Sharing my 2024 XRP trade and future XRP trade

[Benhouse]

https://s3.tradingview.com/snapshots/h/heiUWqin.png



Sorry for the link I didn't find how insert my graph without an url image. You will find my vision on xrp.

We're currently in a monthly consolidation, with a really clean cup and handle at the
end of the pattern. That cup is fractal by the way, you can see it on several
timeframes.

I was in back during the accumulation around $0.55, sold it of course, but here is
the scenario I'm waiting for. We broke out on the monthly, that was the buy signal.
Now I'm waiting for a buy zone on a monthly retracement, so yes, a very long wait,
somewhere around $0.50-0.60. For me that's THE zone that restarts the market.

Just be aware it can chop around in there for weeks or months before going back up
and taking out the ATH.

[jossiel]

Sorry for the link I didn't find how insert my graph without an url image. You will find my vision on xrp.

It's because newbies won't post the image on threads and that's why url is what you can do for now.

We're currently in a monthly consolidation, with a really clean cup and handle at the
end of the pattern. That cup is fractal by the way, you can see it on several
timeframes.

I was in back during the accumulation around $0.55, sold it of course, but here is
the scenario I'm waiting for. We broke out on the monthly, that was the buy signal.
Now I'm waiting for a buy zone on a monthly retracement, so yes, a very long wait,
somewhere around $0.50-0.60. For me that's THE zone that restarts the market.

Just be aware it can chop around in there for weeks or months before going back up
and taking out the ATH.

I think that it can also be back to $0.3 and that will be the period where many will start to accumulate.

But this is a good analysis you have and accepts that it can go as low as $0.5/$0.6.

History can repeat itself with XRP as well that it took 2 cycles for it to recover.

[Slow death]

From what I've been following about the price of XRP, it has been falling month after month since last year when it reached $3, but consider the following:



Observe what happens from 2021 to 2025. The price remained low for 4 years, meaning that those who bought at the peak in 2021, around $1.98, had to wait 4 years for the price to recover, and probably many of them without much hope. And when the price finally recovered in 2025, the increase wasn't significant. We can argue that during the period from 2021 to 2025, when the price dropped significantly to $0.60, people could have bought and held, profiting greatly when the price recovered to $3.60.

Yes, it's true they could have done that and profited a lot. But they could also have bought at $0.60 and the price never recovered again. For example, the price fell from $3.60 last year to just $1 now. This isn't just any drop; it's a big drop that may never recover to $3.60. So I ask myself: why take the risk of buying XRP when you can buy Bitcoin, which is safer and also profitable?