Why This Former Goldman Manager Who Just Purchased XRP For First Time Expects It To Smash All-Time Highs

Why This Former Goldman Manager Who Just Purchased XRP For First Time Expects It To Smash All-Time Highs
фото показано с : zycrypto.com

2020-7-9 13:48

A former Goldman Sachs manager has purchased cryptocurrency for the very first time and his crypto of choice was Ripple’s XRP.

While bitcoin and other top cryptocurrencies are nearing year-to-date highs, XRP has not done very well. The fourth-biggest crypto is down circa 7% since the beginning of the year. Yet, the fund manager sees the potential of XRP going ballistic in the near future. Here is why.

XRP Sees Key Technical Break

After a long period of sideways trading, the cryptocurrency market is finally showing signs of a bull rally. The king of cryptocurrencies, bitcoin, recently rallied to $9,500 — although it has settled around $9,300 at the time of publishing this.

XRP has not been left so far behind as it has managed to push above $0.20. With this recent rally, a bull flag is currently forming after a successful wedge break, according to crypto analyst BigCheds. The analyst further noted that the XRP/BTC pair also broke its 50-day moving average for the first time since April — signaling that the XRP price could see further upward advance.

While XRP could soon see a monster rally, it is still a far cry from the all-time high of $3.40 set in January 2018. However, all hope is not lost for the digital asset. At least that’s what former Goldman Sachs Manager Will Meade believes.

A Rising Tide Lifts All Boats? 

Will Meade took to Twitter on July 8 to reveal to his fans that he had made his very first crypto purchase this week in Ripple’s XRP. The billion-dollar hedge fund manager admitted that he doesn’t know much about cryptocurrencies but he believes the benchmark cryptocurrency skyrocketing to new highs will positively impact the price of XRP.

Meade quoted the old maxim “A rising tide lifts all boats” that was made popular by US President John F. Kennedy, adding that if BTC retests its all-time highs, XRP should as well.

I made my first crypto purchase ever this week
$XRP Ripple
I know very little about crypto but I believe a rising tide lifts all boats, so if Bitcoin goes back to its all time highs then XRP should as well and that would be a 15 bagger 1500% pic.twitter.com/NExlU3UJX7

— Will Meade (@realwillmeade) July 8, 2020

XRP has had its fair share of naysayers over the years, including analyst Tone Vays and former UFC fighter Ben Askren. The purchase by Will Meade just goes to show that investors are still interested in XRP despite the constant criticism thrown at the asset. And in spite of the less-than-stellar performance displayed by XRP, its holders still hope to relive the coin’s glory days.

Disclaimer: The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of ZyCrypto. None of the information you read on ZyCrypto.com should be regarded as investment advice. Every investment and trading move involves risk, you should always conduct your own research before making any investment decision.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 0.5136 (+0.02%)
Объем 24H $1.092b
Изменеия 24h: 0.70 %, 7d: -2.76 %
Cегодня L: $0.4973 - H: $0.5173
Капитализация $29.207b Rank 7
Цена в час новости $ 0.1995 (157.44%)

xrp time very purchased highs former manager

Источник: zycrypto.com

xrp time → Результатов: 126


Фото:

XRP Is The Most Eco-friendly and Sustainable Currency

We are living in a time and age where we are able to measure our carbon footprint and how it affects the global climate. We have realized that we need to preserve this planet we call home and one way of doing so, is to make sure our day to day activities do not increase […] The post XRP Is The Most Eco-friendly and Sustainable Currency appeared first on Ethereum World News.

2018-9-4 18:37


Фото:

XRP Network Outdoes Itself, Billions Transferred In Seconds

Blockchain ‘networks’ are built to always be improved. It’s an essential part of running a cryptocurrency project. Networks need space to grow and they need to be able to be built upon. Ripple have very recently flourished in some of the fruits of their own labour very recently, as it is becoming seemingly more apparent just how powerful the Ripple network is, in ensuring that XRP transactions can be made at super high volumes, with very low fees, in record breaking time.

2018-8-30 23:00


Фото:

Market Update – BTC And ETH Crashing, XRP Finding Balance

Last weeks optimism has well and truly vanished. We start August on a very negative note. The markets are down, values are falling and overall, everything is a little bit disappointing. After almost two weeks of positive movements, we finally saw, for the first time in a number of months, various cryptocurrencies moving back up towards their April highs, back on the road to recovery.

2018-8-1 12:30


Фото:

Market Update – BTC, XRP & BCH, Mixed Messages But Markets Still Positive

After a pretty solid week of gains and positive movements, we enter this new week on a positive note. Values are up and as it stands, things look pretty promising as we head into August. We are now in a position in which we may very well see, for the first time in a couple of months, a number of cryptocurrencies make way back up to their target figures.

2018-7-30 12:03


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

XRP Price Set To Soar Past $5.85, Predicts Crypto Analyst

Crypto analyst Dark Defender (@DefendDark) has issued a bullish forecast for XRP, projecting a price surge above $5. 85 based on a confluence of technical indicators and chart patterns. Despite recent market stagnation, the analyst highlights several key factors—including the application of Elliott Wave theory—that suggest a significant upward movement is imminent.

XRP Whales Are Depositing To Exchanges: Price To Drop Further?

On-chain data shows the XRP whales have been making deposits to exchanges recently, something that could be bearish for the asset’s price. XRP Whales Have Made Several Large Moves In The Past Day According to data from the cryptocurrency transaction tracker service Whale Alert, several large moves have been spotted on the XRP network during the past day.

XRP Bullish Signal: Shark & Whale Population Sharply Growing

On-chain data shows the total number of sharks and whales on the XRP network has seen a sharp increase recently, a sign that could be bullish for the asset’s price. XRP Sharks & Whales Have Witnessed Their Count Go Up Recently According to data from the on-chain analytics firm Santiment, the shark and whale wallets have registered a notable jump over the past five weeks.

XRP Whales Go On $84 Million Buying Spree: Rally To Continue?

On-chain data shows the XRP whales have participated in a large accumulation in the past week, which could be bullish for the asset’s price. XRP Whales Bought More Than 140 Million Tokens Over The Past Week As explained by analyst Ali Martinez in a new post on X, the XRP whales have increased their supply share recently.

XRP & Litecoin See Social Media FOMO: Bad Sign For Prices?

Data shows that users on social media are overwhelmingly showing FOMO towards XRP and Litecoin, something that could be a bearish sign for their prices. Weighted Sentiment Has Spiked For Both XRP & Litecoin Recently According to data from the analytics firm Santiment, LTC and XRP are among the coins that have seen an improvement in sentiment following the recent price recovery.