Lately, we have been using the analysis of Jesse Livermore, and we have used this work for alts as well. The application of this work to both Ethereum (ETH) and Ripple (XRP) has worked out well for us.
Looking at the market cap table from coinmarketcap.com, we see Ethereum (ETH) has a market cap of roughly $24 billion, and Ripple (XRP) has a market cap of roughly $18 billion.
In our experience, these two coins — despite their different functions — have historically had similar market caps.
That means a bullish feedback loop is developing. The higher Ethereum (ETH) goes, the higher Ripple (XRP) goes. The more room Ethereum (ETH) has to go up.
Looking at the Ethereum (ETH) chart, we continue to see an upside target of $400 (Figure 1). That target may be too low.
If Ethereum (ETH) makes that kind of move, we see Ripple (XRP) playing catch up and moving to $1.20 and possibly higher.
Bottom Line: Based on what Ripple can do on the upside and the perceived link between the Ethereum (ETH) and Ripple (XRP) market caps, an upside explosion is about to unfold in crypto. These two coins will be leading the next charge.
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