Accumulation for XRP, when considering the bigger picture, has been on-going since June 2022. The 2023 bullish wave was just a minor wave compared to bull-market proportions. "Wave 1" of a much bigger structure. This is the same dynamic all across the altcoins market.
XRP bottomed June 2022, like Ethereum. This is a signal of strength. Both peaked first in 2021 and also bottomed first in 2022, compared to Bitcoin.
The entire period from June 2022 through present day can be considered a long consolidation phase for XRPUSDT.
Some of the altcoins that moved really, really strong in 2023/24, can become shy in 2024/25. Some of the altcoins that were shy in 2023/24, can become really strong in 2024/25.
This is tricky. Those that move strong, tend to continue doing so. Those that are weak, tend to remain weak. But the market is tricky, things can work in reverse as mentioned above.
Instead of the super-active ones stealing the show next year, those that accumulated last year can have enough force to burst up next year, while those that already did thousands of percentages of points of growth would be too tired to do the same again.
Think of Fetch, Injective and Tellor as examples. At first, I was thinking that these would continue to perform as they performed in the past, but now I am thinking that they will underperform. For example, Dogecoin performed strongly in 2022. Dogecoin performed poorly in 2023; alternation.
It will be tricky to choose, but we have so much experience now that even with this difficulty, we will be able to make good choices. At first, we would do it with intuition, 90% intuition and still pick most of the winners. Now, with intuition, patience, the charts and experience, we can pick basically all of the winners... We will see about that.
Any potential for a bigger correction or drop is completely irrelevant. At this point, all that matters is to build a strong position in anticipation of next year's bull-market. the fact that the 2023 wave is so small, relatively speaking, gives hope as to huge growth potential in 2025.
XRP New All-Time High
For XRP, the standard ATH projection might be easily broken. The insiders here have unlimited money and they very organized, and they went through a very strong ordeal which only results in further strength.
The Fibs. point toward $4.6 which is around 700% from the current price. My own calculations give $5.13 as a new All-Time High. I don't know why but I feel that this can be easily broken in the upcoming bull-market. One reason, can be this extremely long consolidation phase. No lower lows since June 2022 is major signal of strength.
Whatever strategy you use is up to you, but I would focus on buy and hold thinking of the long-term.
This one is good to diversify as it has different cycles compared to the rest. The general cycle is always the same, but these are different groups, different people, different projects, different systems, different softwares, different mindset, different backgrounds... That's diversification; some cryptos are basically the same. We need variety for strength.
Thanks a lot for the support. See you at the millionaires club, in 2025 and beyond.
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.