I just did the numbers for the now very hot and famous XRP and you will be delighted.
Now, I know you Crypto-enthusiast are very happy to always see 20X, 30X, 50X or else it is not enough... Greed zero of course.
But here is the thing, XRPUSD (or XRPUSDT) is already moving. We already saw some nice growth since its June 2022 low and that's why the remaining potential is not as big as some people might expect.
The next bullish wave puts the XRPUSD high at around $5.13. This is just a projection of course and prices can be lower or much, much higher.
This is about 565% potential from the current price or 5.6X.
If we consider the total growth potential from the June 2022 low to this target, it would be more than 16X (1,600%), but since Ripple's XRP already produced some really nice growth, this is what we have left and this is big, this is good because this one is in the TOP5 cryptos, meaning that it has a huge market capitalization and the bigger Altcoins tend to grow less compared to the smaller ones due to their weight.
This is it, what do you think?
Do you have a higher or lower target?
Share in the comments... Be open, feel free to share, good or positive, we are here just for this.
And remember, XRP is bullish and set for additional growth. Based on this chart.
Namaste.
Comment
⋅
The long-term (weekly) Renko chart for XRPUSD looks great, huge potential ahead confirmed.
Wonderful analysis, like always. I have a higher target of 7.00 (within a year). I believe this asset is being treated like BTC, which is a great reference point for TA, but the utility of this Token is going grossly underestimated. Imagine 1 trillion dollars being sent back and forth at the speed of an email from country to country. It's a freeway of money being sent back and forth. So when I hear "the Market cap would be 120 trillion," I laugh because I understand that math. What I don't understand is Trillions being sent back and forth through the XRP token. How do you quantify that?
@CryptoRibai Extremely difficult. I have been trying my best for about 3 years now, lol. Banks hold approximately 12 Trillion in reserves just for cross-border payment settlement. Let's say initially just 10% of that utilized through Ripple. That is 1.2 trillion being sent back and forth X amount of times?
AlanSantana
⋅
@IronPrice112, The global money supply will quadruple just in a coming years... Keep that part in mind.
AlanSantana
⋅
@IronPrice112, That's a great target. Mind sharing which method you used to get to this number?
IronPrice112
⋅
@AlanSantana I don't do TA. I follow about 500 of the best Authors on Tradingview (constantly adding and dropping based on published and rating) and track and guage their setups for BTC, XRP, Dow and Market Cap Totals. Two methods I track that are the most accurate are Elliot Waves Theory and Wyckoff Method if I had to pick just two. But I love them all, can't stop reading analysis and looking at charts.
Imagine 1 trillion dollars being sent back and forth at the speed of an email from country to country. It's a freeway of money being sent back and forth. So when I hear "the Market cap would be 120 trillion," I laugh because I understand that math. What I don't understand is Trillions being sent back and forth through the XRP token. How do you quantify that?