It was drew xrp A lot of comparisons During the past few months, but an analyst believes the best way to understand its future is to look at the Amazon past. XRP passes the same type of The unification of the Amazon unification in 2010And he still has the ability to gather to $ 200. However, the main difference is that investors need patience Before this gathering happens.
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XRP has been highlighted in the past seven days Through the trading range between $ 2.8 and $ 2.9. It seems that the cryptocurrency is now stuck in this range, but it contains I managed to seize $ 2.8 in the meantime. Interestingly, Anderson likened this transition to a similar re -test from the highest previous level by the Amazon stock (AMZN) in 2010.
In his position, Anderson highlighted how Amazon’s stocks spent approximately 3,800 days after the collapse of the Dot-Com, before the previous high heights exceeded and entered the meteor road. However, before entering this sidewalks, it was unified for a few months in 2010 immediately after breaking the highest level during the Dot-Com bubble.
According to Anderson, the current XRP structure follows a huge cup and a handle that reflects this amazon stock preparation, as the encrypted currency now used its highest levels as support in the same way as Amazon. Just as Amazon turned as soon as the resistance is cleared, Anderson believes that XRP can follow a similar intermittent path that can eventually pay for more than $ 100, and may reach $ 200.
Short -term expectations between $ 5 and $ 30
In his evaluation, Anderson pointed out that this expected rise to $ 200 may take many years to come. The comparison of the day price of about $ 2.80 with a $ 5 Amazon launch point before the huge gathering, this may be the best time for the long -term accumulation of XRP accumulation. For younger investors, XRP contract for the other It can be 10 to 15 years transformer, as at least 10,000 XRP reached one million dollars if the cryptocurrency increases to $ 100.
Despite his long -term expectations, Anderson is more careful about what XRP might achieve this course. He stated that although payment to $ 100 in the short term will be “completely crazy”, a more realistic goal for this bull run can range between $ 5 and 30. After that, another correction is expected to be placed before the assembly resumed at some point at the end of the contract.
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Anderson also left the room For the most explosive scenario, Noting that XRP can provide what it called “Rally Giga” if liquidity rush to the market faster than expected. This depends on the increasing expectation about ISO 2002 By the American Federal Reserve.
At the time of this report, XRP is traded at $ 2.81.
Distinctive image from Unsplash, tradingvief chart
The post Analyst Forecasts XRP To Stage Amazon-Like Rally To $200 first appeared on Investorempires.com.
