BullishCross
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🚀 XRP Bulls Are Back as Sentiment Indicator Signals Major Rally! 🐂
EGRAG, a top market analyst, has spotted a bullish cross on the XRP Average Sentiment Oscillator (ASO) after over two years, indicating a substantial rally in the next 275 days.
The ASO indicator examines the average percentage values of bullish and bearish sentiment. It consists of a blue line (bulls) and a red line (bears). When the blue line crosses above the red line, it's a bullish sign, and the red line crossing above the blue line is bearish.
Historically, the ASO indicator has been a reliable predictor of XRP's price movements. The last time a bullish cross occurred was in March 2017, and it led to a massive rally, taking XRP from $0.00525 to an all-time high of $3.31.
The ASO indicator is now on the verge of a third bullish cross, and it typically takes about 275 days for XRP to reach its peak after such a cross. While no specific price target is mentioned in this update, the analyst previously projected a 28,250% rally, which at the time equated to $149.
At present, XRP is trading above the $0.61 level, showing a 1.87% increase over the last 24 hours. Trade volume has decreased by 35%, currently at $1,092,004.
📈🐻💼 XRP Bulls are gearing up for a potential surge! Keep an eye on the market! 🚀💎📊
#XRP #BullishCross #cryptoanalysis #PriceProjections #Cryptocurrency #MarketSentiment 📈🐻🚀🔥$XRP
EGRAG, a top market analyst, has spotted a bullish cross on the XRP Average Sentiment Oscillator (ASO) after over two years, indicating a substantial rally in the next 275 days.
The ASO indicator examines the average percentage values of bullish and bearish sentiment. It consists of a blue line (bulls) and a red line (bears). When the blue line crosses above the red line, it's a bullish sign, and the red line crossing above the blue line is bearish.
Historically, the ASO indicator has been a reliable predictor of XRP's price movements. The last time a bullish cross occurred was in March 2017, and it led to a massive rally, taking XRP from $0.00525 to an all-time high of $3.31.
The ASO indicator is now on the verge of a third bullish cross, and it typically takes about 275 days for XRP to reach its peak after such a cross. While no specific price target is mentioned in this update, the analyst previously projected a 28,250% rally, which at the time equated to $149.
At present, XRP is trading above the $0.61 level, showing a 1.87% increase over the last 24 hours. Trade volume has decreased by 35%, currently at $1,092,004.
📈🐻💼 XRP Bulls are gearing up for a potential surge! Keep an eye on the market! 🚀💎📊
#XRP #BullishCross #cryptoanalysis #PriceProjections #Cryptocurrency #MarketSentiment 📈🐻🚀🔥$XRP
#etf #BTC🔥🔥 #BTCMove #BullishCross
I think there are only 3 things relevant right now and here are the 3 things.
The halving is coming with 100% certainty.
And as far as I can see, most of the selling of #BTC in the market is the bitcoin miners that have to sell in order to pay their electricity bills & pay their debt expenses & their operating expenses.
So that amount of selling pressure is going to be cut in half in a few months, so we know that’s coming.
And then we know there a spot Bitcoin ETF coming and when that comes we plug into Wall Street and the entire banking system.
And then finally that fair value accounting is coming and when that happens the objective will go away.
And now you’re going to introduce this as a conversation into hundreds of boardrooms.
They will not move in a week. They move quarterly but over the course of 12 quarters, you’ll start to see company after company looking at this & you’ll start to see a reallocation of assets.
At the end of the day, corporations only hold 2 assets.
They hold cash and they hold bonds and so if Bitcoin is available as an asset pari passu to a bond, then you’ll see a reallocation from bonds to Bitcoin.
And then in the institutional investor side, you’ve got all these people holding real estate, holding commodities, holding gold, holding ETF and S&P indexes and the like.
And if they start to reallocate and they will, 1% and 2% and 5%. Then you’re going to have something that has never happened in the history of the world which is you’ve got an ETF on a commodity that is scarce.
Every other ETF in the world is on an asset that is not scarce, it’s inflationary.
You can make more buildings, you can make more real estate, you can make more gold, you can make more commodities.
You can make $4 billion worth of any of any of those things.
The underlying producers produce more of the asset to deflate or to depreciate the price.
I think there are only 3 things relevant right now and here are the 3 things.
The halving is coming with 100% certainty.
And as far as I can see, most of the selling of #BTC in the market is the bitcoin miners that have to sell in order to pay their electricity bills & pay their debt expenses & their operating expenses.
So that amount of selling pressure is going to be cut in half in a few months, so we know that’s coming.
And then we know there a spot Bitcoin ETF coming and when that comes we plug into Wall Street and the entire banking system.
And then finally that fair value accounting is coming and when that happens the objective will go away.
And now you’re going to introduce this as a conversation into hundreds of boardrooms.
They will not move in a week. They move quarterly but over the course of 12 quarters, you’ll start to see company after company looking at this & you’ll start to see a reallocation of assets.
At the end of the day, corporations only hold 2 assets.
They hold cash and they hold bonds and so if Bitcoin is available as an asset pari passu to a bond, then you’ll see a reallocation from bonds to Bitcoin.
And then in the institutional investor side, you’ve got all these people holding real estate, holding commodities, holding gold, holding ETF and S&P indexes and the like.
And if they start to reallocate and they will, 1% and 2% and 5%. Then you’re going to have something that has never happened in the history of the world which is you’ve got an ETF on a commodity that is scarce.
Every other ETF in the world is on an asset that is not scarce, it’s inflationary.
You can make more buildings, you can make more real estate, you can make more gold, you can make more commodities.
You can make $4 billion worth of any of any of those things.
The underlying producers produce more of the asset to deflate or to depreciate the price.