Speculating how a bull run might play out for XRP... When you zoom out these large spikes really do look like repeating fractals. Rapid bursts followed by extended downward pressure which triggers the next burst.... kinda looks like it's due another soon.
One other thing to notice about these is the increasing scale of them, specifically over the time axis... the last downward pressure is mellower than the previous ( i:e lasts longer) and the entire 'wave' cycle is longer than the previous cycle. So you could easy redraw that last red line waay mellower which would point at this happening a lot later on.. but I have a Bull bias so I like my current take.
Weekly Stochastic RSI is in the 'oversold' area which seems to coincide with good entry points on crypto generally.
Is there the possibility of a 10x from the current 'bottom' of $0.31 ? It would give a 6x return from its current value of $0.5. ( by early next year )
If that did happen would the price target then go on to a rapid rise price hunting for the next top way into multiples of its current ATH ?
Will Elon Musk and his payment system aspirations for X(nae Twitter) be a catalyst for a next big crypto bull run ?
One other thing to notice about these is the increasing scale of them, specifically over the time axis... the last downward pressure is mellower than the previous ( i:e lasts longer) and the entire 'wave' cycle is longer than the previous cycle. So you could easy redraw that last red line waay mellower which would point at this happening a lot later on.. but I have a Bull bias so I like my current take.
Weekly Stochastic RSI is in the 'oversold' area which seems to coincide with good entry points on crypto generally.
Is there the possibility of a 10x from the current 'bottom' of $0.31 ? It would give a 6x return from its current value of $0.5. ( by early next year )
If that did happen would the price target then go on to a rapid rise price hunting for the next top way into multiples of its current ATH ?
Will Elon Musk and his payment system aspirations for X(nae Twitter) be a catalyst for a next big crypto bull run ?