Ripple (XRP) Bulls Stand Up To Bears But Descending Channel Is Yet To Be Broken

[PRIBO247]

Ripple (XRP) bulls have finally stood up to the bears and denied
continuation of the downtrend, at least for now. This resistance to
downtrend continuation has come at a point where Ripple (XRP)
has to make it or break it. It is Ripple (XRP)’s last chance to break
out of its yearlong descending channel failing which it will have to
fall back towards the bottom of this channel. Ripple (XRP) bulls
being aware of this are stepping up to defend against a fall below
the short term ascending channel seen on the 4H chart for XRP/
USD . The price is also trading above the 200 MA on the 4H chart
and is not prepared to fall below that. A break above this
descending channel will be a major breakthrough for Ripple (XRP),
one that will formally mark the culmination of the bear market.

Investment interest in Ripple (XRP) is on a steady rise and now
that Ripple (XRP) is the no longer the third largest coin by market
cap, investors are directly comparing it to Bitcoin (BTC). For most
Ripple (XRP) investors, it is Ripple vs. Bitcoin. They believe that
Ripple (XRP) is here to stay and will end up securing partnerships
with major financial institutions to keep the current financial order
intact. The majority of Ripple (XRP) investors are convinced that
Ripple (XRP) has a better shot at adoption and use than Bitcoin
(BTC). This is because Ripple (XRP) is faster, cheaper and more
scalable. It is also backed by a known group of people so if
anything goes wrong, they will have someone to take to court.

Ethereum (ETH) lost its position to Ripple (XRP) as the interest in
ICOs died down during the bear market, but with the beginning of a
new cycle, we are going to see thousands of new ICOs flood the
market again. That being said, Ethereum (ETH) is quite unlikely to
put in a real fight to secure its second spot because the interest in
Ripple (XRP) is growing whereas interest in Ethereum (ETH) is
declining. As more and more of the current platform
cryptocurrencies begin to develop new Dapps on their blockchains,
Ethereum (ETH) will gradually begin to lose its unique selling
point. Ripple (XRP) on the other hand is expected to grow a lot
faster. In fact, Ripple (XRP) is just one major partnership away
from becoming a major stake holder in the financial industry.

If Ripple (XRP) signs one major partnership with a bank that
requires the bank to use XRP for liquidity instead of its nostro
accounts and the bank sees a drastic decrease in its expenses and
a rise in its efficiency after some time, it is going to change the
game completely. In fact, it would not be surprising if Ripple (XRP)
overtakes Bitcoin (BTC) in case something like that happens.
There is no denying that Ripple (XRP) was and will remain to be
one of the most lucrative investments in this industry. However,
there is a lot more to this space than money. Most of us got into
cryptocurrencies and blockchain technology so we could be in
charge of our own finances and help the world become more
decentralized. At the end of the day, you have to decide whether
you want to empower middlemen to maintain the status quo or
you want to help projects that disrupt the financial order as we
know it.

https://cryptodaily.co.uk/

[giovannucchi]

Considering Ripple price behavior, we can consider it a secure bay where store value during bear market.
Indeed, if you are a long term holder, you should have some XRP to equilibrate the wallet.