One of our followers asked for a long-term chart for Ripple vs Bitcoin (XRPBTC)... Here it is.
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To me it looks very simple and straight forward.
The market moves in cycles, we have bearish and bullish cycles.
Below EMA50 we have bearish cycles.
Above EMA50 we have bullish.
After the 01 January 2018 price peak, we had the longest bearish cycle in Ripple's (XRPBTC) history. Ending now.
In exchange, we are likely to experience the strongest bullish cycle next.
With follow up from the bulls, the charts technicals support this, we will see 500% to 1,000% within the next 3-12 months.
In a bull run scenario, after many months of sustained growth (higher highs and higher lows), a mania/euphoria phase can be experienced that produces numbers that are off the chart.
We normally don't trade based on this and just take it as an extra but this is surely a possibility.
Disclaimer:
This is not financial advice.
This information is shared for learning and entertainment purposes only.
Do your own research before trading.
I am just sharing what I see coming from this chart/my opinion.
Thanks a lot for reading.
Namaste.