thinzman
Long

XRP, Established Pattern Continues

BITSTAMP:XRPUSD   Ripple / Dollar
If current trading conditions continue, XRP will continue to rise to 3.50 on the next cycle with a small 0.30-0.50 pull back after each established peak. Consolidation periods continue to shorten between upward trend cycles. Eventually, XRP will find a saturation point on the upside the curve will switch from a steep exponential/logarithmic pattern to a flatter inverse logarithmic pattern with less volatile swings in price. Depending on XRP based news, I'd estimate that the first cycle of these inverse stages could happen at a $5 price point where we'll see more upward resistance based on pure market cap numbers and the appetite for future traders to buy the coin at this price. Honestly, I think the high water mark for XRP is between $10-20 but likely may not be more than this due to the potential of Ripple labs to release more supply and control the price of the coin/token. Good luck in your trading and investing.
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