XRP is eyeing bigger gains
As reported by U.Today, XRP is on the verge of forming a golden cross pattern, which is a surefire signal of a bullish reversal. If it follows in Bitcoin’s footsteps, it could be a boon for XRP holders who were mostly left on the sidelines of most recent crypto rallies.
According to CoinMarketCap data, XRP is currently sitting at $0.422 after breaking above yet another key resistance level. At this point, everyone’s favorite remittance token is eyeing the $0.50 price tag, giving investors every reason to be bullish on XRP in the short term.
XRP bag holders are not safe
On the flip side, if XRP fails to keep up its momentum and falls to the $0.35 level again, things could turn ugly for the third largest cryptocurrency. DonAlt didn’t specify where XRP would find its new bottom. In 2019, XRP reached its lowest point on Jan. 29 when it slipped below $0.29.
Back in April, commodity trading veteran Peter Brandt shared a strikingly similar forecast about XRP when its price was hovering above the $0.30 mark.