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.
looks reasonable. Ripple definitely will boom. The question is when.
SebastianofMoon
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@CryptoBullet, Absolutely! This coin is like a spring. The more you pull it, the higher the tension. And when you release it, it will shoot even higher. The question indeed is when this spring is being released. The later, the more insane it will pump.
CryptoBullet
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@FlaviusTodorius67, its been dumping a lot of time. I think right time is near.
SebastianofMoon
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@CryptoBullet, Yes, I've been buying XRP since half a year now and will continue to do so. It served me really well last rally 2017/2018. One does need a lot of patience with XRP, but the reward is normally very high :)
WGauger
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@CryptoBullet, and of course we need BTC to continue its climb as well. I think we are a few months away. Hopefully Q4 brings us some excitement.
SebastianofMoon
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@WGauger, Agreed! Q4 2019 or Q1 2020 will bring a lot of action for XRP. And normally, BTC should resume its climb later this year :)
ReallyMe
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Yes, maybe. Whatever it will be, I think XRP is the best way to accumulate BTC right now.
I think in 2-3 weeks XRP/BTC rate might well be 15% higher at 0.00034 and that means buy XRP now and exchange for BTC later. You get +15% BTC for free. ;-)
SebastianofMoon
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@ReallyMe, Yes, we might get a medium term bounce, already now, XRPBTC is very oversold.