Historical data suggests that XRP has formed a major long-term reversal approximately every 393 days on average. Across these cycles, the average bearish decline has been about 70%, while the average bullish advance has been roughly 730%. The data also indicates an alternating pattern in which 500%+ rallies are separated by a smaller rally of around 200%. If this historical cycle continues and my calculations are accurate, XRP may be nearing another major bullish reversal within the next 70 days.
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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.