I have noticed there is a lot of (wild and emotional) speculation going on and although wild things could always happen (it is crypto after all), I hereby share a medium-term price analysis which I think is a bit more realistic.
XRP was trending down since the ATH. On Sept 18 we see a breakout from a clear downward channel which started in May. The price then also took out the resistance @ 0.68, which helps to confirm that this is likely the end of the downtrend and signals a possible uptrend.
At the moment the price is retracing, which is normal market behavior after the rally that started Sept 18. This retracement could stop at current price levels or go back all the way to 0.27 (0.44 seems pretty likely though) after which I expect a rapid climb towards 0.85.
There we will see another retracement towards the old resistance of 0.51, which will then serve as a support from where the highs of April could be taken out. This is around EOY and corresponds with a price of about $1.
Starting 2019 we will see another retracement which could either be quite strong or just be a sideways market for some time.
After that, of course also depending on news/results, I expect prices will eventually soar towards the ATH, somewhere during the spring of 2019.
Of course it is very difficult to make predictions in this market, so I definitely stopped this analysis after 6-7 months. But I think
it is likely that we will eventually see a cup and handle pattern which could send us to $6-7 by the end of 2019.
Disclaimer: please keep in mind that this is just my vision and is not to be regarded as advice. Your guess is as good as mine, so do your own research and make your own plans.
A bit of advice to some:
1) Stop looking at 4hr charts or less. Prices behave erratically in any market, especially in crypto.
2) And also do not invest more than you are willing to lose, which makes 1) a lot easier.
Kind regards and good luck.