Ripple’s XRP Has This Very Recognizable Chart Pattern

Ripple’s XRP price should go to $20 in 2019, or, ultimately, 2020, is what we wrote in our Ripple price forecast 2019. In doing so we predicted that Ripple’s XRP would become the largest cryptocurrency. Readers may challenge us, saying the price of XRP is flat. Is our bullish forecast realistic? Yes, is our answer, and we would suggest to look at the long term chart of XRP. This chart pattern of XRP is very recognizable, isn’t it?

Fundamentally, Ripple remains the strongest story in the crypto space. Just last week we saw this news item on Ripple’s website announcing that the Ripplenet customer based is +200. This really looks like traction, and an acceleration going on in growth of the user base.

As per our fundamental Ripple analysis is is traction that is the key driver for identifying future outperformers in the crypto space:

The most important signs to look at is ‘traction’. In startup terms it means that there is product/market fit. This means that the startup develops a product or service in a way that it solves a problem for certain segments of the market. The larger the market the bigger the potential for the startup.

The other aspects like risk management, legal compliance, and so forth, will follow if and once a crypto startup gets traction. That’s where they will have access to capital which then creates room to attract the right partners to help in this space.

Ripple needs time to build its complex eco-system in a legally ‘correct’ manner

Ripple, the company, was very clear that they take this legal compliance topic very, very seriously. They work closely with the U.S. Fed, as explained in What If Ripple XRP Becomes The Federal Reserve’s Preferred Technology In 2019. We see that Ripple is doing the right things, but crypto investors have to give a minimum of time to allow Ripple to work things out properly with the official instances.

This article on CNBC is such a great illustration of how impatient people can be. There is a lot of misinformation in this article, only visible to astute readers though.

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