Advertisement
AD

Main navigation

XRP Price Could Soon Surge Above $0.60, Technical Analysis Shows

Advertisement
Wed, 5/06/2019 - 15:30
XRP Price Could Soon Surge Above $0.60, Technical Analysis Shows
Cover image via www.123rf.com
Read U.TODAY on
Google News

It’s XRP time!  

The price of XRP, the second biggest altcoin by market capitalization, is on the verge of a major breakout. XRP price could soon surge above $0.60, technical analysis shows. Thus, it would allow allowing Ripple’s token to surpass Ethereum once again.

Advertisement
XRP is about to shine
Technical indicators play into the hands of XRP bulls, image by AMBCrypto/Trading View

As reported by U.Today, Ripple’s XRP was about to from a golden cross pattern, a much-coveted indicator for the bulls.

In such a case, the cryptocurrency would be able to make up for its subdued rally in 2019 (the returns of XRP investors look more modest compared to those who opted for other coins).

Related


As of now, traders should watch closely whether XRP would be able to form the Adam and Eve double bottom pattern, which is an important trend reversal signal.

When Bitcoin formed this pattern back in February, it served as a confirmation of the top coin had already bottomed out in December. Bitcoin rallied to more than $9,000 before a recent pullback.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD