XLMXRP trade ideas
Will XLM Outperform XRP This Cycle?The chart clearly has the potential to reach 0.68 XLM for every XRP, which means if XRP reaches $28 by the end of the cycle, XLM can be around $19. I don’t think this chart will ever make a higher high and it will continue to make lower highs, but this cycle even a lower high to 0.68 is means XLM will outperform XPR by a great margin. Will it happen? I don’t know. I just know that the weekly RSI also looks good.
Breakout Soon?So many people are waiting for an explosive XRP, bull run. This chart looks like XLM/XRP wants to breakout of the symmetrical triangle. If that happens and the xrp bull run happens, then imagine what XLM will do. I have no evidence that we will see a breakout, but the weekly RSI and a similar symmetrical triangle in the past indicate that it’s a possibility for XLM/XRP to rise, in a bull market where XRP is expected to shine. All I’m saying is if XRP shines, XLM will go full on supernova.
HypothesisIf xrp hits 44 dollars by the end of the cycle and this chart plays out then XLM could be worth 59% less than XRP, which is still a higher ROI than XRP, but I really don’t know if this scenario will happen or not. If someone could take a look at this chart and expand on the idea it would be nice.