Jayed

History says XRP's daily RSI is screaming "BUY THE DIP!" In my last chart, we looked at XRP's weekly RSI , which had just hit an all time historic low. But because it was an unprecedented move, there were very few data points to try to put the potential ROI into context. So today I'm having a look at XRP's daily RSI . Because there's a bit more noise in the daily RSI , I am being rather selective with my data points, and only looking at points when the RSI dropped below 30, rallied, then tested the RSI exponential moving average for support (which XRP has just done in it's current move) So.. as you can see, over the last two and a half years XRP's daily RSI has sunk below 30 before finding support above it's exponential trend 6 times (including the current move). From Dec 23 ’20 to April 25 ’21 XRP rallied 787% From June 22 ’21 to June 29 ’21 XRP rallied 44% From July 20 ’21 to Sept 6 ’21 XRP rallied 175% From Dec 4 ’21 to Dec 23 ’21 XRP rallied 58% From Jan 22 ’22 to Feb 9 ’22 XRP rallied 71% Excluding it's 2021 bull market rally (of 787%) the price, on average, rallied 88% from it's low. In contrast, the current move has only rallied by 37% (when it briefly tested $0.46, which occurred BEFORE finding support on the exponential trend). Looking at the most anemic rally this buy signal has given, that of the June 2021 rally, which only returned 44% and lasted 7 a whopping days, we can see that historically speaking, the best case scenario for bears, is that XRP will form a double bottom , retesting $0.33. While a double bottom is still highly probable (if not guaranteed) I see the potential trade as a question of taking a high risk short for a potential 18% downside vs a low risk long at the current range for a potential +40% upside. And 40% upside from here for XRP is actually incredibly cautious, as in every case (excluding the June '21 flop), the rallies broke at least one over head resistance range, which at the moment for XRP, it's nearest overhead resistance is at $0.58 (which we're currently 40% off of) with the next resistance range sitting at $0.68, which would represent a 110% bounce from the recent low of $0.33 & 71% rally from our current price of $0. 40 .

For those listening to people say "XRP is going even lower!" Apparently these bears aren't paying attention to XRP's weekly or monthly RSI . This is the first time in XRP's nearly 9 year lifespan that it's weekly RSI has fallen to 30, and as any trader worth their salt knows, an RSI of 30 or lower is premium buying signal. Which means XRP is flashing the biggest buy signal in it's entire history. This is the first time the asset has truly been under valued. This buying opportunity is further supported by the fact that it's monthly RSI only fell lower from the 2020 lockdown announcement, which gave investors the opportunity for a 7x return (in Dec 2020) and a 20x return one year when XRP peaked just shy of $2 in May 2021. When you take this signal into context with the fact that the FED officials have started voicing concern for maintaining their aggressive interest rate hikes, there's a lot of talk among trad-fi of gold and other commodities rallying. As history shows, crypto correlates highly to precious metals and other commodities , thus if Gold rallies, so too will BTC , XRP and the rest of the crypto industry. Even if the FED intends to increase interest rates in mid June, the dovish bluffing may at least trigger a strong relief rally, after the cataclysmic collapse we've experienced this year across virtually all markets. While this may not signal an end for the bear market, a strong rally (even on false hope) could confirm a technical bottom for XRP (and other assets) which have already experienced overly aggressive pull backs compared to the broader market. So I'm not calling for XRP to return to $2 any time soon, but I could see the June rally take us back to the $0.70 range or even back to ($1.20 if the FED delays it's rate hike at it's June meeting). Where the market tops in June will determine our trade range through Q3. XRP's technical structure suggests we will bounce between $1 and $0.56 (see my Wyckoff post from April). Ultimately this is just my current view on the market. I am not a financial advisor. Take my views with a grain of salt and apply your own perspective to what I'm seeing before making any investment decisions. While my track record has been exceptionally strong since early 2021, my record is far from flawless. May the trend ever be in our favor!

Wyckoff says XRP's in for a rough 2022, and an explosive 2023 Looking like XRP is ready to collapse back to the $0.64 range any day now and begin the ugliest phase of what will be remembered as a short 2 year bear market.

XRP Wyckoff's so much it's gonna go blind. While I'm posting this as "long" the chart obviously says we're going to form a double bottom , or go slightly lower than our recent $0.62 low. Everyone is talking about 'alt season' going into March, and as history shows "everyone" typically get these calls wrong. So I'm taking profits here & looking to re-enter near the double bottom . Could price fall out back into the $0.50s? Sure, but as I've made clear multiple times, I'm most interested in increasing my XRP position, as opposed to increasing my USD value. For all intent and purpose, XRP has been in a bear market now for nearly a year (arguably for 4 years now; as we never broke our previous all time high) so I'm more interested in bettering my position for it's 'inevitable' new all time high beyond the $3.89 range. So unless you're willing to lose your hard earned money betting on a random analyst's pipe dream, take my charts with a grain of salt. While all my wyckoff charts have been validated so far, there is no guarantee they will continue being validated. All patterns fail eventually. I'm not a financial advisor, this is not financial advice, I'm just some mad lad trying to make a living as a trader and using Trading View to create a catalogue of all my trading plays to document my journey to becoming a millionaire or a hobo.

XRP & Type 2 Wyckoff Accumulation Pattern I'm not really confident that this pattern will finish printing, but still wanted to share it. A sharp eye/individual who's familiar with the Wyckoff patterns will notice that the price violated the pattern at least twice, once near the AR and in our most recent leg up, when it ran straight to the resistance level & has now collapsed back down. Perhaps this is simply a sign of how bullish XRP investors are at this price range, that whales are struggling to pick up as much XRP as they'd like, w/o a rapid price rally. If that's the case then there's an argument to be made that the pattern's not going to complete. Instead whales will attempt to bring XRP down another leg, perhaps back to the $0.50 range, so they can meet their accumulation targets, before allowing the price to rally back to it's mean around $0.74. Still, $0.60 isn't a terrible range to fill up a bag of XRP. Just my opinion of course, not financial advice.

Fundamental & Technical Projection for 2022-24 I took a look into my crystal ball and this is what the chart & fundamentals look like.

Yeah, I know, it's a really busy chart. The fractal is XRP's fractal from 2017. Probably nothing. Not financial advice.Comment: $0.589 is ignition switch. T minus...

Where we sunk in quicksand on 12/4, we found bedrock on 12/21. Granted, there was nearly a 3x difference in the amount of volume between these candles' volume ($6.5M vs $2.5M), the price fluctuation is an order of magnitude less volatile. What this suggests to me is that the market has determined this sell off was either premature or dramatically oversold. Zooming out, it appears XRP has just been primed for a strong rally, back to around $1.25-$1.32 by Friday. I'm skeptical that we will break into/above the $1.38-$1.44 region on this leg up. It seems far more likely that we'll reject off the 10 year fib channel's .382 range. We will likely remain rangebound between $0.90-$0.98 & $1.32 going into the New Year. There's a strong case to be made that we should see continuation to the upside, after the end of Fiscal year 2022, as wash traders will no longer have an incentive to suppress prices, to exploit tax loopholes regarding wash trading, which rules still do not apply to the crypto industry at large. This is both why I am skeptical that we will break bullish (above $1.38) before the EoY, but also why I am skeptical that crypto's current bull cycle will be seen as having ended in 2021. Like many reputable investors/long term speculators I'm of the volition that the crypto bull cycle will see renewed fervor in Q1 2022, which will likely extend deep into Q3 before peak euphoria becomes blatantly visible. There's entirely too many variables which are providing tailwinds for the market to see continued growth, even in the face of a potential FED tightening. This is largely due to the inevitable flow of funds from (propped up) markets, into main street, which will drive wage growth, price inflation & pro-crypto/hard asset sentiment among the general population. This is not a time to be short sighted and fearful, but a time to be forward thinking & pro-active in preserving what wealth we have from the ever-more-apparent inflationary pressures which are bursting from every orifice of economies around the world.