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Long

Ripple Could go to 100+ USD Next Year (Elliott Wave)

POLONIEX:XRPUSDT   Ripple / Tether USD
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Ripple is in a potential bullish harmonic reversal zone here. There's also a weekly bullish 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 Elliott wave count for wave-(d) matching that of other cryptocurrencies which also appear bullish , 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.
Comment: For all the people that say "Crypto can't go that high because of the market cap!" I suggest you take a look at the DOW and see the consistent 100+ year logarithmic growth that it has experienced. Also the consistent logarithmic growth that BTC has experienced since 2009.

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.

https://twitter.com/Intuit_Trading/statu...
Comment:

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
Comment: https://s3.amazonaws.com/tradingview/sna...

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.
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Do you understand that new traders might actually believe this nonsense and the potential harm it can cause them with a post like this? XRP to $100 just look at the comments below from wanabe zillionaires looking for a fast "moon shot" to become wealthy. One of whom asks "what will happen in the next 24 hours"? Exactly why day traders go flat broke as will anyone else that follows this nonsense post. @dRends35
Reply
dRends35 london55555
@london55555, Always check people's charting history. If they're long all year, then they're wrong all year.
+1 Reply
london55555 dRends35
@dRends35, Exactly and a very good point
Reply
It's moving up. Do you think this is the time?
Reply
dont listen to this people. chances of this happening are very very very very very small
+1 Reply
Thanks for this! Maybe a stupid question... So in 2017 we didn't have many people invested, with lower volumes a significant price move would be easier to accomplish. You drawing a pattern that based on historical data COULD be indeed right. However, my question, doesn't the current amount of investors in quantity, require a much higher buying behavior then in the past to have the same type of jump? In other words, are we not too late in the game for those kinds of profits ;) I actually made nice profits in 2017, so still happy, but I would love to see another massive bullrun.
Reply
Intuit GerbenDeZeeuw
@GerbenDeZeeuw, It's not necessary that the price slows down. Price grows by orders of magnitude but so do active users/investors, so it generally keeps up the pace pretty well. It's possible we go slower than last year, but its also possible we go faster or just as fast. We'll have to wait and see what happens to know for sure. Either way the next bull cycle could last up to 10 months.
+1 Reply
@Intuit, Thanks for taking the time to respond. Can't wait for a nice bull run :)
Reply
@Intuit, what do you think of today's bounce ?
Reply
I think 5.4 usd by XRP, before Dec.
+3 Reply
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