Ripple (XRP) makes all the gains for a whole cycle in a month’s time. In other words, the price corrects for the rest of the year as some investors take profit and others panic sell. While this may seem like a farfetched theory, it is surprising to see how Ripple (XRP) follows the exact same pattern over and over again as demonstrated by the chart for XRP/BTCabove. In 2017, Ripple (XRP) surged at the end of March and reached the peak of its cycle within a period of 26 days. For the rest of the year, the price corrected against Bitcoin (BTC) and reached a bottom around December that year.

The price then started to rise again in early January and reached the peak of its cycle again in 26 days. More surprisingly, it followed the exact same pattern of an aggressive fall within 94 days and is now following a steady correction phase of 110 days. Technically speaking, Ripple (XRP) has not bottomed out yet according to the charts above. However, if these fractals are any indication, the correction is expected to complete in the next 9 days which will mark the end of a 110 days steady correction cycle.

RSI conditions for XRP/BTC are already in oversold territory on the daily chart. However, further downside is likely as Ripple (XRP) will have to complete this cycle before the next one can begin. Ripple (XRP) is still the third largest coin by market cap with a lot of community support. XRP investors are very confident in the long term potential of the project as they believe that more and more companies will use XRP for liquidity sourcing in the future. This simple case for supply and demand favors Ripple (XRP) bulls who expect big banks and financial institutions to replace their nostro accounts with XRP using Ripple’s X Rapid service.

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