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.
It would appear that BTC makes the move first then XRP takes about 65% longer to make a move of equal significance.
We can see that BTC had a Major Pump in 2013 and that from there it traded within a range until 2017 before rising 5,424%
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 it will soon be that XRP has traded 6 Years within this range and just like BTC in the past it appears to be holding on to a trendline, if XRP goes like how BTC went, then we should expect XRP to be nearing or even above the top of the range Several Months after it's first test of the trendline which would point us to February 2023.
If XRP's Multi-Year-Range Breakout lives up to BTC's, I would expect to see an approximate 5,400% pump from XRP's Range Highs which would take it up to the seemingly insane and "unreachable" target of $120.94
We even have some added Monthly MACD Hidden Bullish Divergence to back XRP up.
It would appear that BTC makes the move first then XRP takes about 65% longer to make a move of equal significance.
We can see that BTC had a Major Pump in 2013 and that from there it traded within a range until 2017 before rising 5,424%
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 it will soon be that XRP has traded 6 Years within this range and just like BTC in the past it appears to be holding on to a trendline, if XRP goes like how BTC went, then we should expect XRP to be nearing or even above the top of the range Several Months after it's first test of the trendline which would point us to February 2023.
If XRP's Multi-Year-Range Breakout lives up to BTC's, I would expect to see an approximate 5,400% pump from XRP's Range Highs which would take it up to the seemingly insane and "unreachable" target of $120.94
We even have some added Monthly MACD Hidden Bullish Divergence to back XRP up.
