XRP: This is what will happen should BTC hit new ATHs this year
I had previously drawn scenarios where BTC would take the "normal" route that we all know, where we'd see the All time high, sometime after the bitcoin halving.
But because this time BTC is half a year faster in the cycle than back in 2015/16, we would see the ATH already by late 2020, or early 2021.
However, as I posted previously, if BTC decides to do the gold fractal, and just continues pumping, this of course would mean in turn that XRP and the other altcoins would
also start pumping earlier.
BTC might reach the top BEFORE the halving in 2020, and it might become a "sell the news" event, where unexpectedly we'll see a price decline afterwards.
Should this happen, then BTC will break out at some point later this year.
According to the previous XRPBTC structure, we will see a new ATH in XRPBTC this time, which would be logical, since every new altcoin season, the alts gain more
versus BTC. BTC will see new dominance lows in the next altcoin rally.
Therefore a top of 0.0004 is likely for XRP. Now, if BTC goes to 100k ATH, it would translate to an XRP price of 40 USD.
We'll just have to wait and see how fast BTC is, to estimate the possible top. For BTC to reach 100k, it must not be faster than mid 2020 to reach the ATH, around the time of halving.
Should it be much faster, then the peak will also be lower.
We can experiment around with a few scenarios and come to the conclusion that the XRPUSD top will be anywhere from 15-20 USD for BTC ATH around 50-60k, up tp 30-40 USD for BTC ATH around 100k.
Let's see what BTC will do, and XRP will follow. The altcoins do not have a life of their own, please never forget that BTC IS KING. The alts are little sheep that only follow BTC. Therefore, we must keep a
close watch on BTCUSD and XRPBTC in order to determine the XRPUSD top.
But because this time BTC is half a year faster in the cycle than back in 2015/16, we would see the ATH already by late 2020, or early 2021.
However, as I posted previously, if BTC decides to do the gold fractal, and just continues pumping, this of course would mean in turn that XRP and the other altcoins would
also start pumping earlier.
BTC might reach the top BEFORE the halving in 2020, and it might become a "sell the news" event, where unexpectedly we'll see a price decline afterwards.
Should this happen, then BTC will break out at some point later this year.
According to the previous XRPBTC structure, we will see a new ATH in XRPBTC this time, which would be logical, since every new altcoin season, the alts gain more
versus BTC. BTC will see new dominance lows in the next altcoin rally.
Therefore a top of 0.0004 is likely for XRP. Now, if BTC goes to 100k ATH, it would translate to an XRP price of 40 USD.
We'll just have to wait and see how fast BTC is, to estimate the possible top. For BTC to reach 100k, it must not be faster than mid 2020 to reach the ATH, around the time of halving.
Should it be much faster, then the peak will also be lower.
We can experiment around with a few scenarios and come to the conclusion that the XRPUSD top will be anywhere from 15-20 USD for BTC ATH around 50-60k, up tp 30-40 USD for BTC ATH around 100k.
Let's see what BTC will do, and XRP will follow. The altcoins do not have a life of their own, please never forget that BTC IS KING. The alts are little sheep that only follow BTC. Therefore, we must keep a
close watch on BTCUSD and XRPBTC in order to determine the XRPUSD top.