Ripple's price
We want back into our archives we found our analysis from a year ago in which we rightfully stated that XRP $0.26 was the most important price point. As clockwork XRP hit the same $0.26 level end of August / early September this year where it bottomed. The breakout point from the previous bull run has now become support.
This confirms Ripple’s new bull market. The chart below confirms it as well by the way.
Ripple’s long term chart shows a ‘pixel perfect’ rising channel. Our forecast is that Ripple will hit at least once again the top of this channel, maybe even twice, depending on how much of the above discussed potential they will materialize.
If, and that’s a big IF, all assumptions we made above will materialize (institutional money flowing primarily to Ripple’s XRP token, Ripple’s tech solutions converging and using XRP, Ripple’s continued growth without chasing revenue to reach network effects) we see Ripple hitting twice the higher side of this channel in the next few years.
As a base case forecast we see one touch to the upper side of Ripple’s long term rising channel with a price forecast of $20. So we are confident that our Ripple price forecast of $20 for 2019 will be hit, and consider this the base case scenario.
This confirms Ripple’s new bull market. The chart below confirms it as well by the way.
Ripple’s long term chart shows a ‘pixel perfect’ rising channel. Our forecast is that Ripple will hit at least once again the top of this channel, maybe even twice, depending on how much of the above discussed potential they will materialize.
If, and that’s a big IF, all assumptions we made above will materialize (institutional money flowing primarily to Ripple’s XRP token, Ripple’s tech solutions converging and using XRP, Ripple’s continued growth without chasing revenue to reach network effects) we see Ripple hitting twice the higher side of this channel in the next few years.
As a base case forecast we see one touch to the upper side of Ripple’s long term rising channel with a price forecast of $20. So we are confident that our Ripple price forecast of $20 for 2019 will be hit, and consider this the base case scenario.
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