So ripple started earlier than I expected in one of my previous ideas, however, it was to be expected that ripple would also pump. We are in an insanely bullish 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 fractal 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 bullish 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 bullish scenario for ripple.
If btc however will decline in 2018, the chance for a bullish ripple scenario are low (meaning 10% or below, we always have to think in probabilities: again as I said, some super bullish 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.
I agree 100%. Especially with the fact that ALL coins will decline when BTC drops. We all should have our goals fulfilled before the global bear market starts. If it starts so soon. (end 2018). Check out my XRP price prediction in relation to BTC. It fits your theory of going up to lets say 2.5-3ish
SebastianofMoon
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@christiankat, Thanks for your chart, it is looking good. The xrp/btc ratio has to go up at least to 0.00014+, which fits your prediction well. I also think that end of 2018 will be the start of the next long bearmarket, probably until the btc havling in 2020.
Vtathlete1
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Interestingly the bottom your predicting is the same day that bitcoin CME is launched. This would make sense as money would go to BTC before finally rolling into XRP as we saw with this past push.
SebastianofMoon
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@Vtathlete1, Indeed, you're right :) And I did not even notice it, hehe. Thanks!