Here we are looking a patterns together with historical analysis to see if we can 'estimate' the next cycle for XRP bull run. From what we see on the chart we are roughly 75% into the final of 6 patterns which does signal that a cycle change will happen shortly within next few weeks or month.
Strictly comparing previous cycles which lasted 805-811 days to today's cycle we will see that we should start seeing cycle change around March 16/21
Although many arguments that will follow will most likely state that cycles in crypto do not matter and do not correlate, I would disagree because over last several years we have observed cycles repeat exactly 1 to 1 for many ALTS including Bitcoin.
We also have financial institutions ramping up 'crypto' rhetoric lately with regulators starting to look much closer at crypto and what it can be used for in the new digital world. Two years ago you really had to dig deep to find any political figure or banker say anything 'positive' about cryptocurrencies where as today, nearly on weekly basis we have new statements coming out fresh off the press.
I’m also keen on pointing out that back from 2014 towards early 2017 we’ve observed similar pattern where we had an exceptionally long support line and accumulation followed by over 80,000% uptrend from support line, which again, nearly everyone said could not be possible and would never happen. Separate yourselves from the herd of sheep and persevere.
Finally in order to visualize it a bit better and understand the need for higher value per XRP, think about it this way…
Price per XRP as of time that I’m making this chart is $0.28
In order for a financial institution to transact $1,000,000 today, it would need to free up and have 3,571,428 XRP available just for that one transaction
At 1/XRP that same institution would need 1,000,000 XRP
At 10/XRP that same institution would need 100,000 XRP
At 100/XRP that same institution would need 10,000 XRP
At 1000/XRP that same institution would need 1,000 XRP
And that’s just the payments side we’re talking about, if you’d knew what was on the horizon, you’d be truly shocked and pleasantly surprised!
Haha.. the delusion is insane. He said this when it was $0.31, with the SAME style chart and then XRP quickly went to $0.17
DrRedso
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You’re almost as bad a crypthwk
duke3d
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Crack must be very cheap in your country.
ThumbSkin
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Looking back at this fools 400 failed long calls. Damn I miss this guy, he was definitely the laughing stock of TV
BDG
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"In order for a financial institution to transact $1,000,000 today, it would need to free up and have 3,571,428 XRP available just for that one transaction"
Actually they don't need to use XRP at all on RippleNet. Banks can transmit anything they like on RippleNet including cash, gold, bonds etc.. Why would they want to take the extra time and expense to convert it to XRP? Unless you already have XRP, converting to XRP in a transaction makes as much sense as putting air conditioning on a motorcycle. The only thing boosting XRP price is hype. Its use case is more limited than people think.
GetRektBuddy
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@BDG, Umm, maybe real time settlement? None of those things can be sent around the globe instantly.