The evidence is growing: annual XRP price forecasts by InvestingHaven’s research team are spot-on. We have a high level of confidence that our XRP price forecast for 2021 will be highly accurate, regardless of the ‘collective opinion’ on XRP. Not that our XRP prediction for 2021 is one of the many annual market forecasts we publish. We are confident that XRP will be directionally XRP higher in 2021. We are not sure if our long standing target of 20 USD will be hit in 2021, but we do know for sure that 2021 will be a year in which it will become clear that XRP is moving towards our 20 USD target. As said in our 6 Must-Read Cryptocurrency Predictions For 2021 we believe the secular crypto bull market will accelerate throughout 2021, and XRP will thrive similar to how it did thrive in 2020.
[Must read editorial note on 12.23.2020: A very, very disruptive day for XRP. Following the SEC lawsuit against Ripple and its CEO as well as founder it is breaking the long term setup in XRP. From the most beautiful and powerful long term bullish reversal in history to the most concerning cryptocurrency, in one month time. This is the most extreme case we have ever seen, and probably will see, in our lifetime. Needless to stay, XRP is not a buy at this moment, on the contrary. The long term XRP chart suggests crypto investors to seek protection against a severe drop as opposed to speculate on a price rise.]
If anything, InvestingHaven’s research team made clear this year that cryptocurrency forecasting (which includes XRP forecasting) is one of its strengths. When the entire world started believing in the FUD surrounding XRP that was created in magic Twitter-land … the market did what it had to do: push price in the the opposite direction.
History of markets are full of these examples. Better spend time studying markets, its history … instead of losing precious time on Twitter listening to FUD of creators who take themselves seriously.
As long as you haven’t spent the minimum required 7,000 hours of study and research in a certain domain, you better simply shut up. Because the nonsense you are sending to the world is going to harm innocent people. That is bad practice, and goes against universal principles of giving-and-taking.
Highly Accurate XRP Price Forecasts by InvestingHaven
InvestingHaven followers were really in a different spot. They got the guidance that was required to be positioned correctly for the first burst that started on 11.20.2020 (in a series of many bursts), a day we will always remember.
Even in the public domain we wrote this in our previous annual XRP price forecast:
We believe that XRP is setting a giant rounding pattern. A major rounding bottom or ‘saucer base’ in more technical terms. Eventually this will resolve to the upside, and we believe that XRP will set a major bottom in the first half of 2020 before starting its steady rise.
In our cryptocurrency investing premium service we explained in great detail how this formation tends to have a bullish outcome, provided it respects this formation of course. We saw an analogy with the 5 decade long silver price chart. The comparison is striking, not only because the setup is almost identical but also because of the 10x faster factor (the time silver spent to consolidate before bottoming is almost identical as 1/10th of the time XRP doing the same).
Moreover, we used a few quotes from what our premium crypto members received, and published it in the public domain (previous annual forecast):
Look around you, the number of folks being negative on XRP is growing. That’s what we realized when we wrote this XRP message on Twitter a few days ago:
It requires a lot, really a lot of courage and conviction to write this bullish XRP prediction when the entire world goes against your market call.
Note the time stamp of this Twitter message. It was posted in the public (both Twitter and our own site) in December of 2019. And the market moved to 0.80 USD, exactly as predicted in November of 2020.
Doing nothing between then and now was the one and only best thing to do. The least effort, but the hardest thing to do … and our premium crypto members got that advice: do nothing!
The Conviction Of Our Bullish XRP Predictions: Charting + Adoption
We often got the question why we were so bullish on XRP? And the answer is very simple: the chart combined with real world adoption was a killing combination.
Let’s look at this duo separately. First the chart.
This is what we wrote in our annual XRP price forecast one year ago:
The XRP chart seen below is a massive, giantly bullish reversal. In fact, it is THE most powerful reversal on XRP’s chart since its inception (yes more powerful than the one in 2016/2017). Arguably, among the most powerful reversals among all cryptocurrencies out there.
This chart has the key, and it shows this massive powerful reversal setup.
We even went one step further, and described it ‘even in the public domain‘ (not just to our premium crypto members) as follows: XRP Has The Most Amazing Chart Ever In History Of Financial Markets
Bold statements, right?
And yes, the market is proving this right. It’s just that this ‘proving it right’ will be a gradual process, and it will go with bumps along the road. But if anything, XRP has shown the world that is only needs a few days to run so much higher that it makes up for the waiting, regardless whether it is a year of waiting that goes into it!
As far as adoption is concerned, we’ll publish a few quotes from our proprietary research, in the next chapter below.
XRP Forecasting Based On Adoption, Really?
And that’s what makes crypto investing unique: cryptocurrencies are an emerging asset class based on an emerging technology. Better take this into account when forecast cryptocurrencies, particularly when forecasting future XRP prices.
This is also a big difference with traditional stock (market) forecasting. You better don’t forecast future stock market prices based on fundamentals, it simply doesn’t work.
Regarding XRP adoption we’ll use 2 quotes from our proprietary research. Note that we published this in our restricted research area, and premium crypto members received this more than a year ago!
The first quote that our premium crypto members received goes back 2 years in time.
Roy Amara’s law: He said that we tend to overestimate the impact of a new technology in the short run, but we underestimate it in the long run. Really spot-on based on the evidence that was shown, but also as an overall red line across all presentations we saw.
We used this quote many times in our premium service, and it was one of the reasons why many did hang on. This is not just a quote, it’s also not our quote … but it’s a quote that was established over many decades. So it’s history repeating itself, acknowledging that history rhymes and doesn’t repeat.
One of the recurring questoins from our members was this: XRP is not decentralized or scalable, several people are very negative about XRP and Ripple. They said: “It’s all just confusing to a novice like me. You are bullish and positive, some other guys are negative and bearish.”
What follows is our answer: The technical answers to most of these questions are here in an article that we published in the public domain, because it was based on publicly available information: 10 Facts about Ripple’s XRP for investors. We analyzed several documents and listened to in-depth interviews with executives of Ripple.
What you have to know about Ripple is that there are many proponents, but also a small group of opponents which tend to be very vocal. Very strange, but also very striking. We have analyzed the counterarguments of the opponents, and don’t see lots of value in it when looking at things over time (with the timing dimension in mind). Some arguments may be somehow relevant at present day, but not taking into account the evolution that we see in Ripple’s value proposition and tech stack. Don’t forget these are relatively new technologies, they need time to evolve and comply with legal, banking systems, blockchain principles, and so on and so forth. In sum, we don’t attach too much value as the arguments of opponents are pretty weak at best, and irrelevant over time.
Once you start focusing on what Ripple is establishing and accomplishing you can only conclude that this is truly amazing. Not any other cryptocurrency comes close to their accomplishments. That’s OUR focus to assess cryptos: value creation in the real world, and evolution in terms of progress over time. That’s the of our bullish XRP price forecast.
The only and best way to understand Ripple is by comparing it with Amazon’s early days
Now that’s a statement, right? Comparing Ripple with the largest tech company in the world?
What if an investor back then would look at Amazon and say that it’s a book seller without stores? They would have missed an amazing investing opportunity!
Now, 25y later, we obviously understand that Amazon should not be compared with a traditional book seller. Amazon un-bundled the purchasing experience of books, videos, music, and so many other things, and re-bundled it in a totally different way based on personalization and improved customer experiences, essentially all great benefits that the internet as a technology offered! They fully leveraged all technology benefits on the internet, in a way nobody else had done before!
Small detail: Marc Andreessen, one of the most successful investors on the internet, said that the most successful internet companies did one thing very well, in a visionary fashion: un-bundle old services and re-bundle them by leveraging possibilities of the internet. Read the Harvard Business Review article here.
Do you start seeing any similarity with Ripple, and XRP?
- If you compare Ripple with Swift or any other banking service, you are missing the point.
- If you don’t understand the grand vision of the internet of value, you are missing the point.
- If you don’t understand which benefits the blockchain brings, you are missing the point.
- If you don’t see how Ripple is leveraging digital assets to do things that nobody else has done before, you are missing the point.
- If you don’t realize how much ‘problems they solve’ with technology, or vice versa to which extent they leverage the technological possiblities, you are missing the point.
- If you don’t see how Ripple has been growing during the recent crypto winter, as opposed to 99% of all other crypto startups, you are missing the point.
This is what we added:
Next time you read a negative report that only talks about market cap and does not mention any of the points we make above, think twice before you get concerned.
Many more quotes, based on extensive research, were the basis of our long term bullish XRP forecast.
XRP Price Forecast For 2021: First Target 3 USD
If we then look at the long term XRP chart, which is the one we need to find relevant future price targets, it is pretty clear that XRP 3 USD is now underway. It may happen early 2021, mid 2021, or late 2021.
What matters is this: investors need to let the market do its thing, as the market will make its way higher to 3 USD XRP.
This long term chart is one amazing bullish reversal. And note how the area in green is the one that makes the difference on this chart. We zoomed in on this green area, and the previous chart above shows this period as a close up.
#XRP will hit 3 USD in 2021, and will confirm its path to 20 USD in 2021. It may or may not hit 20 USD in 2021, but #crypto markets will show that 20 USD will be underway. That's the latest #XRP forecast by InvestingHaven's research. Click To Tweet
XRP Price Prediction Beyond 2021: 20 USD
It really doesn’t matter whether XRP will hit 20 USD in 2021, or any later point in time.
[Must read editorial note added on 12.23.2020: On 12.23.2020 we shared a note to our premium members explaining our viewpoint on the short and long term prospects of XRP. It’s not looking good, is the short version. This implies that our long term forecast of 20 USD is on the verge of being invalidated! If XRP falls below 0.25 USD for 3 consecutive days, our bullish long term price forecast will be invalid!]
And there are 2 reasons why we strongly believe that XRP will ultimately hit 20 USD, or any price point close to 20 USD.
- Reason #1: The long term chart clearly shows the 11 to 20 USD as the achievable price range. It’s not the long term chart we have included in this article. We wouldn’t do justice to our premium members paying a small fee for their membership if we would reprint that one special long term XRP chart in the public domain. You can easily find it back in our restricted research area, just go to the ‘blockhchain alerts’ and read through the 2020 alerts (after signing up here).
- Reason #2: Network effects will kick in. Read more about this below.
Shout out to Chris Smith on Medium.com who published this picture which is exactly what we were looking for: network effects! Mind the difference between the ‘right path’ (black lines) vs. the pitfall (green lines).
The point about network effects is that they build up slowly, but accelerate very fast in a very short period of time.
What plays a critical role here is that Ripple probably is not short on capital. This sets Ripple apart from almost any other startup. Their growth path suggests they will not make the mistake of being on the green path on the chart above, most likely they will remain on the black line. Note: the black line is the right path to achieve network effects.
The network effect is one major underlying force at work but we see 3 more fundamental catalysts underpinning our long term XRP price forecast beyond 2021.
- “Convergence“: Ripple announced plans recently that their different technology solutions will converge over time into one stack. They also said the XRP token will play a functional role in there. This news went under the radar because it came out when the crypto markets was declining. However, it is this 1% of relevant news as per InvestingHaven’s 1/99 rules.
- Institutional money will flow primarily into Ripple’s XRP token. If you were an institution with millions of dollars to invest which cryptocurrency would you choose with a ‘low risk high reward’ perspective? In the first place: Ripple is the ONLY crypto company with so many respected clients. Would you put money into Bitcoin cash (what added value does it deliver)? Or in EOS (with typical Chinese nontransparency)? Tether (what are they doing) or Litecoin (its founder selling all its holdings last year)? The serious money will flow into Ripple’s XRP first, is our forecast, then Bitcoin and Ethereum and Stellar Lumens.
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[Must read editorial note added on 12.23.2020: On 12.23.2020 we shared a note to our premium members explaining our viewpoint on the short and long term prospects of XRP. It’s not looking good, is the short version. The long version is available for premium crypto members, in the ‘blockchain alerts’ section, visible right after signing up.]