This is a very interesting TA if you take few minutes to actually analyze it and determine some very similar movements/fractals from last time we were riding on to today. As of today we are sitting on a 790+ Day Support in a form of a . Last time we had similar , it took just around 944 days before we saw an immense breakout occur. If we were to repeat same exact pattern, we would be looking at December of 2019 for similar breakout but this time we will be going over $50 with possible short term pit stop at $5 - $15
Please do understand that if we put away fractals, we can expect a breakout anytime from now on and since price is being artificially controlled at this time, there's no telling when exactly the wall between institutional side and retail side break.
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 $0.40
In order for a financial institution to transact $1,000,000 today, it would need to free up and have 2,500,000 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!