cryptodailytrading.com

XRP Price Prediction: $0.36 Value for 12% Profit. Prepare Your Money, Traders!

  • Vera Thornpike
    🤷 Opinions

    📈📉XRP short-term price prediction: $0.36 Value Is Expected. How much will XRP cost in March?🤔 TradingView users give their opinion🌟


XRP Price Prediction: $0.36 Value for 12% Profit. Prepare Your Money, Traders!
You may also like:
Contents

Although it managed to survive through the crypto winter, XRP still cannot recover from the shock – its price continues ranging within $0.3-04.  The crypto community has all eyes on it: when will the long-awaited breakout occur? Let’s ask tradingview users – they should know the answer.

Ripple is to push $0.36 – 12% profit is expected

We might witness 12% rise for Ripple

Ripple (XRP) price chart from crptonoob


XRP is currently in ascending channel moving upwards and bouncing off trend support and resistance lines. This is also an area to watch for likely larger breakouts as we move closer to Singapore Blockchain Summit. Thus, we can expect XRP to reach $0.36 pretty soon. If it manages to reach this threshold, traders might enjoy 12% profit.

This is a rare kind of accumulation

Ripple sees calm before the storm

Ripple (XRP) price chart from CryptoManiac101

Analyzing Ripple’s performance, user CryptoManiac101 has realized that the XRP price behavior we are observing now might be the precursor of major growth. Back in 2017, Ripple had also been growing by 1-2 cents before the traders saw a 38,000% increase in value.

But when is a breakout to happen? 

“As you see from my XRP TA analysis below, we should be very close to it, probably, days away. We have seen likely golden cross on 7H chart, we also see major 15 Month pattern which is coming to completion and has actually already completed on few other charts I did earlier and that breakout came with sideways accumulation. Well is that good news or no? With being unable to provide a 100% certain answer to this question all I can say is that I am leaning more bullish vs bearish.”

With Singapore Blockchain Summit and other events, that seems to be a real possibility. Besides, Ripple’s new achievements might accelerate the process.

XRP is to ripple

Look at the Bullish Reversal Pattern – it’s a good sign

Ripple (XRP) price chart from YMula

According to user YMula, the XRP price chart shows a clear Bullish Reversal Pattern, accumulating this range won't last too much longer. Maybe we’ll see XRP break out in March?

Ripple should stay above $0.315 to reach new heights

Won’t Ripple dive below $0.315 value?

Ripple (XRP) price chart from coinkilavuz

Isn’t XRP’s bullish trend at risk? What does coinkilavuz say? According to him, XRP should stay above $0.315 in order to reach $0.332 and higher levels. Up to the moment, Ripple is keeping away from this level.

For XRP, this period appeared to be harder than everyone expected. However, traders don't lose hope – it might break the resistance soon. There are great chances XRP will grow by 10% this month.

XRP/USD price chart on TradingView

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.

Cover image via u.today
Only the most important posts per day. Infographics, analytics, reviews & summaries. Join our Telegram channel!
👓 Recommended articles

Binance Coin Price Surge Indicates Huge Support for Binance Chain Mainnet — Is This the Future?


Binance Coin Price Surge Indicates Huge Support for Binance Chain Mainnet — Is This the Future?
You may also like:
Contents

On a day where the markets are predominantly in the red, but only slightly, it is interesting to note that Binance Coin is surging. The exchange token is up fiver percent, but it is totally understandable as to why there is so much positivity around the company.

The biggests news, which comes off the back of its decentralized platform, Binance DEX, is that the Binance Chain mainnet has been launched and that they will be executing their Mainnet Swap on April 23rd.


This means that Binance Coin will be shifting away from Ethereum, leaving questions open as to what this means for Ethereum, which has been under the pump to stay relevant in today’s crypto and blockchain space. This move will result in a migration of $3 billion worth of BNB being moved away from the Ethereum blockchain and onto the new Binance chain.

A positive investment

All the good news emanating out of Binance has not only helped the coin to climb in price when the rest of the market settles down – it is helping it head towards a new all time high. Binance, like many altcoins, reached its ATH in January of 2018 in that parabolic stage.

Binance Coin hit $24 back then, and now, it is at $21 and rising with the thoughts being that when the mainnet move takes place, there could well be an even bigger surge. It is also interesting to note that just a few months ago, at the end of last year, it hit lows of $4.50.

Competing with Ethereum?

The mainnet move is obviously good news for Binance, as the markets are suggesting, but is it equally bad news for Ethereum, which was the holder of $3 billion thanks to the exchange. Many people have speculated that this new blockchain platform will pose competition to Ethereum, but ultimately it will help diversify Binance Coin’s use cases while also increasing its utility.

So perhaps rather than being a direct competition to ETH, it is only going to strengthen Binance Coin and in doing so perhaps spell out the future of cryptocurrencies as there is good reason to believe that this token, with its added utility and use cases, will be a viable token for the world going forward.

Cover image via 123rf.com
Only the most important posts per day. Infographics, analytics, reviews & summaries. Follow us on Facebook!
👓 Recommended articles