On the log chart we can see xrpusd has been in this rising channel since it’s inception. Now, if it were to revisit the top trendline again the lowest price we would reach it at would be $138. Odds are it would retest the top trendline way later than that though. I know this price seems absolutely absurd but thats what this pattern is calling for. I will have already cashed out most if not all of my xrp before any crazy price targets like these ever get reached but I do hope it reaches 3 digits one day.*not financial advice*
@Decrazer, why so pressed when you really think you are right? why not just share your own opinion in a manner that could be taken seriously? Regardless of the future price of xrp, 10.000%, 20.000% or 50.000% gains do actually happen in crypto. The future crypto market will most likely tripple in the next few years, reaching over 10T $ market cap. For XRP to hit 17$, it would need the current market cap of BTC which is roughly 800 billion $. Considering the fact that price can move up or down regardless of what the market cap is doing, which is in fact happening all the time, the price could be moved up 1000s of % because not all XRP are being traded on the markets. Meaning, If there was a crypto coin with 100.000 Total Supply with 90% of the coins being staked and 9 % of coins held in wallets, only 1% of the actualy coins traded in the markets would affect the price of the coins being staked and held by the users/company, am I right?. That would mean that only 1.000 coins would affect the price of 100.000 coins. Same with every other crypto. This ultimately leads to the conclusion that market cap actually doesn't matter that much and that XRP could in fact even hit 589$ on the open markets. As long as people can imagine it at 10$, 50$, 500$, the coin could hit it. Does this mean everyone will be able to sell at that price? No. Only 1 guy sells at that price. 99% of the sellers will sell way earlier, just like you are planning to do.