On paper, if history repeats itself, XRP could even see $200! But I highly doubt it!
With the current circulation of XRP (45B), the market cap at $16 will be $720B, that I can digest, because last time it went to $120B and could be ready for 720. But at $200, the market cap is $9,000,000,000,000!!!
Bitcoin shows a clear reaction to the upper trend line with a plunge after touching USD10,500 heading toward USD 7,500 again.
I expect USD 7,500 to act as a serious support level and hold the price, however, any meandering from that level could lead to a free fall to USD 5K level.
Bitcoin shows similar patter to what happened last year. We expect a short term uptrend to be followed by a 2-3 months correction on a crucial area near major trend line. From there we can expect an uptrend.