The recent crypto correction disappointed many crypto investors. However, every correction after a speculative rise comes with a cleanup. We strongly believe that Ripple will be among the winners of this recent ‘catharsis’. Ripple’s spectacular breakout this week is the ultimate proof of this.

As per our Ripple price forceast for 2019 we believe that the bear market for Ripple ended earlier this week. We even made a strong case that Ripple’s XRP token will reach 20 USD by 2020. That’s indeed a 50-fold rise against current levels.

This forecast only makes sense if Ripple ends its bear market, and enters a new bull market. Now that is exactly what happened this week.

Fundamentally, the crypto market looks great. We discussed this in great detail in 5 reasons why the crypto market looks promising in 2018 and beyond:

  • The birth of a totally new asset class: crypto.
  • Adoption is still very low, there is a lot of untapped potential.
  • Innovation in the crypto space is amazing.
  • The bear market in crypto prices results in a serious cleanup which is a good thing.
  • Bitcoin’s price remains in a long term bull market trend with solid support at $6000.
  • It may feel counterintuitive that Bitcoin’s price is bullish but that is due to sentiment. The bearish sentiment created by the media as well as disappointed (crypto) investors is huge. From a contrarian perspective, however, this is rather a great opportunity provided crypto fundamentals are solid.

    Note that we published the above mentioned fundamental crypto analysis at the depth of the bear market. It requires a lot of courage and conviction to do so, and we are confident our analysis will be proven right over time.

    Factual and unbiased analysis of the crypto market led us to conclude that the grand crypto bull market is alive and kicking. Moreover, deep analysis of Ripple’s XRP fundamentals make us even more excited.

    That’s because of the ‘catharsis’ that took place in the crypto market, as mentioned above. At least 80% of cryptocurrencies  are useless. They may be technologically cool, but have not sufficient added value on this planet.

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