Long Term XRP - $10 - $15 by August

BITFINEX:XRPUSD   Ripple / U.S. Dollar
This theory is based on 3 observations:

1) In previous boom/bust scenarios, we've seen price action go from the run up of a boom (most recent example, $.23) to 13x - 15x of that low (most recent example 3.20). Similarly, if the "low" of the current period is between $.85 - $1, I see a similar pattern forming.

2) In previous patterns, a fan line has been created that points to future booms. The green line was a strong trendline in the previous pattern, and I believe it will play a role in the future one as well.

3) The curves determined by the highs and the lows of the previous boom point to the next high that aligns with the green trendline as well as the 13x - 15x growth established in 1). The timing of them aligns in mid to late summer of 2018.

Here is a more detailed description of the previous booms/busts:

As a side note, the historical XRP/USD data pictured in the above link is no longer available for me through 2017. Is this the case for everyone else?
Do you know what will happen with the market cap of XRP if even it hit $5?
tradeformula SalmanQamar
@SalmanQamar, Market cap means very little.
+1 Reply
KingBennon SalmanQamar
@SalmanQamar, I think at $5 it will have a bigger market cap then BTC
CoinFinder SalmanQamar
@SalmanQamar, The crypto market cap is not a static number, can grow and be more... 2 month ago it was on $850 million, what prevents it from reaching to let's say 2 or 4 trillion dollar, then the market cap of XRP can be bigger than BTC's existing market cap.
+1 Reply
SalmanQamar CoinFinder
@CoinFinder, Please dont compare non-mineable with mineable. As for Ripple/Non-Mineable new coins can be added to infinity as per owner of that coin.
tradeformula SalmanQamar
@SalmanQamar, This is not true. There are and will forever be only 100B XRP. They can not and will not create coins at they like.

There is a finite amount of Bitcoin as well, it's simply distributed in a different way that is dispersed at a slower rate. What is your point?
Thanks Man, I agree with your chart but I see ripple going to these levels in 2 or 3 months. Let me say, in Maybe we should be already above 10 usd
Alex_B1M Alex_B1M
@Alex_B1M, *in May we should be already above 10 usd
@Alex_B1M, I'll welcome that, but will say that I've observed these boom/bust scenarios, and think that we might need a little more time to shake off bears as well as exchanges becoming available to more people. Fundamentally speaking, the biggest hurdle XRP has is allowing people to instantly buy similar to Coinbase. I see that changing with Robinhood, but that will take some time as well. In any case, it will be a great show to watch!
+3 Reply
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