Xrp will hit an all-time high, analyst Benjamin Cowan predicts, but there is a catch

Popular crypto analyst Benjamin Cowan says XRP will hit an all-time high, but he believes traders will have to wait a bit.

Cowan tells his 478,000 YouTube subscribers that the Sunday needs to be consolidated and that a crazy price move with the sixth-largest crypto assets will not happen anytime soon.

 
However, he believes market cycles are an extension of XRP, which means it could increase the price of assets over the current cycle.

“If you measure a move from the current price to the previous all-time high, it costs about 436%. I predict XRP will hit a previous all-time high this Sunday cycle, but since I don’t talk much about XRP, there are people watching this channel who have probably never heard of the idea of expanding cycles.

If the cycles are indeed as long as I think they are, and as many of us think now, then I would not rely on XRP to lose a new record high, even if not in 2021. Even if it’s not in 2021, it doesn’t mean it won’t be higher in the next few years, okay? Don’t forget it. Keep this in mind.” 

January April’s maximum price of $ 1.92, which XRP actively reached, is down about 45% from its record high of $ 3.84 set in January 2018, which Cowen said was due to the U.S. Securities and Exchange Commission’s ongoing lawsuit against Ripple.

Xrp fell more than 8% last week and was trading at $ 0.62 at the time of writing, according to CoinGecko.

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