Before the XRP bull run in December of 2017, you can see it was in a descending wedge formation (in blue) followed by a channel in pink.
Based on the artifacts from 2017 and some recent similarities now in 2018 I believe XRP just entered the channel formation and is repeating just as it did in 2017 but on a 2x day scale.
The institutional investors and market makers are finalizing regulations and in an accumulation phase (the pink channel). Once the tax season is completed they'll begin new investments into this new asset class.
I know it's not what people want to hear but I believe we have 5 months left of a sideways market.
HODL tight.
Based on the artifacts from 2017 and some recent similarities now in 2018 I believe XRP just entered the channel formation and is repeating just as it did in 2017 but on a 2x day scale.
The institutional investors and market makers are finalizing regulations and in an accumulation phase (the pink channel). Once the tax season is completed they'll begin new investments into this new asset class.
I know it's not what people want to hear but I believe we have 5 months left of a sideways market.
HODL tight.