UTC-05:00,Wednesday , November 13th 2019

Analysis: XRP's Fractal Coiling At An End; Profitable Prospects In Near-Term

12:13 Sunday , November 10th 2019
According to AMBCrypto, XRP's price has been consolidating for quite a while now. Even with the Swell conference and major announcements made during the XRP Japan Meetup, the price seems to be dead in the water.
As of 17:11 UTC on Nov 10, the price of XRP was $0.2823, with the price coiling in the $0.31 to $0.22 range for 55 days. Looking at the daily charts, the coiling seems to be at an end, ready for a spring upwards.
The price of XRP was exhibiting the repetition of a falling wedge fractal which has been forming since mid-2017. In 2017, XRP surged violently from $0.02 to $0.40. This was followed by two falling wedges with a decreasing blow-out. The price consolidated from September 2017 to early-December 2017. Towards the end of 2017, coupled with hype and mania, the price violently surged from $0.20 to $3.35, a 1557% increase in price in less than a month.
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