Long term overview (currently $0.22)
Key price level: $0.50Looking 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.
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- 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.
XRP 2014 Fractal: click for full screen[/caption]
[caption id="attachment_11709" align="aligncenter" width="2436"]
XRP 2019 Fractal - click for full screen[/caption]
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