XRP Price Prediction
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Looking at XRP's overall Price Action since its listing at Bitstamp in 2013 we can see a similar pattern evolving in the current Cycle compared to the Cycle from 2013-2017.
2013-2017 Price Action:
1. Cycle: Quick run up, then it went down like a curve relatively quickly (see blue line)
2. Cycle: Lower High than last Cycle and bottoming out over a longer period of time
3. Cycle: Parabolic Run Up
Between Cycle 1 & 2 it took out Sellside Liquidity.
Between Cycle 2 & 3 it took out Buyside Liquidity resting at 0.00907 - the swing high of that move comes in at 0.00947
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2017-current Price Action:
1. Cycle: Quick run up, then it went down like a curve relatively quickly (see blue line)
2. Cycle: Lower High than last Cycle and bottoming out over a longer period of time
3. Cycle: Parabolic Run Up?
Between Cycle 1 & 2 it took out Sellside Liquidity.
Between Cycle 2 & 3 it took out Buyside Liquidity resting at 0.917 -
the swing high of that move comes in at 0.947
Look at the "coincidental" price points of both Cycle's Buyside Liquidity grabs...you can't make that up. Remove two zeros and you almost get the exact same price points as in July 2023.
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My guess is that it will take out the Sellside Liquidity resting at $0.28704. Maybe even trading down to grab the Sellside Liq. at $0.16918. Once it grabbed it, it will then go for another parabolic run up like we saw in 2017.
Why would that make sense with the overall understanding of the market? Like I explained in my last BNB analysis Tether will go down at one point. Inevitable. XRP won't stay up there during that moment in time.
Also think about it like this: The SEC case pump in July was a trap for retail traders to buy it up. Who sold it to them? Smart Money (the big guys). If Smart Money sold their fair share of XRP in July, then they definitely want to buy back in again, but at much lower prices, right?
Who is going to sell once we break down the $0.30 floor? Retail...Smart Money is buying it all up, then we wait & XRP will be one of the big players in the future and get another parabolic run - working with Central Banks etc. (if you want to learn more about that follow me here or on Twitter - I will post more in the near future)
______
Looking at the chart from a different perspective:
Since 2017 the chart has been getting compressed. When something gets compressed over a long period of time, this pressure needs to be released at one point like we saw in 2017. The same will happen in the future. Or think about it like as if it was breathing in and out. Universal laws.
______
Welcome to kingoftrades 88's way of charting.
______
Nothing posted here is financial advice.
2013-2017 Price Action:
1. Cycle: Quick run up, then it went down like a curve relatively quickly (see blue line)
2. Cycle: Lower High than last Cycle and bottoming out over a longer period of time
3. Cycle: Parabolic Run Up
Between Cycle 1 & 2 it took out Sellside Liquidity.
Between Cycle 2 & 3 it took out Buyside Liquidity resting at 0.00907 - the swing high of that move comes in at 0.00947
______
2017-current Price Action:
1. Cycle: Quick run up, then it went down like a curve relatively quickly (see blue line)
2. Cycle: Lower High than last Cycle and bottoming out over a longer period of time
3. Cycle: Parabolic Run Up?
Between Cycle 1 & 2 it took out Sellside Liquidity.
Between Cycle 2 & 3 it took out Buyside Liquidity resting at 0.917 -
the swing high of that move comes in at 0.947
Look at the "coincidental" price points of both Cycle's Buyside Liquidity grabs...you can't make that up. Remove two zeros and you almost get the exact same price points as in July 2023.
______
My guess is that it will take out the Sellside Liquidity resting at $0.28704. Maybe even trading down to grab the Sellside Liq. at $0.16918. Once it grabbed it, it will then go for another parabolic run up like we saw in 2017.
Why would that make sense with the overall understanding of the market? Like I explained in my last BNB analysis Tether will go down at one point. Inevitable. XRP won't stay up there during that moment in time.
Also think about it like this: The SEC case pump in July was a trap for retail traders to buy it up. Who sold it to them? Smart Money (the big guys). If Smart Money sold their fair share of XRP in July, then they definitely want to buy back in again, but at much lower prices, right?
Who is going to sell once we break down the $0.30 floor? Retail...Smart Money is buying it all up, then we wait & XRP will be one of the big players in the future and get another parabolic run - working with Central Banks etc. (if you want to learn more about that follow me here or on Twitter - I will post more in the near future)
______
Looking at the chart from a different perspective:
Since 2017 the chart has been getting compressed. When something gets compressed over a long period of time, this pressure needs to be released at one point like we saw in 2017. The same will happen in the future. Or think about it like as if it was breathing in and out. Universal laws.
______
Welcome to kingoftrades 88's way of charting.
______
Nothing posted here is financial advice.
Note
Unfortunately you guys can't see the prior cycle. Will post this chart now.
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