Okay this is interesting 👀
$XRP 2015–2018 vs
$TEL today.
Both charts seem to follow a pretty similar Wyckoff accumulation structure. Long range after the decline, multiple tests of the lows, rallies back into the range and then that final sweep/spring near the end.
That’s basically where
$XRP was before the 2017 run.
From roughly this point in the structure,
$XRP went on to do around a 650x.
And here's another interesting coincidence:
$TEL is starting from roughly the same market cap
$XRP was at around this point in the structure. 👀
Now look where
$TEL is sitting…
And the comparison gets even more interesting when you look at the fundamentals. Both are heavily focused on payments, cross-border transfers and connecting crypto with the traditional financial system.
Just to be clear: this is absolutely not a price prediction. I’m not suggesting
$TEL will repeat XRP’s 2017 move.
What I find interesting is the timing of this structure, especially with everything that’s coming up for Telcoin and the network.
Could be nothing. Could be worth watching. 👀
History doesn't repeat, but it often rhymes.
$XRP 🤝
$TEL