Dear friends,
Let’s take a look at the XRPUSD chart.
Some people are frustrated that XRP doesn’t move as they want.
But when we look at the chart we can tell that patience will pay.
We created a similar pattern in 2014. From 2014 till 2017 we created a triangle formation with higher lows and lower highs. Eventually we broke this pattern but for this we had to wait 4 years! Xrp doesn’t move as you want but it’s following a pattern.
Since the top in 2017 the downtrend began and yes we are forming again the triangle formation. Now we are almost 7 years later and once this pattern break it can move up far past ATH.
From 2014 we bounced 4 times from the rising trend line, the same we did in the current pattern. Also we rejected twice from the downward trendline.
Every 3 year it seems that the MACD is crossing bullish. Let’s take a look at this;
2017: + 60000%
2020: +770%
2023: So far +110 %
The question is how much procent we can rise this time. IF we break the triangle formation it will be explosive.
Even if we drop from here to 0,40 we would still be in the formation.
We can’t forsee the future but we can look at historical data. And if you ask me XRP will have its showtime soon. After that we can see a downtrend again for about 3 years.