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📈 Price Predictions
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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
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$

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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.

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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's Parabolic Uptrend Remains Intact Despite Price Collapse: Tuur Demeester

  • Alex Dovbnya
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    Tuur Demeester wants you to buy the dip as Bitcoin touches the support of its parabolic uptrend for the first time since March

Bitcoin's Parabolic Uptrend Remains Intact Despite Price Collapse: Tuur Demeester
Cover image via u.today

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.

Tuur Demeester of Adamant Capital has just taken to Twitter to calm down Bitcoin enthusiasts who might have been swayed by incredibly bearish sentiment on crypto Twitter. 

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Bitcoin recently dropped to $6,800, its lowest level since early May. However, Demeester apparently sees this as yet another opportunity to buy the dip. He states that top coin's parabolic uptrend that started at the beginning of 2015 hasn't been violated. However, Bitcoin has tapped support for the first time since March when Bitcoin was trading well below $4,000. 

Shortly after printing a huge red candle on the logarithmic chart, the Bitcoin price spiked by 20 percent on Apr. 2, which started the coin's massive run to $13,700. 

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As of now, BTC is down by nearly 50 percent from its yearly high, but this might not be the end of the nightmare for Bitcoin bulls. According to trading exert Josh Rager, the crypto king could plunge below the $7,000 level again after a fakeout to the $7,500 range. 

Gold bug Peter Schiff recently predicted that BTC could collapse to $10,000 level after competing the head-and-shoulders pattern.  

At the time of writing, BTC is sitting $7,313, CoinStats data shows. 

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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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