Hello guys sorry I have been MIA for quite sometime but I’ve been very busy. I have seen that some were worried about me so I just wanted to update you all to let you know that I am fine. I know everyone is eager to know what’s up with $XRP and the market in general so i’ll give a little synopsis on what I think has been happening and is happening:
1. XRP hit the .75 macro fib zone around $1.12 then reversed and went into accumulation which is encouraging
2. We have been in a bear market since xrp peaked around $3.66 last year
3. Bear market for xrp could be over or, more likely, we see a wick to the 0.786 around $1 at some point before september/October and thats the true bottom, never under $1 again which is wild and means double digits is actually on the table for the next bull run.
Besides the chart analysis I would say to focus on developments surrounding real world adoption such as xrp and xlm being on a patent for the DTCC, RWA coming on chain and accelerating at a fast pace. XRP, XLM and ALGO have been named as conduits for the digital euro and swift is in the process of integrating blockchain as we speak. I’m aware that people have speculated only one crypto would be used on swift but thats completely illogical, it’s illogical for every rail that needs an upgrade. Look at the plans of the ECB for the digital euro, they’re planning to integrate 3 blockchains. Swift will likely have multiple blockchains to facilitate instant transactions and what they currently have is lacking a liquidity layer funnily enough… chainlink was built for interoperability for a reason, it won’t be one chain to rule them all it will be multiple chains serving various use cases and working in tandem with backups in case one chain has an issue.
Bear market will be over by October for sure, i would be looking toward the next big drop on bitcoin that takes it below 50k to start DCAing into positions weekly in preparation for the next bull run. Choose your cryptos wisely, many won’t survive the adoption phase just like the .com boom companies.