I'm bullish on XRP, not just on short term as I published in my previous analysis (great for those who read and followed the call), but also on longer term. I think we are in the second bullish wave that can send this coin a lot higher than it was in first week of the year.

History repeats, financial instruments move in cycles and charts don’t lie. Prices move in random, but repeating cycles, which are predominantly driven by the participation of large traders/institutions/funds. I think those were already accumulation some volumes on the way down and if Ripple really delivers XRapid on the market as stated, we could see XRP booming like never before.

$72; $86 and $1.38 my targets for the next leg up, but on longer term, this could be just a beginning.
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Nice chart !
+1 Reply
It's will be moving sideways for another month or two like it happened in the recent months. Xrapid doesn't necessarily mean it will skyrocket. There were many instances when price of a coin didn't raise even there were good upcoming news , partnerships or products.
@Salmin, it's not news, or partnerships..
Xrapid will make it so that the banks are using large volumes of XRP everyday.
No coin has ever had a use case adapted at that level and not gone straight up many times the current price.

Xrapid alone gives several different reasons that XRP will have to rise.

You can't have the banks each buy up hundred of millions of dollars of the coin and not have it rise significantly
mcgovjos Salmin
@Salmin, Agreed. Xrapid is key, and the news will probably hold the market here for a little while. As Xrapid is live longer and longer we'll see more financial institutions jumping on board and actually using the currency. Should be a slow and steady increase with pumps coming when big names sign on.
MicahOng Salmin
@Salmin, If banks are using xRapid volume will increase and rise the price up. Utility will be a driving factor not just market trading.
@Salmin, )))).
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