It is no secret that XRP is our favorite cryptocurrency in the altcoin space. Our XRP forecast of 20 USD is not only based on the strong fundamentals of the sector as a whole as defined in our cryptocurrency predictions but more importantly based on a detailed analysis XRP has the strongest fundamentals as a cryptocurrency. It is, by far, the fastest growing cryptocurrency in terms of adoption. This is based on facts and figures (see Why XRP Is The World’s Most Promising Cryptocurrency), no opinions and certainly not a desire of ours. As we look at the crypto charts in August of 2019 we see one very, very interesting trend on a not so widespread chart. The relative strength chart from XRP to BTC shows XRP at a strong BUY level.
Most investors tend to focus on the price chart of individual cryptocurrencies.
We continuously screen relative strength charts, both inside and outside of the crypto space. Relative strength makes lots of sense as a secondary indicator because it suggests in which direction money is flowing.
Follow the money, is what some smart investors said in the past!
The relative strength chart from XRP to BTC has this rising channel though with a very large differential between support and resistance. The chart below visualizes what we are talking about.
The series of higher lows in recent years is the single most important observation here. Combine this with the facts and figures about XRP, both in terms of adoption of the cryptocurrency as well as the massive inflow of institutional investors money, and you have an amazing BUY opportunity, chart wise as well as fundamentally.
What’s even more interesting is that many look at this situation as a sell opportunity. Their thinking goes like this: BTC has risen so strongly, XRP is so low against BTC, so XRP is bad.
Well, we have news for you. The most successful investor in history of mankind once said “buy low sell high.”
Similarly, in the previous crypto bull market, from 2015 to January 2018, BTC was the one to rise for 2 years in a row with all other altcoins to trade sideways or even fall lower.
We have seen this movie before.
The less obvious an investing opportunity (with great fundamentals), the higher its upside potential.
The rationale behind this is very simple: if an opportunity is not so obvious it implies not many investors got in. Consequently, you can reasonably expect a huge inflow once its price starts aligning with its fundamentals.
So if there is one, and only one, answer we have to all the naysayers about XRP, the ‘XRP is low and hence valueless’, the ‘XRP is not decentralized’, and the ‘XRP is an unregistered security’, it’s just this one simple answer: we love you guys!
We published a 6,000 word analysis on XRP and Ripple, with only facts and figures, backing up our investing thesis. Want to get access to this, instantly, then simply sign up for our cryptocurrency investing service and go to the page Ripple and XRP FAQ.
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