Hi!
---- FIRST OF ALL: I know there are a lot of haters about Ripple and I changed my title because I spoke about 1$ ripple. To be honest, I don't see it going there but if you read this article carefully, best case scenario it COULD touch $1, followed by an big drop, as we are used to with ripple. AND have in mind, previous ATH was around 24.000 sats (which is $1 with the current BTC price). -----
I want to share you guys my idea about Ripple (XRP) for the upcoming month. Most of us have seen the 3-2-1 FOMO counter on Twitter from Ripple last 21-22-23 August, which was causing a nice raise. The speculation about this was big with a lot of speculation about Korea, because exchanges there were driving the price of Ripple up with a lot of volume. On top of that, you could argue that the borders from Ripple's tweets were comparable with Korea's border line, including the military demarcation line.
Ripple Swell event
It turned out to be an announcement for an upcoming event called Swell and at this moment we haven't many more information about it. A lot of people were disappointed and there followed a sell off. But from that moment it becomes interesting because in the last weeks the BTC price of Ripple was very stable and you can see this as an accumulation zone. A few big players are loading their bags with Ripple before some additional news is coming out. Now let me show my prediction and let me explain.
My idea for Ripple
It is a kind of messy and was even messier before with more TA shit, so hopefully, it is now clear enough. Also if it is not readable, open the image in a new tab.
When you visit the Swell website (https://swell.ripple.com/) you can see that Ripple will keep us posted. I'm quoting: "We’ve built a bold program with a line-up of brilliant speakers. We look forward to sharing our full agenda and speakers on September 12."
So this becomes interesting. When they annouce this program, people will start buying again. I expect definatley some movement because people who are having ripple now are holding it till the event at least and big players have already accumulate some nice amount. So based on this, I would say tomorrow will become interesting with a first target at around 10.000 sats and maybe with enough hype an second target around 14.500 sats. From there, expect a new sell off and I think there will become a new accumulation zone till the event in october.
Around 10 october it becomes interesting again and you should definitely buy more Ripple somewhere around this date. There will come a new hype before the event starts. Let me explain why this event could be bigger then you think.
So what is this Swell event?
I suggest to read this, I can't explain this better: https://xrphodor.wordpress.com/2017/08/25/ripple-establishes-swell-conference-to-compete-with-sibos/. If you are lazy let me call this shortly: "SWIFT, established in 1973, has been holding their SIBOS (Swift International Banking Operations Seminar) conference for banks and member stakeholders since 1978." Ripple wants to compete with Swift so what they did is they scheduled an event for the same city and time frame of SIBOS, called SWELL. That could be a very very smart thing to do.
Ripple targets in October
So what could we expect after tomorrows annoucement? Look at the targets 16/10-18/10 (target 3 and 4). First target in october will become around 14.600 sats and second target around 20.000 sats. After that we can expect another big sell of (look at the history of Ripple chart) or maybe, if they could do some very nice shit, we could expect a further raise to the next target around 25.000 sats. Thats x5 from the price at this moment, which would mean 1$!
I think we can expect at least some x3 or x4 gains from this moment till october. And if you are smart, you will sell an amount after tomorrow's announcement and buy back in around begin october. AND if you are even smarter, sell after the event when the targets are hit, especially when ripple will hit the 1$, believe me don't become greedy and SELL and buy back later if you want.
Been long on Ripple for ages, I think it will become a usable coin.... Have seen it on a few web pages that you can buy weed seeds with it ;)
Nice article, the SWELL event looking good, hopefully this is not as dreadful as the last one...
Nice post!
Hoping Swell provides use cases of XRP and also additional new of the 50 Billion XRP lock up - that would be big for XRP price
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