For the BCBacker fans out there, you've undoubtedly seen his fractal overlay of Bitcoin super cycle and how we've hit the same significant levels all the way down to the $3000 range and all the way up to 69k.
I have never seen him use this same logic with XRP, but, as you can see, it is a very similar comparison. XRP is "one cycle behind" since it was created about 4 years later than Bitcoin . Also the dynamic of the market is definitely changing with BTC dominance dropping so low during a bear market.
It is difficult to tell what we do from here timewise. Could we have completed the long period of ranging (from 2018-2020) similar to the ranging we did in 2015-2017. Does that mean this current period of ranging will be shorter, similar to the time spent from peak in Dec 2013 to the lower high set in Dec 2014.
I believe with the potential of a favorable outcome from the SEC vs Ripple case, we could soon see similar upside that we did in the 2017/18 bull run in the coming months.
XRP hit its first ATH Dec 2013 and took about 1204 days to get back to that same level. We are currently on day 1778 since hitting the previous ATH set in 2018.
NFA
I have never seen him use this same logic with XRP, but, as you can see, it is a very similar comparison. XRP is "one cycle behind" since it was created about 4 years later than Bitcoin . Also the dynamic of the market is definitely changing with BTC dominance dropping so low during a bear market.
It is difficult to tell what we do from here timewise. Could we have completed the long period of ranging (from 2018-2020) similar to the ranging we did in 2015-2017. Does that mean this current period of ranging will be shorter, similar to the time spent from peak in Dec 2013 to the lower high set in Dec 2014.
I believe with the potential of a favorable outcome from the SEC vs Ripple case, we could soon see similar upside that we did in the 2017/18 bull run in the coming months.
XRP hit its first ATH Dec 2013 and took about 1204 days to get back to that same level. We are currently on day 1778 since hitting the previous ATH set in 2018.
NFA