John Deaton on August 5th, 2023.
"But until #Bitcoin breaks it’s ATH, I don’t expect anything else to."
If you are in the "XRP Community" and don't love John just on the backs of his legal contribution, something is wrong.
For now, I am fading John on the above and as in 2017. XRP makes its New High first.
We must remember that XRP has arrived especially now since the spot on Judge Torres decision. Arrived in the sense that XRP's huge liquidity and ability to borrow through OTC channels creates a very deep ability to be short XRP versus ETH.
This dynamic of liquidity will go through a phase change as XRP goes up in price and being short XRP versus ETH will become difficult to maintain. There will be a snap.
I continue to feel that this snap will occur in September when the European side gets back from Holiday. There will be a lot on the fall plate from a liquidity standpoint. The LIBOR to SOFR transition in OTC Swaps (under ISDA Agreements) will be screaming for a liquidity evolution.
XRP will rise to the occasion as a non-security tool used by companies like @Ripple and @XRPayNet and many others (common enterprise my ass) to lead the evolution.
Note the large scale weekly pennants (I know ..to all the TA folks ...weekly pennant ... give me a break...well I like giving them credence). They are almost 85% through.
Keep your stash nurtured. Get ready to light it up come September.
New high in XRP before New High in BTC by a few weeks.
Love you John Deaton. You are the man.
"But until #Bitcoin breaks it’s ATH, I don’t expect anything else to."
If you are in the "XRP Community" and don't love John just on the backs of his legal contribution, something is wrong.
For now, I am fading John on the above and as in 2017. XRP makes its New High first.
We must remember that XRP has arrived especially now since the spot on Judge Torres decision. Arrived in the sense that XRP's huge liquidity and ability to borrow through OTC channels creates a very deep ability to be short XRP versus ETH.
This dynamic of liquidity will go through a phase change as XRP goes up in price and being short XRP versus ETH will become difficult to maintain. There will be a snap.
I continue to feel that this snap will occur in September when the European side gets back from Holiday. There will be a lot on the fall plate from a liquidity standpoint. The LIBOR to SOFR transition in OTC Swaps (under ISDA Agreements) will be screaming for a liquidity evolution.
XRP will rise to the occasion as a non-security tool used by companies like @Ripple and @XRPayNet and many others (common enterprise my ass) to lead the evolution.
Note the large scale weekly pennants (I know ..to all the TA folks ...weekly pennant ... give me a break...well I like giving them credence). They are almost 85% through.
Keep your stash nurtured. Get ready to light it up come September.
New high in XRP before New High in BTC by a few weeks.
Love you John Deaton. You are the man.