XRP - Sideways Consolidation Followed By Decline Over Next Week
Updated
After the price surge of over 100% within two days, i wonder where the price goes from here.
Due to the fact that the price rose so fast in such the short timeframe, i dont believe that XRP price will continue to rise.
I expect some sideways consolidation followed by a decline in price to a resistance level of approx 0.39EUR by next week.
(I hope so anyway, I dont get paid till the end of next week and some low prices would be ideal lol)
What do you guys think?
#XRP #XRPTHESTANDARD #XRPTOTHEMOON #RIPPLENWO
Due to the fact that the price rose so fast in such the short timeframe, i dont believe that XRP price will continue to rise.
I expect some sideways consolidation followed by a decline in price to a resistance level of approx 0.39EUR by next week.
(I hope so anyway, I dont get paid till the end of next week and some low prices would be ideal lol)
What do you guys think?
#XRP #XRPTHESTANDARD #XRPTOTHEMOON #RIPPLENWO
Note
Note
I believe the price of XRP is repeating the cycle it has been in since Q1.A - B (-78%/32 Days)
C - D (-62%/48 Days)
E - F (-70%/128 Days)
(The duration here is an outlyer but still included in mean)
Average Percentage Drop = (-70%)
Standard Deviation = (8%)
Average timeframe = (69 Days)
Standard Deviation = (51 Days)
Therefore I believe XRP will continue this cycle and drop another -70%, +/-8%
The timeframe at which it take to drop this much is harder to predict,
However, We do know XRapid Will be going live
Note
Continued... XRapid Will be going live ''In the Next Month or So''I believe we will launch to go the moon between November 1st and November 23rd
Happy Holding :)
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