XRP looks to be forming one huge expanding diagonal for the entire bullrun. It is common for the 5th wave of an expanding diagonal to be truncated. I show target prices of $8.8 to $13.8 for this scenario. I would point out, to be valid the 5th wave must be greater than the 3rd wave for a valid expanding diagonal, which occurs at a price of $2.4 Another possible scenario, is XRP does a throwover, which means going past the line. This would fit with a target price of $27. **How am I getting these price targets?** **XRP linear fibonacci** On this chart, I show that a 4.236 fibonacci gives a price target of $13.8 . And I show price targets, by playing around with the fractals of 2017. Low end is $8.8. **XRP logarithmic fibonacci** I threw a channel over the entire history of XRP. Notice that $13.8 hits the median line of the channel. I found that interesting. On this chart, I show the logarithmic fibonacci values of 2017. It seems obvious to me, that in 2017, the logarithmic fibonacci was a great match. So in 2022, a 1.618 logarithmic fibonacci would give $27. As I said, a throwover of the expanding diagonal could get you there. But who knows.
Makes more sense than most I have seen, nice work.
geekpe
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lol
TWIMARKETCAP
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@gz1968 100.000.000.000 XRP multiplied by your target of $27, it will make XRP market cap 3 times of what is BTC is today.
gz1968
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@TWIMARKETCAP, I'm more of a $8.8 to $13.8 target price guy. I can't speak on market cap analysis. I'm weak on that. I can say, Bitcoin Dominance (BTC.d) dropped to 35% for the 2017-18 bullrun. I see it dropping lower this bullrun. Where would you pour BTC profits if you had millions and saw the pitiful ROI left in BTC with yummy altcoins ROI? A coin with high liquidity to get in and out easily before the altcoin top? And wanted a coin, that had underperformed relative to others and with high potential for the end? XRP is a candidate for such players.