Market Analysis

XRP Members Breakdown (11/12/19)

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.
XRP 2014 Fractal

XRP 2014 Fractal – click for fullscreen

XRP 2019 Fractal

XRP 2019 Fractal – click for fullscreen

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