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Ripple (XRP) is primed for a slingshot effect in the coming weeks. The daily chart above for XRP / USD shows that the last time the Bollinger bandwidth dropped near the current level, it led to a sling shot effect. This means that the price has returned a bit backwards and then rose in the opposite direction with enormous force. If we compare the BBW profile between November and December 2017 with that of November and December 2018, we can see a strong resemblance. The BBW indicator follows the same path it had in 2017 between November and December before the last bullfight. The price is likely to continue to rise towards the third quarter of the month. Then, it is expected to be reflected and then resumed.
The timeline for this slingshot effect is between November 3, 2018 and December 1, 2018. This means we should be able to see the start of a strong rally in Ripple (XRP) towards the beginning 2019. This makes sense when considering that most of the technical indicators at this point already favor such a rally. The price of Ripple (XRP) has tried to challenge the gravitational force of Bitcoin (BTC) to follow its own trajectory. However, he had to retrace soon to turn around Bitcoin (BTC) once again. However, XRP / USD is in a much better position than most coins. It is well above its fund and has not gone as far as most analysts expected.
Chart for XRP / USD (1W)
The interest in Ripple (XRP) is real. Many people believe that this cryptocurrency is for traditional adoption. The belief stems mainly from two strong factors: the high speed of Ripple (XRP) and the low transaction cost. These are the qualities that anyone would like to see in any bank or financial institution they use for their daily needs. Companies using Ripple's xRapid solution (XRP) have been successful in reducing transaction times and costs. Bank-to-bank transactions between different countries typically take 3 to 4 days because banks have to meet a ton of regulations and must therefore ensure that the funds are paid to the recipient. With Ripple (XRP), the whole process takes at most a few minutes.
The qualities of Ripple (XRP) make it the most suitable cryptocurrency for online transactions. If you want to buy or sell something online, the best way to do it would be with Ripple's XRP. The reasons are rather simple. The transaction time is lower, which means that payments are sent or received faster. Transaction costs are very low and this could save traders a lot. A buyer or seller can easily exchange XRP with other assets. Supporting Ripple (XRP) is not the same as supporting fiat. If you are a merchant, you can accept payments in XRP and convert them to Bitcoin (BTC) if you do not like legal currencies.
