Heist 🎯@P2E_Daily
XRP had the elements of a good transfer of value, not store value like bitcoin and litecoin.
Once touted to solve some elements that bitcoin cannot handle like micro transactions early on.
But it was the first crypto that had discretion to increase circulating supply and early supporters of crypto did not like this, kaya binansagan na scam nung 2017.
But due to this FUD, it created massive upside. 400X plus I think.
It also made huge run by 2021 which I predicted in Dec 2020, after this rally saka sila kinasuhan ng SEC when there were hovering as top 3 by market cap.
Being able to solve a high profile SEC case which set precedent to all other crypto cases shows it has a strong team that can hurdle anything.
Fundamentally it sounds good.
I'm a believer of LaW of Diminishing Returns.
When selecting for a good investment vehicle, I always look at the upside.
Lagi ko binabanggit ang room for growth as a preference over the established ones.
"The future value of every investment is a function of its present price. The higher the price you pay, the lower the return will be."
A good investment for me is like $XRP in Dec 2016, or $XRP Dec 2020 not in its current price.
Long term chart, down side momentum is showing good signs some bulls aren't giving up but not enough criteria for me to be excited to look or wait for a potential entry point.
Last time I mentioned XRP, I was telling people it rallied strong already and it was on a price level were risk is too high. Did not recommend and entry
Down side targets for XRP has not been reached. T1 and T2 of current move has not been reached although bull are stepping up to absorb the dip.
For me to consider it as a good long term investment it has to reach T2 before scaling in.
I think you have the tools to find this potential entry.
If you keep learning, you'll be awesome in the next 10 years.