Hi all. The Parabolic Stop & Reverse Indicator in the monthly time frame tell us we are in a Bullish Cycle based on $XRP history.
Cycles since 2014
1. 30 Months of Bearish Cycle
2. 20 Months of #Bullish Cycle
3. 29 Months of Bearish Cycle
4. 13 Months of #BullishCycle
5. 19 Months of Bearish Cycle
6th Cycle we are in is Bullish for 6 Months.
Considering the minimum Bullish Cycle of 13 months and a maximum of 20 Months, we can expect at least the average of (13+20)/2 = 16.5 months.
Since we are at the 6th, we could expect 10 more months for #XRP to stay Bullish.
The chart intersection indicates the wedge will be eliminated on or before May 2024.
Enjoy your weekend,
Cheers!
#ripple
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