Ripple’s XRP Price Is Headed for Up to 4,600 Percent Increase as Major Indicator Turns Bullish

News
Fri, 10/04/2019 - 17:51
Alex Dovbnya
The XRP price is headed for a major breakout after forming a bullish MACD crossover on its weekly chart  
Cover image via 123rf

It might be too early (or too late) to put on your bear suit despite Ripple’s XRP failing to make a significant upward move throughout 2019.  

If history repeats itself, the XRP price is poised for massive gains after the moving average convergence divergence (MACD) indicator turned bullish on its weekly chart.

Ripple’s native token would surge anywhere between 170 percent and 4,600 percent with every bullish MACD crossover. 

Related
Ripple’s High Speed and Low Cost Approved by SWIFT, Media Reports

It’s not a coincidence that trading vet Peter Brandt also suggests that XRP is currently bottoming against Bitcoin.  

Speaking of the crypto king, Coindesk’s Omkar Godbole states that the BTC price could skyrocket to $8,800 since the coin’s MACD histogram is forming higher lows. However, this surge could end up being a flash in the pan if the coin fails to invalidate the bearish trend on longer duration charts.  

Subscribe to U.Today on Twitter and get involved in all top daily crypto news, stories and price predictions!

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.

Top 10 Best Cloud Mining Sites in 2020
TOP 20 Best Bitcoin Trading Bots in 2020

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy