XRP can see a growth of 27,000% since ATH and hit $1,000 per coin

23 Feb, 2019 | Updated: 23 Feb, 2019
by Joeri Cant
News
XRP can see a growth of 27,000% since ATH and hit $1,000 per coin

According to trader AinisSpainis, the third largest cryptocurrency, XRP, can see a growth of more than 27,000% from its peak, and hit $1,000 per coin in the next coming years.

The trader explained that his bullish prediction of the $1,000 mark is 'not a fanatic mumble-jumble price prediction', but that it is based on Fibonacci extensions drawn from previous lows to new all-time highs.

The hopeful trader points out that this has worked 100% from the beginning of XRP's life, but explains that for XRP to achieve these targets, a lot of things have to happen. 'But it's possible', he says.

Read more: XRP at $589? Is it really possible for Ripple's token?

'This is not fanatic mumble-jumble price prediction. Price target regions are based on Fibonacci extensions from previous lows to new ATH’s. This worked 100% from the beginning of XRP’s life. To achieve these targets, a lot of things have to happen. But it’s possible.'

However, the traders clearly explains that the candle pattern is for entertainment purpose only and that his prediction might take 3 years to achieve all the target zones. 'It could even take 10 years and more', the trader added.

What the community thinks

One reply to this extremely bullish prediction urges the trader to be realistic, however the trader remains committed to his calculations.

'Same thing when it was half a cent, 3$ were unrealistic.. There is nothing unrealistic in this world. Target regions are based on Fibonacci extensions from previous lows to new ATH's and this worked 100% till now. Nobody can tell how future will look for sure, but it's not a reason to be ignorant.Look at the past and draw the future.'

We can as well point to the fact that at one point it seemed impossible for Bitcoin to reach the value of even one single dollar. Whether it was $100, $1000, $10,000 and eventually $19,783, each and one of these prices were considered to be an impossible milestone at some point in the past.

The trader rightfully points out that in this crypto universe 'nothing is unrealistic'.

XRP itself has seen tremendous growth. You have to remember that back in 2017, XRP started at $0.006 and reached almost $2.80 by the end of December in the same year; representing a massive 35000% growth.

Read more: Is Bitcoin at $1 million really possible?

Although $1,000 per XRP coin might seem outrageous, many analysts believe that XRP will confidently reach new all-time-highs, considering Ripple's consistent growth towards consolidating the traditional financial network.

One analyst even went as far as making the claim that XRP is designed to carry a $10,000 value.

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Read more about: Ripple (XRP)

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