____________________________________________________________________________________________________________________________________________ Hello. Today i want to share with you an important and interesting observation which i made with XRPUSD. We are looking on the weekly-time frime. As the cryptocurrency market consolidates and BTCUSD provides some possible bullish break-out signals, Ripple is an important coin to look at. ____________________________________________________________________________________________________________________________________________ As you can see on my chart, there is an pattern which exactly repeats.There is a reason why XRP is the third biggest cryptocurrency after bitcoin and ether- eum. It has an longer history in the cryptocurrency market backing from a time where the mass of crpytocurrencys existing today wasnt there. As XRPUSD provided two growth phases in which it gained 5544 % in the first and astonishing 94870 % in the second, the same pattern is repeating right now. ____________________________________________________________________________________________________________________________________________ After the first growth phase XRPUSD had an corrective phase where smart investors took profit and XRP dropped down, you can see the take-profit phase marked with the red box in my chart. Then it took a long accumulation phase where smart money accumulated before public money to launch the rocket to moon. This provided the second growth phase which you can see in my chart. The pattern provided the last months is nearly the same, the take-profit phase with an ABC-correction an the accumulation. ____________________________________________________________________________________________________________________________________________ XRPUSD is an good coin with lots of support from banks and goverments which implementing and integrating the coin, also it held the market-cap and price stady above the 0.24 support, it bounced several times in this price level as smart-money is accumulating, exactly the same pattern repeating seen before. ____________________________________________________________________________________________________________________________________________ Thanks for watching! May all luck and happiness come to you! For more market insight feel free to support! The information provided is for educational purposes only and should not be used to take action in markets. ____________________________________________________________________________________________________________________________________________
@gastpa, - Blind optimism. No rhyme or reason for it to jump that much, but, $20.. just because it can. With that mindset, I believe Ripple can go to $2,000,000
Poukitoun
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@gastpa, yup, and even more in the coming years :) XRP is the IMF coin, just have a look with whom Garlinhouse has often meetings with (Chair of federal reserve of China and USA)
otternose
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@Poukitoun, that is exactly the reason for it will not go that high ;-)
WGauger
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@Poukitoun, $20 itself seems pretty high too but this is crypto and you can expect the unexpected!
ohumblemrt
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@WGauger, people keep posting moon charts of $100+ XRP, but in reality even at $20, the market cap would be $860 billion (4x bitcoin) .. I'm guessing they just see the low $0.25 price and ignore the supply of the coin.
Something massive would have to happen for this to go on a run like that. IMO the only thing that would drive a price above even the ATH would be massive adoption worldwide and that's now happening in the next few months.