We are in an insanely crypto market right now and all major altcoins were already pumped, except for ripple and maybe ETH to some extent.
So now that the nasty resistance at 0.28-0.30 USD has been broken, we would like to know how high it can go?
I will base my projection on the from march 2017. The structure is quite similar, so that it makes sense to compare it back to that time.
Bitcoin will do one final push in the coming days and weeks, and I think that all altcoins will top exactly at the same time as bitcoin . And as soon as bitcoin experiences
a sharp correction, say 27K to 13K , all alts will tank, ALL, without exception.
Make no mistake, all altcoins are depending largely on btc , and as soon as BTC goes down, all alts will follow. I am not saying that this is guaranteed, some super news
could of course change that picture, for example amazon indeed implementing ripple, or stuff of a similar magnitude.
However, I like to play it safe, and don't very much like to rely on news, and hoping for some event to come true. Hope is always bad in crypto trading, hehe.
And what will happen in 2018?
Well, that again depends if the crypto market will continue to rise after the btc correction, or not. There is a very high likeligood that bitcoin will do another rally in 2018, the final one
before the bearmarket. It might go as high as 100K. In that case, we will see the scenario for ripple.
If btc however will decline in 2018, the chance for a ripple scenario are low (meaning 10% or below, we always have to think in probabilities: again as I said, some super news
could change that picture).
So there we go. These are my thoughts on ripple in the near and mid-term.
Longerm I think ripple is here to stay, and will always be in the top altcoin range, together with ETH and LTC.