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.
@SalmanQamar, I think at $5 it will have a bigger market cap then BTC
CoinFinder
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@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.
SalmanQamar
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@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
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@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?
Bimbo_Chart
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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
Bimbo_Chart
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@Alex_B1M, *in May we should be already above 10 usd
tradeformula
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@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!