Ripple has yet to have any major move, despite some regulatory concerns being raised I think a 50% rise from these levels is conservative and certainly possible, even if we experience a pull-back first.
Ripple tends to move without a catalyst and there are no major events scheduled. The price in USD is currently $0.900943, breaking the $1 mark would gain some media exposure.
The price is very loosely tracking the cloud and had a bullish TK cross earlier in the week.
Indicators show a potential for a move north.
Past $XRP gains during altseason:
Apr 17' 5800%
Jan 18' 1890% (32.5% of April)
A gain equivalent to 32.5% of Januarys move would give the following projection:
May 18' 614% = 0.000662 / $6.30 (@$9550), although this would give it a theoretical marketcap of $600 billion!
Ripple tends to move without a catalyst and there are no major events scheduled. The price in USD is currently $0.900943, breaking the $1 mark would gain some media exposure.
The price is very loosely tracking the cloud and had a bullish TK cross earlier in the week.
Indicators show a potential for a move north.
Past $XRP gains during altseason:
Apr 17' 5800%
Jan 18' 1890% (32.5% of April)
A gain equivalent to 32.5% of Januarys move would give the following projection:
May 18' 614% = 0.000662 / $6.30 (@$9550), although this would give it a theoretical marketcap of $600 billion!
Would be reckless to rule out a dip, however, it is giving me confidence for when the market rebounds.