Key Points:
- XRP progressing back to the all time high regions.
- Looking to establish new high support levels.
- $3 USD the next price to watch out for.
It's hard for me not to like Ripple. It's one of those coins that I bought into only to see it trickle up and down in the teens with the dream that it would explode into $1000 USD. Whether brought into life because it's incredibly cheaper than BBB (Big Brother BTC) or due to continued interest from the banking sector, investors now look to see XRP establish itself at the $3 dollar level. Should it follow the recent $2 USD support trend, it would shoot to $3.4, bounce back down to about $2.7 and then establish a $2.0-2.3 range.
As in previous posts, the question of market cap enters the discussion. If $5.5 is the market cap price top, then reaching $3 suggests it's next one dollar leap would indeed be a challenge. Though as you will also read in other people's comments of my previous XRP post, there are many arguments for the BBB market cap to not play a decisive role in the pricing of Ripple.
Trading at $2.5 now . . oh why oh why didn't I buy more....
- XRP progressing back to the all time high regions.
- Looking to establish new high support levels.
- $3 USD the next price to watch out for.
It's hard for me not to like Ripple. It's one of those coins that I bought into only to see it trickle up and down in the teens with the dream that it would explode into $1000 USD. Whether brought into life because it's incredibly cheaper than BBB (Big Brother BTC) or due to continued interest from the banking sector, investors now look to see XRP establish itself at the $3 dollar level. Should it follow the recent $2 USD support trend, it would shoot to $3.4, bounce back down to about $2.7 and then establish a $2.0-2.3 range.
As in previous posts, the question of market cap enters the discussion. If $5.5 is the market cap price top, then reaching $3 suggests it's next one dollar leap would indeed be a challenge. Though as you will also read in other people's comments of my previous XRP post, there are many arguments for the BBB market cap to not play a decisive role in the pricing of Ripple.
Trading at $2.5 now . . oh why oh why didn't I buy more....