📈 𝗫𝗥𝗣 𝘁𝗼 $𝟭𝟭? 𝗧𝗵𝗲 𝗕𝘂𝗹𝗹’𝘀 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀! 🚀
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. 🐂✨
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." 🕯️💹
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! 🚀💸
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. 🐋🌊
The question on everyone's mind: Are these whales gearing up for an XRP God Candle move in the exchange markets? 🤔📈 The rapid global adoption of Ripple and recent victories against the SEC are amplifying bullish sentiments. 🌐📈
Zooming in on the daily Ripple price chart, there's more good news – XRP has surged past its 100-day and 200-day moving averages, setting sights on the next key resistance at $0.80. 🎯📊
Hold on tight, XRP enthusiasts! 🚀🌕💰
NFA DYOR 🤝
