Analyst on XRP: "$1 Target begins with this weekly resistance break"

24 Jun, 2019 | Updated: 24 Jun, 2019
by Will Heasman
Price Analysis
Analyst on XRP: $1 Target begins with this weekly resistance break

XRP’s rise in 2019 has left a fair bit to be desired, full of peaks and troughs but ultimately going nowhere fast and certainly providing no contest to the gains of other contemporaries such as Bitcoin and ETH. However, analysts believe something may be stirring for Ripple’s token, suggesting that $1 dollar could soon be in sight…

Right now XRP is trading at around $0.46

XRP/USD Chart provided by Tradingview

Regardless of recent bullish developments within the Ripple camp, such as their partnership with Moneygram, XRP has refused to move too much.

However, for The Cryptomist a notable trader on Twitter, despite XRPs sluggish performance this year, the target of $1 is still highly attainable:

The Cryptomist continues to suggest in a later Tweet that XRP breaking resistance at around $0.48, could lead it straight the aforementioned $1 target:

Another analyst, aptly known as the Wolf Of All Streets also noted this stubborn resistance around $0.48, adding that the recent break above this level could indicate a “sizable move soon”

Another piece of analysis from Bagsy, looked at XRP fractals, noting that a move could be imminent if previous price action repeats:

This was similarly noted by DTC Crypto Trading:

What do you think? Will XRP manage to break its dry spell and head to $1 soon? Let us know what you think in the comments!

Follow Chepicap now on Twitter, YouTubeTelegram and Facebook!

Bitcoin to $20K FAST, but only if THIS happens! $10K CROSSROAD Subscribe to the Chepicap YouTube Channel for more videos!

Poll

XRP to $1

(187 votes)

Add a comment

Check out the latest news

You will be logged out and redirected to the homepage