Note the Fib Channel lines from Q1 2021. Then the Fib Channels between those lines and where the 0.618 of those intersect with the price. Where the price goes, no dumb $ really knowns. It has certainly been a rough road for HODLers.
What I find most interesting is the fact that the price did a "rise, retrace, continuation" at the macro 0.236, maybe twice. The X-A-B portion of the Gartly pattern may be a larger "rise, retrace, continuation".
Price may not go far below $0.55 for long, but definitely expect a retest. Last year Ripple's escrow put 1billion(?) XRP on the market them moved 700million(?) back to escrow causing the price to dip down to $0.30, so buckle up for Q1 2024.
There is an intersection where the center of one of the pitchforks meets a 0.618 (golden line) on Dec. 25th. It is likely bait for dumb $. I think we have already seen the "Santa Clause Rally" in other tokens. I have set an alert in case price moves up.
Time will tell where XRP goes. I speculate XRP stays above that 0.236, $0.55.
What I find most interesting is the fact that the price did a "rise, retrace, continuation" at the macro 0.236, maybe twice. The X-A-B portion of the Gartly pattern may be a larger "rise, retrace, continuation".
Price may not go far below $0.55 for long, but definitely expect a retest. Last year Ripple's escrow put 1billion(?) XRP on the market them moved 700million(?) back to escrow causing the price to dip down to $0.30, so buckle up for Q1 2024.
There is an intersection where the center of one of the pitchforks meets a 0.618 (golden line) on Dec. 25th. It is likely bait for dumb $. I think we have already seen the "Santa Clause Rally" in other tokens. I have set an alert in case price moves up.
Time will tell where XRP goes. I speculate XRP stays above that 0.236, $0.55.