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XRPWeekly RSI just hit the lowest level since June 2022, the month of the previous bear market bottom. This means that we are looking at market conditions similar to the end of the last bear market. Now, the reading is the lowest since then but not the lowest nor the same, it is a bit higher. As you can see, $XRP USDT is set to close five consecutive weeks red with the current week having a long lower shadow. This call for some relief. After this relief then the market moves lower again. Whenever the market produces a bearish cycle, it never enters the next cycle in flash, suddenly. Instead, the market goes sideways for several months at bottom prices before the start of the next trend. Let's say $XRP goes bullish for several weeks and that's it. The relief. Then it comes crashing back down. The next crash produces really extreme oversold conditions and then the market settles at bottom prices; still, no strong bullish breakout. At the bottom we get sideways with some fluctuations. After a long while, long enough for people to get bored and many weak hands to fold, then a strong bullish breakout shows up. This move signals the start of the next market phase which tends to last a long time. Bitcoin's halving and 4 years cycle explained Many people have been saying that Bitcoin's four years cycle is changing or that it will change in the future—simply impossible. The four years cycle cannot change because it has been programmed into the code. Every four years we get "the halving." And this is what causes Bitcoin's classic bullish and bearish cycles. Before the halving, Bitcoin starts to grow really strong in anticipation of the event. This puts pressure on the entire Cryptocurrency market to grow. Once the event happens, Bitcoin continues growing until all momentum is exhausted. The year after the halving all momentum is gone and that's the end. The market starts to price-in the halving one year in advance. Grows before and during the halving. The momentum lasts until one year after and then we get the bear market. That's why we get only 1 year of bearish action vs 3 years of bullish action.

XRP

Weekly RSI just hit the lowest level since June 2022, the month of the previous bear market bottom. This means that we are looking at market conditions similar to the end of the last bear market.
Now, the reading is the lowest since then but not the lowest nor the same, it is a bit higher.
As you can see, $XRP USDT is set to close five consecutive weeks red with the current week having a long lower shadow. This call for some relief.
After this relief then the market moves lower again.
Whenever the market produces a bearish cycle, it never enters the next cycle in flash, suddenly. Instead, the market goes sideways for several months at bottom prices before the start of the next trend.
Let's say $XRP goes bullish for several weeks and that's it. The relief. Then it comes crashing back down. The next crash produces really extreme oversold conditions and then the market settles at bottom prices; still, no strong bullish breakout.
At the bottom we get sideways with some fluctuations. After a long while, long enough for people to get bored and many weak hands to fold, then a strong bullish breakout shows up. This move signals the start of the next market phase which tends to last a long time.
Bitcoin's halving and 4 years cycle explained
Many people have been saying that Bitcoin's four years cycle is changing or that it will change in the future—simply impossible.
The four years cycle cannot change because it has been programmed into the code. Every four years we get "the halving." And this is what causes Bitcoin's classic bullish and bearish cycles.
Before the halving, Bitcoin starts to grow really strong in anticipation of the event. This puts pressure on the entire Cryptocurrency market to grow.
Once the event happens, Bitcoin continues growing until all momentum is exhausted. The year after the halving all momentum is gone and that's the end.
The market starts to price-in the halving one year in advance. Grows before and during the halving. The momentum lasts until one year after and then we get the bear market.
That's why we get only 1 year of bearish action vs 3 years of bullish action.

TheW0LF

XRP

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