CandleFocus Power Law Analysis Predicts XRP to Surge 9,355% to $50 in Months
2024-09-07
Author: Content Editor
Levi Rietveld, a well-known crypto YouTuber, has used the power law, a mathematical concept, to predict the future price of XRP. Rietveld explains how this law accurately forecasted the price movements of Bitcoin and XRP in the past. He analyzes the log line chart of Bitcoin and applies the same method to XRP, suggesting that XRP could reach $50 per coin by mid-2025. While XRP trades at $0.5288 currently, it would need to rally by 9,355% to reach this target in less than a year. Rietveld advises increasing XRP positions now and believes there is a "perfect alignment" for a potential blowoff top for XRP next year.
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