THE TIME IS HERE, Ripple XRP Price Chart Meets Longest Bear Ever, And this is How it Went Last Time
[Music] hey what’s going on everybody this is the blockchain backer bringing you the latest cryptocurrency news and Analysis today we’re going to be talking about the xrp price chart it’s actually been a while since we’ve had an xrp dedicated video really it’s been about 2 months but obviously with all the action we saw throughout the week we got price action over here on the xrp price chart we got action over there in Bitcoin and it seems like we’re at a pretty critical price level and price time within the chart for the future to get decided here for xrp if you call my last video we spent a lot of time talking about Bitcoin that if there’s like a Saving Grace for it here and we just ignore everything macro wise for this moment in time and maybe things turn around in the stock market at some point and Bre opens up in there that looking at Bitcoin if some kind of surprise shows up and breath takes control of all markets that has been the thing that has led to expansion and right now with how much time we’ve been in here I’m not going to go through all this stuff again but if you caught the last video discussing that hey your fouryear cycle people you’re really not out of time and and really it hadn’t expanded yet by this time either when we followed along with something similar like this so there’s still that Saving Grace out there for Bitcoin but one thing I’ve been very vocal of for a very long time is is that xrp is tied to the rest of the market there’s all the flip the switch all the money the world’s going to run on xrp stuff and’s pretty critical of that because we’ve done a lot of research on this market and xrp has never had an independent Bull Run based on any type of narrative or any type of isolated event however it has definitely gone on bull runs when there’s expansion happening throughout markets but the thing we talked about in the last video about like signs that if bitcoin’s going to end up being okay what we’re somebody kind of like those early signs that showed up in the market outside of just really looking at Bitcoin because you’re not getting the same structure for Bitcoin up in here like you did in the past right but there were some events that showed up in the market that kind of gave a clue that Bitcoin was going to go into expansion and one of those things during this time period was that some altcoins started to catch a bid one of them being xrp like in the last video talked about Litecoin was one of those as well that these started to really kind of take off before Bitcoin actually got itself all the way back up and back into any actual expansion the early signals there came from a couple of altcoins and then you know you saw the rest of them get going well as we can see clearly in the price action that just happened over here in Bitcoin in the crypto Market over the Fourth of July holiday xrp’s price has taken another shift down to the downside but the question is is it all over is the gig up are we done and I really think a lot of it is going to depend on if we’re going to see recovery over here in crypto and if expansion is going to happen through the market we know that this type of price Behavior can happen in these time periods up in here we’ve seen these support areas hold and then there’s one final push to the downside that can happen up in here just losing all hope being at these highs for this long and what again that’s really very similar to what we have happening right now after really kind of holding for a while and holding and then there’s that final push and then the great expansion comes beyond that when we also look at this from the perspective of time and how much time we’ve spent in here since the peak came in we can see really that’s kind of about how much time it took for something like that to end up playing out when we start ourselves right here from the Pico top here we go there you go where things kind of hold themselves for a while in here and then oh no it’s not going to come back and really although that is quite quite similar and of course it’s one thing to take things and just say hey they look similar for the sake of they look they look similar but we have to also use it in like a similar context right were we up here spending months trying to get through the all-time high for Bitcoin yes we were was this happening regardless of Bitcoin even trying to do this yes but it did require the signal that this Market was all expanding xrp was not isolated in here you saw it was Litecoin Dash Monero ethereum everything’s going in this moment just like xrp topping over here with Bitcoin back in 2013 just like X xrp taking off topping with Bitcoin over here and just like xrp gone off and Topping with Bitcoin over here it’s still required that the market was going to go into expansion so kind of like Bitcoin it’s there it’s kind of like at the make or break moment if the magical unicorn fairy dust or the Puppet Masters pulling the puppet strings got or simulation is ready to play the game and make things happen when they’re supposed to happen we’re kind of reaching that point right and of course it’s like the emotional breaking point at this point cuz we’ve been in here so long especially for people who went through the whole last one of 2018 that if you’re going to get it kind of seems like this is really kind of the moment where the market has to kind of decide on itself if this is going to end up being it we’re at an appropriate time just as Bitcoin is we’ve waited long enough price obviously got carried away in that moment that happened as the market liquidated which is kind of a newer phenomenon that we’ve had in this market the last four to five years is the sheer amount of margin and gambling that goes on here compared to what we used to have but for the most part prices still with stood themselves okay but if you’re going to sit there and think fouryear Cycles on bitcoin if you’re going to think fouryear Cycles over here on xrp well you just reached that moment and I know for a lot of people they’re like super emotionally invested in The Narrative of xrp but I try to just kind of bring that realistic approach to it that this is going to depend on there being expansion happening in the market for price to get moving but in respects to the longest time period it has ever taken for price to get moving you’re looking at it right here it was 2013 through 2017 and if you’re looking at 2018 through 2021 we’re really kind of right there too so we’re getting right into that window of being like look if this thing’s going to happen if there’s going to be some repeating cycles that are happening within here time is really ticking we’re there and the same goes for Bitcoin cuz like I showed last week if you were looking at this through the lens of how long it took from 2018 through 2021 we bypassed that breakout right there on April 12th when it broke down the equivalent for 2018 through 2021 was the breakout into the high and the expansion starting right there on April 12th which it did not right so here we are 3 months later but you haven’t lost yourself in regards to time when it came came to 2013 through 2017 and well if you kind of look back on what it was like back in 2021 we really spoke a lot about it through the Viewpoint that Bitcoin had just completed another Super Cycle right and that everything that happened from 2018 through 2020 was really just the consolidation that happened in here then the final ending and then what do we do we go through this style correction to reset itself after an entire super cycle had completed right so this is the start of a whole new super cycle beginning in here but what kind of Correction do you get after that you get that which of course was what we’ve been talking about throughout all of here so even looking at it on like the bigger Longer term time frames right the more appropriate style to even be looking at wouldn’t actually be 2018 through 2021 it would actually be 2013 through 2017 so we’re really there it’s all dependent on expansion happening in the market keep your eyes on bitcoin and hopefully xrp can give some type of an early signal to come out in here um but really we’re just kind of looking for it for on anything and I’m not talking stuff that’s like rank 250 or what New Meme coins come out and stuff like that but like major names out there stuff that’s in the top 50 we can get a couple of them given an early signal or or even if it’s xrp uh that’s really the phase that we’re at right now that make a break for the whole Market make a break for the stock market we need some type of signal to emerge for expansion to happen in here now this was kind of how it all came to a conclusion back there in 2016 and 2017 but it it’s definitely dependent on the whole the whole thing going so it’s a fingernail biting moment for the market enti but if you’re going to say is there a place and a time for something like that to show up well it’s in here just so happens to be where we’re at and hopefully this is just a wash out the last trap being laid and a big surprise around the corner and as for me having to take a stab at it and adding some so I did add some more because if that’s true if that ends up being the case it’s kind of like this is it right so we’ll keep an eye on it and otherwise guys we’ll wrap this one up I want to thank you so much for watching if you’d like check out the newsletter over here on blockchain back. substack do.com where we do a lot of research and put it out there I think there’s around 40 newsletters released by now all of them include audio recordings in there the most recent one was 28 minutes of course you can check out bcb backer.com for over 40 videos and 11 hours of content teaching you how to set up your own charts and indicators within trading View and coin Trader Pro and teaching you about the historical behavior of the cryptocurrency market there are links in the description 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