The slump affecting the crypto market continues, and Ripple’s flagship product XRP is not immune. The third-biggest coin based on market capitalisation is currently hovering around the $0.46 to $0.48 mark, down from $0.53 last week and 80% below its January 4 peak of $3.31. But change is inevitable, and what can we expect when the next bull run hits?
Well, a good starting point would be to look at the historical trends of Bitcoin, the benchmark against which all other cryptos are considered. Say we take the previous four bull trends beginning in 2011 (4,167%, 1,900%, 804% and 1,804%) and use their average to predict the next one: we would arrive at a prediction of a 2,190.25% increase in value.
So what does this mean for Ripple XRP? We’ve seen over the past few years that all the major cryptos tend to follow the same trends both up and down, so if we apply this prediction to Ripple XRP at a value of $0.48, it would signify the crypto surging to an all-time high of $10.51.
The slump affecting the crypto market continues, and Ripple’s flagship product XRP is not immune. The third-biggest coin based on market capitalisation is currently hovering around the $0.46 to $0.48 mark, down from $0.53 last week and 80% below its January 4 peak of $3.31. But change is inevitable, and what can we expect when the next bull run hits?
Well, a good starting point would be to look at the historical trends of Bitcoin, the benchmark against which all other cryptos are considered. Say we take the previous four bull trends beginning in 2011 (4,167%, 1,900%, 804% and 1,804%) and use their average to predict the next one: we would arrive at a prediction of a 2,190.25% increase in value.
So what does this mean for Ripple XRP? We’ve seen over the past few years that all the major cryptos tend to follow the same trends both up and down, so if we apply this prediction to Ripple XRP at a value of $0.48, it would signify the crypto surging to an all-time high of $10.51.
Read more: Crypto Daily
