I first posted this XRP gaussian channel chart in November of 2023.
I noticed a price pattern within the red portion of the gaussian channel.
This pattern could provide a clue for when XRP will moon.
More specifically, when XRP will top.
The 2016 and 2020 BTC Halving Event both occurred within the gaussian channel when it was red.
I pulled out the price pattern from the time of the halving till the blow off top.
I placed these patterns into the bottom of the split screen.
1) In 2016 and 2020, after the BTC halving, XRP saw a drop in price.
2016 had a 28% drop and 2020 had a 13% drop. This was the base for a triple and
double bottom respectively.
2) In both patterns there were two consolidation periods. (green and yellow channels)
3) When price broke above the yellow parallel channel (purple arrow) it took roughly
one month for XRP to reach its blow off top.
Looking at both of these patterns, XRP "moons" whenever it BREAKS OUT of its sidewards consolidation.
And according to this pattern and history, the Halving Event doesn't cause XRP's price to jump immediately. Rather it continues ranging within its parallel channel, frustrating XRP holders, and asking themselves, "when moon?"
I noticed a price pattern within the red portion of the gaussian channel.
This pattern could provide a clue for when XRP will moon.
More specifically, when XRP will top.
The 2016 and 2020 BTC Halving Event both occurred within the gaussian channel when it was red.
I pulled out the price pattern from the time of the halving till the blow off top.
I placed these patterns into the bottom of the split screen.
1) In 2016 and 2020, after the BTC halving, XRP saw a drop in price.
2016 had a 28% drop and 2020 had a 13% drop. This was the base for a triple and
double bottom respectively.
2) In both patterns there were two consolidation periods. (green and yellow channels)
3) When price broke above the yellow parallel channel (purple arrow) it took roughly
one month for XRP to reach its blow off top.
Looking at both of these patterns, XRP "moons" whenever it BREAKS OUT of its sidewards consolidation.
And according to this pattern and history, the Halving Event doesn't cause XRP's price to jump immediately. Rather it continues ranging within its parallel channel, frustrating XRP holders, and asking themselves, "when moon?"