XRP will be going down.
I expect a correction in the entire crypto market and more so in altcoins.
The meeting of the Federal Reserve System (FRS) in January 2025 will be held on January 28-29. I expect that the rate will not be changed. There will be no downgrade.
Chinese New Year is usually celebrated between January 21 and February 21, which means a reduction in the activity of market participants.
Analysts at Trading Economics predict that the M2 money supply in the US will total $21,550 billion by the end of 2025.
M2 money supply is the volume of money in the economy: cash, deposits in banks, time deposits and other financial instruments.
Causes of a decrease in the M2 money supply:
-Rising interest rates. When interest rates rise, people and companies borrow less money and this squeezes M2.
-Inflation. When it is high, people and companies spend money faster, which also squeezes M2.
All of this indicates that a bear market is coming for the U.S. and cryptocurrencies as well.
Translated with DeepL.com (free version)
The meeting of the Federal Reserve System (FRS) in January 2025 will be held on January 28-29. I expect that the rate will not be changed. There will be no downgrade.
Chinese New Year is usually celebrated between January 21 and February 21, which means a reduction in the activity of market participants.
Analysts at Trading Economics predict that the M2 money supply in the US will total $21,550 billion by the end of 2025.
M2 money supply is the volume of money in the economy: cash, deposits in banks, time deposits and other financial instruments.
Causes of a decrease in the M2 money supply:
-Rising interest rates. When interest rates rise, people and companies borrow less money and this squeezes M2.
-Inflation. When it is high, people and companies spend money faster, which also squeezes M2.
All of this indicates that a bear market is coming for the U.S. and cryptocurrencies as well.
Translated with DeepL.com (free version)
Trade closed: target reached
Mega profits
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.