XRP Members Breakdown (11/12/19)

Key price level: $0.50

Note: these charts are two different time periods, although price action on the charts is eerily similar.

Looking back to September 2014 where XRP began forming a rangebound price until April 2017. Price action was stuck, bouncing between $0.004 and $0.031 when a breakout occurred around May 2017. Comparing this with the current price action we're seeing, it's very similar. Further backed by a proven statistic that XRP stays in an accumulation channel for around 65 weeks and the price being in the bottom of the long term buy zone.

• • Our bias remains bullish over the long term.
  • Both charts show a hard rally that declines into an accumulation channel.
  • Rallies form rounding tops before breaking key price levels that go on to make new all time highs.

[caption id="attachment_11710" align="aligncenter" width="2465"] XRP 2014 Fractal - click for fullscreen[/caption]

[caption id="attachment_11709" align="aligncenter" width="2436"] XRP 2019 Fractal - click for fullscreen[/caption]