XRP vs XLM Weekly Nearly Identical
Updated
Looking at these two banking tokens on a weekly line chart it is not hard to see that the price action pattern of both has been nearly identical.
Using a log scale to measure the change in percentage we see they are topping and bottoming together but yet XRP is up nearly 2x over XLM.
If we look at the first range xrp traded in at launch we see a lower double top pattern followed buy a upward curving tight range and then a massive price explosion.
Currently we see the same pattern emerging with the lower double top followed by the same upward curving tight range.
If the pattern repeats itself the next step in this fractal is price explosion.
Squares on the left hand side represent the percentage rise and fall of the first range formed at launch for each token.
This typically is a good gauge of the percentage gain available from an assests circulating supply. Unfortunately with cypto circulating supply is subject to change by minting new tokens, lost tokens, and burning.
Using a log scale to measure the change in percentage we see they are topping and bottoming together but yet XRP is up nearly 2x over XLM.
If we look at the first range xrp traded in at launch we see a lower double top pattern followed buy a upward curving tight range and then a massive price explosion.
Currently we see the same pattern emerging with the lower double top followed by the same upward curving tight range.
If the pattern repeats itself the next step in this fractal is price explosion.
Squares on the left hand side represent the percentage rise and fall of the first range formed at launch for each token.
This typically is a good gauge of the percentage gain available from an assests circulating supply. Unfortunately with cypto circulating supply is subject to change by minting new tokens, lost tokens, and burning.
Note
still following the same fractalNote
both of these are reaching a relative time cycle for pivot. Hopefully that piviot is to the upside.
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