One of the most unique charts in the entire Cryptocurrency market, XRPBTC produced very little retrace after its major late 2024 bullish breakout and recovery. This small retrace is a signal of strength. When prices produce a strong advance but fail to move deep once the advance is over—consolidation happening at high prices—this is one of the strongest signals the market can offer.
XRPBTC started at a low of 674 satoshis in mid-November 2024. The peak happened two months later at 3419 satoshis. Mid January 2025. Now, the retrace lowest point in June was 1928 satoshis. This is 185% higher compared to the November 2024 low, that's what I mean by strength.
The fact that there wasn't strong selling pressure after a 400% bullish wave, signals that participants are ready to hold long-term. And this is a great choice, people are smart. They are holding because they know XRP will continue to grow.
When it comes to Fibonacci retracements, the correction found support right at 0.5. When the market is weak, it tends to move below 0.618 and reach 0.786 or lower before recovering.
The rounded bottom is already in and the candles are starting to curve. Three weeks green, we can expect XRPBTC to produce a new wave of growth. The targets can be found on the chart.
Namaste.
XRPBTC started at a low of 674 satoshis in mid-November 2024. The peak happened two months later at 3419 satoshis. Mid January 2025. Now, the retrace lowest point in June was 1928 satoshis. This is 185% higher compared to the November 2024 low, that's what I mean by strength.
The fact that there wasn't strong selling pressure after a 400% bullish wave, signals that participants are ready to hold long-term. And this is a great choice, people are smart. They are holding because they know XRP will continue to grow.
When it comes to Fibonacci retracements, the correction found support right at 0.5. When the market is weak, it tends to move below 0.618 and reach 0.786 or lower before recovering.
The rounded bottom is already in and the candles are starting to curve. Three weeks green, we can expect XRPBTC to produce a new wave of growth. The targets can be found on the chart.
Namaste.
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🚨 FREE PREMIUM Trades + Top Results
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
(Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
(Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.