Bitcoin&XRP(Ripple) Analysis/20.02.22-Right perspective

As I've been saying for a week, if there is news about the war and bad news from the fed, the price will be affected a lot.British Prime Minister Johnson said that Russia is preparing for the biggest war in Europe since the Second World War.Look at this....This kind of news will keep the price down.Could this drop in prices be a buying opportunity? It's hard to make money without taking risks.But I think the market needs to stabilize a bit first and without russia's positive statements about the war people will not want to invest in bitcoin.Even the words of war are affecting the global markets very badly. Not only bitcoin but all markets have been badly affected.Please learn to be patient in these critical times.This is the bottom, it may be further down than anywhere you call it.I think it would be best to wait until good news comes from Russia.Of course, everyone should make their own choice, it is not investment advice.Don't forget to follow the trend and be cautious, use stoploss.don't invest with anyone's ideas, get ideas from everyone and apply your own.

The posts on this page are not investment advice .I am not a financial advisor. Just sharing my thoughts.

My motto is Keep things simple.

Follow the Trendlines, not the Headlines.

I will try to show you what I see.We will look at many altcoin analyzes.

Source: https://alternative.me/crypto/fear-and-greed-index/

If we look at the fear and greed index,As you can see, it went up to 44 levels last week.But bad news, bad news...this bad news scares people.market is not looking good right now.


XRP(Ripple)

Market Cap
$37,728,932,105

Currently Price
$0.7861

Although it is not very accurate to look at technical analysis right now, xrp has stood very strong compared to other altcoins.Even if the price breaks below the Fibonacci 0.705 zone 2 times, currently trying to stay above this zone.It is difficult, but if bitcoin moves up, xrp can use this power and make fast rises.


I want to give some information about XRP(Ripple).
What Is XRP?

To begin with, it’s important to understand the difference between XRP, Ripple and RippleNet. XRP is the currency that runs on a digital payment platform called RippleNet, which is on top of a distributed ledger database called XRP Ledger. While RippleNet is run by a company called Ripple, the XRP Ledger is open-source and is not based on blockchain, but rather the previously mentioned distributed ledger database.

The RippleNet payment platform is a real-time gross settlement (RTGS) system that aims to enable instant monetary transactions globally. While XRP is the cryptocurrency native to the XRP Ledger, you can actually use any currency to transact on the platform.

While the idea behind the Ripple payment platform was first voiced in 2004 by Ryan Fugger, it wasn’t until Jed McCaleb and Chris Larson took over the project in 2012 that Ripple began to be built (at the time, it was also called OpenCoin).

How Does XRP Work?

XRP was created by Ripple to be a speedy, less costly and more scalable alternative to both other digital assets and existing monetary payment platforms like SWIFT.

RippleNet’s ledger is maintained by the global XRP Community, with Ripple the company as an active member. The XRP Ledger processes transactions roughly every 3-5 seconds, or whenever independent validator nodes come to a consensus on both the order and validity of XRP transactions — as opposed to proof-of-work mining like Bitcoin (BTC). Anyone can be a Ripple validator, and the list is currently made up of Ripple along with universities, financial institutions and others.

How Do You Store XRP?

You can either store your XRP on an exchange, where the exchange is responsible for the safety of your asset, or store your XRP in a cold or hot wallet.

source: https://coinmarketcap.com/currencies/xrp/



Btw I'm thinking of increasing the analysis of altcoins day by day.

Those were my market comments today, thank you for reading.

See you again soon. I will be here after this.
Respects.