The digital asset market has continued to maintain its position for major digital assets in recent weeks. Top coins are turning bullish once more. Bitcoin expanded its position days ago. Ethereum and Litecoin have had good sessions in the last few days. Now, XRP, the native token of Ripple which has had an uneven last few months is set to join the queue of gainers. Based on a critical analysis of the chart highlighting trading for the XRP/USD pair, it is clear that per a report from CoinDesk, XRP holders are likely going to end up having hefty bags by next month. What does this mean for XRP Price Prediction?
The charts show that the price of XRP is set to form the golden cross pattern which could see it turn bullish and retest its recent high of $3.30 in the coming weeks.
XRP (XRP) Price Today – XRP / USD
XRP Price Prediction: The Price of XRP Could Follow Bitcoin’s Lead and Retest $3.30 After Forming a Golden Cross Trendline – XRP Price Forecast
The third largest digital currency by market capitalization, XRP is about to enter a golden cross pattern. This is a much-coveted position. If it follows BTC’s lead, the asset class could see substantial price gains. It is expected to retest the $3.30 price position should all parameters and technical indicators stay in play.
While Bitcoin and several altcoins have done well to stay in the limelight, there’s being one major crypto that has ended up staying in the sidelines and that’s Ripple’s XRP. XRP’s YTD price increase of about 9% pales when compared to what Ethereum pulled off. Ethereum saw an 87% gain for YTD price while Litecoin saw an impressive 227% increase.
XRP Price Prediction: XRP’s Current Position Looks Underwhelming Compared to the Previous Rally That Yielded 73% Gains – XRP Price Forecast
In the last month, the price of XRP spiked by 27%, but it still looks underwhelming when compared to its 73% rally in September of last year when XRP overtook Ethereum’s position. XRP is set to form a Golden Cross. A Golden Cross Trendline is a major bullish indicator that pops up after the 50-day MA crosses the 200-day MA. The Golden Cross Pattern is arguably one of the most sought-after patterns. The reason for this is because it typically serves as a sure hint of a bullish takeover.
As reported earlier, the price of Bitcoin had achieved a golden crossover at the time it reached the $5,500 position. The price was a new yearly high for the leading asset class. After that, the price of Bitcoin started its climb to its current position of $8,900. Hence, it is safe to assume that the price of XRP will follow the footsteps of BTC after forming a Golden Cross Trendline.
XRP Price Prediction 2019: The Price of XRP is Trading at $0.425339 at Press Time – XRP Price Forecast
According to data given by coin market cap, as of May 28, the price of XRP was trading at $0.425339. The digital asset has gained 3.49% on the day. XRP has an ROI of 7,141.24% and a total circulating supply of 42,116,677,673 XRP. The 24 hour trade volume of XRP stood at $2,787,006,477 with a total market capitalization of $17,913,860,407. Now, the price of XRP is set to retest its all-time high of $3.30 as the Golden Cross Pattern sets.