I believe the settlement will be wrapped up in July 2024. Price is determined in a manner similar to a TV guide; it's booked years in advance. There is no organic price movement, and if someone makes a change in price from a large purchase or sell-off, the algorithm that controls these markets will make the necessary adjustments to keep the price on schedule, to which it's programmed to deliver. This is also why any price pump that occurs is accompanied by a reasonable excuse, like the BlackRock ETF, which was not real, but excuses will be made to protect the fact that the price is not organic and is being delivered by an algorithm that operates on a schedule. The random pumps we see XRP having appear to be more of a method of delaying price to keep XRP on schedule by Pumping price upwards and delivering price slowly downward to buy time to rebalance the algo so that it gets back on schedule. Whoever controls these markets knows exactly when the pumps will occur.
We have some things to look out for.
1. Santa Rally near Christmas, $1-2.
2. If no rally in 2023, then look for our pre-settlement pump in mid-March 2024 to mid-April 2024. This is the window I'd look for some significant movement.
3. XRP is experiencing a flywheel effect, gaining speed faster and faster. We can see this when we observe how XRP reacts to BTC halving events. This most recent halving event is why I made the green box only a 4-month pump window, because with each halving, the price increases in the speed it's being delivered by the algorithm.
Once the direction is set, there will not be opportunities to just 'sell off and get back in' at a low price. It simply won't happen. Too much utility is being implemented, and fundamentals have been built up during this lawsuit period. When XRP has clarity, it needs to be a high price for XRP to operate efficiently, so when the floodgates open, it will be a clean shot upward.
We have some things to look out for.
1. Santa Rally near Christmas, $1-2.
2. If no rally in 2023, then look for our pre-settlement pump in mid-March 2024 to mid-April 2024. This is the window I'd look for some significant movement.
3. XRP is experiencing a flywheel effect, gaining speed faster and faster. We can see this when we observe how XRP reacts to BTC halving events. This most recent halving event is why I made the green box only a 4-month pump window, because with each halving, the price increases in the speed it's being delivered by the algorithm.
Once the direction is set, there will not be opportunities to just 'sell off and get back in' at a low price. It simply won't happen. Too much utility is being implemented, and fundamentals have been built up during this lawsuit period. When XRP has clarity, it needs to be a high price for XRP to operate efficiently, so when the floodgates open, it will be a clean shot upward.
Comment:
Judge Torres says things should be wrapped up with the XRP lawsuit by July 2024 but what if all the closed meeting at the SEC are related to XRP and we see settlement early...say 3rd week of December 2023...Just something to take note of and look out for.