Large Upward Movement Due on XRPUSD Chart
As shown in the weekly chart, XRP has seen a large upward movement an average of every 259 days with 280 days being the longest period betwen large movement. We have now reached the the point of average days in between which means a large impulsuve move should be due within the next 20 days if history rhymes. We have...
Overlooking the entire chart data we have on XRP, we can see that the largest impulsive price movements are found every 261 days on average, indicating that end of January/Start of February may show another large impulse to the upside.
Stochastic RSI on monthly chart is highly oversold, and the price has reached a level that is parrallel to the last two highest peaks. if history repeats, then we may be set for a major upward movement.
An ascending channel has formed with a lower long-term parallel trend line being touched, Fibonacci trend lines touch up with multiple major support and resistance levels. If projected properly, price may see ATH July next year with a rally start in the coming months.