๐ ๐ซ๐ฅ๐ฃ ๐๐ผ $๐ญ๐ญ? ๐ง๐ต๐ฒ ๐๐๐น๐นโ๐ ๐๐ป๐ฎ๐น๐๐๐ถ๐! ๐
Tony "The Bull," a Level 3 certified Chartered Market Technician, has uncovered a chart pattern resembling the 2017 bull run that led to a staggering 900% surge in Ripple's value. ๐โจ
In a recent post on X, Tony shares his excitement:
"Imagine if it happened that fast, when everyone thinks they have months to years to accumulate #XRP. $XRP has formed the same 1M Japanese candlestick setup as late 2017, right before a 900% candle. Thin order books, unwinding of shorts, and FOMO can pack a powerful punch." ๐ฏ๏ธ๐น
Taking a trip down memory lane, the last time this pattern emerged in 2017, Ripple's price skyrocketed from $0.16 on Dec 8, 2017, to an impressive $2.70 by Jan 5, 2018. Fast forward to today, with XRP trading around $0.65, a repeat of history could propel the price to a whopping $10.96! ๐๐ธ
Adding fuel to the fire, anonymous Ripple whales are making waves with substantial on-chain transactions. On November 11, an unknown wallet transferred a staggering 425,807,780 XRP (worth $288.5 million), followed by another significant move of 424,307,758 tokens (worth $218 million) on November 12. ๐๐
The question on everyone's mind: Are these whales gearing up for an XRP God Candle move in the exchange markets? ๐ค๐ The rapid global adoption of Ripple and recent victories against the SEC are amplifying bullish sentiments. ๐๐
Zooming in on the daily Ripple price chart, there's more good news โ XRP has surged past its 100-day and 200-day moving averages, setting sights on the next key resistance at $0.80. ๐ฏ๐
Hold on tight, XRP enthusiasts! ๐๐๐ฐ
NFA DYOR ๐ค
