I think we're entering a buyback point now after the devestation of the last month. The pressure curve is sloping more softly now and we're looking to go flat soon into a nice gentle trading range for the foreseeable. The next wave up could be in weeks, or months, who knows – wait for market signals. As usual for XRP, it's a "long" as all the media, news, events, fundamentals, momentum, etc is in its favour, more so than any other crypto. So buy back in GRADUALLY as the slope evens out and HOLD.
Personal prediction: XRP will be the no.1 cryptocoin by year's end, above bitcoin in "market cap" and FAR more importantly, 24hr avg trade/payments volume.
It took 24 days for it to get from the all time high to where it is at now. Could it take 24 days to go back up to where it was? Creating a cup and handle pattern?
Looks like Xrp wants to go back up again, pressure is building, could be imminent!
JonIn
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@JamesSE, Besides the TA I just posted, I think you are right. This might be what we are looking at the next month, one big cup, and we are at the bottom.
Cryptogreen
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I also agree, we've seen this price movement of XRP last year from may onwards, just on smaller scale.. Nice!
tradeformula
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@Cryptogreen, Maybe you can help me- I've tried to look at historical data (previous booms & crashes) with XRP. Last week I could see all of 2017. As of the past few days, i can only see from 5/19. This is really problematic for me, as I believe, as you said- previous crashes can inform our current position in the market. Do you know (or does anyone know) if getting a Pro account will provide this historical data?
Cryptogreen
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@tradeformula, I think it will.. Some guys posted here TA's of longer periods.. I can't see further back also..