Long term overview (currently $0.22)
Key price level: $0.50
Note: Shared with public and members. These charts are two different time periods, although price action on the charts is eerily similar.
Looking back to September 2014 where XRP began forming a rangebound price until April 2017. Price action was stuck, bouncing between $0.004 and $0.031 when a breakout occurred around May 2017. Comparing this with the current price action we’re seeing, it’s very similar.
Further backed by a proven statistic that XRP stays in an accumulation channel for around 65 weeks and the price being in the bottom of the long term buy zone.
- Our bias remains bullish over the long term.
- Both charts show a hard rally that declines into an accumulation channel.
- Rallies form rounding tops before breaking key price levels that go on to make new all time highs.