Ripple Prediction: XRP Could Outperform Bitcoin In 2021

Ripple and XRP continue to make headlines these days with the firm making efforts to boost the XRP ecosystem but also to push the adoption of the digital asset XRP.

All that the XRP army of fans are waiting is to see the price of XRP mirroring the successes of the firm and the boosted adoption that’s been taking place.

Now, it’s been revealed that the alternative investment analyst Timothy Peterson said that he believes XRP gears up for a long-awaited breakout.

It’s been said that this could see the coin outperforming Bitcoin sometime during the next year.

XRP is near an inflexion point

He said that the Lowest Price Forward (LPF) metric suggests XRP is near an inflexion point.

He calculates LPF by marking the very last time when an asset was at a price that it appears highly unlikely to return and mapping its trajectory on a log scale to find out when the next boost in price will be taking place.

He continued and said: “Although Lowest Price Forward is strictly a price trend, I validated this trend with fundamental metrics from Coin Metrics.”

Bitcoin will probably not hit $20k this year

Regarding the king coin, he said that we’d probably not see BTC breaking $20k this year. He believes that there’s a 90% chance that BTC will only break its ATH next year.

Stay tuned and keep your eyes on the market.


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Andreas Townsend Author

I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.

2269 Articles

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CEX.IO

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Coinbase

2

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Binance

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Website

Top Casinos
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7bitcasino

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BitStarz

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FortuneJack

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1xBit

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Nitrogen Sports

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