XRP To Hit New All-Time High, Predicts Analyst Benjamin Cowen – But There’s a Catch

0 29

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.

ADVERTISEMENT


 

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 would not necessarily lose faith in XRP putting in a new all-time high, even if it doesn’t do it in 2021. Even if this doesn’t happen in 2021, it doesn’t mean that over the next couple of years it’s not going to trend higher, okay? Remember that. Keep that in mind.” 

XRP’s price top of about $1.92, which the asset hit in April, is still down about 45% from its all-time high of $3.84 set in January of 2018, which Cowen says is likely due to the current U.S. Securities and Exchange Commission lawsuit against Ripple.

XRP is down more than 8% in the past week and is trading at $0.62 at time of writing, according to CoinGecko.

[embedded content]

l

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

ADVERTISEMENT


 

Check Latest News Headlines

ADVERTISEMENT

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Mia Stendal

Leave A Reply

Your email address will not be published.

bitcoin
Bitcoin (BTC) $ 59,357.00
ethereum
Ethereum (ETH) $ 4,029.52
binance-coin
Binance Coin (BNB) $ 458.27
tether
Tether (USDT) $ 1.01
cardano
Cardano (ADA) $ 1.96
solana
Solana (SOL) $ 188.15
xrp
XRP (XRP) $ 1.04
polkadot
Polkadot (DOT) $ 41.35
dogecoin
Dogecoin (DOGE) $ 0.298215
shiba-inu
Shiba Inu (SHIB) $ 0.000073
usd-coin
USD Coin (USDC) $ 1.00
terra-luna
Terra (LUNA) $ 40.19
chainlink
Chainlink (LINK) $ 29.95
avalanche-2
Avalanche (AVAX) $ 62.35
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 59,138.00
binance-usd
Binance USD (BUSD) $ 1.00
uniswap
Uniswap (UNI) $ 24.55
litecoin
Litecoin (LTC) $ 184.71
matic-network
Polygon (MATIC) $ 1.86
algorand
Algorand (ALGO) $ 1.81
cosmos
Cosmos (ATOM) $ 38.92
bitcoin-cash
Bitcoin Cash (BCH) $ 561.52
vechain
VeChain (VET) $ 0.126901
fantom
Fantom (FTM) $ 3.34
stellar
Stellar (XLM) $ 0.339144
dai
Dai (DAI) $ 1.01
axie-infinity
Axie Infinity (AXS) $ 125.01
internet-computer
Internet Computer (ICP) $ 41.73
ftx-token
FTX Token (FTT) $ 58.21
tron
TRON (TRX) $ 0.093120
ethereum-classic
Ethereum Classic (ETC) $ 50.69
filecoin
Filecoin (FIL) $ 55.97
near
Near (NEAR) $ 12.06
compound-ether
cETH (CETH) $ 81.11
theta-token
Theta Network (THETA) $ 6.24
okb
OKB (OKB) $ 21.96
staked-ether
Lido Staked Ether (STETH) $ 4,021.16
hedera-hashgraph
Hedera (HBAR) $ 0.361365
tezos
Tezos (XTZ) $ 5.99
elrond-erd-2
Elrond (EGLD) $ 252.71
crypto-com-chain
Crypto.com Coin (CRO) $ 0.188405
monero
Monero (XMR) $ 262.77
the-graph
The Graph (GRT) $ 0.936655
aave
Aave (AAVE) $ 322.33
pancakeswap-token
PancakeSwap (CAKE) $ 18.04
eos
EOS (EOS) $ 4.33
harmony
Harmony (ONE) $ 0.361285
cdai
cDAI (CDAI) $ 0.021790
olympus
Olympus (OHM) $ 1,159.71
klay-token
Klaytn (KLAY) $ 1.52
quant-network
Quant (QNT) $ 283.30
flow
Flow (FLOW) $ 12.19
compound-usd-coin
cUSDC (CUSDC) $ 0.022399
thorchain
THORChain (RUNE) $ 12.18
iota
IOTA (MIOTA) $ 1.22
ecash
eCash (XEC) $ 0.000177
kusama
Kusama (KSM) $ 363.18
bitcoin-sv
Bitcoin SV (BSV) $ 160.05
leo-token
LEO Token (LEO) $ 3.13
neo
NEO (NEO) $ 40.43
waves
Waves (WAVES) $ 28.00
terrausd
TerraUSD (UST) $ 1.00
helium
Helium (HNT) $ 25.77
bitcoin-cash-abc-2
Bitcoin Cash ABC (BCHA) $ 133.92
huobi-btc
Huobi BTC (HBTC) $ 59,376.00
arweave
Arweave (AR) $ 46.18
bittorrent-2
BitTorrent (BTT) $ 0.003466
magic-internet-money
Magic Internet Money (MIM) $ 1.01
celo
Celo (CELO) $ 6.32
maker
Maker (MKR) $ 2,276.08
sushi
Sushi (SUSHI) $ 10.47
amp-token
Amp (AMP) $ 0.042065
enjincoin
Enjin Coin (ENJ) $ 2.12
celsius-degree-token
Celsius Network (CEL) $ 4.69
curve-dao-token
Curve DAO Token (CRV) $ 4.92
blockstack
Stacks (STX) $ 1.84
safemoon
SafeMoon (SAFEMOON) $ 0.000003
compound-governance-token
Compound (COMP) $ 307.60
dash
Dash (DASH) $ 179.08
holotoken
Holo (HOT) $ 0.010333
omisego
OMG Network (OMG) $ 12.82
theta-fuel
Theta Fuel (TFUEL) $ 0.320760
zcash
Zcash (ZEC) $ 149.53
havven
Synthetix Network Token (SNX) $ 9.48
nexo
NEXO (NEXO) $ 2.95
chiliz
Chiliz (CHZ) $ 0.306739
huobi-token
Huobi Token (HT) $ 9.13
decred
Decred (DCR) $ 108.73
ecomi
ECOMI (OMI) $ 0.006688
nem
NEM (XEM) $ 0.159515
spell-token
Spell Token (SPELL) $ 0.019520
secret
Secret (SCRT) $ 9.13
qtum
Qtum (QTUM) $ 12.44
icon
ICON (ICX) $ 1.89
mina-protocol
Mina Protocol (MINA) $ 4.59
true-usd
TrueUSD (TUSD) $ 1.01
kucoin-shares
KuCoin Token (KCS) $ 15.86
zilliqa
Zilliqa (ZIL) $ 0.096705
yearn-finance
yearn.finance (YFI) $ 34,227.00
osmosis
Osmosis (OSMO) $ 5.64