FlaviusTodorius67

Ripple longterm bullish, but XRPBTC will first fall before rise

POLONIEX:XRPBTC   XRP / Bitcoin
Well here is a different picture on Ripple.
I am a longterm ripple bull, and believe we'll see quite insane XRP prices in USD in late 2020 and early 2021.
As high as 30 USD, probably higher.

But in relation to BTC ,
I think XRP will first continue to decline.
Therefore the USD price will not pump much before 2020.
I don't see XRP going much above 1 USD in 2019. I could be wrong of course,
but XRPBTC seems to be in a giant megaphone structure!

The strong VPVR support is as low as 1k sats .
And we can see that every time, since late 2013 ( I drew the first peak from coinmarketcap data), XRPBTC has been doing the same pattern:

Two tops, followed by a long decline, going back almost as low as the lowest low before.
So from 10k satoshis, to a few hundred.
Then in the 2015-2017 rally, we see that it went from only a few hundred sats to 20k sats .

And now a very similar structure.
So it could indeed go as low as 1k sats before the big pump in 2020/21.
If we stay in the megaphone, it could maximally go as high as 40k sats (upper limit), but might of course be again "only" to 20k sats .


Comment: Much to the disappointment of Ripple shills out there, as predicted, XRPBTC will fall further, before rising.
XRPUSD will only start pumping, when BTC makes new all time highs, thus, when it reaches 20k. Not before !

So I think XRPBTC will continute to decline until 1700 satoshis until we finally get that spike.
XRP wants to crush people and make them sell and go to other coins before it pumps, else it would be too easy :)
Comment: Going exactly as planned. Once XRP hits that massive Volume profile support at the 1000 satoishi area, we'll finally see that massive XRP pump that everyone is waiting for :)
Target date: Early 2020.
Prerequisite:
BTC must be in the 20k area for that to happen.
goodwork
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I agree that xrpbtc should come down a lot more, but I doubt at this stage that it will ever go up again afterwards... still anything is possible
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@BarclayJames, Interesting opinion! I don't know why you think this, since all altcoins pump like crazy if BTC makes new ATHs, this is an old rule of this market, I've seen and used it countless times.
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first let it fall down to 1k sats and let's see from there:
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Hi Flavius i need your opinion please on what @CryptoManiac101 said about xrp

he said: "Ripple the company plans on introducing XRP token to banks at some point this year for settlement and liquidity purposes through RippleNet (Xrapid, Xcurrent 4.0) as soon as they get official word of regulations clearing them and banks to begin use crypto token for in bank use. As a result we will see increased volume being moved through XRP Ledger therefor increasing demand for it from retail investors and financial institutions. To ensure proper liquidity on the exchanges and proper working network, price would absolutely need to be in the triple to quadruple digit area at least.

To visualize it a bit better and understand the need for higher value per XRP, think about it this way...

Price per XRP as of time that I'm making this chart is $0.32

In order for a financial institution to transact $1,000,000 today, it would need to free up and have 3,125,000 XRP available just for that one transaction

At $1/XRP that same institution would need 1,000,000 XRP

At $10/XRP that same institution would need 100,000 XRP

At $100/XRP that same institution would need 10,000 XRP

At $1000/XRP that same institution would need 1,000 XRP

And that's just the payments we're talking about, if you'd knew what was on the horizon, you'd be truly shocked and surprised!".
+3 Reply
@Apyr, Well I don't know, I am bullish on XRP and have quite a stash of XRP added to my altcoin potrfolio. But triple to quadruple digits XRP? That's shilling imho, marketcap wise that would not work, because XRP would need to overtake BTC by factors to get to such prices.

I think that a target of 50, even 100 USD is realistic for XRP but only at the peak of this giant rally, maybe end of 2020, middle 2021, when BTC hits a few hundred k.

And only for a very short time, similar to the last peak at 3.4 USD.
Cryptomaniac is a bit of a shill imho, hehe.

But I am also bullish on XRP :)
+1 Reply
Apyr FlaviusTodorius67
@FlaviusTodorius67, thank you for sharing your opinion i really appreciate it
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@Apyr, You're welcome :)
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