So I have recently done ALOT of reading on Ripple, their "great plans and all the like", some of which I even find a bit impressive... but the stark fact remains they have been solidly in a single down trend for 616 days with only 2 brief kicks up that were extremely short lived and fruitful for very few other than the shorters like me.. I am tempted to let it pop a little but if not I will snatch it up in the high 0.20s maybe 50,000 and aim for a 14 cent XRP which I believe is next... if it rides up I will snatch another 75,000 at the right time and just play my cards how they land. for various reasons I do not think the world is ready for another ripple bump, it will be years before the banking and credit plays come to fruition (the only reason i still hold a FIVE digit bag of this mess! there are TOO DAMN MANY OF THEM, and though the founders may say whatever they want, someone is taking GORILLA STACKS of XRP and pouring it into the market! someone said to me yesterday, no way! if they were doing that the price would go down down down always and i responded, it has gone straight down for 2 years has it not? I bought in sub a dollar and am still down 300% i wish i had kicked it lose up 20% but i wiffed like an idiot! I have made more money shorting ripple than any other coin. i have shorted over 1,250,000 XRP down from 2.22 all the way to 0.265 in various stages but my best was 200,000 XRP down from 2.12 to 1.36 (70%) AT 0.64 Xs 100,000 (+63,500$) AND 1.06(+101,000$) and i have had other big wins down the long straight down channel that are mapped above... my point is XRP is great tech but the business model makes me cringe despite all the hype, and the only use for this coin in my book is shorting it, as I have demonstrated above it has worked well for me! but trade hard and trade your gut guys! I thought bitcoin would never see 50$!!! wtfdik!!!?? seriously, we dreamed and laughed about 20 or 50$ BTC!
Last thing, I believe its one of the few MAJOR ALTs that is still struggling to keep a hold of anything close to its bear winter lows... that is telling as hell to me but again.. ive been wrong before and maybe ripple isnt paying influencers to throw out insane numbers like 1-500$ XRP.... if you believe XRP will ever see 500$, you need youe head checked!