Bullish signal/price prediction
I believe XRP will go towards 3.50-5 dollars over the next month due to the behavior I'm seeing in the chart.
Yes it's forming a cup and handle, which is great, but the stability we're seeing is such a strong sign that we have a majority of traders buying and holding their tokens.
I think people are anxiously waiting for good news, slowly buying and taking small profits because they are coming to the realization that the technology behind XRP is huge. Major institutions are hording XRP, and it really has no large competitors other than Swift, which is a dinosaur in comparison to Ripple.
We have several big announcements coming for XRP, on top of the inauguration.
The inauguration alone is probably the #1 thing people are waiting for because Trump is so pro crypto, if he makes a single comment towards XRP, that number will FLY up past 3 dollars. The momentum could take it to 4, best case scenario with institutions openly discussing XRP I think we see 5 in the following months after January.
If anyone like Schwaub, Chase, or JP Morgan comes out and says they'l adopt XRP, the floodgates are open. Why would you stay with a bank that takes days to do transactions +fees when you could switch and have these done instantly for virtually free? This will produce a cascading effect where everyone follows, and at that point I could easily see XRP passing the 50 dollar mark within two years. Just good for thought.
TL;DR
3-5$ within a few months if positive PR after January.
50-100 dollars within 3 years if there is major adoption by banks.
