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
Advertisement
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).
Wed, 06/05/2019 - 14:13
Attention Bulls: This Expert Explains Why Bitcoin Price Will Inevitably Hit $25,000 in 2019
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.
Ripple CTO Emeritus Breaks Silence on XRP and XLM in Epstein Files
Crypto Market Review: Did XRP Downtrend End? Shiba Inu (SHIB) Taking a Beating, Bitcoin (BTC) Safe Above $80,000
U.Today Crypto Digest: XRP Millionaires Awaken, Shiba Inu Buyers Step In, Dogecoin Sees 10,782% Rise in Futures Volume
Scaramucci: ‘Get Ready’ as Bitcoin Firms Against Falling Gold
Caroline Amosun
Tomiwabold Olajide