Ripple Gets Immune To Market Trends: Why XRP Price Is Said To Skyrocket Soon?


Ripple Gets Immune To Market Trends: Why XRP Price Is Said To Skyrocket Soon?

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Contents

XRP seems to be moving against the logic of the crypto market: it shifts in price up to and down in the opposite direction when we don’t expect that. The same thing is happening now, and traders get inspired. Will XRP break out the resistance line? Why traders keep a bullish outlook at XRP? Read XRP price predictions from tradingview users – they share interesting opinions about the short- and long-term future of Ripple.

Some patterns to think about

XRP patterns can invalidate

XRP/BTC is in a critical spot right now that could either confirm long term reversal or potentially endanger the year-long low. In the last two months, XRP has broken up from a descending channel (indicated by the red arrow), a pennant (indicated by the blue arrow) while forming another major pennant in the process (green line).

A break up from the green line would indicate three moves up from three major interim patterns in a row, potentially a very bullish sign and could confirm a true reversal in year-long terms.

A move down from the green support line would reject this pattern and leave us with little support on the way down t 0.00000004600 area set on May 26th, the year-long low from May 19th would be our next major support. Should we break down there we are still in a long-term bear market.

Thus, big moves are coming up from XRP. We might see this pattern fully break out before entering.

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Volume is driven by rumors

Breaking resistance can trigger growth

The user CryptoNTez has noticed that XRP Rumors around MoneyGram being acquired by Ripple are giving some boost in volume to XRP today. Indeed, making a buzz around a cryptocurrency can be very profitable, but will it give Ripple the long-awaited kick?

If you’re still unsure whether XRP is worth your attention, consider keeping an eye into it. If we cross over 5500 sats resistance, it may trigger a bigger move. Volume has been increasing over the last days, and if things keep going like this, Ripple can bring some bang for your buck.

Trend reversal is near

Trend reversal coming

Local Top on BTC giving space for alts to make some bullish moves. XRP is above moving averages which have proven to be resistance for more than 3 months. This is a significant sign. So, why user ChristiaanvanderMerwe is bullish about XRP/BTC pair? There’s a trend reversal coming, it’s possible thanks to:

  • Price trading above moving averages;

  • Golden Cross forming between 50 and 200 MA;

  • High volume potential for a resistance breakout.

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Bollinger bands will make XRP explode

XRP can grow by 50-80%

Here’s one more positive outlook. This time, on XRP/USD pair. After taking a quick look at this, it seems after the Bollinger Bands started to loosen up after consolidating, we had extreme upward price movement. The same thing could be happening now. Ripple can make a serious outbreak and increase in cost by 50-80%.

Final thoughts

While Bitcoin has suppressed its movement, alts are attacking the market full-force, and Ripple is expected to make the most violent breakout. XRP has already broken to the upside out of the descending triangle, and a monthly hold above the EMAs would be very bullish. Keep tabs on XRP – it has all the chances to explode.

XRP price charts by TradingView

Cover image via www.123rf.com
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About the author

Vera Yurina (aka Vera Thornpike) writes on web tech and works as a translator, copywriter & crypto geek with a strong passion for creative writing and wordplay. Creates marketing and SEO content for IT & hosting companies, ICOs and finance media since 2013.

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ETH Price Is Heading to $400 Mid-Term Level: Why Are Most Traders Bullish?


ETH Price Is Heading to $400 Mid-Term Level: Why Are Most Traders Bullish?

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Contents

Resisting the bears’ attempts to beat it down, Ethereum price retains its positions around $250. Moreover, it’s said to be approaching the $400 goal. When should it happen, and why are most traders optimistic about ETH’s future? Let’s analyze Ethereum price predictions from tradingview users and compare their price charts – you will be surprised to discover most of them share similar opinions.

Target – wave III

Ethereum moving on waves

Look at the pattern from Crypto_Boer: the wave pattern is playing out perfectly, and now Ethereum keeps moving to the wave III somewhere at the $377 level. The finish target here is $440, which can be achieved in mid-September or October.

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$360 by the end of June

 $400 mark can be hit in August

Here’s another price chart showing us Ethereum’s way to the heights. Bulls may show up soon. Our target is $360 for 50% upside potential. If ETH reaches such a level, crawling to the $400 mark in July-August will be more than possible.

Beware of a double bottom

ETH should go through a correction

Of course, before Ethereum is able to reach the desired heights, it should go through a correction. User JRghost predicts that ETH should touch $287 before starting the retracement. Price may look to hit PRZ and retrace, then extend to double bottom measured move.

Here are the technical indicators to prove that:

  • Coinciding bearish patterns - Cypher/Butterfly.

  • PRZ is highlighted in red

  • .382 and .618 zone for each pattern highlighted in Green

  • 382 is confluent for a back-test of double bottom confirmation line.

  • Higher Levels of Relative Strength

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Closest targets for ETH

Major targets for ETH

User bread911 has noticed a major momentum divergence on the ETH/USD 4 hr chart. The average is $236.50, while our major resistance targets now are $265, $280, and $340. The first two targets can be easily overcome during June, but what about the third one? It’s possible to reach, too!

Final words

ETH looks really good on the weekly and daily charts – we have broken the trend-line resistance, and begun fresh up-trend. The 5th Elliot wave count is looking primed.

If we manage to break up in the coming days, there’s a big chance Ethereum will reach $290-300 and then simply turn down again. It could potentially even become high for the coming months. If we drop and break down from the current patterns, ETH will stay inside the $220-260 range during June, but it will be more likely to break resistance later, and we’ll see a much bigger rally in the coming months.

Some traders also claim they see a triangle on the price chart, which is a sign of bulls being eager to get in and bears giving up. They simply can't break the flag support because there are just too many bulls wanting to get in.

Ethereum has already managed to break the major $230 resistance, but there’s a possibility of an H&S pattern, which we can consider to be some kind of neckline. If it breaks, outcomes might be sad. $250 is a clear short term resistance now, and the trend is still up, so candles are likely to pop up.

It should be noticed that a lot here depends on Bitcoin. For instance, ETH can repeat its current head & shoulders pattern and take a short nosedive. But in case of growth, we’ll see kicking off the push to $400 for the ETH/USD pair.

Ethereum charts by TradingView

Cover image via 123rf.com
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About the author

Vera Yurina (aka Vera Thornpike) writes on web tech and works as a translator, copywriter & crypto geek with a strong passion for creative writing and wordplay. Creates marketing and SEO content for IT & hosting companies, ICOs and finance media since 2013.

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