#XRP just won its SEC case (fundamental catalyst), lots more fundamental catalysts going for it in regards to ISO, dollar collapse, etc.
Technicals are bullish AF, price is fractal - has basically carried out its 2014-2016 bear market fractal at a slightly slower pace (from 2018-2023). Breaking out of accumulation range, let's see if it can break the next diagonal and establish higher highs/higher lows. Fib extension target at ~$22 looks juicy.
It will run, and it will run big IMO, I caught CRYPTOCAP:XRP after its 1st consolidation in 2017, was one of my biggest gainers, expecting big things again.
Great Anaylsis. I have a theory that once XRP gets to the high dollars 5, 10, 20, etc. most charts predict big retracements according to Elliot waves. I don't think this asset will retrace as much as people believe, maybe 33% but 50% and greater I think is unlikely. What are your thoughts?
CryptoCurb
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@IronPrice112, thank you brotha! until proven otherwise, all assets in crypto have at least 88% bear market retracements (give or take 10%ish). i'm bullish on XRP but also will not be caught bagholding after it peaks
IronPrice112
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@CryptoCurb I agree. Never bagholding. But the more I think about institutions being involved, it's hard for me to see the big initial swings. Even this current 90% pump only retraced 50% of the pump? .46 to .92 then .68? I'm wondering if that will be the norm for the first year after the court ruling.
CryptoMonstersOfficial
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Appreciate it but this is early to be said mate Wait for SEC to be ruled out 🤘😎
CryptoCurb
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@CryptoRibai, will see man! i think the SEC is toast, will only get more bullish XRP as the SEC keeps overstepping their boundaries. but i appreciate the insight, best of luck!