The XRP chart has a very special setup, and according to us it is decisive. On February 29th, 2020 we believe XRP will have a very special message to the investor community, and we see early signs of this message. The shortest possible version of our interpretation of the XRP chart is: take your time to carefully read our XRP forecast.
XRP is one of the most controversial cryptocurrencies out there. There is a community out there on social media that is very vocal about their beliefs. Specifically, they believe that XRP is not worth investing because it was weak in 2019.
What we love about this situation is that it represents one of the most important pitfalls for investors. They believe narratives.
A narrative feels good, but the vast majority of narratives kill your portfolio (or leave you sidelined when that market shoots higher).
We warned our readers about the XRP narrative recently in Be Careful Listening To These Top 7 XRP Naysayers. A few vocal and influential people succeed in creating a narrative, and the herd just blindly follows the narrative because … well, because … because others say so and the narrative intuitively and logically makes sense.
At InvestingHaven we are very vocal about ‘the risk of the narrative’. It kills your portfolio, or leaves you sidelined when the decade’s most juicy market goes through the roof.
Think of the Tesla narrative a few months ago. Got it?
We are on record calling for the XRP narrative to not only follow Tesla’s path but overshoot it by large.
InvestingHaven is on record calling XRP the mother of all narratives. Time will tell, we don’t need any feedback at this point in time because we only have opinions right now.
To get the XRP chart right it requires quite some work. XRP is not only the market which represents the mother of all narratives, it also is the market with one of the most difficult charts to analyze.
Below is what we believe represents the ‘right’ XRP chart. It is the weekly chart. This set up has a message, and the message is one we have been discussing in our premium crypto investing service (the first of its kind the world since 2017) for many months now. There are 4 crypto alerts in the last 3 months that are absolutely must-read pieces for anyone interested to understand the real unbiased XRP opportunity: February 20th, February 13th, February 4th, and December 7th (2019). This latter piece was called “A must-read update about XRP” and will probably become one for history books after all is said and done. Sign up here to get instant access to those 4 must read XRP/crypto alerts.