Does JPM Coin (JPM) Pose A Serious Threat To Ripple (XRP)?

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Ripple (XRP) is still on the verge of a massive breakout that has yet to come to fruition. The daily chart for XRP/USD shows that the price has reached the extreme end of the symmetrical triangle it is trading in and is now out of room for further sideways movement. It either has to come down or go up but it will have to break out of the symmetrical triangle. That being said, the price has been holding strongly above the 50 day moving average and it is unlikely that it will fall below this level. In fact, we might see the golden cross come to fruition if the 50 Day MA ends up crossing above the 200 Day MA which would not be very unlikely as conditions for a rally to the upside are ripe on the daily time frame. The recent developments that led to XRP/USD reacting negatively to news of JPM Coin (JPM) have once again sparked the debate regarding the future of Ripple (XRP) now that JP Morgan is getting in the same game. There is no denying that Ripple (XRP) is no match for something the size of JP Morgan that has been playing this game for decades. However, as things stand at the moment Ripple (XRP) has an early mover’s advantage and a lot of partners on its side. A lot of analysts and investors have questioned in the past how and why banks really need to use XRP in order to benefit from…
Source: Does JPM Coin (JPM) Pose A Serious Threat To Ripple (XRP)?

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