Technical analysis by MyLife2Saucy about Symbol XRP: Sell recommendation (8/27/2024)

The Ripple company have recently won against the SEC and some are speculating an appeal by the SEC on the horizon. Nevertheless, the institutions that bought in early sold their holdings in late 2020. They need to get back in and will not be getting in at these high prices. They are waiting on the sidelines getting ready for the feed on the fish. Another aspect not talked about by the XRP community is the lack of institutional-based projects on the XRPL. The price of the coin depends on the value of the network. The XRPL in its current state has no significant institutional entity building on the ledger except Sologenic. This network in its current state is not worth 60 cents in my humble opinion and needs to be reevaluated.