Hello my fellow XRP holders, lately there has been a lot of FUD, hate, and negativity around Ripple and XRP. A lot of this is just irrational behavior because of people setting their expectations too high and then being brought with disappointment when price action doesn’t go the way they have hoped in the short term.
However if you think like an institutional trader you can use this time of capitulation to accumulate this digital asset at a low price meaning more profit when the asset goes parabolic again.
The cryptocurrency market works in cycles, just like all markets in existence, they all go through cycles. Now I would like to show you a long term weekly logarithmic chart dating XRP price action back to late 2014.
the highlighted portion of the chart is when XRP went into an 812 day bear market after hitting an all time high of almost 3 cents. Once it crashed it sat at half of a penny in value for nearly 3 years which was about a -96% drop. Yeah, there was a lot of capitulation and negativity in the community at the time and people thought XRP was never going to go up again, but after a deep bear market, what happened?
A 7,328% parabolic impulse. Would have been really bad to sell during that time right? So what happened after the big impulse?
A 203 day consolidation phase which then turned into what? The almighty $3.30 all time high for XRP. So whats going on right now?
Currently we are in a 574 day bear market, now I don’t think its gonna take over 800 days like the last one because XRP has a lot more exposure and a lot more liquidity and definitely a lot more utility.
It just seems like we are repeating the deep bear market phase and we are just waiting for that one day where it just goes insanely parabolic again. Looking at history, I have no doubt we will go parabolic again, we just need to hold through the cycles and not capitulate!
Holding at times like this can very tough, but we know the reward that comes with accumulating and holding XRP for a lengthy period of time. Our day will come again. Stay strong. Be patient. With all the great news we hearing every single day, we know exactly where this ecosystem is going.