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New! Bitcoin Price Prediction: $3,600 BTC Price Is a Very Likely Scenario. When to Invest in Bitcoin (BTC)?
New! Bitcoin Price Prediction: $3,600 BTC Price Is a Very Likely Scenario. When to Invest in Bitcoin (BTC)?

XRP Price Analysis in Q2 2019: Off the Beaten $0.30-0.40 Track, or What Will Help the XRP Price to Crawl to $1?

  • Vera Thornpike
    📈 Price Predictions

    📈💰💰Ripple price prediction for Q2 2019: What are the chances of Ripple breaking the $0.30-0.40 vicious circle and starting to grow to the $1 price level?

XRP Price Analysis in Q2 2019: Off the Beaten $0.30-0.40 Track, or What Will Help the XRP Price to Crawl to $1?
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Ripple has performed so-so during the recent period, and seems to be stuck in the $0.30-0.40 range. Judging by the charts, Ripple behaved like the market cap of the entire cryptocurrency market did. It’s neither good nor bad news – all in all, the cryptocurrency is still holding decent positions. But will it even get out of the vicious circle?

Traders say that Ripple should break from the range of $0.30-0.40 in order to rise to $1. It should no longer fall below the $0.36 to $0.38 mark – that will trigger new signals. Then Ripple should break the resistance at $0.43 to $0.44 and overcome the $0.52 limit. Despite positive forecasts, that doesn’t happen still. Will long-term investors benefit from it? It’s time to find out what should drive XRP growth in the following months.

What can make Ripple grow this year?

There are several things that can make Ripple more valuable in the eyes of investors.

  1. XRP can be used to handle payments worldwide. If banks use XRP worth $30 bln to spend on international money transfers and currency exchanges, that might save them about $16.5 billion every year.

  2. Ripple Labs is planning to launch the Xpring app, which would attract more people to the blockchain and coin. Such companies as companies Facebook, Amazon, and Google are interested in the technology.

  3. Partnering with American Express, Ripple has managed to enter the Chinese market. Now the Yuan and XRP are expected to be used in the currency exchange. China is a huge market, and its contribution can make Ripple thrive: in China, about 10 bln credit cards will be in circulation by 2020, which ensures a positive forecast.

  4. Ripple’s supply is limited, even though about 100 billion XRP exist. Narrowed supply means rising prices down the road.

  5. With 0.00001 XRP fees, Ripple becomes a great blockchain for transactions – it will attract potential partners.

  6. It’s also crucial to mention future partnerships with Santander and UBS, as well as the credit card provider American Express.

The technology provided by Ripple Labs makes it so much easier to transfer and exchange money – XRP won’t be ignored. Traders and blockchain experts believe that Ripple will gain in price this year. It’s being praised more than it is criticized by experts. Even if it doesn’t soar to $10, overcoming the $1 threshold is possible.

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.

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New! Bitcoin Price Prediction: $3,600 BTC Price Is a Very Likely Scenario. When to Invest in Bitcoin (BTC)?

New! Bitcoin Price Prediction: $3,600 BTC Price Is a Very Likely Scenario. When to Invest in Bitcoin (BTC)?
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Contents

After trying to retain the position above $4,000, Bitcoin seems to be stuck. What to expect from BTC during the following weeks? What’s the best time to invest in Bitcoin? Let’s try to figure it out with tradingview users: they will provide their BTC price predictions and opinions about investment strategies.

Bitcoin has to break another resistance

Both shortage and resistance breaking are possible for BTC

Bitcoin price chart from DianKemala

This BTC price chart clearly explains the influence of the Fibonacci level on its price. Traders saw a big bearish candle 2 days ago, but bears stopped at $3,936 and started performing a sideways consolidation pattern.

Bitcoin failed to break the Fibonacci resistance zone (4004 - 3986), which isn’t a bullish sign, but we have another resistance above at $4,038. If Bitcoin is able to break up this resistance, the bullish period will continue. The important support before the bearish period is around $3,936. If this support breaks down, expect a bearish target at $3,860, or maximum at $3,780. 

Will BTC get back to $3,600?

$3,600 level is ideal for investments

Bitcoin price chart from MarcPMarkets

We are watching the BTC market trying to overcome 4K resistance level with varying success. According to MarcPMarkets, the current BTC trading environment does not offer an attractive reward/risk for putting any new money to work.

All risks should be properly assessed. The low 4K area is still the range resistance, while the lower 3K area is the range support. In the green box, you can view the potential reward, while the red box represents the potential risk. Why would we put on any new swing trades at range highs when chances are the price is more likely to test much lower levels in the short term? 

Candlesticks or RSI are not the only signals of upcoming BTC fall. The fact that price is beginning to show signs of structural weakness confirms our reasoning that staying out of any new swing trades near the range highs is the best choice for now. Support levels begin around the high 3600s and continue through to the 3450 levels. That might be the ideal time for investments.

Although supply may be slowly removed from the market, it will take some time before the effects play out. So we will continue to wait for two particular scenarios: 1) price retraces toward the lower part of the range for a reversal to go long; or 2) price breaks beyond 4150 and provides a momentum continuation pattern for a long.

BTC is ready for capitulation

 BTC movement is around the corner

Bitcoin price chart from DataPatron

During several months Bitcoin was consolidating in a tight range between $3,300 and $4,400. Now it seems to be completing sideways mission, and long term volatility promises a serious movement that’s around the corner.

I am almost sure another red leg symmetrical to the previous one (from 6 to 3k) is before us.

All in all, Bitcoin is in a broader recovery over the long term, but the short term is just not in a position that offers attractive reward/risk. Consider an investment in BTC, if it hits the $3,600-3,700 bottom line in a few weeks.

BTC/USD price chart on TradingView

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.

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