Bitcoin was able to trigger massive excitement in the crypto space, especially since back in April when the bulls finally decided to come back to the markets.
Bitcoin-related predictions have been getting more and more bullish, and the forecasts involving other coins have been following the same optimistic path.
For instance, there’s a really bullish prediction on the horizon regarding the price of XRP, and it’s been revealed by the online publication ZyCrypto.
XRP could reach $23
The online publication mentions a crypto trader who goes by the name Credible Crypto and has recently expressed some really bullish views about the future of XRP.
“According to the trader, the 2013-2015 bear market was preceded by a period where BTC reached $1200, multiplying about 22x,” the publication writes.
They continue and explain that “As with most markets where people like to buy when prices are low, the asset saw a lot of accumulation and eventually witnessed a whopping 122x surge that culminated in Bitcoin’s all-time high of $20,000.”
The crypto analyst also draws a parallel between BTC’s bottoming pattern that has been molded during the 2014 and 2015 bear market and the bottoms that have been recorded by Ripple’s XRP.
He predicted that if XRP keeps following BTC and the coin can draw more parallels, XRP could surge more than 100 times its bottom.
“If $XRP follows BTC, its next run could be over 100x its lows of.23. With a multiple equivalent to what BTC did on its last run to 20k, this puts $XRP at around $28 which is a very reasonable expectation IMO. Remember – the longer the consolidation, the greater the expansion.”
You can read more explanations in the original article.
Ripple teamed up with MoneyGram
This partnership will be, without a doubt, another catalyst for a price surge.
Ripple’s Brad Garlinghouse told Bloomberg TV the partnership would help Ripple transform the cross-border payments industry.
“The deal is a big step for Ripple, but I think it’s even a bigger step for the overall industry.”
Fergus Reynolds joined Crypto Daily Gazette as managing editor in January of 2018 and is helping to lead the digital media startup’s next phase of expansion. A veteran business journalist with more than 10 years experience economics, Fergus has published content for Huff Post and Buzz Fee and was among the earliest journalists covering bitcoin and the innovations it later inspired. Fergus tells us he has “several” bitcoins.