Huge XRP News: This Changes Everything (It’s Not What You Think)

this is huge news for xrp that changes everything grayscale just took xrp one step closer to an ETF but does this mean you should sell all your xrp because it's a buy the rumor sell the news or does this mean load up on more xrp because we are set for a huge bullish rally well grce scale has launched altcoin trust in the past and they did the same thing every time so we know what we need to do with our xrp and it's not what you think so unless you're living under a rock you've heard that grayscale did launch a xrp trust xrp had a huge pump off this a couple days ago and in fact it is still kind of continuing in a bullish pattern now when it comes to a trust versus an ETF now unlike an ETF a trust will primarily trade over the counter ETFs are going to be open for everybody retail can buy it your grandma can buy it trust are only going to be open for accredited investors and these are people who have at least a million dollars not including their primary address and make at least 200k a year they are able to get in on some of these products ahead of you ahead of retail now grayscale made history last time when they sued the SEC over their Bitcoin trust they wanted to turn the Bitcoin trust and into an ETF they had a sue Gary guinsler in the SEC and they were successful and then that's why with the grayscale Bitcoin trust and the grayscale ethereum trust later became ETFs now grayscale has a whole list of crypto products we're going to just look at a few here because like I said when these altcoin trusts open they do the same thing price-wise every single time so let's just kind of look at what happened so we can determine what happens with xrp and then I have a bold xrp price prediction after this first one that launched was grayscale Avalanche trust and it launched August 20th 2024 now this green line is when the ETF launch and we're going to compare Avalanche to bitcoin to see did it overperform or did it underperform and then we can use this to determine what is xrp's next move well folks we're going to see a theme here now I'm going to measure from the bottom right before the ETF announced just to see how we ended up topping out Avalanche ended up experienc a 36% pump and bitcoin's pump was only 12% so you can see Bitcoin actually didn't do nearly as well as Avalanche its pump was three times the amount of Bitcoins next one we're looking at is to this is the grayscale bit tensor trust and it launched June 10th now the TW trust ended up launching all the way back here June 10th and Bitcoin and the crypto Market as a whole basically was in a downtrend so I want to measure what happened once we were in a positive trend cuz I think we're in a positive trend with Bitcoin right now so I think it's going to be more important for xrp you can see here over about 15 days after it found the bottom to ended up having a huge pump pumped 85% but what about Bitcoin Bitcoin relatively was weak compared to that over its 15 days only pumped 25% so once again we saw the allcoin over triple bitcoin's performance now let's look at the grayscale S trust and it launched August 1st nowu is similar to to once it launched crypto was in a downtrend so let's measure what ended up happened after it found a bottom and it had a bounce s ended up having a huge pump after it found a bottom a few days later so you can see over 7 days it pumped 140% over one week Bitcoin during the same week only pumped 21% so once again after this grayscale trust this altcoin started wildly outperforming Bitcoin and last but not least we're looking at maker Dow then we're going to look at xrp now maker Dow kind of launched near enough a bottom so we're going to measure from the bottom here now it had a nice little Pump It pumped about 22% over 6 days and ended up hitting about 25% over 17 days but when we look at Bitcoin that same 25% pump ended up only being 18% pumps so this is the first time it barely overperform Bitcoin but yet again you can see it overperform Bitcoin and I think xrp in a bullish channel is also going to overperform Bitcoin now let's do a little price analysis now we're looking at xrp from this peak right here which was in 2018 and you can see it had a new Peak and then a lower high and then a lower high and now people are wondering are we ever going to break out of this triangle now one thing we're seeing right here is diminishing return so we're going to measure this and then this going to determine our next pump for this next coming bull cycle now we're going to measure from this low and then measure to the peak here you can see we pumped about, 1400% so we had about a, 1400% but then this is where it starts to get a little shocking after we pumped 1400% we had another pump and that pump was 700% so you can see it got cut in half and so I think the next pump is going to be cut in half yet again and that's going to give us a 350% pump for xrp now if we measure from this local low that we just hit a three 50% pump is going to put us right at a $2 xrp you can see it up there now this is where it starts to get really interesting if we go ahead and draw out a horizontal line at this $2 range well look at that that is actually almost perfectly hitting the previous top hitting against this trend line here and so I think it's a very very strong possibility that xrp will break out break out of this triangle but you're going to be looking at some very strong resistance at $2 so if you've been holding xrp for years and you're just getting impatient with it you wanted to do something you want to poke it with the stick I would say be patient after a grayscale trust is launched those altcoins typically overperform Bitcoin in a major way and I think xrp can overperform Bitcoin in a major way and that is going to be the fuel needed to break out of this range I think once we break out of this triangle we're going to be looking to test this range right here so it is going to have some resistance it's going to slow down there will be some pullbacks but if you're a long-term investor I think you can definitely get a $2 xrp this cycle that's all I got for you and I'll see you in your xrp bags at the top