Ripple's xRapid Launch, SWELL Event and XRP Historical Price Trend are Signaling Imminent Bull Run

Ripple Showing Signs of a Historical Trend: Is History Repeating Itself?

Ripple’s XRP has experienced several surges and dips since it entered the market, but that’s expected for any digital currency in the crypto world. But there’s one interesting thing to note about it. Even with the dips and spikes, the Ripple’s XRP chart shows a progressive form.

History Repeating Itself?

If you take a keen look at the XRP market chart, one thing you will notice is that the coin is making the same route it did earlier in the year. In April 2018 the coin went as high as $0.9327. Anyone who’s been keen about the prices of XRP will agree that it’s building a technical pattern that resembles that of April.

Now, let’s go to Mid-May this year. The coin dropped to test the Low Moving Average, resetting the RSI but later breaking through it in order to see the surge witnessed in April. The XRP/BTC pattern we are seeing now is very much alike the one experienced that time.

On September 18th, Ripple started an incredible pump and kept surging until hitting a high of 0.78. However, it wasn’t able to break that price point, and instead started experiencing a downward move again.

Ripple’s XRP tanked, losing nearly 50% of the gains it had made in the precious couple of days. Since then, its price appears to have established a support on the 50 moving average. Many analysts believe that it could follow this trend a bit longer, before cooling down and finally garnering support to follow the same route as it did in April.

Judging from the price patterns of Ripple, it’s probably safe to state that now is a good time for investors to buy the coin, while the prices are still low.

The Launch Of Ripple’s xRapid Is Expected Next Month

xRapid, Ripple’s new innovative payment system, is expected to launch next month. It’s believed that the payment system will help businesses and financial institutions transact seamlessly, without friction. Ripple’s head of regulatory relations for Pacific and Middle East, Sarbhai, confirmed this, saying in an interview that:

“I am very confident that in the next one month or so you will see some good news coming in where we launch the product live in production,”

Many cryptocurrency investors believe that the recent surge was because of the announcement that xRapid would finally go live in October. This is not further from the truth. It’s anticipated that the prices of XRP will probably hit new highs once the product goes live.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Bitcoin to Follow the Equities Market Up or Down? One-Month Correlation Spikes to an All-Time High

Yet another week of weak price movement. The world’s leading digital asset is trading at $9,072, in red with 24 hours ‘real’ volume of just...

Public Mint Launches Its Blockchain; Over 200 Banks Plan to Support Its Digital Money

vPublic Mint, a firm founded by CNET founder Halsey Minor, has announced the launching of its ‘fiat-native’ public blockchain, which enables anyone to easily...

BTC Halving Week Brings in Record Monthly New Accounts & Doubles the Revenue for BlockFi

The past two months have been incredibly dull for the price of bitcoin, but it didn’t affect the businesses in the cryptocurrency space. The...

Currencycloud Partners with Ripple to Leverage RippleNet for Efficient Cross-Border Payments

Currencycloud - one of the global payment processing giants - has become the latest member of the RippleNet family and would help ripple in...

Coinbase Custody and IOHK Partner to Provide Institutional-Grade Staking For Cardano's ADA in Q4

IOHK, the lead developer of Cardano blockchain, and Coinbase Custody, the institutional-grade custodian launched by Coinbase Inc., announced a partnership to allow users to...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today