The Ripple mathematical analysis shows whether XRP is able to ever reach the $26 price position as it is often the butt of many jokes due to its underperformance. One of the biggest jokes regarding XRP is the idea for a $589 per token which is basically mathematically impossible. We are reading more about it in the latest Ripple XRP news.
If Ripple eventually reaches other reasonable targets based on math stats, can it be a turning point for the asset? One popular crypto analyst predicted that XRP could reach $589 per token in XRP Turned into a huge joke. People love to hate Ripple and it was among the most hated coin during the crypto hype bubble because of the many accusations of centralization compared to Ethereum and Bitcoin.
The unstoppable hype around the entire asset class boosted the altcoin to more than $3.50 at its high from less than a penny a year ago. The growth of the altcoin prompted mainstream media coverage and news media outlets to teach traders how to buy the top. XRP crashed by more than 90% and each rally sold back by the XRP executives which only fueled more underperformance and the distrust in the asset.
The markets are cyclical so XRP shows a lot of signs that a close recovery is close after almost 900 days of a downtrend. The ripple momentum could result in a strong breakout and a surge. In the past, the asset increased by thousand of a percent against BTC and USD and there are chances that it will happen again. However, next time around, how high can it go? According to multiple analysts and their Ripple mathematical analysis, it could go anywhere from $5 to $26 per token. $589 per token is not possible yet even if the market cap gathered all of the assets in the world as the Match simply does not add up. Other predictions however are much more realistic.
Fibonacci numbers and ratios are used in trading to plot areas of interest such as support and resistance where the reversals could occur and the targets where the resistance doesn’t exist. According to one analyst, XRP could reach $26 per token if it reaches a Fib extension level of 1.618. This extension is cast from the top of the 2018 peak.
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