Ripple Price Analysis — Next Course Movements After a Bullish Jump

  • 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

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$

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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.

Cover image via 123rf.com
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About the author

Being a passionate blockchain enthusiast Denys has a vast experience in сryptocurrency market analysis, as well as blockchain related projects. All this is backed up by his working at W12 platform, Platinum Listing & ICO Advisory company, Export.Online and many others.

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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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