Stochastic RSI on monthly chart is highly oversold, and the price has reached a level that is parrallel to the last two highest peaks. if history repeats, then we may be set for a major upward movement.
Another bullshit graph. Someone illusive could only predict this. Overall market cantgo beyond 100 trillion.
VagaFx
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@salman80, Market cap does not equate to the exact amount of money invested in the market, the actual amount is actually far less, so your point is invalid. Also The international forex market xrp is trying to take over from swift certainly has the capacity to make xrp a triple digit figure. Why are you on trading view if you have a negative bias against TA lmao!
salman80
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@Suchtaste, don't take it personally. let us assume you're correct which means the XRP price could go to 100USD. Now look closely at the calculations prior to any goofing around with TA!
current XRP circulation = 43,285,660,917 X 100USD = 4,328,566,091,700USD!!! Current OVERALL MARKETCAP for all crypto currencies is 197,000,000,000USD!!!
Isn't your TA just a childish exposure or still do you want to defend your novice TA?
VagaFx
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@salman80, As commonly known, market cap does not equate to the physical amount of money invested in the market as there are many multipliers, the actual amount is significantly less even 90% less. With the confidence shown in your comment, it is unusual that you do not know this. It is novice TA as it is a basic trend channel that anyone including yourself can draw. Which price historically forms in every market in the world.
VagaFx
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@Suchtaste, Also a massive amount of money within crypto is invexsted within tether, and what happens when countries convert fiat money into crypto currency which will inevitably happen. Again, your comment is seriously ignorant and short sighted lmao.