XRP (XRP) Is Poised for A Massive Rally as It’s Showing the Same Signals Seen in November 2017

The majority of coins in the market are currently trading sideways after the recent price rally. The recent crypto bull run pushed the prices of most digital currencies significantly higher. The price of Bitcoin (BTC) even surged as high as $13,800 in just a few days. However, the massive rally in the market seems to have paused and most digital currencies are now correcting lower. Bitcoin (BTC), which was at the forefront of the rally, is now struggling to hold gains at the $11k mark. Nevertheless, despite the recent trend in the market, a prominent crypto analyst believes that XRP (XRP) may be poised for a massive price rally.

Since the massive plunge of cryptos last year, the price of XRP has been up to the expectation of many digital asset investors. XRP has been underperforming. However, this may soon change, as a recent tweet by Crypto Michael revealed that XRP broke out of the major downward trend against the US dollar some time ago.

XRP Is Printing the Same Signal that Pushed Its Value by 1,800% – XRP Price Prediction 2019 – XRP News Today

The crypto analyst pointed out that the price of XRP against BTC is looking poised for a massive rally of at least 150 percent. He said that XRP is presently showing the same potential bullish divergence (increasing relative strength index, falling price) which was seen in November 2017 and September 2018. The rally in November 2017 pushed the price of XRP higher by 1,800 percent while that of September last year push XRP price up by almost 200 percent.

The MACD (Moving Average Convergence Divergence) is starting to reverse its downtrend; this means that the bulls might get some reprieve very soon.

The Efforts of Ripple Labs Might Be Paying Off Soon – How Far Will the Price of XRP Go?

Ripple Labs have put in so much effort to boost the adoption and price of XRP (XRP). The firm has partnered with several top banks and financial institutions that are now using XRP (XRP). Ripple has established several positive fundamental developments to enhance XRP price. Recently, Ripple announced its partnership with MoneyGram – one of the largest fund transfer companies in the world.

According to a report, the contract of the partnership will last for two years. However, the contract can be extended. Ripple will be the fundamental partner of MoneyGram for international settlement and forex payments through the medium of digital assets. MoneyGram will be using XRP in its basic business line, which is money transfer. This is a very bullish XRP news for the XRP community as well as digital asset investors.

If XRP finally follows the signals it is currently showing, the price of the digital currency might experience a massive surge in the short-term. According to the analyst, the price of XRP might rally as high as 150 percent. If this happens, XRP price will be slightly over the $1 mark, which is XRP price prediction 2019.

XRP (XRP) Price Today – XRP / USD

NamePrice24H %
ripple
XRP(XRP)
$0.751-0.80%

At the time of writing, XRP USD live price is 41 cents after a decrease of about three percent over the past twenty-four hours. The current market cap of the digital currency is $17.44 billion. The trading volume of the digital currency over the past twenty-four hours is $1.81 billion.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.

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