As you know, i've published previously a couple of ideas on XRP (since february) talking about this curious arc trend (pink line) and how XRP has respected it through its rallies.
Besides XRP has found a strong support on a second touch on it (and probably the bottom), i noted that i was looking at the small pic of 2017 only in my previous analysis, but looking back further i could notice the similarity of the periods 2013-2017 and 2018- 2021 and here's why:
-Both periods of accumulation lasted : 3.24 and 3.38 years (so far) respectively
-the arc trend works the same way shaping the critical XRP supports when touching it
Now if we are right, the next question becomes: would it also reach the crazy price % targets it reached in the first one? which might be around >200 dls?, sounds irreal but time will tell.
Interesting fact is that all the bull cycle from the 2017 breakout lasted 276 days (that's less than a year!), will this one be around that long?
*******Please click on follow for more charts on XRP and bitcoin!!********
Besides XRP has found a strong support on a second touch on it (and probably the bottom), i noted that i was looking at the small pic of 2017 only in my previous analysis, but looking back further i could notice the similarity of the periods 2013-2017 and 2018- 2021 and here's why:
-Both periods of accumulation lasted : 3.24 and 3.38 years (so far) respectively
-the arc trend works the same way shaping the critical XRP supports when touching it
- -The second strong touch marks the impulse for the breakout
Now if we are right, the next question becomes: would it also reach the crazy price % targets it reached in the first one? which might be around >200 dls?, sounds irreal but time will tell.
Interesting fact is that all the bull cycle from the 2017 breakout lasted 276 days (that's less than a year!), will this one be around that long?
*******Please click on follow for more charts on XRP and bitcoin!!********
코멘트:
Currently Holding support on the pink line, while bitcoin is starting a recovery...
Do you think we'll have something interesting soon?
Do you think we'll have something interesting soon?
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