Ripple is in a potential reversal zone here. There's also a weekly divergent bar, and the weekly momentum is starting to diverge and turn around. We're also within the correct time zone for this wave to end, along with the inside count for wave-(d) matching that of other cryptocurrencies which also appear , some of which have already seen the beginning of a pretty big reversal. This implies that we've likely already hit the bottom on XRP and are beginning to climb now.
Potential target is somewhere from 10-150 USD, and could take from 6-10 months. We'll have to see how this continues to develop from here to know what a more precise target will be. I suspect that we'll continue to see very violent waves up, like we've seen in the past, with very long corrections.
Logarithmic growth is not going anywhere. We'll continue to increase at nearly the same rate as we have in the past. It may seem impossible, but this is exactly the rate we should be going for cryptocurrency to replace all currency in 5-10 years.
By next year crypto will be 1-9% of all currency in the world (currently ~0.23%), and then in 5-10 years it will be at least 90%, meaning the total market cap will reach into the 100s of trillions when you adjust for future inflation.
Looks like in the short-term we are actually forming a symmetrical pattern, like on BTC. So we should get one more leg down before we finish wave-i, probably sometime around the 25th at 0.26-0.21
Looks like we bounced off of my 0.26 target and now we've retraced all of wave-i faster than it was formed. This is also the first time we've made a higher high since January. Most likely, we will see some strong follow through here that could be the beginning of the forecasted uptrend. The rest of the market is likely to follow.
OK before you make fool of your self - just some info that you consider calculating on 100 usd/xrp.
Total amount of XRP is 99,991,852,985... for easyer calculation let say 100.000.000.000 xrp.
If price goes to 100 usd/xrp that makes 10.000.000.000.000. (ten trillion)
Total amount of money on world is 5.000.000.000.000 (five trillion)
Now ONLY option is to wait another let say 50-100 years so inflation would chip off value of USD, and than replace all money with XRP.
So good luck HODLING you will need luck a loooot. Better to buy lottery ticket is is way more reliable than expect xrp goes to 100 usd.
A market cap of 10 trillion does NOT mean that there are actually 10 trillion $ invested! In fact some few millions can make a market cap of trillions in crypto.
"Yes, the Market Cap formula is this ridiculously infantile multiplication between two numbers. It is PRECISELY because this formula IS so stupendously simple, that it has become adopted by the masses as some form of meaningful indicator of... something! What that is exactly, not many people can put their finger on, but generally most people believe that the higher it gets, the more likely it is to fall."