Current status:
Blue dashed Up-Trendline
Red dashed down-Trendline
They form a triangle (continuation signal).
The blue Up-Trendline will cross the red-dashed Trendline in 2 days moving the prices up...
The fibonacci expansion reveals the following targets:
* first Target (Fibo 1.61) of 0.000136, which would be a FIVE FOLD of the current price
* second Target (fibo 2.61) of 0.000205, which would be a 8 FOLD of the current price
But ripple made an incredible price gain > fibo 4.16 previously so I am expecting to reach 0,0004 in this year which would be a 15 fold of the current price.
The reason for those incredible price gain is in my opinion, that ripple protocoll is used/examined by 150 banks.
Big investors buy ripple for this reason, yes and in the long term could ripple catch bitcoin, making everybody investing in ripple to millionäers..
If we adjust the ripple total circulation (37,884,925,434 XRP) to the of bitcoin (16,294,562 BTC) cost a ripple 76$, which is compared to bitcoin 16 times cheaper. (37884925434/16294562)*$0.033020 =76$.
So if ripple will be used valuated like bitcoin it will reach 0,0004, making it as valuable as bitcoin.
As a computer scientist, I believe that ripple will add a programming language to ripple as like ethereum (because it makes sense, and it should be easy to implement), enabling it to be used for many types of applications and not just for payments..