XRP Growth Potential: Consider The Monthly Timeframe
2024-11-24

Good afternoon my fellow trader, I would like to keep this one simple.

When we have such strong action as we are seeing now, the main doubt that comes to mind is always about duration. How long can this continue for? How far will it go? Can it continue higher?

This month we are seeing the biggest monthly session since November 2020. Notice the date. Exactly four years ago. Same month.

This month is ultra-bullish and we have super-growth, just like Crypto. This massive growth is never the end but only the start.

Looking back to November 2020, the ensuing month was red, December 2020 but only as a shakeout month before a major bull-market bull-run. We shouldn't expect something similar in 2024.

We can see some retraces and some swings and shakeouts, but not as strong as before. The market was weaker back then and the fight was till on. Crypto win, we win; XRP won. 

The XRP traders are quite loyal and love their project, knowing what is coming, they are not likely to be too anxious to sell.

EMA55 is relevant on this chart. XRPUSDT is growing super strongly above this level. Just to say, this is only the beginning.

 Any potential drops and retraces should be short-term events. Drops, down-swings, shakeouts and corrections are a great opportunity to buy-in, rebuy and reload.  This is a bullish chart, with a bullish pair with a bullish market; anything we do should be based on the knowing that the market is only starting to grow.

Shorting is out of the question. The market should be bought. Any leveraged position should be taken on the LONG side until the end of the bull-market. Corrections can be waited out or used to accumulate for long-term growth.

What I wanted to say is that this is only the beginning. With such strong growth, there is room for strong swings, but these should be fast and small. Err on the positive side. Err by being too optimistic and expecting the market will recover whenever it turns red. This will produce the best results by the end of the day.

Thank you for reading.

You are appreciated.

XRP is going up!

Namaste.