Hello wherever you are I hope you are doing well this is my analysis on xrp I like it.
If you look at the last market cycle you can clearly see an ABCD E triangle after that triangle was complete we broke out in a massive way and right now if you look at the current price structure it actually looks very similar we are creating a potential triangle which means if history is any indication and we were continuing to play this out we should expect a retracement in the not too distant future which means we can either dip a little bit more or continue our retracement back to the update And all the other coins also need a retracement the retracement once that occurs we should see one more final dip and then consolidation and then blast off this could take over a year to transpire.. Remember this is not financial advice this is just 1 man's opinion I could be totally dead wrong.. Tell me in the comments section what do you think of this idea. I do have to mention that XRP is one of my favorite assets although it could be quite boring at times but that is the time to be really paying attention. Don't give up on the best If you're here you probably are holding if you're holding you probably need to hold longer you've got Far don't give up now. Cheers from CALIFORNIA..
On the macro level I am long but in the short to medium term it is pretty hard to predict but if you look at how much we fell it seems to me that the selling pressure is becoming exhausted so the risk to reward on the long side is much more than the short side and for that reason I am picking the long. Most people are expecting Bitcoin to crush below the low and head down to 10 to 14K and I agree with that but I don't think it's going to happen now I think we need to retrace and then get everybody bullish grab the liquidity and then bring it down. When we come down I don't think xrp will make a new low I think the coins that broke their all-time high will. Remember xrp is significantly cheaper on the Fibonacci level then most of the coins in the top 20 because xrp has not broken above it's all time high and that to me just furthers my belief in my investment because of the low risk High reward potential I believe the triangle pattern will play out or some extent to that and I also believe Bitcoin will fall below it's low of 17 and a half k and fall between 10 and 14k sometime late this year or next year once that occurs we should see a bunch of consolidation and chop and then a sharp reversal into a new Bull Run I think Bitcoin can hit 100K sometime in 2025 and xrp hit Beyond $5 sometime in 2024. If things change I will come back and update but as of now I am extremely bullish on my position it just takes time to mature and we could also have some more downside just always remember to do your own research and to dollar cost average. Dollar cost averaging is key because we don't know exactly where the bottom will be.
If you made it this far on the read and you find it somewhat useful please considering liking or commenting. I've been Trading for over 5 years but I've never really bothered to upload or share my ideas but since I am more confident in my trades I am considering to upload more often and hopes to help share my experiences or My Views for purely educational reasons.
If you find out that the Target is out of this world just remember xrp is in a very aggressive explosive asset not to mention it's under a lawsuit and they are actually winning the lawsuit it will take time but eventually it will be all over with and once it's out and there is regulatory Clarity and people understand what they're getting into and how to navigate the regulation world the big institutions will start pouring in and xrp in my opinion is going to be the one in the clear as I believe they wanted this lawsuit to happen because it's the only way to fight and to get what they want which is clarity while the other coins still have yet to go through the process this court case will be extremely crucial to xrp and all the other coins and once it occurs in my opinion you're going to see a massive explosion like never before not to mention exchanges relisting.
If you look at the last market cycle you can clearly see an ABCD E triangle after that triangle was complete we broke out in a massive way and right now if you look at the current price structure it actually looks very similar we are creating a potential triangle which means if history is any indication and we were continuing to play this out we should expect a retracement in the not too distant future which means we can either dip a little bit more or continue our retracement back to the update And all the other coins also need a retracement the retracement once that occurs we should see one more final dip and then consolidation and then blast off this could take over a year to transpire.. Remember this is not financial advice this is just 1 man's opinion I could be totally dead wrong.. Tell me in the comments section what do you think of this idea. I do have to mention that XRP is one of my favorite assets although it could be quite boring at times but that is the time to be really paying attention. Don't give up on the best If you're here you probably are holding if you're holding you probably need to hold longer you've got Far don't give up now. Cheers from CALIFORNIA..
On the macro level I am long but in the short to medium term it is pretty hard to predict but if you look at how much we fell it seems to me that the selling pressure is becoming exhausted so the risk to reward on the long side is much more than the short side and for that reason I am picking the long. Most people are expecting Bitcoin to crush below the low and head down to 10 to 14K and I agree with that but I don't think it's going to happen now I think we need to retrace and then get everybody bullish grab the liquidity and then bring it down. When we come down I don't think xrp will make a new low I think the coins that broke their all-time high will. Remember xrp is significantly cheaper on the Fibonacci level then most of the coins in the top 20 because xrp has not broken above it's all time high and that to me just furthers my belief in my investment because of the low risk High reward potential I believe the triangle pattern will play out or some extent to that and I also believe Bitcoin will fall below it's low of 17 and a half k and fall between 10 and 14k sometime late this year or next year once that occurs we should see a bunch of consolidation and chop and then a sharp reversal into a new Bull Run I think Bitcoin can hit 100K sometime in 2025 and xrp hit Beyond $5 sometime in 2024. If things change I will come back and update but as of now I am extremely bullish on my position it just takes time to mature and we could also have some more downside just always remember to do your own research and to dollar cost average. Dollar cost averaging is key because we don't know exactly where the bottom will be.
If you made it this far on the read and you find it somewhat useful please considering liking or commenting. I've been Trading for over 5 years but I've never really bothered to upload or share my ideas but since I am more confident in my trades I am considering to upload more often and hopes to help share my experiences or My Views for purely educational reasons.
If you find out that the Target is out of this world just remember xrp is in a very aggressive explosive asset not to mention it's under a lawsuit and they are actually winning the lawsuit it will take time but eventually it will be all over with and once it's out and there is regulatory Clarity and people understand what they're getting into and how to navigate the regulation world the big institutions will start pouring in and xrp in my opinion is going to be the one in the clear as I believe they wanted this lawsuit to happen because it's the only way to fight and to get what they want which is clarity while the other coins still have yet to go through the process this court case will be extremely crucial to xrp and all the other coins and once it occurs in my opinion you're going to see a massive explosion like never before not to mention exchanges relisting.