First of all, I want to draw your attention to similarities of today's price action and what we saw in 2015.
Bitcoin bottomed at 150-200$ back in 2015. While xrp was at the peak. After that we had a VERY long accumulation period. Bitcoin went up and up, while XRP couldn't hold any pop up.
This token was lagging behind Bitcoin, but once it broke that consolidation zone, it went literally NUTS.
70000% gain in less than 10months.. Let that sink in.
Right now, we are in the same consolidation zone, this time bitcoin and xrp prices correlate better.
I expect Bitcoin to drop from this recent top at 5500$ to around 3500-4000$ region again, before we shift from bear to bull market. We are in the potential bottom looking at historical pattern in 2014-2015.
In the same fashion I see xrp dropping to 0.30-0.25$ region before any upside could be sustainable. MACD is also indicating shift in the momentum, more buyers are coming in.
70000% gain from 0.25 region puts us at ~180$ per token. (But that's if you bough at the very bottom and sold at top).
Just be cautious of how XRP performs when BTC starts rising again. If it can sustain gains and move alongside BTC, then we might start bull run in XRP sooner. If we see choppy action, being unable to hold onto gains, history might repeat itself. (Also look how quick vertical moves are followed by very long consolidations)
Chart speaks for itself, potential of XRP is ENORMOUS.
What would you rather buy, lottery ticket or XRP?
Let me know what you think! :)
XRPUSD
Bitcoin bottomed at 150-200$ back in 2015. While xrp was at the peak. After that we had a VERY long accumulation period. Bitcoin went up and up, while XRP couldn't hold any pop up.
This token was lagging behind Bitcoin, but once it broke that consolidation zone, it went literally NUTS.
70000% gain in less than 10months.. Let that sink in.
Right now, we are in the same consolidation zone, this time bitcoin and xrp prices correlate better.
I expect Bitcoin to drop from this recent top at 5500$ to around 3500-4000$ region again, before we shift from bear to bull market. We are in the potential bottom looking at historical pattern in 2014-2015.
In the same fashion I see xrp dropping to 0.30-0.25$ region before any upside could be sustainable. MACD is also indicating shift in the momentum, more buyers are coming in.
70000% gain from 0.25 region puts us at ~180$ per token. (But that's if you bough at the very bottom and sold at top).
Just be cautious of how XRP performs when BTC starts rising again. If it can sustain gains and move alongside BTC, then we might start bull run in XRP sooner. If we see choppy action, being unable to hold onto gains, history might repeat itself. (Also look how quick vertical moves are followed by very long consolidations)
Chart speaks for itself, potential of XRP is ENORMOUS.
What would you rather buy, lottery ticket or XRP?
Let me know what you think! :)
XRPUSD
