One Simple Chart to Explain Ripple (XRP) Coin's Explosive Growth Potential!
Among the top five cryptocurrency assets (as currently ranked by Coinmarketcap.com), you will want to take a VERY close look at Ripple (XRP). Here's why:
I'm going to break down the above chart in three sections for ease-of-reading, and for timelineness sake. For further details, you may refer to my earlier work regarding price or trading sentiment analysis.
#1 Normal Trading Range for Ripple (XRP)
The Ripple cryptocurrency typically trades in a range roughly between -20% at the low to +20% at the high. Of course, there are outliers that extend far beyond this range, but the aforementioned metrics are the average for XRP.
#2 Extreme Speculation Range for XRP
Note that between 3 or 4 cents to 10 cents, and 10 cents to $1 USD, we saw extreme bullishness that extended far beyond normal bullishness (see point #1). The most recent rally was simply unsustainable because there was really no accompanying, longer-term correction to help consolidate the Ripple market.
You can also reference my work on Bitcoin, which demonstrates the same pattern.
#3 Zone of Opportunity
The marked "zone of opportunity" for ripple is so because very little trading activity occurs in these price ranges, from where we are now (75 to 80 cents) to where it could go in the deep future ($10, $20?).
Mainstream investors will probably climb onboard when XRP hits $2 and higher. Why not consider getting in now when the Ripple cryptocurrency is significantly cheaper?
Thanks for a great blog post. When you say "Among the top five cryptocurrency assets (as currently ranked by Coinmarketcap.com), you will want to take a VERY close look at Ripple (XRP)." It would be very interesting to see the same graph for Bitcoin, Ether, Bitcoin Cash and Cardano. The Price Sentiment analysis for the top 5 coins side by side.
That's a great idea, thank you! I will look into it and see what format will look best in the Steemit platform.
Ripple i think will be a great investment. I honestly think it will take off to the moon. It just really sucks when i think of investing in a CENTRALIZED crypto. :( . I do own some yes, but i don't like that i do lol
I know exactly what you mean! I have ZERO problems riding this up, and then daytrading the scheisse out of this centralized crypto! :)
Love the post! Good info. I'm going through more of your material right now to see more!
Thank you! I put up a lot of similar analyses, as well as other tidbits that I believe many Steemians will find useful :)
Anytime! Will continue to read your work!
Yes... XRP is a very good option for long term gain. I am putting my money on Stellar Lumens though, the same person who created it Jed McCaleb and there seems to be a lot going on in the development side of it and it is priced lower than Ripple right now.
Anyway, these two tokens are the leaders in cross border payment transactions, so with the huge market potential, your money is in very good hands.
Yeah, that's a great point -- I see tremendous potential for both, if not all the top altcoins, due to the digital payments overhaul!
1 Thing that explains major Ripple growth: >75% of total supply is hold by 4 accounts. Hands down!!
Over $20 in 2018. XRP will have a monster year!
Get ready, we're about to blast off!
Ripple is super good! I got my lambo from investing in Ripple! :) Took me like 2 weeks! Please read my story and #Hodl