It is clear that though we can use fractals to possibly pinpoint price projections that is just all they are price projections. Nobody hadsa crystal ball here In Crypto land so looking for this elusive perfect peak is a downright myth. Can we guestimate? Of course, we can, and this is why I am overlapping price bars from the 2017 XRP bull run on to the possible 2021 Bull Run we will be having. Could XRP hit over $100 by the peak? I don't know but if history proves a similar fate for this upcoming Bull Run then a big Yes is likely. I do not know if the channel that I have represents the second bottom point for xrp currently as we could possibly drop lower and test the 100 day moving average. Not sure on this one but time will have to tell.
I can't imagine one that it would reach $100 in one year the maximum it could reach $1.5-14 and that is more than enough.
altcoinb
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@decimalBoa50339, you could be right but if we have XRP going close to the top of this channel and respecting this channel then anything over $100 is not an impossibility. Keep in mind the Trillions that will flow into the general crypto markets.
decimalBoa50339
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@altcoinb, It's not about the channel, there is too many factors affecting the price channel of any coin. For instance, take a look on the impact on XRP when BTC pump took place since yesterday. You would see that the maximum price XRP have reached are ($0.584). On other hand, BTC pumped more than ($3800) that's (>20%) profit percentage one day and its equivalent to the XRP pump from ($0.45) to ($0.584). Assuming that $100 would be price one day it means BTC should be located at ($6,978million) cause everything is linked to big father BTC.
altcoinb
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@decimalBoa50339, lol none of us will nail these numbers but speculating with certain indicators makes it a bit less boring. I have two channels here. I have an intermediate channel that only spans a couple of months and I have the greater channel that XRP has been respecting since a bottom in 2017.Two different channels with two different scenarios. BTC will not have to make it to $6 million in order for XRP to make it up to $100 or greater. That number to me is insanely high. You have too much Wall Street money coming into this space for XRP to hit adequate and reasonable highs for 2021.
vitalman20
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boldest prediction I've ever seen on XRP
altcoinb
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@vitalman20, oh not not really lol. I am not as insane as a $1,000 xrp as seen on many Youtubers. I am open to the insane possibility of anything over $100 as Teeka Tiwari suggest even though I am not a Tiwari follower. I really believe that this channel if respected will produce these high valuations for XRP. When I was buying XRP in 2014 at $0.006 I was of the mind that it would take a miracle of God for XRP to ever hit $0.30 and look how high XRP ($3.23) went in 2017. When I hear of $13, $28, $55 and now $100+ i am not closed to this possibility. Think about all the Trillions that will enter this market because of many reasons, one being the devaluation of the dollar, you can start to believe how this could really happen for XRP.
@satiev1, $20 is a very conservative value for XRP. When I crunched the numbers myself I really believed $32 would be a good high for XRP but now with all the Trillions in derivatives and other assets losing value out in the world, it makes sense that XRP could break this $100 figure and if not in 2021 it could happen later on maybe in 2025.