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Ripple’s XRP and LTC Leading Altcoin Comeback as Market Turns Green

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Ripple’s XRP and LTC Leading Altcoin Comeback as Market Turns Green
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There has been a slow and steady comeback across the cryptocurrency market with Bitcoin just creeping above the $8,000 mark. It is in the altcoin market that there is a real comeback brewing as the likes of Ripple’s XRP and Litecoin are leading the way.

All but one of the top 20 coins are in the green, although most of these gains are small. Bitcoin has built up to $8,000 with just a two percent growth over the last 24 hours. On the other hand, Litecoin is up by over eight percent, and XRP is touching six percent gains.

Breaking resistance

With the last market downturn, XRP slumped below a key marker of $0.40 but the recent growth has pushed the token above this mark, and even beyond the next key resistance point of $0.412. It is now sitting at $0.421 with the next key resistances near $0.422 and $0.425.

Litecoin, which is the leader of the gains in the top 20 altcoins, is trading at $113. The silver to Bitcoin’s gold was the key catalyst to the beginning of the cryptocurrency spring and has made a bit of a reputation for leading the way this year.

Altcoin answers

While the cryptocurrency spring is still in bloom, and Bitcoin has been the primary benefactor of the change in the market sentiment, there is still a lot of energy bubbling under in the altcoin market.

Ripple’s market push to increase the price of its XRP token has been up and down in 2019 with rumours now circling that the company has acquired the well-known money sending company, MoneyGram.

On the other side of things, Ripple have also come out and said they expect their forecast for Q2 to be substantially lower as they are addressing fake volume reporting on the XRP token.

For Litecoin, the year has been a good one as they were the first coin to double in value through 2019. Litecoin is benefiting from the shift in focus for cryptocurrencies, seeing them more as a useful currency as enterprise blockchain and cryptocurrency use grows.

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About the author

Darryn Pollock is an award winning  journalist from Durban, South Africa. He picked up Vodacom’s Regional Sports Journalist Award in 2017 while expanding his Blockchain and cryptocurrency reach.  He is a contributor to Forbes, Cointelegraph, Binary District, and of course, U.Today. Darryn’s belief is that Blockchain technology will be the driving force of the next technological wave and it is the obligation of journalists and writers to tell its emerging story with integrity and pride.

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XRP Price Likely to Hit $0.56 in Early December, Crypto Trader Says

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    A crypto trader analyses a crucial fractal on the chart, saying that a possible outcome could be $0.56 for 1 XRP by early December

XRP Price Likely to Hit $0.56 in Early December, Crypto Trader Says
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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

Despite the active expansion of the Ripple ecosystem and signing up over 300 new customers on RippleNet this year, the XRP price remains below $0.3.

At press-time, XRP is declining by 2.85 percent and is exchanging hands at $0.24.

XRP price CMC
Image via CoinMarketCap

A win-or-bust XRP forecast

The community has been eager for the price to surge throughout 2019. On Wednesday, U.Today published a story with bullish forecasts regarding the price.

Today, a crypto trader @TheCryptHawk has shared a chart on his Twitter page. It shows a possibility of XRP surging to $0.56 in early December if the fractal depicted on the chart in in play.

If not, the trader says, the price may collapse to $0.17-$0.18 and then – down to $0.12.

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XRP below the $0.25 support

A short while ago, XRP dropped below the $0.25 support level, where the coin had not been in several months. This is happening despite the recent Swell conference, which was expected to push the coin’s price way upward.

The community was expecting a bull run, since last year in November, as many believe, Swell triggered it. As a result, in January 2018 XRP hit its all-time high of over nearly $4.

This year, the loyal XRP community expects a bull run every now and then but all those expectations are in vain so far. This seems strange to many, since Ripple has indeed expanded its network significantly and provided a lot of actual utility cases for XRP.

Optimists are buying on the dip while the price is low (same as many doing when the Bitcoin price drops), hoping to reap their profits later on when XRP skyrockets.

 

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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