Hello.
I'm going to walk you through what happened in the early years of XRP p.a. and how this fractal might play out today.
Here's what happened.
1. A high was printed in 2013 (ATH)
2. Followed by a lower high (LH)
3. XRP broke out of a downtrend 📈
4. In 2017 price increased 1,280% finding resistance @ ATH (we'll call this "Leg 1")
5. The LH then acted as support, followed by sideways price movement
6. Price increased 1,460% creating a higher-high (or "HH") which surpassed the ATH and this is "Leg 2"
7. Again, sideways price movement.
8. An increase of 1,560% creating a new ATH Dec 2017 - "Leg 3"
What's interesting here is that each leg takes 5 weeks to play out (that's 5 green weekly candles to put a finer point on it).
Fast forward in time - what do we see?
A high..
A lower high....
A breakout of the downtrend..
Followed by..... you guessed it... 5 green weekly candles
Hold on...
A rejection at the ATH
The LH acting as support...
With sideways movement .. 👀
The symmetry is quite profound and provides us with an idea of what will happen next.
If we consider the move in Nov 2024 as "Leg 1" then one could argue that "Leg 2" is currently in play.
Leg 1 was not as significant as the uplift we saw in 2017 (480% vs 1,280%)
However, if we assume that the variance between Leg 1 and Leg 2 rhymes then the projected uplift from the LH would be 550%.. making XRP price roughly $11-13
It follows that price will then move sideways/consolidate/capitulate for several months.
Followed by one last move to the upside which, using the variance between Leg 2 and Leg 3 put the final leg @ 585% or $35-39.
Wild guess but based on historical Bitcoin halving peaks and XRP ATH in both cycle 1 and 2 landed at the back end of Q4, it is assumed the same could happen (put simply: the end of 2025).
You're welcome.
I'm going to walk you through what happened in the early years of XRP p.a. and how this fractal might play out today.
Here's what happened.
1. A high was printed in 2013 (ATH)
2. Followed by a lower high (LH)
3. XRP broke out of a downtrend 📈
4. In 2017 price increased 1,280% finding resistance @ ATH (we'll call this "Leg 1")
5. The LH then acted as support, followed by sideways price movement
6. Price increased 1,460% creating a higher-high (or "HH") which surpassed the ATH and this is "Leg 2"
7. Again, sideways price movement.
8. An increase of 1,560% creating a new ATH Dec 2017 - "Leg 3"
What's interesting here is that each leg takes 5 weeks to play out (that's 5 green weekly candles to put a finer point on it).
Fast forward in time - what do we see?
A high..
A lower high....
A breakout of the downtrend..
Followed by..... you guessed it... 5 green weekly candles
Hold on...
A rejection at the ATH
The LH acting as support...
With sideways movement .. 👀
The symmetry is quite profound and provides us with an idea of what will happen next.
If we consider the move in Nov 2024 as "Leg 1" then one could argue that "Leg 2" is currently in play.
Leg 1 was not as significant as the uplift we saw in 2017 (480% vs 1,280%)
However, if we assume that the variance between Leg 1 and Leg 2 rhymes then the projected uplift from the LH would be 550%.. making XRP price roughly $11-13
It follows that price will then move sideways/consolidate/capitulate for several months.
Followed by one last move to the upside which, using the variance between Leg 2 and Leg 3 put the final leg @ 585% or $35-39.
Wild guess but based on historical Bitcoin halving peaks and XRP ATH in both cycle 1 and 2 landed at the back end of Q4, it is assumed the same could happen (put simply: the end of 2025).
You're welcome.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.