Here we are looking at a very strong trend line which will turn 666 Days old on March 20/21 as it has supported XRP since early 2017
With potential target being at $172, it's is by all means not confirmed and can only be visualized through the unconfirmed resistance line of this widening wedge, however in reality value can rise to either lower or higher number.
I'm also keen on pointing out that despite all negativity and misinformation back in 2016 and 2017, XRP did manage to rise from $0.005 to over $3.42 marking nearly 65,000% in profit within 292 days. This time around however it's different. This time value of XRP is expected to rise not only due to speculation but real use case. Let me explain...
Ripple the company plans on introducing XRP token to banks at some point this year for settlement and liquidity purposes through RippleNet (Xrapid, Xcurrent 4.0) as soon as they get official word of regulations clearing them and banks to begin use crypto token for in bank use. As a result we will see increased volume being moved through XRP Ledger therefor increasing demand for it from retail investors and financial institutions. To ensure proper liquidity on the exchanges and proper working network, price would absolutely need to be in the triple to quadruple digit area at least.
To visualize it a bit better and understand the need for higher value per XRP, think about it this way...
Price per XRP as of time that I'm making this chart is $0.32
In order for a financial institution to transact $1,000,000 today, it would need to free up and have 3,125,000 XRP available just for that one transaction
At 1/XRP that same institution would need 1,000,000 XRP
At 10/XRP that same institution would need 100,000 XRP
At 100/XRP that same institution would need 10,000 XRP
At 1000/XRP that same institution would need 1,000 XRP
And that's just the payments we're talking about, if you'd knew what was on the horizon, you'd be truly shocked and surprised!
Below you will find several other helpful XRP charts
Trade active
⋅
Trade active
⋅
Comment
⋅
History doesn't prove future, most of the time, but it does hold valuable information about what might happen in the future
Comment
⋅
Everyone seems to be shocked with this 'conservative' price prediction but everyone tends to forget nearly 65,000% profit in 2017 which was based off speculation, not even real use case
Comment
⋅
If I was a bear I'd SHORT it without even thinking
Comment
⋅
Next week will be very interesting for crypto
Comment
⋅
Money 20/20 - Singapore Blockchain Summit March 19-21 will be interesting to say the least - keep your eyes open
Comment
⋅
For those following - March 19 is when we expect to see Asheesh Birla on stage followed by several other very important talks
Comment
⋅
Moving along very nicely
Comment
⋅
Indicators are mostly bullish on XRP
Comment
⋅
Upcoming 2 weeks of March will be chaotic to say the least, despite which way crypto moves
Trade active
⋅
Trade active
⋅
Comment
⋅
6 Hours until Ripple takes stage at Money 20/20
Comment
⋅
5 Hours until Stellar and IBM take stage with HUGE Announcement at Money 20/20
Comment
⋅
IBM and Stellar will announce major project in which one of the top 5 cryptocurrencies will take place
This is the worst TA that I have ever seen in my life
Root127001
⋅
@MihaelBosnjak, lmao
ck4825
⋅
Make ridiculous claims : get clout : get noobs to sign up for paid membership : profit.
Zero accountability because we are talking 2-3 years in the future , people will have forgotten why they sign up in the first place.
Although I don't hold any xrp at this time, your charting intrigues me. The only thing I'm curios about is why you chose to use logarithmic vs linear. When I did the same chart using linear I came up with an $8.00 near term price as opposed to your $172. Please explain and if I sound simple please excuse my ignorance. thank you kindly.
CryptoManiac101
⋅
@captaincredible01, I've included a very simple explanation in the description area of my chart...