Analysts and Traders Bullish on XRP Price, Fractals Still on Track & Poised for Gains
- XRP is the standard, Analysts bullish on 3rd largest cryptocurrency
- A break upwards and time to be an XRP maximalist
- XRP could climb to $0.51 level
- XRP-JP Morgan collusion over Xign
Since the second week of May, the 3rd largest cryptocurrency by market capitalization is enjoying the greens and is remaining above $0.30 level. This level keeps on rising as from there onwards we maintained above $0.35 level which further increased to $0.40 level as in the past 30 days, it jumps 42 percent.
In the past five days, XRP surged to $0.47 level only to drop down to $0.40 level. However, it was back on the move as today the cryptocurrency went to $0.46 but since then it has fallen down to $0.43.
Analysts and Traders Bullish on XRP Price
XRP price chart is no doubt looking very bullish for quite some time now as we have reported many crypto analysts calling out a rally with crypto experts DonAlt and The Crypto Dog joining the XRP army.
Crypto trader and analyst, The Crypto Dog says he had bought more XRPs as “Chart looks too good to not buy more in mid term tf.”
— Squeeze (@cryptoSqueeze) June 3, 2019
Meanwhile, crypto investor and trader DonAlt says XRP fractal is still on track as it moves back up and “the moment this breaks out to the upside is the moment I become an XRP maximalist.” However, there is also a possibility of a drop down if the level gets rejected.
XRP fractal still on track (Due to it reclaiming the box).
The moment this breaks out to the upside is the moment I become an XRP maximalist.
If it gets rejected I'll short it down.
It's in the hand of the ripple fanboys, doom or glory? pic.twitter.com/tlZN2mUZyC
— DonAlt (@CryptoDonAlt) June 3, 2019
Crypto analyst, The Cryptomist is also bullish on XRP as she says the cryptocurrency is testing resistance and could move upwards to $0.51 level.
“Once more we are testing resistance as reach the apex of the pennant. This looks good, I can only seeing Btc volatility disrupting this from the first target mentioned few days ago, at 51 cents,” says The Cryptomist.
Another bullish sentiment is shared by crypto analyst, Josh Olszewicz who points out a number of factors that indicates a move up for XRP.
1D $XRP (USD)
– 100% bull cloud
– exiting bear PF
– Golden Cross
– minimal VPVR res remaining
– asc tri?
unfortunately, this will likely move up soon 🤮🤮 pic.twitter.com/joRN3CgSLb
— Josh Olszewicz (@CarpeNoctom) June 2, 2019
XRP-JP Morgan Collusion over Xign
While XRP price is getting ready for a big uptrend, it is facing issues with its banking app called Xign announced by Wietse Wind. However, per the latest reports, this is colliding with JP Morgan’s asset with the same name that was registered more than a decade back.
Xign which is described as a true mobile banking platform, according to Wind will offer more than just sending cryptocurrencies from one wallet to another while JP Morgan’s Xign has been acquired to send electronic payment services from one business to another. Being used in the same industry might make it necessary for Ripple backed XRP Labs to rename its app.
“Yeah, they acquired a company “Xign” and killed it. They still have the name “JPMorgan Xign” registered. A company is now investigating if us using ‘xign’ would become a problem. If so, we’ll have to think of another name,” said Wind in a statement.