Please see XRP Forecast.
In this Chart I show the current 13:1 R:R trade Stop loss @ 0.83 TP ATH $3.8-$5 due before end of Jan 2022 latest.
I also show the fibonacci from 2017/18 Bull run peak to March 2020 Bear low.
I believe the correct perspective to really view crypto is using the logarithmic charts, this is due to crypto's price being related to network affects rather than a mean reversion perspective.
Due to this we should use Logarithmic fibonacci to accurately predict future price action.
In this chart the 1.618 Fib is $27 and that is a solid top for this bull trend before a major correction of 90%.
There are also arguments that we can go between the 2.14/72 that would lead to a 3 digit XRP.
Those kind of digits will require mass amounts of patients and could definitely be possible in the longer run, there are different ways to play this game to your advantage, but one thing is for sure, this moment In crypto is exciting and feels like the calm before the storm for alts as Bitcoin crosses ATH.
So be careful out there surfers & enjoy the waves!
Ya BoI,
Will
In this Chart I show the current 13:1 R:R trade Stop loss @ 0.83 TP ATH $3.8-$5 due before end of Jan 2022 latest.
I also show the fibonacci from 2017/18 Bull run peak to March 2020 Bear low.
I believe the correct perspective to really view crypto is using the logarithmic charts, this is due to crypto's price being related to network affects rather than a mean reversion perspective.
Due to this we should use Logarithmic fibonacci to accurately predict future price action.
In this chart the 1.618 Fib is $27 and that is a solid top for this bull trend before a major correction of 90%.
There are also arguments that we can go between the 2.14/72 that would lead to a 3 digit XRP.
Those kind of digits will require mass amounts of patients and could definitely be possible in the longer run, there are different ways to play this game to your advantage, but one thing is for sure, this moment In crypto is exciting and feels like the calm before the storm for alts as Bitcoin crosses ATH.
So be careful out there surfers & enjoy the waves!
Ya BoI,
Will