XRP price action speculationNOT financial advice. I DO NOT have a financial background. I am NOT a financial advisor. DO YOUR OWN RESEARCH
New at making charts and first chart publishing. With that in mind here goes! Note exact %s and prices are off but you get the idea. Also, weekly chart
I'm showing XRP with the potential to mirror itself from when the .22 (give or take) support level flipped into resistance. See the following:
-Chart is showing symmetry from support level flipping to resistance level
-The 3 yellow circled tops from 2018 & 2019 are repeating
-The 2 red circled bottoms could as well
-This would form a nice launching ramp upwards; with the same intensity as its ride down
-Also, note our current cycle, blue circle, looks very similar to early 2017; huge green candle followed by a red one taking out most of the gains
-After some correction (shake out) and consolidation price exploded 1500% to a high of .40 (green circles)
-Price then corrected/sideways; formed a bull flag
-Critical point was reached /bull flag closed in? and price exploded again another 1500% to all time high (ATH) of 3.40
-XRP then behaved like the roller coaster Raging Bull and gave us an epic free fall
-XRP is carrying all the kenotic energy forward now / the Bull has been let out
-Price shoot up after forming double bottom just recently at .17 / head and shoulders?
-Price to push into the .60- . 80 or .80 - 1.00 before getting rejected back to .45 resistance, flipping it to support
-Blast off to ATH and beyond it slightly; following BTC breakthrough success of ATH
-Afterwards price goes side ways, purple circles till end of 2021
-$3.40 is now support and the ".30 cents rage"
-History repeats and we see another 1500% run up to $56 dollars at least
Notes: News follows price. The news is priced in. A combo of Ripple lawsuit being settled (XRP will be a currency) and Tether lawsuit (will be deemed a security and will decimate BTC; BTC dominance is already pushed past its previous ATH which after its fall led to ALT coins season).
Speculation: With regulatory clarity by new administration, lack of exchanges to purchase XRP (for retail only of course, institutions will be gobbling it OTC or some type of restitution by the settlement by Ripple will give custody of escrow to IMF or Fed or some institution of that nature to help provide liquidity to the markets), and with BTC dominance fall out, and SEC going after other Alts (ruling from Ripple defining most Alts in some way they scare off investors), ETH will suffer some scaling issues or be deemed not environmentally friendly; POF or mining centralized?, will leave XRP as the hands down best (already having clarity, utility, adoption, decentralized, fast, etc) top Crypto. This will lead to the great flipping where XRP takes the number 1 spot as floods of institutional money pours into (or its used as the SDR for gold and commodity backed CBDCs)! Either way, XRP takes its spot as number 1 and price explodes into the 1000s. Also, Flare takes ETH place for smart contracts. "All the money"
NOT financial advice. I DO NOT have a financial background. I am NOT a financial advisor. DO YOUR OWN RESEARCH
XRP👨🚀🚀🪐✨
