Failure caused by insufficient cognition comes from information gaps, which is essentially due to disconnection between circles. It is important to embrace a professional circle, which will allow you to take off and turn around quickly.

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1. What is XRP?

Ripple is based on a distributed ledger database. Although Ripple is operated by Ripple, the Ripple ledger is open source and does not use blockchain technology. Instead, it is based on the distributed ledger database mentioned above. The Ripple payment platform is a real-time gross settlement (RTGS) system designed to enable instant currency transactions around the world. You can think of it as the settlement system for the US dollar.

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2. Why will XRP rise?

First of all, from the news, Ripple officials recently launched an extensive performance test of XLS-30, which has now been completed. XLS-30 is a revision proposed as part of the rippled 1.12.0 upgrade. If adopted, it will bring automatic exchange, trading and liquidity configuration capabilities to XRPLedger.

Secondly, from the technical indicators, we can see that from April to July this year, the entire XRP entered a Fibonacci channel and has been in a low volume state. In fact, the market maker is accumulating funds. Then we can see whether it has followed the same channel trend since August. It also conforms to the theoretical basis of Lao Lin's syllogism.

Furthermore, Ripple will co-host a related cooperation summit with Mekota in Hong Kong at the end of this month.

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3. How do we eat meat?

According to Lao Lin’s syllogism, I judge that the price will drop once more during the accumulation phase of the box, and the approximate position will be around 0.41. Therefore, friends should pay close attention to the position of Ripple, communicate specific data information to Lao Lin in a timely manner, and arrange in time according to the plan!

Lin Muyang crypto:

A returnee from the UK with a master's degree in economics, he is proficient in C++, C#, Go, Java, Javascript and other blockchain technologies. He focuses on data analysis of the primary and secondary markets and macroeconomic trend analysis. He has developed his own "three-part theory" and verified its reliability through multiple market conditions. Follow Lao Lin to get the latest information.