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XRP: I would rather own Bitcoin, Bitcoin Cash and other cryptos than XRP, says Peter Brandt

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XRP: Prominent trader says that he would rather own Bitcoin, Bitcoin Cash and other cryptos than XRP
Source: Pixabay

Peter Brandt, a popular trader and the author of ‘Diary of a Professional Trader,’ tweeted about how he would rather own Bitcoin [BTC], Bitcoin Cash [BCH], Monero [XMR] and Litecoin [LTC], than XRP due to manipulators.

He tweeted,

“$XRP – the manipulators have successfully defended crucial support levels. But with my $$ I would much rather own $BTC, $BCH and $XMR Though $LTC is the real winner among macro caps”

Peter Brandt has been known to take the XRP community head-on, with his opinions about how XRP price is allegedly being manipulated to hold at certain support levels. He further explained that if the manipulated support failed, there would be mass panic as the price of XRP would collapse.

Brandt’s technical analysis showed the price of XRP getting stuck in a massive descending triangle, which usually results in a bearish breakout as per its definition. Descending triangles are formed after an uptrend reaches its peak and the price starts falling.

Additionally, Brandt’s tweets received a lot of heat from the XRP community as they disagreed with his opinions. Although XRP has moved from long-standing support post the recent rally, Brandt still believes that manipulators are controlling the support.

A Twitter user @mrlevelup commented,



“Can we get some love ❤️ from you? When are you coming to our family? You know we got the best family in crypto right? Come on Peter, let us create a banner for you brother”

To this, Brandt replied,

“I have no problem with classic manipulation. I was just calling the chart for what it was based on classical principles. Read Schabacker. Patterns are the footprints manipulators”

The FUD surrounding XRP has been around since its inception. Adding more fuel to this fire is SEC’s vague regulatory clarification of the cryptocurrency. However, many in the crypto community, including Binance’s CZ, believe that XRP is not a security.





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Akash is your usual Mechie with an unusual interest in cryptos and day trading, ergo, a full-time journalist at AMBCrypto. Holds XRP due to peer pressure but otherwise found day trading with what little capital that he owns.

XRP

XRP transactions now available on pilot Automated Teller Machines [ATM] in New Jersey

Akash Anand

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XRP transactions now available on pilot Automated Teller Machines [ATM] in New Jersey
Source: Pixabay

The convenience of transferring cryptocurrencies has been a foundation upon which several exchanges have built their updates. With the inception of cryptocurrency ATMs, users have claimed that the service makes it easier and faster to conduct cryptocurrency transactions.

In a video uploaded by CryptoMedia News Desk, a user was seen using a cryptocurrency ATM to purchase XRP. According to the tweet, the ATM was from BelcoBTM, which was located in New Jersey. The user used the machine to transfer XRP to a TrustWallet wallet.  The organization also tweeted, saying:

“Fees are a little high but still #XRP in an ATM is a gamechanger, glad to be from the first users of this service. #xrpcommunity #xrparmy #xrpthestandard #xrpthebase”

The video shows the user selecting XRP as the option on the machine, after which he is asked to enter the phone number for a One Time Password. After clearing the OTP stage, the user scans a QR code on the Trust Wallet app to verify the machine and the required XRP is then bought using a normal debit card.



Many people from the XRP community have lauded the move, with some calling it the stepping stone towards mass adoption. Misty Sins, an XRP enthusiast commented:

“That’s great! Thanks for sharing. I cant wait to see XRP listed on the Crypto ATM’s here in Vegas.”

Cryptocurrency ATMs have existed for some time now. It was recently revealed that Bitcoin Lightning Network payments could be possible via Bitcoin ATMs. The transaction was conducted by Felix Weis, a developer and a researcher, who, after the transaction, commented:

“Just a proof of concept ‘top up your existing channel’. Lots of bugs but two different mobile wallets worked fine.”





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