This here is my long term outlook on XRP for the coming YEARS. Price is currently hovering within a tight range and has been so since May 2022, at a similar time to where majority of the Crypto market including Bitcoin crashed.
There are 2 possible scenario's here which we could take a play on:
1. XRP is currently ranging within its accumulation zone, where institutional buyers such as investment banks and hedge funds are placing their long term buying orders. This includes DCA (Dollar Cost Averaging) in case XRP prices drop lower.
2. The second scenario is price action is trapping early buyers into the market. We could possibly see a liquidity sweep of current lows ($0.122) sometimes towards the end of summer. This'll be caused by a black swan event, which no one knows about yet.
There are 2 possible scenario's here which we could take a play on:
1. XRP is currently ranging within its accumulation zone, where institutional buyers such as investment banks and hedge funds are placing their long term buying orders. This includes DCA (Dollar Cost Averaging) in case XRP prices drop lower.
2. The second scenario is price action is trapping early buyers into the market. We could possibly see a liquidity sweep of current lows ($0.122) sometimes towards the end of summer. This'll be caused by a black swan event, which no one knows about yet.
Trade ativo