THIS XRP BREAKOUT IS JUST GETTING STARTED

Summary

In this video, Waters Above delves into the crypto market, focusing on XRP's recent breakout and its potential to mirror the March 2017 surge. He combines technical analysis with numerology and astrology to forecast XRP's trajectory, suggesting a possible rise to $1.30-$1.40 if certain resistance levels are breached. The video also discusses Bitcoin's role in triggering XRP's surge, the significance of solar eclipses, and the historical patterns of market behavior during election years, particularly the volatility expected in the coming months of August to November.

Takeaways

• 📈 The speaker predicts a potential breakout for XRP, comparing the current market conditions to the 'March 2017 moment' for XRP.
• 🔮 The analysis combines cryptocurrency technical analysis with gatria numerology and astrology to interpret market trends.
• 📊 A detailed breakdown of XRP's chart was shared, with a focus on the potential resistance level of 70 cents by the August new moon, around August 4th.
• 📉 The speaker notes similarities between a short-lived bear trap in February 2017 and recent market movements, suggesting a pattern may be repeating.
• 💰 If XRP reaches 70 cents by early August, the speaker believes it could lead to one of the most significant XRP charts ever, with bullish confirmation targets at 75 cents.
• 🚀 The next technical targets for XRP are projected to be around $130 to $140, contingent on clearing the macro resistance level at about 70 cents.
• 🌑 The speaker discusses the significance of the August new moon and its historical impact on the market, often leading to sharp corrections.
• 📉 Historical data suggests that XRP tends to be bearish in August, with rare bullish instances leading to a 'pump and dump' scenario into September.
• 🌓 The speaker anticipates potential corrections around the August new moon and the September full moon, aligning with past market behavior.
• 🤔 Despite the bullish outlook, the speaker emphasizes the importance of maintaining a neutral stance, being prepared for market pivots and significant moments.
• 🔗 The speaker speculates on the potential for a flash crash in August, possibly filling a significant CME gap, but acknowledges that such gaps do not always need to be filled.

Q & A

What was the main focus of Waters' last XRP video?

The main focus of Waters' last XRP video was to provide a detailed breakdown of a chart he shared, which predicted a breakout for XRP similar to the March 2017 moment, and to answer common questions regarding this breakout phase.

What is the significance of the 70 cents resistance level for XRP according to Waters?

The 70 cents resistance level is significant because it aligns with Waters' analysis that XRP should reach this level by the August new moon, which is a pattern he observed from the historical data of XRP's performance in 2017.

How does Waters combine cryptocurrency technical analysis with other disciplines?

Waters combines cryptocurrency technical analysis with Gann theory, numerology, and astrology to gain a deeper understanding of market movements and predict future trends.

What was the highest monthly close for XRP in 2023 mentioned by Waters?

The highest monthly close for XRP in 2023 mentioned by Waters was around 75 cents.

What is the potential bullish confirmation target for XRP according to Waters?

The potential bullish confirmation target for XRP is a macro candle close above 75 cents, with an ideal weekly candle above that level for stronger confirmation.

What is the significance of the August new moon in Waters' analysis for XRP and Bitcoin?

The August new moon is significant because Waters predicts that XRP could reach the 70 cents resistance level around this time, and historically, Bitcoin has experienced flash corrections during August new moons, which are often followed by immediate recoveries.

What is the 'GameStop hysteria' mentioned by Waters in relation to his previous video?

The 'GameStop hysteria' refers to a market event where retail investors drove up the price of GameStop stock, causing a short squeeze. Waters mentioned this in the context of a video he released during that time, which also discussed the potential for Bitcoin to reach 83k by August.

What is the significance of the solar eclipse in Waters' analysis?

The solar eclipse is significant in Waters' analysis as it often marks important turning points or trigger points in market cycles. He specifically mentions an upcoming solar eclipse in October as a potential catalyst for market movements.

What are the typical market behaviors during the months of August, September, and October according to Waters' historical analysis?

According to Waters, August is typically a bullish month for traditional markets and crypto, but it can also see flash corrections. September and October are historically not the best months for the stock market, with potential for corrections, especially during election years.

What is the 'crypto decoding blueprint' mentioned by Waters, and where can it be found?

The 'crypto decoding blueprint' is a resource created by Waters that provides an in-depth analysis of the crypto market cycle. It can be found on Waters' website, watersabove.com.

What is Waters' view on the potential for a flash crash in August for Bitcoin and XRP?

Waters speculates that if a flash crash were to occur in August, it would likely be sudden and violent but then quickly bought back up, similar to historical patterns. He suggests that such a correction could be healthy for the market.