Hello Traders, welcome to today's analysis of XRP.
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Explanation of my video analysis:
In 2017 XRP created a massive triangle breakout which was followed by a +50.000% rally towards the upside. This rally then ended in 2018 and XRP has been trading sideways ever since. However there is once again a triangle formation and XRP is about to break out, which could then lead to a similar rally compared to the breakout rally we saw back in 2017.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
I’d say drop a few thousand dollars into it if you can but don’t get FOMO on this coin.
to reach $12 per XRP, the market cap needs to increase to $12 × 55 billion = $660 billion. to reach $50 per XRP, the market cap needs to increase to $50 × 83.33 billion = $4.167 trillion. to reach $100 per XRP, the market cap needs to increase to $100 × 166.67 billion = $16.667 trillion.
Ill remind you whole Crypto market is 2,43 trillion its just a simple math.. do calculations on how much more money must flow in this coin to reach those numbers. Ill be surprised if it will reach 3.1 again.
Semi123446
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@geggsone when this is used by global transaction system, market cap is gonna be trillions of dollars. even if they take partial of whole financial system it would be at least 20-30 trillions market cap, its just gonna be like FLIP THE SWITCH. just like brad garlinghouse the ceo said.
basictradingtv
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@Semi123446, maybe possible - nevertheless we still have to manage risk! And @geggsone maybe it will happen ;)
@geggsone, Market cap is soooo 2018-2019 that's been explained long ago. For the issue Ripple is solving market cap is not an issue many videos on this all over youtube look into it.
rollysanta
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Hy. nice work.. What about Amp? Is making the samw triungle. Thanks
to reach $12 per XRP, the market cap needs to increase to $12 × 55 billion = $660 billion.
to reach $50 per XRP, the market cap needs to increase to $50 × 83.33 billion = $4.167 trillion.
to reach $100 per XRP, the market cap needs to increase to $100 × 166.67 billion = $16.667 trillion.
Ill remind you whole Crypto market is 2,43 trillion
its just a simple math.. do calculations on how much more money must flow in this coin to reach those numbers.
Ill be surprised if it will reach 3.1 again.