The One And Only XRP Chart That Matters In 2019, 2020 And Beyond

We received several reader questions this week on the XRP chart. They were not directly related to our XRP prediction nor to the XRP market cap. They were related to the XRP price (XRP) chart pattern. Interestingly, the questions suggest that our followers still do not really see how to correctly read cryptocurrency charts. That’s why we re-iterate in this article how to read the XRP chart. We do so by using the chart we outlined in this article XRP: the Longer the Base, the Higher in Space as that’s the one and only XRP chart that matter to investors in 2019, 2020 and beyond.

We got several questions from followers submitting XRP charts as part of XRP news articles. We will not refer to the particular ones we received, that’s not the point we are trying to make. Our aim really is to help followers understand how to use XRP charts, and how not.

As part of our 50 cryptocurrency investing tips we made the point that reading a chart may seem simple but it really is tough to get all important insights out of a chart. This is one of the crypto investing tips that stands out according to us:

Intraday charts are not for long term investors. They are only there for traders. Everyone has to make a tough decision: either you are an investor or you are a trader. In each case you need a different toolset, a different chartset, and different charting principles. The points made above apply to investors with a long term horizon, which is a bare minimum of 3 to 6 months.

Moreover, there may be many XRP charts as the ones on Ripple’s site but the trick is not to use many but rather the right XRP chart(s).

The XRP Chart that Matters in 2019 and beyond 2020

The big miss of the XRP charts we saw is that they are all way too short term focused.

Chart analysis should happen on 3 timeframes: short term, medium term, long term charts.

Because XRP is not in existence for a long time it is on the one hand easy to check all timeframes. On the other hand we are not able to use the monthly timeframe so we have to adjust our regular chart timeframes.

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