Charting the course of XRP

[XRPto50dollars]

8 hours ago, XRPboi said:

Love these. Please feel free to continue sharing 

if you spent $5000 on xrp back in 2017, it would have been worth $5.5 million dollars last year and still worth $416,600 today 

[baobeiiiii]

1 hour ago, XRPto50dollars said:

if you spent $5000 on xrp back in 2017, it would have been worth $5.5 million dollars last year and still worth $416,600 today 

if you spent $5000 on xrp back in 2019, it would have been worth $500.5 million dollars last year and still worth $40.16 million today (2025).

Edited August 15, 2019 by baobeiiiii

[Guest]

4 hours ago, PactaSuntServanda said:

I would like to see a prediction on a date for XRP to reach its ATH by @Molten. Just like Eric's 29th of November prediction. 

I'm sorry, I don't do predictions like that, at least with where we are right now.  Once (if) we start to rise in earnest and begin to take off, there might be something to go off of in terms of near term price action, targets and timing, etc.... but right now?  In the middle of this $hit storm?  Anything I predicted would be a literal guess.

I am on record saying here that I expect some clarity and significant price action by mid-late September.  I think this is when BTC will reverse its dominance and alts will start to rise.  It remains to be seen if this will be due to BTC dropping, alts rising, or a little of both.  I have said time and again that the best case scenario is that BTC takes off but that the alts start to rise even faster. 

Edited August 15, 2019 by Guest

[Guest]

2 hours ago, baobeiiiii said:

Any thoughts on the spectacular volume we are seeing with XRP?

I take it as a good sign that there was a lot of volume coming in to defend the lows.  I think we were manipulated down and there was a nice volume response. 

[Guest]

15 min chart XRPUSD.  We are forming a triangle that I would like us to break out of.  Even as I drew the pattern, we started to ascend out of it.  This would be bullish if we can continue to climb, although again I am expecting another test of the bottom.  Its an immature pattern and thus I don't put too much stock in it, but if it is accurate, then we should touch down to $0.25ish and then break out from there.

[Guest]

3 hours ago, Caracappa said:

As I said, not because of the peak prediction he makes, but the drop before the rise.

I personally don't believe there will be 1000's of new millionairs overnight. Parabolics have taken 3-4 weeks in the past and usually in multiple steps with pauses in between. Most will have sold far before it would reach $ 10,00 during those weeks. After which they buy back in higher again because they can't stand seeing it go up after they sold hoping to catch more of the wave and in effect contribute to the parabolic.

This is an important point.  Let's say MPC is right and this dip precedes a huge run.  Think about the psychology right now.  Everybody is freaking out, people think they have lost their investments, XRP is garbage. 

Thought experiment: if XRP pumps right now, how many will sell when they hit their dollar cost average?  How many when it hits $1.00?  How many right when it hits previous ATH?  $5?  Most will have dumped long before (if) it hits double digits.  So, its not instant millionaires.  It's a bunch of people who booked smallish profits and a few people with steel in their guts and a few more who lost their Nanos or forgot they owned XRP at all.

As for MPC's prediction, I think its hard to say that the past will exactly repeat itself again, so I don't put much stock in the actual price prediction.  The general pattern?  History doesn't repeat itself, but it often rhymes and so I can buy the general idea.  In fact, I think it a likely scenario. 

[Guest]

BTC still looking good, bounced nicely off of support and continues to climb.  Probably was a nice entry point yesterday....

[Guest]

Last chart for now, but an important one, I think.  Do we all really believe that many short sellers are all right?  If the price nudges up, even just a cent or two, the short squeeze is on.  This is what capitulation looks like..... and this is how explosive rallies are built.

EDIT:  Fixed a mistake there where I conflated December 2018 for December 2017.  The chart still speaks for itself and usually short spikes result in price spikes. 

Edited August 15, 2019 by Guest

[baobeiiiii]

Cracking a 5 quid bottle of wine... hopefully something happens with price today and it doesn't just go sideways at this precarious price level for weeks...

More expensive wine will have to wait lol ;P

[Guest]

Going back to XRPUSD.  On August 5, we spotted a symmetrical triangle that I called to close around August 15-16 and to bring us either to $0.40 or $0.26.  That pattern turned out to be eerily reliable, so I feel OK about posting this. 

Looking at the 1H chart, we are forming another symmetrical triangle.  This one is smaller, and its price breakout really only correlates to 2-3 cents up or down, but it is set to break tomorrow around 9 am, to be weirdly specific.   So, looking for a break down to $0.24 tomorrow morning or a bump up to $0.28-0.29.  I much prefer the latter, as it might induce a short squeeze and rally up from there, but I rather think the former is more likely.  If so, that will represent our second touch of $0.24 and hopefully give us a good (and permanent) double bottom. 

Judge for yourselves...

[baobeiiiii]

I feel like we are at the mercy of whales... sideways action with low volume. At any moment it could break either way. 

[Guest]

4 hours ago, baobeiiiii said:

Cracking a 5 quid bottle of wine... hopefully something happens with price today and it doesn't just go sideways at this precarious price level for weeks...

More expensive wine will have to wait lol ;P

Hope that went down OK.  Usually have to spend around $20 in the US to get a decent bottle of red.

[WarChest]

@Molten, For those of us in Europe, 9am in what time zone? 

[Guest]

Edit:  Nope, wait, forgot Europe is later than here... 3 pm your time.

Edited August 15, 2019 by Guest

[baobeiiiii]

8 minutes ago, Molten said:

Hope that went down OK.  Usually have to spend around $20 in the US to get a decent bottle of red.

Cheers. It's going down well. If i end up in the 'drunk tank' i'll just blame the cheapness of the bottle.