XRP will start rising once BTC is at 20k
Hi dear XRP fellows, who are waiting for this coin to break out.
If we look at XRP's price history, we can clearly see the very strong correlation with BTC's price rises.
I think we are now where we were in late 2016.
XRPBTC then started rising, but as BTCUSD started nearing ATH levels at 1200 again, XRPBTC started declining again.
I think it will be the same now.
BTCUSD has broken the very important logarithmic resistance and will now in the course of the next months go towards 20k.
At 20k it will encounter strong resistance and correct, and need a while for break through.
Until then XRPBTC will have declined, but once BTC hits 20k, I strongly suspect that the first big XRPBTC push will happen.
If XRPBTC can make new alltime highs, I am not sure. It will most likely go into the area of the previous top. It might do a double peak again like last time.
The first one when BTC is at 20k, the second one at or shortly after BTC is at alltime high levels, so around 100k.
For me, the XRPUSD target still remains valid at 20-50 USD plusminus. Considering that BTC will have a 10x higher market cap, this should be possible, but again
only for a short time. It will be a sharp peak like last time. Bagholding XRP is no fun, so selling during that rally is strongly advisable :)
Best of luck to everyone, finally it has started, what everyone has been waiting for since Dec 2017.
If we look at XRP's price history, we can clearly see the very strong correlation with BTC's price rises.
I think we are now where we were in late 2016.
XRPBTC then started rising, but as BTCUSD started nearing ATH levels at 1200 again, XRPBTC started declining again.
I think it will be the same now.
BTCUSD has broken the very important logarithmic resistance and will now in the course of the next months go towards 20k.
At 20k it will encounter strong resistance and correct, and need a while for break through.
Until then XRPBTC will have declined, but once BTC hits 20k, I strongly suspect that the first big XRPBTC push will happen.
If XRPBTC can make new alltime highs, I am not sure. It will most likely go into the area of the previous top. It might do a double peak again like last time.
The first one when BTC is at 20k, the second one at or shortly after BTC is at alltime high levels, so around 100k.
For me, the XRPUSD target still remains valid at 20-50 USD plusminus. Considering that BTC will have a 10x higher market cap, this should be possible, but again
only for a short time. It will be a sharp peak like last time. Bagholding XRP is no fun, so selling during that rally is strongly advisable :)
Best of luck to everyone, finally it has started, what everyone has been waiting for since Dec 2017.
Comment:
Firt a rise in XRPBTC, then dump, then INSANE rise sometime in early 2021 I suspect:
Comment:
As foretold, BTC will start rising faster soon, leading to XRPBTC declining. Once BTC is around 20k, then BTCXRP will really start.
Until 20k, XRPUSD will remain flat.
Until 20k, XRPUSD will remain flat.
Comment:
It starts. As predicted, XRPBTC is starting to tank.
Like clockwork.
It is doing a new, longer wedge now:
Like clockwork.
It is doing a new, longer wedge now: