XRP has One of the Most Bullish USD Charts Out of all High Cap Coins as Ripple Looks to Break Out
- XRP available at the most discounted price
- Expected to test the long term resistance from April 2018, once broken “serious FOMO”
The third largest cryptocurrency by market capitalization of $18 billion has been enjoying the latest bout of surge as Bitcoin went to new 2019 highs at above $9,300 level that was last hit about 13 months back.
In a typical fashion, once Bitcoin started pumping, altcoins followed. However, since yesterday, though BTC is still above $9k, prices have taken a drop that had Ethereum with 2.43 percent losses, the biggest loser.
But since then prices have turned green with the top cryptocurrencies in the green by 1 to 3 percent. At the time of writing, XRP/USD has been trading at $0.438 with 24 hours gains of 4.27 percent.
XRP Available at Great Discounted Price
During the weekend, we saw the cryptocurrency climbing up from $0.40 to $0.433. This move came after XRP dropped down to $0.37 on June 9th.
If we take a look at the XRP price chart, it’s bottom wasn’t with Bitcoin and other cryptocurrencies in December 2018.
In early August 2018, XRP dropped down from $0.516 in July to $0.27 only to further crash to $0.25 in early September. Then at the end of September, the cryptocurrency climbed to $0.5888 in a huge bullish move. But it didn’t last long for XRP which went down to $0.28 in mid-December, just like the majority of the market.
After a series of ups and down in 2019, XRP still fell down to $0.28 and remained in red while top cryptocurrencies saw an increase of about 100 percent from their December lows.
It was only in May that XRP showed any signs of greens when it rose to $0.456 in mid-May while Bitcoin crossed the $8,000 mark, climbing to it July levels. XRP is still below November 2018 levels while up 22.8 percent till date in 2019.
Serious FOMO Coming Once XRP Breaks Long Term Resistance
Currently down 89 percent from its all-time high of $3.84, XRP is currently available at the most discounted price with the only way to go from here being up.
— Galaxy (@galaxyBTC) June 16, 2019
Analysts are feeling good about XRP as well. Recently, we shared how crypto trader and investor, Credible Crypto shares that the current price chart of the cryptocurrency is following the bottoming of Bitcoin from 2014-2015.
If XRP follows BTC and surge 100x, which is very much possible given the fact during the last cycle, XRP pumped 23x from its lows just like Bitcoin’s 22x rise, the digital asset will climb to $28, a “very reasonable expectation” said the analyst.
Meanwhile, crypto analyst, The Cryptomist says XRP has broken the pennant and is now expected to test the long term resistance from April 2018. Though, this break won’t be happening in a single candle rather at stages, “could be between 49-45 cents.”
Once, we break this level, Cryptomist says there will be “serious FOMO” that would give us rewarding profits.