XRPLargo
XRP bullish idea
I don’t know what’s going on behind closed doors at the Ripple office, but the chart certainly looks interesting.
Looking at the daily chart, we can see the price action is approaching a 36 (3+6=9) month old horizontal resistance/support zone.
“If you only knew the magnificence of the 3, 6, and 9, then you would have the key to the universe.” Nikola Tesla.
Going back to July 2023, we see the market exploded past key resistance, resulting in a ~97% gain in a single day. This indicates the market is closely watching that level.
There is also a successful break of a 4 month diagonal resistance, building up momentum.
On top of that, XRP could be coming out of an accumulation phase that lasted approx 800 days. ( 800 Days in crypto is 8000 days in normal life)
Let’s not forget that XRP is an ISO20022 compliant cryptocurrency.
Additionally, Ripple is listed on almost every existing exchange, making it accessible to buy for anyone on the planet and possibly beyond.
Moreover, CNBC's Fast Money streamed how to buy Ripple at $2.57 back in January 2018. With XRP currently trading at approx a 75% discount since then, it would need to pump by approx 370% to return to that level.
Overall, should XRP break the key level of ~$0.55, the next key zone would be ~$1.3.
Looking at the daily chart, we can see the price action is approaching a 36 (3+6=9) month old horizontal resistance/support zone.
“If you only knew the magnificence of the 3, 6, and 9, then you would have the key to the universe.” Nikola Tesla.
Going back to July 2023, we see the market exploded past key resistance, resulting in a ~97% gain in a single day. This indicates the market is closely watching that level.
There is also a successful break of a 4 month diagonal resistance, building up momentum.
On top of that, XRP could be coming out of an accumulation phase that lasted approx 800 days. ( 800 Days in crypto is 8000 days in normal life)
Let’s not forget that XRP is an ISO20022 compliant cryptocurrency.
Additionally, Ripple is listed on almost every existing exchange, making it accessible to buy for anyone on the planet and possibly beyond.
Moreover, CNBC's Fast Money streamed how to buy Ripple at $2.57 back in January 2018. With XRP currently trading at approx a 75% discount since then, it would need to pump by approx 370% to return to that level.
Overall, should XRP break the key level of ~$0.55, the next key zone would be ~$1.3.
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