My latest blog discusses the fact that no one, no business, is doing what Ripple is doing. Yes there are competitors, but Ripple's approach is unique.
$BTC $ETH $LTC $GAS $BCH $XRP $POWR $XLM $ICX $TRX $XVG $ETC $STRAT $LSK $OMG $DASH $ETHOS $VEN $ADA
https://t.co/IjgE6YUIGj
BREAKING: BlackRock files with the SEC to issue tokenized fund shares on Solana.
BlackRock expanded its cash management strategy with the launch of BlackRock Daily Reinvestment Stablecoin Reserve Vehicle ("BRSRV") on Solana.
The world's largest asset manager, with $15 trillion in AUM, is bringing stablecoin reserves onchain.
XRP JUST BROKE A 13 YEAR RECORD
HAS NEVER BEEN THIS OVERSOLD. EVER
Not in 2014.
Not in 2018.
Not in 2020.
Not even during the 2022 collapse.
After 13 years of price history, monthly momentum has reached a new all time low while XRP tests its long term rising base.
This is not an ordinary correction.
It is the deepest structural reset XRP has ever recorded.
The real question is what happens when historic oversold conditions meet long term support.
$BTC monthly
Classic time-based capitulation.
6 full months since the February low and it is still holding. Now we're bouncing at the upward-sloping 50 SMA and poking above the downtrend on closing prices 👀.
I believe the entire move above the 2021 highs is one giant breakout and retest, with coins being redistributed from OGs to a new class of diamond-handed hodlers.
There were *two* mid-cycle corrections in 2020-2021 deeper than this. The business cycle and interest rates have been a headwind since 2022, with precious metals and AI taking attention and capital from bitcoin.
In terms of further downside potential, I don't see much more than another test of the lower bounds of the wedge, at best.
But when the falling wedge breaks out, it is likely to push us back toward ATHs well before the next halving in 2028.
Then the next target is the top of the megaphone pattern. That's where most models will have factored in this unprecedented compression as the new normal, and they will call for a top.
But this compression is setting up an expansion like we have not seen since 2020. If and when it breaks out, and the top of the megaphone forms the new floor, we will finally be reminded what bitcoin can do when it runs.
Our patience will be rewarded. LFG 👊👊
Deepening our push into capital markets, we are investing in ZILO and Licuido to add regulated transfer agency, issuance and collateral mobility to our capital markets infrastructure built on the XRPL. This comes on the heels of Aviva Investors tokenising its US Dollar Liquidity Fund on the XRPL last week - a clear signal that institutions are ready to move.
Ripple is here to help them.
https://t.co/rn0EJeFybe
Is the suffering over?!
Either it is or we're close.
Either way, you should not give up here.
Looking back, we have always swept below monthly EMA50, which has happened this time as well.
Diagonal resistance breakout is something I wait for the 1st confirmation.
p.s. this count is a conservative one.
$XRP
Simplified explanation of Coldcard issue:
Wallet secret generation is like "pick a number between 1 & 100 million" (number is much much inconceivably bigger)
Pick the same number & get the same seed
ColdCard had a bug causing it to instead generate between 1 & 100
Someone figured this out, so they can much more easily guess all generated secrets
🚨 BREAKING: Bitcoin just recorded its lowest positive-to-negative commentary ratio across X, Reddit, Telegram, and other platforms since Santiment’s modern social tracking began. The Coldcard firmware exploit has shaken traders because it hits self-custody, the place many believed was crypto’s safest final line of defense.
🔐 By magnitude, larger crypto disasters have happened before, such as the FTX and Mt. Gox collapse, and COVID-19 Black Thursday. But this one feels different to retail traders because it is sparking debates about the security of cold wallets, in general. Not the consistently more criticized exchanges, bridges, or leveraged platforms.
📉 Fear is now louder than greed by a historic margin, with just 0.58 bullish comment for every 1.00 bearish comment related to Bitcoin. Though there is only a one day sample size thus far, this panic reading is larger than the peak war fears earlier this year, as well as the other aforementioned events from crypto’s past.
🙏 We sympathize with all who have been financially or emotionally impacted by this unfortunate event, and will continue to cover the on-chain and social impact as more details emerge. Bitcoin and altcoin transactions can and will continue, and trust will (as always) eventually be restored.
🔗 Live chart of $BTC crowd greed vs. fear here: https://t.co/6Z25Nt4kdz
Yes, banks do know what they want in this moment. And what do we see?
We see it's only the largest banks that are creating these walled gardens. It's an attempt to retain control.
But we don't see small banks creating walled gardens, and that's most banks in existence.
Those small banks are currently paying their larger competitors for access to their global liquidity so that they can conduct foreign exchange transactions for their customers. Creating walled gardens doesn't change that for them.
Do you believe these small banks like paying their larger competitors? I don't believe that.
So this is playing out in a predictable way. The largest incumbent banks are grasping to retain control, and everyone else is less likely to fight the future of global finance.
$XRP isn't the end all be all, but today it is a successful piece of the new global financial system which is only in the beginning stages of being adopted.
There will be multiple winners in the crypto/blockchain space, including for the use case of bridge currency.
Everyone needs to read this because failing to make this shift in mindset is the single biggest roadblock to the average persons' success in this space.
It is the reason 95% of retail investors fail- because they let the current price of an asset dictate the perceived value of their potential investments- that is when price is down 90% from the highs they assume "this is garbage" and when price has pumped 100x off the lows they think "this is gold" leading them to buy HIGH and sell LOW when they should be doing the exact opposite.
Read it, shift your mindset now, and be the 5% who win- not the 95% who lose.
@CredibleCrypto Sadly it's true that most people never make life changing wealth in crypto, but that doesn't mean the opportunity isn't real.
As I always say, we as investors are our own worst enemies when it comes to investing.
If this doesn't work out for me, its probably my fault.
RippleNet was rebranded as Ripple Payments years ago. And yes it's true if you're using the messaging portion of Ripple Payments then you don't need $XRP. You can just settle through traditional means even if the requires prefunded accounts (nostro/vostro).
But if you want to use Ripple Payments for settlement, which is not the same thing as messaging, then yes you do need $XRP for that or $RLUSD.
I think I've encountered like two $XRP maximalists ever, they almost don't exist. Most $XRP holders own a ton of different coins actually. It's a great community.
I don't believe that $XRP will be the only thing used to bridge currencies, but it is one way this is done, and it's working today. It's not a science experiment.
Even if you're just talking about Ripple, they've been using $XRP for that purpose for nearly a decade in their production software.
And if $RLUSD ends up broadly being used as a bridge currency, that's great for $XRP holders too, as $XRP is required for every single $RLUSD transaction that occurs on the XRPL.
🚨 SCAM WARNING: FAKE RIPPLE ANNOUNCEMENT 🚨
A fake post circulating on X claims Ripple is launching "XRP Holder Tiers" and directing users to xrp-badge.c0m
THIS IS A PHISHING SCAM: Ripple never posted this.
DO NOT CLICK: Connecting your wallet or entering seed phrases at xrp-badge.c0m will result in your XRP being stolen.
FACT: Neither Ripple nor the XRP Ledger requires holders to claim badges or register for perks.