Here are the metrics/indicators i am using for the 2-day chart on the XRP token: Using an ascending channel starting from the low in 2017 to the high in 2017 of about $3.25 as the first huge increase of 60,000%. I am using a fractal for the possible outcome in 2024/2025 if XRP moves the same percentage of 60k% which would put the price between $21 and $153 for 2024/2025. the red boxes are accumulation zones with a breakout following. Please understand that there are a variety of reasons for this price action and one is the summary judgment in late March 2024 which could help. Also, We have the Bitcoin halving in April 2024 which may help altcoins rise. The low for XRP may be at the $0.17 range given more bad news with exchanges going insolvent or other hedge funds or even a tether run of some sort. We do have a few more interest hikes by the Feds which will most likely end in March or late 1st quarter. If nothing else is thrown into the mix we may be nearing the bottom for crypto in general sometime in early 2023.
note: the trendline from the bottom of 2017 to a possible $0.17 support is only speculative but if this turns out to be accurate then a great suport for a bounce after the accumulation we see in the second red box.
note: the trendline from the bottom of 2017 to a possible $0.17 support is only speculative but if this turns out to be accurate then a great suport for a bounce after the accumulation we see in the second red box.