CryptoManiac101
Long

MAJOR XRP Breakout Just Days, Weeks Away? - CryptoManiac101

POLONIEX:XRPUSD   XRP / U.S. Dollar
XRP / USD TA

Let’s dive into it, before it’s too late!

We are currently sitting on 744+ Strong support line in form of a trend line seen below.

Why is this support significant?

Mostly because of the immense accumulation that we have been observing over last 2 Years. Even though to some it won’t appear as accumulation during the times we had run ups from $0.20 to $2.50 and above, on the grander scale it will soon appear as just a minor uptrend.

Let’s quickly get back to XRP / USD chart again, but this time also take a look at accumulation period from 2014–2017


As seen here, we are observing near exact movement as was seen back in 2014–2017 pre major bull run-up. What are the similarities? We have similar ‘accumulation’ movement making newer Higher Lows, we have a long term trend line which is active as a very strong support for both patterns, we also see similar formation of ‘symmetrical triangular’ pattern and breakout.

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.

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 $0.37

In order for a financial institution to transact $1,000,000 today, it would need to free up and have 2,700,000 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!

Here are some my prior XRP and BTC analysis you can look through

XRP/BTC TA


BTC/USD TA - Bull Flag


BTC/USD TA - Timing Next Bull Run


BTC/USD TA - Bull Run Begins


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My current vision on XRP
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Looks like a double top, and rsi shows a reversal and down trend. Feed back please.
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"If the private sector continues to move, they will be a head of us. The question is should the central banks be doing more by collaborating with the private sector to help them facilitate on moving forward." - Norman Chan, Chief Executive of The Hong Hong Monitory Authority

(This statement was made at the Swiss National Banking Conference while sitting right next to the CEO of Ripple, Brad Garlinghouse)
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"There is an opportunity for the use of Ripple's Technology" - The Bank of England Governor, Mark Carney

(Confirmed Ripple Partner)
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"The technology by itself should be embraced and we should see what the uses of that technology should be." - The head of the Bank of International Settlements.

(He is referring to Ripples software products)
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XRP is garbage and hence why it hasn't moved. Banks and media screwed over people and pumped this sucker coin. Its against what crypto is all about. Nobody wants this garbage. Its useless and the creators don't even believe in it. Watch their interview from over a year ago. Most of its holdings are with the creators/CEO. XRP=SHIT
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TheMasterBitcoin Michele1970
@Michele1970, youre garbage too.
+4 Reply
yvofox Michele1970
@Michele1970,
You have a lot to learn young grashopper:

https://fudbingo.com
+1 Reply
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