XRPLong
XRP Ripple - Where can the top possibly be?!
Good morning friends!
EVERYBODY is talking about RIPPLE. The dead discords are coming back to life! The army has come out of hibernation and are once again claiming they'll be rich again!
Fact of the matter is, if you invested $100,000 in Ripple in January 2017, you probably still have $100,000 today. I use that timeframe because that's when the craze was hitting the streets.
Now, to the meat and potatoes. I explain in greater detail in the video, but I outline that the BTC market cap currently is at 1.9T roughly and the XRP market cap is only 146B - again, basically what it was in January 2017, but BTC is 400% higher. That makes it reasonable to assume that XRP can go 400% from the highs it had in 2017, right? Putting the projected ATH at ~$16? Well, you can look at it that way, but I'm a technical analyst so I put my spin on things a bit.
There is a WEDGE pattern that we've seen ever since the bubble popped. If you take proper measurements and projections, you come up with targets around $5.50 at the 61.8 trend based fib extension and about $20 at the 100% trend based fib extension.
Both of those targets still don't overtake BTC - and believe me, I don't think that will happen (overtaking BTC).
Be very careful - and until you trust somebody with the specific kind of information they're sharing with you, don't trust anybody trying to sell you something - or trying to get you to buy anything. Develop trust before you blindly listen and get burned. I'm simply saying be careful not to FOMO into the next PNUT. Too soon? Sorry friends. This is how cycles work unfortunately.
EVERYBODY is talking about RIPPLE. The dead discords are coming back to life! The army has come out of hibernation and are once again claiming they'll be rich again!
Fact of the matter is, if you invested $100,000 in Ripple in January 2017, you probably still have $100,000 today. I use that timeframe because that's when the craze was hitting the streets.
Now, to the meat and potatoes. I explain in greater detail in the video, but I outline that the BTC market cap currently is at 1.9T roughly and the XRP market cap is only 146B - again, basically what it was in January 2017, but BTC is 400% higher. That makes it reasonable to assume that XRP can go 400% from the highs it had in 2017, right? Putting the projected ATH at ~$16? Well, you can look at it that way, but I'm a technical analyst so I put my spin on things a bit.
There is a WEDGE pattern that we've seen ever since the bubble popped. If you take proper measurements and projections, you come up with targets around $5.50 at the 61.8 trend based fib extension and about $20 at the 100% trend based fib extension.
Both of those targets still don't overtake BTC - and believe me, I don't think that will happen (overtaking BTC).
Be very careful - and until you trust somebody with the specific kind of information they're sharing with you, don't trust anybody trying to sell you something - or trying to get you to buy anything. Develop trust before you blindly listen and get burned. I'm simply saying be careful not to FOMO into the next PNUT. Too soon? Sorry friends. This is how cycles work unfortunately.
CE - BitDoctor
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