XRP has been trading sideways near the $1.20 support level since the start of the year, a normal pattern for this cryptocurrency; historical data shows that during three-year sideways periods, gradual accumulation without emotional attachment can yield approximately 600% returns, with the current bear market being an ideal time for research and accumulation rather than expecting immediate price increases.
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XRP 🔥 BREAKING NEWS!!!Ajouté :
So after dropping to the mid $1.20 region for XRP, we did have a bounce yesterday and there's some very interesting breaking news you guys need to be aware of. Please remember nothing in the video is ever financial advice and if you do use the affiliate links below this video, I may earn a commission but at no extra cost to you.
And if you guys do want to support the channel, please do hit that subscribe button and right now XRP $1.32.
Still traveling sideways but still sitting right on the support we've been in basically since the start of the year. This is a very normal move for XRP as we've been discussing. Sideways action for XRP is something that XRP investors and traders have been very used to. The last time this happened, we had about a year of sideways action and yes, there was some times where we went significantly lower and some times that we bounced but for our sorry, three years, not one year, three years.
Throughout that time, if you just slowly accumulated, you paid attention but you didn't get too fixated on the emotion, you could have averaged about 50 cents just as I did and then came away with a 600% move. Now, I think something similar would happen again. I would assume that we will drop a little bit more from where we are right now, maybe approximately to this region about 75 cents and then a 600% move could take us to about the $5 region. That's if the same thing happened. If a little bit more happened, I still think my bull case would be about 10 to $12 but we'll have to wait to see if that plays out.
Now, with the breaking news that we've seen, we saw Brad Garlinghouse actually tweet the anti-crypto army was defeated by the courts, by the voters and by Trump. It never made policy, legal or political sense. Combating financial innovation only help protect those who wanted to keep it old, often broken system in place. That is of course him taking shots at the banks. We can see President Trump and his administration are building a future-proof digital asset market structure that can't be undone by the crypto haters. This marks the first time the president has publicly weighed in on crypto market structure since March. Now, this is important, guys, because right now we are in a bear market. Yes, this isn't going to affect the price like people are expecting. People are going to be like, "Oh, we're going to get this news.
The Clarity Act's going to pass, and then all of a sudden XRP is going to $10,000 before you can blink your eye."
That's not going to happen, guys. That's not how it never happens like that. So, let's get used to how the crypto market and XRP really does work. Right now, we're in a bear market. Now is the time for research and accumulation. Next phase will be probably sideways for a little bit longer, downward for the next couple of months, sideways, and then bull market again. And XRP normally surprises the market as to where and when it moves. But, if you're not in it for volatility and you can't sustain these sorts of times, then it's not for you, all right? Go away. But, if you do want to gain, like I said, 600% from an average buy price over the course of 3 years, then this is for you. But, guys, there's no guarantees, and you have to have that strong gut to be able to make it through. Remember, 600% moves in 3 years. That's 200% on average a year.
The S&P 500 on average moves 10%. And with that said, guys, if you do want to check this out, this is iTrustCapital.
And if you use my affiliate link, you can actually get yourself a $100 funding bonus. But, what on earth is iTrustCapital? Well, basically, they have an award-winning platform that enables clients to buy and sell dozens of cryptocurrencies and precious metals within a self-directed IRA. What does that mean? Well, it allows them to enjoy the full benefits of a tax-deferred and tax-free environment with low costs and no monthly fee. So, if that's something that sounds interesting to you guys, make sure you use the affiliate link below the video, and you can get yourself a $100 funding bonus. Now, with that said, we just saw some breaking news. CME Group launches 24/7 crypto trading today. Starting from the 29th of May, institutions can trade Bitcoin, Ethereum, Solana, XRP, Cardano, Link, X11, Avax, and Sui futures around the clock. This could start the liquidity.
Now, right now liquidity is focused on the AI trade on the stock market. Nasdaq up 32% in 58 days. S&P up 20% 58 days.
Russell up 22% in 58 days. This is where the money is going. But this money is going to look for somewhere to go. I believe first of all they might look at silver as silver is down a lot. Gold cuz that gold is down a lot. Then I think they might turn their eyes towards Bitcoin. This will happen in the next few months and then everyone will realize that this bullish news here is actually very bullish and then they'll act on it. But we have to wait patiently for that to happen. So I'll keep you guys up to date every single day whenever I see anything new. If you appreciate that, hit the subscribe button and I'll see you guys in the next one. Peace.
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