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Friday, August 28, 2020

Silver & XRP correlation

Silver & XRP correlation


Hi All,

In this chart I want to show you this amazing correlation between the historical consolidation phase on silver futures contracts and the XRP consolidation we have been experiencing recently.

Between 1980 and 2004 we had a 92% drop in silver price and a long lasting accumulation phase after which we exploded 1063% from the price bottom of March 2003.
Guess what was the percentage drop for XRP from it's peak in Jan 2018 ?... 95% ! without the Corona panic sell crash it would be around 94%.

If the timeframe proportions will be held we should see a new ATH for XRP in mid-2021.

Silver is regarded as the most undervalued and uderestimated commodity.
XRP is regarded as the most undervalued and uderestimated crypto.

My mid-term price target for XRP: 3 $ which is a 1030% increase from the current price level :)

Enjoy the ride!

GL&HF ;)

from Trading Ideas
via gqrds

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