New XRP BULL cycle has begun. Fractal pointing at 300$ Log scale
Hi All,
In this sceario Ripple is definitely going to rule all the international transactions worldwide. Pretty ambitious... but in the crypto space impossible is nothing!
In the previous XRP price explosion (Feb'17 to Jan'18) we went from a valuation of 0.0045$ up to 3.5318$ ! A staggering increase of 78 000 % in less than 11 months!
If we go a little bit further back in time we would see that in Sep'14 the price of XRP touched our mega-trendline (dotted green line) at 0.0005$ and within the next 3 months it exploded to 0.0310$ an enormous 5 500 % increse. Obviously at that stage the crypto world was pretty much unknown by the wide audience ;) Social blockchain awareness and adoption were none. This time will be totally different!
From a technical perspective on the logarithmic scale we can see a beautiful fractal repeating. From the high in Dec'14 until the beginning of the next BULL PUMP that started in Feb'17 we had around 800 days of laborious consolidation.
Now the pattern seems to repeat itself. After around 800 days we touched the dotted mega-trendline and now we are dinamically bouncing off it - this marks the beginning of a new BULL market.
This move is supported by an RSI and Stochastic reversal. What is more just after the bounce we had a not perfect (but still) 3 white soldiers candlestick pattern which is considered as one of the most potent bullish signals, especially when it occurs after an extended downtrend.
So why 300$ ?
First of all we have to zoom into the last 2 BULL cicles and notice that in both cases the bullish impulse was formed by a 5 wave Elliot pattern.
The peak of each bullish wave during the 2017 BULL pump landed almost exactly at the Fibonacci extension levels (2, 13, 89) established by the previous bullish pump. What is more those extensions are even more meaningful (in my humble opinion) cause they reflect the original Fibonacci sequence.
Fibonacci numbers:
0 1 1 (2) 3 5 8 (13) 21 34 55 (89)
This to me is a perfect synchronicity. A perfect fractal. The extension lands on every 4th Fibonacci number. Obvoiusly this may be just a coincidence... anyway I like my odds ;)
My entry level is 0.20 $
My take profit will be somewhere during the 5th wave of the upcoming BULL market. Wherever it will be.
Fundaments.
"Ripple is the connector between, banks, corporations and markets in relation to global money transfers. This advanced platform is based on the idea of quick, international transfer of funds. It is transactional network, based on blockchain technology, with its own cryptocurrency- XRP. Although Ripple (XRP) is something more that only cryptocurrency, many people forget about it (the platform and the network), keeping only XRP cryptocurrency in mind.
XRP itself is currently the third cryptocurrency of the world. It stands behind Bitcoin and Ethereum. Although the ranking of top 10 cryptocurrencies constantly changes, XRP, since its creation, has been holding top positions. And why is that? It's because Ripple is supported by banks. Great capital, great amounts of money and great possibilities. And those were banks, payment providers and digital asset exchanges process and provide liquidity for payments on RippleNet, creating new, competitive cross-border payments services for their customers.
If you were to ask what banks and what payment providers, you can find the official list of partners on Ripple's website (at the moment, over 90 banks from all around the world use the services of Ripple network), and the following are only few of them: Santander Bank, UniCredit, UBS, CIMB Bank, MUFG Bank, TransferGo, MoneyGram, SEB, FTCS and TranspayGo." - Foxhunter, publish0x.com
MARKET CAP!!!
Yeah I already here all the lamentation regarding such a price level that will cause Ripple Market Cap to reach 13 trillio $...
Well in a world of infinite money printing this number is not that abstract. Global central banks during the recent weeks printed 3-4 trillion $... they are not gonna stop!
The modern financial system is unsustainable. It is incapable of creating wealth without flooding the market with an even higher factor of debt.
This system is falling apart in front of our eyes. It will be a fall on the ruins of which a new monetary order will evolve.
Global stock market value: 100 trillions
Global bond market value: 250 trillions
Notional amounts of OTC derivatives: 600 trillions (15 trillions in gross terms)
Investible commercial real-estates: 100 trillions
Amount of cash deposits: ?
This is to illustrate that there is already enough currency "out there" that can be parked into the crypto market. And central banks printing presses keeps... printing ;)
So yes! I think 300$ per XRP can be reached in the next few years although it's purchasing power won't be as today's 300$ obviously.
In this sceario Ripple is definitely going to rule all the international transactions worldwide. Pretty ambitious... but in the crypto space impossible is nothing!
In the previous XRP price explosion (Feb'17 to Jan'18) we went from a valuation of 0.0045$ up to 3.5318$ ! A staggering increase of 78 000 % in less than 11 months!
If we go a little bit further back in time we would see that in Sep'14 the price of XRP touched our mega-trendline (dotted green line) at 0.0005$ and within the next 3 months it exploded to 0.0310$ an enormous 5 500 % increse. Obviously at that stage the crypto world was pretty much unknown by the wide audience ;) Social blockchain awareness and adoption were none. This time will be totally different!
From a technical perspective on the logarithmic scale we can see a beautiful fractal repeating. From the high in Dec'14 until the beginning of the next BULL PUMP that started in Feb'17 we had around 800 days of laborious consolidation.
Now the pattern seems to repeat itself. After around 800 days we touched the dotted mega-trendline and now we are dinamically bouncing off it - this marks the beginning of a new BULL market.
This move is supported by an RSI and Stochastic reversal. What is more just after the bounce we had a not perfect (but still) 3 white soldiers candlestick pattern which is considered as one of the most potent bullish signals, especially when it occurs after an extended downtrend.
So why 300$ ?
First of all we have to zoom into the last 2 BULL cicles and notice that in both cases the bullish impulse was formed by a 5 wave Elliot pattern.
The peak of each bullish wave during the 2017 BULL pump landed almost exactly at the Fibonacci extension levels (2, 13, 89) established by the previous bullish pump. What is more those extensions are even more meaningful (in my humble opinion) cause they reflect the original Fibonacci sequence.
Fibonacci numbers:
0 1 1 (2) 3 5 8 (13) 21 34 55 (89)
This to me is a perfect synchronicity. A perfect fractal. The extension lands on every 4th Fibonacci number. Obvoiusly this may be just a coincidence... anyway I like my odds ;)
My entry level is 0.20 $
My take profit will be somewhere during the 5th wave of the upcoming BULL market. Wherever it will be.
Fundaments.
"Ripple is the connector between, banks, corporations and markets in relation to global money transfers. This advanced platform is based on the idea of quick, international transfer of funds. It is transactional network, based on blockchain technology, with its own cryptocurrency- XRP. Although Ripple (XRP) is something more that only cryptocurrency, many people forget about it (the platform and the network), keeping only XRP cryptocurrency in mind.
XRP itself is currently the third cryptocurrency of the world. It stands behind Bitcoin and Ethereum. Although the ranking of top 10 cryptocurrencies constantly changes, XRP, since its creation, has been holding top positions. And why is that? It's because Ripple is supported by banks. Great capital, great amounts of money and great possibilities. And those were banks, payment providers and digital asset exchanges process and provide liquidity for payments on RippleNet, creating new, competitive cross-border payments services for their customers.
If you were to ask what banks and what payment providers, you can find the official list of partners on Ripple's website (at the moment, over 90 banks from all around the world use the services of Ripple network), and the following are only few of them: Santander Bank, UniCredit, UBS, CIMB Bank, MUFG Bank, TransferGo, MoneyGram, SEB, FTCS and TranspayGo." - Foxhunter, publish0x.com
MARKET CAP!!!
Yeah I already here all the lamentation regarding such a price level that will cause Ripple Market Cap to reach 13 trillio $...
Well in a world of infinite money printing this number is not that abstract. Global central banks during the recent weeks printed 3-4 trillion $... they are not gonna stop!
The modern financial system is unsustainable. It is incapable of creating wealth without flooding the market with an even higher factor of debt.
This system is falling apart in front of our eyes. It will be a fall on the ruins of which a new monetary order will evolve.
Global stock market value: 100 trillions
Global bond market value: 250 trillions
Notional amounts of OTC derivatives: 600 trillions (15 trillions in gross terms)
Investible commercial real-estates: 100 trillions
Amount of cash deposits: ?
This is to illustrate that there is already enough currency "out there" that can be parked into the crypto market. And central banks printing presses keeps... printing ;)
So yes! I think 300$ per XRP can be reached in the next few years although it's purchasing power won't be as today's 300$ obviously.
