XRP is ready to start a big run. Did we say ‘big run’, we meant to say ‘explosive price action.’ Our XRP forecast 2023 is well underway!
Crypto investors in our crypto investing research service were alerted about an exceptional opportunity in XRP, more specifically on March 19th, two days before the big XRP run started.
This is what we wrote back then:
We believe that the risk/reward potential in XRP is among the best ones in the crypto space nowadays. The chart support structure is so strong that it offsets the risk and turmoil in broad markets (banking crisis).
The risk/reward is really good in XRP, among the best in the crypto space currently, justifying increasing existing allocations or initiating new positions.
We presented members with multiple XRPUSD and XRPBTC charts, all confirming the same thing: a big move in XRP is about to start any moment.
The very same day, we published in the public domain XRP The Most Beautiful Long Term Crypto Chart Of 2023. It may seem that we are giving tips away, for free. That’s partially true, but the key tips for success are reserved for premium members. Hitting great entries is one thing, knowing where and how to exit is much more complicated. In our March 19th alert called ‘Is XRP about to stage a secular breakout‘, available in our crypto research area, we gave a very clear exit strategy along with our BUY alert.
In this public post, we pick out one chart, the one on the longest timeframe: XRP weekly since inception.
It couldn’t be clearer: an epic support structure is being created ‘as we speak’. Equally important, is how XRP is now flirting with the 2 year falling trendline. In fact, XRP is breaking out right now.
We can see the breakout when we zoom in. Above is the weekly XRP chart, below is the same chart on the daily timeframe.
What do we see? An epic breakout!
The 2 year falling trendline is cleared since Tuesday, March 21st.
How high can XRP go? It’s very simple, the numbers that come into play are 0.89 followed by 1.79 and 2.77. The first two targets come close to the horizontal trendlines on the charts (above and below).
Are we saying that XRP will hit 2.77, for sure, short term? No! That’s not what we said.
What we are saying is that the first target will be 0.89. Depending broad market conditions, depending crypto market conditions, depending the structure of XRP’s chart when it will hit that level, depending the status of the SEC/XRP lawsuit, we will learn if it has enough fuel to reach those higher targets and how much it will need to do so.
What to think about the fact XRP has essentially ‘done nothing’ in the last 5 years, other than bouncing in a wide range, while many other tokens trade 10x above their pre-Covid levels and pre-2017 levels?
It’s very simple: the longer an orderly consolidation, the higher the upside potential. It’s a very easy dynamic, however extremely difficult to understand and apply. We believe that 99% of investors don’t understand it and are not able to apply it as a portfolio principle.
Here is an illustration of the thinking: “XRP is dead since 2018 and did nothing the last bull run. Don’t miss the bull run by holding on to XRP.” (source). It’s the exact opposite. No, we won’t do any effort to explain this to anyone, those who are willing to spend time to understand charts, consolidations, structure, market dynamics, will benefit from their time investment. They will be rewarded, provided they also know to recognize invalidation.
With that said, invalidation of our bullish call: a drop below 0.33-0.36 for 5 consecutive days.
In closing, astute readers and responsible investors should ask the question: how to mitigate the SEC lawsuit risk against Ripple?
Very simple, there is an easy way around it. An entry and exit strategy to mitigate the SEC/Ripple risk while leveraging the opportunity that is present on the chart.
How exactly? That’s what we explained in our March 19th alert called ‘Is XRP about to stage a secular breakout‘, available in our crypto research area. You will have instant access after signing up.