Ripple will get its chance to shine. There are few who argue the opposite. In this quick idea though I show why this time is not quite there yet.
I have scaled XRP's timeline based on Bitcoin's Cycle from top to bottom. BTC's bottom of the previous Bear Cycle was mid December 2018 and the Cycle before on early January 2015. XRP's 2015/ 2016 consolidation/ accumulation phase thus lasted 800 days. If we apply this duration to the current accumulation Cycle, we should be expecting Ripple's parabolic rise to start around February 2021!
XRPUSD investors need to be patient and their patience will be rewarded. Don't get scared or over excited by the recent ups and downs. As you see on the chart it is all part of the accumulation process. December's (2019) 0.17 bottom though has to be respected through the remainder (350 days) of the accumulation phase, as it happened during the 2015/2016 Cycle.
When it pumps next month and April I’ll stop following you.
CH1APET
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@dicky_retardo, I also think XRP is going to pump sooner but that don't mean tradingshot isn't a solid follow. His BTC chart about the Market cycles is enough cred for me.
SpaceCatZ
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I do not agree comparing two charts like that. I used to buy xrp in multi millions back in 2014-2015. It was cheap back then. We always dreamed that one day this would go up to ultimate $1 dollar target...people made fun of us. they called that we are stupid to hold XRP...Xrp need a huge correction bla blah.. most of us did not wait to see this number because we are being told exactly that we need a time. I sold my giant XRP position one month prior to big rush to $3.4 rally. XRP is ready weather you agree or not. It feels exactly same pre-rally. This time I am not going too miss it like the last time.
Osemka8
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@SpaceCatZ, thank you for this insight. I'd appreciate it very much if you could describe it a bit more. I wasn't in the cryptospace back then and I'd really like to know what mentality was back then before/during/after the XRP pump.
SpaceCatZ
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@Osemka8, At that time, we were living in true chaos. Everyday I wake up I was hoping that we would not crash to absolute zero.Platforms was not safe at all(mt gox case is well known). There was only handful of currencies that is possibly worth buying and ether was not around till later. Bitcoin was very scary and it took forever to move up or down $10. Whenever we get any bad news originated from china market crashed 50% instantly. People did not check the fact if it was true news or now. you only had few second to sell before everybody else did.. Most of them were fuds and they did not stop manipulating the market...Manipulating the market by millionaires was so easy. And there was no leverage!!!! Only option was to hold and wait... Sell high buy cheap was the only profit method.
Xrp was promising but there was absolutely no actual usage, only theoretical ideas about the future. Which was enough to scare people away. This thing was going up and down 100% literally every month... Even then so many people was talking about how soon xrp will crash to 0 , we need to sell it immediately. We are talking about true risk and scare and true money making potential. Between 2015-2018 Xrp jumped twice by about 14x-15x in short period. This happened when people were not expecting not even close. Out of blue then boom. When XRp start rallying it turns into true madness. Right now I feel like we are getting close to another big action. How close nobody knows.We may or may not go down a bit in short term outlook but on the long run I see totally different picture. Xrp has been stagnant for 2 years this monster can wake up with one small initiation. It is time !
Osemka8
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@SpaceCatZ, thank you very much! I wish you all the best for the nexr run up!
satiev1
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Any estimate on next bull run peak price for XRP? I had my number at around $20.
satiev1
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Agree. XRP after hitting bottom in 2015 didn't move until mid 2017. That's almost 2.5 years. I expect xrp to move again in 2021.