It may not feel this way but Ripple’s price chart really looks very solid. Obviously we are talking Ripple’s XRP token. Many crypto investors are concerned because Ripple did not continue its path higher after it broke out on September 20th, and its second breakout attempt stalled. However, we remain firm on our Ripple Price Forecast For 2019 with 100-bagger potential just because of the fact we fundamentally believe that Ripple Is The New Bitcoin, and, so far, the Ripple price chart does not signal the opposite.
This article will be focused on the Ripple price chart, and less to its fundamentals, as part of the 100-bagger discussion.
The price chart of Ripple below shows the 2nd breakout attempt we mentioned above. On September 30th Ripple started to break out again, but after 2 days this attempt stalled and eventually failed. That’s why we always recommend to give a crypto market 3 consecutive days to prove its new direction.
From a chart perspective things are pretty clear and clean. In sum, solid. Ripple is back into its mega support area. That’s one week after the global market sell-off.
Moreover, Ripple did what it does very often: mislead the bears with a false breakdown.
Overall, the picture in Ripple looks very solid. Yes, it way sound awkward, and maybe even perma-bullish, which it isn’t, but we still see this future 100-bagger in Ripple.
The trick with 100-baggers like Ripple, however, is that only a small minority of crypto investors will realize its potential. Most crypto investors will be shaken out on the ride higher, on the one hand because of extreme volatility, on the other hand because of many misleading failed breakouts and breakdowns. That’s why we continue to stress to our premium crypto subscribers to exercise patience under the slogan ‘less is more’. Interestingly, everyone agrees with this theoretically, but we continuously hear crypto investors complaining because they cannot bring this into practice.
When it comes to the long term Ripple price chart, not shown in this article but in our Ripple forecast mentioned above, we clearly see that Ripple is on its path to realize its 100-bagger potential. That’s why crypto investors better only check the 4-year chart as opposed to checking the daily or even hourly price movements.