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.

              

 

 

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Cryptos feed Join Telegram

Recommended content


Recommended Content

Editors’ Picks

Bitcoin Weekly Forecast: Assessing chances of one last bear market rally for 2022

Bitcoin Weekly Forecast: Assessing chances of one last bear market rally for 2022

Bitcoin price is in a good place to trigger another bear market rally from a high-time frame perspective. This development, combined with the optimistic outlook seen in on-chain metrics, further strengthens the possibility of a happy ending to 2022.

More Bitcoin News

Uniswap price could kick-start a 14% rally if it reclaims this level

Uniswap price could kick-start a 14% rally if it reclaims this level

Uniswap price has been following the broader market bullish cues over the last few days sustaining its rise from 48 hours ago. Although the sentiment seems to have shifted slightly, UNI holders can still book profits if the Decentralized Finance (DeFi) token climbs to this level.

More UniSwap news

ATOM price suggests bears are still in control for these reasons

ATOM price suggests bears are still in control for these reasons

Cosmos price is producing a countertrend rally after suffering a steep decline throughout the month. If market conditions persist, ATOM could wipe out newly established bullish positions. Key levels have been defined to gauge ATOM’s next potential move.

More Cosmos news

Cardano Price Prediction: A new yearly low before the bounce

Cardano Price Prediction: A new yearly low before the bounce

Cardano price has suffered a vicious downtrend move throughout November. Ss price consolidates, the technicals suggest a bounce occurs while on-chain metrics hint that investors are considering securing profits sooner than later.

More Cardano news

Bitcoin: Assessing chances of one last bear market rally for 2022

Bitcoin: Assessing chances of one last bear market rally for 2022

BTC is in a good place to trigger another bear market rally from a high-time frame perspective. This development, combined with the optimistic outlook seen in on-chain metrics, further strengthens the possibility of a happy ending to 2022.

Read full analysis

BTC

ETH

XRP