WheretheStreets_HaveNoName

Axelar (AXLUSD) has yet to see significant movement this cycle unlike alts, especially the other coins related to XRP ( XLM , SOLO , COREUMUSDT ). As the market cycles into the lower caps I suspect AXLUSD and DIAUSD (both related to Ripple) to move. AXLUSD is showing an golden approaching golden cross on the daily with the 21 day SMA about to cross up through the 255 day SMA in the next week. The last time this happened was November 2023 after which AXLUSD did a 4-5x in the following months. I expect a market cap for AXLUSD between $5-$10 B by 2026 to make it comparable to peers such as COSMOS & DOT although AXLUSD current inflationary tokenomics are not appealing.

XRP on the 4 week chart looks bullish and may be at a tipping (aka inflexion) point along an exponential curve about to moon upwards quickly over the next few 4-weekly bars. - the higher openings and higher closings have continued over the past three bars. - the recent low was set over the July 4th weekend and was not retested during the Aug 2-5 crypto & equities rout of all the other coins. Most other coins set much lower lows in August in comparison to July but XRP did not. - the bar starting July 15 is a major decision bar! And it was green! And it's now followed by another green bar! This bar included the lows over the Aug 2-5 weekend and the highs due to the settlement on Aug 7. Usually a green decision bar is followed by much greater highs.

Viewing the XRPUSD weekly chart we can see the long term stability of this token. The price bars have been hidden with only the 21, 55, and 233 SMAs displayed. Only in the past month (July 2024) have all three of these SMAs 1) pointed in the same direction, have similar slope, and 2) are closely coupled together, have minimal variation/spread.

As is known, XRPUSD has been trading within a range since its ATH. Zooming out to the 6 week chart it seems that the triangle based on the highs is now - potentially - ending, or at least doing so this year. The close of the triangle based on closing/opening prices likely after the next halving. Orange line - base. Red line - closing/opening prices. Blue line - highs. That's 59 6 week bars or over 2400 days... now closing? I have no idea how high a price rises after breaking out from a ~7 year triangle.

Do these look like correlations? 1. XRPUSD vs XAUUSD, 1W (top chart). - gold and XRP flat prior 2019 notwithstanding XRP's 2017 bull run spike. - gold increases 2019, moves flat 2020-2020 while XRP rises during last bull run. - separation occurs late 2022 with gold increasing since. Will XRP catch up? 2. XRPUSD vs T10Y2Y US treasury yield curve, 1W (bottom chart). - long term decline in curve to about Aug 2020 then increases to match XRP's price at top of last bull run. - curve then declines and inverts matching XRP's drop and flat movement since last bull run. - curve un-inverting and XRP recently increasing? If rates are cut, are we going to see the curve un-invert, gold pump, and XRP spike above its ATH?cointelegraph.com/news/bitcoin-price-3-months-copy-gold-bull-run-analyst

The BTCUSD / XRPUSD price on the weekly chart is showing a very serious reversal of the trend that started a year ago. Ever since dropping after the initial spike following last July's SEC XRP ruling, the BTC price then outperformed XRP in the lead up to the ETFs. This is evident on the weekly chart with a 21 day SMA 2 SD close bollinger bands as there is now a > 11.5% decline this week pushing below the BB middle basis. This suggest further upcoming declines in this ratio meaning an increase in XRP's price relative to BTC. If BTC remains in the $57k range, the BTC/XRP price ratio may drop to ~95k which would be approx. $0.60 XRP price, or over a 55% rise above the July 4-5 lows in under three weeks.$0.60 check! Three weeks? No, <5 days. 95K ratio, nope, still ~108K.New prediction: 72 within a week. Afterwards, retracing to high 50s over the following month.

Viewing BTC weekly with 55-day SMA bollinger bands suggest a cup and handle forming. The previous bull run high in 2021 to the current year's high forms the cup. If BTC loses support at current levels a handle may form stretching down to $40K and not recovering to +$60K until late Q4 '24.Looks like I under-estimated how long BTC would trend sideways before declining. Although BTC did test the mid $50k range around the end of April, the price then recovered to create a double top inverse head and shoulders. We are only now (early July '24) seeing mid $50k prices.