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Ripple Price Analysis — Next Course Movements After a Bullish Jump

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  • Denys Serhiichuk
    📈 Price Predictions

    Looking for an affordable, but at the same time attractive coin to invest in? Think about Ripple to diversify your portfolio

Ripple Price Analysis — Next Course Movements After a Bullish Jump
Cover image via 123rf.com

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.

XRP, the third largest cryptocurrency, is increasingly becoming the focus of traders’ attention in recent days. This can be explained by the fact that Ripple claims to repeat the success of the ancestor of the entire crypto industry, Bitcoin, which managed to add 80% of the cost over the month, recovering from $5,000 to $9,000.

At the end of May, the XRP rate strengthened from $0.3 to $0.45, although that is only the beginning.

XRP chart by CoinMarketCap

There are all prerequisites for the coin to come back to its previous highs.

This month, Ripple has almost reached a historic micropayments record. It proves that the company's services are becoming increasingly popular, opening up unlimited opportunities for growth because of the practical application of the technology itself.

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Every Ripple Price Prediction 2019 Says the Same Thing: XRP Price Might Reach 10$

Every Ripple Price Prediction 2019 Says the Same Thing: XRP Price Might Reach 10$

The rise in price could have been affected by activities surrounding the XRP ecosystem. Last year, a similar increase occurred after the May 2018 launch of Xpring, a project for investing in startups.

In terms of the technical analysis, the technical graph looks the following way.

XRP/USD chart by TradingView

XRP followed our scenario, and the quotes could reach $0.44, where the asset is located today.

On the hourly chart, Ripple has been bullish since May 13, and buyers are not going to leave the market. The comparison with other coins supports this suggestion, as XRP is the only growing asset out of the top 5.

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Every Ripple Price Prediction 2019 Says the Same Thing: XRP Price Might Reach 10$

Every Ripple Price Prediction 2019 Says the Same Thing: XRP Price Might Reach 10$

Although MACD is looking downwards, it remains under bullish tendencies, confirming short-term price increases. In this case, traders might expect XRP trading at around $0.47 until mid-June.

XRP/USD chart by TradingView

On the 4-hour chart, the coin is looking bullish, and the price managed to leave the consolidation area (yellow corridor) from the end of 2019 until mid-May. The RSI indicator is in the neutral zone, suggesting that the overbought zone has not been reached yet.

If the total market correction does not occur, one can expect the coin at $0.5 until June 12.

The price of XRP is trading at $0.4356 at the time of writing.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and make predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing & ICO Advisory, ATB Coin, and others.

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Bitcoin Price Predicted to "Rocket Up." $7,400 Level Reclaimed by Bulls

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  • Alex Dovbnya
    📰 News

    The Bitcoin price could soon touch $7,800 if bulls persist, but this move could be a short-lived one

Bitcoin Price Predicted to "Rocket Up." $7,400 Level Reclaimed by Bulls
Cover image via u.today

Popular crypto trader Wendy O recently predicted that the price of Bitcoin would "rocket up" if it managed to surge above the $7,400 level. 

Bitcoin Price
image by @CryptoWendyO

Shortly after that, the BTC price did rise above the aforementioned level, currently sitting at $7,444, according to CoinStats data

Bitcoin Price
image by coinstats.app

If the aforementioned forecast turns out to be accurate, Bitcoin traders could soon see another fakeout, which would be similar to the one that took place on Dec. 4. As reported by U.Today, BTC printed a massive green candle in less than a minute, but this unexpected pump quickly evaporated.     

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Earlier today, multiple traders predicted that Bitcoin was about to make a big move in either direction, but $7,800 seems to be the main area of interest for them. The leading cryptocurrency hasn't touch this level since Nov. 30. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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