Ripple’s XRP Is on the Cusp of Major Breakout

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Wed, 06/19/2019 - 19:31
Alex Dovbnya
⚡🕓XRP has so far shown a rather underwhelming performance in 2019, but the upcoming weeks look very promising🔮👀
Cover image via U.Today
Contents

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.

Related
Ripple Price Prediction — Have Bears Forgot About XRP or Why It Keeps Rising?

XRP 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.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with 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, can be contacted at alex.dovbnya@u.today.

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