XRP Continues to Mirror BTC's Macro Pirce-Action; Only Slower.
XRP since it was listed on Poloniex back in 2014 seems to have mirrored the overall price action of BTC over the years but at a much slower pace from the looks of it it wouldd appear that BTC makes the move first then XRP takes about 1.65x longer to make the move itself. Based off this we can see that in late 2013 BTC started trading within a Multi-Year-Range after a many previous months of positive price action and that it did not breakout of this range until a little over 3 years later in mid 2017 to which it proceeded to Blue-Sky-Breakout to all time highs never to see the Multi-Year-Range ever again. (atleast not yet anyway) XRP's story appears to be the same but with the small twist that it is still trading within it's Multi-Year-Range that it's found itself trading within after a huge 2017 rise. 2022 will be coming to and end soon and within the first half of next year XRP will have officially been 5 years since XRP has entered this range and given that the expectation is for XRP to move 65% the speed of BTC one could expect that XRP as it is right now is only several months away from a Breakout of it's own and of equal or better significance than BTC's Breakout was.
....... Stright to the point ........
If XRP's Multi-Year-Range Breakout lives up to BTC's, I would expect to see somewhere around a 4,500% pump from the Range Highs which would take XRP up to the seemingly insane target of $168.50
....... Stright to the point ........
If XRP's Multi-Year-Range Breakout lives up to BTC's, I would expect to see somewhere around a 4,500% pump from the Range Highs which would take XRP up to the seemingly insane target of $168.50
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**Small Rewrite to correct some typing mistakes when writing in a rush during the Morning Open.**
XRP since it was listed on Poloniex back in 2014 seems to have mirrored the overall price action of BTC over the years but at a much slower pace from the looks of it it would appear that BTC makes the move first then XRP takes about 65% longer to make a move of equal significance itself.
I base this logic on the fact that we can see that in late 2013 BTC started trading within a Multi-Year-Range after a many previous months of positive price action; it did not breakout of this range until a little over 3 years later in mid 2017, to which it proceeded to Breakout to Blue Skies and to new all time highs never to revisit the Multi-Year-Range ever again. (atleast not yet anyway)
XRP's story appears to be the same but with the small twist that it is still trading within it's Multi-Year-Range that it's found itself trading within after a huge 2017 rise.
2022 will be coming to and end soon and within the first half of next year it will have officially been 5 years since XRP first entered this range and given that the expectation is for XRP to move 65% the speed of BTC one could expect that XRP where it stands today is only setting up for a Blue Sky Breakout of it's own of equal or even more significance than BTC's Breakout was.
....... Stright to the point ........
If XRP's Multi-Year-Range Breakout lives up to BTC's, I would expect to see an approximate 4,500% pump from XRP's Range Highs which would take it up to the seemingly insane and "unreachable" target of $168.50
XRP since it was listed on Poloniex back in 2014 seems to have mirrored the overall price action of BTC over the years but at a much slower pace from the looks of it it would appear that BTC makes the move first then XRP takes about 65% longer to make a move of equal significance itself.
I base this logic on the fact that we can see that in late 2013 BTC started trading within a Multi-Year-Range after a many previous months of positive price action; it did not breakout of this range until a little over 3 years later in mid 2017, to which it proceeded to Breakout to Blue Skies and to new all time highs never to revisit the Multi-Year-Range ever again. (atleast not yet anyway)
XRP's story appears to be the same but with the small twist that it is still trading within it's Multi-Year-Range that it's found itself trading within after a huge 2017 rise.
2022 will be coming to and end soon and within the first half of next year it will have officially been 5 years since XRP first entered this range and given that the expectation is for XRP to move 65% the speed of BTC one could expect that XRP where it stands today is only setting up for a Blue Sky Breakout of it's own of equal or even more significance than BTC's Breakout was.
....... Stright to the point ........
If XRP's Multi-Year-Range Breakout lives up to BTC's, I would expect to see an approximate 4,500% pump from XRP's Range Highs which would take it up to the seemingly insane and "unreachable" target of $168.50
