Long

XRP moonshot $161. Macro analysis from 2014-2021 with confluence

Updated

XRP really seems to have been in its own cycle and patterns this entire time. We are just over ~420 bars since the high earlier this year. It was at this same point in 2018 where we went to ~$3.22 ATH. Using fib analysis beginning in 2014, we see the cycle top was the green 50.618 fib having its orange 0.618 of that respective smaller cycle at the green 30.618 fib, occurring over about a 2 month window of time from March-May 2018. The bottom of that cycle was the orange 1.618 from 2014. You can see the confluence between the macro cycles when comparing the macro fib channels.

This gives us three important levels for XRP.

XRP top will be at the orange 50.618 fib -- $161.
XRP bottom will be ~5 or the orange 1.618.
XRP key support will be at the orange 3.618 fib .
XRP 0.618 retrace will be at the orange 30.618 fib - or $95.

Note

Note also, the green dot on the weekly about halfway through on both cycles indicating a weekly bottom. Then, both cycles had a lesser green dot on the momentum wave at the same place just before mooning.

Money Flow Index is also positive.

Note

This is a fuller view of the pair showing BULLISH DIVERGENCE on the MONTHLY chart.

tradingview.com/chart/Ch89YUIY/

soundscapesss

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