XRP Local Trend. Channel 394 days. Pivot zones.

Logarithm. Time frame 1 day Part of the secondary trend, the upward channel zone of 394 days (13.13 months. Second year of the SEC-court FUD story).

A symmetrical triangle is forming in the uptrend channel. A decoupling is coming. Percentages to key local support/resistance levels are shown on the chart.

Launching "expert opinion tales" in the manner of: "a fair price" on XRP if not “sued” by the SEC from $908 to $513,000 per coin!)


🐳🗣Such reassuring nonsense for sectarians has 2 objectives:

1️⃣ 🔴 Keeping the price in the drop zone

2️⃣ 🟢 Psychological preparation for future dump, so that on any, even an inadequate % of profit from the trader's position, the sectarian will not sell his coins. After all, he is waiting for the price XXX (no! XXXXXXXXX) that “insiders” told “in confidence” (bullshit for the poor but very greedy).

For example, the price of XRP rose to $0.58 or $1 (symbolically), and the “super hamster” is waiting for the realization of the insider, that is the price of at least $908 (why not $906, for example?).


When pumped in the distribution zone (i.e., selling with “smart money”), such insiders and expert opinions for stupid people (news trending background) increase significantly. Especially on liquid cryptocurrencies and stocks.


🐳🔵 For stupid people (hamsters) a whole avalanche of information, like this news breaker, when:

1️⃣⚠️ Critical situation for a "market maker." When the price is near distribution zone support (reset) and there is a huge absorption of unwanted selling by the “market maker” to hold the price and not break the trend (keep the selling zone range for “dumb money”).

2️⃣🟢 When significant price gains are planned from the initial distribution zone to:

1) the second distribution zone (above), or
2) the last momentum from the distribution zone, before the trend reverses (reset), i.e., the activation of greed and “lost profits” for “dumb money” when most “smart money” positions have already been sold.


1️⃣ Main trend.

XRP/USD Main trend

XRP/USD Main trend (part) Triangle

2️⃣ Secondary Trend (all falling from the cycle high of 2021).

XRP/USD Secondary trend. Channel.

3️⃣ Local trend (sideways, accumulation zone).

XRP/USD Nine days until SEC-XRP's two-year anniversary!

(14 updates of local work since 12/13 2022, this idea is the continuation of this work).


The smaller you set your trading target, the more you earn over the distance.

Comment:

An important zone of 0.53 for the development of the XRP trend.

Comment:

under a local market correction, a rather large symmetrical triangle may form at the base of XRP. The logic of the formation is shown.

Comment:

Further formation of a rather nice symmetric triangle in the accumulation zone. The price fell to the level of 0.4496 to the lower edge of this formation. The percentage of this reversal zone showed on the price chart.

Comment:

This is how this beauty looks on a line chart without "market noise".

Comment:

momentum more than +37% from the reversal zone 0.4496 to the resistance of the ascending channel (zone 0.06244).

A massive positive FUD is about to kick in. Judge in Ripple vs SEC case quote:

"XRP tokens that were sold to retail investors CANNOT be securities!"

"But, the institutional sales violate the law by being an offering of unregistered securities and an offering of investment contracts."

Comment:

almost +100% after a couple of hours. Full development of the triangle targets to the level of 0.8640. Local rollback. The main movement and "news" a little later.

Comment:

after the papa +100% pullback. Thus forming a "curved" descending triangle. Which, in case of upward breakout, will act as an upward ash. Key support/resistance levels from which the trend will develop as before. We are in the zone of previous consolidation January-April 2022 before descending into the zone of multi-month accumulation. Local stop zones are shown.

This is all local work, the overall picture of the trend development see in the interconnected ideas, absolutely nothing has changed (huge triangle) for the last few years.

Comment:

Comment:

Not breaking through the 0.695 zone. Breakthrough of support 0.6244. Decline in price by -32.7% to the meridian of the accumulation channel. Local interest to key local liquidity zones in this channel zone.

Toward the end of August (signaled through codes) there may be "news" and a strong dump from this zone (an order of magnitude higher than the last local pump +103%) This information as for me should be treated with skepticism. Just realize that it is there and this is what mega large market participants (who always sell in any trend, because any sale is super earnings, volatility, creating speculative and news interest) want to instill in just large market participants.

Comment:

All of this channel and percentages to key areas.

Comment:

looks like this on linear

Comment:

It's the same. The price is flying along the meridian of the channel. Updated the idea for local work.