Analysts: XRP Could Soon Keep Growing After Ripple’s Digital Currency Shows Technical Strength
- XRP technical analysis looks certainly bullish
- An analyst believes XRP could reach $0.51 in the near future if Bitcoin remains stable
XRP could soon be ready to keep growing as Bitcoin (BTC) gets closer to $9,000 and other digital assets expand as well. Analysts believe that XRP has strengthening technicals that could allow it to keep growing in the near future.
Could XRP Continue To Grow?
It is possible to see that XRP has experienced volatility during the last few weeks. At the beginning of May, when Bitcoin was growing at very fast rates, XRP was traded close to $0.3. During the second half of the month, the virtual currency skyrocketed to over $0.45. At the end of May, XRP fell to $0.375 and it is now again close to $0.45.
The recognized cryptocurrency analyst on Twitter called The Cryptomist believes that XRP could move towards $0.51 in the near future if Bitcoin remains traded in the current price range.
Once more we are testing resistance as reach the appex of the pennant
This looks good, I can only seeing $Btc volatility disrupting this from the first target mentioned few days ago, at 51cents
— The Cryptomist (@TheCryptomist) June 2, 2019
Another cryptocurrency analyst on social media talked about how XRP could surge higher in the near future. He said that there has been a golden cross, a minimal VPVR res remaining and a possible ascending triangle. This is expected to break up higher, as he wrote.
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
According to data provided by CoinMarketCap, XRP is the only digital currency growing among the top 10 alongside Bitcoin Satoshi Vision (BSV). XRP is the third largest digital asset after Bitcoin and Ethereum (ETH), it has a market capitalization of $18.89 billion and each coin can be purchased for $0.447.