Charting the course of XRP

[Elysium2030]

I think that was because of the SEC lawsuit.

This Black Swan event caused XRP to fall in panic and it took valuable months to recover. Without this event, the peak in this run would certainly have been higher.

[BarnBuilder]

23 minutes ago, mrhat75 said:

What bothers me is that out of all coins in like the top 25. XRP is the only one that not only didn't go at least 2-3x ATH, but only made it halfway to ATH.

Even if you admit that tech doesn't matter and crypto is ran by a bunch of retarded monkies, it's extremely frustrating that we were the only coin to fail so hard.

I just can't get over it.

ADA has dropped 61% (faster I might add), XRP 67%, DOT (72%), MATIC (72%), LTC (71%), DASH (74%), EOS (76%), XLM(65%), ETH (61%), LINK (72%), VET (79%), UNI (71%).  Out of all those hot running superstar coins, only ETH and ADA have outperformed.  Too me, XRP has performed miserably decent.

Sadly, the real loser is the winner (BTC 54%).  Some day that will change.

[MQB]

You’ll eat crow soon. You need a longer hike mate.

Edited May 29, 2021 by MQB

[xrp-nuke]

1 hour ago, BarnBuilder said:

Seoulite, 

I respect the fact that you are bullish.  I've held on to many things you've until the facts were otherwise.  The fact is that once the BTC weekly closes below the 21 EMA, BTC price has dropped precipitously for 6-8 weeks (50% of the time) or 13-18 weeks (49%).  One time it was 64 weeks before it regained that line.  Even I am more hopeful than this.  The losses from the 21 EMA are historically very significant.  Inability of BTC to hold a 21 week EMA is NOT good regardless of BTC's historical volatility.

The monthly chart was parabolic and overbought through March.  April flashed a significant price correction, and ended with a bearish Judas candle.  May speaks for itself and will establish a worse bearish candle pattern(evening star pattern). 

The fundamentals of XRP, ADA and any other coins may be bullish, but ignoring the fact they all trade with BTC is a huge mistake when the BTC weekly and monthly technicals said to get out of this market by 58K.  

Someone posted an Elliot Wave Analysis that showed XRP going from $2 back to .36 before proceeding to the ATH's we hope for.  I pondered that because its hard to understand how you go from .48 to 2 and back to .36.  Realistically, XRP's real long term support is in that range.  You can show it many ways.  Too me, BTC would have to fall back to 11-20K for this to happen or the SEC manage to inflict max damage.  It think its important to recognize this because when you calculate risk/reward of a long term position you should fairly evaluate the risk.  The realistic medium and long term downside risk is .26-.49.  I'm not saying it wont go to 10 tomorrow.  If you are going to get into XRP or stay in XRP keep this in mind as long as XRP is bearish.

I know this isnt hopium but these are the facts.  Show me bullish ones, and I'm all ears.  Your chart above is a fallacy because it isnt BTC.  The chances that it breaks away from the bearish BTC chart would take an alt coin season (hasnt started) or massively positive news on the SEC case (dont have).  ADA has massively bullish news and momentum and you can see how its performing.

I'll get my backpack and go take another hike now.

 

I was trying to tell that BTC matters for weeks, thank you fir putting this in better English with some TA 🤣🤣🤣

Once 20 is broken, we basically entering phase of bottom discovery and that can take any time and end up anywhere, even below 10.

I am half out of XRP driving waves, but as you said sell pressure is controlling market and all Twitter prophets once see that negative rate does noy matter, accumulation does not matter, institutions buys does not matter just suggest to HODL disconnect and enjoy sun 🤣🤣🤣 its sounds most same as if banks tells you not withdraw your cash.

Anyhow, tomorrow is the day of what will BTC do next

 

[xrp-nuke]

1 hour ago, mrhat75 said:

What bothers me is that out of all coins in like the top 25. XRP is the only one that not only didn't go at least 2-3x ATH, but only made it halfway to ATH.

Even if you admit that tech doesn't matter and crypto is ran by a bunch of retarded monkies, it's extremely frustrating that we were the only coin to fail so hard.

I just can't get over it.

Well, BCH performed almost same 🥺🤣🤣

[retep]

47 minutes ago, mrhat75 said:

What bothers me is that out of all coins in like the top 25. XRP is the only one that not only didn't go at least 2-3x ATH, but only made it halfway to ATH.

Even if you admit that tech doesn't matter and crypto is ran by a bunch of retarded monkies, it's extremely frustrating that we were the only coin to fail so hard.

I just can't get over it.

I lost count where i said that xrp is the worst performing top 10 coin ever. 

[BarnBuilder]

27 minutes ago, MQB said:

You’ll eat crow soon. You need a longer hike mate.

Ok.  Great advice. 

[Troote]

2 hours ago, MQB said:

You’ll eat crow soon. You need a longer hike mate.

@BarnBuilder is stating facts. Why on earth would he need to apologize for saying most coins are down 60-70% from their recent highs?

[xrp-nuke]

59 minutes ago, Troote said:

@BarnBuilder is stating facts. Why on earth would he need to apologize for saying most coins are down 60-70% from their recent highs?

Because some have constant failure in reality check, even if in the age of freely available data thar can be verified. I guess it easier to trust dude on the youtube rather than mine data yourself. Anyhow, this is how money change hands.

[RandyMarsh]

7 hours ago, xrp-nuke said:

33.9 is broken, 32 next and than 30, and than 🥺

34.5 is broken, 36 next and then 38, and then ...

[NMNR]

I deffo think we'll have one more push down to 30k before coming back up.

[artiom1988]

BTC looks similar to 2013

 

 

[xrp-nuke]

1 hour ago, RandyMarsh said:

34.5 is broken, 36 next and then 38, and then ...

And than fomed HL, but if it fails to break 40k... then 🥺

[Chookstar]

After reading everyone’s latest comments, the only thing I care about In the end is that the trend is upwards. And I mean for the whole market not any particular coin. So far that seems to be the case. And considering all the news, the technology, and the more institutional interest, I think that trend is going to continue. Time and patience will pay off IMO. 

[Seoulite]

6 hours ago, BarnBuilder said:

ignoring the fact they all trade with BTC is a huge mistake

Coins trade with BTC until they don't. If XRP always followed BTC then the XRPBTC chart would be a whole lot flatter than it is. At some point, XRPBTC will do what ETHBTC has done. They had 7 weeks of green candles, a 175% increase move. That is going to happen on our chart as well. I am so confident because of where we are in the range. We are well-below the 50% mark of the range, meaning that people buying here are buying at a discount, and sellers are selling at a premium. The smart money sells at the top, not the bottom. And vice versa. If XRPBTC was at the top, or even near the middle of the range, I would agree with you. But it's not. At some point we go up while BTC goes sideways or down. The only question is when.