XRP shows great similarity with the first growth cycle of LTC. Comparing the two we see that this would mean XRP has clearly reached the end of its first growth cycle and will now enter a bear market. At least that’s what it looks like right now. This idea will be tested when XRPUSD meets the blue trendline. If we bounce hoorah, otherwise if we fall through it’s doom and gloom for at least 5 months imho. We could see prices drop to 15 cents. Noobs will think this is crazy, but this is Sparta. Again I repeat the test is the trend line should this idea get that far.
Here is a close up comparison. I think they are very similar so far.
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Ripple announce plans for xRapid Solution payment network in China late 2018. If this is true, then could be Q3/Q4 which in my opinion matches with XRP support touchdown.
Steeper trend angle than litecoin, shorter correction period?
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should be ltc 2012 - 2015
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The LTC fractals have been split and moved, but the chronological order has been kept the same. Will need continuous adjustment but target is narrowing down.
its following BTC 2011 crash fractal..confirming your dip around 0.18 $ - 0.20 $
RealMcafee
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@elshanti, Oh yes, it looks very close. 2011 BTC is the model for the 2013 LTC so it would have made sense to look at that first, you're right. To me it looks like bottom for these markets is sometime in Q3.
elshanti
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@barclayjames, exactly its all about adoption and maturity ! first the rise is like a staircase with sharp corners and by time it smoothen into curves and parabolas..I agree alts would still suffer while BTC accumulates and recovers for a new run..
woldon
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Interesting idea, thanks. Should this be the path that Ripple follows in spite of positive developments and progress, what does it imply for the rest of the crypto market, e.g. where woll bitcoin be heading?
RealMcafee
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@woldon, Hi, BTC is going to correct over the coming months. This means bottoming and then accumulation. Alts will winter. Those which are essentially bubbles will go back to bottom, others like ETH, NEO well we have to see, they have a good chance of maintaining some decent gains.