XRP price will catch up with Bitcoin and Ethereum to make a new all-time high at $5


The following article contains price and date projection analysis utilizing the methods of W.D. Gann and other traditional forecasting methods. XRP is the third of several articles highlighting this style and approach of technical analysis. The purpose is not to target a specific date nor a specific price. Instead, the goal is to identify a range of time in the future, which is highly likely to be a turning point for any trend or corrective move. Additionally, the second purpose is to identify a price range and value area in that same time period.

Confluence zones

XRP/USDT Price Clusters

How are future XRP price levels determined if they have never traded at those price levels before? A series of different types of analysis should be completed to speculate and project a future price range. For this analysis, I will be utilizing Elliot Wave Theory, natural harmonic values found in the light and sound spectrum – specifically the methods by the great Gann analyst, Tony Plummer (The Law of Vibration, and The Life Cycle Hypothesis), Gann's Square of 9 and Fibonacci Expansion zones. The result of this analysis shows a cluster of price ranges, all with the same value area. They are as follows:

$5.16 – Gann Planetary Line of Chiron (180-degree)

$5.21 – 161.8% Fibonacci extension of Wave 1

$5.12 – Major Octave of 'Do' (harmonic ranges in music), also the final major Octave of 32

$4.96 – 270-degree Gann Square of 9 angle

$5.05 – 261.8% Fibonacci expansion of interior swing

A quick note about the XRP price chart used. A Point and Figure chart was used to identify essential swing structures instead of the candlestick chart. Point and Figure charts can help reduce the 'noise' in Japanese candlesticks and give a more precise structure. However, it is challenging to determine Elliot Wave and swings of importance on a chart like the XRP price.

Time Cycles

XRP/USDT Time Clusters

In addition to projecting XRP price levels in the future, the same approach can be taken with time. For time cycle analysis, most of the analysis comes from Gann's work in major and minor time cycles and his use of astronomical cycles. The time studies are further supplemented with the Ichimoku Kinko Hyo system's Time Principle and Hurst Cycle Analysis.

There is a massive confluence of time cycles between January 17th 2022 and February 1st 2022. Some type of extreme high or low will likely be found in that date range, with the ultimate breakdown or breakup occurring a few days before or after February 1st.

The time clusters include the following time cycle analysis methods:

Gann's Square of 9 dates.

Gann's Cycle of the Inner year day counts.

Mercury Retrograde Cycles

Lunar Phases

Lunar Apogee/Perigee Phases

Mars Quintile Saturn

Earth Opposition Pluto

Putting it all together

XRP/USDT Time and Price

The projected new all-time highs are around the $5.00 to $5.21 value areas.

A swing low could develop in mid to late November, but a test of the new all-time highs in the $5.00 region could occur in late January 2022 to early February 2022 – specifically after the February 1st to February 2nd dates.

              

 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Cryptos feed

Latest Crypto News


Latest Crypto News & Analysis

Editors’ Picks

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Crypto bulls on winning streak pushing for more

Bitcoin price jumped this week after a shift in sentiment on Thursday when global equities went back in the green and investors favored riskier assets like cryptocurrencies. 

More Bitcoin News

Binance support for Polkadot parachain auctions could send DOT to new all-time high

At the Sub0 Conference representatives of Parity Technologies, DOT founders Gavin Wood and Robert Habermeier, confirmed that Polkadot is now ready to implement parachains, auctions and crowd loans on its blockchain network. 

More Polkadot News

XRP price awaits for volume to skyrocket to $2

A brief technical and on-chain analysis on XRP price. Here, FXStreet's analysts evaluate how Ripple bulls take control.

More Ripple News

Shiba Inu whales buy the dip after SHIB loses $600 million in market cap

Shiba Inu concluded a massive rally, and SHIB price plunged on October 14. Proponents were awaiting a Dogecoin flippening, however, SHIB dropped to 14th rank by market capitalization soon after. 

More Shiba Inu News

BEST CRYPTO BROKERS/EXCHANGES




Bitcoin Weekly Forecast: Markets revert to mean, but BTC price remains indecisive

Bitcoin price shows considerable strength after springing from the recent crashes. Still, it is uncertain whether the current bullish impulse will morph into a new uptrend or lead to a more profound decline.

Read the weekly forecast

BTC

ETH

XRP