Ripple XRP: Showing bullishness
Updated
Ripple is a distributed financial technology that enables banks to send real-time international payments across networks. XRP is an independent digital asset, native to the Ripple Consensus Ledger. With proven governance and the fastest transaction confirmation of its kind, XRP is the most efficient settlement option for financial institutions and liquidity providers seeking global reach, accessibility and fast settlement finality for interbank flows.
XRP is traded on several cryptocurrency exchanges, for example Bitstamp, Poloniex, Kraken.
Sideways action is finally over
During the recent years the XRP/USD price was flat, ranging between $0.005 and $0.01 levels. The first major all-time high was at $0.064 in late 2013. And this year, a few months ago, the XRP price started to rise again, currently trading at $0.057. What's going to happen next?
Bullish signs, but wait for new high
The uptrend seems to be strong, but to be sure, we still need to wait for the all-time high breakout. Once it breaks it and holds above, the price target will be at around $0.39, with 800% rise.
XRP is traded on several cryptocurrency exchanges, for example Bitstamp, Poloniex, Kraken.
Sideways action is finally over
During the recent years the XRP/USD price was flat, ranging between $0.005 and $0.01 levels. The first major all-time high was at $0.064 in late 2013. And this year, a few months ago, the XRP price started to rise again, currently trading at $0.057. What's going to happen next?
Bullish signs, but wait for new high
The uptrend seems to be strong, but to be sure, we still need to wait for the all-time high breakout. Once it breaks it and holds above, the price target will be at around $0.39, with 800% rise.
Note
Ripple is breaking upNote
Added some metrics to the 4-hour chart. Price is doubling every 5 days. So far so good.
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