Let’s talk about Ripple (XRP) because I know what kind of discussion will be going on these days.
• Technically: It is expected to reach impressive numbers.
• Theoretically: It is also expected to reach huge numbers.
• Financially: I am not sure, but there are catalysts.
My expectations (everything is up to fate):
1. One sign of XRP’s unusual movement is that it will break through the 2017 all-time high of $3.3 before Bitcoin breaks through the psychological barrier of $100,000.
2. Another sign is that it will continue to rise even if Bitcoin and the broader market experience corrections, which means that XRP may continue to climb against the general market trend.
3. Technically, XRP’s triangle pattern is very similar to the triangle pattern in 2017. To get rid of speculative numbers, I marked a target range based on the breakout distance of this triangle. Remember, XRP exceeded this target in 2017 and even reached higher levels.
4. Targets of $7, $11, and $18 are reasonable, especially after the legal case with the SEC in 2021 crushed investors' hopes. In addition, XRP's delisting from US exchanges and exclusion from the massive liquidity of these markets could lead to a retaliatory influx of funds from its community, which is still frustrated by these events.
5. Currently, XRP's open interest is swollen, but the risk level remains low. This suggests continued upward momentum or a correction, followed by a faster rebound than before.
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