Below is the Daily chart from 2015 to present.
In around mid april this past year it was priced at 2x's present levels in bitcoin value.
As bitcoin gains huge value in small amounts of time we see a price pullback and altcoins catching up in dollar equivalant value. So as bitcoin settles in value before its next surge, let's say around tax time, all the legitimate altcoins will climb to all new highs.
Below are some charts of XRP from different views. Assuming history repeats itself, and we create a long term stair step up we should see a price of over $5 for Ripple around Mid May 2018.
On the Monthly chart above we see a huge green candle catching up for 6 months of drops in a month that will be very memorable in the crypto world.
Below is the weekly chart. Notice the Strong crossover on the MacD! If you got in 3 weeks ago it was perfect timing. But if you still haven't gotten any, don't worry. The Charts showing a strong uptrend that should continnue for a few months.
So why won't ripple hit its resistance point and just drop again?
Well, remember bitcoin was 3-5K when ripple was worth 0.0002btc. Now Bitcoin has touched 20k and is settling around 15k. This tells me the legitimacy of the Coin Market is Here To Stay! In knowing that, and knowing where ripple price has been historically tells me ripple is headed for a 4x's gain in value from it's present day value.
These charts can help show the future path. Ripple has proven legitimacy and they want their share of the coin market.
I only chart altcoins because in a sense, their value is hinged on bitcoins value and success.
Invest in bitcoin, Trade all others. Meaning Ripple will run, but will always take 2 steps back. So sell high before Bitcoin Price launches past 20k to stay.
The MACD and Volume are all looking Extremely Positive for the future growth maintaining its grip on a top CRYPTO!
New year will bring more money to the market. IMO most new money comes in to access the growing altcoin potential because bitcoin is too expensive. They will invest in proven altcoins such as ripple with plenty of room to grow. A non miner. When Ripple goes to 4xs gains they are more confident and knowledgable and will sell their Ripple for Bitcoin.
Isn't that the whole reason we buy Altcoins is to trade them for even More Bitcoin?