7 years have passed since $XRP showed good growth. After that we entered a wide range of $3.9 - 0.12

Few people look at the chart for the entire history. Numbers 1 and 2 indicate peaks within the range of 2013-2017.

An important fact is that after setting 2 maximums within a multi-year flat, in both situations the volatility #XRP🚀 falls - 2017 and 2024. Marked with a red ellipse. The red block marks the main volumes of the set of positions of a major player(s).

Since the project's capitalization has grown, we have been in the new range for 2674 days now, compared to 1316 days in the previous range.

Confirmation of the beginning of the exit from the range will be a sharp rise above $ 2. The chart above schematically depicts the exit in the past range and now. We have applied the Fibonacci grid to determine the new, maximum and possible range. This is 9.5- $ 32. The ellipse depicts the key point for the exit.

Right now on the monthly TMF the price has gone above all support levels. The last barrier is the range of 0.7-0.8$

This is what support and resistance blocks look like.

Conclusions:

  1. The entire volume is concentrated in the range of $0.16 - $0.54.

  2. XRP has been gradually moving out of this range this year.

  3. Above, only resistance remains, above which nothing holds the price

  4. To the nearest support 10% to resistance 30%

The deal is open.

#xrp #ripple #DOFA