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Ripple’s XRP Is on the Cusp of Major Breakout
Cryptocurrency trading expert claims that XRP investors should be ready for big gains as technical indicators look very bullish for their favorite remittance token.
The XRP price is currently sitting at $0.43, and the $0.45 resistance level seems very hard to surpass.
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Another rally is just around the corner
As reported by U.Today, XRP got a major boost after it was announced that it would be used by MoneyGram for conducting cross-border payments.
Ripple acquired 10 percent of the MoneyGram, making its shares spike by an eye-popping 150 percent.
After the MoneyGram hype died down, XRP experienced a slight setback, but another price surge seems imminent.
The traders are about to witness a major breakout confirmation in the form of a golden cross. Once XRP forms this bullish pattern, the sky's the limit – it could go as high as $3.30, thus retesting its current ATH.
Vera YurinaXRP will follow Bitcoin
The analyst also points out that XRP’s future breakout could be accelerated by another upward move on Bitcoin’s side.
The number one cryptocurrency has recently reached $9,400 for the first time in more than 13 months, and it is currently vying to reach $9,500, another major support level before hitting $10,000.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
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