Ripple’s forecast that cryptocurrency will gain massive adoption by the new year (a new decade) was greeted with a gesture and euphoria from the crypto community.
As an addition, crypto traders are saying adoption will not just happen, but cryptocurrencies like XRP are now around the bottom low, and bullish rally will likely happen by 2020.
Many analysts have predicted that the bulls are imminent for XRP come 2020, and some are backing their optimistic forecast with the assertion that the XRP fractal at present is very similar to that of 2015 and 2016 which later resulted into an unimaginable spike in 2017 and 2018.
Crypto trader XRPWZRD on Trading View captioned the XRP trend on Poloniex in 2016-2017 and 2019-2020.
The analyst used different geometric shapes to indicate the similarities between the trend displaced by XRP in the 2016-2017 and what is obtained now.
While considering XRP pattern in 2017, XRPWZRD claimed the cryptocurrency is already at the bottom and will not go below $0.18. The analyst added that we’ve been buying at the bottom, hence reversal like that of late 2017 is more likely.
XRP Price to Reach $114 or $431 if History Repeats Itself – Analyst
Another analyst of XRP Canada on the trading platform joined the bullish prediction train. After falling to the bottom in November 2014, XRP gradually rose from the dip till it reached the peak in late 2017.
The analyst cited that XRP spiked by 77,630% in 2017, moving from $0.004 to $3.53. He however added that the cryptocurrency is repeating the same pattern, and it has reached the bottom just like it did in 2015.
XRP Canada posited that if the cryptocurrency repeats the same 77,630% gain garnered in 2017, it will rise from “$0.147 (based on previous long term support) to $114.”
Analyst XRP Canada said if the standard FIB retrace from 2015 is to be considered in making a forecast, the 127.618 level was in parallel to XRP all-time high. Hence, a replica of that would make XRP spike to $431 in 2020 if the bulls take over the bears completely.
