$XRP is likely to go through these three steps:
Step 1, sideways consolidation. Let retail investors guess the direction, spike up and down to blow up contracts, and first clean out the leveraged players.
Step 2, create panic. Suddenly crash the market to make retail investors think a bear market has arrived, forcing them to cut their losses and exit.
Step 3, ultimate harvesting. Violently drive the price up to 150,000 for Bitcoin, and when retail investors rush in to catch the falling knife, directly crash the market to complete the harvest.
The current timing is very delicate:
- The trade war is coming to an end
- The Federal Reserve is about to cut interest rates
- Market sentiment is starting to stir
The main players have struggled to pull the price up, and it is unlikely they will let retail investors in with a pullback opportunity. The greater possibility is to directly drive it up explosively, waiting until everyone feels the bull market is here, then catching them all in one go!