XRP VS BTC - Comparing 2017 to 2019 - CryptoManiac101
This is not a TA, but something interesting I've observed happen back in 2017 Bull Run.
While in 2017 Bitcoin had one bull run, XRP experienced two bull runs (first in March 2017 and second in December 2017) and resulted in over 80,000% profits.
What is interesting about this chart is that we see XRP bull run just before Bitcoin took off, then while Bitcoin was producing over 1000% within 200 days, XRP just stabilized and consolidated until the end of Bitcoin bull run and took off again when Bitcoin was around $15,000 - $17,500
This is not necessarily the exact pattern we will see in 2019/2020 but it sure looks like a real possibility as we see somewhat of a similar trend where Bitcoin is just starting its upward trend and XRP is closely following it. If we were to see exact same pattern as back in 2017, we would see XRP have a massive pump in coming weeks, consolidate for few month at new ATH, and finish off strong with secondary bull run around December - February.
I'm not saying that this is the pattern we will see as it will also be mostly dependent off the banks and the timeline for the launch of XRapid based payments network, tokenization and speculation investors which all in all might simply result in singular massive pump at some point this summer.
While in 2017 Bitcoin had one bull run, XRP experienced two bull runs (first in March 2017 and second in December 2017) and resulted in over 80,000% profits.
What is interesting about this chart is that we see XRP bull run just before Bitcoin took off, then while Bitcoin was producing over 1000% within 200 days, XRP just stabilized and consolidated until the end of Bitcoin bull run and took off again when Bitcoin was around $15,000 - $17,500
This is not necessarily the exact pattern we will see in 2019/2020 but it sure looks like a real possibility as we see somewhat of a similar trend where Bitcoin is just starting its upward trend and XRP is closely following it. If we were to see exact same pattern as back in 2017, we would see XRP have a massive pump in coming weeks, consolidate for few month at new ATH, and finish off strong with secondary bull run around December - February.
I'm not saying that this is the pattern we will see as it will also be mostly dependent off the banks and the timeline for the launch of XRapid based payments network, tokenization and speculation investors which all in all might simply result in singular massive pump at some point this summer.
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