Technical analysis by CryptoColugo about Symbol XRP on 4/18/2024

Hello friends, XRP is dropping again but you can not change the market cycles. In the following charts I will give you my thoughts on xrp and why I think we can reach 4 dollar in a not to far future. First of all let’s check out data: From December 2013 till march 2017 we were trending down, that was about 1200 days. After that we saw a 35000 % rise! After the bullrun we again started the downtrend from January 2018 till December 2021, about 1113 days. We then went up 700%! From 2021 till now about 1100 days we are moving slowly up but no real bullrun yet. This Is why I don’t mind holding for the real bull run! I expect XRP to see this run this year. My targets are between 4 and 7 dollar. I just measured the price if we went for a run for only 700%. iF we start a super cycle like in 2017 yeah then this 4 dollar is just the first wave.. But we stay realistic and see what brings us. What also is interesting is the XRPBTC chart, let’s check out that data: In a timeframe of 10 years we only touched the major demand zone (support) 4 times and now for the 5th! We bounced from there; 1700% 5000% 500% 500% The question is how much will we bounce and when? This nobody nows but I think we are getting close!