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If $XRP does secure a third macro retest on its 6 year ascending support trendline there will be fireworks 🎆 appreciate the coverage Moon Lambo 🤝🏻

🇬🇧 ChartNerd 📊

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102,867 views • 3 months ago •via X (Twitter)

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🚀 $XRP has historically built cyclical baselines across multi-year periods before witnessing HUGE vertical expansion; and this retracement could be one of the largest springs yet 👇🏼 We're now approaching a 3rd major retest, mirroring the same 4 point point of contact structure between 2013-2017 before the vertical breakout 📅 Not calling for the exact same magnitude, but after 8.5 years under resistance, price discovery pressure is undeniable and will likely trigger a move towards $8/$13, with a slim but exisiting potential of our 1.618 $27 extension 📈 This decline marks only the 5th instance in history where price has retraced beyond 70%. Such drawdowns have historically presented high-conviction entry zones for those willing to position and hold through the storms 🌦 Thank you for the coverage Moon Lambo 🤝🏻

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