Popular crypto analyst Benjamin Cowen says XRP will hit new all-time highs, but he thinks traders will have to wait a while.
Cowen tells his 478,000 YouTube subscribers that the market needs to consolidate, and no crazy price action is likely to happen with the sixth-largest crypto asset anytime soon.
He does, however, believe market cycles are lengthening for XRP – meaning the asset may soar in price during the current cycle.
“If you take a measured move from the current price to get to the prior all-time high, it would take around 436%. My guess is that XRP will make it to its prior all-time high this market cycle, but because I don’t really talk about XRP that much, there are probably some people watching this channel that have never even heard of the idea of lengthening cycles.
If the cycles really do lengthen like I think, and like many of us think now, then I