Weekly timeframe: After observing XRP charts for a long time, I have noticed that XRP repeats many of the same patterns when you scale down to lower time frames and look closely enough.
I believe we are currently within the same move that occurred between 7/13/2020 and 11/23/2020, but many have missed seeing we're within this same move due to the fact that the move is so much larger in scale. It's easy to miss, but when you see it, you can recognize the strength of the upcoming price surge, it has the same peaks, same roll over and delay.
If you would like further confirmation that we are within this move right now, scale down to a lower time frames between 7/13/2020 and 11/23/2020. Look at each candle, how they closed, and look at the peaks that formed & the roll over & the delay period and then match them up & compare it to the current surge between 11/23/2020 and 5/9/2022.
This period of time is the peak and roll over then look at the delay period again that we're in now, which is like a consolidation period before a big move, same as the move that happened in that box during the year 2020 before the price pumped.
You will see that they are nearly identical moves. This move, as I mentioned, is much larger in scale. The only difference in this recurring pattern is that we will not have a lawsuit starting, but the lawsuit will be ending at the end of this move. Compare both moves (The peak and roll over and delay period exactly as they are) and you will see what I'm talking about and how closely they match.
So, understanding the large scale of the move we're in, combined with the settlement approaching, you can clearly see that the price is primed to make an explosive move upwards.
We would not need to worry about the correction we saw in this 2020 move because that was Clayton starting the lawsuit, but this time it will just be a clean pump, which many could also say this is specifically the period of time when everyone looking for cheap entries is priced out forever.
Many say they are waiting on settlement to make their move, but the problem is you'll wake up to news, but the price already pumped on you or we pump before settlement and then again after settlement pricing people out further plus it's during a BTC halving so many things are happening at once here. It will be explosive.
News is always after the fact, and if you're investing using the news, you're already too late and missed out.
Good luck out there and remember NFA just my own speculation.
I believe we are currently within the same move that occurred between 7/13/2020 and 11/23/2020, but many have missed seeing we're within this same move due to the fact that the move is so much larger in scale. It's easy to miss, but when you see it, you can recognize the strength of the upcoming price surge, it has the same peaks, same roll over and delay.
If you would like further confirmation that we are within this move right now, scale down to a lower time frames between 7/13/2020 and 11/23/2020. Look at each candle, how they closed, and look at the peaks that formed & the roll over & the delay period and then match them up & compare it to the current surge between 11/23/2020 and 5/9/2022.
This period of time is the peak and roll over then look at the delay period again that we're in now, which is like a consolidation period before a big move, same as the move that happened in that box during the year 2020 before the price pumped.
You will see that they are nearly identical moves. This move, as I mentioned, is much larger in scale. The only difference in this recurring pattern is that we will not have a lawsuit starting, but the lawsuit will be ending at the end of this move. Compare both moves (The peak and roll over and delay period exactly as they are) and you will see what I'm talking about and how closely they match.
So, understanding the large scale of the move we're in, combined with the settlement approaching, you can clearly see that the price is primed to make an explosive move upwards.
We would not need to worry about the correction we saw in this 2020 move because that was Clayton starting the lawsuit, but this time it will just be a clean pump, which many could also say this is specifically the period of time when everyone looking for cheap entries is priced out forever.
Many say they are waiting on settlement to make their move, but the problem is you'll wake up to news, but the price already pumped on you or we pump before settlement and then again after settlement pricing people out further plus it's during a BTC halving so many things are happening at once here. It will be explosive.
News is always after the fact, and if you're investing using the news, you're already too late and missed out.
Good luck out there and remember NFA just my own speculation.