A clue of where xrp can head based on it being a fractal of 2016

Dec 8

Ok this will be a slightly extensive dive into how the current breakout move from the multi year triangle that xrp just broke out of has a high probability of being a fractal of the triangle pattern breakout move xrp did in 2016 that yielded explosive parabolic bullish price appreciation. I want to start with this image on xrp on the Monthly chart to show how the first monthly candle that confirmed the breakout of the 2016 triangle went up 287 percent and the first monthly candle confirming the current breakout went very similarly to around 283%. So since we already have it following that same pattern there, I’m gong to extrapolate where price could head from here if we are needed mirroring that same explosive move of 2016 with our current price action. If so, the very first spot XRP had a pullback and then consolidated into a bull flag before heading further up was actually at the 1.038 fib level which is just 13% or so above its previous all time high. If we were to do something similar today we could see xrp’s first real significant pullback consolidation around $3.75-$3.77. This is in line with certain chart patterns breakout targets I have in mallet time frame charts that I don’t have shown here. Other chart patterns in those smaller time frames have a targets around $3.80, $3.84 and some as high as $4.06 and then on the logarithmic chart as high as $4.77-$4.85. I think even as high as $45 would still fall in line with a standard deviation away from the 1.038 fib and would still retain the fractal if we were to reach the top logarithmic target before having that first pull back. We can see on the left of the chart above on the first triangle breakout, after it moved on from the 1.038 level the net level it rose to before the first significant correction s all the way up at the 1.618 (in blue). If Xrp were to maintain the fractal in current price acton then the 1.618 should be its destination to before the first ajar correction, and as you can see the 1.618 for the current Fibonacci retracement is all the way up at around $26!

Dec 8

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$26 sees like an impossible feat for xrp to reach to many crypto market followers but those who have paid special attention to the full scope of XRP’s utility and potential total addressable market size know that this is an actual possibility. What’s more, if we continued the fractal from there you would see that that price would only be the halfway mark. In 2916 after hitting that 1.618 fib level xrp ha its first major correction during the 2016-2017 bullmarket correcting 68.37 percent from 40 cents all the way back down to 12 cents. It then spent a good 6 monthly candles consolidating in a ew bull flag pattern before breaking upward for th final leg and top of that bull run. You can see that on this zoomed in chart of the bullflag that formed midway through xrp’s 2016-2017 bull run right here:

Dec 8

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What I then decided to do was to take a new fib retracement from the top of that correction which was right at the previous fib retracement’s 1.618 fib(which is not shown on the picture just above this text) and I chose to take a new retraceent just from the top of that to it’s bottom to see if it would give us any additional clues about the final leg up that took us to the top and sure enough as you can see, the top wick of the final green monthly candle of that bul run topped out right at this new fib retracement’s 2.618 fb level (in red). I found this vey exciting because it could now give us something to go by to determine where the current bull runs final bull market top price might possibly hit.

Dec 8

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So since we know that after the 2016-2017 bullrun hit it’s first consolidation area at the 1.038, then shot up to the 1.618, then corrected 68.37 percent before finally blasting upward to the top at the new fib’s 2.618 I should be able to make a new fib from the current bull runs 1.618 target of $26.85 that goes from there back down 68.37 percent and then get a rough idea of the final blow off top for this bull run based on whatever that fib retracements 2.618 level is.

Dec 8

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So upon doing just that, this is the result I got:

if we do somehow follow an exact mirror and fractal of xrp’s 2016-2017 bull run move, then after hitting the 1.618 extension at $26.85 we would then correct down to around $8.41 cents over roughly 6-8months then we would finally have our last parabolic blast off all the way up to the 2.618 fib level I have circled here at an unfathomably high level of $175. This would only be if we followed the fractal of that bull run 100% exactly and ironed it every step of the way, which judging by the prices is actually a very low probability. I’m not expecting these kind of crazy prices, for at least a whole mother bull run from now, and I feel like I’m already likely expecting too high of a price for this bull run by aiming for a $38 top target as is, (more broadly a target somewhere between $33-42.) Even at that anticipated level, I realize that is also likely still a pipe dream which is why I plan to already start taking some profits as low as the $9 mark, then laddering out at slightly larger amounts of profit taking each significant milestone price we reach above that, gradually laddering out a little more than the previous rung of the ladder…so maybe a little more at $11, then a little more at $18, $23, $27, $31, $33 and then finally if I’m lucky enough for it to reach my $38 target that is likely when I will take profit on the lion’s share of my holdings, however even then I still plan on leaving about 1/3rd of my total holdings in from there just in case we continue to climb towards this crazy 2.618 fractal level somehow, and along the way to that whenever we reach a major price point, my plan is to only ever take profit on 1/3rd of whatever is left in my total so that I never fully run out of xrp and will be able to capitalize on each and every price it could possibly try to hit, but also I think it would be nice to just hold an amount of xrp indefinitely to use in lending and staking protocols eventually to earn passive income on it without actually ever having to sell it. Even though probability is low that we would be able to mirror XRP’s 2016-2017 bull run exact enough to attain these crazy prices, it’s fun to hypothesize about and exciting to at least realize that as low as the probability of those prices are this bull run, thanks to this fractal, those prices are not an absolute impossibility *not financial advice*