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📈 Price Predictions
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XRP Price Is Set to Reach $0.7 by Summer. Golden Cross Again?

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XRP Price Is Set to Reach $0.7 by Summer. Golden Cross Again?
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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.

Contents

During the weekend, Ripple regained its positions, and XRP once again costs $0.40. Does it mean we still have a chance to witness XRP’s spike to the top? Let’s see what traders think about the mid-term prospects of Ripple. Read XRP price predictions from tradingview users – they come up with several pretty viable scenarios for the cryptocurrency.

Expect $0.7 by June

XRP is coming closer to $0,7

Ripple loves to crawl along the bottom before shooting. Given the likely approximation of Bitcoin to $10K and more, we can assume that the pulsation will reach $0.7, and then roll back to $0.55. Of course, when this happens, it is impossible to say exactly, but with high probability, we can say that it is unlikely to fall below current positions. But perhaps, therefore, this also needs to be taken into account.

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Ripple CEO Sees XRP as the Bridge Between Banks and Crypto — Will This Make XRP’s Price Explode?

Don’t miss the XRP market entry point!

Wait for the entry point

XRP now offers a good entry point. Don’t miss the big take profit and short stop loss.

Minimum take profit + 100% stop loss below the support level (white line). There’s a ladder with orders for purchases under stop loss equivalent to the amount of theoretically brought down the foot, but a large percentage below the stop loss. If you simply knock off the stop loss and the price slowly goes down, you lose % allocated to the stop loss from the entry point. And cancel orders for purchases.

Waiting for a new entry point. If you knock passengers down by pressing them down and then close at the price of the auction. Your position is sold at stop loss, but you automatically dial a position well below the stop loss. The price is closed above the stop loss. Without moving up, you already get a profit.

The movement inside the figure is more likely. All key points and levels on which the movement will depend on further price movement.

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A golden cross is near

XRP is approaching the new golden cross

The user muikka compared Ripple’s behavior then and now. The last time that XRP went through the golden cross, it raised significantly. Now, XRP is in a curve pattern and in several days, the golden cross will come. By the way, XRP is in a bullish pennant with a daily candlestick, and there are good combinations that will be able to take XRP to the moon.

Daily Golden Crosses are usually looked at more as of a medium to long term bullish sign. With XRP it might be different, though. Looking at fractals we clearly see that Golden Cross was quickly followed by an immense pump with the high volume being pumped into it. Today we're observing similar pattern where we have two mini pumps (first one smaller than the secondary pump) followed by a massive leg up (which is what we are yet to observe).

Ripple will bounce up

Ripple (XRP) price chart from tommyelltom

XRP is preparing for the 3rd wave, when we count with that the 2nd wave is already done. We can see in the chart the uptrend line which is our support and holding good so far. It means we could see the retest this line again, after that we can get enough volume to bounce off with a projection to the target zone.

Final thoughts

Right now, all traders hope for is the Golden cross. According to fractals, it should not be longer than just a few days, perhaps in early June. What can it bring us? As usual, it’s hard to say for sure, but if we were to follow same exact trajectory as back in 2017, we should be well over $5 - $10+ in June. That seems to be a perfect though nearly impossible scenario.

Ripple (XRP) price charts are taken from TradingView

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About the author

Crypto writer, blockchain geek & Bitcoin holder with a strong belief in the power of cryptocurrency. Veronika combines in-depth analytical approach with creative writing to deliver the texts that both inform and entertain. With hundreds of reviews, SEO articles and marketing texts under the belt, she has experience of working for blockchain Medium channels, Cryptodiffer site and ICOs. Part of U.Today team since 2018, she focuses on crypto price predictions and monitors the market to provide the most relevant info & opinions.

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Bitcoin Price to Hit $250,000 Due to Lightning Network Use by 2023: Tim Draper

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    World-famous investor and Bitcoin bull Tim Draper explains what reasons will push Bitcoin price to $250,000 by 2023

Bitcoin Price to Hit $250,000 Due to Lightning Network Use by 2023: Tim Draper
Cover image via en.wikipedia.org

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.

Contents

While speaking to the audience at the Malta AI & Blockchain Summit last week, the billionaire and prominent Bitcoin supporter Tim Draper confirmed his previous forecast for the BTC price hitting $250,000 in the near future.

This time he explained that this high price per one BTC will be achieved through the growing use of the Lightning Network and explained how it will happen from his point of view.

Bitcoin still to hit $250,000

The Bitcoin permabull Tim Draper again stated that the Bitcoin price is going to hit $250,000 by 2022-2023. He said this will happen due to the growing use of the Lightning network which allows conducting payments in BTC easily.

Being a major global investor, he nevertheless shares the opinion of many crypto enthusiasts that BTC is not only a store of value but it can also be used to pay for things in everyday life – micropayments, the retail sector, etc, i.e. is perfect for adoption.

Previously, Tim Draper stated that his forecast of BTC reaching $250,000 was actually a quite conservative prediction.

Will Bitcoin get to be worth $1 mln?

As reported earlier on Wednesday by U.Today, the crypto asset manager and a trader Marius Landman tweeted that before Bitcoin hits $1 mln, it is bound to go through ‘super hyper inflation’, in which price drops by $20,000 will be considered insignificant.

He also expects Bitcoin and Litecoin to show ‘subito motus’ (Latin for ‘sudden movements’) soon, saying that this will leave uninformed investors and technical analysts at a loss.

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Smaller bullish BTC forecasts

Other traders and analysts seem to think more vaguely when they are looking at technical analysis graphs. They are bullish, nevertheless.

The @crypto_rand trader with over 216,000 followers on Twitter simply posts a chart, saying that Bitcoin ‘still looks bullish’.

Another analyst and trader PlanB has published a chart of the way the changes in the Bitcoin mining difficulty have impacted the BTC price. People in the comment thread agree that this data at the moment is bullish for the Bitcoin price.

At press-time, Bitcoin is sitting at $8,823.

BTC price CMC
Image via CoinMarketCap

 

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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