- XRP progressing back to the all time high regions.
- Looking to establish new high support levels.
- $3 USD the next price to watch out for.
It's hard for me not to like Ripple. It's one of those coins that I bought into only to see it trickle up and down in the teens with the dream that it would explode into $1000 USD. Whether brought into life because it's incredibly cheaper than BBB (Big Brother BTC ) or due to continued interest from the banking sector, investors now look to see XRP establish itself at the $3 dollar level. Should it follow the recent $2 USD support trend, it would shoot to $3.4, bounce back down to about $2.7 and then establish a $2.0-2.3 range.
As in previous posts, the question of market cap enters the discussion. If $5.5 is the market cap price top, then reaching $3 suggests it's next one dollar leap would indeed be a challenge. Though as you will also read in other people's comments of my previous XRP post, there are many arguments for the BBB market cap to not play a decisive role in the pricing of Ripple.
Trading at $2.5 now . . oh why oh why didn't I buy more....