This Friday i highlight the cryptocurrency Ripple, the one used by banks, which in recent days has lost 30% of value.
As I said on several occasions, Ripple is one of the best cryptocurrencies for trading in the long term as it moves in a fairly predictable channel of 0.15 to 0.30 dollars.
At the moment it is negotiated at its balance point of 0.20, being an interesting point to buy. The optimum value is 0.18 USD.
I would recommend to the speculators in the short term, to liquidate the purchases around the US $ 0.26, and to wait that they lower again to buy.
If you plan to invest in the medium and long term, the maximum goal would keep it in the range of $ 0.40 to $ 0.50.
The graph below shows clearly the evolution of Ripple in the last week, where on October 17 had its peak at US $ 0.29, before undertaking its fall to about US $ 0.20.
Ripple occupies the third position in the ranking of the cryotocurrencies, with a capitalization of market superior to the 8,000 million dollars.
What are your thoughts on the 20 XRP minimum for a wallet? I know at the current value it is pretty negligible, but I wonder if others may follow suit.
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