price? I say no.
Firstly, it’s not 3 billion XRP per
quarter. That much is released
from Escrow by Ripple but about
800 million XRP per month is put
back into escrow. Secondly 200 million XRP per
month is not much compared to
XRP volume…

Meanwhile, Ripple price has investors at the edge of their seats. They continue to remember September 4, when Ripple CTO Stuart Alderoty opined that XRP could emerge as the world’s reserve currency one day. In his opinion, much of the world would be satisfied with a currency that no one controls being used as the world’s reserve currency.

#Dot

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Signal

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Breaking Descending Channel Incase Of Successful Breakout Expecting 2x Bullish Rally In Midterm ✍️

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Exchange: layer3ex.io

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