Dojiman_

XRP Entering its final stage?

XRP has been in its current consolidation pattern since may 2017. It will hit bottom green trend line sometime in the beginning of 2023. Which coincidently fits in to the SEC settlement date range many analysts predict. You can see that in 2017 when price hit this line that the price exploded passing the 1.618 fib and them coming back to retest the .786 fib before moving higher. That would also coincidently put XRP breaking its all time high price and reaching somewhere around $4.50 then dumping back to around $1.65 retesting the .786 fib before continuing further. Will it happen again? Only time will tell.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.