XRP In search of a new "higher-low" before a new ATH?
Updated
3/21/2019
Observation: I think it's important to look at the greater life span of XRP. The white dashed lines connect the ALL TIME HIGHS(GREEN) to the lowest price (RED) after consolidation... and then to the next ATH. In this chart, we can see that the RED numbers are increasing as time goes on.... aka "higher lows" as well as the ATH's.
Analysis: I'm a bit concerned that the bull run on 9/19/18 (Pink arrow) sets the trajectory of the white dashed line to the future ATH a bit too aggressive and therefore very unlikely. Furthermore, this would indicate that the fall from 3.50 isn't done consolidating. I think this is a good thing. If this is the case, we are anticipating a drop to less than .24 but greater than .12. This would give us a new target low (shown in in yellow) from 3.50 for another go towards an ATH that is greater than 3.50 with a trajectory that could be more realistic.
Conclusion: I'm looking for a bear run to somewhere between .12 and .24. This would show a deviation from the white trend line... and possibly shift to following the yellow trend line to give us a new ATH greater than 3.50.
Post Note: If we see a serious bull run that starts within the next week, we could see an ATH that follows the white vector. If XRP keeps moving sideways, look for a drop to somewhere between .12-.24 hopefully closer to .24.
What do you think?
Observation: I think it's important to look at the greater life span of XRP. The white dashed lines connect the ALL TIME HIGHS(GREEN) to the lowest price (RED) after consolidation... and then to the next ATH. In this chart, we can see that the RED numbers are increasing as time goes on.... aka "higher lows" as well as the ATH's.
Analysis: I'm a bit concerned that the bull run on 9/19/18 (Pink arrow) sets the trajectory of the white dashed line to the future ATH a bit too aggressive and therefore very unlikely. Furthermore, this would indicate that the fall from 3.50 isn't done consolidating. I think this is a good thing. If this is the case, we are anticipating a drop to less than .24 but greater than .12. This would give us a new target low (shown in in yellow) from 3.50 for another go towards an ATH that is greater than 3.50 with a trajectory that could be more realistic.
Conclusion: I'm looking for a bear run to somewhere between .12 and .24. This would show a deviation from the white trend line... and possibly shift to following the yellow trend line to give us a new ATH greater than 3.50.
Post Note: If we see a serious bull run that starts within the next week, we could see an ATH that follows the white vector. If XRP keeps moving sideways, look for a drop to somewhere between .12-.24 hopefully closer to .24.
What do you think?
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After a few months of development... I believe we will see a new higher low before an ATH (per the lifespan of XRP).Note
As predicted, we saw a bear run down to between .12 and .24. Luckily closer to .24. In fact, we saw about .23. In all reality, we may dip lower towards .12, but now it is time to set an ATH with a more realistic trajectory/trend line. Some time in 2020 I'm predicting a new ATH of about 7.20 USD or greater due to the massive accumulation time since the 2017 rally to 3.50 and consolidation back down. It may take some time tho. XRP is alive and kicking. HODL. Long from here for sure.
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