Hi,
it's finally time again for an XRP analysis.
As I correctly pointed out back in early 2019, we won't see any XRP growth in that year.
While many posters kept drawing gigantic arrows towards new heights for XRP, I was calling for an extremely boring year, with a long period of stability, where we would see XRP bouncing between 0.1 and 0.5 USD. These are all just fluctuations. While overly pessimistic people immediately pronounce the death of XRP only because it hits below 20 cents, we can see that XRP
always is doing these long periods of "stability". Stability in the sense of a crypto means only fluctuating by a factor of 3-5 lol.
What is extremely important, is that the monthly bband is getting very narrow, and at the same time the monthly stoch RSI has been extremely oversold since 2 years now ! It is only a matter of time when XRP will start rising.
Now if we look at the past peaks, we see that in late 2013, XRP hit 5 cents ATH, the data is from coinmarketcap. The next big peak was in late 2017 at 3.5 USD, so almost x100. Another x100 is unlikely, but connecting the two peaks would yield a target of 50 USD for the coming big XRP rally.
XRP will only start pumping when BTC has reached the old ATH at 20k. Very unlikely that it will start before that.
I see again two pumps happening as in 2017, culminating in the target of 50 USD which we'll hit sometime in 2021, when BTC reaches its ATH, or during that time plusminus a few weeks.
This is my current view on XRP, and it didn't change in one whole year, see here as proof:
By the way, I also correctly called the second XRP rally in early 2018, which for me personally was a life-changing event:
Hodling XRP is really hard and requires a brutal amount of patience and discipline.
But in the end, XRP hodlers normally are rewarded the most. Patience and discipline my friends :)
it's finally time again for an XRP analysis.
As I correctly pointed out back in early 2019, we won't see any XRP growth in that year.
While many posters kept drawing gigantic arrows towards new heights for XRP, I was calling for an extremely boring year, with a long period of stability, where we would see XRP bouncing between 0.1 and 0.5 USD. These are all just fluctuations. While overly pessimistic people immediately pronounce the death of XRP only because it hits below 20 cents, we can see that XRP
always is doing these long periods of "stability". Stability in the sense of a crypto means only fluctuating by a factor of 3-5 lol.
What is extremely important, is that the monthly bband is getting very narrow, and at the same time the monthly stoch RSI has been extremely oversold since 2 years now ! It is only a matter of time when XRP will start rising.
Now if we look at the past peaks, we see that in late 2013, XRP hit 5 cents ATH, the data is from coinmarketcap. The next big peak was in late 2017 at 3.5 USD, so almost x100. Another x100 is unlikely, but connecting the two peaks would yield a target of 50 USD for the coming big XRP rally.
XRP will only start pumping when BTC has reached the old ATH at 20k. Very unlikely that it will start before that.
I see again two pumps happening as in 2017, culminating in the target of 50 USD which we'll hit sometime in 2021, when BTC reaches its ATH, or during that time plusminus a few weeks.
This is my current view on XRP, and it didn't change in one whole year, see here as proof:
By the way, I also correctly called the second XRP rally in early 2018, which for me personally was a life-changing event:
Hodling XRP is really hard and requires a brutal amount of patience and discipline.
But in the end, XRP hodlers normally are rewarded the most. Patience and discipline my friends :)
I see two possible paths, should we really break resistance now:
A move to the upper monthly bband then fall, then the big pump.
Or this here being a smaller pump, then fall, then the big pump.
In both cases I expect the big pump towards the end of the year. This is my current view.