XRP has been range bound for most of this year. However, things might change in the not too distant future. This 4 year bullish pattern should be able to push XRP to much higher levels. It is a question of WHEN, not IF, according to us. Our forecast is for XRP to move at least to ATH in the not too distant future after which it becomes a ‘blue sky’ type of play.
The chart we feature in this post is the weekly XRP chart on 5 years.
The chart pattern we feature on the chart is a bullish reversal.
Charting 101: bullish reversals, once confirmed, are really powerful. They have the ability to push the price higher than expected, and they have an acceleration point once certain levels are cleared.
So let’s address the 2 questions that come up as it relates to this long term XRP chart:
- Is this bullish pattern confirmed? The answer is yes, you can count the number of ‘touches’ pre and post 2019. Indeed, four touches on each side. It can’t get more confirmed than this. Only a really bearish event in crypto markets can break this setup.
- When does acceleration kick in? Any time, as of now. All we need is a minimum of momentum in crypto markets.
That said, we can only encourage XRP holders to hold those tokens tight. Not only is this bullish pattern going to turn rather explosive in the not too distant future (it is going to ‘moon’ to use crypto terminology). Equally important, there have been a series of airdrops for those holding XRP on 12.12.2020 and there is another airdrop coming up for those that hold XRP on 12.24.2021.
In our premium crypto investing research service, the first in the world since early 2017, we have always been fans of XRP. Most of our members were holding XRP on 12.12.2020, and they will have received 3 airdrops 12 months later. Free money, it’s one of the ways our premium members benefit from our research.