Hello all,
Good perspective for everyone wondering why I am very bullish on XRP long term.
For everyone that doesn't know, XRP was released in 2012. It had a tremendous growth of roughly 95,000% from March of 2017 to January of 2018. It flipped Etheruem on the market cap for some time as well. It has sat out on this current bull cycle. This is from the SEC lawsuit.
XRP pumped to a high of $3.84 when the total crypto market cap was $800 Billion. Today, the total crypto market cap is $1.5 Trillion, and XRP is worth only $0.53. XRP is extremely undervalued in comparison with other alts, and should be worth over $6.75 right now.
In 2017, XRP pumped almost 1,500% in just 4 weeks. I think we can see a similar price surge when Ripple wins the SEC lawsuit, and US exchanges begin trading. XRP is also the only coin in the top 50 list that has not entered a bull market yet.
As shown in charts, XRP has broken above its downtrend as it did in 2017 before the bull cycle. The RSI has began in a upwards motion after lying dormant for almost 2 years, this is the same with the STOCHASTIC RSI. When looked at on this long time frame, it is very evident even the charts are showing the cycle is just beginning.
Thank you! Please like and Comment !
Good perspective for everyone wondering why I am very bullish on XRP long term.
For everyone that doesn't know, XRP was released in 2012. It had a tremendous growth of roughly 95,000% from March of 2017 to January of 2018. It flipped Etheruem on the market cap for some time as well. It has sat out on this current bull cycle. This is from the SEC lawsuit.
XRP pumped to a high of $3.84 when the total crypto market cap was $800 Billion. Today, the total crypto market cap is $1.5 Trillion, and XRP is worth only $0.53. XRP is extremely undervalued in comparison with other alts, and should be worth over $6.75 right now.
In 2017, XRP pumped almost 1,500% in just 4 weeks. I think we can see a similar price surge when Ripple wins the SEC lawsuit, and US exchanges begin trading. XRP is also the only coin in the top 50 list that has not entered a bull market yet.
As shown in charts, XRP has broken above its downtrend as it did in 2017 before the bull cycle. The RSI has began in a upwards motion after lying dormant for almost 2 years, this is the same with the STOCHASTIC RSI. When looked at on this long time frame, it is very evident even the charts are showing the cycle is just beginning.
Thank you! Please like and Comment !
Follow me on twitter! twitter.com/traderview2