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

XRP Price Is Set to Reach $0.7 by Summer. Golden Cross Again?
Cover image via 123rf.com

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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📰 News
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XRP Currently Bringing 80% of Total Trading Volume on Ripple-Funded Bitso Exchange

  • Yuri Molchan
    📰 News

    A major XRP community member shares data that XRP is generating 80% of volume on Bitso exchange that is Ripple’s partner at introducing On-Demand Liquidity in Mexico

 XRP Currently Bringing 80% of Total Trading Volume on Ripple-Funded Bitso Exchange
Cover image via www.123rf.com
Contents

After Ripple had rebranded its xRapid product as On-Demand Liquidity (ODL) and partnered with the largest Mexican exchange Bitso, the introduction of ODL in cooperation with MoneyGram starts bringing its first fruits. As part of the collaboration, Ripple has invested in Bitso and got them to add one of its top executives to the board of directors.

 

On-Demand Liquidity successfully integrated on Bitso

A member of the XRP community @XrpCenter reports that things are looking good for XRP on the largest Mexican exchange Bitso and for Ripple’s ODL product. ODL was introduced there after the crypto giant invested an undisclosed amount in the trading platform.

The chart in the tweet shows that the XRP/MXN pair now accounts for 80 percent of the overall trading volume of Bitso.

Bitso became the key partner of Ripple and MoneyGram at introducing On-Demand Liquidity to the Mexican market. So far, the implementation has been going successfully.

This has not impacted the XRP price much though, since over the last 24 hours it rose merely by 0.54 percent. Unlike it, BTC and its forks – BCH and BSV – have posted much higher gains, as reported by U.Today earlier.

XRP price
Image via Coinmarketcap

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Ripple releases its Q3 report

At the end of last week, Friday, Ripple issued its regular report on the results of Q3. In the document, Ripple covered several major issues, such as movements of XRP from escrow and back to it, recent Ripple’s partnerships with Logos, Algrim and other startups, Coinme crypto ATM network.

Ripple also addressed the issues of FUD (fear, uncertainty, doubt) that has been recently actively spreading around the company and its XRP asset.

Ripple Q3 report
Image via www.ripple.com

What are your thoughts on the Ripple expanding XRP use in Mexico? Share them in the comments section below!

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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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