XRP/USDT Steemit Crypto Academy Trading Competition [TEAM FRONTLINE] - S6T4

I hope everyone will be healthy. I am Wasim from Pakistan. I am going to work in the team front line this week. Thanks professor of team Frontline @shemul21 and @abdu.navi03

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The name and introduction of the project token, and which exchange can be traded on, project/technical/team background, etc.

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Ripple works on a blockchain technology that helps payments transact internationally
Ripple is not a cryptocurrency. Some newcomers consider it a cryptocurrency but it has a cryptocurrency called XRP.
It works with many financial institutions that use its blockchain technology to take advantage of lower transaction fees as well as faster processing.
People used this website for financial transactions with each other. Ryan Fugger Ripple was a software developer who came up with a version of this project and worked on it.
It was the only cryptocurrency that existed in some form or another before Bitcoin existed.
The cryptocurrency began its journey in 2004 as RipplePay
Jed McCaleb was the programmer who started work on the XRP cryptocurrency project in 2011 and designed it on blockchain technology.
۔ Funding was raised in 2012 and Fugger was approached to use the RipplePay network and Fugger agreed to use the network.
Fugger founded a company in 2012 that worked on XRP cryptocurrency.
This company changed a lot of names, first it was renamed NewCoin, then it was renamed OpenCoin and finally, as we all know, it was renamed Ripple. It has not been renamed since then. has been
The company worked with a number of financial institutions in 2019, the company claimed
The RippleNet network has been used by more than 300 financial institutions and operates in more than 45 countries.

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Source

RippleNet is one of the fastest transaction networks that works as fast as possible for a minimum fee. The transaction takes just five seconds.
RippleNet's goal was to facilitate banks to accelerate international transactions and to charge a minimum fee. This was a reliable technology that the banking system could rely on.
There are several advantages to Ripple (XRP) for international payments
1 The transaction was completed in just five seconds.
2 For large amount of transaction 0.00010 XRP fee was charged which was very low
3 It was a reliable technology that could be trusted

Exchange and trade platform

XRP exchange & traded on

  • 1 Binance
  • 2Huobi Global
  • 3 MEXC
  • 4bitfinex
  • 5 Bithumb
  • 6 bitstamp
  • 7 Gate.io
  • 8 Coinone
  • 9 poloneix
  • 10 bybit etc
    Their trades and transactions can be processed on these platforms. Like every corrupt coin, it cannot be exchanged.

Coinmarketcap Details of XRP

Screenshot_2022-03-30-15-38-54-20_40deb401b9ffe8e1df2f1cc5ba480b12.jpg
Rank #06
Lowest in 24 h $0.8489
Highest in 24 h $0.8838
Market cap $41,532,350,133
Fully Diluted Market Cap $86,274,837,760
Volume in 24h $2,108,085,550
Volume /market cap 0.05052
Circulating Supply 48.12B XRP 48%
Max supply of xrp 100,000,000,000
Total supply 99,989,656,524

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Why are you optimistic about this token today, and how long do you think it can rise?

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I can't expect much from this coin because it has a 50% chance of increasing or decreasing.
As a case is pending against him by the SEC in 2020, there was a complaint against him that he used his currency.
Sold 1. billion in unregistered securities
The legal battle with the US Securities and Exchange Commission has cost it dearly. This coin has not made any significant progress since then so I can't expect more from this coin.
If it wins its case against the US Securities and Exchange Commission, its value could rise 100 percent And if it loses its case, it will surely be destroyed Its success depends on the US SEC This is a dangerous coin whose future no one knows So I will not trade in this coin for a long time

(How long can it last)

No one knows the future of this coin. It depends on his case. If he wins his case, his success will increase day and night. No one can predict how long it will last. Can

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How to analyze the token? (using the analysis knowledge learned from professors’ courses) — important part and Your plan to hold it for a long time or when to sell?

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Below is a chart of support lines and resistance lines
In this chart we will look at the market by studying the fast moving slow moving and low moving MA line.
I have set this chart in a week time frame
In this time frame we can easily see it coming down the slow moving MA line
And we see the fast moving yellow MA line crossing the other two MA lines and moving fast upwards. I will buy it in a short time for a week

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I will use my mobile application called binance to buy this coin
I have given my entry at 0.8651 but due to sudden increase in price I could not get admission then I set my entry on 0.8688 market and bought from me about 15 usdt
Proof of which is given in the screenshot below

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Unsuccessful entry on 0.8651

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Successful entry on 0.8688

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Now I have total XRP 17.98
I intend to keep the coin with me for a week or more. As soon as a decision is made in the US sec case, I will sell the coin or keep it if the company wins the lawsuit. How can I make a lot of money from it because then it will increase in value?
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Do you recommend everyone to buy? and the reasons for recommending/not recommending.

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As we know this company has some issues with the Securities and Exchange Commission due to which if the case is decided in favor of the company then this coin will be successful and will grow more than before and if unfortunate If the case is lost, the coin will depreciate over time
So this coin is a very dangerous coin, it has a 50% chance, so I would not recommend this coin to anyone.
No one knows the future of this coin. Considering the market conditions and events and its risk, traders should buy this coin at their own risk

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Anything other users want to share about the token/project.

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Coin that very good technology works on blockchain
Which is why it's a trusted coin
Works quite well in bank transactions
Charges a minimum fee which is less than one percent
Where banks used to take three to seven days to transact internationally, this technology can be done in just five seconds.
It was the fastest river in the transaction
But the US ICC case has had a significant impact on its structure, which, if it wins the case, will open the way for its development, otherwise its future will be bleak.
A complete market analysis for the buyer and the buyer at his own risk

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Thank you professor for amazing homework
PROFESSOR:
@abdu.navi03 & @shemul21
@sweet.colours

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