I'm back on board with my call from last week of a return to $0.67 for XRP. This time instead of using wyckoff, I've adjusted XRP's 4 hour price history (from it's initial run up in March 2021 until present) and the price correlation to this week is too striking to ignore. If this plays out, we'll see as short term peak below $0.83, before returning to the high $0.60s, low $0.70s leading into March and if the fractal holds, this will likely continue all the way into May. While this is not a fun scenario for any long term investors in XRP, consider it a golden opportunity for your final entries in the sub $1 range, as by late May, should XRP's price remain in this range it will touch it's 10 year support. Historically every time we've touched this ascending support, the price has experienced it's most extreme price rallies.
Commentaire:
For a more macro/zoomed out view of what I expect to see happen with XRP later in the year, have a look at this chart in which I project how upcoming events in the XRP/Ripple Lawsuit timeline will effect price.
